APARTMENT INVESTMENT AND MANAGEMENT COMPANY

AIMCO PROPERTIES, L.P.

SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2018

(In Thousands Except Apartment Home Data)



										(2)
		(1)				Initial Cost				Cost Capitalized		December 31, 2018
	Apartment	Date		Year	Apartment			Buildings and		Subsequent to				Buildings and		(3)		Accumulated			Total Cost		(4)
Apartment Community Name	Type	Consolidated	Location	Built	Homes	Land		Improvements		Consolidation		Land		Improvements		Total		Depreciation (AD)			Net of AD		Encumbrances

Real Estate Segment:
100 Forest Place	High Rise	Dec 1997	Oak Park, IL	1987	234	$	2,664	$	18,815	$	10,553	$	2,664	$	29,368	$	32,032	$	(15,640	)	$	16,392	$	35,048
118-122 West 23rd Street	High Rise	Jun 2012	New York, NY	1987	42	14,985		23,459		6,752		14,985		30,211		45,196		(9,121		)	36,075		17,457
173 E. 90th Street	High Rise	May 2004	New York, NY	1910	72	12,066		4,535		8,068		12,066		12,603		24,669		(3,730		)	20,939		—
182-188 Columbus Avenue	Mid Rise	Feb 2007	New York, NY	1910	32	19,123		3,300		5,513		19,123		8,813		27,936		(3,968		)	23,968		13,925
1045 on the Park Apartments Homes	Mid Rise	Jul 2013	Atlanta, GA	2012	30	2,793		6,662		692		2,793		7,354		10,147		(1,423		)	8,724		5,627
1582 First Avenue	High Rise	Mar 2005	New York, NY	1900	17	4,281		752		499		4,281		1,251		5,532		(578		)	4,954		2,273
21 Fitzsimons	Mid Rise	Aug 2014	Aurora, CO	2008	600	12,864		104,720		20,379		12,864		125,099		137,963		(19,590		)	118,373		90,000
234 East 88th Street	Mid Rise	Jan 2014	New York, NY	1900	20	2,448		4,449		807		2,448		5,256		7,704		(1,154		)	6,550		3,223
236-238 East 88th Street	High Rise	Jan 2004	New York, NY	1900	43	8,820		2,914		2,681		8,820		5,595		14,415		(1,930		)	12,485		10,875
237-239 Ninth Avenue	High Rise	Mar 2005	New York, NY	1900	36	8,495		1,866		3,092		8,495		4,958		13,453		(2,770		)	10,683		5,553
240 West 73rd Street, LLC	High Rise	Sep 2004	New York, NY	1900	200	68,109		12,140		11,905		68,109		24,045		92,154		(9,818		)	82,336		—
2900 on First Apartments	Mid Rise	Oct 2008	Seattle, WA	1989	135	19,070		17,518		33,542		19,070		51,060		70,130		(25,554		)	44,576		13,915
306 East 89th Street	High Rise	Jul 2004	New York, NY	1930	20	2,680		1,006		1,098		2,680		2,104		4,784		(888		)	3,896		1,854
311 & 313 East 73rd Street	Mid Rise	Mar 2003	New York, NY	1904	34	5,678		1,609		520		5,678		2,129		7,807		(1,487		)	6,320		3,904
322-324 East 61st Street	High Rise	Mar 2005	New York, NY	1900	40	6,372		2,224		1,512		6,372		3,736		10,108		(1,830		)	8,278		3,410
3400 Avenue of the Arts	Mid Rise	Mar 2002	Costa Mesa, CA	1987	770	57,241		65,506		80,349		57,241		145,855		203,096		(86,923		)	116,173		145,752
