v3.26.1
Fair Value Measurements and Investments (Tables)
 12 Months Ended
Dec. 31, 2025
EBP 003  
EBP, Investment, Fair Value and NAV [Line Items]  
Schedule of Investments Measured at Fair Value on a Recurring Basis

The Plan’s investments are held in trust by Fidelity. The valuation methodologies used to measure the fair values of common stock and mutual funds use a market approach with quoted market prices from active markets, which are classified within Level 1 of the fair value hierarchy. Investments measured at fair value on a recurring basis consisted of the following investments:

 

 

December 31, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Measured at NAV

 

 

Total

 

Aimco common stock (1)

 

$

104,508

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

104,508

 

Interest-bearing cash held by Aimco Stock Fund (2)

 

 

1,119

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,119

 

Mutual funds (3)

 

 

10,874,682

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

10,874,682

 

Common collective trust fund (4)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

92,276

 

 

 

92,276

 

Total investments measured at fair value

 

$

10,980,309

 

 

$

—

 

 

$

—

 

 

$

92,276

 

 

$

11,072,585

 

 

 

 

December 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Measured at NAV

 

 

Total

 

Aimco common stock (1)

 

$

122,492

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

122,492

 

Interest-bearing cash held by Aimco Stock Fund (2)

 

 

1,126

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,126

 

Mutual funds (3)

 

 

8,692,709

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8,692,709

 

Common collective trust fund (4)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

74,218

 

 

 

74,218

 

Total investments measured at fair value

 

$

8,816,327

 

 

$

—

 

 

$

—

 

 

$

74,218

 

 

$

8,890,545

 

(1) The fair value of the Aimco common stock is based on the closing price per the New York Stock Exchange. As of December 31, 2025, and December 31, 2024, this fund held 17,594 and 13,475 shares of Aimco common stock, respectively.

(2) The carrying value of the interest-bearing cash approximates fair value.

(3) The fair values of the mutual funds are based on the closing prices as reported by the funds. Mutual funds held by the Plan are open-ended mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

(4) The Fidelity Managed Income Portfolio II (“MIP”) Fund is a common collective trust fund designed to deliver safety and stability by preserving principal and accumulating earnings. This fund is primarily invested in guaranteed investment contracts and synthetic investment contracts. Participant-directed redemptions have no restrictions; however, the Plan is required to provide a one-year redemption notice to liquidate its entire share in the fund. There are no unfunded commitments associated with this fund. Investments in the Fidelity MIP Fund are recorded at fair value, using the NAV practical expedient. The fair value of the Fidelity MIP Fund has been estimated based on the fund’s NAV provided by Fidelity, which is based on the contract value of the underlying investment contracts held by the fund. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Net Assets Available for Benefits.