Blog Exposure – REIT AIMCO Acquires Bent Tree Apartment Community in Fairfax County, Virginia

Stock Monitor: American Homes 4 Rent Post Earnings Reporting

LONDON, UK / ACCESSWIRE / February 27, 2018 / Active-Investors.com has just released a free research report on Apartment Investment and Management Co. (NYSE: AIV) (“AIMCO”). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=AIV as the Company’s latest news hit the wire. On February 22, 2018, AIMCO announced the acquisition of the Bent Tree apartment community in Fairfax County, Virginia. The property deal is valued approximately $160 million. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is currently working on the research report for American Homes 4 Rent (NYSE: AMH), which also belongs to the Financial sector as the Company Apartment Investment and Management. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=AMH

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Apartment Investment and Management most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=AIV

Details of the acquisition

The acquisition is expected to result in an increase in the Adjusted Funds from Operations at $0.01 per share within 12 months of getting complete ownership of the property. The Company plans to divest some of its properties with lower cash flows from rental income and growth prospects. The proposed divested properties would be of an equivalent amount as that of the current acquisition. However, the Company is yet to identify these apartment communities with lower expected free cash flow internal rates of return (FCF IRR) and would depend on the pricing. The Company expects that the FCF IRR of the current acquisition to be more than 300 bps (basis points) as the compared to the FCF IRR of the properties being considered for divestment to fund the acquisition of Bent Tree.

The Company relied on bank borrowings to complete the acquisition of Bent Tree.

Commenting on the acquisition Terry Considine, Chairman and CEO of AIMCO, said:

“We are pleased to add Bent Tree to the AIMCO portfolio, increasing our exposure to the attractive Fairfax County submarket. Located within commuting distance of downtown D.C. and just minutes from Dulles International Airport, Bent Tree offers residents convenient access to employment while also providing comfortable homes and onsite amenities that support their suburban lifestyle.”

About Bent Tree Apartment Community

The Bent Tree Apartment Community is a property with 748 apartment homes and is located at 13630 Bent Tree Circle, on the western outskirts of Washington, D.C., in suburban Fairfax County, Virginia. Bent Tree is near AIMCO’s two other properties which together have 1,000 apartment homes. The community is within a 16-minute drive to the Dulles International Airport while downtown D.C. is less than 25 miles away. The Bent Tree community has a wide selection of apartments ranging from one bedroom and one bath to three bedrooms and 2 bath options. Bent Tree also has amenities like a swimming pool, a fitness center, a clubhouse, a tennis court, a sand volleyball court, a basketball court, and a playground for kids. The Bent Tree community is also pet friendly and has a pet park. The average rent of these apartments is approximately $1,500 per unit. AIMCO believes that Bent Tree falls under the “B” quality community category and has great potential for higher revenues with renovations and enhancements to the units.

About Apartment Investment and Management Co.

Denver, Colorado-based AIMCO is a REIT (real estate investment trust) and is one of the largest owners and operators of apartment homes in US. It provides apartment homes to nearly 250,000 residents. It has ownership interests in 180 communities in 22 states and the District of Columbia. The Company’s business is focused on four areas – Property Operations, Redevelopment and Development, Acquisitions and Dispositions, and Retail Leasing.

The Company recently promoted two of its key executives on February 23, 2018. Patti Fielding the current Executive Vice President – Debt, and Treasurer of the Company has been promoted to the position of President – AIMCO Investment Partners and would head the Company’s investment partnerships. While, Wes Powell the current Senior Vice President – East Redevelopment has been promoted to the position of Executive Vice President – Redevelopment, and he will lead the Company’s redevelopment activities across the nation.

Stock Performance Snapshot

February 26, 2018 – At Monday’s closing bell, Apartment Investment and Management’s stock was marginally up 0.33%, ending the trading session at $39.01.

Volume traded for the day: 740.35 thousand shares.

After yesterday’s close, Apartment Investment and Management’s market cap was at $6.10 billion.

Price to Earnings (P/E) ratio was at 907.21.

The stock has a dividend yield of 3.90%.

The stock is part of the Financial sector, categorized under the REIT – Residential industry. This sector was up 1.1% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 490843