Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2020

Real Estate And Accumulated Depreciation Disclosure [Abstract]

Schedule III: Real Estate and Accumulated Depreciation

APARTMENT INCOME REIT CORP.

AIMCO PROPERTIES, L.P.

SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2020

(In Thousands Except Apartment Home Data)

											(2)		As of December 31, 2020
		(1)					Initial Cost				Cost Capitalized								(4)
	Apartment	Date		Year	Apartment				Buildings and		Subsequent to				Buildings and		(3)		Accumulated			Total Cost		(5)
Apartment Community Name	Type	Consolidated	Location	Built	Homes		Land		Improvements		Consolidation		Land		Improvements		Total		Depreciation (AD)			Net of AD		Encumbrances
Same Store Sales:
100 Forest Place	High Rise	Dec 1997	Oak Park, IL	1987		234	$	2,664	$	18,815	$	10,235	$	2,664	$	29,050	$	31,714	$	(16,704	)	$	15,010	$	33,832
182-188 Columbus Avenue	Mid Rise	Feb 2007	New York, NY	1910		32		19,123		3,300		5,629		19,123		8,929		28,052		(4,993	)		23,059		13,336
1582 First Avenue	High Rise	Mar 2005	New York, NY	1900		17		4,281		752		548		4,281		1,300		5,581		(719	)		4,862		2,177
21 Fitzsimons	Mid Rise	Aug 2014	Aurora, CO	2008		600		12,864		104,720		31,377		12,864		136,097		148,961		(33,121	)		115,840		87,612
234 East 88th Street	Mid Rise	Jan 2014	New York, NY	1900		20		2,448		4,449		841		2,448		5,290		7,738		(1,661	)		6,077		—
306 East 89th Street	High Rise	Jul 2004	New York, NY	1930		20		2,680		1,006		1,105		2,680		2,111		4,791		(1,153	)		3,638		1,776
311 & 313 East 73rd Street	Mid Rise	Mar 2003	New York, NY	1904		34		5,678		1,609		604		5,678		2,213		7,891		(1,721	)		6,170		—
322-324 East 61st Street	High Rise	Mar 2005	New York, NY	1900		40		6,372		2,224		1,477		6,372		3,701		10,073		(2,054	)		8,019		3,266
3400 Avenue of the Arts	Mid Rise	Mar 2002	Costa Mesa, CA	1987		770		57,241		65,506		90,493		57,241		155,999		213,240		(96,067	)		117,173		139,094
452 East 78th Street	High Rise	Jan 2004	New York, NY	1900		12		1,982		608		538		1,982		1,146		3,128		(534	)		2,594		—
464-466 Amsterdam & 200-210    W. 83rd Street	Mid Rise	Feb 2007	New York, NY	1910		71		25,553		7,101		11,476		25,553		18,577		44,130		(6,681	)		37,449		19,653
510 East 88th Street	High Rise	Jan 2004	New York, NY	1900		20		3,163		1,002		642		3,163		1,644		4,807		(788	)		4,019		—
514-516 East 88th Street	High Rise	Mar 2005	New York, NY	1900		36		6,282		2,168		1,565		6,282		3,733		10,015		(2,033	)		7,982		3,540
518 East 88th Street	Mid Rise	Jan 2014	New York, NY	1900		20		2,233		4,315		630		2,233		4,945		7,178		(1,592	)		5,586		—
777 South Broad Street	Mid Rise	May 2018	Philadelphia, PA	2010		146		6,986		67,512		3,317		6,986		70,829		77,815		(6,896	)		70,919		55,496
Avery Row	Mid Rise	Dec 2018	Arlington, VA	2013		67		8,165		21,348		2,097		8,165		23,445		31,610		(1,980	)		29,630		—
Axiom	Mid Rise	Apr 2015	Cambridge, MA	2015		115		—		63,612		2,883		—		66,495		66,495		(14,037	)		52,458		31,501
Bay Parc Plaza	High Rise	Sep 2004	Miami, FL	2000		474		22,680		41,847		41,403		22,680		83,250		105,930		(29,744	)		76,186		75,046
Bay Ridge at Nashua	Garden	Jan 2003	Nashua, NH	1984		412		3,262		40,713		16,929		3,262		57,642		60,904		(29,360	)		31,544		49,717
Bayberry Hill Estates	Garden	Aug 2002	Framingham, MA	1971		424		19,944		35,945		25,376		19,944		61,321		81,265		(33,451	)		47,814		43,393
Bent Tree Apartments	Garden	Feb 2018	Centreville, VA	1986		748		46,975		113,695		30,349		46,975		144,044		191,019		(16,284	)		174,735		59,777
Boston Lofts	High Rise	Apr 2001	Denver, CO	1890		158		3,446		20,589		6,501		3,446		27,090		30,536		(15,054	)		15,482		—
Boulder Creek	Garden	Jul 1994	Boulder, CO	1973		221		754		7,730		19,320		754		27,050		27,804		(20,010	)		7,794		37,194
Broadcast Center	Garden	Mar 2002	Los Angeles, CA	1990		279		29,407		41,244		32,598		29,407		73,842		103,249		(34,493	)		68,756		94,978
Broadway Lofts	High Rise	Sep 2012	San Diego, CA	1909		84		5,367		14,442		8,187		5,367		22,629		27,996		(7,543	)		20,453		11,056
