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<!--Based on XBRL 2.1-->
<!--Modified on: 2/24/2011 7:32:54 PM-->
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StatementOfFinancialPositionAbstract" xml:lang="en-US">Consolidated Balance Sheets [Abstract]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_LiabilitiesAndStockholdersEquityAbstract" xml:lang="en-US">Liabilities and Stockholders' Equity [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_LiabilitiesAndStockholdersEquityAbstract" xml:lang="en-US">LIABILITIES AND EQUITY</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AssetsAbstract" xml:lang="en-US">Assets [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_AssetsAbstract" xml:lang="en-US">ASSETS</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="lab_Assets" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_Assets" xml:lang="en-US">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_Assets" xml:lang="en-US">Total assets</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xlink:label="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xlink:to="lab_AssetsOfDisposalGroupIncludingDiscontinuedOperation" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xml:lang="en-US">Assets of Disposal Group, Including Discontinued Operation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_AssetsOfDisposalGroupIncludingDiscontinuedOperation" xml:lang="en-US">Assets held for sale</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_OtherAssets" xlink:label="us-gaap_OtherAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssets" xlink:to="lab_OtherAssets" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_OtherAssets" xml:lang="en-US">Other Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_OtherAssets" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNet" xlink:to="lab_DeferredTaxAssetsNet" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DeferredTaxAssetsNet" xml:lang="en-US">Deferred Tax Assets, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_DeferredTaxAssetsNet" xml:lang="en-US">Deferred Tax Assets, Net, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_DeferredTaxAssetsNet" xml:lang="en-US">Deferred income tax assets, net</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="us-gaap_NotesReceivableNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesReceivableNet" xlink:to="lab_NotesReceivableNet" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NotesReceivableNet" xml:lang="en-US">Notes, Loans and Financing Receivable, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_NotesReceivableNet" xml:lang="en-US">Notes, Loans and Financing Receivable, Net, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_NotesReceivableNet" xml:lang="en-US">Notes receivable from non-affiliates, net</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="us-gaap_DeferredFinanceCostsNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="lab_DeferredFinanceCostsNet" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DeferredFinanceCostsNet" xml:lang="en-US">Deferred Finance Costs, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_DeferredFinanceCostsNet" xml:lang="en-US">Deferred Finance Costs, Net, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_DeferredFinanceCostsNet" xml:lang="en-US">Deferred financing costs, net</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RestrictedCashAndCashEquivalents" xlink:label="us-gaap_RestrictedCashAndCashEquivalents" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalents" xlink:to="lab_RestrictedCashAndCashEquivalents" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_RestrictedCashAndCashEquivalents" xml:lang="en-US">Restricted cash ($55,186 and $56,179 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RestrictedCashAndCashEquivalents" xml:lang="en-US">Restricted Cash and Cash Equivalents</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="lab_CashAndCashEquivalentsAtCarryingValue" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and cash equivalents ($34,808 and $23,366 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">CASH AND CASH EQUIVALENTS AT END OF YEAR</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_CashAndCashEquivalentsAtCarryingValue" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value, Total</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:label="us-gaap_RealEstateInvestmentPropertyNetAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNetAbstract" xlink:to="lab_RealEstateInvestmentPropertyNetAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RealEstateInvestmentPropertyNetAbstract" xml:lang="en-US">Real Estate Investment Property, Net [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_RealEstateInvestmentPropertyNetAbstract" xml:lang="en-US">Real estate:</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RealEstateInvestmentPropertyNet" xlink:label="us-gaap_RealEstateInvestmentPropertyNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentPropertyNet" xlink:to="lab_RealEstateInvestmentPropertyNet" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_RealEstateInvestmentPropertyNet" xml:lang="en-US">Net real estate ($867,053 and $850,398 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RealEstateInvestmentPropertyNet" xml:lang="en-US">Real Estate Investment Property, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_RealEstateInvestmentPropertyNet" xml:lang="en-US">Real Estate Investment Property, Net, Total</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RealEstateInvestmentPropertyAccumulatedDepreciation" xml:lang="en-US">Real Estate Investment Property, Accumulated Depreciation</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negatedTotal" xlink:label="lab_RealEstateInvestmentPropertyAccumulatedDepreciation" xml:lang="en-US">Less accumulated depreciation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_RealEstateInvestmentPropertyAccumulatedDepreciation" xml:lang="en-US">Less accumulated depreciation</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RealEstateInvestmentPropertyAtCost" xlink:label="us-gaap_RealEstateInvestmentPropertyAtCost" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RealEstateInvestmentPropertyAtCost" xml:lang="en-US">Real Estate Investment Property, at Cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_RealEstateInvestmentPropertyAtCost" xml:lang="en-US">Real Estate Investment Property, at Cost, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_RealEstateInvestmentPropertyAtCost" xml:lang="en-US">Total real estate</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_Land" xlink:label="us-gaap_Land" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_Land" xml:lang="en-US">Land</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_Land" xml:lang="en-US">Land</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_InvestmentBuildingAndBuildingImprovements" xlink:label="us-gaap_InvestmentBuildingAndBuildingImprovements" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_InvestmentBuildingAndBuildingImprovements" xml:lang="en-US">Investment Building and Building Improvements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_InvestmentBuildingAndBuildingImprovements" xml:lang="en-US">Investment Building and Building Improvements, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_InvestmentBuildingAndBuildingImprovements" xml:lang="en-US">Buildings and improvements</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xml:lang="en-US">Equity:</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="lab_LiabilitiesAndStockholdersEquity" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_LiabilitiesAndStockholdersEquity" xml:lang="en-US">Liabilities and Stockholders' Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_LiabilitiesAndStockholdersEquity" xml:lang="en-US">Total liabilities and equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_LiabilitiesAndStockholdersEquity" xml:lang="en-US">Total liabilities and equity</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US">Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US">Ending balances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US">Beginning balances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest" xml:lang="en-US">Total equity</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="lab_StockholdersEquity" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockholdersEquity" xml:lang="en-US">Stockholders' Equity Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_StockholdersEquity" xml:lang="en-US">Stockholders' Equity Attributable to Parent, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_StockholdersEquity" xml:lang="en-US">Stockholders' Equity Attributable to Parent, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_StockholdersEquity" xml:lang="en-US">Total Aimco equity</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ReceivableFromOfficersAndDirectorsForIssuanceOfCapitalStock" xlink:label="us-gaap_ReceivableFromOfficersAndDirectorsForIssuanceOfCapitalStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ReceivableFromOfficersAndDirectorsForIssuanceOfCapitalStock" xlink:to="lab_ReceivableFromOfficersAndDirectorsForIssuanceOfCapitalStock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ReceivableFromOfficersAndDirectorsForIssuanceOfCapitalStock" xml:lang="en-US">Notes due on common stock purchases</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_ReceivableFromOfficersAndDirectorsForIssuanceOfCapitalStock" xml:lang="en-US">Notes due on common stock purchases</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="lab_AccumulatedOtherComprehensiveIncomeLossNetOfTax" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Accumulated Other Comprehensive Income (Loss), Net of Tax, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xml:lang="en-US">Accumulated other comprehensive loss</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="lab_AdditionalPaidInCapital" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AdditionalPaidInCapital" xml:lang="en-US">Additional Paid in Capital</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_AdditionalPaidInCapital" xml:lang="en-US">Additional Paid in Capital, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_AdditionalPaidInCapital" xml:lang="en-US">Additional Paid in Capital, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_AdditionalPaidInCapital" xml:lang="en-US">Additional Paid in Capital, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_AdditionalPaidInCapital" xml:lang="en-US">Additional paid-in capital</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="lab_CommonStockValue" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CommonStockValue" xml:lang="en-US">Common Stock, Value, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_CommonStockValue" xml:lang="en-US">Common Stock, Value, Issued, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_CommonStockValue" xml:lang="en-US">Common Stock, Value, Issued, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_CommonStockValue" xml:lang="en-US">Common Stock, Value, Issued, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CommonStockValue" xml:lang="en-US">Class A Common Stock, $0.01 par value, 422,157,736 and 426,157,736 shares authorized, 117,642,872 and 116,479,791 shares issued and outstanding, at December 31, 2010 and 2009, respectively</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="lab_PreferredStockValue" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PreferredStockValue" xml:lang="en-US">Preferred Stock, Value, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_PreferredStockValue" xml:lang="en-US">Preferred Stock, Value, Issued, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_PreferredStockValue" xml:lang="en-US">Preferred Stock, Value, Issued, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_PreferredStockValue" xml:lang="en-US">Preferred Stock, Value, Issued, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_PreferredStockValue" xml:lang="en-US">Perpetual Preferred Stock (Note 11)</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CommitmentsAndContingencies2009" xlink:label="us-gaap_CommitmentsAndContingencies2009" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies2009" xlink:to="lab_CommitmentsAndContingencies2009" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CommitmentsAndContingencies2009" xml:lang="en-US">Commitments and contingencies (Note 8)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CommitmentsAndContingencies2009" xml:lang="en-US">Commitments and Contingencies</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="lab_Liabilities" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_Liabilities" xml:lang="en-US">Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_Liabilities" xml:lang="en-US">Total liabilities</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_LiabilitiesOfAssetsHeldForSale" xlink:label="us-gaap_LiabilitiesOfAssetsHeldForSale" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesOfAssetsHeldForSale" xlink:to="lab_LiabilitiesOfAssetsHeldForSale" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_LiabilitiesOfAssetsHeldForSale" xml:lang="en-US">Liabilities of Assets Held-for-sale</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_LiabilitiesOfAssetsHeldForSale" xml:lang="en-US">Liabilities related to assets held for sale</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_SecurityDepositLiability" xlink:label="us-gaap_SecurityDepositLiability" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecurityDepositLiability" xlink:to="lab_SecurityDepositLiability" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_SecurityDepositLiability" xml:lang="en-US">Security Deposit Liability</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_SecurityDepositLiability" xml:lang="en-US">Security deposits</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_DeferredRevenue" xlink:label="us-gaap_DeferredRevenue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenue" xlink:to="lab_DeferredRevenue" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DeferredRevenue" xml:lang="en-US">Deferred Revenue</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_DeferredRevenue" xml:lang="en-US">Deferred Revenue, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_DeferredRevenue" xml:lang="en-US">Deferred Revenue, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_DeferredRevenue" xml:lang="en-US">Deferred