Grosvenor–Strathmore station

Aimco Reports Third Quarter Results, Updates 2023 Guidance, and Provides Highlights on Recent and Planned Activities

Retrieved on: 
Monday, November 6, 2023
REIT, Finance, Professional Services, Residential Building & Real Estate, Construction & Property, Aurora, Documentation, Sale, National Air Communications, Faculty, Parkmerced, San Francisco, Washington Metro, Front Range, National Institute for Occupational Safety and Health, TSR, Russell, Washington, D.C., AIR, Investment, Grosvenor–Strathmore station, Airline, Property management, Aimco

Aimco acquired 1.7 million shares of its common stock during the third quarter 2023 at an average cost of $7.52 per share.

Key Points: 
  • Aimco acquired 1.7 million shares of its common stock during the third quarter 2023 at an average cost of $7.52 per share.
  • Year to date, as of October 31, 2023, Aimco acquired more than 5.3 million shares at an average price of $7.40 per share.
  • Subsequent to quarter end, the Aimco Board of Directors increased the number of shares authorized for repurchase to 30 million, doubling the size of the Board’s previous authorization.
  • As of September 30, 2023, Aimco had five active development and redevelopment projects located in four U.S. markets, in varying phases of construction and lease-up.

Aimco Reports Second Quarter Results, Updates Guidance, and Provides Recent Highlights

Retrieved on: 
Monday, August 7, 2023
Residential Building & Real Estate, Construction & Property, Professional Services, Finance, Aurora, Faculty, Benson, Grosvenor–Strathmore station, Anschutz Medical Campus, University, Parkmerced, San Francisco, Washington Metro, Benson Hotel, National Air Communications, Front Range, National Institute for Occupational Safety and Health, Hamilton, Sale, Children's Hospital Colorado Foundation, Documentation, Rocky Mountains, Investment, AIR, Risk, TSR, Commercial property, Airline, Property management, Aimco

Aimco acquired 1.0 million shares of its common stock during the second quarter 2023 at an average cost of $7.97 per share.

Key Points: 
  • Aimco acquired 1.0 million shares of its common stock during the second quarter 2023 at an average cost of $7.97 per share.
  • Year to date, as of July 31, 2023, Aimco acquired more than 3.1 million shares at an average price of $7.54 per share.
  • During the second quarter, Aimco invested $81.1 million in development and redevelopment activities.
  • In the second quarter 2023, Aimco invested $5.6 million into future development pipeline projects located in Southeast Florida, the Washington D.C. Metro, and Colorado’s Front Range.

Aimco Reports First Quarter Results and Provides Recent Highlights

Retrieved on: 
Thursday, May 4, 2023
Residential Building & Real Estate, Construction & Property, Professional Services, Finance, Aurora, Faculty, Net, Benson, Opportunism, Anschutz Medical Campus, University, AIV, Parkmerced, San Francisco, Washington Metro, Stock dilution, Grosvenor–Strathmore station, 34th Street, National Air Communications, Benson Hotel, Front Range, National Institute of Price Stabilization, Waste Management (company), Hamilton, Sale, Children's Hospital Colorado, U.S. Route 1 in Florida, Broward Boulevard, Documentation, Rocky Mountains, Investment, AIR, Risk, Fortification, NOI, Hamilton Community Foundation, NYSE, TSR, Commercial property, Bank, Security (finance), Property management, Aimco

Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today first quarter results for 2023 and provided highlights on recent activities.

Key Points: 
  • Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today first quarter results for 2023 and provided highlights on recent activities.
  • “The Aimco board and management team remain committed to maximizing and unlocking value for Aimco shareholders.
  • Aimco expects to deliver the first homes in the third quarter with pre-leasing efforts having begun in the first quarter of 2023.
  • Aimco’s operating properties produced solid results for the quarter ended March 31, 2023.

Aimco Provides Recent Highlights and Fourth Quarter Financial Results

Retrieved on: 
Tuesday, February 21, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Aurora, AIR, Waste Management (company), Hamilton Community Foundation, National Institute of Securities Markets, Brickell, University, Investment, Hamilton, NYSE, Partnership, TSR, Risk, Opportunism, AIV, National Air Communications, Stock dilution, Growth, Benson Hotel, Faculty, Washington Metro, Anschutz Medical Campus, Environment, Front Range, Alaska Permanent Fund, Benson, Geography, Children's Hospital Colorado Foundation, Sale, NOI, Grosvenor–Strathmore station, Rocky Mountains, Holding company, Airline, Commercial property, Retail, Natural gas, Renewable energy, Cryptocurrency, Bank, Property management, Fine chemical, Video game, Aimco

Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today fourth quarter and full year results for 2022 and provided highlights on recent activities and an outlook for 2023.

