UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD,
TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH
REGISTRATION, UNLESS THE TRANSFEROR DELIVERS TO THE PARTNERSHIP
AN OPINION OF COUNSEL SATISFACTORY TO THE PARTNERSHIP, IN FORM
AND SUBSTANCE SATISFACTORY TO THE PARTNERSHIP, TO THE EFFECT
THAT THE PROPOSED SALE, TRANSFER OR OTHER DISPOSITION MAY BE
EFFECTED WITHOUT REGISTRATION UNDER THE ACT AND UNDER
APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS.
Page | ||||||
ARTICLE 1 DEFINED TERMS | 1 | |||||
ARTICLE 2 ORGANIZATIONAL MATTERS | 16 | |||||
Section 2.1 | Organization | 16 | ||||
Section 2.2 | Name | 16 | ||||
Section 2.3 | Registered Office and Agent; Principal Office | 16 | ||||
Section 2.4 | Power of Attorney | 16 | ||||
Section 2.5 | Term | 17 | ||||
ARTICLE 3 PURPOSE | 18 | |||||
Section 3.1 | Purpose and Business | 18 | ||||
Section 3.2 | Powers | 18 | ||||
Section 3.3 | Partnership Only for Purposes Specified | 18 | ||||
Section 3.4 | Representations and Warranties by the Parties | 18 | ||||
ARTICLE 4 CAPITAL CONTRIBUTIONS | 20 | |||||
Section 4.1 | Capital Contributions of the Partners | 20 | ||||
Section 4.2 | Issuances of Additional Partnership Interests | 20 | ||||
Section 4.3 | Additional Funds | 21 | ||||
Section 4.4 | Stock Option Plans | 22 | ||||
Section 4.5 | No Interest; No Return | 23 | ||||
Section 4.6 | Conversion of Junior Shares | 23 | ||||
ARTICLE 5 DISTRIBUTIONS | 24 | |||||
Section 5.1 | Requirement and Characterization of Distributions | 24 | ||||
Section 5.2 | Distributions in Kind | 24 | ||||
Section 5.3 | Amounts Withheld | 24 | ||||
Section 5.4 | Distributions Upon Liquidation | 24 | ||||
Section 5.5 | Restricted Distributions | 24 | ||||
ARTICLE 6 ALLOCATIONS | 24 | |||||
Section 6.1 | Timing and Amount of Allocations of Net Income and Net Loss | 24 | ||||
Section 6.2 | General Allocations | 25 | ||||
Section 6.3 | Additional Allocation Provisions | 25 | ||||
Section 6.4 | Tax Allocations | 27 | ||||
ARTICLE 7 MANAGEMENT AND OPERATIONS OF BUSINESS | 27 | |||||
Section 7.1 | Management | 27 | ||||
Section 7.2 | Certificate of Limited Partnership | 30 | ||||
Section 7.3 | Restrictions on General Partner’s Authority | 30 |
i
Page | ||||||
Section 7.4 | Reimbursement of the General Partner | 32 | ||||
Section 7.5 | Outside Activities of the Previous General Partner and the General Partner | 32 | ||||
Section 7.6 | Contracts with Affiliates | 33 | ||||
Section 7.7 | Indemnification | 34 | ||||
Section 7.8 | Liability of the General Partner | 35 | ||||
Section 7.9 | Other Matters Concerning the General Partner | 36 | ||||
Section 7.10 | Title to Partnership Assets | 37 | ||||
Section 7.11 | Reliance by Third Parties | 37 | ||||