Revenue, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_DeferredRevenue" xml:lang="en-US">Deferred income</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:label="us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrentAndNoncurrent" xlink:to="lab_AccruedLiabilitiesCurrentAndNoncurrent" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_AccruedLiabilitiesCurrentAndNoncurrent" xml:lang="en-US">Accrued liabilities and other ($79,170 and $62,503 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AccruedLiabilitiesCurrentAndNoncurrent" xml:lang="en-US">Accrued Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_AccruedLiabilitiesCurrentAndNoncurrent" xml:lang="en-US">Accrued Liabilities, Total</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AccountsPayableCurrentAndNoncurrent" xlink:label="us-gaap_AccountsPayableCurrentAndNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrentAndNoncurrent" xlink:to="lab_AccountsPayableCurrentAndNoncurrent" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AccountsPayableCurrentAndNoncurrent" xml:lang="en-US">Accounts Payable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_AccountsPayableCurrentAndNoncurrent" xml:lang="en-US">Accounts Payable, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_AccountsPayableCurrentAndNoncurrent" xml:lang="en-US">Accounts payable</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_DebtAndCapitalLeaseObligations" xlink:label="us-gaap_DebtAndCapitalLeaseObligations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtAndCapitalLeaseObligations" xlink:to="lab_DebtAndCapitalLeaseObligations" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DebtAndCapitalLeaseObligations" xml:lang="en-US">Debt and Capital Lease Obligations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_DebtAndCapitalLeaseObligations" xml:lang="en-US">Total indebtedness</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_OtherBorrowings" xlink:label="us-gaap_OtherBorrowings" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherBorrowings" xlink:to="lab_OtherBorrowings" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_OtherBorrowings" xml:lang="en-US">Other borrowings ($15,486 and $15,665 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_OtherBorrowings" xml:lang="en-US">Other Borrowings</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_SecuredDebt" xlink:label="us-gaap_SecuredDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SecuredDebt" xlink:to="lab_SecuredDebt" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_SecuredDebt" xml:lang="en-US">Non-recourse property loans payable ($442,055 and $385,453 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_SecuredDebt" xml:lang="en-US">Secured Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_SecuredDebt" xml:lang="en-US">Secured Debt, Total</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="lab_CommonStockSharesOutstanding" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CommonStockSharesOutstanding" xml:lang="en-US">Common Stock, Shares, Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_CommonStockSharesOutstanding" xml:lang="en-US">Common Stock, Shares, Outstanding, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_CommonStockSharesOutstanding" xml:lang="en-US">Common Stock, Shares, Outstanding, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CommonStockSharesOutstanding" xml:lang="en-US">Class A Common Stock, shares outstanding</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="lab_CommonStockSharesIssued" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CommonStockSharesIssued" xml:lang="en-US">Common Stock, Shares, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_CommonStockSharesIssued" xml:lang="en-US">Common Stock, Shares, Issued, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CommonStockSharesIssued" xml:lang="en-US">Class A Common Stock, shares issued</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="lab_CommonStockSharesAuthorized" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CommonStockSharesAuthorized" xml:lang="en-US">Common Stock, Shares Authorized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CommonStockSharesAuthorized" xml:lang="en-US">Class A Common Stock, shares authorized</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="lab_CommonStockParOrStatedValuePerShare" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CommonStockParOrStatedValuePerShare" xml:lang="en-US">Common Stock, Par or Stated Value Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CommonStockParOrStatedValuePerShare" xml:lang="en-US">Class A Common Stock, par value</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_GeneralPoliciesAbstract" xlink:label="us-gaap_GeneralPoliciesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralPoliciesAbstract" xlink:to="lab_GeneralPoliciesAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_GeneralPoliciesAbstract" xml:lang="en-US">Basis of Presentation [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="lab_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xml:lang="en-US">Basis of Presentation</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="lab_EarningsPerShareAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EarningsPerShareAbstract" xml:lang="en-US">Earnings per Share [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_EarningsPerShareAbstract" xml:lang="en-US">Earnings (loss) per common share - basic and diluted:</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="lab_EarningsPerShareTextBlock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EarningsPerShareTextBlock" xml:lang="en-US">Earnings Per Share [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_EarningsPerShareTextBlock" xml:lang="en-US">Earnings per Share</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_CommitmentsAndContingenciesAbstract" xlink:label="aiv_CommitmentsAndContingenciesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_CommitmentsAndContingenciesAbstract" xlink:to="aiv_CommitmentsAndContingenciesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_CommitmentsAndContingenciesAbstract_lbl" xml:lang="en-US">Commitments and Contingencies [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_CommitmentsAndContingenciesAbstract_lbl" xml:lang="en-US">Commitments and Contingencies.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_Revenues" xml:lang="en-US">Revenues</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_Revenues" xml:lang="en-US">Total revenues</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_AssetManagementAndTaxCreditRevenues" xlink:to="aiv_AssetManagementAndTaxCreditRevenues_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_AssetManagementAndTaxCreditRevenues_lbl" xml:lang="en-US">Asset management and tax credit revenues</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_AssetManagementAndTaxCreditRevenues_lbl" xml:lang="en-US">Asset management and tax credit revenues.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aiv_AssetManagementAndTaxCreditRevenues_lbl" xml:lang="en-US">Asset management and tax credit revenues</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CashAndCashEquivalentsPeriodIncreaseDecrease" xml:lang="en-US">NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</label>
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    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NetCashProvidedByUsedInFinancingActivitiesAbstract" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_NetCashProvidedByUsedInFinancingActivitiesAbstract" xml:lang="en-US">CASH FLOWS FROM FINANCING ACTIVITIES:</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="lab_NetCashProvidedByUsedInFinancingActivities" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US">Net Cash Provided by (Used in) Financing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_NetCashProvidedByUsedInFinancingActivities" xml:lang="en-US">Net cash used in financing activities</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:to="lab_ProceedsFromPaymentsForOtherFinancingActivities" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProceedsFromPaymentsForOtherFinancingActivities" xml:lang="en-US">Proceeds from (Payments for) Other Financing Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ProceedsFromPaymentsForOtherFinancingActivities" xml:lang="en-US">Other financing activities</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:label="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividendsPreferredStockAndPreferenceStock" xlink:to="lab_PaymentsOfDividendsPreferredStockAndPreferenceStock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PaymentsOfDividendsPreferredStockAndPreferenceStock" xml:lang="en-US">Payments of Dividends, Preferred Stock and Preference Stock</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_PaymentsOfDividendsPreferredStockAndPreferenceStock" xml:lang="en-US">Payment of preferred stock dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_PaymentsOfDividendsPreferredStockAndPreferenceStock" xml:lang="en-US">Payment of preferred stock dividends</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PaymentsOfDividendsCommonStock" xlink:label="us-gaap_PaymentsOfDividendsCommonStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividendsCommonStock" xlink:to="lab_PaymentsOfDividendsCommonStock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PaymentsOfDividendsCommonStock" xml:lang="en-US">Payments of Dividends, Common Stock</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_PaymentsOfDividendsCommonStock" xml:lang="en-US">Payment of Class A Common Stock dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_PaymentsOfDividendsCommonStock" xml:lang="en-US">Payment of Class A Common Stock dividends</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="lab_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_NetCashProvidedByUsedInInvestingActivitiesAbstract" xml:lang="en-US">CASH FLOWS FROM INVESTING ACTIVITIES:</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="lab_NetCashProvidedByUsedInInvestingActivities" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US">Net cash provided by investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NetCashProvidedByUsedInInvestingActivities" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:to="lab_PaymentsForProceedsFromOtherInvestingActivities" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PaymentsForProceedsFromOtherInvestingActivities" xml:lang="en-US">Payments for (Proceeds from) Other Investing Activities</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negatedTotal" xlink:label="lab_PaymentsForProceedsFromOtherInvestingActivities" xml:lang="en-US">Other investing activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_PaymentsForProceedsFromOtherInvestingActivities" xml:lang="en-US">Other investing activities</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:label="us-gaap_OriginationOfNotesReceivableFromRelatedParties" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OriginationOfNotesReceivableFromRelatedParties" xlink:to="lab_OriginationOfNotesReceivableFromRelatedParties" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_OriginationOfNotesReceivableFromRelatedParties" xml:lang="en-US">Origination of Notes Receivable from Related Parties</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_OriginationOfNotesReceivableFromRelatedParties" xml:lang="en-US">Originations of notes receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_OriginationOfNotesReceivableFromRelatedParties" xml:lang="en-US">Originations of notes receivable from unconsolidated real estate partnerships</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="lab_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_NetCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">CASH FLOWS FROM OPERATING ACTIVITIES:</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="lab_NetCashProvidedByUsedInOperatingActivities" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_NetCashProvidedByUsedInOperatingActivities" xml:lang="en-US">Net cash provided by operating activities</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="lab_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xml:lang="en-US">Adjustments to reconcile net (loss) income to net cash provided by operating activities:</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncome" xlink:label="us-gaap_AccumulatedDistributionsInExcessOfNetIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDistributionsInExcessOfNetIncome" xlink:to="lab_AccumulatedDistributionsInExcessOfNetIncome" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AccumulatedDistributionsInExcessOfNetIncome" xml:lang="en-US">Accumulated Distributions in Excess of Net Income</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negatedTotal" xlink:label="lab_AccumulatedDistributionsInExcessOfNetIncome" xml:lang="en-US">Distributions in excess of earnings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_AccumulatedDistributionsInExcessOfNetIncome" xml:lang="en-US">Distributions in excess of earnings</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_OrganizationAbstract" xlink:label="aiv_OrganizationAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_OrganizationAbstract" xlink:to="aiv_OrganizationAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_OrganizationAbstract_lbl" xml:lang="en-US">Organization [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_OrganizationAbstract_lbl" xml:lang="en-US">Organization Abstract.