452 East 78th Street	High Rise	Jan 2004	New York, NY	1900	12	1,982		608		548		1,982		1,156		3,138		(486		)	2,652		2,542
464-466 Amsterdam & 200-210 W. 83rd Street	Mid Rise	Feb 2007	New York, NY	1910	71	25,553		7,101		6,070		25,553		13,171		38,724		(6,031		)	32,693		20,520
510 East 88th Street	High Rise	Jan 2004	New York, NY	1900	20	3,163		1,002		622		3,163		1,624		4,787		(642		)	4,145		2,724
514-516 East 88th Street	High Rise	Mar 2005	New York, NY	1900	36	6,282		2,168		1,593		6,282		3,761		10,043		(1,619		)	8,424		3,696
518 East 88th Street	Mid Rise	Jan 2014	New York, NY	1900	20	2,233		4,315		606		2,233		4,921		7,154		(1,137		)	6,017		2,792
707 Leahy	Garden	Apr 2007	Redwood City, CA	1973	110	15,444		7,909		7,406		15,444		15,315		30,759		(6,964		)	23,795		8,737
777 South Broad Street	Mid Rise	May 2018	Philadelphia, PA	2010	146	6,986		67,512		829		6,986		68,341		75,327		(1,515		)	73,812		57,627
865 Bellevue	Garden	Jul 2000	Nashville, TN	1972	326	3,562		12,037		23,538		3,562		35,575		39,137		(23,393		)	15,744		—
Avery Row	Mid Rise	Dec 2018	Arlington, VA	2013	67	8,140		21,348		—		8,140		21,348		29,488		—			29,488		—
Axiom	Mid Rise	Apr 2015	Cambridge, MA	2015	115	—		63,612		2,444		—		66,056		66,056		(8,920		)	57,136		32,978
Bank Lofts	High Rise	Apr 2001	Denver, CO	1920	125	3,525		9,045		5,539		3,525		14,584		18,109		(7,463		)	10,646		10,476
Bay Parc Plaza	High Rise	Sep 2004	Miami, FL	2000	474	22,680		41,847		34,053		22,680		75,900		98,580		(22,485		)	76,095		42,434
Bay Ridge at Nashua	Garden	Jan 2003	Nashua, NH	1984	412	3,262		40,713		16,739		3,262		57,452		60,714		(22,738		)	37,976		51,450
Bayberry Hill Estates	Garden	Aug 2002	Framingham, MA	1971	424	19,944		35,945		21,847		19,944		57,792		77,736		(27,629		)	50,107		—
Bent Tree Apartments	Garden	Feb 2018	Centreville, VA	1986	748	46,975		113,695		7,493		46,975		121,188		168,163		(4,331		)	163,832		—
Bluffs at Pacifica, The	Garden	Oct 2006	Pacifica, CA	1963	64	8,108		4,132		17,804		8,108		21,936		30,044		(10,996		)	19,048		—
Boston Lofts	High Rise	Apr 2001	Denver, CO	1890	158	3,446		20,589		5,694		3,446		26,283		29,729		(13,914		)	15,815		15,303
Boulder Creek	Garden	Jul 1994	Boulder, CO	1973	221	754		7,730		20,628		754		28,358		29,112		(19,702		)	9,410		38,500
Broadcast Center	Garden	Mar 2002	Los Angeles, CA	1990	279	29,407		41,244		28,683		29,407		69,927		99,334		(29,655		)	69,679		—
Broadway Lofts	High Rise	Sep 2012	San Diego, CA	1909	84	5,367		14,442		6,126		5,367		20,568		25,935		(4,604		)	21,331		11,531
Burke Shire Commons	Garden	Mar 2001	Burke, VA	1986	360	4,867		23,617		17,678		4,867		41,295		46,162		(24,737		)	21,425		57,860



