SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) FEBRUARY 26, 1999
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
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(Exact name of registrant as specified in its charter)
MARYLAND 1-13232 84-1259577
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation or
organization)
1873 SOUTH BELLAIRE STREET, SUITE 1700, DENVER, CO 80222-4348
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 757-8101
NOT APPLICABLE
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(Former name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
On February 26, 1999, Apartment Investment and Management Company,
a Maryland corporation ("AIMCO"), consummated the merger (the "Merger") of
Insignia Properties Trust, a Maryland real estate investment trust ("IPT"),
with and into AIMCO. The press release of AIMCO, attached hereto as
Exhibit 99.1, relating to the consummation of the Merger, is incorporated
herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits.
The following exhibit is filed with this report:
Exhibit
Number Description
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99.1 Press Release of AIMCO, dated February 26, 1999.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
APARTMENT INVESTMENT AND
MANAGEMENT COMPANY
Date: March 1, 1999 By: /s/ Patrick J. Foye
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Patrick J. Foye
Executive Vice President
EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release of AIMCO, dated February 26, 1999.
EXHIBIT 99.1
APARTMENT INVESTMENT AND MANAGEMENT COMPANY ANNOUNCES COMPLETION OF MERGER
WITH INSIGNIA PROPERTIES TRUST
DENVER, COLORADO, March 1, 1999 (NYSE: AIV) -- Apartment Investment
and Management Company ("AIMCO") announced that AIMCO completed its
previously announced merger with Insignia Properties Trust ("IPT") (AMEX:
FFO) on February 26, 1999. Under the terms of the merger agreement, each
IPT share has been converted into the right to receive 0.3601 shares of
AIMCO Common Stock. Letters of transmittal regarding the procedures to
exchange IPT shares for AIMCO Common Stock will be sent to former IPT
shareholders in the near future. As a result of the merger, IPT shares
will no longer be listed on the American Stock Exchange.
AIMCO is a real estate investment trust with headquarters in Denver,
Colorado and 36 regional operating centers, which holds a geographically
diversified portfolio of apartment communities. AIMCO, through its
subsidiaries, operates approximately 2,150 properties, including
approximately 380,000 apartment units, and serves approximately one million
residents. AIMCO's properties are located in 49 states, the District of
Columbia and Puerto Rico.
Contact: Leeann Morein, Senior Vice President - Investor Services,
(303) 757-8101, E-mail: [email protected], Web Site: http://www.aimco.com
