APARTMENT INVESTMENT AND MANAGEMENT COMPANY

AIMCO PROPERTIES, L.P.

SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2013

(In Thousands Except Apartment Home Data)



						(2)				(3)
		(1)				Initial Cost				Cost Capitalized		December 31, 2013
	Apartment	Date		Year	Apartment			Buildings and		Subsequent to				Buildings and		(4)		Accumulated			Total Cost
Apartment Community Name	Type	Consolidated	Location	Built	Homes	Land		Improvements		Consolidation		Land		Improvements		Total		Depreciation (AD)			Net of AD		Encumbrances

Conventional Apartment Communities:
100 Forest Place	High Rise	Dec-97	Oak Park, IL	1987	234	$	2,664	$	18,815	$	6,494	$	2,664	$	25,309	$	27,973	$	(11,077	)	$	16,896	$	25,955
118-122 West 23rd Street	High Rise	Jun-12	New York, NY	1987	42	14,985		23,459		3,942		14,985		27,401		42,386		(1,366		)	41,020		19,493
1582 First Avenue	High Rise	Mar-05	New York, NY	1900	17	4,281		752		318		4,281		1,070		5,351		(452		)	4,899		2,520
173 E. 90th Street	High Rise	May-04	New York, NY	1910	72	12,066		4,535		2,442		12,067		6,976		19,043		(2,546		)	16,497		7,435
182-188 Columbus Avenue	Mid Rise	Feb-07	New York, NY	1910	32	19,123		3,300		2,608		19,123		5,908		25,031		(2,075		)	22,956		13,471
204-206 West 133rd Street	Mid Rise	Jun-07	New York, NY	1910	44	4,352		1,450		1,556		4,352		3,006		7,358		(957		)	6,401		2,963
2232-2240 Seventh Avenue	Mid Rise	Jun-07	New York, NY	1910	24	3,366		3,785		1,266		3,366		5,051		8,417		(1,423		)	6,994		2,972
2247-2253 Seventh Avenue	Mid Rise	Jun-07	New York, NY	1910	35	7,356		3,335		1,649		7,356		4,984		12,340		(1,768		)	10,572		5,483
2252-2258 Seventh Avenue	Mid Rise	Jun-07	New York, NY	1910	35	4,318		4,504		1,706		4,318		6,210		10,528		(1,810		)	8,718		5,125
2300-2310 Seventh Avenue	Mid Rise	Jun-07	New York, NY	1910	63	10,417		6,964		4,642		10,417		11,606		22,023		(4,017		)	18,006		9,362
236-238 East 88th Street	High Rise	Jan-04	New York, NY	1900	43	8,820		2,914		2,097		8,820		5,011		13,831		(1,737		)	12,094		12,000
237-239 Ninth Avenue	High Rise	Mar-05	New York, NY	1900	36	8,495		1,866		1,449		8,494		3,316		11,810		(1,131		)	10,679		6,155
240 West 73rd Street, LLC	High Rise	Sep-04	New York, NY	1900	200	68,109		12,140		8,646		68,109		20,786		88,895		(6,290		)	82,605		27,704
2484 Seventh Avenue	Mid Rise	Jun-07	New York, NY	1921	23	2,601		1,726		772		2,601		2,498		5,099		(652		)	4,447		2,472
2900 on First Apartments	Mid Rise	Oct-08	Seattle, WA	1989	135	19,070		17,518		17,374		19,071		34,891		53,962		(5,106		)	48,856		19,337
306 East 89th Street	High Rise	Jul-04	New York, NY	1930	20	2,680		1,006		418		2,681		1,423		4,104		(523		)	3,581		2,055
311 & 313 East 73rd Street	Mid Rise	Mar-03	New York, NY	1904	34	5,678		1,609		543		5,678		2,152		7,830		(1,282		)	6,548		2,512
322-324 East 61st Street	High Rise	Mar-05	New York, NY	1900	40	6,372		2,224		1,229		6,372		3,453		9,825		(1,368		)	8,457		3,780
3400 Avenue of the Arts	Mid Rise	Mar-02	Costa Mesa, CA	1987	770	57,241		65,506		72,777		57,240		138,284		195,524		(71,918		)	123,606		113,022
452 East 78th Street	High Rise	Jan-04	New York, NY	1900	12	1,982		608		458		1,982		1,066		3,048		(416		)	2,632		1,456
464-466 Amsterdam & 200-210 W. 83rd Street	Mid Rise	Feb-07	New York, NY	1910	72	25,553		7,101		4,506		25,552		11,608		37,160		(3,634		)	33,526		19,679
510 East 88th Street	High Rise	Jan-04	New York, NY	1900	20	3,163		1,002		387		3,163		1,389		4,552		(457		)	4,095		2,396
514-516 East 88th Street	High Rise	Mar-05	New York, NY	1900	36	6,282		2,168		775		6,282		2,943		9,225		(1,170		)	8,055		4,097
707 Leahy	Garden	Apr-07	Redwood City, CA	1973	110	15,444		7,909		4,936		15,444		12,845		28,289		(4,621		)	23,668		9,601
865 Bellevue	Garden	Jul-00	Nashville, TN	1972	326	3,562		12,037		28,070		3,562		40,107		43,669		(23,536		)	20,133		18,154
Arbours Of Hermitage, The	Garden	Jul-00	Hermitage, TN	1972	350	3,217		12,023		8,376		3,217		20,399		23,616		(10,525		)	13,091		9,398
Auburn Glen (5)	Garden	Dec-06	Jacksonville, FL	1974	251	7,670		8,191		4,075		7,670		6,562		14,232		(4,201		)	10,031		9,271
Bank Lofts	High Rise	Apr-01	Denver, CO	1920	117	3,525		9,045		2,173		3,525		11,218		14,743		(5,537		)	9,206		11,601
Bay Parc Plaza	High Rise	Sep-04	Miami, FL	2000	471	22,680		41,847		6,979		22,680		48,826		71,506		(12,557		)	58,949		45,252
Bay Ridge at Nashua	Garden	Jan-03	Nashua, NH	1984	412	3,262		40,713		5,719		3,262		46,432		49,694		(15,956		)	33,738		30,740
Bayberry Hill Estates	Garden	Aug-02	Framingham, MA	1971	424	19,944		35,945		12,775		19,944		48,720		68,664		(19,082		)	49,582		33,252
Bluffs at Pacifica, The	Garden	Oct-06	Pacifica, CA	1963	64	8,108		4,132		13,692		8,108		17,824		25,932		(7,878		)	18,054		5,963
Boston Lofts	High Rise	Apr-01	Denver, CO	1/1/1890	158	3,446		20,589		6,072		3,447		26,660		30,107		(12,087		)	18,020		16,948
Boulder Creek	Garden	Jul-94	Boulder, CO	1973	221	754		7,730		18,580		755		26,309		27,064		(14,011		)	13,053		8,771
Broadcast Center	Garden	Mar-02	Los Angeles, CA	1990	279	29,407		41,244		27,142		29,407		68,386		97,793		(31,926		)	65,867		55,083
Broadway Lofts	High Rise	Sep-12	San Diego, CA	1909	84	5,367		14,442		760		5,367		15,202		20,569		(724		)	19,845		10,194
Buena Vista	Mid Rise	Jan-06	Pasadena, CA	1973	92	9,693		6,818		1,499		9,693		8,317		18,010		(2,607		)	15,403		10,033
Burke Shire Commons	Garden	Mar-01	Burke, VA	1986	360	4,867		23,617		8,707		4,867		32,324		37,191		(13,704		)	23,487		42,239
Calhoun Beach Club	High Rise	Dec-98	Minneapolis, MN	1928	332	11,708		73,334		50,873		11,708		124,207		135,915		(58,397		)	77,518		46,590
Canterbury Green	Garden	Dec-99	Fort Wayne, IN	1970	1,988	13,659		73,115		24,041		13,659		97,156		110,815		(54,409		)	56,406		50,629
Canyon Terrace	Garden	Mar-02	Saugus, CA	1984	130	7,508		6,601		6,160		7,508		12,761		20,269		(6,305		)	13,964		10,091



