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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Buildings and improvements $ 6,179,325 $ 5,720,267
Land 1,200,540 1,164,814
Total real estate 7,379,865 6,885,081
Accumulated depreciation (2,400,722) (2,284,793)
Net real estate 4,979,143 4,600,288
Cash and cash equivalents 74,949 67,320
Restricted cash 25,942 25,441
Note receivable from Amico 147,039 534,127
Leased real estate assets 466,013 466,355
Goodwill 32,286 32,286
Other assets, net 707,913 568,051
Assets held for sale 0 146,492
Total assets 6,433,285 6,440,360
LIABILITIES AND EQUITY    
Non-recourse property debt, net 2,026,513 2,294,739
Term loans 795,905 1,144,547
Revolving credit facility borrowings 148,000 304,000
Unsecured notes payable, net 398,039 0
Total debt, net 3,368,457 3,743,286
Accrued liabilities and other 696,673 592,774
Liabilities related to assets held for sale 0 85,775
Total liabilities 4,065,130 4,421,835
Commitments and contingencies (Note 6)
Preferred noncontrolling interests in AIR Operating Partnership 79,330 79,370
Equity:    
Perpetual preferred stock 2,000 2,129
Common Stock 1,542 1,570
Additional paid-in capital 3,636,906 3,763,105
Accumulated other comprehensive income 13,750 0
Distributions in excess of earnings (1,521,749) (1,953,779)
Total AIR equity 2,132,449 1,813,025
Noncontrolling interests in consolidated real estate partnerships (70,609) (70,883)
Common noncontrolling interests in AIR Operating Partnership 226,985 197,013
Total equity 2,288,825 1,939,155
Total liabilities and equity 6,433,285 6,440,360
Apartment Income REIT, L.P [Member]    
ASSETS    
Buildings and improvements 6,179,325 5,720,267
Land 1,200,540 1,164,814
Total real estate 7,379,865 6,885,081
Accumulated depreciation (2,400,722) (2,284,793)
Net real estate 4,979,143 4,600,288
Cash and cash equivalents 74,949 67,320
Restricted cash 25,942 25,441
Note receivable from Amico 147,039 534,127
Leased real estate assets 466,013 466,355
Goodwill 32,286 32,286
Other assets, net 707,913 568,051
Assets held for sale 0 146,492
Total assets 6,433,285 6,440,360
LIABILITIES AND EQUITY    
Non-recourse property debt, net 2,026,513 2,294,739
Term loans 795,905 1,144,547
Revolving credit facility borrowings 148,000 304,000
Unsecured notes payable, net 398,039 0
Total debt, net 3,368,457 3,743,286
Accrued liabilities and other 696,673 592,774
Liabilities related to assets held for sale 0 85,775
Total liabilities 4,065,130 4,421,835
Commitments and contingencies (Note 6)
Equity:    
Redeemable preferred units 79,330 79,370
Preferred units 2,000 2,129
General Partner and Special Limited Partner 2,130,449 1,810,896
Limited Partners 226,985 197,013
Partners’ capital attributable to the AIR Operating Partnership 2,359,434 2,010,038
Noncontrolling interests in consolidated real estate partnerships (70,609) (70,883)
Total partners’ capital 2,288,825 1,939,155
Total liabilities and equity $ 6,433,285 $ 6,440,360