Aimco Closes Previously Reported Asset Sales and Announces Special Dividend
Apartment Investment and Management Company (NYSE: AIV) has completed the sale of two Miami properties for $204 million in Q4 2024. The sale included their interest in 3333 Biscayne Boulevard development site and The Hamilton in the Edgewater neighborhood. The transaction resulted in the retirement of $110 million of debt with an 8.6% weighted average rate and generated net proceeds of $90 million.
Following this sale, Aimco's Board has declared a special cash dividend of $0.60 per share, payable on January 31, 2025, to shareholders of record as of January 14, 2025. The company's CEO, Wes Powell, highlighted this as an important milestone, noting the value creation through redevelopment and planning efforts since their initial 2020 investment in the area.
L'Apartment Investment and Management Company (NYSE: AIV) ha completato la vendita di due proprietà a Miami per 204 milioni di dollari nel quarto trimestre del 2024. La vendita includeva il loro interesse nel sito di sviluppo di 3333 Biscayne Boulevard e The Hamilton nel quartiere Edgewater. La transazione ha portato al ritiro di 110 milioni di dollari di debito con un tasso medio ponderato dell'8,6% e ha generato proventi netti di 90 milioni di dollari.
A seguito di questa vendita, il Consiglio di Aimco ha dichiarato un dividendo in contante speciale di 0,60 dollari per azione, pagabile il 31 gennaio 2025, agli azionisti registrati al 14 gennaio 2025. Il CEO dell'azienda, Wes Powell, ha sottolineato questo evento come una pietra miliare importante, rilevando la creazione di valore attraverso gli sforzi di riqualificazione e pianificazione sin dal loro investimento iniziale nel 2020 nella zona.
La Apartment Investment and Management Company (NYSE: AIV) ha completado la venta de dos propiedades en Miami por 204 millones de dólares en el cuarto trimestre de 2024. La venta incluía su interés en el sitio de desarrollo de 3333 Biscayne Boulevard y The Hamilton en el vecindario de Edgewater. La transacción resultó en la amortización de 110 millones de dólares de deuda con una tasa de interés promedio ponderada del 8,6% y generó ingresos netos de 90 millones de dólares.
Tras esta venta, la Junta de Aimco declaró un dividendo en efectivo especial de 0,60 dólares por acción, pagadero el 31 de enero de 2025, a los accionistas registrados a partir del 14 de enero de 2025. El CEO de la compañía, Wes Powell, destacó esto como un hito importante, señalando la creación de valor a través de los esfuerzos de redearrollo y planificación desde su inversión inicial en la zona en 2020.
아파트 투자 및 관리 회사 (NYSE: AIV)는 2024년 4분기에 마이애미의 두 개의 부동산을 2억 400만 달러에 판매했습니다. 판매에는 3333 비스케인 블러바드 개발 부지와 엣지워터 지역의 더 해밀턴에 대한 관심이 포함되었습니다. 이 거래는 1억 1천만 달러의 부채를 평균 8.6%의 가중치 평균 금리로 청산하는 결과를 가져왔으며, 9천만 달러의 순수익을 창출했습니다.
이번 판매 이후, Aimco의 이사회는 주당 0.60달러의 특별 현금 배당금을 선언했으며, 2025년 1월 31일에 2025년 1월 14일 기준 주주에게 지급됩니다. 회사의 CEO인 Wes Powell은 이것을 중요한 이정표로 강조하며, 2020년에 이 지역에 대한 초기 투자 이후 재개발 및 계획 노력 통한 가치 창출을 언급했습니다.
La société Apartment Investment and Management Company (NYSE: AIV) a finalisé la vente de deux propriétés à Miami pour 204 millions de dollars au quatrième trimestre de 2024. La vente comprenait leur intérêt dans le site de développement de 3333 Biscayne Boulevard et The Hamilton dans le quartier d'Edgewater. La transaction a permis le remboursement de 110 millions de dollars de dette à un taux d'intérêt moyen pondéré de 8,6% et a généré des produits nets de 90 millions de dollars.
Suite à cette vente, le conseil d'administration d'Aimco a déclaré un dividende exceptionnel en espèces de 0,60 dollar par action, payable le 31 janvier 2025, aux actionnaires enregistrés au 14 janvier 2025. Le PDG de la société, Wes Powell, a souligné cela comme une étape importante, notant la création de valeur grâce aux efforts de réaménagement et de planification depuis leur investissement initial dans la région en 2020.
Die Apartment Investment and Management Company (NYSE: AIV) hat den Verkauf von zwei Immobilien in Miami für 204 Millionen US-Dollar im vierten Quartal 2024 abgeschlossen. Der Verkauf umfasste ihr Interesse am Entwicklungsstandort 3333 Biscayne Boulevard und The Hamilton im Stadtteil Edgewater. Die Transaktion führte zur Tilgung von 110 Millionen US-Dollar an Schulden mit einem gewichteten durchschnittlichen Zinssatz von 8,6% und generierte Nettoerlöse von 90 Millionen US-Dollar.
Nach diesem Verkauf hat der Vorstand von Aimco eine spezielle Barausschüttung von 0,60 US-Dollar pro Aktie erklärt, die am 31. Januar 2025 an Aktionäre, die am 14. Januar 2025 verzeichnet sind, ausgezahlt wird. Der CEO des Unternehmens, Wes Powell, hob dies als einen wichtigen Meilenstein hervor und betonte die Wertschöpfung durch Umgestaltungs- und Planungsmaßnahmen seit ihrer ersten Investition in der Region im Jahr 2020.
- Sale of Miami properties generated $204 million in gross proceeds
- Retired $110 million of high-interest debt (8.6% rate)
- Special dividend of $0.60 per share announced
- Net proceeds of $90 million from property sales
- Divestment of potentially appreciating Miami real estate assets
Aimco previously stated that it planned to return the net proceeds from these sales to shareholders during the first quarter of 2025. As such, on December 19, 2024, Aimco's Board of Directors declared a special cash dividend in the amount of
"These sales represent an important milestone for Aimco and our shareholders," said Wes Powell, Aimco's President and CEO. "Following our initial investment in
About Aimco
Aimco is a diversified real estate company primarily focused on value add and opportunistic investments, targeting the
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SOURCE Apartment Investment and Management Company (Aimco)
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