ARTICLE 8 RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS | 37 | |||||
Section 8.1 | Limitation of Liability | 37 | ||||
Section 8.2 | Management of Business | 37 | ||||
Section 8.3 | Outside Activities of Limited Partners | 37 | ||||
Section 8.4 | Return of Capital | 38 | ||||
Section 8.5 | Rights of Limited Partners Relating to the Partnership | 38 | ||||
Section 8.6 | Redemption Rights of Qualifying Parties | 39 | ||||
Section 8.7 | Partnership Right to Call Limited Partner Interests | 42 | ||||
ARTICLE 9 BOOKS, RECORDS, ACCOUNTING AND REPORTS | 42 | |||||
Section 9.1 | Records and Accounting | 42 | ||||
Section 9.2 | Fiscal Year | 43 | ||||
Section 9.3 | Reports | 43 | ||||
ARTICLE 10 TAX MATTERS | 43 | |||||
Section 10.1 | Preparation of Tax Returns | 43 | ||||
Section 10.2 | Tax Elections | 43 | ||||
Section 10.3 | Tax Matters Partner | 44 | ||||
Section 10.4 | Withholding | 45 | ||||
ARTICLE 11 TRANSFERS AND WITHDRAWALS | 46 | |||||
Section 11.1 | Transfer | 46 | ||||
Section 11.2 | Transfer of General Partner’s Partnership Interest | 46 | ||||
Section 11.3 | Limited Partners’ Rights to Transfer | 47 | ||||
Section 11.4 | Substituted Limited Partners | 49 | ||||
Section 11.5 | Assignees | 49 | ||||
Section 11.6 | General Provisions | 49 | ||||
ARTICLE 12 ADMISSION OF PARTNERS | 51 | |||||
Section 12.1 | Admission of Successor General Partner | 51 | ||||
Section 12.2 | Admission of Additional Limited Partners | 51 | ||||
Section 12.3 | Amendment of Agreement and Certificate of Limited Partnership | 51 | ||||
Section 12.4 | Admission of Initial Limited Partners | 51 | ||||
ARTICLE 13 DISSOLUTION, LIQUIDATION AND TERMINATION | 52 | |||||
Section 13.1 | Dissolution | 52 |
ii
Page | ||||||
Section 13.2 | Winding Up | 52 | ||||
Section 13.3 | Deemed Distribution and Recontribution | 53 | ||||
Section 13.4 | Rights of Limited Partners | 54 | ||||
Section 13.5 | Notice of Dissolution | 54 | ||||
Section 13.6 | Cancellation of Certificate of Limited Partnership | 54 | ||||
Section 13.7 | Reasonable Time for Winding-Up | 54 | ||||
ARTICLE 14 PROCEDURES FOR ACTIONS AND CONSENTS OF PARTNERS; AMENDMENTS; MEETINGS | 54 | |||||
Section 14.1 | Procedures for Actions and Consents of Partners | 54 | ||||
Section 14.2 | Amendments | 54 | ||||
Section 14.3 | Meetings of the Partners | 55 | ||||
ARTICLE 15 GENERAL PROVISIONS | 55 | |||||
Section 15.1 | Addresses and Notice | 55 | ||||
Section 15.2 | Titles and Captions | 55 | ||||
Section 15.3 | Pronouns and Plurals | 55 | ||||
Section 15.4 | Further Action | 56 | ||||
Section 15.5 | Binding Effect | 56 | ||||
Section 15.6 | Waiver | 56 | ||||
Section 15.7 | Counterparts | 56 | ||||
Section 15.8 | Applicable Law | 56 | ||||
