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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Buildings and improvements $ 7,019,993 $ 6,784,965
Land 1,395,140 1,291,429
Total real estate 8,415,133 8,076,394
Accumulated depreciation (2,534,976) (2,449,883)
Net real estate 5,880,157 5,626,511
Cash and cash equivalents 90,214 95,797
Restricted cash 24,872 205,608
Goodwill 32,286 32,286
Other assets, net 544,818 591,681
Total assets 6,572,347 6,551,883
LIABILITIES AND EQUITY    
Non-recourse property debt, net 2,299,139 1,985,430
Term loans, net 797,092 796,713
Revolving credit facility borrowings 245,000 462,000
Unsecured notes payable, net 397,577 397,486
Total indebtedness 3,738,808 3,641,629
Accrued liabilities and other 521,494 513,805
Total liabilities 4,260,302 4,155,434
Commitments and contingencies (Note 6)
Preferred noncontrolling interests in AIR Operating Partnership 77,143 77,143
Equity/Partners' capital:    
Perpetual preferred stock 2,000 2,000
Common Stock, $0.01 par value, 1,021,175,000 shares authorized at March 31, 2023 and December 31, 2022, and 149,199,684 and 149,086,548 shares issued/outstanding at March 31, 2023 and December 31, 2022, respectively 1,492 1,491
Additional paid-in capital 3,432,573 3,436,635
Accumulated other comprehensive income 29,070 43,562
Distributions in excess of earnings (1,405,520) (1,327,271)
Total AIR equity 2,059,615 2,156,417
Noncontrolling interests in consolidated real estate partnerships (79,017) (78,785)
Common noncontrolling interests in AIR Operating Partnership 254,304 241,674
Total equity 2,234,902 2,319,306
Total liabilities and equity 6,572,347 6,551,883
Apartment Income REIT, L.P [Member]    
ASSETS    
Buildings and improvements 7,019,993 6,784,965
Land 1,395,140 1,291,429
Total real estate 8,415,133 8,076,394
Accumulated depreciation (2,534,976) (2,449,883)
Net real estate 5,880,157 5,626,511
Cash and cash equivalents 90,214 95,797
Restricted cash 24,872 205,608
Goodwill 32,286 32,286
Other assets, net 544,818 591,681
Total assets 6,572,347 6,551,883
LIABILITIES AND EQUITY    
Non-recourse property debt, net 2,299,139 1,985,430
Term loans, net 797,092 796,713
Revolving credit facility borrowings 245,000 462,000
Unsecured notes payable, net 397,577 397,486
Total indebtedness 3,738,808 3,641,629
Accrued liabilities and other 521,494 513,805
Total liabilities 4,260,302 4,155,434
Commitments and contingencies (Note 6)
Preferred noncontrolling interests in AIR Operating Partnership 77,143 77,143
Equity/Partners' capital:    
Preferred units 2,000 2,000
General Partner and Special Limited Partner 2,057,615 2,154,417
Limited Partners 254,304 241,674
Partners’ capital attributable to the AIR Operating Partnership 2,313,919 2,398,091
Noncontrolling interests in consolidated real estate partnerships (79,017) (78,785)
Total equity 2,234,902 2,319,306
Total liabilities and equity $ 6,572,347 $ 6,551,883