8-K 1 d99625e8vk.txt FORM 8-K 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 29, 2002 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 File Number) Identification No.) organization) 2000 SOUTH COLORADO BOULEVARD, TOWER TWO SUITE 2-1000, DENVER, CO 80222-7900 --------------------------------------------------- (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) ITEM 5. OTHER EVENTS. On August 29, 2002, Apartment Investment and Management Company ("Aimco") announced that it acquired from Thomas J. Flatley 100% ownership of eleven conventional garden and mid-rise apartment properties located primarily in the greater Boston area. The eleven properties include 4,323 apartment units on 553 acres. The total cost of the acquisition includes $500 million for the properties and $2.5 million in transaction costs. In addition, Aimco expects to spend $6.2 million for initial capital expenditures to address identified property needs. Aimco may also spend as much as an additional $28 million in initial capital expenditures to complete a kitchen and bath program that was initiated by the prior owner. Aimco funded the all cash purchase price using $309 million of 20-year, fully amortizing mortgage debt at interest rates averaging 5.69% plus borrowing under Aimco's credit facility. The press release of Aimco, attached hereto as Exhibit 99.1, relating to the consummation of the acquisition, is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits The following exhibits are filed with this report: 99.1 Press Release of Apartment Investment and Management Company, dated August 29, 2002 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: September 4, 2002 APARTMENT INVESTMENT AND MANAGEMENT COMPANY By: /s/ Paul J. McAuliffe ------------------------------- Paul J. McAuliffe Executive Vice President and Chief Financial Officer EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION ----------- ----------- 99.1 Press Release of Apartment Investment and Management Company, dated August 29, 2002