						(2)		(3)
		(1)				Initial Cost		Cost Capitalized	December 31, 2013
	Apartment	Date		Year	Apartment		Buildings and	Subsequent to		Buildings and	(4)	Accumulated		Total Cost
Apartment Community Name	Type	Consolidated	Location	Built	Homes	Land	Improvements	Consolidation	Land	Improvements	Total	Depreciation (AD)		Net of AD	Encumbrances

Casa del Mar at Baymeadows	Garden	Oct-06	Jacksonville, FL	1984	144	5,039	10,562	2,902	5,039	13,464	18,503	(4,092	)	14,411	8,820
Cedar Rim	Garden	Apr-00	Newcastle, WA	1980	104	761	5,218	17,029	761	22,247	23,008	(17,854	)	5,154	7,479
Center Square	High Rise	Oct-99	Doylestown, PA	1975	350	582	4,190	3,022	582	7,212	7,794	(3,605	)	4,189	12,910
Charlesbank Apartment Homes	Mid Rise	Sep-13	Watertown, MA	2012	44	3,399	11,726	23	3,399	11,749	15,148	(114	)	15,034	8,500
Chestnut Hall	High Rise	Oct-06	Philadelphia, PA	1923	315	12,338	14,299	6,812	12,338	21,111	33,449	(10,199	)	23,250	17,238
Chestnut Hill Village	Garden	Apr-00	Philadelphia, PA	1963	821	6,469	49,316	48,831	6,469	98,147	104,616	(57,443	)	47,173	56,368
Chimneys of Cradle Rock	Garden	Jun-04	Columbia, MD	1979	198	2,040	8,108	1,243	2,040	9,351	11,391	(3,382	)	8,009	16,156
Colony at Kenilworth	Garden	Oct-99	Towson, MD	1966	383	2,403	18,799	15,903	2,403	34,702	37,105	(21,537	)	15,568	23,048
Columbus Avenue	Mid Rise	Sep-03	New York, NY	1/1/1880	59	35,527	9,450	4,598	35,527	14,048	49,575	(7,973	)	41,602	27,843
Creekside	Garden	Jan-00	Denver, CO	1974	328	3,189	12,698	5,479	3,189	18,177	21,366	(10,358	)	11,008	12,424
Crescent at West Hollywood, The	Mid Rise	Mar-02	West Hollywood, CA	1985	130	15,765	10,215	14,427	15,765	24,642	40,407	(16,813	)	23,594	23,694
Elm Creek	Mid Rise	Dec-97	Elmhurst, IL	1987	400	5,910	30,830	30,750	5,910	61,580	67,490	(26,139	)	41,351	41,472
Evanston Place	High Rise	Dec-97	Evanston, IL	1990	189	3,232	25,546	6,229	3,232	31,775	35,007	(14,147	)	20,860	20,628
Farmingdale	Mid Rise	Oct-00	Darien, IL	1975	240	11,763	15,174	10,119	11,763	25,293	37,056	(13,304	)	23,752	16,027
Flamingo Towers	High Rise	Sep-97	Miami Beach, FL	1960	1,161	32,239	39,410	240,961	32,239	280,371	312,610	(116,869	)	195,741	112,970
Four Quarters Habitat	Garden	Jan-06	Miami, FL	1976	336	2,379	17,199	18,160	2,379	35,359	37,738	(19,850	)	17,888	8,644
Foxchase	Garden	Dec-97	Alexandria, VA	1940	2,113	15,496	96,062	32,317	15,496	128,379	143,875	(64,462	)	79,413	246,181
Georgetown	Garden	Aug-02	Framingham, MA	1964	207	12,351	13,168	2,038	12,351	15,206	27,557	(5,775	)	21,782	9,692
Granada	Mid Rise	Aug-02	Framingham, MA	1958	72	4,577	4,057	867	4,577	4,924	9,501	(2,449	)	7,052	3,246
Grand Pointe	Garden	Dec-99	Columbia, MD	1972	325	2,714	16,771	5,401	2,715	22,171	24,886	(10,457	)	14,429	15,695
Greens	Garden	Jul-94	Chandler, AZ	2000	324	2,303	713	28,836	2,303	29,549	31,852	(17,513	)	14,339	9,377
Heritage Park Escondido	Garden	Oct-00	Escondido, CA	1986	196	1,055	7,565	1,495	1,055	9,060	10,115	(5,391	)	4,724	7,236
