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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (68,299) $ (5,609)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 41,578 33,302
Realized and unrealized (gains) losses on interest rate contracts (2,312) (2,326)
Realized and unrealized (gains) losses on equity investments 47,535 (1,231)
Income tax expense (benefit) (4,917) (4,613)
Share-based compensation 3,270 5,965
Loss on extinguishment of debt, net   929
Gain on dispositions of real estate   (1,878)
Amortization of debt issuance costs and other 8,415 1,371
Changes in operating assets and operating liabilities:    
Operating assets, net (8,065) (1,244)
Operating liabilities, net 13,083 (6,686)
Total adjustments 98,017 23,294
Net cash provided by operating activities 29,718 17,685
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate   (4,108)
Capital expenditures [1] (77,860) (129,919)
Distributions received from unconsolidated real estate partnerships   4,209
Other investing activities 419 3,183
Net cash used in investing activities (77,441) (126,635)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse construction loans 52,340 73,152
Principal repayments on non-recourse property debt (1,569) (61,541)
Proceeds from sale of participation in Mezzanine Investment   37,500
Proceeds from interest rate contracts 3,783 55,687
Common stock repurchased (30,987) (22,391)
Distributions to redeemable noncontrolling interests (4,091) (5,152)
Contributions from noncontrolling interests 679 163
Distributions to noncontrolling interests (837) (597)
Contributions from redeemable noncontrolling interests 150 125
Redemption of OP Units held by third parties (400) (621)
Other financing activities (1,214) (4,776)
Net cash provided by financing activities 17,854 71,549
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (29,869) (37,401)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 139,267 229,766
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 109,398 192,365
Aimco OP L.P. [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) (68,299) (5,609)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 41,578 33,302
Realized and unrealized (gains) losses on interest rate contracts (2,312) (2,326)
Realized and unrealized (gains) losses on equity investments 47,535 (1,231)
Income tax expense (benefit) (4,917) (4,613)
Share-based compensation 3,270 5,965
Loss on extinguishment of debt, net   929
Gain on dispositions of real estate   (1,878)
Amortization of debt issuance costs and other 8,415 1,371
Changes in operating assets and operating liabilities:    
Operating assets, net (8,065) (1,244)
Operating liabilities, net 13,083 (6,686)
Total adjustments 98,017 23,294
Net cash provided by operating activities 29,718 17,685
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate   (4,108)
Capital expenditures [2] (77,860) (129,919)
Distributions received from unconsolidated real estate partnerships   4,209
Other investing activities 419 3,183
Net cash used in investing activities (77,441) (126,635)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse construction loans 52,340 73,152
Principal repayments on non-recourse property debt (1,569) (61,541)
Proceeds from sale of participation in Mezzanine Investment   37,500
Proceeds from interest rate contracts 3,783 55,687
Common stock repurchased (30,987) (22,391)
Distributions to redeemable noncontrolling interests (4,091) (5,152)
Contributions from noncontrolling interests 679 163
Distributions to noncontrolling interests (837) (597)
Contributions from redeemable noncontrolling interests 150 125
Redemption of OP Units held by third parties (400) (621)
Other financing activities (1,214) (4,776)
Net cash provided by financing activities 17,854 71,549
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (29,869) (37,401)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 139,267 229,766
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 109,398 192,365
Unconsolidated Real Estate Partnerships [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from unconsolidated real estate partnerships (570) (295)
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 $ (570) $ (295)
[1] Accrued capital expenditures were $34.5 million and $62.8 million as of June 30, 2024 and 2023, respectively.
[2] Accrued capital expenditures were $34.5 million and $62.8 million as of June 30, 2024 and 2023, respectively.