XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract] |
Combined summary of the financial position of the entities accounted for using the equity method | The following is a combined summary of the financial position of the Company’s unconsolidated investments discussed above, accounted for using the equity method and presented on the accompanying Consolidated Balance Sheets as of the dates presented, including development joint ventures started and unconsolidated communities sold during the respective periods (dollars in thousands):
| 12/31/21 |  | 12/31/20
Assets: |  |  |
Real estate, net | $ | 1,184,041 |  |  | $ | 1,249,730 |
Other assets | 399,591 |  |  | 255,606 |
Total assets | $ | 1,583,632 |  |  | $ | 1,505,336 |
Liabilities and partners' capital: |  |  |
Mortgage notes payable, net (1) | $ | 645,235 |  |  | $ | 751,257 |
Other liabilities | 168,403 |  |  | 163,808 |
Partners' capital | 769,994 |  |  | 590,271 |
Total liabilities and partners' capital | $ | 1,583,632 |  |  | $ | 1,505,336 |
_________________________________ (1) Other than the AVA Arts District construction loan, the Company has not guaranteed any other outstanding debt, nor does the Company have any obligation to fund this debt should the unconsolidated entity be unable to do so.
Combined summary of the operating results of the entities accounted for using the equity method | The following is a combined summary of the operating results of the entities accounted for using the equity method discussed above and presented on the accompanying Consolidated Statements of Comprehensive Income, for the years presented (dollars in thousands):
| For the year ended
| 12/31/21 |  | 12/31/20 |  | 12/31/19 (1)
Rental and other income (2) | $ | 198,645 |  |  | $ | 118,474 |  |  | $ | 144,431 |
Operating and other expenses | (46,102) |  |  | (49,509) |  |  | (55,732) |
Gain on sale of communities | 164,273 |  |  | 18,450 |  |  | 21,748 |
Interest expense, net | (27,508) |  |  | (31,982) |  |  | (33,896) |
Depreciation expense | (29,910) |  |  | (34,606) |  |  | (58,387) |
Net income | $ | 259,398 |  |  | $ | 20,827 |  |  | $ | 18,164 |
Company's share of net income | $ | 32,123 |  |  | $ | 8,538 |  |  | $ | 10,779 |
Direct investment gains, amortization of excess investment and other (3) | 6,462 |  |  | (2,116) |  |  | (2,127) |
Income from investments in unconsolidated entities | $ | 38,585 |  |  | $ | 6,422 |  |  | $ | 8,652 |
_________________________________ (1) Amounts include results from AVA North Point through the date the Company acquired its venture partner's 45.0% equity interest. (2) Includes unrealized gains on the Company's indirect property technology ventures accounted for under the equity method of accounting during the year ended December 31, 2021. (3) Includes unrealized gains on the Company’s direct investment in equity securities of property technology investments during the year ended December 31, 2021.

X
- Definition Tabular presentation of summary balance sheet information of the entity's equity method investees. + References No definition available. + Details
Name: | avb_ScheduleOfEquityMethodInvestmentSummarizedBalanceSheetInformationTableTextBlock
Namespace Prefix: | avb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular presentation of summary financial performance information of the entity's equity method investees. + References No definition available. + Details
Name: | avb_ScheduleOfEquityMethodInvestmentSummarizedIncomeStatementInformationTableTextBlock
Namespace Prefix: | avb_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration