Aimco announces programmatic joint venture agreement with alaska permanent fund corporation targeting up to $1 billion of multifamily development

Denver--(business wire)--apartment investment and management company (“aimco”) (nyse: aiv) announced today that it and alaska permanent fund corporation (“apfc”) have entered into an agreement to fund up to $1 billion of future aimco-led multifamily developments. pursuant to the agreement, apfc will fund up to $360 million of limited partner equity into projects meeting specific criteria, including, among other items, return thresholds and minimum project size. aimco will act as the general par
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