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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Summary of discontinued operations

Summarized results of discontinued operations for the year ended December 31, 2020 are shown below (in thousands):

 

2020

 

REVENUES

 

 

Rental and other property revenues

$

144,757

 

 

 

 

OPERATING EXPENSES

 

 

Property operating expenses

 

51,710

 

Depreciation and amortization

 

72,729

 

Other expenses, net

 

1,897

 

Total operating expenses

 

126,336

 

 

 

 

Interest income

 

2,076

 

Interest expense

 

(17,972

)

Income from unconsolidated real estate partnerships

 

764

 

Income before income tax benefit

 

3,289

 

Income tax benefit

 

7,939

 

Income from discontinued operations, net of tax

 

11,228

 

Net loss attributable to noncontrolling interests in consolidated real estate partnerships

 

404

 

Net income from discontinued operations attributable to Aimco

$

11,632