Aimco Investor Calls For Shareholder Vote On $10B Co. Split

Law360 (September 29, 2020, 10:22 PM EDT) -- An activist investor in Apartment Investment and Management Co. urged fellow shareholders Tuesday to join it in calling for a special meeting on the residential real estate company's plan to split the business in two and create a $10 billion real estate investment trust.

Land & Buildings Investment Management LLC urged fellow shareholders in Denver-based Aimco to seek a special meeting to vote on a nonbinding resolution in regard to Aimco's plans to divide its real estate investment trust side and its work on the development and redevelopment of apartment complexes into two publicly traded companies.

"Given the extraordinary appetite by private...

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