Lease Arrangements (Tables)

6 Months Ended

Jun. 30, 2023

Leases [Abstract]

Lease Income for Residential and Commercial Property Leases

For the three and six months ended June 30, 2023 and 2022, our total lease income was comprised of the following amounts for all residential and commercial property leases (in thousands):

Aimco as Lessee

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Fixed lease income	$	42,208	$	46,851	$	83,213	$	92,982
Variable lease income		3,244		3,673		6,406		7,409
Total lease income	$	45,452	$	50,524	$	89,619	$	100,391

Minimum Annual Lease Payments Under Operating, Financing Leases and Sublease Income

Combined minimum annual lease payments under operating and finance leases, and sublease income that offsets our operating lease rent, are as follows (in thousands):

	Sublease Income and Lease Modification Income		Operating Lease Future Minimum Rent			Finance Leases Future Minimum Payments
Remainder of 2023	$	704	$	1,271		$	1,451
2024		1,413		2,657			3,921
2025		1,423		2,355			4,437
2026		1,433		2,341			4,954
2027		1,443		2,380			5,483
Thereafter		2,083		3,023			1,433,296
Total	$	8,499		14,027			1,453,542
Less: Discount				(1,283	)		(1,336,949	)
Total lease liabilities			$	12,744		$	116,593