Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2021

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III: Real Estate and Accumulated Depreciation

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

AIMCO OP L.P.

SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2021

(In Thousands Except Apartment Home Data)

											(2)		As of December 31, 2021
		(1)					Initial Cost				Cost Capitalized								(4)
Apartment Community	Apartment	Date		Year	Apartment				Buildings and		Subsequent to				Buildings and		(3)		Accumulated			Total Cost		(5)
Name	Type	Acquired	Location	Built	Homes		Land		Improvements		Acquisition		Land		Improvements		Total		Depreciation (AD)			Net of AD		Encumbrances
Operating:
118-122 West 23rd Street	High Rise	Jun 2012	New York, NY	1987		42	$	14,985	$	23,459	$	7,556	$	14,985	$	31,015	$	46,000	$	(12,887	)	$	33,113	$	—
173 E. 90th Street	High Rise	May 2004	New York, NY	1910		72		12,066		4,535		9,031		12,066		13,565		25,631		(6,325	)		19,306		—
237-239 Ninth Avenue	High Rise	Mar 2005	New York, NY	1900		36		8,495		1,866		3,057		8,495		4,923		13,418		(3,539	)		9,879		—
1045 on the Park Apartments Homes	Mid Rise	Jul 2013	Atlanta, GA	2012		30		2,793		6,662		975		2,793		7,638		10,431		(2,395	)		8,036		—
2200 Grace	High Rise	Aug 2018	Lombard, IL	1971		72		642		7,788		613		642		8,401		9,043		(5,613	)		3,430		7,168
2900 on First Apartments	Mid Rise	Oct 2008	Seattle, WA	1989		135		19,070		17,518		33,729		19,070		51,247		70,317		(32,703	)		37,614		—
Bank Lofts	High Rise	Apr 2001	Denver, CO	1920		125		3,525		9,045		5,828		3,525		14,873		18,398		(9,089	)		9,309		—
Bluffs at Pacifica, The	Garden	Oct 2006	Pacifica, CA	1963		64		8,108		4,132		17,089		8,108		21,221		29,329		(13,101	)		16,228		—
Cedar Rim	Garden	Apr 2000	Newcastle, WA	1980		104		761		5,218		14,773		761		19,992		20,753		(16,310	)		4,443		—
Elm Creek	Mid Rise	Dec 1997	Elmhurst, IL	1987		400		5,910		30,830		32,314		5,910		63,144		69,054		(40,134	)		28,920		48,086
Evanston Place	High Rise	Dec 1997	Evanston, IL	1990		190		3,232		25,546		17,942		3,232		43,488		46,720		(24,062	)		22,658		46,670
Hillmeade	Garden	Nov 1994	Nashville, TN	1986		288		2,872		16,070		22,394		2,872		38,464		41,336		(26,730	)		14,606		25,566
Hyde Park Tower	High Rise	Oct 2004	Chicago, IL	1990		155		4,731		14,927		16,522		4,731		31,449		36,180		(15,618	)		20,562		—
Pathfinder Village	Garden	Jan 2006	Fremont, CA	1973		246		19,595		14,838		21,975		19,595		36,813		56,408		(23,685	)		32,723		55,000
Plantation Gardens	Garden	Oct 1999	Plantation ,FL	1971		372		3,773		19,443		22,933		3,773		42,376		46,149		(29,361	)		16,788		31,044
Royal Crest Estates	Garden	Aug 2002	Warwick, RI	1972		492		22,433		24,095		6,076		22,433		30,171		52,604		(23,326	)		29,278		—
Royal Crest Estates	Garden	Aug 2002	Nashua, NH	1970		902		68,230		45,562		17,673		68,230		63,234		131,464		(50,820	)		80,644		86,462
Royal Crest Estates	Garden	Aug 2002	Marlborough, MA	1970		473		25,178		28,786		16,612		25,178		45,399		70,577		(35,162	)		35,415		72,627
St. George Villas	Garden	Jan 2006	St. George, SC	1984		40		108		1,024		442		108		1,466		1,574		(1,352	)		222		239
Waterford Village	Garden	Aug 2002	Bridgewater, MA	1971		588		29,110		28,101		12,036		29,110		40,137		69,247		(33,251	)		35,996		—
Wexford Village	Garden	Aug 2002	Worcester, MA	1974		264		6,349		17,939		5,222		6,349		23,161		29,510		(16,454	)		13,056		—
Willow Bend	Garden	May 1998	Rolling Meadows, IL	1969		328		2,717		15,437		20,213		2,717		35,650		38,367		(27,876	)		10,491		—
Yacht Club at Brickell	High Rise	Dec 2003	Miami, FL	1998		357		31,362		32,214		20,712		31,362		52,926		84,288		(26,386	)		57,902		84,524
Yorktown Apartments	High Rise	Dec 1999	Lombard, IL	1971		292		2,414		10,374		52,194		2,414		62,567		64,981		(40,843	)		24,138		29,034
Total Operating						6,067		298,459		405,409		377,911		298,459		783,320		1,081,779		(517,022	)		564,757		486,420
Development and redevelopment:
707 Leahy	Garden	Jan 2021	Redwood City, CA	1973		110		—				211		—		211		211		(19	)		192		—
The Benson Hotel & faculty Club		Jan 2021	Denver, CO			—		1,815		4,414		29,328		1,815		33,743		35,558		—			35,558		—
Edgewater Assemblage	Garden	Jul 2021	Miami, FL	1948		26		19,590				652		19,590		652		20,242		—			20,242		—
Flamingo North Tower	Highrise	Jan 2021	Miami, FL	1960		366		—				68,206		—		68,206		68,206		(352	)		67,854		130,274
Fremont	Midrise	Jan 2021	Denver, CO	2020		253		—				628		—		628		628		(45	)		583		—
Flying Horse		Jul 2021	Colorado Springs, CO			—		4,244				387		4,244		387		4,631		—			4,631		—
The Hamilton	High Rise	Aug 2020	Miami, FL	1985		275		56,676		34,891		56,451		56,676		91,342		148,018		(1,426	)		146,592		38,102
Oak Shore		Jun 2021	Corte Madera, CA			24		—				5,529		—		5,529		5,529		—			5,529		—
Prism	Midrise	Jan 2021	Cambridge, MA	2019		136		—				5,625		—		5,625		5,625		(410	)		5,215		—
Upton Place		Dec 2020	Washington, DC			—		—		21,280		49,438		—		70,718		70,718		—			70,718		—
Total Development and redevelopment						1,190		82,325		60,585		216,453		82,325		277,041		359,366		(2,252	)		357,114		168,376
Other:
1001 Brickell Bay Drive	High Rise	Jul 2019	Miami, FL	1985		—		150,018		152,791		8,321		150,018		161,191		311,209		(41,428	)		269,781		—
Eldridge	Townhome	Aug 2021	Elmhurst, IL	2018		58		3,483		35,631		31		3,483		35,662		39,145		(413	)		38,732		—
Total Portfolio						7,315	$	534,285	$	654,416	$	602,716	$	534,285	$	1,257,214	$	1,791,499	$	(561,115	)	$	1,230,384	$	654,796

