Terry Considine
Born1947
Alma materHarvard University
OccupationChief executive officer of AIMCO
SpouseBetsey Callaway
Parent(s)Charles Considine
Thalia Considine


Terry Considine is chairman and CEO of Apartment Investment and Management Company (AIMCO), one of the country’s largest owners and operators of multi-family apartment communities. Mr. Considine has more than 40 years of experience in the real estate and other industries.


Early Life and Education

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Considine was born in San Diego, CA in 1947, the fourth of eleven children to Charles and Thalia Considine. Charles was an accountant by profession and passed away in 2010 at the age of 92. Considine grew up on the family’s working cattle ranch in Valley Center in North San Diego County where he picked fruit and harvested alfalfa.

Considine attended Groton School in Groton, Massachusetts where he was a linebacker for the school’s football team. He earned his undergraduate degree from Harvard University and was a member of the championship lightweight crew team and a member of the Phi Beta Kappa honors society[1]. Considine received a J.D. from Harvard Law School and was a member of the Harvard Law Review[2]. While in his third year of law school, Considine formed a REIT while working for the law firm of Cabbott and Forbes.


Professional Life

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In 1975, Mr. Considine founded The Considine Company, which was one of the predecessor companies to AIMCO. Considine merged his company with PDI managed by business partner Peter Kompaniez and in July of 1994, launched an initial public offering (IPO) of Aimco with shares trading as AIV[1] on the New York Stock Exchange. Aimco provides apartment homes to approximately 500,000 residents nationwide and its common shares are currently listed on the S&P 500.

Considine also acquired a controlling ownership of Southeastern Capitol in 1977, an American Stock Exchange Company that owned a diversified portfolio of businesses including gas stations, a television station, an environmental laboratory and several convenience stores. The company was the largest distributor for Texaco, and one of the largest distributors for Phillips and Chevron.

Considine was the former chairman of the board of American Land Lease, which he sold in 2008[3]. Land Lease is a leader in the development of resort-style communities for active adults. For more than 25 years, the company has combined quality manufactured homes in desirable locations at more than 7,500 homesites in 30 U.S. communities.


Political Life

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Considine was an intern for California Governor [[Ronald Reagan] in Sacramento,CA. In 1983 Considine served as manager of a winning campaign to elect U.S. Senator William L. Armstrong Bill Armstrong of Colorado. Considine made his own bid for the U.S. Senate in 1986, but lost in a primary challenge to then Congressman Ken Kramer who was later defeated by Rep. Tim Wirth.

In 1987 Considine won a vacancy election to the Colorado State Senate for a south suburban Denver district and was elected to a full term in 1988[4]. While in the state senate, Considine was a member of the Senate finance, judiciary and agriculture committees. He sponsored a Clean Air Bill which resulted in an award from the Sierra Club and he authored a bill to privatize the Regional Transportation District in the Denver metro area[5]. Considine also focused on education while in the senate, introducing the state’s first charter schools bill and sponsoring a home schooling measure[6]. He left the state Senate early in 1992 to pursue the open seat in the United States Senate created by the decision of Senator Tim Wirth to forgo a bid for a second term. Considine was defeated in the 1992 general election by Representative Ben Nighthorse Campbell[7].


Community Activities

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Considine and the Considine Family Foundation have funded many educational endeavors including “Annunciation,” an educational opportunity program for inner City youth in (town), a free market xxxx program at Harvard University, and Harvard’s Journal of Law and Economics. In 1999, Considine was the assistant coach of the Regis University Mock Trial team which won a national championship.


Family

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Considine married Betsy Callaway, daughter of former Georgia U.S. Representative and Secretary of the Army Howard “Bo” Callaway, in 1976. They have three children.


References

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