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" ... In December 2020, Aimco (AIV), a Denver-based developer and redeveloper of apartment communities, separated its development and investing activities by spinning off the latter as AIRC. The resultant real estate investment trust (REIT) owns 93.5% of a portfolio of 98 “stabilized” properties totaling 26,599 apartment homes across a number of large markets, including Los Angeles, Washington, D.C., Philadelphia, Boston and Miami. ... "