Aimco Promotes Two Top Executives

Apartment Investment and Management Co., Denver has promoted Tim Beaudin to president and chief operating officer and David Robertson to president and chief investment officer. Mr. Beaudin will continue to be responsible for property operations, redevelopment, construction services and information technology. Mr. Robertson also will become chief financial officer effective March 1, 2009, replacing Tom Herzog, who is resigning effective that date. Mr. Herzog will continue in an advisory capacity to Aimco following his departure. The timing of the CFO change is to accommodate the filing of the firm's 10-K form. The moves are being made as part of a management consolidation at the real estate investment trust brought on by the company's reduced scale and scope of activities.