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Terry Considine
Terry M. Considine (born 1947) is the founder of Aimco and a former Republican politician.
Considine was born in San Diego as the 4th of 11 children of an Irish Catholic family and was raised on a cattle ranch in Southern California. At age 13, he left California to attend the Groton School, a private boarding school in Groton, Massachusetts; he graduated in 1965.
In 1969, Considine graduated from Harvard University with a Bachelor of Arts degree; in 1971 he received a Juris Doctor from Harvard. He initially received a student deferment from the Vietnam War and was later disqualified for service because of a bad back.
After graduating, he worked for Cabot, Cabot, and Forbes, which sponsored a real estate investment trust under his leadership.
In 1975, after the 1973–1975 recession, he founded The Considine Companies, a property-management firm that specialized in troubled real estate. In 1981, he moved to Colorado.
In 1981, he acquired the El Cortez Hotel in partnership with the Bass Brothers from Morris Cerullo. He sold his interest to the Bass Brothers and they sold the hotel in 1987.
In 1987, he acquired 75% of McDermott, Stein and Ira Marketing Management (MSI), the largest fee-operated apartment management company in Denver.
In 1994, along with associates Steve Ira, Peter Kompaniez, and Robert Lacey, he contributed his apartment business to form Aimco, which became a public company via an initial public offering that year.
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Terry Considine
Terry M. Considine (born 1947) is the founder of Aimco and a former Republican politician.
Considine was born in San Diego as the 4th of 11 children of an Irish Catholic family and was raised on a cattle ranch in Southern California. At age 13, he left California to attend the Groton School, a private boarding school in Groton, Massachusetts; he graduated in 1965.
In 1969, Considine graduated from Harvard University with a Bachelor of Arts degree; in 1971 he received a Juris Doctor from Harvard. He initially received a student deferment from the Vietnam War and was later disqualified for service because of a bad back.
After graduating, he worked for Cabot, Cabot, and Forbes, which sponsored a real estate investment trust under his leadership.
In 1975, after the 1973–1975 recession, he founded The Considine Companies, a property-management firm that specialized in troubled real estate. In 1981, he moved to Colorado.
In 1981, he acquired the El Cortez Hotel in partnership with the Bass Brothers from Morris Cerullo. He sold his interest to the Bass Brothers and they sold the hotel in 1987.
In 1987, he acquired 75% of McDermott, Stein and Ira Marketing Management (MSI), the largest fee-operated apartment management company in Denver.
In 1994, along with associates Steve Ira, Peter Kompaniez, and Robert Lacey, he contributed his apartment business to form Aimco, which became a public company via an initial public offering that year.