Investor Presentaiton
WHY INVEST IN AIMCO?
Bay Parc
Miami, FL
Best-in-Class Operations: Lower resident turnover through
intentional focus on customer selection and satisfaction drives peer-
leading margins.
Paired-Trade Capital Allocation Discipline: Aimco adheres to a
disciplined paired-trade strategy comparing expected unlevered returns
on each of its capital allocation uses to the expected unlevered costs of
capital.
Aimco invests up to 3% of its GAV at FCF IRRS of ~10% annually in
repositioning existing properties and constructing new ones, adding
on average, $0.40 to Net Asset Value for every dollar invested in the
last 5 years.
Since 2016, notwithstanding a fully priced market, Aimco has made
$1.4B of opportunistic acquisitions where Aimco had a comparative
"advantage" that provided outsized value creation.
O Indigo, Palazzo (reacquisition of 47% interest from JV partner),
Bent Tree Apartments, Philadelphia portfolio, Avery Row,
Cambridge development, and 1001 Brickell Bay Drive;
These acquisitions, funded with paired trade sales, increased
expected FCF IRR by ~300 bps.
Geographically Diversified: Targeting 12 of the largest markets in
the nation.
Safe and Flexible Balance Sheet: Aimco is the only REIT in its
peer group that primarily uses safe, non-recourse, property level
financing while maintaining an investment grade rating as confirmation
of the safety of its balance sheet.
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