Terry Considine

Terry M. Considine (born 1947) is a former Republican politician and is the founder, chairman, and CEO of Aimco.[1] He has been an active real estate investor for more than 45 years, serving four REITs (Real Estate Investment Trust) as CEO[2]. He is a co-founder and member of the board of directors of Club for Growth, a conservative organization.[3] He is also a member of the board of directors of the Bradley Foundation, a charitable foundation that promotes American exceptionalism, [4] and Intrepid Potash.[5]

Terry M. Considine
Born1947 (age 72–73)
San Diego
Alma materHarvard University
OccupationCEO of Aimco
Known forCEO of Aimco
Colorado State Senator
Home townDenver, Colorado

Biography

Early life and education

Considine was born in San Diego as the 4th of 11 children and was raised on a cattle ranch in Southern California.[2] He went on to graduate high school from the Groton School in Groton, Massachusetts in 1965.[6]

In 1968, he graduated from Harvard University with a Bachelor of Arts degree and, in 1971, he received a Juris Doctor, also from Harvard.[1]

Career

In 1971, while in law school, Considine helped lead the IPO of CC&F Land Trust (NYSE).[7]

In 1975, after the 1973–74 stock market crash, he founded The Considine Companies.

In 1981, he acquired the El Cortez Hotel for $6 million in partnership with Bass Brothers Realty Corporation. The hotel was sold in 1987.[8]

In 1987, he acquired 75% of McDermott, Stein and Ira Marketing Management (MSI), the largest fee-operated apartment management company in Denver.

Considine is the Founder, Chairman and CEO of Aimco, whose shares are included in the S&P 500. As one of the largest owners and operators of apartment homes in the United States, Aimco provides apartment homes in 17 states and the District of Columbia. In 1994, he executed an initial public offering of Aimco.[2] The company is listed on the NYSE and has been named a Top Place to Work by the Denver Post for seven consecutive years.[9]

Politics

In 1986, Considine ran unsuccessfully for the Republican nomination to the U.S. Senate.[10] His campaign adviser was Roger Ailes. The campaign was thrown into controversy after he called immigrants from Latin America "wetbacks".[11]

In 1987, Considine went on to serve in the Colorado State Senate and served as a republican member from 1987 to 1992.[12]

He was the primary organizer of an initiative that led to Colorado being the first state to impose term limits on the governor and state legislature.[13]

He left the state Senate early in 1992 to pursue the open seat in the United States Senate created by the decision of Democrat Tim Wirth to forgo a bid for a second term.[13] Considine was defeated in the 1992 general election by Democrat Ben Nighthorse Campbell.[14]

Philanthropy

Considine and his wife Betsy Callaway Considine provide charitable support, primarily to education and faith-based causes, including Compositive Primary, a workplace primary school located on the Anschutz Medical Campus in Aurora, CO.[15] Considine and his wife have established the Considine Family Foundation. In 2017, it endowed a Harvard Law School professorship in honor of the late Antonin Scalia.[16]

Through Aimco, Considine helps lead the company’s charitable efforts with an emphasis on supporting U.S. military veterans and helping make college attainable for lower-income residents within affordable housing communities.[17]

Recognition

Considine has been elected to the Colorado Business Hall of Fame[18] and to the Colorado Apartment Hall of Fame[19]. Considine has been awarded an honorary degree from Colorado Christian University.[20]

He was honored the Adam Smith Award in October 2019 by Economic Literacy Colorado, for his commitment to economic education in Colorado schools.[21]

Personal life

Considine has been married for 42 years to his wife Betsy Callaway Considine. The couple are actively involved in education reform and ranching in western Colorado.

They have three adult children and three grandchildren. [22]

References
  1. "Executive Profile: Terry Considine J.D." Bloomberg L.P.
  2. "TERRY CONSIDINE". Colorado Business Hall of Fame.
  3. "Board of Directors". Club for Growth.
  4. "Board of Directors". Bradley Foundation.
  5. "Terry Considine: Director". Intrepid Potash.
  6. "History of Apartment Investment and Management Company – FundingUniverse". www.fundinguniverse.com. Retrieved 2020-05-08.
  7. "Terry Considine". COLORADO BUSINESS HALL OF FAME. Retrieved 2020-05-08.
  8. KRAUL, CHRIS (February 28, 1987). "Renovation Planned : El Cortez Hotel Bought by Hotelier Grosvenor". Los Angeles Times.
  9. "Top Workplaces | Aimco". TopWorkplaces. Retrieved 2020-05-08.
  10. Johnson, Dirk (29 September 1992). "A Candidate Attuned to Colorado's Quirky Rhythm". The New York Times. Retrieved 9 May 2020.
  11. Schwartz, Maralee (June 6, 1986). "Candidate Perfect Until He Started Discussing Issues". The Washington Post.
  12. "Terry Considine's Contract Extended As Aimco's CEO". Bisnow. Retrieved 2020-05-08.
  13. SAHAGUN, LOUIS (October 20, 1992). "Colorado Contest Takes on Nasty Character : Democratic Rep. Ben Nighthorse Campbell trades charges with former GOP state Sen. Terry Considine". Los Angeles Times.
  14. "Election Night Highlights Across the U.S." Los Angeles Times. November 4, 1992.
  15. Casey, Chris. "Workplace-based private school to open next fall". news.cuanschutz.edu. Retrieved 2020-05-08.
  16. Halper, Jamie D. (July 5, 2017). "Law School Honors Scalia with Endowed Professorship". The Harvard Crimson.
  17. "Aimco Scholarships Go to Students Living in Affordable Housing". Nareit. Retrieved 2020-05-08.
  18. www.bizjournals.com https://www.bizjournals.com/denver/news/2017/01/05/7-named-to-colorado-business-hall-of-fames-class. Retrieved 2020-05-08. Missing or empty |title= (help)
  19. "AAMD Hall of Fame - Apartment Association of Metro Denver". www.aamdhq.org. Retrieved 2020-05-08.
  20. https://www.ccu.edu/_files/documents/commencement/2019-Commencement-Program.pdf
  21. "Economic Literacy Colorado Honors Colorado Entrepreneur Terry Considine at Adam Smith Award Dinner". Economic Literacy Colorado a dba of Colorado Council for Economic Education. Retrieved 2020-05-08.
  22. Hannemann, Benjamin. "Terry Considine". www.bradleyfdn.org. Retrieved 2020-05-08.
Party political offices
Preceded by
Ken Kramer		 Republican Party nominee for United States Senator from Colorado (Class 3)
1992		 Succeeded by
Ben Nighthorse Campbell
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