DAVIDSON DIVERSIFIED REAL ESTATE II LIMITED PARTNERSHIP (NONE)

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Ticker: NONE

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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APARTMENT INVESTMENT & MANAGEMENT CO

1 purchase — total 369,687 USD

Buy 12 Jan 2007

Value US$2,875,558.36 | Price 434.92 | Shares 98,551

APARTMENT INVESTMENT & MANAGEMENT CO

2 purchases — total 37,982 USD

Buy 29 Sep 2004

Value US$1,081,765.71 | Price 387.73 | Shares 61,065

Buy 29 Sep 2004

Value US$3,875,529.65 | Price 25.71 | Shares 64,951

APARTMENT INVESTMENT & MANAGEMENT CO

1 purchase — total 110,867 USD

Buy 13 Aug 2004

Value US$110,866.86 | Price 4,106.18 | Shares 27

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value
2007-01-17	2007-01-12	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	98,551 +20.7% 434.92 US$2,875,558	98,551 +20.7%	434.92	US$2,875,558
2004-10-22	2004-09-29	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	61,065 -34.6% 387.73 US$1,081,766	61,065 -34.6%	387.73	US$1,081,766
2004-10-22	2004-09-29	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	64,951 -45.9% 25.71 US$3,875,530	64,951 -45.9%	25.71	US$3,875,530
2004-08-16	2004-08-13	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	27 +4.4% 4,106.18 US$110,867	27 +4.4%	4,106.18	US$110,867

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