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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (5,753) $ 10,112
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 16,271 23,118
Realized and unrealized (gains) losses on interest rate options 1,057 (18,778)
Realized and unrealized gains (losses) on equity investments (137) 4,332
Income tax expense (benefit) (4,196) (4,056)
Amortization of debt issuance costs and other 808 814
Share based compensation 4,519 2,667
Changes in operating assets and operating liabilities:    
Other assets, net 2,238 2,420
Accrued liabilities and other (9,162) (5,625)
Total adjustments 11,352 (3,601)
Net cash provided by operating activities 5,599 6,511
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate   (47,492)
Capital expenditures [1] (64,814) (49,656)
Investment in IQHQ   (14,227)
Other investing activities 1,580 (73)
Net cash used in investing activities (63,234) (111,448)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt   40,000
Proceeds from construction loans 35,491 15,625
Principal repayments on non-recourse property debt (779) (2,101)
Payments on finance leases (796) (24,516)
Common stock repurchased (14,522) (1,317)
Distributions to redeemable noncontrolling interests (3,095)  
Contributions from noncontrolling interests 50 9,718
Distributions to noncontrolling interests (287)  
Contributions from redeemable noncontrolling interests 124 6,879
Redemption of OP Units (254)  
Redemption of redeemable noncontrolling interests   (5,094)
Other financing activities 571 (1,216)
Net cash provided by (used in) financing activities 16,503 37,978
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (41,132) (66,959)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 229,766 244,582
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 188,634 177,623
Aimco OP L.P. [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) (5,753) 10,112
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 16,271 23,118
Realized and unrealized (gains) losses on interest rate options 1,057 (18,778)
Realized and unrealized gains (losses) on equity investments (137) 4,332
Income tax expense (benefit) (4,196) (4,056)
Amortization of debt issuance costs and other 808 814
Share based compensation 4,519 2,667
Changes in operating assets and operating liabilities:    
Other assets, net 2,238 2,420
Accrued liabilities and other (9,162) (5,625)
Total adjustments 11,352 (3,601)
Net cash provided by operating activities 5,599 6,511
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate   (47,492)
Capital expenditures [2] (64,814) (49,656)
Investment in IQHQ   (14,227)
Other investing activities 1,580 (73)
Net cash used in investing activities (63,234) (111,448)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt   40,000
Proceeds from construction loans 35,491 15,625
Principal repayments on non-recourse property debt (779) (2,101)
Payments on finance leases (796) (24,516)
Common stock repurchased (14,522) (1,317)
Distributions to redeemable noncontrolling interests (3,095)  
Contributions from noncontrolling interests 50 9,718
Distributions to noncontrolling interests (287)  
Contributions from redeemable noncontrolling interests 124 6,879
Redemption of OP Units (254)  
Redemption of redeemable noncontrolling interests   (5,094)
Other financing activities 571 (1,216)
Net cash provided by (used in) financing activities 16,503 37,978
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (41,132) (66,959)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 229,766 244,582
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 188,634 177,623
Unconsolidated Real Estate Partnerships [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from unconsolidated real estate partnerships (174) (256)
Unconsolidated Real Estate Partnerships [Member] | Aimco OP L.P. [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from unconsolidated real estate partnerships (174) (256)
Mezzanine Investment [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Mezzanine investment (income) loss, net 128 (8,237)
Income from unconsolidated real estate partnerships 128 (8,237)
Mezzanine Investment [Member] | Aimco OP L.P. [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from unconsolidated real estate partnerships $ 128 $ (8,237)
[1] Accrued capital expenditures were $43.8 million and $40.4 million as of March 31, 2023 and 2022, respectively.
[2] Accrued capital expenditures were $43.8 million and $40.4 million as of March 31, 2023 and 2022, respectively