Apartment Investment and Management Company (AIV) is focused on owning, managing and developing affordable real estate properties in mainly the coastal markets. The REIT’s business interests could be bifurcated into two segments, the first being conventional real estate and the second is affordable real estate. This strategy allows the REIT to bring diversification to its portfolio. Under the conventional segment, it has Conventional Same Store and Conventional Non Same Store, while its affordable portfolio comprises properties mainly acquired through low-income housing tax credit partnerships. By focusing on the non-premium market, Apartment Investment and