Aimco Named Leader for Quality Affordable Housing

DENVER, April 8 /PRNewswire-FirstCall/ -- Apartment Investment and Management Company (Aimco) (NYSE: AIV), one of the nation's largest owners and operators of apartment communities, received the 2009 Communities of Quality Program Award from the National Affordable Housing Management Association (NAHMA), a leading affordable housing advocacy organization representing multifamily owners and management companies.

For the third consecutive year, Aimco was recognized for having the nation's greatest number of multifamily communities that have earned NAHMA's "Communities of Quality®" (COQ) certification for excellence in affordable property management, customer service, personnel performance and other areas. The award was formally presented to Aimco at NAHMA's annual meeting in Washington, D.C.

Aimco has 114 apartment communities that have earned recognition as a COQ, a designation earned by achieving high ratings for outstanding physical surroundings, resident service and management practices. "Maintaining a portfolio of the largest number of Communities of Quality for the third year in a row is a significant achievement," said Kris Cook, NAHMA Executive Director. "Aimco is a leader in the affordable housing industry, continuing to provide high quality apartment homes for thousands of low-income residents across the country."

"We are honored to receive NAHMA's recognition, which reflects our mission of meeting the need for quality affordable housing," said Tony D'Alto, Executive Vice President for Operations. "Our dedicated team members are most deserving of this award. They have a deep commitment to providing excellent customer service and to creating an outstanding living environment for our residents."

A real estate investment trust headquartered in Denver, Colorado Aimco owns or manages 870 apartment properties with approximately 136,000 apartment units serving nearly 500,000 residents each year. Aimco properties are located in 44 states, Washington, D.C., 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 http://www.aimco.com.

The National Affordable Housing Management Association is the leading voice for affordable housing management, advocating on behalf of multifamily property managers and owners whose mission is to provide quality affordable housing. As an advocate for professional standards for affordable housing providers, NAHMA holds a unique position in the industry. Founded in 1990, NAHMA's membership today includes the industry's most distinguished multifamily managers, owners, and industry stakeholders. For more information, visit NAHMA at http://www.nahma.org.

SOURCE Aimco