AIMCO Releases Pro Forma Financials Reflecting $490M First Boston Closing Transaction
Apartment Investment & Management Company (AIMCO) has released unaudited pro forma condensed consolidated financial statements reflecting its financial position as of June 30, 2025. These statements incorporate adjustments related to a significant real estate transaction, known as the First Boston Closing, which was part of a larger sale agreement involving five properties across Massachusetts, New Hampshire, and Rhode Island. The First Boston Closing, completed on September 9, 2025, included the sale of four properties for gross proceeds of $490 million. The proceeds were utilized to repay the outstanding balance on AIMCO's revolving credit facility, which was primarily secured by these properties. The pro forma financial statements, filed with the SEC, provide insight into the company's financial adjustments following this transaction but do not represent AIMCO's actual financial condition.
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