DENVER, Nov. 11, 2015 /PRNewswire/ -- Apartment Investment and Management Company (Aimco) is continuing its long-standing support for military families and veterans by launching a company-wide Veterans Day volunteer initiative spearheaded by its philanthropic arm, Aimco Cares. This effort is an extension of Aimco's support for military causes and its contributions of nearly $1.5 million to help veterans and their families.
This week Aimco team members are investing their "sweat equity" in community service projects nationwide in honor of Veterans Day. Aimco Cares volunteer initiatives include maintenance of a Vietnam combat veteran's home in Denver, CO; serving lunch and distributing gifts at a Veterans Administration home in West Los Angeles, CA; repairing a disabled veteran's residence in partnership with Veterans First in Garden City, CA; assisting the City of Falls Church, VA with a ceremony at its Veterans Memorial; cleaning the grounds and sorting donations at the Midwest Shelter for Homeless Veterans in Chicago, IL; beautifying the grounds of the War Memorial in Brooklyn, NY in partnership with The Mission Continues; and preparing care packages for active duty soldiers from multiple Aimco locations.
"At Aimco we have been a long-time supporter of patriotic and veterans causes," said Aimco Chairman and CEO Terry Considine. "This year's Veterans Day gives us an important opportunity to give back to those who have given so much for this great country. It is because of the sacrifice, dedication and service of our men and women in uniform that we can enjoy the freedoms that have enriched our lives and those of our families."
Through its Aimco Cares program, each Aimco team member is given ten hours of paid time annually to apply toward a volunteer activity of their choosing. This year each team member has been given an additional five hours of paid time to assist veterans. Aimco teams across the country will devote thousands of service hours this week in partnership with local veterans organizations.
Military Families Benefit from the Aimco Cares Golf Classic
With proceeds from its annual Aimco Cares Golf Classic, Aimco recently presented a $130,000 donation to each of two national nonprofit military support organizations - Project Sanctuary and the Tragedy Assistance Program for Survivors (TAPS). Over the last eight years, Aimco has contributed $933,000 to TAPS to support its comprehensive program of peer support and crisis intervention for military families who are grieving the loss of a loved one in the line of duty. In the last four years, Aimco has donated $520,000 to Project Sanctuary to aid in its mission of helping military personnel reunite with their families after duty overseas and addressing the suicide and divorce rates so prevalent among that population.
Since its inception, the annual golf classic has raised well over $3 million dollars for charitable causes. More than 125 golfers participated in the 2015 tournament at Sanctuary Golf Course in Sedalia, Colorado. The Diamond Sponsors, contributing $30,000 or more, were NSI Environmental, Affordable Housing Advisors, a division of Marcus & Millichap, and RentPath. Platinum Sponsors, contributing $20,000 or more, were Apartment Finder and the law firm of Harris Winick Harris. The Gold Sponsors, contributing at least $10,000, were ARA, Ballard Spahr LLP, Berkadia, Colliers International, Criterion Brock, Cushman & Wakefield, Frost Cummings Tidwell Group, HFF, Jones Lang LaSalle, Karndean Design Flooring, Kutak Rock LLP, Lockton, Moen, Moran & Company, Realpage, Sherwin Williams, Transwestern, Wells Fargo, and Wilmar.
Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the largest owners and operators of apartments with 199 communities in 23 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.