BNET Industries
Market Cap:$1.5B
Last Fiscal Year Sales:$1.4B
- Public
- US
Dow Jones Description
Real Estate Investment Trust
Chief Investment Officer, Executive Vice President & President, CEO, Aimco Capital
David R. RobertsonNumber of Employees 4,500
Contact Information
4582 S Ulster St Pkwy Ste 1100
Denver, Colorado 80237
(303) 757-8101
Peer Companies
NAICS Code : 525930
Recent Events
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Apartment Investment and Management Company (NYSE: AIV) Announces Third Quarter 2009 Results
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Apartment Investment and Management Co. AIV Declares $0.10 Quarterly Dividend; 3% Yield
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Apartment Investment And Management Promotes Ernie Freedman To EVP And CFO - Quick Facts
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Bank of American Downgrades Apartment Investment and Management AIV to Underperform
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Analyst Downgrades for October 14th
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Apartment Investment and Management Company Third Quarter 2009 Earnings to Be Released on October 30,...
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Apartment Investment & Management Q2 FFO Declines, Tops Estimates; Cuts FY09 FFO Forecast - Update
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Apartment Investment and Management Company Declares Quarterly Dividend on Class...
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Apartment Investment and Management Company Second Quarter 2009 Earnings to be Released...
News & Analysis
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apartment investment & management co. - All News and Analysis
Apartment Investment and Management Co. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator instructions Our first question comes from Michelle Ko, Bank of America-Merrill Lynch. Michelle Ko – Bank of America-Merrill Lynch Hi, good morning. I was wondering if you could talk a little bit about your acquisition plans for next year. You are saying that you...
Case-Shiller: Home Prices Are Actually Rising
Zacks.com submits: The Case-Shiller composite index of housing prices in 20 major metropolitan areas rose 0.7% on a seasonally adjusted basis in June, following an essentially unchanged reading in May. The not-seasonally-adjusted numbers were even better and what most of the press coverage were initially focused on....
Apartment Investment and Management Company Q2 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Jonathan Habermann – Goldman Sachs. Jonathan Habermann – Goldman Sachs Interesting comments about starting to raise rent a little bit as occupancy is firming. Can you give us some further details about how much you're looking to increase rents, which...
Apartment Investment and Management Company Q2 2009 Earnings Call Transcript
Apartment Investment and Management Company AIV Q2 2009 Earnings Call July 31, 2009 1:00 pm ET
Apartment Investment and Management Company Q1 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Our first question comes from David Tody – Citi. David Tody – Citigroup Can you just walk us through what your plan B is for the term loan, assuming that asset sales don’t quite meet expectations? David Robertson It obviously is not a binary...
Apartment Investment and Management Company Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator instructions Our first question comes from David Bragg of Bank of America. Please go ahead. David Bragg – Bank of America Yes, thank you. Could you talk a little bit more about the dividend decision and your thoughts on the cash versus stock opportunity?...
Earnings Preview: Apartment Investment and Management Company
Apartment Investment and Management Company AIV, or Aimco, is expected to report Q4 earnings before market open Friday, February 6 with a conference call scheduled for 1:00 pm ET. Guidance The consensus estimate for EPS is 59c and the consensus estimate for revenue is $373.76M, according to First Call. The...
Apartment Investment & Management Co. Q3 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Operator Instructions Your first question comes from Jay Haberman – Goldman Sachs. Jay Haberman – Goldman Sachs You know, Terry, you mentioned the significant difference between the private markets values of your assets and the stock price. Can you just expand a...
Earnings Preview: Apartment Investment & Management
Apartment Investment & Management AIV, a REIT, is expected to report Q3 earnings before market open Friday, October 31, with a conference call scheduled for 1:00 pm. Guidance Analysts are looking for EPS of 80c on revenue of $377.01M. The consensus range for EPS is 75c to 90c, while the...
