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Aimco Strikes $204M Deal to Sell Miami Assets

The company plans on dealing with liabilities and returning capital to shareholders.

Aimco has struck a deal to sell its equity in two real estate properties in Miami, Florida for $204 million.

One of them is for The Hamilton, a 276-unit apartment building. The other is for a development at 3333 Biscayne Boulevard, which sits on 2.8 acres. For the latter sale, the real estate firm said its unnamed joint venture partner purchased its stake for $13.8 million, with the gross valuation sitting at $66.5 million. Aimco did not disclose the buyer for The Hamilton or if there were any others in the deal.

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Anthony Russo

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