Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) provided today details of year-to-date leasing activity as follows:
|Renewal rent increases||5.3%||6.1%|
|New lease rent increases||2.1%||2.5%|
|Weighted average rent increases||3.8%||4.2%|
|Average daily occupancy||95.3%||95.4%|
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 265 communities in 24 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.