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="lab_EntityRegistrantName" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EntityRegistrantName" xml:lang="en-US">Entity Registrant Name</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="lab_EntityCentralIndexKey" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EntityCentralIndexKey" xml:lang="en-US">Entity Central Index Key</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="lab_DocumentType" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DocumentType" xml:lang="en-US">Document Type</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="lab_DocumentPeriodEndDate" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DocumentPeriodEndDate" xml:lang="en-US">Document Period End Date</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="lab_DocumentFiscalYearFocus" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DocumentFiscalYearFocus" xml:lang="en-US">Document Fiscal Year Focus</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="lab_DocumentFiscalPeriodFocus" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DocumentFiscalPeriodFocus" xml:lang="en-US">Document Fiscal Period Focus</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="lab_AmendmentFlag" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AmendmentFlag" xml:lang="en-US">Amendment Flag</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="lab_CurrentFiscalYearEndDate" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CurrentFiscalYearEndDate" xml:lang="en-US">Current Fiscal Year End Date</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_EntityWellKnownSeasonedIssuer" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EntityWellKnownSeasonedIssuer" xml:lang="en-US">Entity Well-known Seasoned Issuer</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="lab_EntityVoluntaryFilers" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EntityVoluntaryFilers" xml:lang="en-US">Entity Voluntary Filers</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="lab_EntityCurrentReportingStatus" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EntityCurrentReportingStatus" xml:lang="en-US">Entity Current Reporting Status</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="lab_EntityFilerCategory" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EntityFilerCategory" xml:lang="en-US">Entity Filer Category</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="lab_EntityPublicFloat" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EntityPublicFloat" xml:lang="en-US">Entity Public Float</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/non-gaap/dei-2009-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="lab_EntityCommonStockSharesOutstanding" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EntityCommonStockSharesOutstanding" xml:lang="en-US">Entity Common Stock, Shares Outstanding</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AccountsReceivableNet" xlink:label="us-gaap_AccountsReceivableNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNet" xlink:to="lab_AccountsReceivableNet" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_AccountsReceivableNet" xml:lang="en-US">Accounts receivable, net ($13,582 and $20,766 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AccountsReceivableNet" xml:lang="en-US">Accounts Receivable, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_AccountsReceivableNet" xml:lang="en-US">Accounts Receivable, Net, Total</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_DueFromAffiliates" xlink:label="us-gaap_DueFromAffiliates" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromAffiliates" xlink:to="lab_DueFromAffiliates" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DueFromAffiliates" xml:lang="en-US">Due from Affiliates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_DueFromAffiliates" xml:lang="en-US">Accounts receivable from affiliates, net</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NotesReceivableRelatedParties" xlink:label="us-gaap_NotesReceivableRelatedParties" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NotesReceivableRelatedParties" xlink:to="lab_NotesReceivableRelatedParties" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NotesReceivableRelatedParties" xml:lang="en-US">Notes Receivable, Related Parties</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_NotesReceivableRelatedParties" xml:lang="en-US">Notes receivable from unconsolidated real estate partnerships, net</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" xlink:label="us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" xlink:to="lab_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" xml:lang="en-US">Investment in unconsolidated real estate partnerships ($54,374 and $99,460 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures" xml:lang="en-US">Real Estate Investments, Unconsolidated Real Estate and Other Joint Ventures</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_LoansPayableToBank" xlink:label="us-gaap_LoansPayableToBank" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansPayableToBank" xlink:to="lab_LoansPayableToBank" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_LoansPayableToBank" xml:lang="en-US">Loans Payable to Bank</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_LoansPayableToBank" xml:lang="en-US">Loans Payable to Bank, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_LoansPayableToBank" xml:lang="en-US">Term loan</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_TemporaryEquityCarryingAmount" xlink:label="us-gaap_TemporaryEquityCarryingAmount" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TemporaryEquityCarryingAmount" xlink:to="lab_TemporaryEquityCarryingAmount" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_TemporaryEquityCarryingAmount" xml:lang="en-US">Temporary Equity, Carrying Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="lab_TemporaryEquityCarryingAmount" xml:lang="en-US">Reclassification of preferred stock to temporary equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_TemporaryEquityCarryingAmount" xml:lang="en-US">Preferred stock subject to repurchase agreement (Note 11)</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_MinorityInterestInLimitedPartnerships" xlink:label="us-gaap_MinorityInterestInLimitedPartnerships" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestInLimitedPartnerships" xlink:to="lab_MinorityInterestInLimitedPartnerships" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_MinorityInterestInLimitedPartnerships" xml:lang="en-US">Noncontrolling Interest in Limited Partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_MinorityInterestInLimitedPartnerships" xml:lang="en-US">Noncontrolling interests in consolidated real estate partnerships</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_MinorityInterestInOperatingPartnerships" xlink:label="us-gaap_MinorityInterestInOperatingPartnerships" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestInOperatingPartnerships" xlink:to="lab_MinorityInterestInOperatingPartnerships" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_MinorityInterestInOperatingPartnerships" xml:lang="en-US">Noncontrolling Interest in Operating Partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_MinorityInterestInOperatingPartnerships" xml:lang="en-US">Common noncontrolling interests in Aimco Operating Partnership</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RealEstateRevenueNet" xlink:label="us-gaap_RealEstateRevenueNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RealEstateRevenueNet" xlink:to="lab_RealEstateRevenueNet" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RealEstateRevenueNet" xml:lang="en-US">Real Estate Revenue, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_RealEstateRevenueNet" xml:lang="en-US">Real Estate Revenue, Net, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_RealEstateRevenueNet" xml:lang="en-US">Rental and other property revenues</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xlink:label="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOfLongLivedAssetsHeldForUse" xlink:to="lab_ImpairmentOfLongLivedAssetsHeldForUse" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ImpairmentOfLongLivedAssetsHeldForUse" xml:lang="en-US">Impairment of Long-Lived Assets Held-for-use</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ImpairmentOfLongLivedAssetsHeldForUse" xml:lang="en-US">Provision for impairment losses on real estate development assets</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_IncomeLossBeforeIncomeTaxesAndDiscontinuedOperations" xlink:label="aiv_IncomeLossBeforeIncomeTaxesAndDiscontinuedOperations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_IncomeLossBeforeIncomeTaxesAndDiscontinuedOperations" xlink:to="aiv_IncomeLossBeforeIncomeTaxesAndDiscontinuedOperations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_IncomeLossBeforeIncomeTaxesAndDiscontinuedOperations_lbl" xml:lang="en-US">Income Loss Before Income Taxes And Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_IncomeLossBeforeIncomeTaxesAndDiscontinuedOperations_lbl" xml:lang="en-US">Loss before income taxes and discontinued operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_IncomeLossBeforeIncomeTaxesAndDiscontinuedOperations_lbl" xml:lang="en-US">(Loss) income before income taxes and discontinued operations.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_OtherCostAndExpenseOperating" xlink:label="us-gaap_OtherCostAndExpenseOperating" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherCostAndExpenseOperating" xlink:to="lab_OtherCostAndExpenseOperating" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_OtherCostAndExpenseOperating" xml:lang="en-US">Other Cost and Expense, Operating</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_OtherCostAndExpenseOperating" xml:lang="en-US">Other expenses, net</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_GainLossOnSaleOfOtherAssets" xlink:label="us-gaap_GainLossOnSaleOfOtherAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnSaleOfOtherAssets" xlink:to="lab_GainLossOnSaleOfOtherAssets" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_GainLossOnSaleOfOtherAssets" xml:lang="en-US">Gain (Loss) on Sale of Other Assets</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_GainLossOnSaleOfOtherAssets" xml:lang="en-US">Gain on dispositions of unconsolidated real estate and other</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negatedTotal" xlink:label="lab_GainLossOnSaleOfOtherAssets" xml:lang="en-US">Gain on dispositions of unconsolidated real estate and other, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_GainLossOnSaleOfOtherAssets" xml:lang="en-US">Gain on dispositions of unconsolidated real estate and other, net</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_MinorityInterestInNetIncomeLossLimitedPartnerships" xlink:label="us-gaap_MinorityInterestInNetIncomeLossLimitedPartnerships" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestInNetIncomeLossLimitedPartnerships" xlink:to="lab_MinorityInterestInNetIncomeLossLimitedPartnerships" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_MinorityInterestInNetIncomeLossLimitedPartnerships" xml:lang="en-US">Net Income (Loss) Attributable to Noncontrolling Interest, Limited Partnerships</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_MinorityInterestInNetIncomeLossLimitedPartnerships" xml:lang="en-US">Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_MinorityInterestInNetIncomeLossPreferredUnitHolders" xlink:label="us-gaap_MinorityInterestInNetIncomeLossPreferredUnitHolders" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestInNetIncomeLossPreferredUnitHolders" xlink:to="lab_MinorityInterestInNetIncomeLossPreferredUnitHolders" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_MinorityInterestInNetIncomeLossPreferredUnitHolders" xml:lang="en-US">Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_MinorityInterestInNetIncomeLossPreferredUnitHolders" xml:lang="en-US">Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PreferredStockDividendsAndOtherAdjustments" xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendsAndOtherAdjustments" xlink:to="lab_PreferredStockDividendsAndOtherAdjustments" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PreferredStockDividendsAndOtherAdjustments" xml:lang="en-US">Preferred Stock Dividends and Other Adjustments</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_PreferredStockDividendsAndOtherAdjustments" xml:lang="en-US">Net income attributable to Aimco preferred stockholders</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negatedTotal" xlink:label="lab_PreferredStockDividendsAndOtherAdjustments" xml:lang="en-US">Net income attributable to Aimco preferred stockholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_PreferredStockDividendsAndOtherAdjustments" xml:lang="en-US">Preferred Stock Dividends and Other Adjustments, Total</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PaymentsToDevelopRealEstateAssets" xlink:label="us-gaap_PaymentsToDevelopRealEstateAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToDevelopRealEstateAssets" xlink:to="lab_PaymentsToDevelopRealEstateAssets" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PaymentsToDevelopRealEstateAssets" xml:lang="en-US">Payments to Develop Real Estate Assets</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_PaymentsToDevelopRealEstateAssets" xml:lang="en-US">Capital expenditures</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:label="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfRealEstateHeldforinvestment" xlink:to="lab_ProceedsFromSaleOfRealEstateHeldforinvestment" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProceedsFromSaleOfRealEstateHeldforinvestment" xml:lang="en-US">Proceeds from Sale of Real Estate Held-for-investment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ProceedsFromSaleOfRealEstateHeldforinvestment" xml:lang="en-US">Proceeds from Sale of Real Estate Held-for-investment, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ProceedsFromSaleOfRealEstateHeldforinvestment" xml:lang="en-US">Proceeds from dispositions of real estate</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RepaymentsOfSecuredTaxExemptDebt" xlink:label="us-gaap_RepaymentsOfSecuredTaxExemptDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfSecuredTaxExemptDebt" xlink:to="lab_RepaymentsOfSecuredTaxExemptDebt" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RepaymentsOfSecuredTaxExemptDebt" xml:lang="en-US">Repayments of Secured Tax Exempt Debt</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_RepaymentsOfSecuredTaxExemptDebt" xml:lang="en-US">Principal repayments on tax-exempt bond financing</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RepaymentsOfBankDebt" xlink:label="us-gaap_RepaymentsOfBankDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfBankDebt" xlink:to="lab_RepaymentsOfBankDebt" />