Section 15.9 | Entire Agreement | 56 | ||||
Section 15.10 | Invalidity of Provisions | 56 | ||||
Section 15.11 | Limitation to Preserve REIT Status | 56 | ||||
Section 15.12 | No Partition | 57 | ||||
Section 15.13 | No Third-Party Rights Created Hereby | 57 | ||||
EXHIBIT A | PARTNERS AND PARTNERSHIP UNITS | A-1 | ||||
EXHIBIT B | EXAMPLES REGARDING ADJUSTMENT FACTOR | B-1 | ||||
EXHIBIT C | LIST OF DESIGNATED PARTIES | C-1 | ||||
EXHIBIT D | NOTICE OF REDEMPTION | D-1 | ||||
EXHIBIT E | FORM OF UNIT CERTIFICATE | E-1 | ||||
EXHIBIT F | PARTNERSHIP UNIT DESIGNATION OF THE CLASS I HIGH PERFORMANCE PARTNERSHIP UNITS | F-1 | ||||
EXHIBIT G | PARTNERSHIP UNIT DESIGNATION OF THE CLASS G PARTNERSHIP PREFERRED UNITS | G-1 | ||||
EXHIBIT H | PARTNERSHIP UNIT DESIGNATION OF THE CLASS ONE PARTNERSHIP PREFERRED UNITS | H-1 | ||||
EXHIBIT I | PARTNERSHIP UNIT DESIGNATION OF THE CLASS TWO PARTNERSHIP PREFERRED UNITS | I-1 |
iii
Page | ||||||
EXHIBIT J | PARTNERSHIP UNIT DESIGNATION OF THE CLASS THREE PARTNERSHIP PREFERRED UNITS | J-1 | ||||
EXHIBIT K | PARTNERSHIP UNIT DESIGNATION OF THE CLASS FOUR PARTNERSHIP PREFERRED UNITS | K-1 | ||||
EXHIBIT L | PARTNERSHIP UNIT DESIGNATION OF THE CLASS FIVE PARTNERSHIP PREFERRED UNITS | L-1 | ||||
EXHIBIT M | PARTNERSHIP UNIT DESIGNATION OF THE CLASS SIX PARTNERSHIP PREFERRED UNITS | M-1 | ||||
EXHIBIT N | PARTNERSHIP UNIT DESIGNATION OF THE CLASS SEVEN PARTNERSHIP UNITS | N-1 | ||||
EXHIBIT O | PARTNERSHIP UNIT DESIGNATION OF THE CLASS EIGHT PARTNERSHIP PREFERRED UNITS | O-1 | ||||
EXHIBIT P | PARTNERSHIP UNIT DESIGNATION OF THE CLASS T PARTNERSHIP PREFERRED UNITS | P-1 | ||||
EXHIBIT Q | PARTNERSHIP UNIT DESIGNATION OF THE CLASS U PARTNERSHIP PREFERRED UNITS | Q-1 | ||||
EXHIBIT R | PARTNERSHIP UNIT DESIGNATION OF THE CLASS V PARTNERSHIP PREFERRED UNITS | R-1 | ||||
EXHIBIT S | PARTNERSHIP UNIT DESIGNATION OF THE CLASS W PARTNERSHIP PREFERRED UNITS | S-1 | ||||
EXHIBIT T | PARTNERSHIP UNIT DESIGNATION OF THE CLASS Y PARTNERSHIP PREFERRED UNITS | T-1 | ||||
EXHIBIT U | PARTNERSHIP UNIT DESIGNATION OF THE CLASS VIII HIGH PERFORMANCE PARTNERSHIP UNITS | U-1 | �� | |||
EXHIBIT V | PARTNERSHIP UNIT DESIGNATION OF THE CLASS IX HIGH PERFORMANCE PARTNERSHIP UNITS | V-1 | ||||
EXHIBIT W | PARTNERSHIP UNIT DESIGNATION OF THE SERIES A COMMUNITY REINVESTMENT ACT PERPETUAL PARTNERSHIP PREFERRED UNITS | W-1 |
iv
LIMITED PARTNERSHIP OF AIMCO PROPERTIES, L.P.
DEFINED TERMS
2
3
4
5
6
7
8
9
10
11
12
13
14
15
ORGANIZATIONAL MATTERS
16
17
PURPOSE
18
19
CAPITAL CONTRIBUTIONS
20
21
22
23
DISTRIBUTIONS
ALLOCATIONS
24
25
26
MANAGEMENT AND OPERATIONS OF BUSINESS
27
28
29
30
31
32
33
34
35
36
RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS
