CREATING VALUE

VALUE ADD & OPPORTUNISTIC REAL ESTATE As of today, Aimco has made valuable investments or commitments totaling over $800M. These 'seeds' are expected to grow substantially in value over the next five-year period and create substantial value for shareholders. Over the coming years, additional seeds will be planted that will mature and create substantial value in 2026 and beyond. EXPECTED PROFIT (millions) $200 $150 $100 $50 YE 2020 YE 2021 YE 2022 YE 2023 YE 2024 YE 2025 YE 2026 INITIAL LEASED ASSETS PARKMERCED HAMILTON'S ON THE BAY REDEVELOPMENT THE BENSON OAK SHORE Aimco CREATING VALUE UPTON PLACE 18

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