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_RepaymentsOfBankDebt" xml:lang="en-US">Payments on term loans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RepaymentsOfBankDebt" xml:lang="en-US">Repayments of Bank Debt</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PaymentsToMinorityShareholders" xlink:label="us-gaap_PaymentsToMinorityShareholders" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToMinorityShareholders" xlink:to="lab_PaymentsToMinorityShareholders" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PaymentsToMinorityShareholders" xml:lang="en-US">Payments to Noncontrolling Interests</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_PaymentsToMinorityShareholders" xml:lang="en-US">Payment of distributions to noncontrolling interests</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_PreferredNoncontrollingInterestsInOperatingPartnership" xlink:label="aiv_PreferredNoncontrollingInterestsInOperatingPartnership" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_PreferredNoncontrollingInterestsInOperatingPartnership" xlink:to="aiv_PreferredNoncontrollingInterestsInOperatingPartnership_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_PreferredNoncontrollingInterestsInOperatingPartnership_lbl" xml:lang="en-US">Preferred Noncontrolling Interests In Operating Partnership</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_PreferredNoncontrollingInterestsInOperatingPartnership_lbl" xml:lang="en-US">Preferred noncontrolling interests in Aimco Operating Partnership</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_PreferredNoncontrollingInterestsInOperatingPartnership_lbl" xml:lang="en-US">The carrying value of a consolidated subsidiary's issued and outstanding equity, which is not included in permanent equity.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NatureOfOperations" xlink:label="us-gaap_NatureOfOperations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NatureOfOperations" xlink:to="lab_NatureOfOperations" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NatureOfOperations" xml:lang="en-US">Nature of Operations [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_NatureOfOperations" xml:lang="en-US">Organization</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_InvestmentManagementExpenses" xlink:label="aiv_InvestmentManagementExpenses" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_InvestmentManagementExpenses" xlink:to="aiv_InvestmentManagementExpenses_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_InvestmentManagementExpenses_lbl" xml:lang="en-US">Investment management expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_InvestmentManagementExpenses_lbl" xml:lang="en-US">Investment management expenses.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_InvestmentManagementExpenses_lbl" xml:lang="en-US">Investment management expenses</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="us-gaap_ProvisionForDoubtfulAccounts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForDoubtfulAccounts" xlink:to="lab_ProvisionForDoubtfulAccounts" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProvisionForDoubtfulAccounts" xml:lang="en-US">Provision for Doubtful Accounts</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_ProvisionForDoubtfulAccounts" xml:lang="en-US">Provision for losses on notes receivable, net</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProceedsFromCollectionOfLoansReceivable" xlink:label="us-gaap_ProceedsFromCollectionOfLoansReceivable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromCollectionOfLoansReceivable" xlink:to="lab_ProceedsFromCollectionOfLoansReceivable" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProceedsFromCollectionOfLoansReceivable" xml:lang="en-US">Proceeds from Collection of Loans Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ProceedsFromCollectionOfLoansReceivable" xml:lang="en-US">Proceeds from repayment of notes receivable</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_WeightedAverageCommonSharesOutstandingBasicAndDiluted" xlink:label="aiv_WeightedAverageCommonSharesOutstandingBasicAndDiluted" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_WeightedAverageCommonSharesOutstandingBasicAndDiluted" xlink:to="aiv_WeightedAverageCommonSharesOutstandingBasicAndDiluted_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_WeightedAverageCommonSharesOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Weighted average common shares outstanding, basic and diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aiv_WeightedAverageCommonSharesOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Weighted average common shares outstanding - basic and diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_WeightedAverageCommonSharesOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Weighted average common shares outstanding - basic and diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_WeightedAverageCommonSharesOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Weighted average common shares outstanding, basic and diluted.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NetRealEstateRelatedToVariableInterestEntities" xlink:label="aiv_NetRealEstateRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NetRealEstateRelatedToVariableInterestEntities" xlink:to="aiv_NetRealEstateRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NetRealEstateRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Net real estate related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NetRealEstateRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Net real estate related to Variable Interest Entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NetRealEstateRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Net real estate related to Variable Interest Entities</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_CashAndCashEquivalentsRelatedToVariableInterestEntities" xlink:label="aiv_CashAndCashEquivalentsRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_CashAndCashEquivalentsRelatedToVariableInterestEntities" xlink:to="aiv_CashAndCashEquivalentsRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_CashAndCashEquivalentsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Cash and cash equivalents related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_CashAndCashEquivalentsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Cash and cash equivalents related to Variable Interest Entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_CashAndCashEquivalentsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Cash and cash equivalents related to Variable Interest Entities</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RestrictedCashRelatedToVariableInterestEntities" xlink:label="aiv_RestrictedCashRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RestrictedCashRelatedToVariableInterestEntities" xlink:to="aiv_RestrictedCashRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RestrictedCashRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Restricted cash related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RestrictedCashRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Restricted cash related to Variable Interest Entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RestrictedCashRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Restricted cash related to Variable Interest Entities</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_AccountsReceivableNetRelatedToVariableInterestEntities" xlink:label="aiv_AccountsReceivableNetRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_AccountsReceivableNetRelatedToVariableInterestEntities" xlink:to="aiv_AccountsReceivableNetRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_AccountsReceivableNetRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Accounts receivable, net related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_AccountsReceivableNetRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Accounts receivable, net related to Variable Interest Entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_AccountsReceivableNetRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Accounts receivable, net related to Variable Interest Entities</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToVariableInterestEntities" xlink:label="aiv_InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToVariableInterestEntities" xlink:to="aiv_InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Investment in unconsolidated real estate partnerships related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Investment in unconsolidated real estate partnerships related to Variable Interest Entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Investment in unconsolidated real estate partnerships related to Variable Interest Entities</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_PropertyTaxExemptBondFinancingRelatedToVariableInterestEntities" xlink:label="aiv_PropertyTaxExemptBondFinancingRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_PropertyTaxExemptBondFinancingRelatedToVariableInterestEntities" xlink:to="aiv_PropertyTaxExemptBondFinancingRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_PropertyTaxExemptBondFinancingRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Property tax-exempt bond financing related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_PropertyTaxExemptBondFinancingRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Non-recourse property tax-exempt bond financing related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_PropertyTaxExemptBondFinancingRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Property tax-exempt bond financing related to Variable Interest Entities.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_PropertyLoansPayableRelatedToVariableInterestEntities" xlink:label="aiv_PropertyLoansPayableRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_PropertyLoansPayableRelatedToVariableInterestEntities" xlink:to="aiv_PropertyLoansPayableRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_PropertyLoansPayableRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Property loans payable related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_PropertyLoansPayableRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Non-recourse property loans payable related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_PropertyLoansPayableRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Property loans payable related to Variable Interest Entities.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_OtherBorrowingsRelatedToVariableInterestEntities" xlink:label="aiv_OtherBorrowingsRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_OtherBorrowingsRelatedToVariableInterestEntities" xlink:to="aiv_OtherBorrowingsRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_OtherBorrowingsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Other borrowings related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_OtherBorrowingsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Other borrowings related to Variable Interest Entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_OtherBorrowingsRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Other borrowings related to Variable Interest Entities</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities" xlink:label="aiv_AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities" xlink:to="aiv_AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Accrued liabilities and other related to Variable Interest Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Accrued liabilities and other related to Variable Interest Entities.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities_lbl" xml:lang="en-US">Accrued liabilities and other related to Variable Interest Entities</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_PropertyTaxExemptBondFinancing" xlink:label="aiv_PropertyTaxExemptBondFinancing" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_PropertyTaxExemptBondFinancing" xlink:to="aiv_PropertyTaxExemptBondFinancing_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_PropertyTaxExemptBondFinancing_lbl" xml:lang="en-US">Property Tax Exempt Bond Financing</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_PropertyTaxExemptBondFinancing_lbl" xml:lang="en-US">Non-recourse property tax-exempt bond financing ($212,245 and $211,691 related to VIEs)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_PropertyTaxExemptBondFinancing_lbl" xml:lang="en-US">Carrying value as of the balance sheet date , including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:label="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xlink:to="lab_DirectCostsOfLeasedAndRentedPropertyOrEquipment" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xml:lang="en-US">Direct Costs of Leased and Rented Property or Equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_DirectCostsOfLeasedAndRentedPropertyOrEquipment" xml:lang="en-US">Property operating expenses</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:label="us-gaap_ProceedsFromIssuanceOfSecuredDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfSecuredDebt" xlink:to="lab_ProceedsFromIssuanceOfSecuredDebt" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProceedsFromIssuanceOfSecuredDebt" xml:lang="en-US">Proceeds from Issuance of Secured Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ProceedsFromIssuanceOfSecuredDebt" xml:lang="en-US">Proceeds from property loans</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RepaymentsOfSecuredDebt" xlink:label="us-gaap_RepaymentsOfSecuredDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfSecuredDebt" xlink:to="lab_RepaymentsOfSecuredDebt" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RepaymentsOfSecuredDebt" xml:lang="en-US">Repayments of Secured Debt</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_RepaymentsOfSecuredDebt" xml:lang="en-US">Principal repayments on property loans</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_IncomeLossFromContinuingOperationsAttributableToCommonStockholdersBasicAndDiluted" xlink:label="aiv_IncomeLossFromContinuingOperationsAttributableToCommonStockholdersBasicAndDiluted" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_IncomeLossFromContinuingOperationsAttributableToCommonStockholdersBasicAndDiluted" xlink:to="aiv_IncomeLossFromContinuingOperationsAttributableToCommonStockholdersBasicAndDiluted_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_IncomeLossFromContinuingOperationsAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">Income Loss From Continuing Operations Attributable To Common Stockholders Basic And Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_IncomeLossFromContinuingOperationsAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">Loss from continuing operations attributable to Aimco common stockholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_IncomeLossFromContinuingOperationsAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">(Loss) income from continuing operations attributable to Aimco common stockholders (basic and diluted).