CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
REVENUES
Total revenues	$ 193,682	$ 203,472
EXPENSES
Property operating expenses	61,404	60,362
Property management expenses	9,022	10,192
Depreciation and amortization	75,802	78,605
General and administrative expenses	8,038	7,004
Other expenses, net	12,721	8,030
Property management and operating expenses	166,987	164,193
Interest income	4,946	7,609
Interest expense	(81,237)	(93,837)
Loss on extinguishment of debt	0	(1,108)
Gain on dispositions of real estate	0	105,526
Gain (loss) on derivative instruments, net	15,536	(13,677)
Income (loss) from unconsolidated real estate partnerships	5,116	(3,610)
Income (loss) before income tax benefit (expense)	(28,944)	40,182
Income tax benefit (expense)	(15)	(20)
Net income (loss)	(28,959)	40,162
Net income attributable to noncontrolling interests in consolidated real estate partnerships	(579)	(1,804)
Net income (loss) attributable to the AIR Operating Partnership	(29,538)	38,358
Net income attributable to the AIR Operating Partnership's preferred unitholders	(1,148)	(1,154)
Net income (loss) attributable to the AIR Operating Partnership’s common unitholders	$ (30,686)	$ 37,204
Net (loss) income attributable to the AIR Operating Partnership's common unitholders per unit – basic (in dollars per share)	$ (0.20)	$ 0.24
Net (loss) income attributable to the AIR Operating Partnership's common unitholders per unit - diluted (in dollars per share)	$ (0.20)	$ 0.24
Weighted average common units outstanding - basic (in shares)	151,017	153,344
Weighted average common units outstanding - diluted	151,017	153,455
Rental and other property revenues
REVENUES
Total revenues	$ 189,260	$ 198,927
Other revenues
REVENUES
Total revenues	$ 4,422	$ 4,545