8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

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CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) July 13, 2016

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APARTMENT INVESTMENT AND MANAGEMENT COMPANY

AIMCO PROPERTIES, L.P.

(Exact name of registrant as specified in its charter)

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MARYLAND (Apartment Investment and Management Company)	1-13232	84-1259577
DELAWARE (AIMCO Properties, L.P.)	0-24497	84-1275621
(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

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(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)

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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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 12, 2016, James N. Bailey resigned from the Board of Directors of Apartment Investment and Management Company (“Aimco”) and the Board of Directors of AIMCO-GP, Inc., the general partner of AIMCO Properties, L.P. Mr. Bailey’s resignation is effective July 15, 2016. A copy of Mr. Bailey’s resignation letter is filed herewith as Exhibit 99.1.

On July 13, 2016, Aimco issued a press release announcing Mr. Bailey’s resignation. A copy of the press release is filed herewith as Exhibit 99.2 and incorporated herein by reference.

Item 9.01    Financial Statements and Exhibits

Exhibit No.	Description
99.1 99.2	Letter from James N. Bailey, dated July 12, 2016 Press release, dated July 13, 2016.

SIGNATURES

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: July 13, 2016

APARTMENT INVESTMENT AND MANAGEMENT COMPANY
By:	/s/ Lisa R. Cohn
	Name:	Lisa R. Cohn
	Title:	Executive Vice President, General Counsel and Secretary

AIMCO PROPERTIES, L.P.
By:	AIMCO-GP, Inc., its General Partner
By:	/s/ Lisa R. Cohn
	Name:	Lisa R. Cohn
	Title:	Executive Vice President, General Counsel and Secretary

EX-99.1

Exhibit 99.1

July 12, 2016

Dear Terry:

I wanted to let you know that I have decided to resign my position as a Board Member of AIMCO, effective July 15, 2016.  I feel the company is doing very well and that we have a superb Board which, along with the strong management team you have put together, will keep it on the right track going forward. Secondly, my other obligations make this a good time to step aside.  I have been privileged to work with you and your great management team and Board, and could not be more positive on the Company's prospects for the future.

Best wishes for continued success.

Yours truly,

Jim Bailey

EX-99.2

Exhibit 99.2

AIMCO ANNOUNCES RESIGNATION of JAMES N. BAILEY

FROM THE BOARD OF DIRECTORS

DENVER, COLORADO, July 13, 2016 - Apartment Investment and Management Company (“Aimco”) (NYSE: AIV) announced today that James N. Bailey has resigned from the Aimco Board of Directors after 16 years of service.  His resignation is effective July 15, 2016. 

Terry Considine, Aimco’s Chairman and CEO remarked, “Jim is a brilliant entrepreneur, a much admired colleague and a dear friend.  Over the past many years he has made many and important contributions to Aimco.  In particular, in his role as chairman of the Nominating and Corporate Governance Committee, Jim led the directors in our self-improvement of board process, welcomed five new directors, and generally kept Aimco in the forefront of good corporate governance.”

Mr. Bailey noted, “Serving on the Aimco board with such a dedicated and talented group of directors has been a great pleasure.  I thank them all for what we have learned and accomplished together, and I wish them and the company continued success.”

With Mr. Bailey’s departure, Kathleen M. Nelson has been named the chairman of the Nominating and Corporate Governance Committee.  Ms. Nelson is a private real estate consultant.  She is a former Managing Director/Group Leader and Chief Administrative Officer for TIAA-CREF’s mortgage and real estate division.  She has been an Aimco director for six years. 

About Aimco

Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the country's largest owners and operators of apartments, with 195 communities in 22 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV, and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.

Contact:

Investor Relations (303) 793-4661

Investor@aimco.com

Valerie Kimball

Director, Investor Relations

(303) 793-4645