</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_IncomeLossFromDiscontinuedOperationsAttributableToCommonStockholdersBasicAndDiluted" xlink:label="aiv_IncomeLossFromDiscontinuedOperationsAttributableToCommonStockholdersBasicAndDiluted" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_IncomeLossFromDiscontinuedOperationsAttributableToCommonStockholdersBasicAndDiluted" xlink:to="aiv_IncomeLossFromDiscontinuedOperationsAttributableToCommonStockholdersBasicAndDiluted_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_IncomeLossFromDiscontinuedOperationsAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">Income Loss From Discontinued Operations Attributable To Common Stockholders Basic And Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aiv_IncomeLossFromDiscontinuedOperationsAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">Income from discontinued operations attributable to Aimco common stockholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_IncomeLossFromDiscontinuedOperationsAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">Income (loss) from discontinued operations attributable to Aimco common stockholders (basic and diluted).</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted" xlink:label="aiv_NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted" xlink:to="aiv_NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">Net Income Loss Attributable To Common Stockholders Basic And Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aiv_NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">Net (loss) income attributable to Aimco common stockholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NetIncomeLossAttributableToCommonStockholdersBasicAndDiluted_lbl" xml:lang="en-US">Net income (loss) attributable to Aimco common stockholders (basic and diluted).</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:to="lab_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xml:lang="en-US">Payments for Repurchase of Preferred Stock and Preference Stock</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xml:lang="en-US">Repurchases and redemptions of preferred stock</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProceedsFromStockOptionsExercised" xlink:label="us-gaap_ProceedsFromStockOptionsExercised" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromStockOptionsExercised" xlink:to="lab_ProceedsFromStockOptionsExercised" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProceedsFromStockOptionsExercised" xml:lang="en-US">Proceeds from Stock Options Exercised</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ProceedsFromStockOptionsExercised" xml:lang="en-US">Proceeds from Class A Common Stock option exercises</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NetIncomeAttributableToParticipatingSecurities" xlink:label="aiv_NetIncomeAttributableToParticipatingSecurities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NetIncomeAttributableToParticipatingSecurities" xlink:to="aiv_NetIncomeAttributableToParticipatingSecurities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NetIncomeAttributableToParticipatingSecurities_lbl" xml:lang="en-US">Net Income Attributable To Participating Securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aiv_NetIncomeAttributableToParticipatingSecurities_lbl" xml:lang="en-US">Net income attributable to participating securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NetIncomeAttributableToParticipatingSecurities_lbl" xml:lang="en-US">Net income attributable to participating securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NetIncomeAttributableToParticipatingSecurities_lbl" xml:lang="en-US">Net income attributable to participating securities.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ImpairmentOfRealEstate" xlink:label="us-gaap_ImpairmentOfRealEstate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOfRealEstate" xlink:to="lab_ImpairmentOfRealEstate" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ImpairmentOfRealEstate" xml:lang="en-US">Impairment of Real Estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ImpairmentOfRealEstate" xml:lang="en-US">Provision for operating real estate impairment losses</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="lab_ShareBasedCompensation" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ShareBasedCompensation" xml:lang="en-US">Share-based Compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ShareBasedCompensation" xml:lang="en-US">Share-based Compensation, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ShareBasedCompensation" xml:lang="en-US">Stock-based compensation expense</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="lab_AmortizationOfFinancingCosts" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AmortizationOfFinancingCosts" xml:lang="en-US">Amortization of Financing Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_AmortizationOfFinancingCosts" xml:lang="en-US">Amortization of deferred loan costs and other</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:label="us-gaap_EquityMethodInvestmentDividendsOrDistributions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:to="lab_EquityMethodInvestmentDividendsOrDistributions" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EquityMethodInvestmentDividendsOrDistributions" xml:lang="en-US">Equity Method Investment, Dividends or Distributions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_EquityMethodInvestmentDividendsOrDistributions" xml:lang="en-US">Distributions of earnings from unconsolidated entities</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="lab_IncreaseDecreaseInOperatingCapitalAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_IncreaseDecreaseInOperatingCapitalAbstract" xml:lang="en-US">Increase (Decrease) in Operating Capital [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_IncreaseDecreaseInOperatingCapitalAbstract" xml:lang="en-US">Changes in operating assets and operating liabilities:</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="lab_IncreaseDecreaseInAccountsReceivable" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_IncreaseDecreaseInAccountsReceivable" xml:lang="en-US">Increase (Decrease) in Accounts Receivable</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_IncreaseDecreaseInAccountsReceivable" xml:lang="en-US">Accounts receivable</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:to="lab_IncreaseDecreaseInOtherOperatingAssets" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_IncreaseDecreaseInOtherOperatingAssets" xml:lang="en-US">Increase (Decrease) in Other Operating Assets</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_IncreaseDecreaseInOtherOperatingAssets" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="lab_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xml:lang="en-US">Increase (Decrease) in Accounts Payable and Accrued Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xml:lang="en-US">Accounts payable, accrued liabilities and other</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_DiscontinuedOperationsAbstract" xlink:label="aiv_DiscontinuedOperationsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_DiscontinuedOperationsAbstract" xlink:to="aiv_DiscontinuedOperationsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_DiscontinuedOperationsAbstract_lbl" xml:lang="en-US">Discontinued Operations Abstract</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_DiscontinuedOperationsAbstract_lbl" xml:lang="en-US">Discontinued operations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_DiscontinuedOperationsAbstract_lbl" xml:lang="en-US">Discontinued operations:</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_GainOnDispositionOfRealEstate" xlink:label="aiv_GainOnDispositionOfRealEstate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_GainOnDispositionOfRealEstate" xlink:to="aiv_GainOnDispositionOfRealEstate_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_GainOnDispositionOfRealEstate_lbl" xml:lang="en-US">Gain on disposition of real estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_GainOnDispositionOfRealEstate_lbl" xml:lang="en-US">Gain on disposition of real estate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_GainOnDispositionOfRealEstate_lbl" xml:lang="en-US">Gain on disposition of real estate</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_OtherAdjustmentsToIncomeFromDiscontinuedOperations" xlink:label="aiv_OtherAdjustmentsToIncomeFromDiscontinuedOperations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_OtherAdjustmentsToIncomeFromDiscontinuedOperations" xlink:to="aiv_OtherAdjustmentsToIncomeFromDiscontinuedOperations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_OtherAdjustmentsToIncomeFromDiscontinuedOperations_lbl" xml:lang="en-US">Other Adjustments To Income From Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_OtherAdjustmentsToIncomeFromDiscontinuedOperations_lbl" xml:lang="en-US">Other adjustments to income from discontinued operations.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_OtherAdjustmentsToIncomeFromDiscontinuedOperations_lbl" xml:lang="en-US">Other adjustments to income from discontinued operations</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="lab_PaymentsForRepurchaseOfCommonStock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PaymentsForRepurchaseOfCommonStock" xml:lang="en-US">Payments for Repurchase of Common Stock</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_PaymentsForRepurchaseOfCommonStock" xml:lang="en-US">Repurchases of Class A Common Stock</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="lab_StatementOfStockholdersEquityAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StatementOfStockholdersEquityAbstract" xml:lang="en-US">Consolidated Statements of Equity [Abstract]</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RepaymentOfNotesReceivableFromOfficers" xlink:label="aiv_RepaymentOfNotesReceivableFromOfficers" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RepaymentOfNotesReceivableFromOfficers" xlink:to="aiv_RepaymentOfNotesReceivableFromOfficers_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RepaymentOfNotesReceivableFromOfficers_lbl" xml:lang="en-US">Repayment of notes receivable from officers</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RepaymentOfNotesReceivableFromOfficers_lbl" xml:lang="en-US">Repayment of notes receivable from officers.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RepaymentOfNotesReceivableFromOfficers_lbl" xml:lang="en-US">Repayment of notes receivable from officers</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_DividendsCommonStockCash" xlink:label="us-gaap_DividendsCommonStockCash" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsCommonStockCash" xlink:to="lab_DividendsCommonStockCash" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DividendsCommonStockCash" xml:lang="en-US">Dividends, Common Stock, Cash</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_DividendsCommonStockCash" xml:lang="en-US">Common Stock dividends</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_SharesIssued" xlink:label="us-gaap_SharesIssued" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssued" xlink:to="lab_SharesIssued" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_SharesIssued" xml:lang="en-US">Shares, Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_SharesIssued" xml:lang="en-US">Ending balances, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_SharesIssued" xml:lang="en-US">Beginning balances, shares</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsShares" xlink:label="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsShares" xlink:to="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsShares_lbl" xml:lang="en-US">Repurchases Of Common Stock And Common Partnership Units, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsShares_lbl" xml:lang="en-US">Repurchases of Common Stock and common partnership units, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsShares_lbl" xml:lang="en-US">Repurchases of common stock and common partnership units.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_ExpenseForDividendsOnForfeitedSharesAndOtherOpUnitDistributions" xlink:label="aiv_ExpenseForDividendsOnForfeitedSharesAndOtherOpUnitDistributions" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_ExpenseForDividendsOnForfeitedSharesAndOtherOpUnitDistributions" xlink:to="aiv_ExpenseForDividendsOnForfeitedSharesAndOtherOpUnitDistributions_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_ExpenseForDividendsOnForfeitedSharesAndOtherOpUnitDistributions_lbl" xml:lang="en-US">Expense for dividends on forfeited shares and other Op Unit distributions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_ExpenseForDividendsOnForfeitedSharesAndOtherOpUnitDistributions_lbl" xml:lang="en-US">Expense for dividends on forfeited shares and other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_ExpenseForDividendsOnForfeitedSharesAndOtherOpUnitDistributions_lbl" xml:lang="en-US">Expense for dividends on forfeited shares and other OP Unit distributions.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NotesDueOnCommonStockPurchasesMember" xlink:label="aiv_NotesDueOnCommonStockPurchasesMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NotesDueOnCommonStockPurchasesMember" xlink:to="aiv_NotesDueOnCommonStockPurchasesMember_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NotesDueOnCommonStockPurchasesMember_lbl" xml:lang="en-US">Notes Due on Common Stock Purchases</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NotesDueOnCommonStockPurchasesMember_lbl" xml:lang="en-US">Notes due on common stock member.