Financial Astrology of Apartment Investment and Management Company

FINANCIAL ASTROLOGY

First Trade Date for Apartment Investment and Management Company

Company Name	First Trade Date (yyyy-mm-dd)
Apartment Investment and Management Company	1994-07-22

Company Name	Symbol
Apartment Investment and Management Company	AIV
History and Business of Company (this information may include date of incorporation)
Apartment Investment and Management Company, or AIMCO, is a Maryland corporation incorporated on January 10, 1994. We are a self-administered and self-managed real estate investment trust, or REIT, engaged in the acquisition, ownership, management and redevelopment of apartment properties. As of December 31, 2002, we owned or managed a portfolio of 1,788 apartment properties (individually a "property" and collectively the "properties") containing 318,152 apartment units located in 47 states, the District of Columbia and Puerto Rico. Based on apartment unit data compiled by the National Multi Housing Council, as of December 31, 2002, we were the largest owner and operator of apartment properties in the United States. We serve approximately one million residents per year. As of December 31, 2002, we: • owned a controlling equity interest in 187,506 apartment units in 728 properties (which we refer to as "consolidated"); • owned a non-controlling equity interest in 73,924 apartment units in 511 properties (which we refer to as "unconsolidated"), of which 64,937 apartment units were managed by us; and • provided services or managed, for third party owners, 56,722 apartment units in 549 properties, primarily pursuant to long-term agreements (includes 45,187 apartment units in 448 properties that are asset managed only, and not also property managed). AIMCO is the sole general partner of, and through our wholly owned subsidiaries, AIMCO-GP, Inc. and AIMCO-LP, Inc., owns a majority interest in, AIMCO Properties, L.P., which we refer to as the AIMCO Operating Partnership. As of December 31, 2002, AIMCO held an approximate 89% ownership interest in the AIMCO Operating Partnership. AIMCO conducts substantially all of its business and owns substantially all of its assets through the AIMCO Operating Partnership. Interests in the AIMCO Operating Partnership that are held by limited partners other than AIMCO are referred to as "OP Units." Holders of common OP Units may redeem such units for cash or, at AIMCO's option, AIMCO Class A Common Stock, which we refer to as Common Stock. Except as the context otherwise requires, "we," "our," "us" and the "Company" refer to AIMCO, the AIMCO Operating Partnership and AIMCO's consolidated corporate subsidiaries and consolidated real estate partnerships, collectively. At December 31, 2002, 93,769,996 shares of our Common Stock were outstanding. At December 31, 2002, the AIMCO Operating Partnership had 12,061,259 common OP Units and equivalents outstanding. At December 31, 2002, a combined total of 105,831,255 shares of Common Stock and OP Units were outstanding (excluding preferred OP Units). Effective March 3, 2003, our principal executive offices were moved to 4582 South Ulster Street Parkway, Suite 1100, Denver, Colorado 80237. Our telephone number is (303) 757-8101. We make all of our filings with the Securities and Exchange Commission available free of charge as soon as reasonably practicable through our website at www.aimco.com. The information contained on our website is not incorporated into this Annual Report. Our Common Stock is listed on the New York Stock Exchange under the symbol "AIV."

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