AIMCO ANNOUNCES THE REALIZATION OF $100M OF VALUE CREATION FROM THE SUCCESSFUL DEVELOPMENT OF FOUR PROPERTIES LEASED FROM AIR COMMUNITIES; THE CANCELLATION OF THE RELATED $469M LEASE OBLIGATION; AND THE REPAYMENT OF $534M DEBT OWED TO AIR.

06/21/2022 DENVER–(BUSINESS WIRE)– (NYSE: AIV) – Apartment Investment and Management Company (“Aimco”) has executed definitive agreements with AIR Communities (“AIR”) that will result in more than $100 million of realized value creation for Aimco shareholders, eliminate the $469 million obligations related to the four leased properties from AIR, and lead directly to the refinance or repayment