Apartment Investment & Management Co.

Apartment Investment & Management Co.

Apartment Investment & Management Co.

Overview
Date Founded

1975

Headquarters

4582 South Ulster Street, Suite 1100, Denver, CO, 80237, USA

Type of Company

Public

Employees (Worldwide)

1,350

Industries

Real Estate
Real Estate Investment Trusts

Company Description

Apartment Investment & Management Co. operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. It operates through Real Estate segment. The Real Estate segment consists primarily of market rate apartment communities, which holds a substantial equity ownership interest. The company was founded by Terry Considine in 1975 and is headquartered in Denver, CO.

Website
Executives & Employees

Chief Executive Officer

Executive Vice President, Chief Financial & Accounting Officer

Executive Vice President & Chief Investment Officer

Senior Vice President & Chief Accounting Officer

Executive Vice President & Chief Administrative Officer

President, Aimco Investment Partners

Director of Human Resources

Executive Vice President-Property Operations

Director of Corporate Communications

Director-Private Equity

Board of Directors

Chief Executive Officer at Apartment Investment & Management Co.

Former Chief Financial Officer & Executive Vice President at Nordstrom, Inc.

President at Ramco Advisors LLC

Founder at KMN Associates LLC

Former Chief Operating Officer-Americas Region at Jones Lang LaSalle

Chief Financial Officer at Veritas Investments, Inc.

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Owners & Shareholders
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Long Pond Capital focuses on identifying asymmetry, a material disconnect between stock price and intrinsic value, at the company level across a broad investable universe of real estate and real-estate-related securities. The firm's strategy is value-oriented, fundamentally-driven and maintains a private equity approach to public equity investing. In managing the funds’ accounts, Long Pond implements a rigorous bottom-up research process and seeks to identify asymmetry in securities with significant downside protection. Long Pond's investments may include, but are not limited to: (i) assets trading at a discount to their underlying value; (ii) companies undergoing a change in capital structure, business plan, management or any other “overhang” that creates dislocation; (iii) well-capitalized companies that will profit from the current industry distress; (iv) attractively priced, high return on invested capital opportunities where growth is driven by real estate and real estate-related fundamentals; (vi) relative value opportunities, including REITS, where a static asset base combined with market volatility provides for low-risk trading between similar companies when market prices diverge; and (vi) catalyst-driven short opportunities including dividend cuts, projected earnings misses, overvalued companies with the potential to miss clinical targets and/or where management has publicized unrealistic expectations for future events. Finally, Long Pond employs an intense focus on liquidity, leverage and capital structure in order to maximize downside protection in volatile markets. ^

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Principal Real Estate Investors (PREI) provides investment advisory services concerning private real estate equity, private real estate debt, public real estate debt securities such as commercial mortgage backed securities and public real estate equity securities issued by REITs and other companies involved in the commercial real estate business to institutional investors, high net worth individuals and individuals. The firm offers a number of real estate investment strategies relating to direct and indirect investment in real estate and real estate interests. The strategies fall into four different areas: private equity real estate, real estate equity securities issued by real estate investment trusts and other companies involved in the commercial real estate business, private real estate debt, and public real estate debt securities such as commercial mortgage backed securities (CMBS).

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Security Capital Research & Management focuses exclusively on investments in publicly traded real estate securities. The firm employs a bottom-up investment process combining active fieldwork, interaction with real estate company management, scrutiny of public filings, and detailed cash flow analysis. Security Capital’s primary valuation tool is a five-year discounted cash flow model tailored to each company and the properties owned by that company. The firm invests through the open market purchase of real estate securities and through the negotiation and structuring of convertible preferred private placements. They offer investment strategies broadly categorized as index relative, income, core and dynamic. Security Capital Growth & Income is an actively managed, diversified portfolio of real estate common equity securities designed for long-term investors seeking current income and capital appreciation. Securities from major real estate property sectors are included in the portfolio. Security Capital Liquid Core blends exchange-listed securities from all capital tranches issued by real estate companies, tailored to a range of investor risk-adjusted return objectives.

