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Assets Held for Sale and Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 2012
Assets Held for Sale and Discontinued Operations [Abstract]  
Amounts classified as held for sale in consolidated balance sheets
                 
    March 31,
2012
    December 31,
2011
 

Real estate, net

  $ 10,390     $ 63,211  

Other assets

    361       2,421  
   

 

 

   

 

 

 

Assets held for sale

  $ 10,751     $ 65,632  
   

 

 

   

 

 

 

Property debt

  $ 11,884     $ 62,864  

Other liabilities

    155       753  
   

 

 

   

 

 

 

Liabilities related to assets held for sale

  $ 12,039     $ 63,617  
   

 

 

   

 

 

 
Components of income from discontinued operations including portions attributable to Aimco and noncontrolling interests
                 
    Three Months Ended
March 31,
 
    2012     2011  

Rental and other property revenues

  $ 2,936     $ 24,496  

Property operating expenses

    (1,672     (12,326

Depreciation and amortization

    (1,095     (7,483

Provision for real estate impairment losses

    (321     (3,855
   

 

 

   

 

 

 

Operating (loss) income

    (152     832  

Interest income

    54       246  

Interest expense

    (483     (4,328
   

 

 

   

 

 

 

Loss before gain on dispositions of real estate and income tax

    (581     (3,250

Gain on dispositions of real estate

    35,692       7,718  

Income tax expense

    (240     (74
   

 

 

   

 

 

 

Income from discontinued operations, net

  $ 34,871     $ 4,394  
   

 

 

   

 

 

 

(Income) loss from discontinued operations attributable to noncontrolling interests in consolidated real estate partnerships

    (7,066     1,272  
   

 

 

   

 

 

 

Income from discontinued operations attributable to the Aimco Operating Partnership

  $ 27,805     $ 5,666  
   

 

 

   

 

 

 

Income from discontinued operations attributable to noncontrolling interests in Aimco Operating Partnership

    (1,828     (381
   

 

 

   

 

 

 

Income from discontinued operations attributable to Aimco

  $ 25,977     $ 5,285