Shelter Properties Iii LP (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 254 USD

Buy 29 Sep 2004

Value US$1,250,640.73 | Price 131.70 | Shares 83,370

APARTMENT INVESTMENT & MANAGEMENT CO

2 purchases — total 2,331 USD

Buy 25 Feb 2004

Value US$2,082,569.00 | Price 16.42 | Shares 83,341

Buy 25 Feb 2004

Value US$4,441,086.13 | Price 409.19 | Shares 93,651

APARTMENT INVESTMENT & MANAGEMENT CO

2 purchases — total 13,138 USD

Buy 31 Dec 2003

Value US$0.00 | Price 0.00 | Shares 0

Buy 31 Dec 2003

Value US$13,137.80 | Price 21.19 | Shares 620

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	83,370 -5.8% 131.70 US$1,250,641	83,370 -5.8%	131.70	US$1,250,641
2004-03-02	2004-02-25	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	83,341 16.42 US$2,082,569	83,341	16.42	US$2,082,569
2004-03-02	2004-02-25	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	93,651 +44.7% 409.19 US$4,441,086	93,651 +44.7%	409.19	US$4,441,086
2004-01-30	2003-12-31	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	0 0.00 US$0	0	0.00	US$0
2004-01-30	2003-12-31	B Purchase	APARTMENT INVESTMENT & MANAGEMENT CO Large shareholder	620 +3.6% 21.19 US$13,138	620 +3.6%	21.19	US$13,138

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