								(2)
		(1)				Initial Cost		Cost Capitalized	December 31, 2018
	Apartment	Date		Year	Apartment		Buildings and	Subsequent to		Buildings and	(3)	Accumulated		Total Cost	(4)
Apartment Community Name	Type	Consolidated	Location	Built	Homes	Land	Improvements	Consolidation	Land	Improvements	Total	Depreciation (AD)		Net of AD	Encumbrances

Calhoun Beach Club	High Rise	Dec 1998	Minneapolis, MN	1928	332	11,708	73,334	64,948	11,708	138,282	149,990	(79,547	)	70,443	—
Canyon Terrace	Garden	Mar 2002	Saugus, CA	1984	130	7,508	6,601	6,525	7,508	13,126	20,634	(6,960	)	13,674	—
Cedar Rim	Garden	Apr 2000	Newcastle, WA	1980	104	761	5,218	13,032	761	18,250	19,011	(13,153	)	5,858	—
Charlesbank Apartment Homes	Mid Rise	Sep 2013	Watertown, MA	2012	44	3,399	11,726	821	3,399	12,547	15,946	(2,404	)	13,542	7,718
Chestnut Hall	High Rise	Oct 2006	Philadelphia, PA	1923	315	12,338	14,299	12,074	12,338	26,373	38,711	(12,144	)	26,567	36,653
Chimneys of Cradle Rock	Garden	Jun 2004	Columbia, MD	1979	198	2,040	8,108	1,116	2,040	9,224	11,264	(4,206	)	7,058	—
Columbus Avenue	Mid Rise	Sep 2003	New York, NY	1880	59	35,527	9,450	9,117	35,527	18,567	54,094	(10,600	)	43,494	25,205
Creekside	Garden	Jan 2000	Denver, CO	1974	328	3,189	12,698	7,450	3,189	20,148	23,337	(13,072	)	10,265	11,325
Crescent at West Hollywood, The	Mid Rise	Mar 2002	West Hollywood, CA	1985	130	15,765	10,215	8,411	15,765	18,626	34,391	(12,166	)	22,225	40,000
Elm Creek	Mid Rise	Dec 1997	Elmhurst, IL	1987	400	5,910	30,830	31,950	5,910	62,780	68,690	(32,993	)	35,697	51,341
Evanston Place	High Rise	Dec 1997	Evanston, IL	1990	190	3,232	25,546	16,214	3,232	41,760	44,992	(19,152	)	25,840	—
Farmingdale	Mid Rise	Oct 2000	Darien, IL	1975	240	11,763	15,174	11,173	11,763	26,347	38,110	(13,618	)	24,492	13,106
Flamingo Towers	High Rise	Sep 1997	Miami Beach, FL	1960	1,324	32,427	48,808	339,187	32,427	387,995	420,422	(174,249	)	246,173	103,152
Four Quarters Habitat	Garden	Jan 2006	Miami, FL	1976	336	2,379	17,199	30,286	2,379	47,485	49,864	(27,112	)	22,752	51,603
Foxchase	Garden	Dec 1997	Alexandria, VA	1940	2,113	15,496	96,062	52,254	15,496	148,316	163,812	(85,298	)	78,514	223,626
Georgetown	Garden	Aug 2002	Framingham, MA	1964	207	12,351	13,168	3,996	12,351	17,164	29,515	(8,281	)	21,234	14,697
Georgetown II	Mid Rise	Aug 2002	Framingham, MA	1958	72	4,577	4,057	2,118	4,577	6,175	10,752	(3,483	)	7,269	—
Heritage Park Escondido	Garden	Oct 2000	Escondido, CA	1986	196	1,055	7,565	2,572	1,055	10,137	11,192	(6,993	)	4,199	6,129
Heritage Park Livermore	Garden	Oct 2000	Livermore, CA	1988	167	—	10,209	1,850	—	12,059	12,059	(8,176	)	3,883	6,353
Heritage Village Anaheim	Garden	Oct 2000	Anaheim, CA	1986	196	1,832	8,541	2,084	1,832	10,625	12,457	(6,999	)	5,458	7,441
Hidden Cove	Garden	Jul 1998	Escondido, CA	1983	334	3,043	17,616	10,802	3,043	28,418	31,461	(16,205	)	15,256	51,840
Hidden Cove II	Garden	Jul 2007	Escondido, CA	1986	118	12,849	6,530	5,260	12,849	11,790	24,639	(5,263	)	19,376	20,160