Heritage Park Livermore	Garden	Oct-00	Livermore, CA	1988	167	1,039	9,170	1,382	1,039	10,552	11,591	(5,920	)	5,671	7,468
Heritage Village Anaheim	Garden	Oct-00	Anaheim, CA	1986	196	1,832	8,541	1,513	1,832	10,054	11,886	(5,867	)	6,019	8,781
Hidden Cove	Garden	Jul-98	Escondido, CA	1983	334	3,043	17,616	7,508	3,043	25,124	28,167	(12,839	)	15,328	29,073
Hidden Cove II	Garden	Jul-07	Escondido, CA	1986	118	12,849	6,530	6,257	12,849	12,787	25,636	(6,137	)	19,499	10,864
Hillcreste	Garden	Mar-02	Century City, CA	1989	315	35,862	47,216	24,470	35,862	71,686	107,548	(34,664	)	72,884	70,250
Hillmeade	Garden	Nov-94	Nashville, TN	1986	288	2,872	16,070	10,594	2,872	26,664	29,536	(14,712	)	14,824	17,073
Horizons West Apartments	Mid Rise	Dec-06	Pacifica, CA	1970	78	8,887	6,377	1,868	8,887	8,245	17,132	(3,011	)	14,121	4,807
Hunt Club	Garden	Sep-00	Gaithersburg, MD	1986	336	17,859	13,149	8,445	17,859	21,594	39,453	(9,435	)	30,018	—
Hunter's Chase	Garden	Jan-01	Midlothian, VA	1985	320	7,935	7,915	3,113	7,935	11,028	18,963	(4,729	)	14,234	15,350
Hunters Glen	Garden	Oct-99	Plainsboro, NJ	1976	896	8,778	47,259	42,658	8,779	89,916	98,695	(63,437	)	35,258	64,358
Hyde Park Tower	High Rise	Oct-04	Chicago, IL	1990	155	4,731	14,927	3,373	4,731	18,300	23,031	(4,815	)	18,216	14,028
Indian Oaks	Garden	Mar-02	Simi Valley, CA	1986	254	24,523	15,801	5,200	24,523	21,001	45,524	(8,904	)	36,620	31,184
Island Club	Garden	Oct-00	Oceanside, CA	1986	592	18,027	28,654	14,010	18,027	42,664	60,691	(23,271	)	37,420	61,169
Key Towers	High Rise	Apr-01	Alexandria, VA	1964	140	1,526	7,050	6,262	1,526	13,312	14,838	(8,036	)	6,802	10,287
Lakeside	Garden	Oct-99	Lisle, IL	1972	568	5,840	27,937	32,029	5,840	59,966	65,806	(38,230	)	27,576	27,808
Lakeside at Vinings Mountain	Garden	Jan-00	Atlanta, GA	1983	220	2,111	11,862	15,823	2,111	27,685	29,796	(18,631	)	11,165	14,459
Latrobe	High Rise	Jan-03	Washington, DC	1980	175	3,459	9,103	16,140	3,459	25,243	28,702	(17,149	)	11,553	29,452
Lazy Hollow	Garden	Apr-05	Columbia, MD	1979	178	2,429	12,181	326	2,430	12,506	14,936	(6,132	)	8,804	13,332
Lincoln Place (5)	Garden	Oct-04	Venice, CA	1951	696	128,332	10,439	242,465	44,197	252,904	297,101	(3,581	)	293,520	134,869
Lodge at Chattahoochee, The	Garden	Oct-99	Sandy Springs, GA	1970	312	2,335	16,370	23,999	2,335	40,369	42,704	(25,788	)	16,916	21,201
Los Arboles	Garden	Sep-97	Chandler, AZ	1986	232	1,662	9,504	2,847	1,662	12,351	14,013	(6,212	)	7,801	7,687
Malibu Canyon	Garden	Mar-02	Calabasas, CA	1986	698	69,834	53,438	32,554	69,834	85,992	155,826	(42,448	)	113,378	90,240
Maple Bay	Garden	Dec-99	Virginia Beach, VA	1971	414	2,597	16,141	29,362	2,598	45,502	48,100	(29,535	)	18,565	31,143
Mariners Cove	Garden	Mar-02	San Diego, CA	1984	500	—	66,861	7,545	—	74,406	74,406	(27,789	)	46,617	1,904
Meadow Creek	Garden	Jul-94	Boulder, CO	1968	332	1,435	24,533	5,717	1,435	30,250	31,685	(15,049	)	16,636	22,643
Merrill House	High Rise	Jan-00	Falls Church, VA	1964	159	1,836	10,831	6,790	1,836	17,621	19,457	(7,737	)	11,720	18,514



