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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (9,350) $ 613,043
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 184,926 163,205
Loss (gain) on dispositions and impairments of real estate 17,472 (587,609)
Loss on extinguishment of debt 2,008 23,636
Income tax expense 1,316 920
Other, net 624 2,939
Net changes in operating assets and operating liabilities (14,334) (14,638)
Net cash provided by operating activities 182,662 201,496
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate (182,459) (472,317)
Capital expenditures (89,388) (90,599)
Proceeds from dispositions of real estate 33,633 759,344
Proceeds from repayment of note receivable 0 387,088
Other investing activities, net 9,804 (8,849)
Net cash (used in) provided by investing activities (228,410) 574,667
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal repayments on non-recourse property debt (103,964) (353,770)
Proceeds from non-recourse property debt 320,000 0
Repayment of term loan 0 (350,000)
Net (repayments of) borrowings on revolving credit facility (170,000) (154,795)
Proceeds from the issuance of unsecured notes payable 0 400,000
Repurchases of Common Stock 0 (125,000)
Payment of dividends to holders of Common Stock (134,135) (141,104)
Payment of distributions to common noncontrolling interests (14,159) (16,306)
Redemptions of noncontrolling interests in the AIR Operating Partnership (15,814) (4,269)
Other financing activities, net (7,672) (22,789)
Net cash used in financing activities (125,744) (768,033)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (171,492) 8,130
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 301,405 92,761
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 129,913 100,891
Apartment Income REIT, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income (9,350) 613,043
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 184,926 163,205
Loss (gain) on dispositions and impairments of real estate 17,472 (587,609)
Loss on extinguishment of debt 2,008 23,636
Income tax expense 1,316 920
Other, net 624 2,939
Net changes in operating assets and operating liabilities (14,334) (14,638)
Net cash provided by operating activities 182,662 201,496
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate (182,459) (472,317)
Capital expenditures (89,388) (90,599)
Proceeds from dispositions of real estate 33,633 759,344
Proceeds from repayment of note receivable 0 387,088
Other investing activities, net 9,804 (8,849)
Net cash (used in) provided by investing activities (228,410) 574,667
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal repayments on non-recourse property debt (103,964) (353,770)
Proceeds from non-recourse property debt 320,000 0
Repayment of term loan 0 (350,000)
Net (repayments of) borrowings on revolving credit facility (170,000) (154,795)
Proceeds from the issuance of unsecured notes payable 0 400,000
Repurchases of Common Stock 0 (125,000)
Payment of distributions to General Partner and Special Limited Partner (134,135) (141,104)
Payment of distributions to Limited Partners (9,103) (8,970)
Payment of distributions to common noncontrolling interests (5,056) (7,336)
Redemptions of noncontrolling interests in the AIR Operating Partnership (15,814) (4,269)
Other financing activities, net (7,672) (22,789)
Net cash used in financing activities (125,744) (768,033)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (171,492) 8,130
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 301,405 92,761
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 129,913 $ 100,891