37
38
39
40
41
BOOKS, RECORDS, ACCOUNTING AND REPORTS
42
TAX MATTERS
43
44
45
TRANSFERS AND WITHDRAWALS
46
47
48
49
50
ADMISSION OF PARTNERS
51
DISSOLUTION, LIQUIDATION AND TERMINATION
52
53
PROCEDURES FOR ACTIONS AND CONSENTS
OF PARTNERS; AMENDMENTS; MEETINGS
54
GENERAL PROVISIONS
55
56
57
58
PREVIOUS GENERAL PARTNER: | ||||||
APARTMENT INVESTMENT AND MANAGEMENT COMPANY | ||||||
By: | /s/ Terry Considine | |||||
Name: Terry Considine | ||||||
Title: Chief Executive Officer and President | ||||||
GENERAL PARTNER: | ||||||
AIMCO-GP, INC. | ||||||
By: | /s/ Terry Considine | |||||
Name: Terry Considine | ||||||
Title: Chief Executive Officer and President | ||||||
SPECIAL LIMITED PARTNER: | ||||||
AIMCO-LP, INC. | ||||||
By: | /s/ Terry Considine | |||||
Name: Terry Considine | ||||||
Title: Chief Executive Officer and President | ||||||
LIMITED PARTNERS: | ||||||
By: | AIMCO-GP, INC., | |||||
as attorney-in-fact | ||||||
By: | /s/ Terry Considine | |||||
Name: Terry Considine | ||||||
Title: Chief Executive Officer and President |
59
PARTNERS AND PARTNERSHIP UNITS
A-1
EXAMPLES REGARDING ADJUSTMENT FACTOR
B-1
LIST OF DESIGNATED PARTIES
Peter K. Kompaniez
Robert P. Lacy
Michael & Verona Sollinger
Patrick Stucker
Stonegate Funding Company
Steven F. Goldstone
Donaldson C. Pillsbury
Christopher Crowley
Richard D. Spizzini
Henry L. King
Alfonso G. Canales
Thomas J. Flynn
Carl E. Yasharian
Margot A. Mathoni
David B. Pall
Thomas E. Woodruff
Glen H. & Joyce E. Rosmann
Warren H. Leland
Amerett L. Donahoe
Daniel E. Landon
Conrad F. Fingerson
Dwight E. Lowell, II
Alfred V. & Lois E. Gangnes
Edward S. Stone
Sycamore Realty Trust, V
E. Oran Brigham
Donald Ravitch
Brian Conboy
Alan B. Grebene
Charles A. Cahill, III
Harold F. & Lucille J. Goodman
Timothy J. Tucker
C-1
NOTICE OF REDEMPTION
To: | AIMCO-GP, Inc. | |
c/o Apartment Investment and | ||
Management Company | ||
4582 South Ulster Street Parkway | ||
Suite 1100 | ||
Denver, Colorado 80237 |
D-1
Name of Limited Partner or Assignee: | ||||
(Signature of Limited Partner or Assignee) | ||||
(Street Address) | ||||
(City) (State) (Zip Code) | ||||
Signature Guaranteed by: | ||||
Issue Check Payable to: | ||||
Please insert social security or identifying number: | ||||
D-2
FORM OF UNIT CERTIFICATE
OF
AIMCO PROPERTIES, L.P.,
E-1
Partnership Common Unit(s) represented by the within Certificate, and does hereby irrevocably constitute and appoint the General Partner of AIMCO Properties, L.P. as its Attorney to transfer said Partnership Common Unit(s) on the books of AIMCO Properties, L.P. with full power of substitution in the premises.
By: | ||||||
Name: |
E-2
THE CLASS I HIGH PERFORMANCE PARTNERSHIP UNITS OF
AIMCO PROPERTIES, L.P.