Burke Shire Commons	Garden	Mar 2001	Burke, VA	1986		360		4,867		23,617		18,810		4,867		42,427		47,294		(28,554	)		18,740		55,809
Calhoun Beach Club	High Rise	Dec 1998	Minneapolis, MN	1928		332		11,708		73,334		63,689		11,708		137,023		148,731		(87,464	)		61,267		—
Canyon Terrace	Garden	Mar 2002	Saugus, CA	1984		130		7,508		6,601		6,592		7,508		13,193		20,701		(7,961	)		12,740		—
Charlesbank Apartment Homes	Mid Rise	Sep 2013	Watertown, MA	2012		44		3,399		11,726		1,115		3,399		12,841		16,240		(3,463	)		12,777		—
Chestnut Hall	High Rise	Oct 2006	Philadelphia, PA	1923		315		12,338		14,299		14,513		12,338		28,812		41,150		(13,748	)		27,402		34,985
Columbus Avenue	Mid Rise	Sep 2003	New York, NY	1880		59		35,527		9,450		9,155		35,527		18,605		54,132		(13,318	)		40,814		23,986
Creekside	Garden	Jan 2000	Denver, CO	1974		328		3,189		12,698		7,328		3,189		20,026		23,215		(14,096	)		9,119		10,792
Crescent at West Hollywood, The	Mid Rise	Mar 2002	West Hollywood, CA	1985		130		15,765		10,215		8,683		15,765		18,898		34,663		(13,024	)		21,639		38,643
Flamingo Point, Center Tower	High Rise	Sep 1997	Miami Beach, FL	2003		513		15,179		29,358		203,209		15,179		232,567		247,746		(107,729	)		140,017		—
Flamingo Point, South Tower	High Rise	Sep 1997	Miami Beach, FL	1960		222		—		—		74,578		—		74,578		74,578		(12,504	)		62,074		—
Four Quarters Habitat	Garden	Jan 2006	Miami, FL	1976		336		2,379		17,199		34,208		2,379		51,407		53,786		(34,722	)		19,064		49,792
Foxchase	Garden	Dec 1997	Alexandria, VA	1940		2,113		15,496		96,062		63,632		15,496		159,694		175,190		(94,709	)		80,481		—
Georgetown	Garden	Aug 2002	Framingham, MA	1964		207		12,351		13,168		5,068		12,351		18,236		30,587		(9,270	)		21,317		—
Georgetown II	Mid Rise	Aug 2002	Framingham, MA	1958		72		4,577		4,057		2,145		4,577		6,202		10,779		(4,032	)		6,747		—
Heritage Park Escondido	Garden	Oct 2000	Escondido, CA	1986		196		1,055		7,565		3,988		1,055		11,553		12,608		(7,576	)		5,032		5,590
Heritage Park Livermore	Garden	Oct 2000	Livermore, CA	1988		167		—		10,209		2,157		—		12,366		12,366		(8,893	)		3,473		5,810
Heritage Village Anaheim	Garden	Oct 2000	Anaheim, CA	1986		196		1,832		8,541		3,393		1,832		11,934		13,766		(7,768	)		5,998		6,788
Hidden Cove	Garden	Jul 1998	Escondido, CA	1983		334		3,043		17,616		10,456		3,043		28,072		31,115		(17,083	)		14,032		64,757
Hidden Cove II	Garden	Jul 2007	Escondido, CA	1986		118		12,849		6,530		5,071		12,849		11,601		24,450		(6,061	)		18,389		25,183
Hillcreste	Garden	Mar 2002	Century City, CA	1989		315		35,862		47,216		15,897		35,862		63,113		98,975		(31,011	)		67,964		60,310
Horizons West Apartments	Mid Rise	Dec 2006	Pacifica, CA	1970		78		8,887		6,377		3,562		8,887		9,939		18,826		(4,666	)		14,160		—
Hunt Club	Garden	Sep 2000	Gaithersburg, MD	1986		336		17,859		13,149		12,592		17,859		25,741		43,600		(16,198	)		27,402		—
Indian Oaks	Garden	Mar 2002	Simi Valley, CA	1986		254		24,523		15,801		11,439		24,523		27,240		51,763		(15,790	)		35,973		58,955
Indigo	High Rise	Aug 2016	Redwood City, CA	2016		463		26,932		296,116		5,569		26,932		301,685		328,617		(46,343	)		282,274		182,161
Island Club	Garden	Oct 2000	Oceanside, CA	1986		592		18,027		28,654		20,499		18,027		49,153		67,180		(32,779	)		34,401		91,631
Latrobe	High Rise	Jan 2003	Washington, D.C.	1980		175		3,459		9,103		13,196		3,459		22,299		25,758		(14,426	)		11,332		25,462
Laurel Crossing	Garden	Jan 2006	San Mateo, CA	1971		418		49,474		17,756		15,114		49,474		32,870		82,344		(17,785	)		64,559		102,565
Lincoln Place (6)	Garden	Oct 2004	Venice, CA	1951		795		128,332		10,439		341,037		44,197		351,476		395,673		(156,957	)		238,716		180,859
Locust on the Park	High Rise	May 2018	Philadelphia, PA	1911		152		5,292		53,823		5,801		5,292		59,624		64,916		(5,982	)		58,934		35,000
Malibu Canyon	Garden	Mar 2002	Calabasas, CA	1986		698		69,834		53,438		39,822		69,834		93,260		163,094		(54,343	)		108,751		158,950

