Please meet your invisible neighbors: The Owners of North Point. With their salaries, $15 million might buy them a vacation, but it's allegedly being divided by 12 buildings up here to 'rehab'. I think these fine folks should get an invitation by NOH to spend a few nights in each of their great HUD buildings at our taxpayer expense don't you? Maybe they could be persuaded to re-think the concept of creating real affordable housing for those who deserve it. Wonder if they could sleep with boom boxes and gunshots? They can bring their own body guards and plastic mattress covers.
AIMCO Properties, L.P.
4582 S. Ulster Street Pkwy., Ste. 1100
Denver, CO 80237
http://www.aimco.com
Company Type Private - Partnership
Fiscal Year-End December
2004 Sales (mil.) $1,468.9
2004 Employees 6,800
Who’s Who at AIMCO
Terry Considine, Age 57
Chairman, President, and CEO, $29,171 salary
Affiliations
Company Title
American Land Lease, Inc. Chairman and CEO $60,000
Apartment Investment and Management Company Chairman, President, and CEO Salary $300,000 Bonus $1,000,000
AIMCO Properties, L.P.
2002:, $200,000 salary, $510,000 bonus
1994: Chairman and CEO
American Land Lease, Inc.
2003: Chairman and CEO, $180,000 bonus
Apartment Investment and Management Company
2003: Chairman, President, and CEO, $29,171 salary
2002: Chairman and CEO, $200,000 salary, $510,000 bonus
2001: Chairman and CEO, $100,000 salary, $875,000 bonus
2000: Chairman and CEO, $275,000 salary
Commercial Assets, Inc.
Last position held, Chairman and CEO
Jeffrey W. (Jeff) Adler, Age 43
EVP, Conventional Property Operations
Company Title Salary Bonus
Apartment Investment and Management Company EVP Conventional Property Operations
Apartment Investment and Management Company
Title held until 2004: SVP Risk Management
Harry G. Alcock, Age 42
EVP and Chief Investment Officer, Apartment Investment and Management Company
Company Title Salary Bonus
Apartment Investment and Management Company EVP and Chief Investment Officer
United Investors Growth Properties EVP, United Investors Real Estate
Apartment Investment and Management Company
2001: EVP and Chief Investment Officer, $200,000 salary, $397,500 bonus
2000: EVP and Chief Investment Officer, $200,000 salary
Miles Cortez, Age 61
EVP, Secretary, and General Counsel
Company Title Salary Bonus
Apartment Investment and Management Company EVP, Secretary, and General Counsel $250,000 $400,000
United Investors Income Properties EVP, Secretary, and General Counsel, United Investors Real Estate
VMS National Properties Joint Venture EVP, Secretary, and General Counsel, MAERIL
Apartment Investment and Management Company
2003: EVP, Secretary, and General Counsel, $200,000 salary, $100,000 bonus
2002: EVP, Secretary, and General Counsel, $200,000 salary, $360,000 bonus
Lance J. Graber, Age 43
EVP, AIMCO Capital Transactions-East
Company Title Salary Bonus
Apartment Investment and Management Company EVP, AIMCO Capital Transactions, East $250,000 $400,000
Apartment Investment and Management Company
2003: EVP, AIMCO Capital Transactions, East, $200,000 salary, $100,000 bonus
2002: EVP Acquisitions, $200,000 salary, $360,000 bonus
Paul J. McAuliffe, Age 48
EVP and CFO, Apartment Investment and Management Company, $200,000 salary, $100,000 bonus
Company Title Salary Bonus
Apartment Investment and Management Company EVP and CFO $447,830 $100,000
United Investors Growth Properties EVP and CFO, United Investors Real Estate
United Investors Income Properties EVP and CFO, United Investors Real Estate
VMS National Properties Joint Venture EVP and CFO, MAERIL
AIMCO Properties, L.P.
2002:, $200,000 salary, $360,000 bonus
Apartment Investment and Management Company
2003: EVP and CFO, $200,000 salary, $100,000 bonus
2002: EVP and CFO, $200,000 salary, $360,000 bonus
2001: EVP and CFO, $200,000 salary, $457,500 bonus
2000: EVP and CFO, $200,000 salary
David Robertson, Age 39
EVP; President and CEO, AIMCO Capital
Company Title Salary Bonus
Apartment Investment and Management Company EVP; President and CEO, AIMCO Capital $275,000 $120,000
Apartment Investment and Management Company
2003: EVP; President and CEO, AIMCO Capital, $200,000 salary, $100,000 bonus
2002: EVP and Head of Affordable Properties, $200,000 salary, $360,000 bonus
Thomas M. Herzog, Age 42
SVP and Chief Accounting Officer
Other Company Affiliations
Company Title Salary Bonus
Apartment Investment and Management Company SVP and Chief Accounting Officer
Springhill Lake Investors Limited Partnership VP Residential and Chief Accounting Officer, Three Winthrop
United Investors Growth Properties SVP and Chief Accounting Officer, United Investors Real Estate
United Investors Income Properties SVP and Chief Accounting Officer, United Investors Real Estate
VMS National Properties Joint Venture SVP and Chief Accounting Officer, MAERIL
Products/Operations
2004 Sales
$ mil. % of total
Rent & other property revenues 1,401.6 95
Property management 32.5 2
Activity fees & asset management 34.8 3
Total 1,468.9 100
Income Statement
Year
Dec 04 1,468.9 Revenue($ mil.) 293.1 Net Income($ mil.) 20.0% Net ProfitMargin Employees 6,800
Dec 03 1,394.7Revenue($ mil.) 177.9 Net Income($ mil.) 12.8% Net ProfitMargin Employees 7,300
Dec 02 1,266.9Revenue($ mil.) 206.2Net Income($ mil.) 16.3% Net ProfitMargin Employees 7,500