Hillcreste	Garden	Mar 2002	Century City, CA	1989	315	35,862	47,216	13,194	35,862	60,410	96,272	(27,374	)	68,898	63,479
Hillmeade	Garden	Nov 1994	Nashville, TN	1986	288	2,872	16,070	20,200	2,872	36,270	39,142	(21,006	)	18,136	27,321
Horizons West Apartments	Mid Rise	Dec 2006	Pacifica, CA	1970	78	8,887	6,377	1,634	8,887	8,011	16,898	(3,689	)	13,209	—
Hunt Club	Garden	Sep 2000	Gaithersburg, MD	1986	336	17,859	13,149	14,154	17,859	27,303	45,162	(16,083	)	29,079	—
Hyde Park Tower	High Rise	Oct 2004	Chicago, IL	1990	155	4,731	14,927	12,334	4,731	27,261	31,992	(9,569	)	22,423	12,620
Indian Oaks	Garden	Mar 2002	Simi Valley, CA	1986	254	24,523	15,801	11,246	24,523	27,047	51,570	(13,180	)	38,390	27,596
Indigo	High Rise	Aug 2016	Redwood City, CA	2016	463	26,932	296,116	1,771	26,932	297,887	324,819	(24,707	)	300,112	138,430
Island Club	Garden	Oct 2000	Oceanside, CA	1986	592	18,027	28,654	18,740	18,027	47,394	65,421	(30,320	)	35,101	94,967
Key Towers	High Rise	Apr 2001	Alexandria, VA	1964	140	1,526	7,050	7,781	1,526	14,831	16,357	(11,892	)	4,465	—
Lakeside	Garden	Oct 1999	Lisle, IL	1972	568	5,840	27,937	22,408	5,840	50,345	56,185	(33,582	)	22,603	25,090
Latrobe	High Rise	Jan 2003	Washington, DC	1980	175	3,459	9,103	12,715	3,459	21,818	25,277	(11,916	)	13,361	26,758
Laurel Crossing	Garden	Jan 2006	San Mateo, CA	1971	418	49,474	17,756	14,166	49,474	31,922	81,396	(15,757	)	65,639	—
Lincoln Place (5)	Garden	Oct 2004	Venice, CA	1951	795	128,332	10,439	337,267	44,197	347,706	391,903	(121,677	)	270,226	187,723
Locust on the Park	High Rise	May 2018	Philadelphia, PA	1911	152	5,292	53,823	2,474	5,292	56,297	61,589	(1,183	)	60,406	35,728
Lodge at Chattahoochee, The	Garden	Oct 1999	Sandy Springs, GA	1970	312	2,335	16,370	16,809	2,335	33,179	35,514	(22,375	)	13,139	—
Malibu Canyon	Garden	Mar 2002	Calabasas, CA	1986	698	69,834	53,438	37,919	69,834	91,357	161,191	(45,222	)	115,969	105,367
Mariners Cove	Garden	Mar 2002	San Diego, CA	1984	500	—	66,861	13,317	—	80,178	80,178	(39,035	)	41,143	—
Meadow Creek	Garden	Jul 1994	Boulder, CO	1968	332	1,435	24,533	9,602	1,435	34,135	35,570	(19,285	)	16,285	—
Merrill House	High Rise	Jan 2000	Falls Church, VA	1964	159	1,836	10,831	7,657	1,836	18,488	20,324	(10,492	)	9,832	—
Mezzo	High Rise	Mar 2015	Atlanta, GA	2008	94	4,292	34,178	1,250	4,292	35,428	39,720	(5,484	)	34,236	23,496
Monterey Grove	Garden	Jun 2008	San Jose, CA	1999	224	34,325	21,939	8,674	34,325	30,613	64,938	(12,039	)	52,899	—
Ocean House on Prospect	Mid Rise	Apr 2013	La Jolla, CA	1970	53	12,528	18,805	15,089	12,528	33,894	46,422	(6,592	)	39,830	12,745
One Canal	High Rise	Sep 2013	Boston, MA	2016	310	—	15,873	179,912	—	195,785	195,785	(20,623	)	175,162	110,310
Pacific Bay Vistas (5)	Garden	Mar 2001	San Bruno, CA	1987	308	28,694	62,460	39,067	23,354	101,527	124,881	(35,131	)	89,750	67,826
Pacifica Park	Garden	Jul 2006	Pacifica, CA	1977	104	12,970	6,579	7,879	12,970	14,458	27,428	(6,565	)	20,863	28,613



