Apartment Investment and Management Company ("Aimco") (NYSE: AIV, AIVPrT, AIVPrU, AIVPrV, AIVPrY and AIVPrZ) (FEIN: 84-1259577), in response to recently enacted Internal Revenue Code Section 6045B requirements, announced today that it does not expect any portion of the 2011 dividend payments to represent a return of capital. As in prior years, the 2011 annual dividend tax allocation will be released later in January.

Aimco has posted to its website Internal Revenue Service Form 8937 (Report of Organizational Actions Affecting Basis of Securities) related to the redemption of 862,500 shares of its Class V Cumulative Preferred Stock on September 6, 2011, which may be found at www.aimco.com/investors/tax-information.

Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the 20 largest markets in the United States. Aimco is one of the country's largest owners and operators of both conventional and affordable apartments, with 565 communities serving approximately 500,000 residents in 38 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.

Apartment Investment and Management Company
Elizabeth Coalson, 303-691-4327
Vice President Investor Relations
Elizabeth.Coalson@Aimco.com