Aimco Partners with Sixth Street to Advance Its Next Luxury Rental Development

MIAMI, Sept. 16, 2024 /PRNewswire/ -- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) today announced it has secured $56 million of preferred equity from leading investment firm Sixth Street for the development of a luxury water-front rental development, located at 560-640 NE 34^th Street in Miami, Florida. Affiliates of Apollo (NYSE: APO) provided $172 million of senior construction financing to support the development. Aimco will serve as the developer and asset manager. 

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