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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2024
Accounting Policies [Abstract]  
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, 2024
$77,140 
Preferred distributions(1,570)
Net income allocated to preferred units1,570 
Balance at March 31, 2024
$77,140