Aimco Gives Major Contribution to Scholarship Fund

WASHINGTON, Nov. 7, 2013 /PRNewswire-FirstCall/ -- Students who live in affordable, subsidized housing will have the opportunity to pursue their dreams of higher education through a scholarship fund that received a donation of $160,000 from Apartment Investment and Management Company (Aimco).   Aimco's donation is a result of the proceeds raised during the company's 10^th Annual Aimco Cares Golf Classic sponsored by its philanthropic arm, Aimco Cares, and presented by RE/MAX. 

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Members of Aimco's Washington, D.C. Team joined Aimco Director of Communications Cindy Duffy and major sponsors of the golf tournament to present the contribution to Denise Muha, Executive Director of the National Leased Housing Association, for the NLHA Education Fund.  The Fund provides tuition assistance through the Aimco Cares Opportunity Scholarship and several other award categories.  The check presentation took place during the recent NLHA Fall Seminar at the Washington, D.C. Marriott.  

"We are so proud of our partnership with NLHA, and the opportunity to have helped more than 100 amazing young men and women in the last four years through the Education Fund and the Aimco Cares Opportunity Scholarship.  While they come from diverse backgrounds and circumstances, these promising students all share the dream of earning a college degree," said Patti Shwayder, Aimco Senior Vice President of Government Relations and Communications.  "The Aimco Cares Opportunity Scholarship is an important component of Aimco's corporate citizenship efforts, and it reflects our culture of creating moments that matter for these deserving students."

The scholarships are awarded based on financial need, scholastic merit, community leadership and volunteerism. 

"NLHA is so grateful to Aimco for its generous support of our organization and our goal of making educational opportunities accessible to students in affordable housing across the country," said Muha. "The scholarship program makes a critical difference in whether a student in affordable housing can go to college.  Aimco helps us make these opportunities possible and we applaud its ongoing commitment to the Education Fund." 

More than 120 golfers participated in this year's tournament with 94 companies providing sponsorships. Diamond Sponsors, contributing $30,000 or more, were Apartment Guide/Rent.com, Institutional Property Advisors (IPA), and Cognizant.  Platinum Sponsors, contributing $20,000 or more, were Apartment Finder, CBRE, Harris Winick, LLP, and Jones Lang LaSalle.  Gold Sponsors, contributing $10,000 or more, were Alston + Bird,  ARA, Ballard Spahr, LLP, Bryan Cave, Brownstein Hyatt Farber Schreck, Cohn Reznick, Conservice, Cushman & Wakefield,  Karndean Design Flooring, Kutak Rock LLP, Lockton, Moen, Moran & Company, Quantum, RealPage, Transwestern, Tryba Architects, and Wilmar. 

This year's tournament co-beneficiaries are the Tragedy Assistance Program for Survivors, which provides a network of support services for families who have lost a loved one in the line of duty, and Project Sanctuary, a nonprofit that helps military personnel reconnect with their families when they return from military service. 

Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with 252 communities in 23 states, the District of Columbia and Puerto Rico.  Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.

The NLHA Education Fund was established as a 501(c) (3) organization to raise funds for the purpose of awarding education grants and scholarships to low income individuals residing in federally assisted rental housing owned, managed, or administered by members of the National Leased Housing Association. The National Leased Housing Association (NLHA) is nonprofit organization dedicated to the development and preservation of decent and safe affordable rental housing.

SOURCE Aimco