4 unchanged sentences
Aimco may also issue shares of common stock in exchange for limited partnership interests in consolidated real estate partnerships.
−Removed: During the three months ended March 31, 2022, Aimco issued approximately 23,000 shares of common stock in exchange for OP Units in these transactions.
+Added: During the three months ended June 30, 2022, Aimco issued approximately 16,000 shares of common stock in exchange for OP Units in these transactions.
Such shares were issued in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended.
4 unchanged sentences
These repurchases may be made from time to time in the open market or in privately negotiated transactions.
−Removed: In January 2022, we repurchased 202,400 shares of Aimco Class A common stock at a weighted average price of $6.49 per share, in accordance with our share repurchase authorization.
−Removed: As of March 31, 2022, up to 10.2 million shares remained available under the share repurchase authorization.
+Added: In January 2022, we repurchased 202,400 shares of Aimco Class A common stock at a weighted-average price of $6.49 per share.
+Added: During the quarter ended June 30, 2022, we repurchased an additional 539,764 shares at a weighted-average price of $5.73 per share.
+Added: As of June 30, 2022, up to 9.7 million shares remained available under the share repurchase authorization.
+Added: On July 27, 2022, Aimco's Board replaced all prior share repurchase authorizations with a new authorization to repurchase up to 15.0 million shares of Aimco's outstanding common stock, subject to certain customary limitations, which may be made from time to time in the open market or in privately negotiated transactions.
Aimco Operating Partnership
Unregistered Sales of Equity Securities
−Removed: Aimco Operating Partnership did not issue any unregistered OP Units during the three months ended March 31, 2022.
+Added: Aimco Operating Partnership did not issue any unregistered OP Units during the three months ended June 30, 2022.
Repurchases of Equity Securities
Aimco Operating Partnership’s Partnership Agreement generally provides that after holding common OP Units for one year, limited partners other than Aimco have the right to redeem their common OP Units for cash or, at our election, shares of Aimco Common Stock on a one-for-one basis (subject to customary antidilution adjustments).
−Removed: During the three months ended March 31, 2022, approximately 23,000 of common OP Units were redeemed in exchange for shares of Common Stock.
+Added: During the three months ended June 30, 2022, approximately 16,000 common OP Units were redeemed in exchange for shares of Common Stock.
During the same period, approximately 1,000 common OP Units were redeemed in exchange for cash at an average price of $7.15.
7 unchanged sentences
and other uses of cash, such as deleveraging and accretive investment activities.
−Removed: Aimco plans to reinvest earnings to facilitate growth and, therefore, does not presently intend to pay a regular quarterly cash dividend.
+Added: On July 27, 2022, the Aimco Board declared a special cash dividend of $0.02 per share, payable on September 30, 2022, to shareholders of record on September 14, 2022.
The following exhibits are filed with this report:
4 unchanged sentences
Amended and Restated Agreement of Limited Partnership of Aimco OP L.P., effective as of December 14, 2020 (Exhibit 10.1 to Aimco’s Current Report on Form 8-K, dated December 15, 2020, is incorporated herein by this reference)
+Added: Amendment to Master Leasing Agreement by and between Apartment Income REIT L.P.
+Added: and Aimco Development Company, LLC, dated as of May 19, 2022 (Exhibit 1.1 to Aimco's Current Report on Form 8-K, dated as of May 25, 2022, is incorporated herein by this reference)
+Added: Termination of Master Lease Agreements, dated as of June 17, 2022, by and among (i) MCZ/Centrum Flamingo II, L.L.C., AIMCO 50 Rogers Street, L.L.C., AIMCO Leahy Square Apartments, LLC, and Aimco Fitzsimons 3A Lessor, LLC;
+Added: (ii) Flamingo North Lessee, LLC, Prism Lessee, LLC, 707 Leahy Lessee, LLC, and Fremont Lessee LLC;
+Added: (iii) Aimco OP L.P.;
+Added: and (iv) Apartment Income REIT, L.P.
+Added: (Exhibit 1.1 to Aimco's Current Report on Form 8-K, dated June 14, 2022, is incorporated herein by this reference)
+Added: Amendment to Mezzanine Note Agreement and Notes, dated as of June 17, 2022, by and among Aimco JO Intermediate Holdings, LLC, Apartment Income REIT, L.P.
+Added: (f/k/a AIMCO Properties, L.P.) and AIR/Bethesda Holdings, Inc.
+Added: (f/k/a AIMCO/Bethesda Holdings, Inc.) (Exhibit 1.2 to Aimco's Current Report on Form 8-K, dated June 14, 2022, is incorporated herein by this reference)
+Added: Amendment to Master Leasing Agreement by and between Apartment Income REIT, L.P.
+Added: and Aimco Development Company, LLC, dated as of June 14, 2022, (Exhibit 1.3 to Aimco's Current Report on Form 8-K, dated June 14, 2022, is incorporated herein by this reference)
Certification of Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 –
9 unchanged sentences
Aimco Operating Partnership
−Removed: The following materials from Aimco’s and Aimco Operating Partnership’s combined Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022, formatted in iXBRL (Inline Extensible Business Reporting Language):
+Added: The following materials from Aimco’s and Aimco Operating Partnership’s combined Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022, formatted in iXBRL (Inline Extensible Business Reporting Language):
(i) condensed consolidated balance sheets;
11 unchanged sentences
Executive Vice President and Chief Financial Officer
+Added: August 4, 2022
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.