											(2)		As of December 31, 2020
		(1)					Initial Cost				Cost Capitalized								(4)
	Apartment	Date		Year	Apartment				Buildings and		Subsequent to				Buildings and		(3)		Accumulated			Total Cost		(5)
Apartment Community Name	Type	Consolidated	Location	Built	Homes		Land		Improvements		Consolidation		Land		Improvements		Total		Depreciation (AD)			Net of AD		Encumbrances
Mariners Cove	Garden	Mar 2002	San Diego, CA	1984		500	$	—	$	66,861	$	16,354	$	—	$	83,215	$	83,215	$	(44,288	)	$	38,927	$	—
Meadow Creek	Garden	Jul 1994	Boulder, CO	1968		332		1,435		24,533		9,575		1,435		34,108		35,543		(22,157	)		13,386		—
Merrill House	High Rise	Jan 2000	Falls Church, VA	1964		159		1,836		10,831		8,319		1,836		19,150		20,986		(11,359	)		9,627		—
Mezzo	High Rise	Mar 2015	Atlanta, GA	2008		94		4,292		34,178		2,171		4,292		36,349		40,641		(8,419	)		32,222		—
Monterey Grove	Garden	Jun 2008	San Jose, CA	1999		224		34,325		21,939		16,440		34,325		38,379		72,704		(14,771	)		57,933		48,698
Ocean House on Prospect	Mid Rise	Apr 2013	La Jolla, CA	1970		53		12,528		18,805		16,070		12,528		34,875		47,403		(10,586	)		36,817		—
One Ardmore	Mid Rise	Apr 2019	Ardmore, PA	2019		110		4,929		61,631		1,865		4,929		63,496		68,425		(3,911	)		64,514		30,448
One Canal	High Rise	Sep 2013	Boston, MA	2016		310		—		15,873		182,092		—		197,965		197,965		(37,688	)		160,277		106,576
Pacific Bay Vistas (6)	Garden	Mar 2001	San Bruno, CA	1987		308		28,694		62,460		40,897		23,354		103,357		126,711		(42,650	)		84,061		102,554
Pacifica Park	Garden	Jul 2006	Pacifica, CA	1977		104		12,970		6,579		8,688		12,970		15,267		28,237		(8,272	)		19,965		37,264
Palazzo at Park La Brea, The	Mid Rise	Feb 2004	Los Angeles, CA	2002		521		48,362		125,464		51,848		48,362		177,312		225,674		(95,304	)		130,370		216,916
Palazzo East at Park La Brea, The	Mid Rise	Mar 2005	Los Angeles, CA	2005		611		72,578		136,503		31,959		72,578		168,462		241,040		(87,863	)		153,177		187,917
Park Towne Place	High Rise	Apr 2000	Philadelphia, PA	1959		940		10,472		47,301		354,675		10,472		401,976		412,448		(185,618	)		226,830		193,163
Peachtree Park	Garden	Jan 1996	Atlanta, GA	1969		303		4,684		11,713		14,067		4,684		25,780		30,464		(17,572	)		12,892		26,813
Preserve at Marin	Mid Rise	Aug 2011	Corte Madera, CA	1964		126		13,516		30,132		83,001		13,516		113,133		126,649		(37,040	)		89,609		34,603
Riverloft	High Rise	Oct 1999	Philadelphia, PA	1910		184		2,120		11,286		38,205		2,120		49,491		51,611		(28,035	)		23,576		—
Rosewood	Garden	Mar 2002	Camarillo, CA	1976		152		12,430		8,060		6,265		12,430		14,325		26,755		(8,102	)		18,653		30,452
Royal Crest Estates	Garden	Aug 2002	North Andover, MA	1970		588		51,292		36,808		27,537		51,292		64,345		115,637		(38,311	)		77,326		79,730
Saybrook Pointe	Garden	Dec 2014	San Jose, CA	1995		324		32,842		84,457		26,088		32,842		110,545		143,387		(23,844	)		119,543		107,347
Shenandoah Crossing	Garden	Sep 2000	Fairfax, VA	1984		640		18,200		57,198		23,189		18,200		80,387		98,587		(63,435	)		35,152		—
SouthStar Lofts	High Rise	May 2018	Philadelphia, PA	2014		85		1,780		37,428		901		1,780		38,329		40,109		(3,706	)		36,403		29,028
Springwoods at Lake Ridge	Garden	Jul 2002	Woodbridge, VA	1984		180		5,587		7,284		2,782		5,587		10,066		15,653		(4,462	)		11,191		—