								(2)
		(1)				Initial Cost		Cost Capitalized	December 31, 2018
	Apartment	Date		Year	Apartment		Buildings and	Subsequent to		Buildings and	(3)	Accumulated		Total Cost	(4)
Apartment Community Name	Type	Consolidated	Location	Built	Homes	Land	Improvements	Consolidation	Land	Improvements	Total	Depreciation (AD)		Net of AD	Encumbrances

Palazzo at Park La Brea, The	Mid Rise	Feb 2004	Los Angeles, CA	2002	521	48,362	125,464	45,176	48,362	170,640	219,002	(80,075	)	138,927	168,654
Palazzo East at Park La Brea, The	Mid Rise	Mar 2005	Los Angeles, CA	2005	611	72,578	136,503	19,328	72,578	155,831	228,409	(72,709	)	155,700	196,109
Parc Mosaic	Garden	Dec 2014	Boulder, CO	1970	226	15,300	—	53,638	15,300	53,638	68,938	—		68,938	—
Park Towne Place	High Rise	Apr 2000	Philadelphia, PA	1959	940	10,472	47,301	345,748	10,472	393,049	403,521	(119,350	)	284,171	200,000
Pathfinder Village	Garden	Jan 2006	Fremont, CA	1973	246	19,595	14,838	18,457	19,595	33,295	52,890	(14,518	)	38,372	55,000
Peachtree Park	Garden	Jan 1996	Atlanta, GA	1969	303	4,684	11,713	14,045	4,684	25,758	30,442	(16,449	)	13,993	27,800
Plantation Gardens	Garden	Oct 1999	Plantation, FL	1971	372	3,773	19,443	25,655	3,773	45,098	48,871	(27,273	)	21,598	—
Post Ridge	Garden	Jul 2000	Nashville, TN	1972	150	1,883	6,712	4,537	1,883	11,249	13,132	(7,401	)	5,731	—
Preserve at Marin	Mid Rise	Aug 2011	Corte Madera, CA	1964	126	18,179	30,132	84,629	18,179	114,761	132,940	(26,039	)	106,901	36,260
Ravensworth Towers	High Rise	Jun 2004	Annandale, VA	1974	219	3,455	17,157	4,490	3,455	21,647	25,102	(14,617	)	10,485	20,342
River Club,The	Garden	Apr 2005	Edgewater, NJ	1998	266	30,579	30,638	7,475	30,579	38,113	68,692	(17,293	)	51,399	60,000
Riverloft	High Rise	Oct 1999	Philadelphia, PA	1910	184	2,120	11,286	35,086	2,120	46,372	48,492	(23,386	)	25,106	7,680
Rosewood	Garden	Mar 2002	Camarillo, CA	1976	152	12,430	8,060	5,754	12,430	13,814	26,244	(6,984	)	19,260	—
Royal Crest Estates	Garden	Aug 2002	Warwick, RI	1972	492	22,433	24,095	5,512	22,433	29,607	52,040	(20,050	)	31,990	—
Royal Crest Estates	Garden	Aug 2002	Nashua, NH	1970	902	68,230	45,562	15,751	68,230	61,313	129,543	(41,440	)	88,103	71,957
Royal Crest Estates	Garden	Aug 2002	Marlborough, MA	1970	473	25,178	28,786	13,490	25,178	42,276	67,454	(26,610	)	40,844	—
Royal Crest Estates	Garden	Aug 2002	North Andover, MA	1970	588	51,292	36,808	27,916	51,292	64,724	116,016	(36,132	)	79,884	—
Saybrook Point	Garden	Dec 2014	San Jose, CA	1995	324	32,842	84,457	25,729	32,842	110,186	143,028	(14,179	)	128,849	62,329
Shenandoah Crossing	Garden	Sep 2000	Fairfax, VA	1984	640	18,200	57,198	25,345	18,200	82,543	100,743	(58,302	)	42,441	58,565
SouthStar Lofts	High Rise	May 2018	Philadelphia, PA	2014	85	1,780	37,428	402	1,780	37,830	39,610	(836	)	38,774	30,197
Springwoods at Lake Ridge	Garden	Jul 2002	Woodbridge, VA	1984	180	5,587	7,284	3,642	5,587	10,926	16,513	(4,606	)	11,907	—
St. George Villas	Garden	Jan 2006	St. George, SC	1984	40	107	1,025	410	107	1,435	1,542	(1,256	)	286	314
Sterling Apartment Homes, The	Garden	Oct 1999	Philadelphia, PA	1961	534	8,871	55,365	120,426	8,871	175,791	184,662	(82,367	)	102,295	144,030
Stone Creek Club	Garden	Sep 2000	Germantown, MD	1984	240	13,593	9,347	8,078	13,593	17,425	31,018	(12,553	)	18,465	—
The Left Bank	Mid Rise	May 2018	Philadelphia, PA	1929	282	—	130,893	3,053	—	133,946	133,946	(2,879	)	131,067	82,532
