8-K

UNITED STATES

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) August 8, 2012

_____________________________________________

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

(Exact name of registrant as specified in its charter)

_____________________________________________

MARYLAND	1-13232	84-1259577
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation or organization)	File Number)	Identification No.)

4582 SOUTH ULSTER STREET

SUITE 1100, DENVER, CO 80237

_____________________________________________

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (303) 757-8101

NOT APPLICABLE

(Former name or Former Address, if Changed Since Last Report)

_____________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. Results of Operations and Financial Condition.

On August 8, 2012, Apartment Investment and Management Company ("Aimco"), revised Supplemental Schedule 10 (Summary of Redevelopment Activity) to Aimco's August 2, 2012, earnings release, to correct a mathematical error included in the August 2, 2012, version of the schedule.  A revised copy of Supplemental Schedule 10 is attached hereto as Exhibit 99.1 and is furnished herewith.  The updated copy of Aimco's second quarter 2012 earnings release and supplemental schedules is available on Aimco's website at www.aimco.com/investors/financial-reports/quarterly-earning-reports. The information contained on Aimco's website is not incorporated by reference herein.

ITEM 9.01. Financial Statements and Exhibits.

The following exhibits are furnished with this report:
Exhibit Number	Description
99.1	Revised Supplemental Schedule 10 from Aimco's Second Quarter 2012 Earnings Release

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.

Dated: August 8, 2012

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

/s/ Ernest M. Freedman

___________________________________________

Ernest M. Freedman

Executive Vice President and Chief Financial Officer

EX-99.1

Supplemental Schedule 10
Summary of Redevelopment Activity
Six Months Ended June 30, 2012
(dollars in millions) (unaudited)
							Schedule				Average Rents
	Total  Number of Units		Total  Project Cost		Inception-to-Date Investment [1]		Construction Start	Initial Occupancy	Construction Complete	Stabilized/ Restabilized Operations	Pre- Redevelopment [2]	Stabilized  [3]	Market Rent Growth Since Construction Start [4]		Occupancy [5]
Held for Redevelopment
Lincoln Place, Venice, CA	696		In planning		$	184.2	In planning	In planning	In planning	In planning	n/a	In planning	n/a		Vacant
The Preserve at Marin, Corte Madera, CA	126		In planning		47.6		In planning	In planning	In planning	In planning	n/a	In planning	n/a		Vacant
Subtotal	822				$	231.8
Under Redevelopment
Elm Creek, Elmhurst, IL [6]	28		$	9.9	$	0.7	2Q 2012	4Q 2012	2Q 2013	3Q 2013	n/a	$2,946	n/a		n/a
Flamingo South Beach, Miami, FL	1,127		4.1		1.9		3Q 2011	n/a-exterior only	4Q 2012	1Q 2013	$1,770	$1,800	3.2	%	95.6%
Pacific Bay Vistas, San Bruno, CA	308		96.5		53.7		4Q 2011	3Q 2012	2Q 2013	3Q 2013	n/a	$2,200	4.4	%	Vacant
The Palazzo at Park La Brea, Los Angeles, CA [7]	521		15.7		2.0		1Q 2012	4Q 2012	3Q 2014	4Q 2014	$2,861	$3,171	1.8	%	95.9%
Plantation Gardens, Plantation, FL	372		6.0		4.4		3Q 2011	3Q 2012	4Q 2012	1Q 2013	$892	$977	1.3	%	71.1%
Subtotal	2,356		$	132.2	$	62.7
Grand Total	3,178		$	132.2	$	294.5
	Actual 2012 Investment
	First  Quarter 2012		Second  Quarter 2012		Year-to-Date
Held for Redevelopment	$	10.8	$	8.0	$	18.8
Under Redevelopment	4.6		15.0		19.6
Other Redevelopment [8]	0.2		1.6		1.8
Total	$	15.6	$	24.6	$	40.2
[1] Lincoln Place and Pacific Bay Vistas amounts are net of 4Q 2008 impairment losses of $85.4 million and $5.7 million, respectively.
[2] Average rents for the quarter preceding redevelopment start.
[3] Rents based on market rents for comparable product for the quarter preceding redevelopment start. Does not include future market rent growth.
[4] Represents change in submarket rents from the quarter in which construction started to first quarter 2012 based on the average of REIS and Axio. First quarter 2012 is most recent data.
[5] Represents average daily occupancy during the quarter except as it relates to vacant or previously vacant properties, in which case quarter-end physical occupancy is reported.
As of June 30, 2012, such vacant or previously vacant properties are: Lincoln Place; The Preserve at Marin; and Pacific Bay Vistas.
[6] Aimco's Elm Creek project involves the construction of 28 townhomes to be built on a now-vacant land parcel adjacent to the Elm Creek community.
[7] The Palazzo is owned in a joint venture in which Aimco has an approximate 53% interest. Aimco’s share of this $15.7 million investment is $8.3 million.
[8] Amount represents capitalizable costs associated with projects in our redevelopment pipeline that are not listed above. Anticipated 2012 redevelopment starts not
listed above include:
2900 on First, Seattle, WA
Park Towne Place, Philadelphia, PA
The Sterling, Philadelphia, PA

1