XML 11 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Buildings and improvements $ 1,638,190 $ 1,593,802
Land 620,488 620,821
Total real estate 2,258,678 2,214,623
Accumulated depreciation (597,380) (580,802)
Net real estate 1,661,298 1,633,821
Cash and cash equivalents 121,814 122,601
Restricted cash 18,589 16,666
Unconsolidated real estate partnerships 23,282 23,125
Notes receivable $ 58,187 $ 57,554
Financing Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Right-of-use lease assets- finance leases $ 108,673 $ 108,992
Other assets, net 122,976 121,461
Total assets 2,119,891 2,089,475
LIABILITIES AND EQUITY    
Non-recourse property debt, net 845,671 846,298
Non-recourse construction loans, net 336,332 301,443
Total indebtedness 1,182,003 1,147,741
Deferred tax liabilities 108,487 110,284
Lease liabilities - finance leases 119,269 118,697
Accrued liabilities and other 131,554 121,143
Total liabilities 1,541,313 1,497,865
Redeemable noncontrolling interests in consolidated real estate partnerships 173,158 171,632
Commitments and contingencies (Note 3)
Equity (510,587,500 shares authorized at both March 31, 2024 and December 31, 2023):    
Common Stock, $0.01 par value, 140,210,798 and 140,576,102 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 1,402 1,406
Additional paid-in capital 460,907 464,538
Retained earnings (deficit) (126,478) (116,292)
Total Aimco equity 335,831 349,652
Noncontrolling interests in consolidated real estate partnerships 51,333 51,265
Common noncontrolling interests in Aimco Operating Partnership 18,256 19,061
Total equity 405,420 419,978
Partners' capital:    
Total liabilities and equity 2,119,891 2,089,475
Aimco OP L.P. [Member]    
ASSETS    
Buildings and improvements 1,638,190 1,593,802
Land 620,488 620,821
Total real estate 2,258,678 2,214,623
Accumulated depreciation (597,380) (580,802)
Net real estate 1,661,298 1,633,821
Cash and cash equivalents 121,814 122,601
Restricted cash 18,589 16,666
Unconsolidated real estate partnerships 23,282 23,125
Notes receivable $ 58,187 $ 57,554
Financing Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Right-of-use lease assets- finance leases $ 108,673 $ 108,992
Other assets, net 122,976 121,461
Total assets 2,119,891 2,089,475
LIABILITIES AND EQUITY    
Non-recourse property debt, net 845,671 846,298
Non-recourse construction loans, net 336,332 301,443
Total indebtedness 1,182,003 1,147,741
Deferred tax liabilities 108,487 110,284
Lease liabilities - finance leases 119,269 118,697
Accrued liabilities and other 131,554 121,143
Total liabilities 1,541,313 1,497,865
Redeemable noncontrolling interests in consolidated real estate partnerships 173,158 171,632
Commitments and contingencies (Note 3)
Partners' capital:    
General Partner and Special Limited Partner 335,831 349,652
Limited Partners 18,256 19,061
Partners’ capital attributable to Aimco Operating Partnership 354,087 368,713
Noncontrolling interests in consolidated real estate partnerships 51,333 51,265
Total partners’ capital 405,420 419,978
Total liabilities and equity 2,119,891 2,089,475
Interest Rate Options    
ASSETS    
Interest rate options 5,072 5,255
Interest Rate Options | Aimco OP L.P. [Member]    
ASSETS    
Interest rate options $ 5,072 $ 5,255