<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001493152-25-023431</previousAccessionNumber>
    <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>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Class A Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/18/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000922864</issuerCik>
        <issuerName>APARTMENT INVESTMENT &amp; MANAGEMENT CO</issuerName>
        <issuerCusips>
          <issuerCusipNumber>03748R747</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>4582 South Ulster Street,</com:street1>
          <com:street2>Suite 1450,</com:street2>
          <com:city>Denver,</com:city>
          <com:stateOrCountry>CO</com:stateOrCountry>
          <com:zipCode>80237</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Newtyn Management, LLC</reportingPersonName>
      <citizenshipOrOrganization>NY</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>11600000.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>11600000.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>11600000.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>8.1</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <comments>See Item 2 for additional information.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Newtyn TE Partners, LP</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>7238399.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>7238399.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>7238399.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.0</classPercent>
      <typeOfReportingPerson>PN</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 (i) Newtyn Management, LLC, a New York limited liability company ("Newtyn Management"), and (ii) Newtyn TE Partners, LP, a Delaware limited partnership ("NTE", and collectively with Newtyn Management, the "Reporting Persons"). Newtyn Management is the investment manager to NTE and Newtyn Partners, LP, a Delaware limited partnership ("NP").

As of March 18, 2026, NTE held 7,238,399 shares of Class A Common Stock (the "Common Stock") of Apartment Investment and Management Company (the "Issuer") and NP held 4,361,601 shares of Common Stock of the Issuer. Newtyn Management, as the investment manager to NTE and NP, may be deemed to beneficially own these securities. Accordingly, as of March 18, 2026, Newtyn Management may be deemed to beneficially own the  11,600,000 shares of Common Stock of the Issuer held in the aggregate by NTE and NP. Beneficial ownership percentages are based upon approximately 143,870,326 shares of Common Stock issued and outstanding as of February 27, 2026, based on information reported by the Issuer in its Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2026.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>The address for the Reporting Persons is 60 East 42nd Street, 12th Floor, New York, NY 10165.</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Newtyn Management is organized under the laws of the State of New York. NTE is organized under the laws of the State of Delaware.</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>Newtyn Management - 11,600,000.00
NTE - 7,238,399.00</amountBeneficiallyOwned>
        <classPercent>Newtyn Management - 8.1%
NTE - 5.0%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Newtyn Management - 11,600,000.00
NTE - 7,238,399.00</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Newtyn Management - 0.00
NTE - 0.00</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Newtyn Management - 11,600,000.00
NTE - 7,238,399.00</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Newtyn Management - 0.00
NTE - 0.00</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <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 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>03/25/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Newtyn TE Partners, LP</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Eugene Dozortsev</signature>
        <title>Eugene Dozortsev, Authorized Signatory of Newtyn Management, LLC, the Investment Manager</title>
        <date>03/25/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureComments>Exhibit 1 - Joint Filing Agreement, dated March 25, 2026, by and among Newtyn Management, LLC and Newtyn TE Partners, LP.</signatureComments>
  </formData>

</edgarSubmission>
