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Home > Investing > Spotlight on REITs: Apartment Investment and Management CO

Spotlight on REITs: Apartment Investment and Management CO

Money Manager | Monday, April 30th, 2012

Apartment Investment and Management: This real estate investment trust specializes in apartment acquisitions; it will also manage and run the apartment complexes and buildings. Apartment Investment and Management was founded in 1975, and is based in Denver, Colorado.

Dealing with residential clients Apartment Investment and Management has to be a well managed and well run company to keep their clients happy, as of 2010 Apartment Investment and Management owned and operated 817 apartment complexes with over 129,000 units. This company owns property in Puerto Rico as well as 43 main land states.

A REIT is not subject to taxes on its profit margins if it gives its shareholders at least 90% of the earnings. Making a REIT a good investment for those who want to save on income tax fees.

Apartment Investment and Management has a goal to be the largest apartment building and property owner in the world, so it will take the necessary buying steps to do so, such as acquiring large communities and buildings.

Apartment Investment and Management also knows that it is important to help those within your own company, so it started the AIMCO cares fund, where company members who need financial help can receive benefits and funding.

Apartment Investment and Management is currently traded on the New York Stock Exchange, and is traded under the symbol AIV, As of Jan 11/2011 a share in the company’s stock is worth $25.45.

Apartment Investment and Management is run by the CEO and chairman of the board Terry Considine. He oversees buying activity and company regulations. He has been with the company since it was founded.

Apartment Investment and Management owns most of its property in the East Coast, over 80% of it while it does have some properties in California and Washington.

The current market value of this company is $2,876.68 million dollars. Making it one of the largest apartment owners in the USA.

Apartment Investment and Management dispositions buildings and complexes each year to invest in new ones and renovate existing ones, this makes them the diverse company that they are. Creating liquid cash is essential to any share holder business.

Apartment Investment and Management employs a large number of people, from property management teams to receptionists, each are trained according to Apartment Investment and Management standards and work ethics.

Apartment Investment and Management prides its self on always being available to the client or tenant, this is why they employ so many people to mages there buildings and properties, and in fact customer service is this Real Estate Investment Trusts number one priority, other than making sure its shareholders have a good solid investment with their company. This has been a profitable business for many years, and is looking to become one of the leaders in apartment buildings owning and leasing.

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