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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Buildings and improvements $ 6,742,347 $ 5,720,267
Land 1,296,223 1,164,814
Total real estate 8,038,570 6,885,081
Accumulated depreciation (2,370,792) (2,284,793)
Net real estate 5,667,778 4,600,288
Cash and cash equivalents 87,732 67,320
Restricted cash 26,914 25,441
Note receivable from Amico 0 534,127
Leased real estate assets 0 466,355
Goodwill 32,286 32,286
Other assets, net 779,205 568,051
Assets held for sale 128,538 146,492
Total assets 6,722,453 6,440,360
LIABILITIES AND EQUITY    
Non-recourse property debt, net 2,019,417 2,294,739
Term loans 796,334 1,144,547
Revolving credit facility borrowings 479,000 304,000
Unsecured notes payable, net 397,417 0
Total debt, net 3,692,168 3,743,286
Accrued liabilities and other 758,441 592,774
Liabilities related to assets held for sale 472 85,775
Total liabilities 4,451,081 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 1,530 1,570
Additional paid-in capital 3,583,111 3,763,105
Accumulated other comprehensive income 45,948 0
Distributions in excess of earnings (1,589,409) (1,953,779)
Total AIR equity 2,043,180 1,813,025
Noncontrolling interests in consolidated real estate partnerships (76,200) (70,883)
Common noncontrolling interests in AIR Operating Partnership 225,062 197,013
Total equity 2,192,042 1,939,155
Total liabilities and equity 6,722,453 6,440,360
Apartment Income REIT, L.P [Member]    
ASSETS    
Buildings and improvements 6,742,347 5,720,267
Land 1,296,223 1,164,814
Total real estate 8,038,570 6,885,081
Accumulated depreciation (2,370,792) (2,284,793)
Net real estate 5,667,778 4,600,288
Cash and cash equivalents 87,732 67,320
Restricted cash 26,914 25,441
Note receivable from Amico 0 534,127
Leased real estate assets 0 466,355
Goodwill 32,286 32,286
Other assets, net 779,205 568,051
Assets held for sale 128,538 146,492
Total assets 6,722,453 6,440,360
LIABILITIES AND EQUITY    
Non-recourse property debt, net 2,019,417 2,294,739
Term loans 796,334 1,144,547
Revolving credit facility borrowings 479,000 304,000
Unsecured notes payable, net 397,417 0
Total debt, net 3,692,168 3,743,286
Accrued liabilities and other 758,441 592,774
Liabilities related to assets held for sale 472 85,775
Total liabilities 4,451,081 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 2,041,180 1,810,896
Limited Partners 225,062 197,013
Partners’ capital attributable to the AIR Operating Partnership 2,268,242 2,010,038
Noncontrolling interests in consolidated real estate partnerships (76,200) (70,883)
Total partners’ capital 2,192,042 1,939,155
Total liabilities and equity $ 6,722,453 $ 6,440,360