						(2)		(3)
		(1)				Initial Cost		Cost Capitalized	December 31, 2013
	Apartment	Date		Year	Apartment		Buildings and	Subsequent to		Buildings and	(4)	Accumulated		Total Cost
Apartment Community Name	Type	Consolidated	Location	Built	Homes	Land	Improvements	Consolidation	Land	Improvements	Total	Depreciation (AD)		Net of AD	Encumbrances

Monterey Grove	Garden	Jun-08	San Jose, CA	1999	224	34,325	21,939	3,318	34,325	25,257	59,582	(6,919	)	52,663	33,438
Oak Park Village	Garden	Oct-00	Lansing, MI	1972	618	10,048	16,771	6,025	10,048	22,796	32,844	(13,482	)	19,362	—
Ocean House on Prospect	Mid Rise	Apr-13	La Jolla, CA	1970	60	12,528	18,805	455	12,528	19,260	31,788	(480	)	31,308	14,583
Pacific Bay Vistas (5)	Garden	Mar-01	San Bruno, CA	1987	308	28,694	62,460	23,061	22,994	85,520	108,514	(2,482	)	106,032	58,108
Pacifica Park	Garden	Jul-06	Pacifica, CA	1977	104	12,970	6,579	3,452	12,970	10,031	23,001	(4,280	)	18,721	12,135
Palazzo at Park La Brea, The	Mid Rise	Feb-04	Los Angeles, CA	2002	521	48,362	125,464	21,929	48,362	147,393	195,755	(52,213	)	143,542	117,943
Palazzo East at Park La Brea, The	Mid Rise	Mar-05	Los Angeles, CA	2005	611	72,578	136,503	13,319	72,578	149,822	222,400	(50,189	)	172,211	122,992
Paradise Palms	Garden	Jul-94	Phoenix, AZ	1985	130	647	3,516	6,452	647	9,968	10,615	(6,693	)	3,922	6,026
Park & 12th	Mid Rise	Jul-13	Atlanta, GA	2012	30	2,793	6,662	14	2,793	6,676	9,469	(103	)	9,366	6,185
Park Towne Place	High Rise	Apr-00	Philadelphia, PA	1959	959	10,472	47,301	126,690	10,472	173,991	184,463	(44,061	)	140,402	—
Parktown Townhouses	Garden	Oct-99	Deer Park, TX	1968	309	2,572	12,051	13,434	2,572	25,485	28,057	(12,418	)	15,639	10,180
Parkway	Garden	Mar-00	Willamsburg, VA	1971	148	386	2,834	3,055	386	5,889	6,275	(3,478	)	2,797	8,642
Pathfinder Village	Garden	Jan-06	Fremont, CA	1973	246	19,595	14,838	9,664	19,595	24,502	44,097	(8,827	)	35,270	18,345
Peachtree Park	Garden	Jan-96	Atlanta, GA	1969	303	4,684	11,713	12,566	4,683	24,280	28,963	(12,092	)	16,871	8,155
Peak at Vinings Mountain, The	Garden	Jan-00	Atlanta, GA	1980	280	2,651	13,660	18,412	2,651	32,072	34,723	(21,784	)	12,939	15,276
Peakview Place	Garden	Jan-00	Englewood, CO	1975	296	3,442	18,734	985	3,443	19,718	23,161	(12,555	)	10,606	12,066
Peppertree	Garden	Mar-02	Cypress, CA	1971	136	8,030	5,225	2,393	8,030	7,618	15,648	(3,733	)	11,915	12,654
Pine Lake Terrace	Garden	Mar-02	Garden Grove, CA	1971	111	4,124	6,035	2,216	4,125	8,250	12,375	(3,597	)	8,778	9,117
Plantation Gardens	Garden	Oct-99	Plantation ,FL	1971	372	3,773	19,443	18,613	3,773	38,056	41,829	(16,587	)	25,242	22,637
Post Ridge	Garden	Jul-00	Nashville, TN	1972	150	1,883	6,712	4,587	1,883	11,299	13,182	(6,609	)	6,573	5,683
Preserve at Marin	Mid Rise	Aug-11	Corte Madera, CA	1964	126	18,179	30,132	38,133	18,179	68,265	86,444	—		86,444	39,795
Ramblewood	Garden	Dec-99	Wyoming, MI	1973	1,707	8,661	61,082	10,060	8,661	71,142	79,803	(25,852	)	53,951	33,314
Ravensworth Towers	High Rise	Jun-04	Annandale, VA	1974	219	3,455	17,157	2,566	3,455	19,723	23,178	(10,593	)	12,585	22,352
