CREATING VALUE

REAL ESTATE TARGET REGIONS Aimco generally seeks to make new investments that are physically located no more than 300 miles or 2.5 hours travel time from a regional Aimco office. CHARACTERISTICS: . High barriers to entry (supply constrained markets) Value-add through physical improvements (development or redevelopment) and enhanced operations AIMCO EXPECTS TO TARGET OPPORTUNITIES WITHIN THE FOLLOWING REGIONS: • Boston • New York City • Washington DC • Florida • • Rocky Mountain West Northern California Southern California Aimco Regional Office Aimco Satellite Office Aimco CREATING VALUE 12

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