Deal Snapshot
Aimco Separates to Form Self-Managed Apartment Income REIT
Tuesday 15 September 2020

US-based REIT Apartment Investment and Management Company (NYSE: AIV) (Aimco) plans to form Apartment Income REIT (AIR), a self-managed USD 10bn REIT, by separating Aimco into two distinct publicly traded companies in a reverse spinoff, the company said.

AIR will provide a simple and transparent way to invest in the multi-family sector: ownership with public market liquidity of a diversified portfolio of apartment communities, with low financial leverage, limited execution risk, best-in-class operations, and sector low management costs.

Date Published: 15/09/2020