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CONDENSED CONSOLIDATED STATEMENTS OF PARTNERS’ CAPITAL (DEFICIT) - USD ($)
$ in Thousands
Total
Common Partnership Units
Preferred Partnership Units
Preferred Units
Preferred Units
Preferred Partnership Units
General Partner and Special Limited Partner
Limited Partners
Limited Partners
Common Partnership Units
Partners' Capital Attributable to the AIR Operating Partnership
Partners' Capital Attributable to the AIR Operating Partnership
Common Partnership Units
Partners' Capital Attributable to the AIR Operating Partnership
Preferred Partnership Units
Noncontrolling Interests in Consolidated Real Estate Partnerships
Beginning balance at Dec. 31, 2023 $ 2,550,374     $ 2,000   $ 2,349,896 $ 284,451   $ 2,636,347     $ (85,973)
Increase (Decrease) in Partners' Capital [Roll Forward]                        
Amortization of share-based compensation cost 23,657         11,843 11,814   23,657      
Effect of changes in ownership of consolidated entities           (20,409) 20,409          
Other comprehensive loss (14,446)         (13,298) (1,148)   (14,446)      
Net income (loss) (360,959)         (341,554) (23,034)   (364,588)     3,629
Merger-related distributions (2,105,949)         (1,976,696) (129,253)   (2,105,949)      
Distributions to common unitholders (69,325)         (64,649) (4,676)   (69,325)      
Distributions to noncontrolling interests (13,189)                     (13,189)
Redemption of common partnership units   $ (28,373) $ (2,000)   $ (2,000)     $ (28,373)   $ (28,373) $ (2,000)  
Other, net 915         315     315     600
Ending balance at Sep. 30, 2024 (19,295)     0   (54,552) 130,190   75,638     (94,933)
Beginning balance at Jun. 30, 2024 1,064,001         965,426 191,537   1,156,963     (92,962)
Increase (Decrease) in Partners' Capital [Roll Forward]                        
Amortization of share-based compensation cost 9,137           9,137   9,137      
Effect of changes in ownership of consolidated entities           (18,254) 18,254          
Other comprehensive loss (1,017)         (943) (74)   (1,017)      
Net income (loss) (171,333)         (162,009) (10,985)   (172,994)     1,661
Merger-related distributions (892,521)         (839,044) (53,477)   (892,521)      
Distributions to noncontrolling interests (4,363)                     (4,363)
Redemption of common partnership units (24,202)           (24,202)   (24,202)      
Other, net 1,003         272     272     731
Ending balance at Sep. 30, 2024 (19,295)     0   (54,552) 130,190   75,638     (94,933)
Beginning balance at Dec. 31, 2024 (32,291)         (61,484) 126,848   65,364     (97,655)
Increase (Decrease) in Partners' Capital [Roll Forward]                        
Effect of changes in ownership of consolidated entities           (66,153) 66,153          
Other comprehensive loss (3,020)         (2,869) (151)   (3,020)      
Net income (loss) 55,184         22,761 402   23,163     32,021
Distributions to common unitholders (198,003)         (189,385) (8,618)   (198,003)      
Distributions to noncontrolling interests (56,915)                     (56,915)
Redemption of common partnership units   $ (67,735)           $ (67,735)   $ (67,735)    
Other, net (87)         20 (1)   19     (106)
Ending balance at Sep. 30, 2025 (302,867)     0   (297,110) 116,898   (180,212)     (122,655)
Beginning balance at Jun. 30, 2025 (189,960)         (236,174) 121,346   (114,828)     (75,132)
Increase (Decrease) in Partners' Capital [Roll Forward]                        
Effect of changes in ownership of consolidated entities           (1,086) 1,086          
Other comprehensive loss (1,018)         (974) (44)   (1,018)      
Net income (loss) (62,731)         (58,881) (4,321)   (63,202)     471
Distributions to noncontrolling interests (47,994)                     (47,994)
Redemption of common partnership units (1,168)           (1,168)   (1,168)      
Other, net 4         5 (1)   4      
Ending balance at Sep. 30, 2025 $ (302,867)     $ 0   $ (297,110) $ 116,898   $ (180,212)     $ (122,655)