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Aimco Sells Chicago Multifamily Portfolio for $455 Million

Company: 

AIMCO

Apartment Investment and Management Co. (Aimco) sold a seven-property Chicago multifamily portfolio for $455 million as part of its plan to liquidate its remaining assets. LaTerra Capital Management and Respark Residential acquired the 1,495-unit property.

The sale followed Aimco’s $740-million disposition of its Boston portfolio and the $520-million sale of its Brickell assemblage in Miami. The company launched a strategic review in early 2025, evaluating a potential sale of the entire company or major portions of the business. Aimco’s board determined that an orderly sale of its remaining assets would provide the greatest potential value to shareholders.

The Chicago transaction represented another step in Aimco’s transition from an operating multifamily company to an asset liquidation strategy.

These are some of the reasons why the Aimco Chicago portfolio sale was selected to receive ApartmentBuildings.com’s AB 100 Transaction of the Year Award, which recognizes those who demonstrate creativity, skill and success in the multifamily industry.

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