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Condensed Consolidated Statements of Cash Flows OP - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (4,278) $ (9,948)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 79,754 95,666
Loss on extinguishment of debt 0 2,008
Income tax expense 319 139
Other, net 13,784 5,955
Net changes in operating assets and operating liabilities (12,676) (4,926)
Net cash provided by operating activities 76,903 88,894
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate (90,497) (180,673)
Capital expenditures (19,682) (34,278)
Other investing activities, net (3,207) 23,689
Net cash used in investing activities (113,386) (191,262)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 0 320,000
Principal repayments of non-recourse property debt (7,179) (96,294)
Net borrowings on (repayments of) revolving credit facility 145,000 (217,000)
Repurchases of common partnership units held by General Partner and Special Limited Partner (24,595) 0
Redemption of preferred units and other (3,793) (10,529)
Other financing activities, net (10,599) (13,007)
Net cash provided by (used in) financing activities 33,729 (83,951)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (2,754) (186,319)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 117,491 301,405
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 114,737 115,086
Apartment Income REIT, L.P.    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) (4,278) (9,948)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 79,754 95,666
Loss on extinguishment of debt 0 2,008
Income tax expense 319 139
Other, net 13,784 5,955
Net changes in operating assets and operating liabilities (12,676) (4,926)
Net cash provided by operating activities 76,903 88,894
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate (90,497) (180,673)
Capital expenditures (19,682) (34,278)
Other investing activities, net (3,207) 23,689
Net cash used in investing activities (113,386) (191,262)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 0 320,000
Principal repayments of non-recourse property debt (7,179) (96,294)
Net borrowings on (repayments of) revolving credit facility 145,000 (217,000)
Repurchases of common partnership units held by General Partner and Special Limited Partner (24,595) 0
Payment of distributions to General Partner and Special Limited Partner (65,105) (67,121)
Redemption of preferred units and other (3,793) (10,529)
Other financing activities, net (10,599) (13,007)
Net cash provided by (used in) financing activities 33,729 (83,951)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (2,754) (186,319)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 117,491 301,405
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 114,737 $ 115,086