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="lab_StatementTable" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StatementTable" xml:lang="en-US">Statement [Table]</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="lab_StatementEquityComponentsAxis" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StatementEquityComponentsAxis" xml:lang="en-US">Statement, Equity Components [Axis]</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityComponentDomain" xlink:to="lab_EquityComponentDomain" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_EquityComponentDomain" xml:lang="en-US">Equity Component [Domain]</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="lab_CommonStockMember" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CommonStockMember" xml:lang="en-US">Common Stock</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="lab_PreferredStockMember" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PreferredStockMember" xml:lang="en-US">Preferred Stock</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="lab_AdditionalPaidInCapitalMember" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AdditionalPaidInCapitalMember" xml:lang="en-US">Additional Paid-in Capital</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="lab_AccumulatedOtherComprehensiveIncomeMember" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AccumulatedOtherComprehensiveIncomeMember" xml:lang="en-US">Accumulated Other Comprehensive Loss</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:label="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDistributionsInExcessOfNetIncomeMember" xlink:to="lab_AccumulatedDistributionsInExcessOfNetIncomeMember" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_AccumulatedDistributionsInExcessOfNetIncomeMember" xml:lang="en-US">Distributions in Excess of Earnings</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ParentMember" xlink:label="us-gaap_ParentMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ParentMember" xlink:to="lab_ParentMember" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ParentMember" xml:lang="en-US">Total Aimco Equity</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="us-gaap_NoncontrollingInterestMember" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncontrollingInterestMember" xlink:to="lab_NoncontrollingInterestMember" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NoncontrollingInterestMember" xml:lang="en-US">Noncontrolling Interests</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="lab_StatementLineItems" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StatementLineItems" xml:lang="en-US">Statement [Line Items]</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="lab_SupplementalCashFlowInformationAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_SupplementalCashFlowInformationAbstract" xml:lang="en-US">Supplemental Cash Flow Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_SupplementalCashFlowInformationAbstract" xml:lang="en-US">SUPPLEMENTAL CASH FLOW INFORMATION:</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NonCashTransactionsAssociatedWithDispositionOfRealEstateAbstract" xlink:label="aiv_NonCashTransactionsAssociatedWithDispositionOfRealEstateAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NonCashTransactionsAssociatedWithDispositionOfRealEstateAbstract" xlink:to="aiv_NonCashTransactionsAssociatedWithDispositionOfRealEstateAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NonCashTransactionsAssociatedWithDispositionOfRealEstateAbstract_lbl" xml:lang="en-US">Non cash transactions associated with the disposition of real estate Abstract</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NonCashTransactionsAssociatedWithDispositionOfRealEstateAbstract_lbl" xml:lang="en-US">Non-cash transactions associated with the disposition of real estate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NonCashTransactionsAssociatedWithDispositionOfRealEstateAbstract_lbl" xml:lang="en-US">Non-cash transactions associated with the disposition of real estate:</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NonCashTransactionsAssociatedWithConsolidationOfRealEstatePartnerships" xlink:label="aiv_NonCashTransactionsAssociatedWithConsolidationOfRealEstatePartnerships" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NonCashTransactionsAssociatedWithConsolidationOfRealEstatePartnerships" xlink:to="aiv_NonCashTransactionsAssociatedWithConsolidationOfRealEstatePartnerships_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NonCashTransactionsAssociatedWithConsolidationOfRealEstatePartnerships_lbl" xml:lang="en-US">Non cash transactions associated with consolidation of real estate partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NonCashTransactionsAssociatedWithConsolidationOfRealEstatePartnerships_lbl" xml:lang="en-US">Non-cash transactions associated with consolidation and deconsolidation of real estate partnerships:</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NonCashTransactionsAssociatedWithConsolidationOfRealEstatePartnerships_lbl" xml:lang="en-US">Non-cash transactions associated with consolidation of real estate partnerships.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RealEstateNet" xlink:label="aiv_RealEstateNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RealEstateNet" xlink:to="aiv_RealEstateNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RealEstateNet_lbl" xml:lang="en-US">Real estate, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RealEstateNet_lbl" xml:lang="en-US">The fair or carrying value of value of real estate (net) recognized or derecognized from the consolidation or deconsolidation of partnerships.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RealEstateNet_lbl" xml:lang="en-US">Real estate, net</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_InvestmentsInAndNotesReceivablePrimarilyFromAffiliatedEntities" xlink:label="aiv_InvestmentsInAndNotesReceivablePrimarilyFromAffiliatedEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_InvestmentsInAndNotesReceivablePrimarilyFromAffiliatedEntities" xlink:to="aiv_InvestmentsInAndNotesReceivablePrimarilyFromAffiliatedEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_InvestmentsInAndNotesReceivablePrimarilyFromAffiliatedEntities_lbl" xml:lang="en-US">Investments in and notes receivable primarily from affiliated entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_InvestmentsInAndNotesReceivablePrimarilyFromAffiliatedEntities_lbl" xml:lang="en-US">The fair or carrying value of value of investments in and notes receivable (primarily from affiliates) recognized or derecognized from the consolidation or deconsolidation of partnerships.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_InvestmentsInAndNotesReceivablePrimarilyFromAffiliatedEntities_lbl" xml:lang="en-US">Investments in and notes receivable primarily from affiliated entities</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RestrictedCashAndOtherAssets" xlink:label="aiv_RestrictedCashAndOtherAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RestrictedCashAndOtherAssets" xlink:to="aiv_RestrictedCashAndOtherAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RestrictedCashAndOtherAssets_lbl" xml:lang="en-US">Restricted cash and other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RestrictedCashAndOtherAssets_lbl" xml:lang="en-US">The fair or carrying value of value of restricted cash and other assets recognized or derecognized from the consolidation or deconsolidation of partnerships.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RestrictedCashAndOtherAssets_lbl" xml:lang="en-US">Restricted cash and other assets</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_AccountsPayableAccruedAndOtherLiabilities" xlink:label="aiv_AccountsPayableAccruedAndOtherLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_AccountsPayableAccruedAndOtherLiabilities" xlink:to="aiv_AccountsPayableAccruedAndOtherLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_AccountsPayableAccruedAndOtherLiabilities_lbl" xml:lang="en-US">Accounts payable, accrued and other liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_AccountsPayableAccruedAndOtherLiabilities_lbl" xml:lang="en-US">The fair or carrying value of value of accounts payable, accrued and other liabilities recognized or derecognized from the consolidation or deconsolidation of partnerships.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_AccountsPayableAccruedAndOtherLiabilities_lbl" xml:lang="en-US">Accounts payable, accrued and other liabilities</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_OtherNoncashInvestingAndFinancingItemsAbstract" xlink:label="us-gaap_OtherNoncashInvestingAndFinancingItemsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNoncashInvestingAndFinancingItemsAbstract" xlink:to="lab_OtherNoncashInvestingAndFinancingItemsAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_OtherNoncashInvestingAndFinancingItemsAbstract" xml:lang="en-US">Other Noncash Investing and Financing Items [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_OtherNoncashInvestingAndFinancingItemsAbstract" xml:lang="en-US">Other non-cash transactions:</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_OriginationOfNotesReceivableFromOfficersForStockPurchasesNet" xlink:label="aiv_OriginationOfNotesReceivableFromOfficersForStockPurchasesNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_OriginationOfNotesReceivableFromOfficersForStockPurchasesNet" xlink:to="aiv_OriginationOfNotesReceivableFromOfficersForStockPurchasesNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_OriginationOfNotesReceivableFromOfficersForStockPurchasesNet_lbl" xml:lang="en-US">Origination Of Notes Receivable From Officers For Stock Purchases Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_OriginationOfNotesReceivableFromOfficersForStockPurchasesNet_lbl" xml:lang="en-US">Cancellation of notes receivable from officers for Class A Common Stock purchases</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_OriginationOfNotesReceivableFromOfficersForStockPurchasesNet_lbl" xml:lang="en-US">origination of notes receivable from officers for stock purchases.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RealEstateAndPartnershipAcquisitionsAndOtherSignificantTransactionsAbstract" xlink:label="aiv_RealEstateAndPartnershipAcquisitionsAndOtherSignificantTransactionsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RealEstateAndPartnershipAcquisitionsAndOtherSignificantTransactionsAbstract" xlink:to="aiv_RealEstateAndPartnershipAcquisitionsAndOtherSignificantTransactionsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RealEstateAndPartnershipAcquisitionsAndOtherSignificantTransactionsAbstract_lbl" xml:lang="en-US">Real Estate and Partnership Acquisitions and Other Significant Transactions [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RealEstateAndPartnershipAcquisitionsAndOtherSignificantTransactionsAbstract_lbl" xml:lang="en-US">Real Estate and Partnership Acquisitions and Other Significant Transactions.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_InvestmentsInUnconsolidatedRealEstatePartnershipsAbstract" xlink:label="aiv_InvestmentsInUnconsolidatedRealEstatePartnershipsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_InvestmentsInUnconsolidatedRealEstatePartnershipsAbstract" xlink:to="aiv_InvestmentsInUnconsolidatedRealEstatePartnershipsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_InvestmentsInUnconsolidatedRealEstatePartnershipsAbstract_lbl" xml:lang="en-US">Investments in Unconsolidated Real Estate Partnerships [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_InvestmentsInUnconsolidatedRealEstatePartnershipsAbstract_lbl" xml:lang="en-US">Investments in Unconsolidated Real Estate Partnerships.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_IncomeTaxExpenseBenefitAbstract" xlink:label="us-gaap_IncomeTaxExpenseBenefitAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefitAbstract" xlink:to="lab_IncomeTaxExpenseBenefitAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_IncomeTaxExpenseBenefitAbstract" xml:lang="en-US">Income Taxes [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="lab_IncomeTaxDisclosureTextBlock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_IncomeTaxDisclosureTextBlock" xml:lang="en-US">Income Tax Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_IncomeTaxDisclosureTextBlock" xml:lang="en-US">Income Taxes</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_LineOfCreditFacilityAbstract" xlink:label="us-gaap_LineOfCreditFacilityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityAbstract" xlink:to="lab_LineOfCreditFacilityAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_LineOfCreditFacilityAbstract" xml:lang="en-US">Credit Agreement and Term Loan [Abstract]</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipAbstract" xlink:label="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipAbstract" xlink:to="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipAbstract_lbl" xml:lang="en-US">Transactions Involving Noncontrolling Interests In Companys Operating Partnership [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipAbstract_lbl" xml:lang="en-US">Transactions Involving Noncontrolling Interests in Aimco Operating Partnership [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipAbstract_lbl" xml:lang="en-US">Transactions Involving Noncontrolling Interests in Aimco Operating Partnership.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipTextBlock" xlink:label="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipTextBlock" xlink:to="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipTextBlock_lbl" xml:lang="en-US">Transactions Involving Noncontrolling Interests in Companys Operating Partnership Text Block</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipTextBlock_lbl" xml:lang="en-US">Transactions Involving Noncontrolling Interests in Aimco Operating Partnership.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_TransactionsInvolvingNoncontrollingInterestsInCompanysOperatingPartnershipTextBlock_lbl" xml:lang="en-US">Transactions Involving Noncontrolling Interests in Aimco Operating Partnership</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockholdersEquityNoteDisclosureTextBlock" xml:lang="en-US">Stockholders' Equity Note Disclosure [Text Block]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockholdersEquityNoteAbstract" xml:lang="en-US">Aimco Equity [Abstract]</label>