Despite Credit Crisis, Some REITs Are Doing Well
Research Recap submits: US Real Estate Investment Trusts seem to be faring quite well in the current credit crisis, a new report from Fitch Ratings indicates. by Research Recap
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| David R. Robertson | Chief Investment Officer, Executive Vice President & President, CEO, Aimco Capital |
| Timothy J. Beaudin | Co-President & COO |
| Harry G. Alcock | Chief Investment Officer |
| Miles Cortez | Chief Admin Officer & Executive Vice President |
| Paul J. McAuliffe | CFO & Executive Vice President, Investor Relations |
| R. Scott Wesson | CIO & Senior Vice President |
| Robert Y. Walker | CFO, Property Operations & Executive Vice President |
| Anthony R. DAlto | Executive Vice President, Property Operations |
| James G. Purvis | Executive Vice President, Hr |
| Lance J. Graber | Executive Vice President, Aimco Capital Transactions East |
| Lisa R. Cohn | General Counsel, Secretary & Executive Vice President |
| Patti K. Fielding | Treasurer & Executive Vice President, Securities, Debt |
| Becky Holeman | Senior Vice President |
| Brian Shuman | Senior Vice President, Financial Planning and Analysis |
| Craig Zeutzius | Senior Vice President, Portfolio Mgmt |
| Dennis Martin | Senior Vice President, Strategic Initiatives |
| Donald Baumann | Senior Vice President, Income Dev |
| Duke Daugherty | Senior Vice President, Risk Mgmt |
| Eric L. Hilty | Senior Vice President |
| H. Lynn Stanfield | Senior Vice President, Tax |
| John Spiegleman | Senior Vice President |
| Leeann Morein | Senior Vice President, Performance Mgmt |
| Martha J. Long | Senior Vice President |
| Martha L. Long | Senior Vice President, Partnership Transactions |
| Melanie French | Senior Vice President, Learning and Development |
| Michael Karsner | Senior Vice President, Conventional Operations |
| Patti Shwayder | Senior Vice President, Govt Relations & Comm |
| R. Lee Montgomery | Senior Vice President, Revenue Mgmt, Analytics |
| Richard K. Barrett | Senior Vice President, Strategic Sourcing |
| Scott Anderson | Senior Vice President, Technical Accounting Standards |
| Sherlyn M. Keiling | Senior Vice President, Performance Excellence |
| Stephen D. Crane | Senior Vice President, Property Tax |
| Terri C. Heredia | Senior Vice President, Talent |
| Anthony D’Alto | Division Vice President, Gulf |
| Charles Viale | Regional Vice President, Indianapolis |
| Cynthia Eichner | Vice President, Corp Comm |
| Dan J. Kistel | Regional Vice President, Tampa |
| David H. Carline | Regional Vice President, Columbus |
| David J. Zweig | Division Vice President, East |
| David Pian | Regional Vice President, New York City |
| Dennis O' Riley | Regional Vice President, Atlanta |
| Elizabeth Coalson | Vice President, IR |
| Jeffrey Kimes | Regional Vice President, Denver |
| Joe Borges | Regional Vice President, Houston |
| John Angelo | Regional Vice President, Orlando |
| Keith Kimmel | Regional Vice President, California |
| Lynn Bora | Regional Vice President, Boston |
| Michele M. Wilson | Regional Vice President, Philadelphia |
| Paul Hemmert | Regional Vice President, Dallas |
| Peter K. Kompaniez | Division Vice President, Pacific |
| Regina Harris | Regional Vice President, Richmond |
| Stephen C. Peters | Regional Vice President, Phoenix |
| Susan Ridgeway | Regional Vice President, Rockville |
| Thomas Seeger | Division Vice President, Midwest |
| Cindy Duffy | Director, Corp Comm |
| Dan C First Impressions |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Terry Considine | Board Chairman |
| J. Landis Martin | Board of Directors |
| Michael A. Stein | Board of Directors |
| Richard S. Ellwood | Board of Directors |
| Robert A. Miller | Board of Directors |
| Thomas L. Keltner | Board of Directors |
| Thomas L. Rhodes | Board of Directors |
Mr. Robertson has been Executive Vice President since February 2002, President and Chief Executive Officer of Aimco Capital since October 2002, and Chief Investment Officer since March 2007. In addition to serving as Chairman of Aimco’s Investment Committee, Mr. Robertson is responsible for portfolio strategy, capital allocation, investments, joint ventures, asset management and transaction activities. Since February 1996, Mr. Robertson has served as Chairman of Robeks Corporation, a 150-unit privately held chain of specialty food stores that he founded.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Chief Investment Officer, Executive Vice President & President, CEO, Aimco Capital | Current |
| Aimco Capital | CEO | Former |
| Apartment Investment & Management Co. | CFO, Co-President & Chief Investment Officer | Former |
| Aimco Capital | President | Former |
| Aimco Properties L.P. | Executive Vice President | Former |
| Smith Barney | Investment Banking Group Member | Former |
Mr. Beaudin was appointed Executive Vice President and Chief Development Officer in October 2005. Prior to joining Aimco and beginning in 1995, Mr. Beaudin was with Catellus Development Corporation, a San Francisco, California-based real estate investment trust. During his last five years at Catellus, Mr. Beaudin served as Executive Vice President, with management responsibility for development, construction and asset management.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Co-President & COO | Current |