Sterling Apartment Homes, The	Garden	Oct 1999	Philadelphia, PA	1961		534		8,871		55,365		117,915		8,871		173,280		182,151		(100,897	)		81,254		138,021
Stonecreek Club	Garden	Sep 2000	Germantown, MD	1984		240		13,593		9,347		6,520		13,593		15,867		29,460		(11,595	)		17,865		—
The Left Bank	Mid Rise	May 2018	Philadelphia, PA	1929		282		—		130,893		19,781		—		150,674		150,674		(14,018	)		136,656		78,925
Township At Highlands	Town Home	Nov 1996	Centennial, CO	1985		161		1,536		9,773		13,101		1,536		22,874		24,410		(13,967	)		10,443		—
Tremont	Mid Rise	Dec 2014	Atlanta, GA	2009		78		5,274		18,011		3,270		5,274		21,281		26,555		(4,974	)		21,581		—
Vantage Pointe	Mid Rise	Aug 2002	Swampscott, MA	1987		96		4,748		10,089		2,559		4,748		12,648		17,396		(6,020	)		11,376		—
Villa Del Sol	Garden	Mar 2002	Norwalk, CA	1972		120		7,476		4,861		5,423		7,476		10,284		17,760		(6,332	)		11,428		—
Villas at Park La Brea, The	Garden	Mar 2002	Los Angeles, CA	2002		250		8,630		48,871		20,720		8,630		69,591		78,221		(37,027	)		41,194		48,156
Villas of Pasadena	Mid Rise	Jan 2006	Pasadena, CA	1973		92		9,693		6,818		4,975		9,693		11,793		21,486		(5,990	)		15,496		20,500
Vivo	High Rise	Jun 2016	Cambridge, MA	2015		91		6,450		35,974		6,054		6,450		42,028		48,478		(14,322	)		34,156		19,297
Waterways Village	Garden	Jun 1997	Aventura, FL	1994		180		4,504		11,064		16,798		4,504		27,862		32,366		(15,034	)		17,332		—
Waverly Apartments	Garden	Aug 2008	Brighton, MA	1970		103		7,920		11,347		6,860		7,920		18,207		26,127		(8,447	)		17,680		—
Windrift	Garden	Mar 2001	Oceanside, CA	1987		404		24,960		17,590		21,022		24,960		38,612		63,572		(27,153	)		36,419		71,199
Windsor Park	Garden	Mar 2001	Woodbridge, VA	1987		220		4,279		15,970		5,437		4,279		21,407		25,686		(14,071	)		11,615		—
Total Same Store Sales						25,201	$	1,333,899	$	2,913,666	$	2,581,861	$	1,244,424	$	5,495,527	$	6,739,951	$	(2,344,168	)	$	4,395,783	$	3,588,079
Other Real Estate:
236-238 East 88th Street	High Rise	Jan 2004	New York, NY	1900		42	$	8,820	$	2,914	$	12,311	$	8,820	$	15,225	$	24,045	$	(2,195	)	$	21,850	$	—
240 West 73rd Street (6)	High Rise	Sep 2004	New York, NY	1900		200		68,109		12,140		17,138		20,828		29,278		50,106		(10,568	)		39,538		—
707 Leahy	Garden	Apr 2007	Redwood City, CA	1973		110		15,444		7,909		35,135		15,444		43,044		58,488		(7,630	)		50,858		—
Eldridge Townhomes	Town Home	Sep 2017	Elmhurst, IL	2018		58		3,105		—		30,998		3,105		30,998		34,103		(614	)		33,489		—
Flamingo Point, North Tower	High Rise	Sep 1997	Miami Beach, FL	1960		366		17,248		19,450		217,222		17,248		236,672		253,920		(82,561	)		171,359		—
Fremont	Mid Rise	Sep 2018	Denver, CO	2020		253		1,830		—		89,196		1,830		89,196		91,026		(1,215	)		89,811		—
Parc Mosaic	Garden	Dec 2014	Boulder, CO	1970		226		15,300		—		109,626		15,300		109,626		124,926		(6,554	)		118,372		58,014
Other (7)						136		14,616		—		77,683		14,616		77,683		92,299		—			92,299		—
Total Other Real Estate						1,391	$	144,472	$	42,413	$	589,309	$	97,191	$	631,722	$	728,913	$	(111,337	)	$	617,576	$	58,014
Total Portfolio						26,592	$	1,478,371	$	2,956,079	$	3,171,170	$	1,341,615	$	6,127,249	$	7,468,864	$	(2,455,505	)	$	5,013,359	$	3,646,093