Reflections	Garden	Sep-00	Virginia Beach, VA	1987	480	15,988	13,684	5,004	15,988	18,688	34,676	(9,086	)	25,590	30,374
Remington at Ponte Vedra Lakes	Garden	Dec-06	Ponte Vedra Beach, FL	1986	344	18,795	18,650	4,810	18,795	23,460	42,255	(7,819	)	34,436	23,169
River Club,The	Garden	Apr-05	Edgewater, NJ	1998	266	30,579	30,638	3,051	30,579	33,689	64,268	(11,350	)	52,918	33,049
Riverloft	High Rise	Oct-99	Philadelphia, PA	1910	184	2,120	11,287	28,203	2,120	39,490	41,610	(15,355	)	26,255	15,272
Riverside	High Rise	Apr-00	Alexandria ,VA	1973	1,222	10,493	65,474	86,890	10,492	152,365	162,857	(102,559	)	60,298	117,689
Rosewood	Garden	Mar-02	Camarillo, CA	1976	152	12,430	8,060	3,806	12,430	11,866	24,296	(4,720	)	19,576	17,230
Royal Crest Estates	Garden	Aug-02	Warwick, RI	1972	492	22,433	24,095	5,316	22,433	29,411	51,844	(15,768	)	36,076	35,878
Royal Crest Estates	Garden	Aug-02	Nashua, NH	1970	902	68,230	45,562	9,315	68,231	54,876	123,107	(32,003	)	91,104	39,468
Royal Crest Estates	Garden	Aug-02	Marlborough, MA	1970	473	25,178	28,786	6,772	25,178	35,558	60,736	(17,052	)	43,684	33,393
Royal Crest Estates	Garden	Aug-02	North Andover, MA	1970	588	51,292	36,807	17,229	51,292	54,036	105,328	(22,860	)	82,468	58,306
Runaway Bay	Garden	Oct-00	Lantana, FL	1987	404	5,935	16,052	8,712	5,934	24,765	30,699	(11,783	)	18,916	20,647
San Melia	Garden	Mar-12	Phoenix, AZ	1998	488	16,631	55,679	5,018	16,631	60,697	77,328	(3,999	)	73,329	31,570
Savannah Trace	Garden	Mar-01	Shaumburg, IL	1986	368	13,960	20,732	4,112	13,960	24,844	38,804	(11,433	)	27,371	24,985
Scotchollow	Garden	Jan-06	San Mateo, CA	1971	418	49,475	17,756	11,075	49,474	28,832	78,306	(11,197	)	67,109	46,867
Shenandoah Crossing	Garden	Sep-00	Fairfax, VA	1984	640	18,200	57,198	16,755	18,200	73,953	92,153	(39,732	)	52,421	64,844
Signal Pointe	Garden	Oct-99	Winter Park, FL	1969	368	2,392	11,358	26,388	2,392	37,746	40,138	(25,480	)	14,658	17,884
Signature Point	Garden	Nov-96	League City, TX	1994	304	2,810	17,579	2,795	2,810	20,374	23,184	(8,635	)	14,549	8,329
Springwoods at Lake Ridge	Garden	Jul-02	Woodbridge, VA	1984	180	5,587	7,284	3,292	5,587	10,576	16,163	(2,868	)	13,295	13,406
Spyglass at Cedar Cove	Garden	Sep-00	Lexington Park, MD	1985	152	3,241	5,094	2,858	3,241	7,952	11,193	(4,339	)	6,854	9,906
Stafford	High Rise	Oct-02	Baltimore, MD	1/1/1889	96	562	4,033	4,029	562	8,062	8,624	(5,261	)	3,363	4,053
Steeplechase	Garden	Sep-00	Largo, MD	1986	240	3,675	16,111	4,954	3,675	21,065	24,740	(9,981	)	14,759	—
Sterling Apartment Homes, The	Garden	Oct-99	Philadelphia, PA	1961	537	8,871	55,365	30,746	8,871	86,111	94,982	(44,305	)	50,677	72,940
Stone Creek Club	Garden	Sep-00	Germantown, MD	1984	240	13,593	9,347	6,216	13,593	15,563	29,156	(8,445	)	20,711	—
Tamarac Village	Garden	Apr-00	Denver, CO	1979	564	4,224	23,491	8,856	4,223	32,348	36,571	(19,640	)	16,931	17,596
Towers Of Westchester Park, The	High Rise	Jan-06	College Park, MD	1972	303	15,198	22,029	8,846	15,198	30,875	46,073	(9,871	)	36,202	25,955



