On March 9, 2023, Apartment Investment and Management Company announced that it promoted Kellie Dreyer to Senior Vice President and Chief Accounting Officer, effective March 7, 2023. In connection with Ms. Dreyer's promotion, the Company's Board of Directors designated Ms. Dreyer as the Company's Principal Accounting Officer. Ms. Dreyer, age 37, brings over 13 years of experience in public accounting and finance.

Previously, Ms. Dreyer was Vice President of Finance for the Company. Prior to that, Ms. Dreyer held several positions with Ernst & Young, LLP, most recently as Assurance Senior Manager from 2016 to 2022. Ms. Dreyer holds a bachelor's degree in Spanish, a bachelor's degree in Accountancy, and a Master of Accountancy, all from the University of Denver.

Ms. Dreyer will continue to participate in the Company's management incentive compensation program and be eligible to participate in the Company's 401(k) plan, health plans and other benefits upon terms commensurate with other executives at the level of Senior Vice President. There is no arrangement or understanding between Ms. Dreyer and any other persons pursuant to which she was promoted to Senior Vice President and Chief Accounting Officer and appointed as principal accounting officer. There are no family relationships existing between Ms. Dreyer and any executive officer or director of the Company.

There have been no transactions, nor are there any currently proposed, in which the Company was or is to be a participant and in which Ms. Dreyer or any member of her immediate family had, or will have, an interest.