Aimco Enters Agreement to Sell Chicago Apartment Portfolio for $455 Million, Closing Scheduled for Q1 2026 - Apartment Inv & Mgmt (NYSE:AIV)

Aimco sells Chicago portfolio for $455M

LaTerra Capital Management and Respark Residential bought the seven properties as the REIT continues to liquidate.

Aimco Enters Agreement to Sell Chicago Apartment Portfolio for $455 Million, Closing Scheduled for Q1 2026

DENVER, Dec. 15, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") has entered into a definitive agreement with LaTerra Capital Management, LLC (an affiliate of LaTerra Development), in partnership with Respark Residential, LLC, to sell its portfolio of seven…

Aimco Enters Agreement to Sell Chicago Apartment Portfolio for $455 Million, Closing Scheduled for Q1 2026 - Apartment Inv & Mgmt (NYSE:AIV)

DENVER, Dec. 15, 2025 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") has entered into a definitive agreement with LaTerra Capital Management, LLC (an affiliate of LaTerra Development), in

LaTerra and Respark Under Contract with AIMCO to Acquire 7-Property Chicago Multifamily Portfolio for $455M

LaTerra Capital Management (an affiliate of LaTerra Development), in partnership with Respark Residential, is under contract with AIMCO (NYSE: AIV) to acquire a 1,495-unit, seven-property multifamily portfolio located across key Chicago suburban submarkets including the cities of Evanston, Lombard and Elmhurst. This transaction represents a strategic partnership between LaTerra and Respark, combining LaTerra’s vertically integrated […] The post …

Aimco to sell Chicago multifamily portfolio to LaTerra and Respark for $455M

The sale comes out to about $304,000 per unit, and net proceeds for Aimco are expected to be $160 million.

Nearly 1,500-Unit Chicago Multifamily Portfolio Set To Sell For $455M

A joint venture between LaTerra Capital Management and Respark Residential is under contract with Denver-based Apartment Investment and Management Co., also known as Aimco, to acquire a seven-property Chicago multifamily portfolio in a massive deal worth $455M. The 1,495-unit portfolio includes all of Aimco's publicly listed assets in and around the city: two properties in Elmhurst, two in Lombard and one each in Evanston, Rolling Meadows and Ch…