926660--3/4/2008--AIMCO_PROPERTIES

related topics

{provision, law, control}

{debt, indebtedness, cash}

{cost, contract, operation}

{investment, property, distribution}

{cost, regulation, environmental}

{acquisition, growth, future}

{loan, real, estate}

{regulation, change, law}

{regulation, government, change}

{personnel, key, retain}

{operation, natural, condition}

{loss, insurance, financial}

Redevelopment and construction risks could affect our profitability. If we are not successful in our acquisition of properties, our results of operations could be adversely affected. Our existing and future debt financing could render us unable to operate, result in foreclosure on our properties or prevent us from making distributions on our equity. Increases in interest rates would increase our interest expense. Covenant restrictions may limit our ability to make payments to our investors. Competition could limit our ability to lease apartments or increase or maintain rents. We depend on distributions and other payments from our subsidiaries that they may be prohibited from making to us. Because real estate investments are relatively illiquid, we may not be able to sell properties when appropriate. We may be subject to litigation associated with partnership acquisitions that could increase our expenses and prevent completion of beneficial transactions. We are self-insured for certain risks and the cost of insurance, increased claims activity or losses resulting from catastrophic events may affect our operating results and financial condition. We depend on our senior management. Government housing regulations may limit the opportunities at some of our properties and failure to comply with resident qualification requirements may result in financial penalties and/or loss of benefits. Laws benefiting disabled persons may result in our incurrence of unanticipated expenses. Potential liability or other expenditures associated with potential environmental contamination may be costly. Moisture infiltration and resulting mold remediation may be costly. As a REIT, Aimco is subject to substantial risks related to its compliance with tax laws. Limits on ownership of Aimco s shares in Aimco s charter may result in the loss of economic and voting rights by purchasers that violate those limits. Aimco s charter and Maryland law may limit the ability of a third party to acquire control of Aimco. Maryland business statutes may limit the ability of a third party to acquire control of Aimco.

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926660--3/4/2008--AIMCO_PROPERTIES_LP