Aimco is a self-administered, self-managed REIT that historically focused on acquiring, developing, and managing multifamily apartment communities in targeted U.S. markets. Aimco generated revenue primarily through rental income from residents. However, Aimco is no longer operating as a going concern. In November 2025, Aimco's board approved a Plan of Sale and Liquidation, which stockholders ratified in February 2026. Aimco is now selling all its assets, winding down operations, and distributing net proceeds to stockholders. Until each property is sold, Aimco continues to manage its portfolio alongside third-party property managers solely to support an orderly wind-down. Aimco aims to complete the liquidation within 24 months of adopting the plan, as maintaining REIT status through that window allows liquidating distributions to remain free of U.S. federal corporate income tax. Aimco conducts some activities through taxable REIT subsidiaries, which are subject to regular corporate income tax. The board retains the right to modify or abandon the liquidation plan before filing articles of dissolution, though it states no current intention to do so. As of the filing date, Aimco had 50 full-time employees focused on asset management, development, transactional, and corporate functions.