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Aimco history
Aimco company history timeline
Launching a Real Estate Business: 1975
In 1981 he moved to Colorado and became involved in politics through his father-in-law, Howard "Bo" Callaway, the state chairman of the Republican Party.
Not until the Tax Reform Act of 1986 began to change the nature of real estate investment did REITs begin to gain widespread usage.
In 1986 one of his clients hired him to serve as president of a company, which among other holdings included some 6,000 apartments.
Considine met one of the future founders of AIMCO, Steve Ira, in 1987, when he acquired a 75 percent interest in McDermott, Stein and Ira Marketing Management (MSI), Denver's largest fee-operated apartment management company.
He would win the Republican nomination for the United States Senate in 1992, Gary Hart's old seat once again vacant, but Considine ultimately lost out to Democrat Ben Nighthorse Campbell (who, in an ironic twist, soon changed his party affiliation to Republican).
With Considine named president and CEO, AIMCO completed an initial public offering of shares in July 1994, raising almost $170 million.
On July 29, 1994, the company became a public company via an initial public offering.
In May 1998 it acquired Ambassador Apartments, Inc., a Chicago REIT, at a cost of $713.6 million in stock, cash, and assumed debt.
The matter would not be settled until August 2001 when the two parties reached a $4.2 million settlement in which AIMCO was absolved of any wrongdoing.
2001: Casden Properties is acquired.
In 2002, Aimco acquired Casden Properties, founded by Alan Casden.
In December 2020, it completed the corporate spin-off of Apartment Income REIT Corp.
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Aimco competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Taubman | 1950 | $661.1M | 420 | 1 |
| Cousins Properties | 1958 | $856.8M | 331 | 5 |
| Piper Jaffray | 1895 | $1.5B | 1,500 | 60 |
| Citi | 1812 | $74.3B | 210,000 | 1,043 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,090 |
| Apollo Global Management | 1990 | $3.6B | 1,600 | 49 |
| Prudential Retirement Insurance And Annuity Co | - | $57 | 41,671 | - |
| Colonial Properties Trust | 1993 | $19.0M | 50 | - |
| Essex Property Trust | 1971 | $1.8B | 1,799 | 31 |
| BSR REIT | 1956 | $8.5M | 158 | - |
Aimco history FAQs
Zippia gives an in-depth look into the details of Aimco, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Aimco. The employee data is based on information from people who have self-reported their past or current employments at Aimco. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Aimco. The data presented on this page does not represent the view of Aimco and its employees or that of Zippia.
Aimco may also be known as or be related to APARTMENT INVESTMENT & MANAGEMENT CO, Aimco, Aimco Apartment Homes, Apartment Investment & Management Company, Apartment Investment & Mgmt Co and Apartment Investment and Management Company.