Apartment Investment & Management CO 8-K Filing

FAQ

Key Financial Figures

• $155 million — LLC (the "buyer") for a gross price of $155 million. The properties under contract include
• $5 million — ce and made a non-refundable deposit of $5 million. Closing is scheduled for the first qua
• $520 million — emblage") for a gross purchase price of $520 million. On December 22, 2025, the Company co
• $85 million — of $520 million. The Purchaser financed $85 million of the $520 million purchase price with
• $220 million — ller financing notes, are approximately $220 million. As previously announced, Aimco plans t

Filing Documents

• aiv-20251222.htm (8-K) — 71KB
• aiv-ex10_1.htm (EX-10.1) — 772KB
• 0001193125-25-330971.txt ( ) — 1084KB
• aiv-20251222.xsd (EX-101.SCH) — 46KB
• aiv-20251222_htm.xml (XML) — 8KB

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement. On December 23, 2025, Apartment Investment and Management Company ("Aimco"), through Aimco Hillmeade, LLC and CCIP Plantation Gardens, L.L.C., each a subsidiary of Aimco, entered into an agreement (the "Agreement") to sell two properties to HGI Acquisitions, LLC (the "buyer") for a gross price of $155 million. The properties under contract include a total of 660 apartment homes and are located in Plantation, Florida, and Nashville, Tennessee. The buyer has completed due diligence and made a non-refundable deposit of $5 million. Closing is scheduled for the first quarter of 2026, pending assumption of the in-place mortgage loans, the approval of which is currently being pursued. The foregoing description of the Agreement is not intended to be complete and is qualified in its entirety by reference to the document, a copy of which is attached hereto as Exhibit 10.1, and incorporated by reference herein.

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets As previously reported, on December 30, 2024, certain subsidiaries of Aimco and Aimco OP L.P. (collectively, the "Company" or "Seller") entered into an Interests Purchase and Sale Agreement (the "Brickell Agreement") with Brickell Bay Property Owner LLC (the "Purchaser"). The Purchaser is not affiliated with the Seller. Under the terms of the Brickell Agreement, the Seller agreed to sell to the Purchaser the ownership interests in its subsidiaries that own the properties located at 1001 Brickell Bay Drive and 1111 Brickell Bay Drive in Miami, Florida (together referred to as the "Brickell Assemblage") for a gross purchase price of $520 million. On December 22, 2025, the Company completed the sale of the Brickell Assemblage for total consideration of $520 million. The Purchaser financed $85 million of the $520 million purchase price with transferable seller financing notes from Aimco. The seller financing notes have initial terms of 24 months with compounding interest rates that increase from 12% to 16% after twelve months, as well as exit fees of 3%. The financing notes also allow for two successive one-year renewal options at the Purchaser's election, upon which the interest rates increase to 20% and 24%, respectively. Initial net proceeds from the transaction, when accounting for associated property-level debt, the deferred tax liability, transaction costs, and excluding the seller financing notes, are approximately $220 million. As previously announced, Aimco plans to monetize the seller financing notes. Aimco intends to distribute the majority of net proceeds to shareholders. Cautionary Statement Regarding Forward-Looking Statements This Current Report on Form 8-K contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or e

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (b) Pro Forma Financial Information Pro forma financial statements will be filed by amendment to this Form 8-K no later than Wednesday, December 31, 2025. (d) The following exhibits are filed with this report: Exhibit No. Description 10.1+ Purchase and Sale Contract, effective as of December 23, 2025, by and among Aimco Hillmeade, LLC, CCIP Plantation Gardens, L.L.C., and HGI Acquisitions, LLC (filed herewith) 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) + Exhibits marked with a (+) exclude certain portions of the exhibit pursuant to Item 601(b)(10)(iv) of Regulation S-K. A copy of the omitted portions will be furnished to the SEC upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 23, 2025 APARTMENT INVESTMENT AND MANAGEMENT COMPANY /s/ H. Lynn C. Stanfield H. Lynn C. Stanfield Executive Vice President and Chief Financial Officer AIMCO OP L.P. By: Aimco OP GP, LLC, its general partner By: Apartment Investment and Management Company, its managing member /s/ H. Lynn C. Stanfield H. Lynn C. Stanfield Executive Vice President and Chief Financial Officer

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