AIMCO Sells Miami Brickell Assemblage for $520 Million

Reuters2025-12-24
AIMCO Sells Miami Brickell Assemblage for $520 Million

Apartment Investment & Management Company (Aimco) has sold its Brickell Assemblage in Miami, including The Yacht Club Apartments and the adjacent 1001 Brickell Bay Drive office building, for $520 million. The sale included $85 million in seller financing notes. Aimco has also agreed to sell two additional properties, totaling 660 apartment homes in Plantation, Florida, and Nashville, Tennessee, to an affiliate of Harbor Group International, with closing expected in the first quarter of 2026. Aimco has sold $1.26 billion of real estate in 2025 and is under contract to sell an additional $620 million in properties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AIMCO - Apartment Investment & Management Company published the original content used to generate this news brief via PR Newswire (Ref. ID: LA51951) on December 23, 2025, and is solely responsible for the information contained therein.

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