AIMCO

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Apartment Investment and Management Company

Type	Public (NYSE: AIV)
Founded	1975
Headquarters	Denver, Colorado
Key people	Terry Considine, CEO
Industry	Real Estate Investment Trust
Products	Apartment Homes
Revenue	$1.521 billion USD (2005)
Slogan	America Comes Home to AIMCO
Website	www.aimco.com

AIMCO is the largest owner and operator of apartment communities in the United States, with approximately 1,475 communities comprised of nearly 260,000 units in 47 states, the District of Columbia and Puerto Rico.

[edit] History

In 1975, Terry Considine founded The Considine Company, Inc. which owned and operated apartment communities around the United States. In 1987, The Considine Company acquired a 75% stake in Denver-based McDermott, Stein and Ira forming Property Asset Management. Along with their own properties, Property Asset Management also managed apartments for PDI, Inc., another asset management firm headed by Peter Kompaniez and Robert Lacy.

In 1994, partnering with Kompaniez and Lacy, Considine formed a Real Estate Investment Trust to merge Property Asset Management and PDI, Inc. to form the Apartment Investment and Management Company (AIMCO). AIMCO went public in July, 1994.