Apartment Investment draws $300 million from credit facility

By Sara Rosenberg

New York, March 24 – Apartment Investment and Management Co. borrowed $300 million under its $800 million revolving credit facility due Jan. 22, 2022, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

The drawing was made on March 20 to provide additional liquidity and financial flexibility.

Including the drawing, outstanding borrowings under the revolver total $581 million.

Apartment Investment is a Denver-based real estate investment trust that is focused on the ownership and management of quality apartment communities.

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