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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 92,158 $ (4,980) $ (5,771)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 158,967 84,712 77,965
Realized and unrealized (gains) losses on interest rate options (48,205) (6,509) (1,058)
Income tax expense (benefit) 17,264 (13,570) (10,149)
Impairment     15,860
Amortization of debt issuance costs and other 2,787 1,384 368
Loss on extinguishment of debt, net 28,986    
Lease modification income (206,963)    
Realized and unrealized (gains) losses on equity investments (20,302) (6,585)  
Gain on disposition of real estate (175,863)    
Share based compensation 7,471 5,271  
Changes in operating assets and operating liabilities:      
Other assets, net 1,039 (11,826) (1,873)
Net cash received from development property lease terminations 195,789    
Accrued liabilities and other (27,556) (3,902) (1,228)
Total adjustments 112,074 17,566 53,617
Net cash provided by operating activities 204,232 12,586 47,846
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of real estate (129,245) (69,601) (107,908)
Capital expenditures (237,523) (177,809) (23,889)
Proceeds from disposition of real estate 259,983    
Investment in IQHQ (14,227) (23,273)  
Redemption of IQHQ investment 16,473    
Investment in unconsolidated real estate partnerships (15,668)    
Other investing activities (547) (727) 2,472
Net cash used in investing activities (120,754) (271,410) (129,325)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from non-recourse property debt 756,220 59,757 40,000
Proceeds from construction loans 93,206 165,170  
Payments of deferred loan costs (15,266) (6,437) (10,234)
Principal repayments on non-recourse property debt (302,428) (24,383) (84,193)
Principal repayments on construction loans (138,404)    
Principal repayments on notes payable to AIR (534,127)    
Purchase of interest rate options (5,620) (5,905) (12,245)
Proceeds from interest rate option 16,818    
Payments on finance leases (26,213) (10,855)  
Change in Aimco Predecessor investment, net     420,929
Payments of prepayment premiums (25,801)   (4,269)
Common stock repurchased (23,492)    
Dividend paid on common stock (3,043)    
Distributions to noncontrolling interests (1,362) (1,158)  
Distributions to redeemable noncontrolling interests (9,365)    
Contributions from noncontrolling interests 10,616 212 20,106
Contributions from redeemable noncontrolling interests 122,571 29,440  
Redemption of OP Units (225)    
Redemption of noncontrolling interests (7,088)    
Redemption of redeemable noncontrolling interests (5,094)    
Other financing activities (197) (1,171)  
Net cash provided by (used in) financing activities (98,294) 204,671 370,094
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (14,816) (54,153) 288,615
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 244,582 298,735 10,120
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 229,766 244,582 298,735
Aimco OP L.P. [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) 92,158 (4,980) (5,771)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 158,967 84,712 77,965
Realized and unrealized (gains) losses on interest rate options (48,205) (6,509) (1,058)
Income tax expense (benefit) 17,264 (13,570) (10,149)
Impairment     15,860
Amortization of debt issuance costs and other 2,787 1,384 368
Loss on extinguishment of debt, net 28,986    
Lease modification income (206,963)    
Realized and unrealized (gains) losses on equity investments (20,302) (6,585)  
Gain on disposition of real estate (175,863)    
Share based compensation 7,471 5,271  
Changes in operating assets and operating liabilities:      
Other assets, net 1,039 (11,826) (1,873)
Net cash received from development property lease terminations 195,789    
Accrued liabilities and other (27,556) (3,902) (1,228)
Total adjustments 112,074 17,566 53,617
Net cash provided by operating activities 204,232 12,586 47,846
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of real estate (129,245) (69,601) (107,908)
Capital expenditures (237,523) (177,809) (23,889)
Proceeds from disposition of real estate 259,983    
Investment in IQHQ (14,227) (23,273)  
Redemption of IQHQ investment 16,473    
Investment in unconsolidated real estate partnerships (15,668)    
Other investing activities (547) (727) 2,472
Net cash used in investing activities (120,754) (271,410) (129,325)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from non-recourse property debt 756,220 59,757 40,000
Proceeds from construction loans 93,206 165,170  
Payments of deferred loan costs (15,266) (6,437) (10,234)
Principal repayments on non-recourse property debt (302,428) (24,383) (84,193)
Principal repayments on construction loans (138,404)    
Principal repayments on notes payable to AIR (534,127)    
Purchase of interest rate options (5,620) (5,905) (12,245)
Proceeds from interest rate option 16,818    
Payments on finance leases (26,213) (10,855)  
Change in Aimco Predecessor investment, net     420,929
Payments of prepayment premiums (25,801)   (4,269)
Common stock repurchased (23,492)    
Dividend paid on common stock (3,043)    
Distributions to noncontrolling interests (1,362) (1,158)  
Distributions to redeemable noncontrolling interests (9,365)    
Contributions from noncontrolling interests 10,616 212 20,106
Contributions from redeemable noncontrolling interests 122,571 29,440  
Redemption of OP Units (225)    
Redemption of noncontrolling interests (7,088)    
Redemption of redeemable noncontrolling interests (5,094)    
Other financing activities (197) (1,171)  
Net cash provided by (used in) financing activities (98,294) 204,671 370,094
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (14,816) (54,153) 288,615
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 244,582 298,735 10,120
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 229,766 244,582 298,735
Mezzanine Investment [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Mezzanine / Unconsolidated partnerships investment income (loss), net 179,239 (30,436) (27,576)
Mezzanine Investment [Member] | Aimco OP L.P. [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Mezzanine / Unconsolidated partnerships investment income (loss), net 179,239 (30,436) (27,576)
Unconsolidated Real Estate Partnerships [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 158,967 84,712 77,965
Mezzanine / Unconsolidated partnerships investment income (loss), net (579) (973) (808)
Unconsolidated Real Estate Partnerships [Member] | Aimco OP L.P. [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Mezzanine / Unconsolidated partnerships investment income (loss), net $ (579) $ (973) $ (808)