Aimco OP Sells Chicago Portfolio for $455M

Aimco OP L.P. entered into a purchase and sale agreement on December 10, 2025 to sell seven properties in the Chicago metro area for $455.0 million. On March 27, 2026, the company completed the Chicago Portfolio sale for gross proceeds of $455.0 million.

In connection with the sale, the purchaser assumed $282.5 million of non-recourse property debt. Aimco OP determined the transaction qualifies as a discontinued operation under ASC 205-20 and will account for the Chicago Portfolio as discontinued operations starting with its Form 10-Q for the quarter ended March 31, 2026.