Davidson Diversified Real Estate Iii L P (NONE)

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

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APARTMENT INVESTMENT & MANAGEMENT CO

2 purchases — total 177 USD

Buy 25 Feb 2004

Value US$1,957,431.30 | Price 53.50 | Shares 1,544

Buy 25 Feb 2004

Value US$2,878,806.24 | Price 35.41 | Shares 82,277

APARTMENT INVESTMENT & MANAGEMENT CO

1 purchase — total 5,222 USD

Buy 31 Dec 2003

Value US$1,809,600.46 | Price 87.99 | Shares 72,204

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
2004-03-01	2004-02-25	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	1,544 53.50 US$1,957,431	1,544	53.50	US$1,957,431
2004-03-01	2004-02-25	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	82,277 -47.0% 35.41 US$2,878,806	82,277 -47.0%	35.41	US$2,878,806
2004-10-22	2003-12-31	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	72,204 -41.5% 87.99 US$1,809,600	72,204 -41.5%	87.99	US$1,809,600

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