| Catellus Development Corporation | Executive Vice President | Former |
| Apartment Investment & Management Co. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Chief Investment Officer | Current |
| Apartment Investment & Management Co. | Executive Vice President, Aimco Capital, Transactions West | Current |
Mr. Cortez was appointed Executive Vice President and Chief Administrative Officer in December 2007. Mr. Cortez joined Aimco in August 2001 as Executive Vice President, General Counsel and Secretary. Prior to joining the Company, Mr. Cortez was the senior partner of Cortez Macaulay Bernhardt & Schuetze LLC, a Denver, Colorado law firm, from December 1997 through September 2001. He served as president of the Colorado Bar Association from 1996 to 1997 and the Denver Bar Association from 1982 to 1983.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Chief Admin Officer & Executive Vice President | Current |
| Apartment Investment & Management Co. | Secretary | Current |
| Denver Bar Association | President | Former |
| Aimco Properties L.P. | General Counsel, Executive Vice President & Secretary | Former |
| Apartment Investment & Management Co. | General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | CFO & Executive Vice President, Investor Relations | Current |
| Aimco Properties L.P. | Executive Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | CIO & Senior Vice President | Current |
Mr. Walker was appointed Senior Vice President in August 2005 and became Chief Accounting Officer in November 2005. He was promoted to Executive Vice President in July 2006 and in January 2007 became the Chief Financial Officer of Property Operations, which includes financial oversight of Redevelopment. From June 2002 until he joined Aimco, Mr. Walker served as Senior Vice President and Chief Financial Officer at Miller Global Properties, LLC, a Denver-based private equity, real estate fund manager. From May 1997 to June 2002, Mr. Walker was employed by GE Real Estate, serving as Global Controller from May 2000 to June 2002.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | CFO, Property Operations & Executive Vice President | Current |
| Aimco Properties L.P. | Chief Accounting Officer & Senior Vice President | Former |
Mr. D’Alto was appointed Executive Vice President — Property Operations in December 2007 and is responsible for day-to-day property operations. Mr. D’Alto joined Aimco in December 2003 as a Regional Vice President and was promoted to Division Vice President for the Gulf Division in November 2004. Prior to joining Aimco, Mr. D’Alto served for approximately 30 years in various operating positions primarily in the automotive and rental car industry, most recently from 1999 to 2002 as Senior Vice President of ANC Rental Corporation where he was responsible for the operations of its subsidiaries, Alamo Rent-a-Car, LLC and National Car Rental System, Inc.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Executive Vice President, Property Operations | Current |
Mr. Purvis was appointed Executive Vice President — Human Resources in February 2003. Prior to joining Aimco, from October 2000 to February 2003, Mr. Purvis served as the Vice President of Human Resources at SomaLogic, Inc., a privately held biotechnology company in Boulder, Colorado.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Executive Vice President, Hr | Current |
| Aimco Properties L.P. | Executive Vice President, Hr | Former |
Mr. Graber was appointed Executive Vice President in October 1999. He focuses on transactions related to Aimco’s portfolio of properties in the eastern portion of the United States.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Executive Vice President, Aimco Capital Transactions East | Current |
| Aimco Capital | Executive Vice President | Former |
| Aimco Properties L.P. | Executive Vice President | Former |
Ms. Cohn was appointed Executive Vice President, General Counsel and Secretary in December 2007. From January 2004 to December 2007, Ms. Cohn served as Senior Vice President and Assistant General Counsel. She joined Aimco in July 2002 as Vice President and Assistant General Counsel. Prior to joining the Company, Ms. Cohn was in private practice with the law firm of Hogan & Hartson LLP.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | General Counsel, Secretary & Executive Vice President | Current |
| Apartment Investment & Management Co. | Senior Vice President | Former |
Ms. Fielding was appointed Executive Vice President — Securities and Debt in February 2003 and Treasurer in January 2005. She is responsible for debt financing and the treasury department. From January 2000 to February 2003, Ms. Fielding served as Senior Vice President — Securities and Debt. Ms. Fielding joined the Company as a Vice President in February 1997.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Treasurer & Executive Vice President, Securities, Debt | Current |
| Apartment Investment & Management Co. | Treasurer | Current |
| Aimco Properties L.P. | Executive Vice President & Treasurer | Former |
| Hanover Capital Partners Ltd. | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President | Current |
