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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Buildings and improvements $ 6,784,965 $ 5,720,267
Land 1,291,429 1,164,814
Total real estate 8,076,394 6,885,081
Accumulated depreciation (2,449,883) (2,284,793)
Net real estate 5,626,511 4,600,288
Cash and cash equivalents 95,797 67,320
Restricted cash 205,608 25,441
Note receivable from Aimco 0 534,127
Leased real estate assets 10,358 466,355
Goodwill 32,286 32,286
Other assets, net 581,323 568,051
Assets held for sale 0 146,492
Total assets 6,551,883 6,440,360
LIABILITIES AND PARTNERS' CAPITAL    
Non-recourse property debt, net 1,985,430 2,294,739
Term loans 796,713 1,144,547
Revolving credit facility borrowings 462,000 304,000
Unsecured notes payable, net 397,486 0
Total indebtedness 3,641,629 3,743,286
Accrued liabilities and other 513,805 592,774
Liabilities related to assets held for sale 0 85,775
Total liabilities 4,155,434 4,421,835
Commitments and contingencies (Note 6)
Preferred noncontrolling interests in AIR Operating Partnership 77,143 79,370
Equity/Partners' Capital:    
Perpetual preferred stock 2,000 2,129
Common Stock, $0.01 par value, 1,021,175,000 shares authorized at December 31, 2022 and December 31, 2021, and 149,086,548 and 156,998,367 shares issued/outstanding at December 31, 2022 and December 31, 2021, respectively 1,491 1,570
Additional paid-in capital 3,436,635 3,763,105
Accumulated other comprehensive income 43,562 0
Distributions in excess of earnings (1,327,271) (1,953,779)
Total AIR equity 2,156,417 1,813,025
Noncontrolling interests in consolidated real estate partnerships (78,785) (70,883)
Common noncontrolling interests in AIR Operating Partnership 241,674 197,013
Total equity 2,319,306 1,939,155
Total liabilities, preferred noncontrolling interests in AIR Operating Partnership, and equity 6,551,883 6,440,360
Apartment Income REIT, L.P [Member]    
ASSETS    
Buildings and improvements 6,784,965 5,720,267
Land 1,291,429 1,164,814
Total real estate 8,076,394 6,885,081
Accumulated depreciation (2,449,883) (2,284,793)
Net real estate 5,626,511 4,600,288
Cash and cash equivalents 95,797 67,320
Restricted cash 205,608 25,441
Note receivable from Aimco 0 534,127
Leased real estate assets 10,358 466,355
Goodwill 32,286 32,286
Other assets, net 581,323 568,051
Assets held for sale 0 146,492
Total assets 6,551,883 6,440,360
LIABILITIES AND PARTNERS' CAPITAL    
Non-recourse property debt, net 1,985,430 2,294,739
Term loans 796,713 1,144,547
Revolving credit facility borrowings 462,000 304,000
Unsecured notes payable, net 397,486 0
Total indebtedness 3,641,629 3,743,286
Accrued liabilities and other 513,805 592,774
Liabilities related to assets held for sale 0 85,775
Total liabilities 4,155,434 4,421,835
Commitments and contingencies (Note 6)
Preferred noncontrolling interests in AIR Operating Partnership 77,143 79,370
Equity/Partners' Capital:    
Preferred units 2,000 2,129
General Partner and Special Limited Partner 2,154,417 1,810,896
Limited Partners 241,674 197,013
Partners’ capital attributable to the AIR Operating Partnership 2,398,091 2,010,038
Noncontrolling interests in consolidated real estate partnerships (78,785) (70,883)
Total partners’ capital 2,319,306 1,939,155
Total liabilities, preferred noncontrolling interests in AIR Operating Partnership, and equity $ 6,551,883 $ 6,440,360