Terry Considine
Terry M. Considine (born 1947) is the founder of Aimco, the chairman and chief executive officer of Apartment Income REIT, and is a former Republican politician.[1]
Terry M. Considine | |
|---|---|
| Born | 1947 (age 73–74) |
| Alma mater | Harvard University (BA: 1969; JD: 1971) |
| Occupation | CEO of Apartment Income REIT |
| Known for | Founder of Aimco Former member of Colorado Senate |
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] At age 13, he left California to attend the Groton School in Groton, Massachusetts; he graduated in 1965.[3]
In 1969, he graduated from Harvard University with a Bachelor of Arts degree and, in 1971, he received a Juris Doctor, also from Harvard University.[4]
He initially received a student deferment from the Vietnam War and was later disqualified for service because of a bad back.[3]
Career
In 1975, he founded The Considine Companies, a property-management firm that specialized in troubled real estate.[3] In 1981, he moved to Colorado.[3] In 1981, he acquired the El Cortez Hotel for $6 million in partnership with Bass Brothers Realty Corporation. The hotel was sold in 1987.[5] In 1987, he acquired 75% of McDermott, Stein and Ira Marketing Management (MSI), the largest fee-operated apartment management company in Denver.[6]
In 1994, along with associates Steve Ira, Peter Kompaniez, and Robert Lacey, he formed Aimco, which became a public company via an initial public offering.[6]
Awards and recognition
In 2017, Considine was elected to the Colorado Business Hall of Fame,[7]
In 2020, he was elected to the Colorado Apartment Hall of Fame.[8]
In 2019, Considine was awarded an honorary degree from Colorado Christian University.[9]
He was given the Adam Smith Award in October 2019 by Economic Literacy Colorado.[10]
Board memberships
He is a co-founder and member of the board of directors of Club for Growth, a conservative organization.[11]
He is also a member of the board of directors of the Bradley Foundation[12] and Intrepid Potash.[13]
Politics
In 1981, Considine moved to Colorado, where he entered politics through his father-in-law, Bo Callaway.
In 1986, Considine ran unsuccessfully for the Republican nomination to the United States Senate.[14] His campaign adviser was Fox News executive Roger Ailes. The campaign was thrown into controversy after he called immigrants from Latin America "wetbacks". He then embarked on a $500,000 television advertising campaign.[15]
From 1987 to 1992, he was a member of the Colorado Senate.[16] 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.[3] 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.[3] Considine was defeated in the 1992 general election by Democrat Ben Nighthorse Campbell.[17]
Personal life
Considine is married to Betsy Callaway Considine. The couple are actively involved in education reform and ranching in western Colorado. They have three adult children and three grandchildren.[18]
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 on the Anschutz Medical Campus in Aurora, Colorado.[19]
Considine and his wife have established the Considine Family Foundation. In 2017, it endowed a Harvard Law School professorship in honor of Antonin Scalia.[20]
References
- "Executive Profile: Terry Considine J.D." Bloomberg L.P.
- "TERRY CONSIDINE". Colorado Business Hall of Fame.
- 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.
- "Harvard in Denver: Family, Finance, and Philanthropy". Harvard University. June 16, 2016.
- KRAUL, CHRIS (February 28, 1987). "Renovation Planned : El Cortez Hotel Bought by Hotelier Grosvenor". Los Angeles Times.
- Broffman, Wendy (October 1, 2015). "Man on a multifamily mission". Yield Pro.
- Harden, Mark (January 5, 2017). "7 named to Colorado Business Hall of Fame's class of 2017". American City Business Journals.
- "AAMD Hall of Fame". Apartment Association of Metro Denver.
- "Colorado Christian University Commencement" (PDF). May 10, 2019.
- "Economic Literacy Colorado Honors Colorado Entrepreneur Terry Considine at Adam Smith Award Dinner". Economic Literacy Colorado. October 4, 2019.
- "Board of Directors". Club for Growth.
- "Board of Directors". Bradley Foundation.
- "Terry Considine: Director". Intrepid Potash.
- Johnson, Dirk (September 29, 1992). "A Candidate Attuned to Colorado's Quirky Rhythm". The New York Times.
- Schwartz, Maralee (June 6, 1986). "Candidate Perfect Until He Started Discussing Issues". The Washington Post.
- "Terry Considine's Contract Extended As Aimco's CEO". Bisnow. December 27, 2017.
- "Election Night Highlights Across the U.S." Los Angeles Times. November 4, 1992.
- Hannemann, Benjamin. "Terry Considine". Bradley Foundation.
- Casey, Chris (November 9, 2018). "Workplace-based private school to open next fall". Anschutz Medical Campus.
- Halper, Jamie D. (July 5, 2017). "Law School Honors Scalia with Endowed Professorship". The Harvard Crimson.