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AIMCOApartment Investment Management Company (Columbus, OH)
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AIMCO will own 245,000 units and manage over 390,000 units in 2,164 communities in 48 states, and have a portfolio twice as large as its nearest competitor, allowing its "shareholders to participate in the REIT industry as a dominant player.
Farkas and his top residential management team, including Executive Managing Director Frank Garrison, Chief Operating Officer Ron Uretta and Chief Financial Officer James Aston, will continue to work with AIMCO for at least the next two years, as their stock will be "locked up.
AIMCO's chairman and CEO, Terry Considine, said "Greenville will be reinforced as a hub, to reinforce the properties that AIMCO already owns in that area.