Apartment Income REIT Corp. announced in connection with the completion of the Merger, at the Effective Time, each of Thomas L. Keltner, Thomas N. Bohjalian, Kristin Finney-Cooke, Devin I. Murphy, Margarita Paláu-Hernández, John D. Rayis, Ann Sperling and Nina A. Tran resigned from the board of directors of the Company and of any board or similar governing body of any subsidiary of the Company (including the general partner of the Partnership (the General Partner)) and any committees or subcommittees thereof. These resignations were in connection with the Merger and not as a result of any disagreements between the Company or the Partnership, on the one hand, and the resigning individuals, on the other hand, on any matters relating to the Company?s or the Partnership?s operations, policies or practices.

Also in connection with the completion of the Merger, effective as of the Effective Time on June 28, 2024, Jacob Werner, Asim Hamid, Richard Reyes and Scott McCallum, who are employed in Blackstone?s Real Estate Group, and Lisa R. Cohn, President, General Counsel and Secretary, were appointed to the Board and join Terry Considine, Chief Executive Officer, who remains a Board member.