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Aimco OP Sells Chicago Portfolio for $455M

Closed
Real Estate ServicesIllinoisDivestiture

Deal Overview

Aimco OP L.P. entered into a purchase and sale agreement on December 10, 2025 to sell seven properties in the Chicago metro area for $455.0 million. On March 27, 2026, the company completed the Chicago Portfolio sale for gross proceeds of $455.0 million.

In connection with the sale, the purchaser assumed $282.5 million of non-recourse property debt. Aimco OP determined the transaction qualifies as a discontinued operation under ASC 205-20 and will account for the Chicago Portfolio as discontinued operations starting with its Form 10-Q for the quarter ended March 31, 2026.

Key Details

Target
Aimco OP
Deal Size
Over $100M
Reported Value
$455.0 million

Filed under

Source

Read full article on sec.gov

via SEC EDGAR — 8-K · March 30, 2026

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