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EXHIBIT 23.1
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the caption "Experts" in the
Registration Statement on Form S-4 and related Prospectus of Apartment
Investment and Management Company for the registration of up to 2,415,040 and
4,000,000 shares of its Class A common stock and Class P Convertible Cumulative
Preferred Stock, respectively, and to the incorporation by reference therein of
our reports (i) dated January 20, 2000, with respect to the consolidated
financial statements and schedule of Apartment Investment and Management
Company included in its Annual Report on Form 10-K for the year ended December
31, 1999; (ii) dated November 19, 1999, with respect to the combined historical
summary of gross income and direct operating expenses of the Regency Windsor
Apartment Communities for the year ended December 31, 1998 included in Current
Report on Form 8-K of Apartment Investment and Management Company dated December
15, 1999; and (iii) dated October 8, 1999, with respect to the combined
historical summary of gross income and direct operating expenses of the Dreyfuss
Apartment Communities for the year ended December 31, 1998 included in Current
Report on Form 8-K of Apartment Investment and Management Company dated December
15, 1999, all filed with the Securities and Exchange Commission.
/s/ ERNST & YOUNG LLP
Denver, Colorado
November 27, 2000
