Apartment Investment and Management Company Announces That David Robertson Will Lead Expanded Aimco Capital

DENVER, March 15 /PRNewswire-FirstCall/ -- Aimco announced today that David Robertson, President and Chief Executive Officer of Aimco Capital, will lead a reorganized Aimco Capital platform that has been expanded to include all Aimco asset management, investment and transaction activities.

Terry Considine, Aimco's Chairman and Chief Executive Officer stated, "Aimco sees a significant opportunity to further leverage our operating, development and investment platforms as we enter a new period of growth for the company. David's success in building Aimco Capital's asset management, transaction, and tax credit businesses over the past few years, and his contributions while heading Aimco's strategic planning, have prepared him well to take on these expanded responsibilities."

Aimco Capital will be responsible for strategic planning, capital allocation, investments, joint ventures and transaction activities for Aimco's $14 billion portfolio of conventional, affordable and university housing properties, and asset management of more than $3 billion of investment capital for several hundred institutional joint ventures and retail limited partnerships.

About his expanded role, David Robertson said, "We are fortunate to have such a talented and experienced team of more than 85 asset management and transaction professionals, including my senior partners Harry Alcock and Lance Graber. I look forward to working with them to execute our ambitious growth plans."

Considine further added, "Combining our asset management, investment and transaction resources into one focused group provides us with an important third engine of growth in addition to the property operations business headed by Jeff Adler and the redevelopment business led by Tim Beaudin."

Aimco is a real estate investment trust headquartered in Denver, Colorado that owns and operates a geographically diversified portfolio of apartment communities through 20 regional operating centers. Aimco, through its subsidiaries and affiliates, operates 1,256 properties, including approximately 216,400 apartment units. Aimco's properties are located in 46 states, the District of Columbia and Puerto Rico. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500. For more information about Aimco, please visit our web site at http://www.aimco.com/.