On January 28, 2020, J. Landis Martin informed Apartment Investment and Management Company (“Aimco”) and AIMCO-GP Inc., the general partner of AIMCO Properties, L.P. (“Aimco Properties,” together with Aimco, the “Companies”) that he has decided not to stand for re-election as a director of Aimco at its 2020 annual meeting of stockholders (the “2020 Stockholder Meeting”). Mr. Martin will continue to serve as a director of the Companies until the 2020 Stockholder Meeting. His decision is not the result of any disagreement with the Companies on any matter relating to their operations, policies, or practices.