Apartment Investment & Management Co. (AIV) plans to explore options, including a sale of the company or a merger.
"Potential sales of the major components of the business (in one or a series of transactions)," and "acceleration of individual asset sales" are also being considered following the sale of property assets in Miami announced last month, Apartment Investment said Thursday in a statement.
"Our shares continue to trade at a meaningful discount to our estimate of the private market value of our assets and investment platform, which we believe has limited our ability to fund new investment opportunities and accelerate growth," the company said.
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