Real Estate Dispositions (Tables)

6 Months Ended

Jun. 30, 2011

Real Estate Dispositions (Tables) [Abstract]

Amounts classified as held for sale in consolidated balance sheets

	June 30,		December 31,
	2011		2010
Real estate, net	$	23,137	$	146,805
Other assets		576		2,071
Assets held for sale	$	23,713	$	148,876
Property debt	$	23,951	$	112,034
Other liabilities		226		1,255
Liabilities related to assets held for sale	$	24,177	$	113,289

Components of income from discontinued operations including portions attributable to Aimco and noncontrolling interests

The following is a summary of the components of income from discontinued operations and the related amounts of income from discontinued operations attributable to Aimco and to noncontrolling interests for the three and six months ended June 30, 2011 and 2010 (in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Rental and other property revenues	$	4,019		$	21,695		$	11,538		$	47,639
Property operating expenses		(2,169	)		(9,590	)		(6,288	)		(25,910	)
Depreciation and amortization		(1,647	)		(6,311	)		(4,065	)		(12,839	)
Provision for operating real estate impairment losses		(2,452	)		(895	)		(6,307	)		(8,121	)
Operating (loss) income		(2,249	)		4,899			(5,122	)		769
Interest income		262			101			314			183
Interest expense		(1,009	)		(3,881	)		(2,602	)		(8,308	)
(Loss) income before gain on dispositions of real estate and income tax		(2,996	)		1,119			(7,410	)		(7,356	)
Gain on dispositions of real estate		19,716			26,982			27,434			53,321
Income tax (expense) benefit		(251	)		(5	)		(421	)		1,063
Income from discontinued operations, net	$	16,469		$	28,096		$	19,603		$	47,028
(Income) loss from discontinued operations attributable to:
Noncontrolling interests in consolidated real estate partnerships	$	(7,196	)	$	(6,383	)	$	(5,943	)	$	(16,241	)
Noncontrolling interests in Aimco Operating Partnership		(653	)		(1,455	)		(945	)		(2,064	)
Total noncontrolling interests		(7,849	)		(7,838	)		(6,888	)		(18,305	)
Income from discontinued operations attributable to Aimco	$	8,620		$	20,258		$	12,715		$	28,723