Income Property Management history

Launching a Real Estate Business: 1975

Additionally in 1979, Jeff completed the requirements needed to obtain his designation as a Certified Property Manager® from the Institute of Real Estate Management.

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.

The firm grew and in 1984, IPM Co. opened a second office in Portland, serving clients with properties in the greater Portland area.

Microsoft launched Excel in 1985 and spreadsheet accounting became an option over standard paper and ink ledgers.

When the Tax Reform Act of 1986 passed, real estate investors were no longer able to deduct their losses from their income.

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.

A newsletter was created in 1988 and was published three times per year.

The first national convention was held in November 1989.

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.

NHP went public in 1995.

Joining GSL Properties in 1996, he continued large project portfolio oversight, operations and training, later assuming the role of Vice President of Management Operations.

By January 1997, membership had grown to almost 1,300 members with 34 chapters in place.

In May 1998 it acquired Ambassador Apartments, Inc., a Chicago REIT, at a cost of $713.6 million in stock, cash, and assumed debt.

In 1999 AIMCO made adjustments to its portfolio, acquiring 28 apartment communities in a series of transactions at an aggregate cost of $494 million, while selling 63 properties at an aggregate cost of $426 million.

In 2000 it acquired Oxford Realty Financial Group, Inc. in a cash, stock, and assumption of debt transaction valued at nearly $1.2 billion.

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.

Almost two-thirds of the units, some 11,000, were conventional apartments and did not fit in with AIMCO's stated strategy of mitigating its exposure to affordable housing. As a result AIMCO entered 2002 with more than 360,000 apartments that it owned and/or managed, an asset base of some $15 billion, making it the largest apartment owner and operator in the United States.

In 2005, NARPM® breached the 2,000 member mark with 68 chapters.

Ed Nukala joined IPM in 2009.

In 2013, an opportunity developed for Jill to go back to her roots of Commercial Property Management and she is now responsible for overseeing a total of 1,000,000 SF in office, retail, and industrial properties in both Portland and Eugene.

Scott joined IPM in 2017 to focus on portfolio development, marketing and client relations.