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

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

(3) The aggregate cost of land and depreciable property for federal income tax purposes was approximately $4.0 billion as of December 31, 2020.

(4) Depreciable life for buildings and improvements ranges from 5 to 30 years and is calculated on a straight-line basis.

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

(6) The current carrying value of the apartment community reflects an impairment loss recognized.

(7) Other includes apartment communities under development, land parcels, and certain non-residential properties held for future development.

APARTMENT INCOME REIT CORP.

AIMCO PROPERTIES, L.P.

SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION

For the Years Ended December 31, 2020, 2019, and 2018

(In Thousands)

	2020			2019			2018
Total real estate balance at beginning of year	$	7,351,979		$	7,338,906		$	7,488,019
Additions during the year:
Acquisitions		6,062			81,344			501,009
Capital additions		329,156			368,133			310,452
Dispositions and other		(218,333	)		(436,404	)		(960,574	)
Total real estate balance at end of year	$	7,468,864		$	7,351,979		$	7,338,906
Accumulated depreciation balance at beginning of year	$	2,268,839		$	2,228,533		$	2,504,193
Depreciation		310,400			308,905			320,664
Dispositions and other		(123,734	)		(268,599	)		(596,324	)
Accumulated depreciation balance at end of year	$	2,455,505		$	2,268,839		$	2,228,533