F-1
F-2
F-3
F-4
F-5
F-6
EXHIBIT F
(1) | (2) | (3) | (4) | (5) | (6) | |||||||||||||||||||
Cumulative Total Return Over Three Years: | ||||||||||||||||||||||||
Company Common Stock | 48.2 | % | 119.7 | % | 48.2 | % | 48.2 | % | 119.7 | % | 26.0 | % | ||||||||||||
Peer Group Index | 32.4 | % | 32.4 | % | 71.2 | % | 0 | % | 32.4 | % | 3.0 | % | ||||||||||||
115% of Peer Group Index | 38.1 | % | 38.1 | % | 83.7 | % | 0 | % | 38.1 | % | 3.5 | % | ||||||||||||
Minimum Return | 30 | % | 30 | % | 30 | % | 30 | % | 30 | % | 30 | % | ||||||||||||
Excess Return | 10.1 | % | 81.6 | % | 0 | % | 18.2 | % | 81.6 | % | 0 | % | ||||||||||||
Weighted Average Market Value of Outstanding Equity (millions) | $ | 3,000 | $ | 4,000 | $ | 3,000 | $ | 3,000 | $ | 10,000 | $ | 4,000 | ||||||||||||
Excess Shareholder Return (millions) | $ | 303 | $ | 3,264 | $ | 0 | $ | 546 | $ | 8,160 | $ | 0 | ||||||||||||
Value of High Performance Units (millions) | $ | 45.4 | $ | 489.6 | $ | 0 | $ | 81.9 | $ | 1,224.0 | $ | 0 | ||||||||||||
Value of a REIT Share | $ | 50 | $ | 70 | $ | 50 | $ | 50 | $ | 70 | $ | 40 | ||||||||||||
Adjusted Number of Class I High Performance Units: | ||||||||||||||||||||||||
Total | 908,000 | 6,994,286 | 0 | 1,638,000 | 17,485,714 | 0 | ||||||||||||||||||
Per Unit Adjustment | 60.5 | 466.3 | 0 | 109.2 | 1,165.7 | 0 |
(1) | Base Case. | |
(2) | Base Case, except that the Company Common Stock has a 30% annual Total Return and the weighted average market value of outstanding equity is $4 billion. | |
(3) | Base Case, except that the Peer Group Index has a 20% annual Total Return. (4) Base Case, except that the Peer Group Index has a negative annual Total Return of 10%. | |
(5) | Base Case, except that the Company Common Stock has a 30% annual Total Return and the weighted average market value of outstanding equity is $10 billion. | |
(6) | Base Case, except that the Company Common Stock has an 8% annual Total Return, the Peer Group Index has a 1% annual Total Return and the weighted average market value of outstanding equity is $4 billion. |
F-7
THE CLASS G PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
G-1
G-2
G-3
G-4
THE CLASS ONE PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
H-1
H-2
H-3
H-4
H-5
H-6
H-7
H-8
H-9
TO EXHIBIT H
To: | AIMCO Properties, L.P. | |
c/o AIMCO-GP, Inc. | ||
4582 South Ulster Street Parkway | ||
Suite 1100 | ||
Denver, Colorado 80237 | ||
Attention: Investor Relations |
H-I-1
Name of Limited Partner or Assignee: | ||||
(Signature of Limited Partner or Assignee) | ||||
(Street Address) | ||||
(City) (State) (Zip Code) |
H-I-2
Signature Guaranteed by: | ||||
H-I-3
TO EXHIBIT H
OF
CLASS ONE PARTNERSHIP PREFERRED UNITS
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
OF
AIMCO PROPERTIES, L.P.,
H-II-1
By: | ||||||
Name: | ||||||
Signature Guaranteed by: | ||||||
H-II-2
THE CLASS TWO PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
I-1
I-2
I-3
I-4
I-5
I-6
I-7
I-8
I-9
TO EXHIBIT I
To: | AIMCO Properties, L.P. | |
c/o AIMCO-GP, Inc. | ||
4582 South Ulster Street Parkway | ||
Suite 1100 | ||
Denver, Colorado 80237 | ||
Attention: Investor Relations |
I-I-1
Name of Limited Partner or Assignee: | ||
(Signature of Limited Partner or Assignee) | ||
(Street Address) | ||
(City) (State) (Zip Code) | ||
Signature Guaranteed by: | ||
I-I-2
I-I-3
TO EXHIBIT I
OF
CLASS TWO PARTNERSHIP PREFERRED UNITS
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
This certifies that | ||||
is the owner of | ||||
OF
AIMCO PROPERTIES, L.P.,
By | ||||
1 | Not required if Units are issued pursuant to a current and effective registration statement under the Act. |
I-II-1
By: | ||||
Name: | ||||
Signature Guaranteed by: | ||||
THE SIGNATURE SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION, (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions), WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM PURSUANT TO SEC RULE 17Ad-15.
