Apartment Investment and Management Company (NYSE:AIV), or Aimco as the real estate investment trust (REIT) is popularly known, has recently completed its secondary offering of approximately 11.8 million shares, including the partial exercise of the over-allotment option by the underwriters. Citigroup Inc. (NYSE:C) acted as the sole book-running manager for the offering.
Aimco raised net proceeds of about $318 million from the equity offer. The company intends to utilize about $150 million of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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