Aimco Raises More Than $400,000 to Benefit Military Families and Students

DENVER, July 18, 2012 /PRNewswire/ -- Family members who have lost a loved one in the line of duty, military personnel returning from duty, and college-bound students living in subsidized affordable housing are the beneficiaries of funds raised in the 9th annual Aimco Cares Golf Classic sponsored by Apartment Investment and Management Company (Aimco), and presented by RE/MAX. 

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More than 120 golfers participated in the 2012 charity tournament with more 84 companies providing sponsorships to raise funds for the event held July 12 at Sanctuary Golf Course in Sedalia, Colorado.  Platinum sponsors, contributing $10,000 or more, were Apartment Guide, the tournament's largest contributor;  Apartment Finder; Apartment Realty Advisors; Brownstein Hyatt Farber Schreck; CBRE; Conservice; Cushman & Wakefield; Harris Winick, LLP; Hosting.com; Institutional Property Advisors; Jones Lang LaSalle; Karndean Design Flooring; Kutak Rock LLP; Lockton; Quantum; RealPage; Southeast Apartment Partners; Transwestern; and Wilmar. 

"The generosity of our sponsors was tremendous, helping us set a new record in tournament gross proceeds," said Miles Cortez, Aimco Chief Administrative Officer and Tournament Chair. "Thanks to our contributors, our event will have a national impact, as significant funds will be distributed to families across the country assisted by the Tragedy Assistance Program for Survivors and Project Sanctuary, and the young men and women living in subsidized housing who are now able to attend college with grants from the Aimco Cares Opportunity Scholarship Fund."  

Founded in 1994, TAPS has established itself as the front line resource to the families and loved ones of fallen military men and women.  TAPS provides comfort and care through comprehensive services and programs including peer based emotional support, case work assistance, crisis intervention, and grief and trauma resources.

Project Sanctuary, a new beneficiary of the tournament this year, is a national nonprofit that helps military personnel reconnect with their families when they return from duty.  Project Sanctuary provides a unique, comprehensive, two-year program beginning with an all expense paid, six-day therapeutic retreat in Colorado.

Project Sanctuary founder and Director Heather Ehle attended the golf tournament and remarked, "To support our service men and women returning home from war, we are extremely grateful that organizations such as Aimco are taking the lead in providing generous contributions for much-needed assistance. We are overwhelmed by the support and look forward to being able to help hundreds of military personnel reconnect with their families and reintegrate back into our communities."

The Aimco Cares Opportunity Scholarship provides financial assistance to college-ready students living in affordable housing.  The scholarship, administered in partnership with the National Leased Housing Association's Education Fund, already has helped 42 students pursue their dreams of a college education.

Since its inception, the annual golf classic has raised more than $2 million for charitable causes. It is the signature fundraising event for Aimco Cares, Aimco's philanthropic arm.  As part of Aimco Cares, each Aimco employee receives 10 hours of paid time annually to apply toward community service.  Nationwide, hundreds of organizations have benefited from Aimco team member volunteer activities. 

Aimco is a real estate investment trust headquartered in Denver, Colorado that owns and operates a geographically diversified portfolio of apartment communities. Aimco, through its subsidiaries and affiliates, is one of the largest owners and operators of apartment communities in the United States. Aimco owns or manages 361 properties, and serves approximately 250,000 residents each year. Aimco's properties are located in 30 states, the District of Columbia and Puerto Rico. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500.  

SOURCE Aimco