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An Aimco holding

DENVER–Apartment Investment and Management Co. has closed the previously announced sale of its Asset Management portfolio and four affordable apartment communities to Related Cos.’ affordable division for $590 million. With this sale, Aimco completes the exit from its affordable housing line of business.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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