Basis of Presentation and Summary of Significant Accounting Policies (Tables)
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3 Months Ended |
Mar. 31, 2017 |
Schedule of Equity [Line Items] |
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Reconciliation of consolidated temporary equity accounts |
The following table presents a reconciliation of the Aimco Operating Partnership’s Preferred OP Units from December 31, 2016 to March 31, 2017. The Preferred OP Units may be redeemed at the holders’ option (as further discussed in Note 5), and therefore are presented within temporary equity in Aimco’s condensed consolidated balance sheets and within temporary capital in the Aimco Operating Partnership’s condensed consolidated balance sheets (in thousands). | | | | | Balance, December 31, 2016 | $ | 103,201 |
| Distributions to preferred unitholders | (1,949 | ) | Redemption of preferred units and other | (1,595 | ) | Net income | 1,949 |
| Balance, March 31, 2017 | $ | 101,606 |
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Reconciliation of consolidated permanent equity accounts |
The following table presents a reconciliation of Aimco’s consolidated permanent equity accounts from December 31, 2016 to March 31, 2017 (in thousands): | | | | | | | | | | | | | | | | | | Aimco Equity | | Noncontrolling interests in consolidated real estate partnerships | | Common noncontrolling interests in Aimco Operating Partnership | | Total Equity | Balance, December 31, 2016 | $ | 1,793,903 |
| | $ | 151,121 |
| | $ | (58 | ) | | $ | 1,944,966 |
| Contributions | — |
| | 2,235 |
| | — |
| | 2,235 |
| Preferred stock dividends | (2,148 | ) | | — |
| | — |
| | (2,148 | ) | Common dividends and distributions | (56,526 | ) | | (1,123 | ) | | (2,718 | ) | | (60,367 | ) | Redemptions of common OP Units | — |
| | — |
| | (3,015 | ) | | (3,015 | ) | Amortization of stock-based compensation cost | 2,880 |
| | — |
| | 153 |
| | 3,033 |
| Effect of changes in ownership for consolidated entities | (3,035 | ) | | — |
| | 3,016 |
| | (19 | ) | Cumulative effect of a change in accounting principle | (59,586 | ) | | — |
| | (2,881 | ) | | (62,467 | ) | Change in accumulated other comprehensive loss | (1,128 | ) | | 58 |
| | (55 | ) | | (1,125 | ) | Other | 78 |
| | — |
| | — |
| | 78 |
| Net income | 13,698 |
| | 951 |
| | 557 |
| | 15,206 |
| Balance, March 31, 2017 | $ | 1,688,136 |
| | $ | 153,242 |
| | $ | (5,001 | ) | | $ | 1,836,377 |
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AIMCO PROPERTIES, L.P [Member] |
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Schedule of Equity [Line Items] |
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Reconciliation of consolidated permanent equity accounts |
The following table presents a reconciliation of the consolidated partners’ capital balances in permanent capital that are attributable to the Aimco Operating Partnership from December 31, 2016 to March 31, 2017 (in thousands): | | | | | | Partners’ capital attributable to the Aimco Operating Partnership | Balance, December 31, 2016 | $ | 1,793,845 |
| Distributions to preferred units held by Aimco | (2,148 | ) | Distributions to common units held by Aimco | (56,526 | ) | Distributions to common units held by Limited Partners | (2,718 | ) | Redemption of common OP Units | (3,015 | ) | Amortization of Aimco stock-based compensation cost | 3,033 |
| Effect of changes in ownership for consolidated entities | (19 | ) | Cumulative effect of a change in accounting principle | (62,467 | ) | Change in accumulated other comprehensive loss | (1,183 | ) | Other | 78 |
| Net income | 14,255 |
| Balance, March 31, 2017 | $ | 1,683,135 |
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