0001047469-03-024776 Sample Contracts

UNDERWRITING AGREEMENT
Underwriting Agreement • July 22nd, 2003 • Apartment Investment & Management Co • Real estate investment trusts • New York

We (the "Manager") are acting on behalf of the underwriter or underwriters (including ourselves) named below (such underwriter or underwriters being herein called the "Underwriters"), and we understand that Apartment Investment and Management Company, a Maryland corporation (the "Company"), proposes to issue and sell to the Underwriters 6,000,000 shares of its 8.00% Class T Cumulative Preferred Stock (the "Equity Securities").

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