Timbers at Long Reach Apartment Homes	Garden	Apr 2005	Columbia, MD	1979	178	2,430	12,181	1,705	2,430	13,886	16,316	(8,182	)	8,134	—
Towers Of Westchester Park, The	High Rise	Jan 2006	College Park, MD	1972	303	15,198	22,029	13,936	15,198	35,965	51,163	(18,825	)	32,338	23,232
Township At Highlands	Town Home	Nov 1996	Centennial, CO	1985	161	1,536	9,773	9,280	1,536	19,053	20,589	(12,181	)	8,408	13,557
Tremont	Mid Rise	Dec 2014	Atlanta, GA	2009	78	5,274	18,011	2,746	5,274	20,757	26,031	(3,110	)	22,921	—
Twin Lake Towers	High Rise	Oct 1999	Westmont, IL	1969	399	3,268	18,763	37,904	3,268	56,667	59,935	(43,106	)	16,829	44,906
Vantage Pointe	Mid Rise	Aug 2002	Swampscott, MA	1987	96	4,748	10,089	2,314	4,748	12,403	17,151	(5,294	)	11,857	2,746
Villa Del Sol	Garden	Mar 2002	Norwalk, CA	1972	120	7,476	4,861	4,553	7,476	9,414	16,890	(5,216	)	11,674	10,582
Villas at Park La Brea, The	Garden	Mar 2002	Los Angeles, CA	2002	250	8,630	48,871	16,008	8,630	64,879	73,509	(30,510	)	42,999	53,868
Villas of Pasadena	Mid Rise	Jan 2006	Pasadena, CA	1973	92	9,693	6,818	4,493	9,693	11,311	21,004	(4,397	)	16,607	—
Vivo	High Rise	Jun 2016	Cambridge, MA	2015	91	6,450	35,974	5,590	6,450	41,564	48,014	(8,694	)	39,320	20,310
Waterford Village	Garden	Aug 2002	Bridgewater, MA	1971	588	29,110	28,101	8,222	29,110	36,323	65,433	(26,540	)	38,893	35,269
Waterways Village	Garden	Jun 1997	Aventura, FL	1994	180	4,504	11,064	15,205	4,504	26,269	30,773	(12,394	)	18,379	13,168
Waverly Apartments	Garden	Aug 2008	Brighton, MA	1970	103	7,920	11,347	6,299	7,920	17,646	25,566	(6,323	)	19,243	11,515
Wexford Village	Garden	Aug 2002	Worcester, MA	1974	264	6,349	17,939	4,245	6,349	22,184	28,533	(12,980	)	15,553	—
Willow Bend	Garden	May 1998	Rolling Meadows, IL	1969	328	2,717	15,437	19,609	2,717	35,046	37,763	(23,492	)	14,271	33,175
Windrift	Garden	Mar 2001	Oceanside, CA	1987	404	24,960	17,590	21,487	24,960	39,077	64,037	(23,762	)	40,275	—
Windsor Park	Garden	Mar 2001	Woodbridge, VA	1987	220	4,279	15,970	6,217	4,279	22,187	26,466	(13,378	)	13,088	—
Yacht Club at Brickell	High Rise	Dec 2003	Miami, FL	1998	357	31,362	32,214	16,715	31,362	48,929	80,291	(17,513	)	62,778	44,219
Yorktown Apartments	High Rise	Dec 1999	Lombard, IL	1971	364	3,055	18,162	52,436	3,055	70,598	73,653	(29,697	)	43,956	38,280
Other (6)					—	5,135	—	20,914	5,135	20,914	26,049	—		26,049	—
Total Real Estate Segment					35,625	1,846,000	3,494,014	3,058,051	1,756,525	6,552,065	8,308,590	(2,585,115	)	5,723,475	3,937,000

(2)

(1)

Initial Cost

Cost Capitalized

December 31, 2018

Apartment

Date

Year

Apartment

Buildings and

Subsequent to

Buildings and

(3)

Accumulated

Total Cost

(4)

Apartment Community Name

Type

Consolidated

Location

Built

Homes

Land

Improvements

Consolidation

Land

Improvements

Total

Depreciation (AD)

Net of AD

Encumbrances

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

(2) Includes costs capitalized since acquisition or date of initial consolidation of the partnership/apartment community.

(3) The aggregate cost of land and depreciable property for federal income tax purposes was approximately $4.0 billion at December 31, 2018.

(4) Encumbrances are presented before reduction for debt issuance costs.

(5) The current carrying value of the apartment community reflects an impairment loss recognized during prior periods.

(6) Other includes land parcels and certain non-residential properties held for future development.