						(2)		(3)
		(1)				Initial Cost		Cost Capitalized	December 31, 2013
	Apartment	Date		Year	Apartment		Buildings and	Subsequent to		Buildings and	(4)	Accumulated		Total Cost
Apartment Community Name	Type	Consolidated	Location	Built	Homes	Land	Improvements	Consolidation	Land	Improvements	Total	Depreciation (AD)		Net of AD	Encumbrances

Township At Highlands	Town Home	Nov-96	Centennial, CO	1985	161	1,536	9,773	6,406	1,536	16,179	17,715	(9,181	)	8,534	15,443
Twin Lake Towers	High Rise	Oct-99	Westmont, IL	1969	399	3,268	18,763	38,188	3,268	56,951	60,219	(39,046	)	21,173	32,241
Vantage Pointe	Mid Rise	Aug-02	Swampscott, MA	1987	96	4,748	10,089	984	4,749	11,072	15,821	(3,667	)	12,154	5,610
Views at Vinings Mountain, The	Garden	Jan-06	Atlanta, GA	1983	180	610	5,026	12,136	610	17,162	17,772	(14,534	)	3,238	—
Villa Del Sol	Garden	Mar-02	Norwalk, CA	1972	120	7,476	4,861	2,465	7,476	7,326	14,802	(3,799	)	11,003	11,617
Village in the Woods	Garden	Jan-00	Cypress, TX	1983	530	3,463	15,787	10,256	3,463	26,043	29,506	(16,217	)	13,289	18,552
Village of Pennbrook	Garden	Oct-98	Levittown, PA	1969	722	10,240	38,222	13,191	10,240	51,413	61,653	(28,814	)	32,839	45,689
Villages of Baymeadows	Garden	Oct-99	Jacksonville, FL	1972	904	4,860	33,956	54,761	4,860	88,717	93,577	(56,918	)	36,659	—
Villas at Park La Brea, The	Garden	Mar-02	Los Angeles, CA	2002	250	8,630	48,871	4,909	8,630	53,780	62,410	(21,127	)	41,283	23,480
Vista Del Lagos	Garden	Dec-97	Chandler, AZ	1986	200	804	4,951	3,334	804	8,285	9,089	(3,657	)	5,432	11,201
Waterford Village	Garden	Aug-02	Bridgewater, MA	1971	588	29,110	28,101	3,145	29,110	31,246	60,356	(19,908	)	40,448	38,596
Waterways Village	Garden	Jun-97	Aventura, FL	1994	180	4,504	11,064	4,413	4,504	15,477	19,981	(7,725	)	12,256	3,983
Waverly Apartments	Garden	Aug-08	Brighton, MA	1970	103	7,920	11,347	1,808	7,920	13,155	21,075	(3,211	)	17,864	12,664
Wexford Village	Garden	Aug-02	Worcester, MA	1974	264	6,349	17,939	1,165	6,349	19,104	25,453	(9,139	)	16,314	11,036
Willow Bend	Garden	May-98	Rolling Meadows, IL	1969	328	2,717	15,437	25,531	2,717	40,968	43,685	(27,326	)	16,359	18,715
Windrift	Garden	Mar-01	Oceanside, CA	1987	404	24,960	17,590	19,610	24,960	37,200	62,160	(24,444	)	37,716	42,602
Windsor Crossing	Garden	Mar-00	Newport News, VA	1978	156	131	2,110	2,944	131	5,054	5,185	(2,680	)	2,505	—
Windsor Park	Garden	Mar-01	Woodbridge, VA	1987	220	4,279	15,970	5,040	4,279	21,010	25,289	(8,724	)	16,565	18,580
Woods Of Williamsburg	Garden	Jan-06	Williamsburg, VA	1976	125	798	3,657	1,305	798	4,962	5,760	(3,776	)	1,984	—
Yacht Club at Brickell	High Rise	Dec-03	Miami, FL	1998	357	31,362	32,214	8,198	31,363	40,411	71,774	(11,061	)	60,713	49,106
Yorktown Apartments	High Rise	Dec-99	Lombard, IL	1971	364	3,055	18,162	32,723	3,055	50,885	53,940	(20,295	)	33,645	31,516
Total Conventional Apartment Communities					50,344	1,923,523	3,215,827	2,327,334	1,833,694	5,537,450	7,371,144	(2,424,839	)	4,946,305	3,941,913