Recent Transactions
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Grand Avenue L.A. LLC purchases Apartment Investment & Management Co. /Asset Management Bus from Apartment Investment & Management Co.

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Apartment Investment & Management Co. issued Class A Common Stock

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Apartment Investment & Management Co. issued Class A Common Stock

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onApartment Investment & Management Co. purchases Oxford Realty Financial Group, Inc.

Legal Advisor

Advised onApartment Investment & Management Co. issued Class A Common Stock

Legal Advisor

Advised onApartment Investment & Management Co. issued Class A Common Stock

Legal Advisor

Advised onApartment Investment & Management Co. issued Class A Common Stock

Managing Director

Advised onApartment Investment & Management Co. issued Class A Common Stock

Managing Director

Advised onApartment Investment & Management Co. issued Class A Common Stock

Advisors & Consultants
Advisor

Executive Vice President & Chief Financial Officer at Invitation Homes, Inc.

Legal Advisor

Partner at White & Case LLP

Legal Advisor

Partner at Bartlit Beck Herman Palenchar & Scott LLP

Key Stats and Financials As of 2017
Market Capitalization
$6.74B
Total Enterprise Value
$11B
Earnings Per Share
$0.05
Revenue
$1B
Total Debt
$4.09B
Total Equity
$1.76B
Net Profit
$15.9M
Enterprise Value Sales
10.99x
TEVNet Income
693.2x
Debt TEV
0.37x
EBITDAMargin
59.17%
Enterprise Value EBITDAOperating
18.58x
EBITDA
$593M
Three Year Compounded Annual Growth Rate Of Revenue
0.6%
Five Year Compounded Annual Growth Rate Of Revenue
-0.54%
Investments
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Index Corp. provides software solutions for retail trade companies. The firm empowers brick-and-mortar retailers to recognize and delight customers. It develops and provides Video On Demand, software applications, commerce services and publishing. The company was founded by Jonathan Wall and Marc Freed-Finnegan in March 2012 and is headquartered in San Francisco, CA.

Suppliers
TRC Cos., Inc. Holding Companies | Lowell, MA

TRC Cos., Inc. provides environmental engineering and consulting services. The firm’s services include air quality management, building sciences & industrial hygiene, coal ash management, construction & construction management , energy efficiency, environmental permitting, testing & compliance engineering, environmental engineering and remediation, environmental health and safety management, infrastructure services, insite pro, integra link, integrity management services and permitting & regulatory filings. The company was founded in 1969 and is headquartered in Lowell, MA.

Competitors
Equity Residential Real Estate - Chicago, Illinois

Equity Residential operates as a real estate investment trust, which engages in the acquisition, development, and management of rental apartment properties. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

UDR, Inc. Real Estate - Highlands Ranch, CO

UDR, Inc. engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments. The Same-Store Communities segment pertains to properties that are acquired, developed, and stabilized occupancy. The Non-Mature Communities/Other segment include recently acquired, developed and redeveloped communities, and the non-apartment components of mixed use properties. The company was founded in 1972 and is headquartered in Highlands Ranch, CO.

Mid-America Apartment Communities Real Estate - Germantown, TN

MAA is a real estate investment trust that owns and manages multifamily apartments in the sunbelt region of the United States. We have grown from 5,580 apartment homes at the time of our initial public offering in January 1994 to over 49,000 apartment homes today; including our ownership through joint-venture funds with institutional investors. We are traded on the NYSE under the symbol MAA, and are headquartered at 6584 Poplar Avenue, Memphis, TN 38138. MAA has a strong track record in extracting value through opportunistic property acquisitions, strategic development and renovations, and a sophisticated technology-based operating platform. Our capital allocation and portfolio plan is built around a disciplined program to diversify in both large tier and select secondary markets across the Sunbelt region. We believe these dynamic and resilient markets provide growth opportunities and strong value returns for our discerning investors. MAA aims to provide investors with a reliable dividend income that, over the long run, will consistently grow and be protected against economic downturns. We have consistently generated long-term investor returns greater than most other apartment REITs through our well-defined strategy