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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 34,173,000 $ 297,496,000 $ (3,798,000)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 85,438,000 143,420,000 63,065,000
Income from unconsolidated real estate partnerships (8,423,000) (24,990,000) (22,654,000)
Realized and unrealized gains (losses) on interest rate options (9,209,000) (48,005,000) (10,608,000)
Income tax expenses (benefit) (17,563,000) 24,338,000 (9,881,000)
Amortization of debt issuance costs and other   2,149,000 801,000
Mezzanine investment income, net   (24,990,000) (22,654,000)
Loss on extinguishment of debt, net   28,901,000  
Lease modification income (1,577,000) (206,963,000)  
Realized and unrealized gains (losses) on equity investments 2,145,000 (20,152,000) (2,107,000)
Gain on disposition of real estate   (170,004,000)  
Share based compensation   6,462,000 3,750,000
Changes in operating assets and operating liabilities:      
Other assets, net   5,904,000 (10,930,000)
Net cash received from development property lease terminations   195,789,000  
Accrued liabilities and other   (5,634,000) 13,083,000
Total adjustments   (69,244,000) 25,883,000
Net cash provided by operating activities   228,252,000 22,085,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of real estate   (130,122,000) (69,601,000)
Capital expenditures [1]   (184,048,000) (134,855,000)
Proceeds from disposition of real estate   243,134,000  
Investment in IQHQ   (14,227,000) (12,091,000)
Redemption of IQHQ investment   16,473,000  
Investment in unconsolidated real estate partnerships   (12,878,000)  
Other investing activities   (1,293,000) (96,000)
Net cash used in investing activities   (82,961,000) (216,643,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from non-recourse property debt   674,720,000 59,757,000
Proceeds from construction loans   54,286,000 142,305,000
Payments of deferred loan costs   (8,244,000) (6,634,000)
Principal repayments on non-recourse property debt   (284,562,000) (22,307,000)
Principal repayments on construction loans   (138,404,000)  
Principal repayments on notes payable to AIR   (534,127,000)  
Purchase of interest rate options   (3,223,000) (5,905,000)
Proceeds from interest rate option   15,465,000  
Payments on finance leases   (25,797,000) (7,773,000)
Payments of prepayment premiums   (25,740,000)  
Common stock repurchased   (4,419,000)  
Dividend paid on common stock   (3,043,000)  
Distributions to noncontrolling interests   (1,052,000)  
Distributions to redeemable noncontrolling interests   (917,000)  
Contributions from noncontrolling interests   10,616,000  
Contributions from redeemable noncontrolling interests   122,413,000  
Redemption of common and preferred OP units   (209,000)  
Redemption of noncontrolling interests   (7,088,000)  
Redemption of redeemable noncontrolling interests   (5,094,000)  
Other financing activities   (13,000) (859,000)
Net cash provided by (used in) financing activities   (164,432,000) 158,584,000
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH   (19,141,000) (35,974,000)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD   244,582,000 298,735,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 225,441,000 225,441,000 262,761,000
Aimco OP L.P. [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) 34,173,000 297,496,000 (3,798,000)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 85,438,000 143,420,000 63,065,000
Income from unconsolidated real estate partnerships (8,423,000) (24,990,000) (22,654,000)
Realized and unrealized gains (losses) on interest rate options (9,209,000) (48,005,000) (10,608,000)
Income tax expenses (benefit) (17,563,000) 24,338,000 (9,881,000)
Amortization of debt issuance costs and other   2,149,000 801,000
Mezzanine investment income, net   (24,990,000) (22,654,000)
Loss on extinguishment of debt, net   28,901,000  
Lease modification income (1,577,000) (206,963,000)  
Realized and unrealized gains (losses) on equity investments 2,145,000 (20,152,000) (2,107,000)
Gain on disposition of real estate   (170,004,000)  
Share based compensation   6,462,000 3,750,000
Changes in operating assets and operating liabilities:      
Other assets, net   5,904,000 (10,930,000)
Net cash received from development property lease terminations   195,789,000  
Accrued liabilities and other   (5,634,000) 13,083,000
Total adjustments   (69,244,000) 25,883,000
Net cash provided by operating activities   228,252,000 22,085,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of real estate   (130,122,000) (69,601,000)
Capital expenditures [2]   (184,048,000) (134,855,000)
Proceeds from disposition of real estate   243,134,000  
Investment in IQHQ   (14,227,000) (12,091,000)
Redemption of IQHQ investment   16,473,000  
Investment in unconsolidated real estate partnerships   (12,878,000)  
Other investing activities   (1,293,000) (96,000)
Net cash used in investing activities   (82,961,000) (216,643,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from non-recourse property debt   674,720,000 59,757,000
Proceeds from construction loans   54,286,000 142,305,000
Payments of deferred loan costs   (8,244,000) (6,634,000)
Principal repayments on non-recourse property debt   (284,562,000) (22,307,000)
Principal repayments on construction loans   (138,404,000)  
Principal repayments on notes payable to AIR   (534,127,000) (5,905,000)
Purchase of interest rate options   (3,223,000)  
Proceeds from interest rate option   15,465,000 (7,773,000)
Payments on finance leases   (25,797,000)  
Payments of prepayment premiums   (25,740,000)  
Common stock repurchased   (4,419,000)  
Dividend paid on common stock   (3,043,000)  
Distributions to noncontrolling interests   (1,052,000)  
Distributions to redeemable noncontrolling interests   (917,000)  
Contributions from noncontrolling interests   10,616,000  
Contributions from redeemable noncontrolling interests   122,413,000  
Redemption of common and preferred OP units   (209,000)  
Redemption of noncontrolling interests   (7,088,000)  
Redemption of redeemable noncontrolling interests   (5,094,000)  
Other financing activities   (13,000) (859,000)
Net cash provided by (used in) financing activities   (164,432,000) 158,584,000
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH   (19,141,000) (35,974,000)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD   244,582,000 298,735,000
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 225,441,000 225,441,000 262,761,000
Unconsolidated Real Estate Partnerships [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Income from unconsolidated real estate partnerships   (459,000) 743,000
Unconsolidated Real Estate Partnerships [Member] | Aimco OP L.P. [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Income from unconsolidated real estate partnerships   $ (459,000) $ (743,000)
[1] Accrued capital expenditures were $31.4 million and $19.4 million as of September 30, 2022 and 2021, respectively.
[2] Accrued capital expenditures were $31.4 million and $19.4 million as of September 30, 2022 and 2021, respectively.