Apartment Investment and Management Exploring Additional Alternatives to Business

Dow Jones02:54

By Denny Jacob

Apartment Investment and Management is exploring additional alternatives to its business.

The real-estate company said its board reached its decision in an effort to further unlock and maximize shareholder value. The exploration will expand on its ongoing efforts in areas including reducing its exposure to development activity and monetizing certain assets. Alternatives include potential sales of the major components of its business, an acceleration of individual asset sales, or a sale or merger of the company as a whole.

The Denver company, also known as Aimco, said there was no guarantee its expanded strategic process will result in any transactions, changes or outcomes.

Aimco's strategy comes amid a pending sale of properties located in Miami, which it entered into in December for a gross price of $520 million.

Aimco said it is pleased with the transformation of its portfolio, including the spinoff of Apartment Income REIT in December 2020, over the past four years. But the company said its shares continue to trade at a meaningful discount to its estimated value of its assets and investment platform, which Aimco believes has limited its ability to fund new investment opportunities and accelerate growth.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

January 09, 2025 13:54 ET (18:54 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2502025638?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-10 02:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2502025638","market":"hk","top_or_hot":-1,"title":"Apartment Investment and Management Exploring Additional Alternatives to Business","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Denny Jacob \n</p>\n<p>\n  Apartment Investment and Management is exploring additional alternatives to its business. \n</p>\n<p>\n  The real-estate company said its board reached its decision in an effort to further unlock and maximize shareholder value. The exploration will expand on its ongoing efforts in areas including reducing its exposure to development activity and monetizing certain assets. Alternatives include potential sales of the major components of its business, an acceleration of individual asset sales, or a sale or merger of the company as a whole. \n</p>\n<p>\n  The Denver company, also known as Aimco, said there was no guarantee its expanded strategic process will result in any transactions, changes or outcomes. \n</p>\n<p>\n  Aimco's strategy comes amid a pending sale of properties located in Miami, which it entered into in December for a gross price of $520 million. \n</p>\n<p>\n  Aimco said it is pleased with the transformation of its portfolio, including the spinoff of Apartment Income REIT in December 2020, over the past four years. But the company said its shares continue to trade at a meaningful discount to its estimated value of its assets and investment platform, which Aimco believes has limited its ability to fund new investment opportunities and accelerate growth. \n</p>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 09, 2025 13:54 ET (18:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apartment Investment and Management Exploring Additional Alternatives to Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApartment Investment and Management Exploring Additional Alternatives to Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-10 02:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Denny Jacob \n\n\n  Apartment Investment and Management is exploring additional alternatives to its business. \n\n\n  The real-estate company said its board reached its decision in an effort to further ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4215","symbol_name":"住宅房地产投资信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2502025638","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502025638","pubTimestamp":1736448840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The real-estate company said its board reached its decision in an effort to further unlock and maximize shareholder value. The exploration will expand on its ongoing efforts in areas including reducing its exposure to development activity and monetizing certain assets. Alternatives include potential sales of the major components of its business, an acceleration of individual asset sales, or a sale or merger of the company as a whole.The Denver company, also known as Aimco, said there was no guarantee its expanded strategic process will result in any transactions, changes or outcomes.Aimco's strategy comes amid a pending sale of properties located in Miami, which it entered into in December for a gross price of $520 million.Aimco said it is pleased with the transformation of its portfolio, including the spinoff of Apartment Income REIT in December 2020, over the past four years. But the company said its shares continue to trade at a meaningful discount to its estimated value of its asse","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4215":"住宅房地产投资信托","AIV":"公寓投管"},"translate_title":"公寓投资和管理探索其他业务替代方案","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIV":0.9},"content_text":"By Denny Jacob \n\n\n  Apartment Investment and Management is exploring additional alternatives to its business. \n\n\n  The real-estate company said its board reached its decision in an effort to further unlock and maximize shareholder value. The exploration will expand on its ongoing efforts in areas including reducing its exposure to development activity and monetizing certain assets. Alternatives include potential sales of the major components of its business, an acceleration of individual asset sales, or a sale or merger of the company as a whole. \n\n\n  The Denver company, also known as Aimco, said there was no guarantee its expanded strategic process will result in any transactions, changes or outcomes. \n\n\n  Aimco's strategy comes amid a pending sale of properties located in Miami, which it entered into in December for a gross price of $520 million. \n\n\n  Aimco said it is pleased with the transformation of its portfolio, including the spinoff of Apartment Income REIT in December 2020, over the past four years. But the company said its shares continue to trade at a meaningful discount to its estimated value of its assets and investment platform, which Aimco believes has limited its ability to fund new investment opportunities and accelerate growth. \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 09, 2025 13:54 ET (18:54 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2502025638"}