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AI brief of an SEC Form 8-K · APARTMENT INVESTMENT & MANAGEMENT CO (AIV)

Aimco completes $455 million sale of seven Chicago apartment properties

Neutral Impact 4 of 5 m&a Written later

On March 27, 2026, Aimco and Aimco OP L.P. completed the sale of seven apartment properties with 1,495 units in Chicago to LaTerra Capital Management, LLC, which is not affiliated with the company, for a gross price of $455 million. The buyer also assumed $282.5 million of non-recourse property debt. The filing includes unaudited pro forma financials showing the effect of the sale, and the company will report the portfolio as a discontinued operation starting with its first-quarter 2026 Form 10-Q.

Key points

  • Sale closed March 27, 2026; buyer is LaTerra Capital Management, LLC, unaffiliated with the seller
  • Gross price $455 million for seven properties with 1,495 units; $282.5 million of non-recourse property debt assumed by the buyer
  • Filing estimates net cash proceeds of $152.1 million after transaction costs and a working capital adjustment
  • Pro forma 2025 rental revenue would have been $92.6 million versus $138.5 million as reported; pro forma net income attributable to Aimco from continuing operations would have been $20.6 million versus $26.6 million

The filing

CompanyAPARTMENT INVESTMENT & MANAGEMENT CO (AIV)
Form8-K, current report
Filed with the SECMar 30, 2026, 5:37 PM ET
Accession number0001193125-26-132051

Items reported: 2.01 Acquisition or Disposition Completed

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 30, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.