| Apartment Investment & Management Co. | Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Financial Planning and Analysis | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Portfolio Mgmt | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Strategic Initiatives | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Income Dev | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Risk Mgmt | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President | Current |
| Apartment Investment & Management Co. | Assistant Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Tax | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President | Current |
| Apartment Investment & Management Co. | Assistant General Counsel | Former |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Performance Mgmt | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President | Current |
| Apartment Investment & Management Co. | Controller | Former |
| Bob Jones University | Bachelors Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Partnership Transactions | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Learning and Development | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Conventional Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Govt Relations & Comm | Current |
| National Stroke Association | CEO | Former |
| University of Colorado | Masters Degree | Former |
| Brown University | Bachelors Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Revenue Mgmt, Analytics | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Strategic Sourcing | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Technical Accounting Standards | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Performance Excellence | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Property Tax | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Senior Vice President, Talent | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Division Vice President, Gulf | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Indianapolis | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Vice President, Corp Comm | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Tampa | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Columbus | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Division Vice President, East | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, New York City | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Atlanta | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Vice President, IR | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Denver | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Houston | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Orlando | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, California | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Boston | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Philadelphia | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Dallas | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Division Vice President, Pacific | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Richmond | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Phoenix | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Regional Vice President, Rockville | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Division Vice President, Midwest | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Director, Corp Comm | Current |
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Current |
| Organization | Position | Status |
|---|---|---|
| Aimco Properties L.P. | Chairman & CEO | Current |
| Apartment Investment & Management Co. | Board Chairman | Current |
| Intrepid Potash | Board of Directors | Current |
| Property Asset Management Inc. | Chairman, President & CEO | Former |
| Apartment Investment & Management Co. | President | Former |
| Apartment Investment & Management Co. | Founder | Former |
| Colorado State | Senator | Former |
| Harvard University | J.D. | Former |
| Harvard University | B.A. In English History | Former |
J. Landis Martin has been Chairman of the Board of TIMET since 1987, Chief Executive Officer of TIMET since 1995 and President since 2000 and previously from 1995 to 1996. Mr. Martin is also a director of Halliburton Company, Apartment Investment and Management Company and Trico Marine Services Inc. and is a director and non-executive chairman of Crown Castle International Corporation.
| Organization | Position | Status |
|---|---|---|
| Titanium Metals Corporation | Chairman, President and Chief Executive Officer | Current |
| Platte River Ventures | Founder and Managing Director | Current |
| Intrepid Potash | Founder | Current |
| Crown Castle International Corp. | Chairman of the Board of Directors | Current |
| Halliburton Company | Director | Current |
| Intrepid Potash | Director | Current |
| Apartment Investment & Management Co. | Board of Directors | Current |
| Intrepid Mining, LLC | Director | Current |
| Baroid Corporation | Chief Executive Officer | Former |
| Nl Industries, Inc. | Chief Executive Officer | Former |
| Nl Industries, Inc. | President | Former |
| Baroid Corporation | Chairman | Former |
| Intrepid Potash | Chairman | Former |
