Aimco Announces New Roles for Two Key Executives

DENVER--()--Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today that 21-year Aimco veteran Patti Fielding, Executive Vice President: Debt, and Treasurer, has also been named President, Aimco Investment Partners. After three successful years leading the Aimco redevelopment team, Ms. Fielding is returning to capital markets to head Aimco’s investment partnerships. Her 14-year Aimco teammate, Wes Powell, Senior Vice President: East Redevelopment for the past five years, has been promoted to Executive Vice President, Redevelopment, and will lead Aimco redevelopment activities nationwide.

“Patti has enjoyed a long and decorated career as a senior executive at Aimco, most recently leading our important redevelopment business”

“Patti has enjoyed a long and decorated career as a senior executive at Aimco, most recently leading our important redevelopment business,” said Terry Considine, Aimco Chairman/CEO. “Patti embraced her Redevelopment responsibilities and did an excellent job. I am grateful for her many contributions and I’m delighted that Patti will now turn her considerable talents to sourcing investment capital. For ten years, Patti was the able steward of our highly successful partnership with J.P. Morgan Asset Management. Earlier, Patti was a leader on the Aimco team in other joint ventures with such partners as CalSTRS and GE Capital. She is well prepared for her new responsibilities.” Mr. Considine continued, “Of Patti’s many accomplishments in Redevelopment, the most important may prove to be her nurturing of a deep and talented bench. The promotion of Wes will make for a seamless transition. Wes has been a rising star for 14 years. He is a respected and trusted teammate.”

At Aimco, Ms. Fielding has served as chairman of Aimco’s investment committee. Ms. Fielding was appointed Executive Vice President — Securities and Debt in February 2003, and Treasurer in January 2005. From January 2000 to February 2003, Ms. Fielding served as Senior Vice President — Securities and Debt. Ms. Fielding joined the Company as a Vice President in February 1997.

In addition to his redevelopment responsibilities, Mr. Powell is responsible for Aimco acquisition activities in the eastern United States, most recently leading Aimco’s acquisition of Bent Tree, a 748 unit property in suburban Fairfax County, VA. Since joining Aimco in January 2004, Mr. Powell has assumed steadily increasing responsibilities including Asset Manager, Director, and Vice President, Redevelopment: Chicago. Before joining Aimco, Mr. Powell was a Staff Architect with Ai Architecture (now Perkins & Will) in Washington, D.C.

About Aimco

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located in select markets in the United States. Aimco is one of the country’s largest owners and operators of apartments, with ownership interests in 180 communities in 22 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.

Contacts

Apartment Investment and Management Company
Lynn Stanfield
Senior Vice President, Finance
(303) 793-4661
investor@aimco.com

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