Partners' Capital (Tables)

12 Months Ended

Dec. 31, 2023

Partners' Capital [Abstract]

Classes of Preferred OP Units

As of December 31, 2023 and 2022, the AIR Operating Partnership had the following classes of preferred OP Units (stated at their redemption values, in thousands, except unit and per unit data):

	Distributions per Annum				Units Issued and  Outstanding		Redemption Values
Class of Preferred Units	Percent		Per Unit		2023	2022	2023		2022
Class One	8.75	%	$	8.00	90,000	90,000	$	8,229	$	8,229
Class Two	1.92	%	$	0.48	5,368	5,418	132		135
Class Three	7.88	%	$	1.97	1,310,902	1,310,902	32,772		32,772
Class Four	8.00	%	$	2.00	644,954	644,954	16,124		16,124
Class Six	8.50	%	$	2.13	769,585	769,585	19,240		19,240
Class Seven	7.87	%	$	1.97	25,715	25,715	643		643
Total					2,846,524	2,846,574	$	77,140	$	77,143

Reconciliation of Preferred OP Units

The following table presents a rollforward of the AIR Operating Partnership’s preferred OP Units’ redemption value (in thousands):

Balance at January 1, 2023	$	77,143
Preferred distributions	(6,280)
Redemption of preferred units and other	(3)
Net income allocated to preferred units	6,280
Balance at December 31, 2023	$	77,140