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    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock" xlink:label="us-gaap_BusinessCombinationDisclosureTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationDisclosureTextBlock" xlink:to="lab_BusinessCombinationDisclosureTextBlock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_BusinessCombinationDisclosureTextBlock" xml:lang="en-US">Business Combination Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_BusinessCombinationDisclosureTextBlock" xml:lang="en-US">Real Estate and Partnership Acquisitions and Other Significant Transactions</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_RelatedPartyTransactionsDisclosureTextBlock" xml:lang="en-US">Transactions with Affiliates</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xlink:label="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xlink:to="lab_RelatedPartyTransactionDueFromToRelatedPartyAbstract" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_RelatedPartyTransactionDueFromToRelatedPartyAbstract" xml:lang="en-US">Transactions with Affiliates [Abstract]</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_ShareBasedCompensationAndEmployeeBenefitPlansTextBlock" xlink:label="aiv_ShareBasedCompensationAndEmployeeBenefitPlansTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_ShareBasedCompensationAndEmployeeBenefitPlansTextBlock" xlink:to="aiv_ShareBasedCompensationAndEmployeeBenefitPlansTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_ShareBasedCompensationAndEmployeeBenefitPlansTextBlock_lbl" xml:lang="en-US">Share Based Compensation And Employee Benefit Plans Text Block</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_ShareBasedCompensationAndEmployeeBenefitPlansTextBlock_lbl" xml:lang="en-US">Share-Based Compensation and Employee Benefit Plans</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_ShareBasedCompensationAndEmployeeBenefitPlansTextBlock_lbl" xml:lang="en-US">Share based compensation and employee benefit plans.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsValue" xlink:label="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsValue" xlink:to="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsValue_lbl" xml:lang="en-US">Repurchases Of Common Stock And Common Partnership Units Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsValue_lbl" xml:lang="en-US">Repurchases of Common Stock and common partnership units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RepurchasesOfCommonStockAndCommonPartnershipUnitsValue_lbl" xml:lang="en-US">Repurchases of common stock and common partnership units value.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:label="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xlink:to="lab_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xml:lang="en-US">Proceeds from Issuance of Preferred Stock and Preference Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ProceedsFromIssuanceOfPreferredStockAndPreferenceStock" xml:lang="en-US">Proceeds from issuance of preferred stock</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:label="us-gaap_ProceedsFromIssuanceOfCommonStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromIssuanceOfCommonStock" xlink:to="lab_ProceedsFromIssuanceOfCommonStock" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProceedsFromIssuanceOfCommonStock" xml:lang="en-US">Proceeds from Issuance of Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ProceedsFromIssuanceOfCommonStock" xml:lang="en-US">Proceeds from issuance of Common Stock</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NetIncreaseInCashFromConsolidationAndDeconsolidationOfEntities" xlink:label="aiv_NetIncreaseInCashFromConsolidationAndDeconsolidationOfEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NetIncreaseInCashFromConsolidationAndDeconsolidationOfEntities" xlink:to="aiv_NetIncreaseInCashFromConsolidationAndDeconsolidationOfEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NetIncreaseInCashFromConsolidationAndDeconsolidationOfEntities_lbl" xml:lang="en-US">Net Increase In Cash From Consolidation And Deconsolidation Of Entities</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="aiv_NetIncreaseInCashFromConsolidationAndDeconsolidationOfEntities_lbl" xml:lang="en-US">Net increase in cash from consolidation and deconsolidation of entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NetIncreaseInCashFromConsolidationAndDeconsolidationOfEntities_lbl" xml:lang="en-US">Net increase in cash from consolidation and deconsolidation of entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NetIncreaseInCashFromConsolidationAndDeconsolidationOfEntities_lbl" xml:lang="en-US">Net increase in cash from consolidation and deconsolidation of entities.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsAbstract" xlink:label="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsAbstract" xlink:to="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsAbstract_lbl" xml:lang="en-US">Non- Recourse Property Tax-Exempt Bond Financings-Non Recourse Property Loans Payable and Other Borrowings [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsAbstract_lbl" xml:lang="en-US">Non-recourse property tax-Exempt bond financings, non-recourse Property loans payable and other borrowings.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsTextBlock" xlink:label="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsTextBlock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsTextBlock" xlink:to="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsTextBlock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsTextBlock_lbl" xml:lang="en-US">Non Recourse Property Tax Exempt Bond Financings Non Recourse Property Loans Payable and Other Borrowings Text Block</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsTextBlock_lbl" xml:lang="en-US">Non recourse  property tax exempt bond financings non recourse property loans payable and other borrowings.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NonRecoursePropertyTaxExemptBondFinancingsNonRecoursePropertyLoansPayableAndOtherBorrowingsTextBlock_lbl" xml:lang="en-US">Non-Recourse Property Tax-Exempt Bond Financings, Non-Recourse Property Loans Payable and Other Borrowings</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NoncontrollingInterestsInConsolidatedRealEstatePartnerships" xlink:label="aiv_NoncontrollingInterestsInConsolidatedRealEstatePartnerships" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NoncontrollingInterestsInConsolidatedRealEstatePartnerships" xlink:to="aiv_NoncontrollingInterestsInConsolidatedRealEstatePartnerships_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NoncontrollingInterestsInConsolidatedRealEstatePartnerships_lbl" xml:lang="en-US">Noncontrolling interests in consolidated real estate partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NoncontrollingInterestsInConsolidatedRealEstatePartnerships_lbl" xml:lang="en-US">The fair or carrying value of value of noncontrolling interests in consolidated real estate partnerships recognized or derecognized from the consolidation or deconsolidation of partnerships.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NoncontrollingInterestsInConsolidatedRealEstatePartnerships_lbl" xml:lang="en-US">Noncontrolling interests in consolidated real estate partnerships</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_IssuanceOfCommonOpUnitsForAcquisitionOfNoncontrollingInterestsInConsolidatedRealEstatePartnershipsNoteThree" xlink:label="aiv_IssuanceOfCommonOpUnitsForAcquisitionOfNoncontrollingInterestsInConsolidatedRealEstatePartnershipsNoteThree" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_IssuanceOfCommonOpUnitsForAcquisitionOfNoncontrollingInterestsInConsolidatedRealEstatePartnershipsNoteThree" xlink:to="aiv_IssuanceOfCommonOpUnitsForAcquisitionOfNoncontrollingInterestsInConsolidatedRealEstatePartnershipsNoteThree_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_IssuanceOfCommonOpUnitsForAcquisitionOfNoncontrollingInterestsInConsolidatedRealEstatePartnershipsNoteThree_lbl" xml:lang="en-US">Issuance Of Common Op Units For Acquisition Of Noncontrolling Interests In Consolidated Real Estate Partnerships Note three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_IssuanceOfCommonOpUnitsForAcquisitionOfNoncontrollingInterestsInConsolidatedRealEstatePartnershipsNoteThree_lbl" xml:lang="en-US">Issuance of common OP Units for acquisition of noncontrolling interests in consolidated real estate partnerships (Note 3).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_IssuanceOfCommonOpUnitsForAcquisitionOfNoncontrollingInterestsInConsolidatedRealEstatePartnershipsNoteThree_lbl" xml:lang="en-US">Issuance of common OP Units for acquisition of noncontrolling interests in consolidated real estate partnerships (Note 3)</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodShares" xlink:to="lab_StockRepurchasedDuringPeriodShares" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockRepurchasedDuringPeriodShares" xml:lang="en-US">Stock Repurchased During Period, Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_StockRepurchasedDuringPeriodShares" xml:lang="en-US">Repurchase of Preferred Stock, shares</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_OperatingPartnershipUnitsIssuedInExchangeForNonControllingInterestsInConsolidatedRealEstatePartnerships" xlink:label="aiv_OperatingPartnershipUnitsIssuedInExchangeForNonControllingInterestsInConsolidatedRealEstatePartnerships" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_OperatingPartnershipUnitsIssuedInExchangeForNonControllingInterestsInConsolidatedRealEstatePartnerships" xlink:to="aiv_OperatingPartnershipUnitsIssuedInExchangeForNonControllingInterestsInConsolidatedRealEstatePartnerships_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_OperatingPartnershipUnitsIssuedInExchangeForNonControllingInterestsInConsolidatedRealEstatePartnerships_lbl" xml:lang="en-US">Operating Partnership Units Issued In Exchange For Non Controlling Interests In Consolidated Real Estate Partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_OperatingPartnershipUnitsIssuedInExchangeForNonControllingInterestsInConsolidatedRealEstatePartnerships_lbl" xml:lang="en-US">Aimco Operating Partnership Units Issued In Exchange For Non Controlling Interests In Consolidated Real Estate Partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_OperatingPartnershipUnitsIssuedInExchangeForNonControllingInterestsInConsolidatedRealEstatePartnerships_lbl" xml:lang="en-US">Aimco Operating Partnership Units Issued In Exchange For Non Controlling Interests In Consolidated Real Estate Partnerships.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_EffectOfChangesInOwnershipForConsolidatedEntities" xlink:label="aiv_EffectOfChangesInOwnershipForConsolidatedEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_EffectOfChangesInOwnershipForConsolidatedEntities" xlink:to="aiv_EffectOfChangesInOwnershipForConsolidatedEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_EffectOfChangesInOwnershipForConsolidatedEntities_lbl" xml:lang="en-US">Effect Of Changes In Ownership For Consolidated Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_EffectOfChangesInOwnershipForConsolidatedEntities_lbl" xml:lang="en-US">Effect of changes in ownership for consolidated entities (Note 3)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_EffectOfChangesInOwnershipForConsolidatedEntities_lbl" xml:lang="en-US">Adjustment to additional paid-in capital resulting from acquisition of noncontrolling interests in consolidated partnerships.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StockholdersEquityOther" xlink:label="us-gaap_StockholdersEquityOther" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityOther" xlink:to="lab_StockholdersEquityOther" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockholdersEquityOther" xml:lang="en-US">Stockholders' Equity, Other</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_StockholdersEquityOther" xml:lang="en-US">Other, net</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_StockholdersEquityOtherNet" xlink:label="aiv_StockholdersEquityOtherNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_StockholdersEquityOtherNet" xlink:to="aiv_StockholdersEquityOtherNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_StockholdersEquityOtherNet_lbl" xml:lang="en-US">Stockholders Equity Other Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_StockholdersEquityOtherNet_lbl" xml:lang="en-US">Other, net shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_StockholdersEquityOtherNet_lbl" xml:lang="en-US">Stockholders Equity Other Net.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_CumulativeEffectOfInitialAdoptionOfNewAccountingPrinciple" xlink:label="us-gaap_CumulativeEffectOfInitialAdoptionOfNewAccountingPrinciple" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_CumulativeEffectOfInitialAdoptionOfNewAccountingPrinciple" xml:lang="en-US">Cumulative Effect of Initial Adoption of New Accounting Principle</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_CumulativeEffectOfInitialAdoptionOfNewAccountingPrinciple" xml:lang="en-US">Cumulative effect of a change in accounting principle (Note 2)</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_PreferredStockIssuedDuringPeriodShares" xlink:label="aiv_PreferredStockIssuedDuringPeriodShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_PreferredStockIssuedDuringPeriodShares" xlink:to="aiv_PreferredStockIssuedDuringPeriodShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_PreferredStockIssuedDuringPeriodShares_lbl" xml:lang="en-US">Preferred Stock Issued During Period shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_PreferredStockIssuedDuringPeriodShares_lbl" xml:lang="en-US">Issuance of Preferred Stock, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_PreferredStockIssuedDuringPeriodShares_lbl" xml:lang="en-US">Preferred Stock Issued During Period Shares.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_PreferredStockIssuedDuringPeriodValue" xlink:label="aiv_PreferredStockIssuedDuringPeriodValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_PreferredStockIssuedDuringPeriodValue" xlink:to="aiv_PreferredStockIssuedDuringPeriodValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_PreferredStockIssuedDuringPeriodValue_lbl" xml:lang="en-US">Preferred Stock Issued During Period Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_PreferredStockIssuedDuringPeriodValue_lbl" xml:lang="en-US">Issuance of Preferred Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_PreferredStockIssuedDuringPeriodValue_lbl" xml:lang="en-US">Preferred Stock Issued During Period Value.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStock" xlink:label="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStock" xlink:to="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStock_lbl" xml:lang="en-US">Redemption of Operating Partnership units in exchange for cash or shares of Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStock_lbl" xml:lang="en-US">Redemption of Aimco Operating Partnership units in exchange for cash or shares of Aimco Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStock_lbl" xml:lang="en-US">Operating partnership units redeemed in exchange for cash or shares of Aimco Common Stock.