(1) Date we acquired the apartment community or first acquired the partnership that owns the community.

(2) Includes costs capitalized since acquisition or date of initial acquisition of the community.

(3) The aggregate cost of land and depreciable property for federal income tax purposes was approximately $1.4 billion as of December 31, 2021.

(4) Depreciable life for buildings and improvements ranges from five to 30 years and is calculated on a straight-line basis.

(5) Encumbrances are presented before reduction for debt issuance costs and the impact of assumed debt fair value adjustment.

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

AIMCO OP L.P.

SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION

For the Years Ended December 31, 2021, 2020, and 2019

(In Thousands)

	2021		2020			2019
Total real estate balance at beginning of year	$	1,500,269	$	1,385,412		$	1,053,589
Additions during the year:
Acquisitions		69,178		112,820			302,213
Capital additions		222,052		24,334			37,327
Write-offs of fully depreciated assets and other		—		(22,297	)		(7,717	)
Total real estate balance at end of year	$	1,791,499	$	1,500,269		$	1,385,412
Accumulated depreciation balance at beginning of year	$	495,010	$	449,444		$	398,300
Depreciation		66,105		67,919			58,436
Write-offs of fully depreciated assets and other		—		(22,353	)		(7,292	)
Accumulated depreciation balance at end of year	$	561,115	$	495,010		$	449,444