I-II-2
THE CLASS THREE PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
J-1
J-2
J-3
J-4
J-5
J-6
J-7
J-8
J-9
J-10
TO EXHIBIT J
To: | AIMCO Properties, L.P. | |
c/o AIMCO-GP, Inc. | ||
4582 South Ulster Street Parkway | ||
Suite 1100 | ||
Denver, Colorado 80237 | ||
Attention: Investor Relations |
J-I-1
Name of Limited Partner or Assignee: | ||
(Signature of Limited Partner or Assignee) | ||
(Street Address) | ||
(City) (State) (Zip Code) |
J-I-2
J-I-3
TO EXHIBIT J
OF
CLASS THREE PARTNERSHIP PREFERRED UNITS
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
OF
AIMCO PROPERTIES, L.P.,
Dated: | By | |||
J-II-1
By: | ||||
Name: | ||||
Signature Guaranteed by: | ||||
J-II-2
THE CLASS FOUR PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
K-1
K-2
K-3
K-4
K-5
K-6
K-7
K-8
K-9
K-10
K-11
K-12
K-13
K-14
TO EXHIBIT K
To: | AIMCO Properties, L.P. | |
c/o AIMCO-GP, Inc. | ||
4582 South Ulster Street Parkway, Suite 1100 | ||
Denver, Colorado 80237 | ||
Attention: Investor Relations |
K-I-1
Name of Limited Partner or Assignee: | ||||
(Signature of Limited Partner or Assignee) | ||||
(Street Address) | ||||
(City) (State) (Zip Code) | ||||
Signature Guaranteed by | ||||
K-I-2
K-I-3
TO EXHIBIT K
OF
CLASS FOUR PARTNERSHIP PREFERRED UNITS
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
This certifies that | ||
is the owner of | ||
OF
AIMCO PROPERTIES, L.P.,
Dated: | By | |||
K-II-1
By: | ||||
Name: | ||||
Signature Guaranteed by: | ||||
K-II-2
THE CLASS FIVE PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
L-1
L-2
L-3
L-4
L-5
TO EXHIBIT L
OF
CLASS FIVE PARTNERSHIP PREFERRED UNITS
Certificate Number
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
This certifies that | ||||
is the owner of | ||||
OF
AIMCO PROPERTIES, L.P.,
Dated: | By: | |||||
Name: | ||||||
Title: |
L-I-1
By: | ||||||
Name: | ||||||
Signature Guaranteed by: | ||||||
L-I-2
THE CLASS SIX PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
M-1
M-2
M-3
M-4
M-5
M-6
M-7
M-8
M-9
M-10
M-11
M-12
M-13
M-14
TO EXHIBIT M
To: | AIMCO Properties, L.P. | |
c/o AIMCO-GP, Inc. | ||
4582 South Ulster Street Parkway | ||
Suite 1100 | ||
Denver, Colorado 80237 | ||
Attention: Investor Relations |
M-I-1
Name of Limited Partner or Assignee: | ||||
Signature Guaranteed by: | ||||
M-I-2
or Certificates in the
name of:
or identifying number:
M-I-3
TO EXHIBIT M
OF
CLASS SIX PARTNERSHIP PREFERRED UNITS
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
OF
AIMCO PROPERTIES, L.P.,
Dated: | By |
2 | Not required if Units are issued pursuant to a current and effective registration statement under Act. |
M-II-1
Name:
M-II-2
THE CLASS SEVEN PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
N-1
N-4
TO EXHIBIT N
To: | AIMCO Properties, L.P. | |
c/o AIMCO-GP, Inc. | ||
4582 South Ulster Street Parkway | ||
Suite 1100 | ||
Denver, Colorado 80237 | ||
Attention: Investor Relations |
Name of Limited Partner or Assignee: | ||||
Signature of Limited Partner or Assignee) | ||||
(Street Address) | ||||
(continued on the next page) | (City) (State) (Zip Code) |
Issue check payable to or Certificates in the name of: | ||||
Please insert social security or identifying number: | ||||
Signature Guaranteed by: | ||||
TO EXHIBIT N
OF
CLASS SEVEN PARTNERSHIP PREFERRED UNITS
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
OF
AIMCO PROPERTIES, L.P.,
Dated: | By | |||
By: | ||
Name: | ||
Signature Guaranteed by: | ||
THE CLASS EIGHT PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
OF
CLASS EIGHT PARTNERSHIP PREFERRED UNITS
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
This certifies that | ||||
is the owner of | ||||
OF
AIMCO PROPERTIES, L.P.,
Dated: | By: | |||||
Name: | ||||||
Title: |
O-I-1
By: | ||||||||
Name: | ||||||||
Signature Guaranteed by: | ||||||||
O-I-2
THE CLASS T PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
P-1
P-2
P-3
P-4
THE CLASS U PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
Q-1
Q-2
Q-3
Q-4
THE CLASS V PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
R-1
R-2
R-3
R-4
THE CLASS W PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
S-1
S-2
S-3
S-4
S-5
THE CLASS Y PARTNERSHIP PREFERRED UNITS OF
AIMCO PROPERTIES, L.P.
