CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		$ 263,323	$ 1,048
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		57,981	41,356
Income from unconsolidated real estate partnerships		(16,567)	(15,018)
Unrealized gains on interest rate options		(30,760)	(8,377)
Income tax expenses (benefit)		41,901	(7,860)
Amortization of debt issuance costs and other		1,421	609
Mezzanine investment income, net		(16,567)	(15,018)
Realized gain on interest rate option		(8,036)
Loss on extinguishment of debt, net		27,482
Lease modification income		(205,387)
Gain on equity investment redemption		(5,658)
Gain on disposition of real estate		(94,465)
Share based compensation		4,513	1,814
Changes in operating assets and operating liabilities:
Other assets, net		(14,437)	(11,160)
Net cash received from lease incentive		7,895
Accrued liabilities and other		(3,528)	14,562
Total adjustments		(237,945)	15,418
Net cash provided by operating activities		25,378	16,466
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of real estate		(100,758)	(18,215)
Capital expenditures	[1]	(124,813)	(82,352)
Proceeds from disposition of real estate		126,769
Investment in IQHQ		(14,227)
Investment in unconsolidated real estate partnerships		(12,244)
Other investing activities		(116)	(1,484)
Net cash used in investing activities		(125,389)	(102,051)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from non-recourse property debt		614,720
Proceeds from construction loans		33,607	120,123
Payments of deferred loan costs		(6,620)	(6,178)
Principal repayments on non-recourse property debt		(283,826)	(20,331)
Principal repayments on notes payable to AIR		(387,088)
Purchase of interest rate options		(451)	(5,772)
Proceeds from interest rate option		13,660
Payments on finance leases		(25,366)	(5,133)
Payments of prepayment premiums		(21,395)
Common stock repurchased		(4,419)
Redemption of noncontrolling interest in real estate partnership		(7,244)
Distributions to noncontrolling interests in real estate partnerships		(605)
Contributions from noncontrolling interests in consolidated real estate partnerships		9,718
Contributions from redeemable noncontrolling interests in consolidated real estate partnerships		20,392
Redemption of common and preferred OP units		(133)
Redemption of redeemable noncontrolling interests in consolidated real estate partnerships		(5,094)
Other financing activities		(118)	(626)
Net cash provided by (used in) financing activities		(50,262)	82,083
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		(150,273)	(3,502)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD		244,582	298,735
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD		94,309	295,233
Aimco OP L.P. [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income		263,323	1,048
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		57,981	41,356
Income from unconsolidated real estate partnerships		(16,567)	(15,018)
Unrealized gains on interest rate options		(30,760)	(8,377)
Income tax expenses (benefit)		41,901	(7,860)
Amortization of debt issuance costs and other		1,421	609
Mezzanine investment income, net		(16,567)	(15,018)
Realized gain on interest rate option		(8,036)
Loss on extinguishment of debt, net		27,482
Lease modification income		(205,387)
Gain on equity investment redemption		(5,658)
Gain on disposition of real estate		(94,465)
Share based compensation		4,513	1,814
Changes in operating assets and operating liabilities:
Other assets, net		(14,437)	(11,160)
Net cash received from lease incentive		7,895
Accrued liabilities and other		(3,528)	14,562
Total adjustments		(237,945)	15,418
Net cash provided by operating activities		25,378	16,466
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of real estate		(100,758)	(18,215)
Capital expenditures	[2]	(124,813)	(82,352)
Proceeds from disposition of real estate		126,769
Investment in IQHQ		(14,227)
Investment in unconsolidated real estate partnerships		(12,244)
Other investing activities		(116)	(1,484)
Net cash used in investing activities		(125,389)	(102,051)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from non-recourse property debt		614,720	120,123
Proceeds from construction loans		33,607
Payments of deferred loan costs		(6,620)	(6,178)
Principal repayments on non-recourse property debt		(283,826)	(20,331)
Principal repayments on notes payable to AIR		(387,088)
Purchase of interest rate options		(451)	(5,772)
Proceeds from interest rate option		13,660
Payments on finance leases		(25,366)	(5,133)
Payments of prepayment premiums		(21,395)
Redemption of OP Units		4,419
Redemption of noncontrolling interest in real estate partnership		(7,244)
Distributions to noncontrolling interests in real estate partnerships		(605)
Contributions from noncontrolling interests in consolidated real estate partnerships		9,718
Contributions from redeemable noncontrolling interests in consolidated real estate partnerships		20,392
Redemption of common and preferred OP units		133
Redemption of redeemable noncontrolling interests in consolidated real estate partnerships		(5,094)
Other financing activities		(118)	(626)
Net cash provided by (used in) financing activities		(50,262)	82,083
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH		(150,273)	(3,502)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD		244,582	298,735
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD		94,309	295,233
Unconsolidated Real Estate Partnerships [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Income from unconsolidated real estate partnerships		(300)	(508)
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		$ (300)	$ (508)

[1] Accrued capital expenditures were $29.1 million and $18.7 million as of June 30, 2022 and 2021, respectively.

[2] Accrued capital expenditures were $29.1 million and $18.7 million as of June 30, 2022 and 2021, respectively.