Consolidated Balance Sheets OP - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Buildings and improvements	$ 6,324,857	$ 6,784,965
Land	1,285,710	1,291,429
Total real estate	7,610,567	8,076,394
Accumulated depreciation	(2,245,589)	(2,449,883)
Net real estate	5,364,978	5,626,511
Cash and cash equivalents	91,401	95,797
Restricted cash	26,090	205,608
Investment in unconsolidated real estate partnerships	336,077	41,860
Goodwill	32,286	32,286
Other assets, net	283,920	549,821
Total assets	6,134,752	6,551,883
LIABILITIES AND EQUITY
Non-recourse property debt, net	2,223,791	1,985,430
Term loans, net	473,701	796,713
Revolving credit facility borrowings	115,000	462,000
Unsecured notes payable, net	397,852	397,486
Long term debt	3,210,344	3,641,629
Accrued liabilities and other	296,894	513,805
Total liabilities	3,507,238	4,155,434
Commitments and contingencies
Redeemable preferred units	77,140	77,143
Equity:
Noncontrolling interests in consolidated real estate partnerships	85,973	78,785
Total equity	2,550,374	2,319,306
Total liabilities, preferred noncontrolling interests in AIR Operating Partnership, and equity	6,134,752	6,551,883
Apartment Income REIT, L.P
ASSETS
Buildings and improvements	6,324,857	6,784,965
Land	1,285,710	1,291,429
Total real estate	7,610,567	8,076,394
Accumulated depreciation	(2,245,589)	(2,449,883)
Net real estate	5,364,978	5,626,511
Cash and cash equivalents	91,401	95,797
Restricted cash	26,090	205,608
Investment in unconsolidated real estate partnerships	336,077	41,860
Goodwill	32,286	32,286
Other assets, net	283,920	549,821
Total assets	6,134,752	6,551,883
LIABILITIES AND EQUITY
Non-recourse property debt, net	2,223,791	1,985,430
Term loans, net	473,701	796,713
Revolving credit facility borrowings	115,000	462,000
Unsecured notes payable, net	397,852	397,486
Long term debt	3,210,344	3,641,629
Accrued liabilities and other	296,894	513,805
Total liabilities	3,507,238	4,155,434
Redeemable preferred units	77,140	77,143
Equity:
Preferred units	2,000	2,000
General Partner and Special Limited Partner	2,349,896	2,154,417
Limited Partners	284,451	241,674
Partners’ capital attributable to the AIR Operating Partnership	2,636,347	2,398,091
Noncontrolling interests in consolidated real estate partnerships	(85,973)	(78,785)
Total equity	2,550,374	2,319,306
Total liabilities, preferred noncontrolling interests in AIR Operating Partnership, and equity	$ 6,134,752	$ 6,551,883