Affordable Apartment Communities:
All Hallows	Garden	Jan-06	San Francisco, CA	1976	157	1,338	29,770	20,865	1,338	50,635	51,973	(25,568	)	26,405	23,289
Arvada House	High Rise	Nov-04	Arvada, CO	1977	88	405	3,314	2,310	405	5,624	6,029	(2,186	)	3,843	4,000
Bayview	Garden	Jun-05	San Francisco, CA	1976	146	582	15,265	17,474	582	32,739	33,321	(18,342	)	14,979	11,993
Beacon Hill	High Rise	Mar-02	Hillsdale, MI	1980	198	1,094	7,044	6,687	1,093	13,732	14,825	(5,802	)	9,023	6,995
Biltmore Towers	High Rise	Mar-02	Dayton, OH	1980	230	1,814	6,411	13,777	1,813	20,189	22,002	(12,276	)	9,726	10,401
Butternut Creek	Mid Rise	Jan-06	Charlotte, MI	1980	100	505	3,617	3,847	505	7,464	7,969	(5,299	)	2,670	4,051
Carriage House	Mid Rise	Dec-06	Petersburg, VA	1885-01-01	118	716	2,886	3,789	716	6,675	7,391	(3,321	)	4,070	1,892
City Line	Garden	Mar-02	Newport News, VA	1976	200	500	2,014	7,686	500	9,700	10,200	(4,431	)	5,769	4,526
Copperwood I Apartments	Garden	Apr-06	The Woodlands, TX	1980	150	383	8,373	5,529	383	13,902	14,285	(11,949	)	2,336	5,321
Copperwood II Apartments	Garden	Oct-05	The Woodlands, TX	1981	150	459	5,553	3,514	459	9,067	9,526	(5,253	)	4,273	5,490
Country Club Heights	Garden	Mar-04	Quincy, IL	1976	200	676	5,715	4,957	675	10,673	11,348	(5,276	)	6,072	6,095
Crevenna Oaks	Town Home	Jan-06	Burke, VA	1979	50	355	4,848	368	355	5,216	5,571	(2,636	)	2,935	2,803
Fairwood	Garden	Jan-06	Carmichael, CA	1979	86	177	5,264	267	176	5,532	5,708	(3,828	)	1,880	1,944
Fountain Place	Mid Rise	Jan-06	Connersville, IN	1980	102	378	2,091	3,038	378	5,129	5,507	(1,419	)	4,088	1,007
Friendset Apartments	High Rise	Jan-06	Brooklyn, NY	1979	259	550	16,304	1,540	550	17,844	18,394	(10,087	)	8,307	13,099
Hopkins Village	Mid Rise	Sep-03	Baltimore, MD	1979	165	549	5,973	3,613	549	9,586	10,135	(3,455	)	6,680	9,100
Hudson Gardens	Garden	Mar-02	Pasadena, CA	1983	41	914	1,548	1,287	914	2,835	3,749	(941	)	2,808	3,096
Ingram Square	Garden	Jan-06	San Antonio, TX	1980	120	800	3,136	5,769	800	8,905	9,705	(4,623	)	5,082	3,493
Kirkwood House	High Rise	Sep-04	Baltimore, MD	1979	261	1,337	9,358	8,585	1,338	17,942	19,280	(6,655	)	12,625	16,000
La Salle	Garden	Oct-00	San Francisco, CA	1976	145	1,866	19,567	17,716	1,866	37,283	39,149	(22,769	)	16,380	18,053
La Vista	Garden	Jan-06	Concord, CA	1981	75	581	4,449	4,296	581	8,745	9,326	(2,805	)	6,521	5,155
Loring Towers	High Rise	Oct-02	Minneapolis, MN	1975	230	886	7,445	8,262	886	15,707	16,593	(6,631	)	9,962	9,891
Loring Towers Apartments	High Rise	Sep-03	Salem, MA	1973	250	187	14,050	7,424	187	21,474	21,661	(7,857	)	13,804	11,035
Montblanc Gardens	Town Home	Dec-03	Yauco, PR	1982	128	390	3,859	653	391	4,511	4,902	(2,697	)	2,205	—



						(2)				(3)
		(1)				Initial Cost				Cost Capitalized		December 31, 2013
	Apartment	Date		Year	Apartment			Buildings and		Subsequent to				Buildings and		(4)		Accumulated			Total Cost
Apartment Community Name	Type	Consolidated	Location	Built	Homes	Land		Improvements		Consolidation		Land		Improvements		Total		Depreciation (AD)			Net of AD		Encumbrances

