On August 5, 2025, AIMCO entered into a purchase and sale agreement to sell five properties in Massachusetts, New Hampshire, and Rhode Island for $740 million.
The first closing of the Boston Portfolio on September 9, 2025, generated $490 million in gross sales proceeds.
AIMCO declared a special cash dividend of $2.23 per share from the proceeds of the first Boston Portfolio closing.
Property Sale
Selling five properties in the Boston Portfolio for $740 million.
First Closing Details
First closing on September 9, 2025, realized $490 million in sales proceeds.
Special Cash Dividend
Declared a special cash dividend of $2.23 per share from the first Boston Portfolio closing proceeds.
Classification as Discontinued Operation
The sale meets criteria under ASC 205-20 to be classified as a discontinued operation.
Pro Forma Financials
Prepared pro forma financial statements reflecting the impact of the Boston Portfolio sale.
- The sale of the Boston Portfolio represents a strategic shift with significant effects on AIMCO's operations and financial results.
- The company will classify the Boston Portfolio as a discontinued operation starting from the quarter ended September 30, 2025.
The sale of the Boston Portfolio and the declaration of a special cash dividend mark significant milestones for AIMCO, impacting its financial structure and operations.