Partners Capital - (Tables)

12 Months Ended

Dec. 31, 2014

As of December 31, 2014 and 2013, the Aimco Operating Partnership had the following classes of preferred OP Units (stated at their redemption values, in thousands, except unit and per unit data):



	Distributions per Annum				Units Issued and Outstanding		Redemption Values
Class of Preferred Units	Percent		Per Unit		2014	2013	2014		2013
Class One	8.75	%	$	8.00	90,000	90,000	$	8,229	$	8,229
Class Two	1.84	%	$	0.46	18,589	18,589	465		465
Class Three	7.88	%	$	1.97	1,341,485	1,354,091	33,537		33,852
Class Four	8.00	%	$	2.00	644,954	644,954	16,124		16,124
Class Six	8.50	%	$	2.13	790,883	790,883	19,772		19,772
Class Seven	7.87	%	$	1.97	27,960	27,960	699		699
Class Nine	6.00	%	$	1.50	364,668	—	9,117		—
Total					3,278,539	2,926,477	$	87,943	$	79,141

Temporary Equity



	2014			2013			2012
Balance at January 1	$	79,953		$	80,046		$	83,384
Preferred distributions	(6,409		)	(6,423		)	(6,496		)
Redemption of preferred units and other	(1,221		)	(93		)	(3,338		)
Issuance of preferred units	9,117			—			—
Net income	6,497			6,423			6,496
Balance at December 31	$	87,937		$	79,953		$	80,046

- Definition

Tabular disclosure of preferred units of master limited partnerships that have priority over limited partner units in areas including liquidation, redemption, conversion, tax status of distribution or sharing in distributions. This schedule ordinarily includes a description of the preferred units that details various rights including redemption, conversion, liquidation, and sharing in distributions; capital contributed by preferred partners; number of preferred units authorized to be issued, issued, and outstanding; aggregate cumulative cash distributions made to the preferred partners; aggregate cumulative net income earned by the preferred partners; capital account balance of the preferred partners.

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- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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