National Property Investors 8 (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 35 USD

Buy 29 Sep 2004

Value US$3,055,098.98 | Price 24.55 | Shares 5,397

APARTMENT INVESTMENT & MANAGEMENT CO

2 purchases — total 211 USD

Buy 25 Feb 2004

Value US$942,460.06 | Price 108.33 | Shares 46,505

Buy 25 Feb 2004

Value US$1,558,129.04 | Price 461.17 | Shares 35,650

APARTMENT INVESTMENT & MANAGEMENT CO

2 purchases — total 867,335 USD

Buy 31 Dec 2003

Value US$0.00 | Price 0.00 | Shares 0

Buy 31 Dec 2003

Value US$867,335.04 | Price 2,471.04 | Shares 351

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
2004-10-22	2004-09-29	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	5,397 -14.1% 24.55 US$3,055,099	5,397 -14.1%	24.55	US$3,055,099
2004-03-02	2004-02-25	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	46,505 108.33 US$942,460	46,505	108.33	US$942,460
2004-03-02	2004-02-25	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	35,650 -7.4% 461.17 US$1,558,129	35,650 -7.4%	461.17	US$1,558,129
2004-01-16	2003-12-31	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	0 0.00 US$0	0	0.00	US$0
2004-01-16	2003-12-31	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	351 +3.4% 2,471.04 US$867,335	351 +3.4%	2,471.04	US$867,335

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