Land & Buildings has monitored Apartment Investment and Management Company (“Aimco”, “AIV” or the “Company”) for decades and believes there is tremendous value trapped in AIV shares. Despite our sincere efforts to engage constructively with the Company’s Board of Directors and management team, both pre and post-Spin, regarding our concerns and the opportunities that we believe are available to drive value, Aimco has been unwilling to address the level of change that we believe is required to put the Company on a better path forward to maximize value for all shareholders.

We are therefore seeking your support to elect two Land & Buildings nominees at the upcoming 2022 Aimco Annual Meeting. We believe these candidates collectively bring relevant industry, leadership, financial, and corporate governance experience into the boardroom to help instill a sorely needed culture of accountability at Aimco that can drive improved performance and governance