XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Buildings and improvements $ 1,050,817 $ 995,116
Land 506,968 505,153
Total real estate 1,557,785 1,500,269
Accumulated depreciation (511,615) (495,010)
Net real estate 1,046,170 1,005,259
Cash and cash equivalents 226,081 289,582
Restricted cash 9,224 9,153
Mezzanine investment 314,829 307,362
Right-of-use lease assets 443,111 98,280
Other assets, net 178,475 130,856
Total assets 2,217,890 1,840,492
LIABILITIES AND EQUITY    
Non-recourse property debt and term loan, net 429,873 447,967
Notes payable to AIR 534,127 534,127
Total indebtedness 964,000 982,094
Deferred tax liabilities 125,732 131,560
Lease liabilities 446,962 100,496
Accrued liabilities and other 95,733 62,988
Total liabilities 1,632,427 1,277,138
Redeemable noncontrolling interest in consolidated real estate partnership 4,111 4,263
Commitments and contingencies (Note 4) 0 0
Equity/Partners' Capital:    
Common Stock, $0.01 par value, 510,587,500 shares authorized, 149,208,479 and 149,036,263 shares issued/outstanding at March 31, 2021 and December 31, 2020, respectively 1,491 1,490
Additional paid-in capital 516,051 515,127
Retained earnings (Accumulated deficit) 3,375 (16,839)
Total Aimco equity 520,917 499,778
Noncontrolling interests in consolidated real estate partnerships 31,884 31,877
Common noncontrolling interests in Aimco Operating Partnership 28,551 27,436
Total equity 581,352 559,091
Total liabilities and equity 2,217,890 1,840,492
Aimco OP L.P. [Member]    
ASSETS    
Buildings and improvements 1,050,817 995,116
Land 506,968 505,153
Total real estate 1,557,785 1,500,269
Accumulated depreciation (511,615) (495,010)
Net real estate 1,046,170 1,005,259
Cash and cash equivalents 226,081 289,582
Restricted cash 9,224 9,153
Mezzanine investment 314,829 307,362
Right-of-use lease assets 443,111 98,280
Other assets, net 178,475 130,856
Total assets 2,217,890 1,840,492
LIABILITIES AND EQUITY    
Non-recourse property debt and term loan, net 429,873 447,967
Notes payable to AIR 534,127 534,127
Total indebtedness 964,000 982,094
Deferred tax liabilities 125,732 131,560
Lease liabilities 446,962 100,496
Accrued liabilities and other 95,733 62,988
Total liabilities 1,632,427 1,277,138
Redeemable noncontrolling interest in consolidated real estate partnership 4,111 4,263
Commitments and contingencies (Note 4)
Equity/Partners' Capital:    
General Partner and Special Limited Partner 520,917 499,778
Limited Partners 28,551 27,436
Partners’ capital attributable to Aimco Operating Partnership 549,468 527,214
Total liabilities and equity 2,217,890 1,840,492
Noncontrolling interests in consolidated real estate partnerships 31,884 31,877
Total partners’ capital $ 581,352 $ 559,091