T-1
T-2
T-3
T-4
THE CLASS VIII HIGH PERFORMANCE PARTNERSHIP UNITS OF
AIMCO PROPERTIES, L.P.
U-1
U-2
U-3
U-4
U-5
U-6
U-7
EXHIBIT U
Partnership Units on the Class VIII High Performance
Valuation Date
AIMCO | ||||||||||||||||
AIMCO | Equity | |||||||||||||||
Stock | Total | Outperformance | Capitalization | Number of | ||||||||||||
Price | Return | Return | (Thousands) | HPUs | ||||||||||||
$38.00 | 36.57 | % | 0 | % | $ | 3,962,506 | 50 | |||||||||
40.00 | 41.90 | % | 5.10 | % | $ | 3,962,506 | 219,855 | |||||||||
42.00 | 47.24 | % | 10.44 | % | $ | 3,962,506 | 430,892 | |||||||||
44.00 | 52.57 | % | 15.77 | % | $ | 3,962,506 | 625,046 | |||||||||
46.00 | 57.91 | % | 21.11 | % | $ | 3,962,506 | 804,266 | |||||||||
48.00 | 63.24 | % | 26.44 | % | $ | 3,962,506 | 970,210 | |||||||||
50.00 | 68.58 | % | 31.78 | % | $ | 3,962,506 | 1,060,990 | * | ||||||||
52.00 | 73.91 | % | 37.11 | % | $ | 3,962,506 | 1,060,990 | * |
* | The number of HPUs has been restricted based on the Dilution Limit. |
U-8
EXHIBIT U
Units | Certificate Number |
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
CLASS VIII HIGH PERFORMANCE PARTNERSHIP UNITS
By: AIMCO-GP, Inc., | ||||||
By: | ||||||
Name: | ||||||
Title: |
U-9
By: | ||||||
Name: |
U-10
THE CLASS IX HIGH PERFORMANCE PARTNERSHIP UNITS OF
AIMCO PROPERTIES, L.P.
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EXHIBIT V
Units on the Class IX High Performance Valuation Date
AIMCO | ||||||||||||||||
AIMCO | Out- | Equity | ||||||||||||||
Stock | Total | performance | Capitalization | Total Number of | ||||||||||||
Price | Return | Return | (thousands) | HPUs | ||||||||||||
$44 | 32.85 | % | 0.00 | % | $ | 4,087,976 | 50 | |||||||||
$46 | 38.04 | % | 1.24 | % | $ | 4,087,976 | 55,028 | |||||||||
$48 | 43.23 | % | 6.43 | % | $ | 4,087,976 | 273,716 | |||||||||
$50 | 48.42 | % | 11.62 | % | $ | 4,087,976 | 474,910 | |||||||||
$52 | 53.61 | % | 16.81 | % | $ | 4,087,976 | 660,627 | |||||||||
$54 | 58.80 | % | 22.00 | % | $ | 4,087,976 | 832,587 | |||||||||
$56 | 63.99 | % | 27.19 | % | $ | 4,087,976 | 992,264 | |||||||||
$58 | 69.17 | % | 32.37 | % | $ | 4,087,976 | 1,065,180 |
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EXHIBIT V
Units | Certificate Number |
FORMED UNDER THE LAWS OF THE STATE OF DELAWARE
CLASS IX HIGH PERFORMANCE PARTNERSHIP UNITS
By: AIMCO | -GP, Inc., | |||||
By: | ||||||
Name: | ||||||
Title: |
V-II-1
Dated: | By: | |||||
Name: |
V-II-2
SERIES A COMMUNITY REINVESTMENT ACT PERPETUAL
PARTNERSHIP PREFERRED UNITS
OF AIMCO PROPERTIES, L.P.
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