<SEC-DOCUMENT>0001493152-25-023431.txt : 20251114
<SEC-HEADER>0001493152-25-023431.hdr.sgml : 20251114
<ACCEPTANCE-DATETIME>20251114160512
ACCESSION NUMBER:		0001493152-25-023431
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251114
DATE AS OF CHANGE:		20251114

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APARTMENT INVESTMENT & MANAGEMENT CO
		CENTRAL INDEX KEY:			0000922864
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				841259577
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-48749
		FILM NUMBER:		251485796

	BUSINESS ADDRESS:	
		STREET 1:		4582 SOUTH ULSTER STREET
		STREET 2:		SUITE 1450
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237
		BUSINESS PHONE:		(303) 224-7900

	MAIL ADDRESS:	
		STREET 1:		4582 SOUTH ULSTER STREET
		STREET 2:		SUITE 1450
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Newtyn Management, LLC
		CENTRAL INDEX KEY:			0001569241
		ORGANIZATION NAME:           	
		EIN:				453017573
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		60 EAST 42ND STREET
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10165
		BUSINESS PHONE:		212-446-2465

	MAIL ADDRESS:	
		STREET 1:		60 EAST 42ND STREET
		STREET 2:		9TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10165
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Newtyn Management, LLC -->
          <cik>0001569241</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000922864</issuerCik>
        <issuerName>APARTMENT INVESTMENT &amp; MANAGEMENT CO</issuerName>
        <issuerCusip>03748R747</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>4582 South Ulster Street, Suite 1450,</com:street1>
          <com:city>Denver</com:city>
          <com:stateOrCountry>CO</com:stateOrCountry>
          <com:zipCode>80237</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Newtyn Management, LLC</reportingPersonName>
      <citizenshipOrOrganization>NY</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>7761846.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>7761846.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7761846.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.5</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <comments>See Item 2 for additional information.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>APARTMENT INVESTMENT &amp; MANAGEMENT CO</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>4582 South Ulster Street, Suite 1450, Denver, Colorado 80237</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>This report on Schedule 13G is being filed by Newtyn Management, LLC, a New York limited liability company (the "Reporting Person"). The Reporting Person is the investment manager to Newtyn TE Partners, LP, a Delaware limited partnership ("NTE"), and Newtyn Partners, LP, a Delaware limited partnership ("NP"). As of September 30, 2025, NTE held 4,836,369 shares of Class A Common Stock (the "Common Stock") of Apartment Investment and Management Company (the "Issuer") and NP held 2,925,477 shares of Common Stock of the Issuer. The Reporting Person, as the investment manager to NTE and NP, may be deemed to beneficially own these securities. Accordingly, as of September 30, 2025, the Reporting Person may be deemed to beneficially own the  7,761,846 shares of Class A Common Stock of the Issuer held in the aggregate by NTE and NP. Beneficial ownership percentages are based upon approximately 142,331,227 shares of Common Stock issued and outstanding as of August 8, 2025, based on information reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 11, 2025.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address for the Reporting Person is 60 East 42nd Street, 9th Floor, New York, NY 10165.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>The Reporting Person is organized under the laws of the State of New York.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>7,761,846.00</amountBeneficiallyOwned>
        <classPercent>5.5  %</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>7,761,846.00</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0.00</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>7,761,846.00</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0.00</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Newtyn Management, LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Eugene Dozortsev</signature>
        <title>Eugene Dozortsev, Authorized Signatory</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
