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Aimco Sees ‘Blue Skies Coming’ as Apartment Revenue Drops

With Its Suburban Portfolio Stabilizing, Denver REIT Is Optimistic About Pandemic Recovery

Hamilton on the Bay, a 28-story, 271-unit apartment tower in Miami, was one of the few purchases Aimco made in the third quarter. It paid $81 million for the 36-year-old property. (CoStar)
Hamilton on the Bay, a 28-story, 271-unit apartment tower in Miami, was one of the few purchases Aimco made in the third quarter. It paid $81 million for the 36-year-old property. (CoStar)

(Updated Nov. 2 to accurately describe Aimco’s plans to divide itself into two separate companies and to clarify comments from Peter Siciliano, an analyst for Fitch Ratings.)

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