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) October 15, 2004

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)

4582 SOUTH ULSTER STREET PARKWAY
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))

TABLE OF CONTENTS

	ITEM 5.02. Departures of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
	ITEM 9.01. Financial Statements and Exhibits.
SIGNATURE
EXHIBIT INDEX
Press Release

ITEM 5.02. Departures of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

     Apartment Investment and Management Company (“Aimco”) and Peter K. Kompaniez announce that effective October 15, 2004, Mr. Kompaniez has resigned from Aimco’s Board of Directors (the “Board”). Until his resignation, Mr. Kompaniez also served on the Board’s Pricing Committee and Executive Committee. Mr. Kompaniez will remain with Aimco as its Division Vice President of its California Regional Operating Center.

     To fill the vacancy created by Mr. Kompaniez’s resignation, the Board has elected Michael A. Stein. Mr. Stein joined the Board on October 15, 2004 immediately following the effectiveness of Mr. Kompaniez’s resignation. Mr. Stein is currently the Vice President and Chief Financial Officer of ICOS Corporation. Mr. Stein was previously Executive Vice President and Chief Financial Officer of Nordstrom Inc., and held a similar position at Marriott International Inc. The Board has appointed Mr. Stein to serve on the Audit Committee, the Compensation and Human Resources Committee, and the Nominating and Corporate Governance Committee.

     In addition, as previously announced Aimco is continuing its search for a president and chief operating officer.

     The press release regarding these events is attached hereto as Exhibit 99.1.

ITEM 9.01. Financial Statements and Exhibits.

(c)	Exhibits
	The following exhibits are filed with this report:
	Exhibit Number	Description
	99.1	Press Release dated October 15, 2004

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: October 15, 2004

APARTMENT INVESTMENT AND MANAGEMENT COMPANY
	/s/ Miles Cortez
	Miles Cortez
	Executive Vice President, General Counsel and Secretary

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release dated October 15, 2004

EX-99.1

EXHIBIT 99.1

Investor Relations (303) 691-4350
Investor@aimco.com
Jennifer Martin
Vice President — Investor Relations
(303) 691-4440

APARTMENT INVESTMENT AND MANAGEMENT COMPANY ANNOUNCES
ELECTION OF MICHAEL A. STEIN TO BOARD OF DIRECTORS;
RESIGNATION OF PETER K. KOMPANIEZ FROM BOARD OF DIRECTORS

Denver — October 15, 2004 — Michael A. Stein, chief financial officer of ICOS Corporation, has been elected to the Board of Directors of Apartment Investment and Management Company (“Aimco”) effective October 15, 2004. Mr. Stein was previously executive vice president and chief financial officer of Nordstrom Inc., and held a similar position at Marriott International Inc. Prior to joining Marriott in 1989, he spent 18 years at Arthur Andersen LLP, where he was a partner and served as head of the Commercial Group within the Washington, D.C. Financial Consulting and Audit Division. Mr. Stein is a certified public accountant. With the addition of Mr. Stein to the Aimco Board of Directors, five of Aimco’s six directors are independent.

“We are pleased to welcome Mike Stein to the Board of Directors,” said Terry Considine, Aimco’s chairman of the board and chief executive officer. “He brings strong financial credentials and impressive corporate experience,” he added.

Mr. Stein was elected to fill a vacancy created by the resignation of Peter K. Kompaniez from the Board. Mr. Kompaniez will remain with Aimco as its California division vice president with responsibility for its $2 billion portfolio of 45 conventional properties with approximately 13,000 apartments. Mr. Kompaniez will retain the title of vice chairman. Mr. Kompaniez is one of the founders of Aimco and has previously served as Aimco’s president. During his decade on the Board, Aimco grew from a portfolio of 37 owned properties with approximately 10,000 units to its current size as one of the nation’s largest owners and operators of apartment homes.

“Peter has been my valued partner since the Aimco IPO,” said Mr. Considine. “I am profoundly grateful for both his friendship and leadership. Peter has been instrumental in virtually every area of Aimco’s success, perhaps most notably in the contributions he has made in the large acquisitions that built Aimco’s nationwide portfolio. As a director for ten years, he has served our shareholders well and we are all in his debt.”

“We are fortunate that Peter will remain a prominent leader on the Aimco team while working closer to his home,” said Mr. Considine. “Peter brings great experience and knowledge to his new responsibilities in the important California market.”

Aimco is a real estate investment trust headquartered in Denver, Colorado owning and operating a geographically diversified portfolio of apartment communities through 21 regional operating centers. Aimco, through its subsidiaries, operates approximately 1,600 properties, including approximately 280,000 apartment units, and serves approximately one million residents each year. Aimco’s properties are located in 47 states, the District of Columbia and Puerto Rico. Aimco common shares are included in the S&P 500.