CREATING VALUE

ACTIVE DEVELOPMENTS AND REDEVELOPMENTS Over $1 billion of active projects expected to produce >$60 million of annual NOI when stabilized resulting in significant value creation at monetization given a current weighted average market cap rate of 4.3%.[1] Aimco Development and Redevelopment Project Summaries As of 1Q 2022 (dollars in millions) (unaudited) Aimco Owned Properties The Benson Hotel and Faculty Club Upton Place [2] Hamilton on the Bay Subtotal Leased Properties Initial 4 Leased Properties Oak Shore Subtotal Total Direct Investment Number of units approved for development or redevelopment Property Valuation for Leasehold Expected NOI Stabilization Planned 106 $ 689 $ 70.0 260.0 276 95.0 To-Date $ 39.7 87.3 65.1 Remaining $ 30.4 [3] 4Q 2026 172.7 4Q 2026 29.9 3Q 2024 1,071 425.0 192.1 233.0 865 24 469.0 6.1 64.5 58.2 6.3 4Q 2022 4Q 2023 47.1 8.3 38.8 2Q 2025 889 475.1 111.6 66.5 42.1 1,960 $ 475.1 $ 536.6 $ 258.6 $ 278.1 [1] Current weighted average cap rate based on 2H 2021 CBRE cap rates weighted by project level expected NOI at stabilization. [2] Planned direct investment for Upton Place at Aimco's 90% share is $234 million. [3] Timing of stabilization is subject to change and is based on the best estimate at this time. Aimco CREATING 10 VALUE

View entire presentation