About AIMCO
AIMCO Properties' aim is true. The company is the operating arm of multifamily real estate giant Apartment Investment and Management Company (AIMCO), which owns and/or manages some 500 apartment properties (with nearly 94,000 individual units) throughout the US. AIMCO Properties holds most of AIMCO's assets and manages its day-to-day operations, including – more... property management and asset management. Its portfolio includes suburban apartment communities, urban high-rise properties, and government-subsidized affordable housing properties. Investment management operations include management of its own portfolio as well as services for affiliated partnerships. AIMCO controls more than 90% of AIMCO Properties.
Government-subsidized affordable properties (which account for about 15% of AIMCO Properties' operating income) tend to provide the company with relatively stable rent streams and occupancy levels, as they are less susceptible to market fluctuations. The company's conventional properties typically bring in the average or slightly more than the average of each market's local rents.
AIMCO Properties' investment strategy is to maintain a diverse portfolio of properties across the financial spectrum, minimizing its dependence on any single market. It has assets in most of the US, but targets certain metropolitan markets including Los Angeles, Boston, Chicago, and DC.
The company has been refocusing on its core business by selling off some noncore assets and investing in additional properties in its target markets. In 2011 it sold 25 properties in noncore markets; it also sold 35 properties from its affordable portfolio. The firm expects to sell more than 85 properties in 2012. Funds from the sales are also used to improve the company's existing portfolio. AIMCO prefers to buy and improve existing properties rather than develop new properties from the ground up, as redevelopment allows the company to begin earning revenues more quickly.
In addition to rejiggering its property portfolio, the company has been working on simplifying its business by winding down certain operations and buying out property investment partners. Through these efforts, AIMCO Properties has cut its offsite costs by nearly half in the past three years. In 2011, the company saw an increase in rental and other property revenues as well as asset management and tax credit revenues. That year it earned $1.1 billion, a 2% increase from the prior year. – less
AIMCO Employer Reviews
AIMCO
Unethical!
Community Manager (Former Employee), FL – April 15, 2013
AIMCO
Terrible Experience with Aimco!!
Leasing Consultant (Former Employee), Towson, Md – April 5, 2013
AIMCO
AIMCO is a career oportunity company.
None (Former Employee), none – March 23, 2013
AIMCO
Career Russian Roulette
Senior Director of Construction (Former Employee), Los Angeles, CA – March 13, 2013
AIMCO
Diverse and Engaging Workplace
Leasing Consultant (Former Employee), Lexington, KY – March 4, 2013
Working at AIMCO
How has aimco screwed you and are you willing to file suit against them. List any ways that aimco has wrongfully gone against the law in your presence also leave contact in...
Sep 18 2007 1:51PM
Associated Press
Court Certifies Nationwide FLSA Collective Action Against AIMCO Brought by MINNEAPOLIS, MN (MARKET WIRE) 09/18/07 On September 17, 2007,...
AIMCO is a wonderful, successful company. They had an HR person named Dawn who was simply a joke. She moved from marketing where she failed to HR and the company supported ...
Every business has it's own style. What is the office environment and culture like at AIMCO?
Are people dressed in business casual, jeans and t-shirts, or full-on suits? ...
Aimco does not respect there mainenance team and they dont know what work is and what hard jobs are if the were so easy some people should get off their carpets and get dir...