New Baltimore	Mid Rise	Mar-02	New Baltimore, MI	1980	101	896		2,360		5,211		896		7,571		8,467		(3,348		)	5,119		2,067
Newberry Park	Garden	Dec-97	Chicago, IL	1995	84	1,380		7,632		445		1,380		8,077		9,457		(3,466		)	5,991		6,946
Northpoint	Garden	Jan-00	Chicago, IL	1921	304	2,510		14,334		16,870		2,510		31,204		33,714		(21,833		)	11,881		17,943
Panorama Park	Garden	Mar-02	Bakersfield, CA	1982	66	521		5,520		1,085		521		6,605		7,126		(2,848		)	4,278		1,995
Parc Chateau I	Garden	Jan-06	Lithonia, GA	1973	86	592		1,442		326		592		1,768		2,360		(1,732		)	628		99
Parc Chateau II	Garden	Jan-06	Lithonia, GA	1974	88	596		2,965		293		596		3,258		3,854		(2,555		)	1,299		100
Park Place	Mid Rise	Jun-05	St Louis, MO	1977	242	705		6,327		10,151		705		16,478		17,183		(12,130		)	5,053		8,918
Parkways, The	Garden	Jun-04	Chicago, IL	1925	446	3,426		23,257		20,458		3,427		43,714		47,141		(22,403		)	24,738		18,797
Pavilion	High Rise	Mar-04	Philadelphia, PA	1976	296	—		15,415		1,905		—		17,320		17,320		(7,504		)	9,816		7,475
Pleasant Hills	Garden	Apr-05	Austin, TX	1982	100	1,229		2,631		3,573		1,229		6,204		7,433		(3,061		)	4,372		3,048
Plummer Village	Mid Rise	Mar-02	North Hills, CA	1983	75	666		2,647		1,685		667		4,331		4,998		(2,702		)	2,296		2,433
Riverwoods	High Rise	Jan-06	Kankakee, IL	1983	125	598		4,931		3,539		598		8,470		9,068		(2,845		)	6,223		3,565
Round Barn Manor	Garden	Mar-02	Champaign, IL	1979	156	810		5,134		5,946		810		11,080		11,890		(2,923		)	8,967		4,592
San Jose Apartments	Garden	Sep-05	San Antonio, TX	1970	220	234		5,770		11,859		234		17,629		17,863		(7,881		)	9,982		4,540
San Juan Del Centro	Mid Rise	Sep-05	Boulder, CO	1971	150	439		7,110		12,822		440		19,931		20,371		(8,834		)	11,537		11,998
Shoreview	Garden	Oct-99	San Francisco, CA	1976	156	1,476		19,071		19,256		1,476		38,327		39,803		(24,049		)	15,754		19,371
South Bay Villa	Garden	Mar-02	Los Angeles, CA	1981	80	1,352		2,770		3,850		1,352		6,620		7,972		(5,412		)	2,560		2,867
St. George Villas	Garden	Jan-06	St. George, SC	1984	40	107		1,025		349		107		1,374		1,481		(1,062		)	419		420
Stonegate Apts	Mid Rise	Jul-09	Indianapolis, IN	1920	52	122		1,920		486		122		2,406		2,528		(1,145		)	1,383		1,852
Summit Oaks	Town Home	Jan-06	Burke, VA	1980	50	381		4,930		391		382		5,320		5,702		(2,534		)	3,168		2,794
Tamarac Pines Apartments I	Garden	Nov-04	Woodlands, TX	1980	144	363		2,775		3,845		363		6,620		6,983		(3,358		)	3,625		3,878
Tamarac Pines Apartments II	Garden	Nov-04	Woodlands, TX	1980	156	266		3,195		4,248		266		7,443		7,709		(3,830		)	3,879		4,201
Terry Manor	Mid Rise	Oct-05	Los Angeles, CA	1977	170	1,997		5,848		6,754		1,997		12,602		14,599		(9,098		)	5,501		6,517
Tompkins Terrace	Garden	Oct-02	Beacon, NY	1974	193	872		6,827		13,782		872		20,609		21,481		(7,952		)	13,529		7,126
University Square	High Rise	Mar-05	Philadelphia, PA	1978	442	702		12,201		9,925		702		22,126		22,828		(8,836		)	13,992		17,494
Van Nuys Apartments	High Rise	Mar-02	Los Angeles, CA	1981	299	3,576		21,226		21,634		3,576		42,860		46,436		(14,213		)	32,223		24,714
Verdes Del Oriente	Garden	Jan-10	San Pedro, CA	1976	113	1,139		7,044		55		1,139		7,099		8,238		(3,151		)	5,087		4,984
Villas of Mount Dora (5)	Garden	Jan-10	Mt. Dora, FL	1979	70	322		1,828		290		328		1,585		1,913		(995		)	918		1,480
Wah Luck House	High Rise	Jan-06	Washington, DC	1982	153	—		7,772		704		—		8,476		8,476		(2,554		)	5,922		6,823
Walnut Hills	High Rise	Jan-06	Cincinnati, OH	1983	198	826		5,608		5,505		826		11,113		11,939		(4,487		)	7,452		5,445
Washington Square West	Mid Rise	Sep-04	Philadelphia, PA	1982	132	582		11,169		6,814		582		17,983		18,565		(12,831		)	5,734		3,630
Whitefield Place	Garden	Apr-05	San Antonio, TX	1980	80	219		3,151		2,760		219		5,911		6,130		(3,150		)	2,980		2,114
Winter Gardens	High Rise	Mar-04	St Louis, MO	1920	112	300		3,072		4,662		300		7,734		8,034		(2,268		)	5,766		3,515
Woodland Hills	Garden	Oct-05	Jackson, MI	1980	125	320		3,875		4,569		321		8,443		8,764		(4,937		)	3,827		3,402
Total Affordable Apartment Communities					8,953	46,966		420,636		359,300		46,975		779,400		826,375		(398,033		)	428,342		395,872
Other (6)					—	689		15,873		—		689		15,873		16,562		—			16,562		—
Total					59,297	$	1,971,178	$	3,652,336	$	2,686,634	$	1,881,358	$	6,332,723	$	8,214,081	$	(2,822,872	)	$	5,391,209	$	4,337,785

(1) Date we acquired the apartment property or first consolidated the partnership which owns the apartment community.
(2) For 2008 and prior periods, costs to acquire the noncontrolling interest’s share of our consolidated real estate partnerships were capitalized as part of the initial cost.
(3) Costs capitalized subsequent to consolidation includes costs capitalized since acquisition or first consolidation of the partnership/apartment community.
(4) The aggregate cost of land and depreciable property for federal income tax purposes was approximately $3.7 billion at December 31, 2013.
(5) The current carrying value of the apartment community reflects an impairment loss recognized during the current period or prior periods.
(6) Other includes land parcels and development costs.