Aimco announces expansion of process to maximize shareholder value following agreement to sell brickell properties

Denver , jan. 9, 2025 /prnewswire/ -- as previously announced on december 30, 2024, apartment investment and management company ("aimco" or the "company") (nyse: aiv) entered into an agreement to sell 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 price of $520 million. the buyer has completed due diligence and has made a non-refundable deposit of $38 million.
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