| Crown Castle International Corp. | Board of Directors | Former |
| Northwestern University | J.D. Degree | Former |
| Northwestern University School of Law | J.D. | Former |
| Northwestern University | B.S.B.A. In Business Administration and Economics | Former |
| Northwestern University School of Law | B.S. | Former |
| Organization | Position | Status |
|---|---|---|
| Buycialisnow.Com | Senior Vice President, Chief Financial Officer | Current |
| ICOS Corporation | Vice President, CFO | Current |
| ICOS Corporation | CFO & Senior Vice President | Current |
| Getty Images, Inc. | Chairman | Current |
| Oregon, Inc. | Board of Directors | Current |
| Apartment Investment & Management Co. | Board of Directors | Current |
| Montana, Inc. | Board of Directors | Current |
| California Inc | Board of Directors | Current |
| Nautilus Inc. | Board of Directors | Current |
| Nordstrom, Inc. | Chief Financial Officer | Former |
| Marriott International, Inc. | Chief Financial Officer | Former |
| Nordstrom, Inc. | Executive Vice President | Former |
| Marriott International, Inc. | Executive Vice President | Former |
| Apartment Investment & Management Co. | Director | Former |
| University of Maryland | B.S. In Business Administration | Former |
Mr. Ellwood was first elected as a Director of the Company in July 1994. Mr. Ellwood is currently a member of the Audit, Compensation and Human Resources, and Nominating and Corporate Governance Committees. Mr. Ellwood was the founder and President of R.S. Ellwood & Co., Incorporated, which he operated as a real estate investment banking firm until December 31, 2004. Prior to forming his firm, Mr. Ellwood had 31 years experience on Wall Street as an investment banker, serving as: Managing Director and senior banker at Merrill Lynch Capital Markets from 1984 to 1987; Managing Director at Warburg Paribas Becker from 1978 to 1984; general partner and then Senior Vice President and a director at White, Weld & Co. from 1968 to 1978; and in various capacities at J.P. Morgan & Co. from 1955 to 1968. Mr. Ellwood currently serves as a director of Felcor Lodging Trust, Incorporated, a publicly held company. He also serves as a trustee of the Diocesan Investment Trust of the Episcopal Diocese of New Jersey and is chairman of the diocesan audit committee.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Board of Directors | Current |
Mr. Miller was first elected as a Director of the Company in April 2007 and is currently a member of the Audit, Compensation and Human Resources, and Nominating and Corporate Governance Committees. Mr. Miller has served as the President of Marriott Leisure since 1997. Prior to Marriott Leisure, from 1984 to 1988, Mr. Miller served as Executive Vice President & General Manager of Marriott Vacation Club International and then as its President from 1988 to 1997. In 1984, Mr. Miller and a partner sold their company, American Resorts, Inc., to Marriott. Mr. Miller co-founded American Resorts, Inc. in 1978, and it was the first business model to encompass all aspects of timeshare resort development, sales, management and operations. Prior to founding American Resorts, Inc., from 1972 to 1978 Mr. Miller was Chief Financial Officer of Fleetwing Corporation, a regional retail and wholesale petroleum company. Prior to joining Fleetwing, Mr. Miller served for five years as a staff accountant for Arthur Young & Company. Mr. Miller is past Chairman of the American Resort Development Association (ARDA) and currently serves as Chairman of the ARDA International Foundation.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Board of Directors | Current |
Mr. Keltner was first elected as a Director of the Company in April 2007 and is currently a member of the Audit, Compensation and Human Resources, and Nominating and Corporate Governance Committees. In March 2007, Mr. Keltner became the Executive Vice President and Chief Executive Officer — Americas and Global Brands for Hilton Hotels Corporation. Mr. Keltner joined Hilton Hotels Corporation in 1999 and has served in various roles. Mr. Keltner has more than 20 years of experience in the areas of hotel development, acquisition, disposition, franchising and management. Prior to joining Hilton Hotels Corporation, from 1993 to 1999 Mr. Keltner served in several positions with Promus Hotel Corporation, including President, Brand Performance and Development. Before joining Promus Hotel Corporation, he served in various capacities with Holiday Inn Worldwide, Holiday Inns International and Holiday Inns, Inc. In addition, Mr. Keltner was President of Saudi Marriott Company, a division of Marriott Corporation, and was a management consultant with Cresap, McCormick and Paget, Inc.
| Organization | Position | Status |
|---|---|---|
| Apartment Investment & Management Co. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| American Land Lease, Inc. | ViceChairman | Current |
| Apartment Investment & Management Co. | Board of Directors | Current |
| American Land Lease, Inc. | Board of Directors | Current |
| The Goldman Sachs Group, Inc. | General Partner | Former |
| Delphi Financial Group, Inc. | Director | Former |
| American Land Lease, Inc. | Co-Chairman, Vice Chairman | Former |


