Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2014

Reconciliation of consolidated temporary equity accounts



Balance, December 31, 2013	$	79,953
Distributions to preferred unitholders	(4,808		)
Redemption of preferred units and other	(1,044		)
Net income	4,808
Balance, September 30, 2014	$	78,909

Reconciliation of consolidated permanent equity accounts



	Aimco Equity			Noncontrolling interests in consolidated real estate partnerships			Common noncontrolling interests in Aimco Operating Partnership			Total Equity
Balance, December 31, 2013	$	967,457		$	233,008		$	(27,721	)	$	1,172,744
Contributions	—			10,915			—			10,915
Issuance of preferred stock	123,620			—			—			123,620
Repurchase of preferred stock	(9,516		)	—			—			(9,516		)
Preferred stock dividends	(5,314		)	—			—			(5,314		)
Common dividends and distributions	(113,988		)	(31,821		)	(6,020		)	(151,829		)
Redemptions of common OP Units	—			—			(7,581		)	(7,581		)
Amortization of stock-based compensation cost	4,824			—			—			4,824
Stock option exercises	587			—			—			587
Effect of changes in ownership for consolidated entities	(8,690		)	(76		)	8,703			(63		)
Change in accumulated other comprehensive loss	(914		)	121			(48		)	(841		)
Other	188			(23		)	—			165
Net income	269,997			21,952			13,895			305,844
Balance, September 30, 2014	$	1,228,251		$	234,076		$	(18,772	)	$	1,443,555

AIMCO PROPERTIES, L.P

Schedule of Equity [Line Items]

Reconciliation of consolidated permanent equity accounts



	Partners’ capital attributable to the Partnership
Balance, December 31, 2013	$	939,736
Issuance of Preferred Units to Aimco	123,620
Repurchase of Preferred Units from Aimco	(9,516		)
Distributions to preferred units held by Aimco	(5,314		)
Distributions to common units held by Aimco	(113,988		)
Distributions to common units held by Limited Partners	(6,020		)
Redemption of common OP Units	(7,581		)
Amortization of Aimco stock-based compensation cost	4,824
Common OP Units issued to Aimco in connection with Aimco stock option exercises	587
Effect of changes in ownership for consolidated entities	13
Change in accumulated other comprehensive loss	(962		)
Other	188
Net income	283,892
Balance, September 30, 2014	$	1,209,479

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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