Aimco Approves $1.45 Per Share Payout Amid $680 Million Asset Sale

The board of directors declared the liquidating distribution on Monday, which will be funded by the net proceeds from the December 2025 sale of the Brickell Assemblage in Miami. Shareholders of record as of Feb. 27 are scheduled to receive the payment on March 13, marking a significant milestone in the company’s pivot toward asset monetization.

Divestment Strategy and Portfolio Liquidation

Beyond the Miami transaction, Aimco has secured agreements with four separate buyers to offload 12 properties for a combined $680 million. The deal is currently backed by approximately $30 million in non-refundable deposits. The portfolio spans several major U.S. markets, including:

• A seven-property cluster in the Chicago-area market
• The Benson Hotel and Faculty Club in Aurora, Colorado
• Assets in Nashville, Tennessee, and Plantation, Florida
• Prime residential buildings on West 23rd Street and Ninth Avenue in New York City

If these pending contracts close as scheduled, the company anticipates an additional distribution ranging between 85 cents and 95 cents per share during the second quarter. This aggressive sell-off aligns with Aimco’s broader objective to exit its remaining stabilized properties. Management stated that it intends to bring its entire portfolio of land, development, and lease-up assets to market by mid-2026.