Aimco Equity (Tables)

12 Months Ended

Dec. 31, 2011

Aimco Equity [Abstract]

Classes of perpetual preferred stock

		September 30,		September 30,			September 30,		September 30,
	Redemption Date (1)		Annual Dividend Rate Per Share (paid quarterly)			Balance December  31,
						2011		2010
Class T Cumulative Preferred Stock, $0.01 par value, 6,000,000 shares authorized, 6,000,000 shares issued/outstanding		07/31/2008		8.000	%	$	150,000	$	150,000
Class U Cumulative Preferred Stock, $0.01 par value, 12,000,000 shares authorized, 12,000,000 shares issued/outstanding		03/24/2009		7.750	%		298,101		298,101
Class V Cumulative Preferred Stock, $0.01 par value, 3,450,000 shares authorized, 2,587,500 and 3,450,000 shares issued/outstanding, respectively		09/29/2009		8.000	%		64,688		86,250
Class Y Cumulative Preferred Stock, $0.01 par value, 3,450,000 shares authorized, 3,450,000 shares issued/outstanding		12/21/2009		7.875	%		86,250		86,250
Class Z Cumulative Preferred Stock, $0.01 par value, 4,800,000 and zero shares authorized, 869,153 and zero shares issued/outstanding, respectively		7/29/2016		7.000	%		21,075		—
Series A Community Reinvestment Act Preferred Stock, $0.01 par value per share, 240 shares authorized, 74 and 114 shares issued/outstanding, respectively (2)		06/30/2011		(2	)		37,000		57,000
Total							657,114		677,601
Less preferred stock subject to repurchase agreement (3)							—		(20,000	)
Preferred stock per consolidated balance sheets						$	657,114	$	657,601

Issuances and redemptions of preferred stock

		September 30,		September 30,
	Years Ended December 31,
	2011		2010
Class of preferred stock redeemed		Class V		Class G
Number of shares of preferred stock redeemed		862,500		4,040,000
Redemption value of preferred stock redeemed	$	21,562	$	101,000
Accrued and unpaid dividends paid at redemption	$	249	$	2,200
Previously deferred issuance costs recognized as an adjustment of net income attributable to Aimco preferred stockholders	$	783	$	4,300
Class of preferred stock issued		Class Z		Class U
Number of shares of preferred stock issued		869,153		4,000,000
Price to public per share	$	24.25	$	24.86
Underwriting discounts, commissions and transaction costs per share	$	1.25	$	0.77
Net proceeds per share	$	23.00	$	24.09
Net proceeds to Aimco	$	19,990	$	96,100
Issuance costs (primarily underwriting commissions) recognized as an adjustment of additional paid-in capital	$	1,085	$	3,300

Repurchases of CRA Preferred Stock pursuant to the repurchase agreement

		September 30,		September 30,		September 30,
	Years Ended December 31,
	2011		2010		2009
Shares repurchased		40		20		12
Liquidation preference of preferred stock repurchased	$	20,000	$	10,000	$	6,000
Repurchase price	$	14,800	$	7,000	$	4,200
Discount to liquidation preference, net of previously deferred issuance costs, recognized as an adjustment of net income attributable to Aimco preferred stockholders	$	4,700	$	2,800	$	1,600