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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (3,952) $ 297,496
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 51,106 143,420
Realized and unrealized (gains) losses on interest rate options (3,280) (48,005)
Realized and unrealized (gains) losses on equity investments (165) (20,152)
Income tax expense (benefit) (10,823) 24,338
Share-based compensation 7,632 6,462
Loss on extinguishment of debt, net 929 28,901
Lease modification income   (206,963)
Gain on dispositions of real estate (1,878) (170,004)
Amortization of debt issuance costs and other 1,798 2,149
Changes in operating assets and operating liabilities:    
Other assets, net 2,057 5,904
Net cash received from lease incentive   195,789
Accrued liabilities and other (1,272) (5,634)
Total adjustments 46,503 (69,244)
Net cash provided by operating activities 42,551 228,252
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate (4,108) (130,122)
Capital expenditures [1] (212,195) (184,048)
Proceeds from disposition of real estate   243,134
Investment in IQHQ   (14,227)
Redemption of IQHQ investment   16,473
Distributions received from unconsolidated real estate partnerships 4,209  
Investment in unconsolidated real estate partnerships (3,381) (12,878)
Purchase of treasury bill (53,773)  
Other investing activities 5,124 (1,293)
Net cash used in investing activities (264,124) (82,961)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt   674,720
Proceeds from construction loans 127,423 54,286
Payments of deferred loan costs (229) (8,244)
Principal repayments on non-recourse property debt (62,309) (284,562)
Principal repayments on construction loans   (138,404)
Principal repayments on Notes Payable to AIR   (534,127)
Purchase of interest rate options (712) (3,223)
Proceeds from interest rate options 57,182 15,465
Payments on finance leases (2,221) (25,797)
Payments of prepayment premiums   (25,740)
Common stock repurchased (36,769) (4,419)
Dividends paid on common stock   (3,043)
Redemption of redeemable noncontrolling interests   (5,094)
Distributions to redeemable noncontrolling interests (7,210) (917)
Contributions from noncontrolling interests 234 10,616
Distributions to noncontrolling interests (885) (1,052)
Contributions from redeemable noncontrolling interests 125 122,413
Redemption of OP Units (709) (209)
Redemption of noncontrolling interest in real estate partnership   (7,088)
Other financing activities (3,728) (13)
Net cash provided by (used in) financing activities 107,692 (164,432)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (113,881) (19,141)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 229,766 244,582
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 115,885 225,441
Aimco OP L.P. [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) (3,952) 297,496
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 51,106 143,420
Realized and unrealized (gains) losses on interest rate options (3,280) (48,005)
Realized and unrealized (gains) losses on equity investments (165) (20,152)
Income tax expense (benefit) (10,823) 24,338
Share-based compensation 7,632 6,462
Loss on extinguishment of debt, net 929 28,901
Lease modification income   (206,963)
Gain on dispositions of real estate (1,878) (170,004)
Amortization of debt issuance costs and other 1,798 2,149
Changes in operating assets and operating liabilities:    
Other assets, net 2,057 5,904
Net cash received from lease incentive   195,789
Accrued liabilities and other (1,272) (5,634)
Total adjustments 46,503 (69,244)
Net cash provided by operating activities 42,551 228,252
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate (4,108) (130,122)
Capital expenditures [2] (212,195) (184,048)
Proceeds from disposition of real estate   243,134
Investment in IQHQ   (14,227)
Redemption of IQHQ investment   16,473
Distributions received from unconsolidated real estate partnerships 4,209  
Investment in unconsolidated real estate partnerships (3,381) (12,878)
Purchase of treasury bill (53,773)  
Other investing activities 5,124 (1,293)
Net cash used in investing activities (264,124) (82,961)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt   674,720
Proceeds from construction loans 127,423 54,286
Payments of deferred loan costs (229) (8,244)
Principal repayments on non-recourse property debt (62,309) (284,562)
Principal repayments on construction loans   (138,404)
Principal repayments on Notes Payable to AIR   (534,127)
Purchase of interest rate options (712) (3,223)
Proceeds from interest rate options 57,182 15,465
Payments on finance leases (2,221) (25,797)
Payments of prepayment premiums   (25,740)
Common stock repurchased (36,769) (4,419)
Dividends paid on common stock   (3,043)
Redemption of redeemable noncontrolling interests   (5,094)
Distributions to redeemable noncontrolling interests (7,210) (917)
Contributions from noncontrolling interests 234 10,616
Distributions to noncontrolling interests (885) (1,052)
Contributions from redeemable noncontrolling interests 125 122,413
Redemption of OP Units (709) (209)
Redemption of noncontrolling interest in real estate partnership   (7,088)
Other financing activities (3,728) (13)
Net cash provided by (used in) financing activities 107,692 (164,432)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (113,881) (19,141)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 229,766 244,582
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 115,885 225,441
Unconsolidated Real Estate Partnerships [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from unconsolidated real estate partnerships (614) (459)
Unconsolidated Real Estate Partnerships [Member] | Aimco OP L.P. [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from unconsolidated real estate partnerships (614) (459)
Mezzanine Investment [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Mezzanine investment (income) loss, net 1,013 (24,990)
Income from unconsolidated real estate partnerships 1,013 (24,990)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of participation in Mezzanine Investment 37,500  
Mezzanine Investment [Member] | Aimco OP L.P. [Member]    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Income from unconsolidated real estate partnerships 1,013 $ (24,990)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of participation in Mezzanine Investment $ 37,500  
[1] Accrued capital expenditures were $54.3 million and $31.4 million as of September 30, 2023 and 2022, respectively.
[2] Accrued capital expenditures were $54.3 million and $31.4 million as of September 30, 2023 and 2022, respectively