Key Points: 
  • Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today fourth quarter and full year results for 2022 and provided highlights on recent activities and an outlook for 2023.
  • In the fourth quarter, Aimco and its joint venture partner began construction on the 220-apartment home development at Strathmore Square in Bethesda, Maryland.
  • Aimco plans to start pre-leasing Upton’s 689 apartment homes during the summer of 2023 in anticipation of initial delivery in the fourth quarter of 2023.
  • Aimco expects to deliver the first homes in the third quarter with pre-leasing efforts having begun in the first quarter of 2023.

EagleBank Provides Financing for Strathmore Square Development in North Bethesda

Retrieved on: 
Wednesday, February 22, 2023
Gold, Strathmore (Maryland), Aimco, WMATA, Climate change, Yale School of Architecture, EGBN, SVP, Development, Nature, Bethesda, Housing, Region, County council, Culture, London, Maryland Route 355, Amazon, Commercial property, Partnership, Architecture, Yale school, Principal, Grosvenor–Strathmore station, EagleBank, Greater Manchester County Council, LEED, Interior design, Management

BETHESDA, Md., Feb. 22, 2023 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, D.C. area, today announced it will provide $94,000,000 in financing to Aimco and Fivesquares Development, LLC to launch the construction of Phase 1 of Strathmore Square in North Bethesda, Maryland.

Key Points: 
  • BETHESDA, Md., Feb. 22, 2023 (GLOBE NEWSWIRE) -- EagleBank (NASDAQ: EGBN), one of the largest community banks in the Washington, D.C. area, today announced it will provide $94,000,000 in financing to Aimco and Fivesquares Development, LLC to launch the construction of Phase 1 of Strathmore Square in North Bethesda, Maryland.
  • Strathmore Square is located across from the Grosvenor-Strathmore Metrorail Station, at the intersection of Rockville Pike and just north of the Washington D.C. beltway.
  • The unique architecture of the buildings features elegantly terraced buildings with the majority of units having generous balconies and views of Rock Creek Park or the new central square.
  • "North Bethesda is a vibrant, fast-growing community with a rich culture,” said Ryan Riel, Executive Vice President and Chief Real Estate Lending Officer at EagleBank.

Experience Senior Living reveals high-luxury development coming to Strathmore Square

Retrieved on: 
Thursday, September 8, 2022
Strathmore (Maryland), Grosvenor–Strathmore station, Culture, Learning, Quality of life, Metro, Housing, Rock Creek Park, ESL, Massage, Western Reserve Historical Society, Nightclub

DENVER, Sept. 8, 2022 /PRNewswire/ -- Experience Senior Living (ESL) reveals plans for a luxury senior living community coming to the highly anticipated Strathmore Square in Bethesda, Md. The seasoned senior housing developer plans to break ground in Q4 2023 on The Reserve at Strathmore Square -- a 26-story, 300,000-square-foot development with 240 units offering independent living, assisted living and memory care. Located in north Bethesda at the Grosvenor-Strathmore Red Line Metro station between the Metro parking garage and historic Rock Creek Park, The Reserve at Strathmore Square will provide housing catered specifically to seniors.

Key Points: 
  • 240 units of independent living, assisted living & memory care will be included in the arts-centric Bethesda master-planned community
    DENVER, Sept. 8, 2022 /PRNewswire/ -- Experience Senior Living (ESL) reveals plans for a luxury senior living community coming to the highly anticipated Strathmore Square in Bethesda, Md.
  • The seasoned senior housing developer plans to break ground in Q4 2023 on The Reserve at Strathmore Square -- a 26-story, 300,000-square-foot development with 240 units offering independent living, assisted living and memory care.
  • Experience Senior Living is a full-service, vertically integrated owner-operator of active adult, independent living, assisted living, and memory care communities.
  • Experience Senior Living is based in Denver, with communities either active or under development in six states: Colorado, Florida, Indiana, Ohio, Virginia, and Washington.