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AIMCO Announces Net Rental Income for Same Store Portfolio

DENVER-The company says that in September its 598 same store portfolio had an average occupancy of 92.8%.

By John Rebchook | Updated on October 10, 2003

DENVER-Denver-based Apartment Investment and Management Co. says that in September its “same store” properties had an average occupancy of 92.8% and average monthly rents per unit of $713.

The same store portfolio includes 598 communities with a total of 164,578 units, in which AIMCO has a weighted average ownership of 82.3%.Total net rental income from the portfolio was $89.6 million, the same level as September 2002, when the average rent per unit was $708 and the average occupancy rate was 93.5%.

The portfolio had a net reduction of 12 properties, with an aggregate of 3,285 units compared with August.

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