Apartment Investment and Management Company Files Registration Statements
April 21, 2008 at 10:13 AM EDT
DENVER, April 21 /PRNewswire-FirstCall/ -- Apartment Investment and Management Company ("Aimco") (NYSE:AIV) announced that it filed two registration statements today. The first is an automatic shelf registration statement for Aimco and AIMCO Properties, L.P. (the "OP") and was filed because the existing shelf registration statement of Aimco and the OP expires this year. Although the Aimco/OP shelf facilitates equity and debt offerings by Aimco or the OP, at the present time neither has any plans for any such offering.
The other registration statement is similar to those Aimco files from time to time in order to register for resale shares of Aimco stock that may be issued to holders of units in the OP upon redemption. In addition, and as Aimco has done previously, this recent selling stockholder filing included certain shares of Terry Considine and related entities. This filing is not an offering or a capital raising activity of Aimco's. The Form S-3 facilitates sales by the holders listed, yet it is not an indication of their intent to sell. Mr. Considine has no expectation of sales by him or any of his affiliates. Any sales by officers are reported as required, typically on Form 4.
Aimco is a real estate investment trust headquartered in Denver, Colorado that owns and operates a geographically diversified portfolio of apartment communities through 19 regional operating centers. Aimco, through its subsidiaries and affiliates, is the largest owner and operator of apartment communities in the United States with 1,169 properties, including 203,040 apartment units, and serves approximately 750,000 residents each year. Aimco's properties are located in 46 states, the District of Columbia and Puerto Rico. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500. For more information about Aimco, please visit our web site at http://www.aimco.com.
Source: Apartment Investment and Management Company