AIMCO, with a $3-billion market cap, is the nation's second-largest publicly apartment REIT in the country. It's about half the size of Chicago-based Equity Residential Property Trust headed by Sam Zell.
''We are in the middle of a recession,'' Considine told the group.
But, he says that a typical U.S. recession lasts about 11 months, which he says will mean that the economy will pull out of the current downturn next spring or next summer. He adds the current recession will not be nearly as severe as the one in Denver in the mid-1980s, following the energy crash.
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