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStockShares" xlink:label="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStockShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStockShares" xlink:to="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStockShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStockShares_lbl" xml:lang="en-US">Redemption Of Operating Partnership Units In Exchange For Cash Or Shares Of Common Stock Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStockShares_lbl" xml:lang="en-US">Redemption of Aimco Operating Partnership units in exchange for cash or shares of Aimco Common Stock, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RedemptionOfOperatingPartnershipUnitsInExchangeForCashOrSharesOfCommonStockShares_lbl" xml:lang="en-US">Operating partnership units redeemed in exchange for cash or shares of Aimco Common Stock, shares.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockDividend" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockDividend" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueStockDividend" xlink:to="lab_StockIssuedDuringPeriodValueStockDividend" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockIssuedDuringPeriodValueStockDividend" xml:lang="en-US">Stock Issued During Period, Value, Stock Dividend</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_StockIssuedDuringPeriodValueStockDividend" xml:lang="en-US">Common Stock issued pursuant to Special Dividends</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockDividend" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockDividend" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockDividend" xlink:to="lab_StockIssuedDuringPeriodSharesStockDividend" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_StockIssuedDuringPeriodSharesStockDividend" xml:lang="en-US">Stock Issued During Period, Shares, Stock Dividend</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_StockIssuedDuringPeriodSharesStockDividend" xml:lang="en-US">Common Stock issued pursuant to Special Dividends, shares</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_ReclassificationOfPreferredStockToTemporaryEquity" xlink:label="aiv_ReclassificationOfPreferredStockToTemporaryEquity" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_ReclassificationOfPreferredStockToTemporaryEquity" xlink:to="aiv_ReclassificationOfPreferredStockToTemporaryEquity_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_ReclassificationOfPreferredStockToTemporaryEquity_lbl" xml:lang="en-US">Reclassification Of Preferred Stock To Temporary Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_ReclassificationOfPreferredStockToTemporaryEquity_lbl" xml:lang="en-US">Reclassification of preferred stock to temporary equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_ReclassificationOfPreferredStockToTemporaryEquity_lbl" xml:lang="en-US">Value of stock reclassified from permanent equity to temporary equity as a result of a change in redemption terms or other arrangements during the period.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xlink:to="lab_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xml:lang="en-US">Other Comprehensive Income, Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax" xml:lang="en-US">Change in accumulated other comprehensive loss</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NoncontrollingInterestsAdjustmentsFromConsolidationOfEntities" xlink:label="aiv_NoncontrollingInterestsAdjustmentsFromConsolidationOfEntities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NoncontrollingInterestsAdjustmentsFromConsolidationOfEntities" xlink:to="aiv_NoncontrollingInterestsAdjustmentsFromConsolidationOfEntities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NoncontrollingInterestsAdjustmentsFromConsolidationOfEntities_lbl" xml:lang="en-US">Noncontrolling Interests Adjustments From Consolidation Of Entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NoncontrollingInterestsAdjustmentsFromConsolidationOfEntities_lbl" xml:lang="en-US">Adjustment to noncontrolling interests from consolidation of entities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NoncontrollingInterestsAdjustmentsFromConsolidationOfEntities_lbl" xml:lang="en-US">Adjustment to noncontrolling interests from consolidation of entities.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NoncontrollingInterestsAdjustmentsFromRevisionOfInvestmentBalances" xlink:label="aiv_NoncontrollingInterestsAdjustmentsFromRevisionOfInvestmentBalances" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NoncontrollingInterestsAdjustmentsFromRevisionOfInvestmentBalances" xlink:to="aiv_NoncontrollingInterestsAdjustmentsFromRevisionOfInvestmentBalances_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NoncontrollingInterestsAdjustmentsFromRevisionOfInvestmentBalances_lbl" xml:lang="en-US">Noncontrolling Interests Adjustments From Revision Of Investment Balances</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NoncontrollingInterestsAdjustmentsFromRevisionOfInvestmentBalances_lbl" xml:lang="en-US">Adjustment to noncontrolling interests related to revision of investment balances (Note 2)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NoncontrollingInterestsAdjustmentsFromRevisionOfInvestmentBalances_lbl" xml:lang="en-US">Noncontrolling Interests Adjustments from revision of investment balances.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_ProceedsFromSaleOfInterestsAndDstributionsFromRealEstatePartnerships" xlink:label="aiv_ProceedsFromSaleOfInterestsAndDstributionsFromRealEstatePartnerships" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_ProceedsFromSaleOfInterestsAndDstributionsFromRealEstatePartnerships" xlink:to="aiv_ProceedsFromSaleOfInterestsAndDstributionsFromRealEstatePartnerships_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_ProceedsFromSaleOfInterestsAndDstributionsFromRealEstatePartnerships_lbl" xml:lang="en-US">Proceeds from Sale of Interests and Distributions from Real Estate Partnerships</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="aiv_ProceedsFromSaleOfInterestsAndDstributionsFromRealEstatePartnerships_lbl" xml:lang="en-US">Proceeds from sale of interests and distributions from real estate partnerships</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_ProceedsFromSaleOfInterestsAndDstributionsFromRealEstatePartnerships_lbl" xml:lang="en-US">Proceeds from sale of interests and distributions from real estate partnerships.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NonRecourseDebt" xlink:label="aiv_NonRecourseDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_NonRecourseDebt" xlink:to="aiv_NonRecourseDebt_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NonRecourseDebt_lbl" xml:lang="en-US">Non-recourse debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NonRecourseDebt_lbl" xml:lang="en-US">The fair or carrying value of value of non-recourse debt recognized or derecognized from the consolidation or deconsolidation of partnerships.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NonRecourseDebt_lbl" xml:lang="en-US">Non-recourse debt</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_RedemptionOfCommonOPUnitsForClassCommonStock" xlink:label="aiv_RedemptionOfCommonOPUnitsForClassCommonStock" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_RedemptionOfCommonOPUnitsForClassCommonStock" xlink:to="aiv_RedemptionOfCommonOPUnitsForClassCommonStock_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_RedemptionOfCommonOPUnitsForClassCommonStock_lbl" xml:lang="en-US">Redemption Of Common O P Units For Class Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_RedemptionOfCommonOPUnitsForClassCommonStock_lbl" xml:lang="en-US">Redemption of common OP Units for Class A Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_RedemptionOfCommonOPUnitsForClassCommonStock_lbl" xml:lang="en-US">The value of shares of common stock exchanged for common OP Units.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:label="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xlink:to="lab_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xml:lang="en-US">Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders" xml:lang="en-US">Distributions to noncontrolling Interests</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_ProceedsFromRepaymentsOfOtherDebt" xlink:label="us-gaap_ProceedsFromRepaymentsOfOtherDebt" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromRepaymentsOfOtherDebt" xlink:to="lab_ProceedsFromRepaymentsOfOtherDebt" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_ProceedsFromRepaymentsOfOtherDebt" xml:lang="en-US">Proceeds from (Repayments of) Other Debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ProceedsFromRepaymentsOfOtherDebt" xml:lang="en-US">Proceeds from (Repayments of) Other Debt, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_ProceedsFromRepaymentsOfOtherDebt" xml:lang="en-US">(Payments on) proceeds from other borrowings</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_DepreciationNonproduction" xlink:label="us-gaap_DepreciationNonproduction" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationNonproduction" xlink:to="lab_DepreciationNonproduction" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_DepreciationNonproduction" xml:lang="en-US">Depreciation, Nonproduction</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_DepreciationNonproduction" xml:lang="en-US">Depreciation and amortization</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_PaymentsToAcquireResidentialRealEstate" xlink:label="us-gaap_PaymentsToAcquireResidentialRealEstate" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireResidentialRealEstate" xlink:to="lab_PaymentsToAcquireResidentialRealEstate" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_PaymentsToAcquireResidentialRealEstate" xml:lang="en-US">Payments to Acquire Residential Real Estate</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="lab_PaymentsToAcquireResidentialRealEstate" xml:lang="en-US">Purchase of real estate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_PaymentsToAcquireResidentialRealEstate" xml:lang="en-US">Purchase of real estate</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_DepreciationAndAmortizationDiscontinuedOperations" xlink:label="aiv_DepreciationAndAmortizationDiscontinuedOperations" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_DepreciationAndAmortizationDiscontinuedOperations" xlink:to="aiv_DepreciationAndAmortizationDiscontinuedOperations_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_DepreciationAndAmortizationDiscontinuedOperations_lbl" xml:lang="en-US">Depreciation And Amortization Discontinued Operations</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_DepreciationAndAmortizationDiscontinuedOperations_lbl" xml:lang="en-US">Depreciation and amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_DepreciationAndAmortizationDiscontinuedOperations_lbl" xml:lang="en-US">Depreciation and amortization discontinued operations.</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_NetIncomeLossIncludingPortionAttributableToNonControllingInterestsIncludedInPermanentEquityExcludingPortionAttributableToNonControllingInterestsIncludedInTemporaryEquity" xlink:label="aiv_NetIncomeLossIncludingPortionAttributableToNonControllingInterestsIncludedInPermanentEquityExcludingPortionAttributableToNonControllingInterestsIncludedInTemporaryEquity" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_NetIncomeLossIncludingPortionAttributableToNonControllingInterestsIncludedInPermanentEquityExcludingPortionAttributableToNonControllingInterestsIncludedInTemporaryEquity_lbl" xml:lang="en-US">Net Income Loss Including Portion Attributable To Non Controlling Interests Included In Permanent Equity Excluding Portion Attributable To Non Controlling Interests Included In Temporary Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aiv_NetIncomeLossIncludingPortionAttributableToNonControllingInterestsIncludedInPermanentEquityExcludingPortionAttributableToNonControllingInterestsIncludedInTemporaryEquity_lbl" xml:lang="en-US">Net income (loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_NetIncomeLossIncludingPortionAttributableToNonControllingInterestsIncludedInPermanentEquityExcludingPortionAttributableToNonControllingInterestsIncludedInTemporaryEquity_lbl" xml:lang="en-US">The consolidated profit or loss for the period, net of income taxes, including the portion attributable to noncontrolling interests classified within permanent equity and excluding the portion of net income attributable to noncontrolling interests classified within temporary equity.</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NotesReduction" xlink:label="us-gaap_NotesReduction" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_NotesReduction" xml:lang="en-US">Secured debt assumed in connection with the disposition of real estate</label>
    <loc xlink:type="locator" xlink:href="http://taxonomies.xbrl.us/us-gaap/2009/elts/us-gaap-2009-01-31.xsd#us-gaap_NotesIssued" xlink:label="us-gaap_NotesIssued" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_NotesIssued" xml:lang="en-US">Notes Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="lab_NotesIssued" xml:lang="en-US">Issuance of notes receivable connection with the disposition of real estate</label>
    <loc xlink:type="locator" xlink:href="aiv-20101231.xsd#aiv_PurchasesOfPartnershipInterestsAndOtherAssets" xlink:label="aiv_PurchasesOfPartnershipInterestsAndOtherAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aiv_PurchasesOfPartnershipInterestsAndOtherAssets" xlink:to="aiv_PurchasesOfPartnershipInterestsAndOtherAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aiv_PurchasesOfPartnershipInterestsAndOtherAssets_lbl" xml:lang="en-US">Purchases of Partnership Interests and Other Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aiv_PurchasesOfPartnershipInterestsAndOtherAssets_lbl" xml:lang="en-US">Purchases of partnership interest and other assets.</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="aiv_PurchasesOfPartnershipInterestsAndOtherAssets_lbl" xml:lang="en-US">Purchases of partnership interests and other assets</label>
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