Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Reconciliation of consolidated temporary equity accounts

The following table presents a reconciliation of the Aimco Operating Partnership’s preferred OP Units from December 31, 2018 to September 30, 2019. As described in Note 6, the preferred OP Units may be redeemed at the holder’s option, and are therefore presented within temporary equity in Aimco’s condensed consolidated balance sheets and within temporary capital in the Aimco Operating Partnership’s condensed consolidated balance sheets (in thousands):

Balance, December 31, 2018	$	101,291
Distributions to holders of preferred OP Units		(5,800	)
Redemption of preferred OP Units and other		(113	)
Net income attributable to preferred OP Units		5,800
Balance, September 30, 2019	$	101,178

Reclassifications to conform to the current presentation

We have also reclassified gain on dispositions of real estate and related income taxes, which were previously reported net on our condensed consolidated statements of operations, to now present gain on dispositions of real estate and the Asset Management business as a component of income before income tax benefit (expense) in our condensed consolidated statements of operations, as follows (in thousands):

	Three Months Ended September 30, 2018										Nine Months Ended September 30, 2018
	As Previously Reported		Adjustments				As Revised				As Previously Reported			Adjustments				As Revised
Income tax benefit (expense)	$	27,941		$	(54,147	)		$	(26,206	)		$	69,724		$	(57,107	)		$	12,617
Gain on dispositions of real estate   and the Asset Management     business		572,085			54,147				626,232				622,631			57,107				679,738