Who We Are

Apartment Income Investors, Inc. ("Aii") was formed in 1994 to capitalize on opportunities in the real estate market, with the primary focus on value-add and income-producing multifamily apartment buildings in Los Angeles County. The founder, Michael D. Chesser, spent 15 years in the public accounting arena working on several real estate projects. In the late 1980s, he began focusing on the acquisition of apartment properties with potential to generate significant cash-on-cash returns.

Since its inception, Aii has grown to become a multifaceted real estate investment and finance company. Aii has operated as the manager of various partnerships that have acquired, renovated and managed rental properties as well as developed ground-up construction with its partners.

read more


Aii employs a simple, yet proven strategy toward property acquisition and disposition. Our acquisition criteria involve identifying investment opportunities that provide a balance of price, quality, steady cash flow, location, risk, growth potential and rental upside.     read more

Contact Us

If you would like to hear about our investment opportunities, please contact us.