Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
ASSETS
Buildings and improvements	$ 6,290,960	$ 6,784,965
Land	1,285,398	1,291,429
Total real estate	7,576,358	8,076,394
Accumulated depreciation	(2,173,273)	(2,449,883)
Net real estate	5,403,085	5,626,511
Cash and cash equivalents	106,630	95,797
Restricted cash	27,540	205,608
Goodwill	32,286	32,286
Investment in unconsolidated real estate partnerships	352,096	41,860
Other assets, net	477,612	549,821
Total assets	6,399,249	6,551,883
LIABILITIES AND EQUITY
Non-recourse property debt, net	2,231,238	1,985,430
Term loans, net	473,486	796,713
Revolving credit facility borrowings	25,750	462,000
Unsecured notes payable, net	397,760	397,486
Total indebtedness	3,128,234	3,641,629
Accrued liabilities and other	483,147	513,805
Total liabilities	3,611,381	4,155,434
Commitments and Contingencies
Preferred noncontrolling interests in AIR Operating Partnership	77,140	77,143
Equity:
Perpetual Preferred Stock	2,000	2,000
Common Stock, $0.01 par value, 1,021,175,000 shares authorized at September 30, 2023 and December 31, 2022, and 146,973,055 and 149,086,548 shares issued/outstanding at September 30, 2023 and December 31, 2022, respectively	1,470	1,491
Additional paid-in capital	3,355,316	3,436,635
Accumulated other comprehensive income	24,794	43,562
Distributions in excess of earnings	(876,116)	(1,327,271)
Total AIR equity	2,507,464	2,156,417
Noncontrolling interests in consolidated real estate partnerships	(83,110)	(78,785)
Common noncontrolling interests in AIR Operating Partnership	286,374	241,674
Total equity	2,710,728	2,319,306
Total liabilities and equity	6,399,249	6,551,883
Apartment Income REIT, L.P.
ASSETS
Buildings and improvements	6,290,960	6,784,965
Land	1,285,398	1,291,429
Total real estate	7,576,358	8,076,394
Accumulated depreciation	(2,173,273)	(2,449,883)
Net real estate	5,403,085	5,626,511
Cash and cash equivalents	106,630	95,797
Restricted cash	27,540	205,608
Goodwill	32,286	32,286
Investment in unconsolidated real estate partnerships	352,096	41,860
Other assets, net	477,612	549,821
Total assets	6,399,249	6,551,883
LIABILITIES AND EQUITY
Non-recourse property debt, net	2,231,238	1,985,430
Term loans, net	473,486	796,713
Revolving credit facility borrowings	25,750	462,000
Unsecured notes payable, net	397,760	397,486
Total indebtedness	3,128,234	3,641,629
Accrued liabilities and other	483,147	513,805
Total liabilities	3,611,381	4,155,434
Commitments and Contingencies
Preferred noncontrolling interests in AIR Operating Partnership	77,140	77,143
Equity:
Preferred units	2,000	2,000
General Partner and Special Limited Partner	2,505,464	2,154,417
Limited Partners	286,374	241,674
Partners’ capital attributable to the AIR Operating Partnership	2,793,838	2,398,091
Noncontrolling interests in consolidated real estate partnerships	(83,110)	(78,785)
Total equity	2,710,728	2,319,306
Total liabilities and equity	$ 6,399,249	$ 6,551,883