CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 10,112	$ 21,434
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		23,118	20,717
Income from unconsolidated real estate partnerships		(8,237)	(7,467)
Unrealized gains on interest rate options		(18,778)	(25,347)
Income tax benefit		(4,056)	(5,100)
Amortization of debt issuance costs and other		814	238
Mezzanine investment income, net		(8,237)	(7,467)
Share based compensation		2,667	704
Changes in operating assets and operating liabilities:
Other assets		6,752	(19,231)
Accrued liabilities and other		(5,625)	16,631
Total adjustments		(3,601)	(19,110)
Net cash provided by operating activities		6,511	2,324
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of real estate		(47,492)	(6,230)
Capital expenditures	[1]	(49,656)	(31,658)
Investment in IQHQ		(14,227)
Other investing activities		(73)	(49)
Net cash used in investing activities		(111,448)	(37,937)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from non-recourse property debt		40,000
Proceeds from construction loans		15,625
Principal repayments on non-recourse property debt		(2,101)	(18,174)
Purchase of interest rate options			(5,590)
Payments on finance leases		(24,516)	(3,699)
Common stock repurchased		(1,317)
Contributions from noncontrolling interests in consolidated real estate partnerships		9,718
Contributions from redeemable noncontrolling interests in consolidated real estate partnerships		6,879
Redemption of redeemable noncontrolling interests in consolidated real estate partnerships		(5,094)
Other financing activities		(1,216)	(354)
Net cash provided by (used in) financing activities		37,978	(27,817)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		(66,959)	(63,430)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD		244,582	298,735
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD		177,623	235,305
Aimco OP L.P. [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		10,112	21,434
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		23,118	20,717
Income from unconsolidated real estate partnerships		(8,237)	(7,467)
Unrealized gains on interest rate options		(18,778)	(25,347)
Income tax benefit		(4,056)	(5,100)
Amortization of debt issuance costs and other		814	238
Mezzanine investment income, net		(8,237)	(7,467)
Share based compensation		2,667	704
Changes in operating assets and operating liabilities:
Other assets		6,752	(19,231)
Accrued liabilities and other		(5,625)	16,631
Total adjustments		(3,601)	(19,110)
Net cash provided by operating activities		6,511	2,324
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of real estate		(47,492)	(6,230)
Capital expenditures	[2]	(49,656)	(31,658)
Investment in IQHQ		(14,227)
Other investing activities		(73)	(49)
Net cash used in investing activities		(111,448)	(37,937)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from non-recourse property debt		40,000
Proceeds from construction loans		15,625
Principal repayments on non-recourse property debt		(2,101)	(18,174)
Purchase of interest rate options			(5,590)
Payments on finance leases		(24,516)	(3,699)
Common stock repurchased		(1,317)
Contributions from noncontrolling interests in consolidated real estate partnerships		9,718
Contributions from redeemable noncontrolling interests in consolidated real estate partnerships		6,879
Redemption of redeemable noncontrolling interests in consolidated real estate partnerships		(5,094)
Other financing activities		(1,216)	(354)
Net cash provided by (used in) financing activities		37,978	(27,817)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		(66,959)	(63,430)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD		244,582	298,735
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD		177,623	235,305
Unconsolidated Real Estate Partnerships [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Income from unconsolidated real estate partnerships		(256)	(255)
Unconsolidated Real Estate Partnerships [Member] | Aimco OP L.P. [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Income from unconsolidated real estate partnerships		$ (256)	$ (255)

[1] Capital expenditures net of accrued capital costs of $40.4 million and $16.1 million for the three months ended March 31, 2022 and 2021, respectively.

[2] Capital expenditures net of accrued capital costs of $40.4 million and $16.1 million for the three months ended March 31, 2022 and 2021, respectively.