Aimco Announces Pricing of Common Stock Offering

Apartment Investment and Management Company ("Aimco")

announced today the pricing of its public offering of 11,041,934 shares of its common stock, consisting of 9,000,000 shares to be sold by Aimco and 2,041,934 shares to be sold by selling stockholders. Aimco intends to use the net proceeds from its offering of common stock, along with available cash, to redeem all outstanding shares of its Class U Cumulative Preferred Stock. The offering is expected to close on June 26, 2012, subject to customary conditions.