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Schedule III: Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III: Real Estate and Accumulated Depreciation

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

AIMCO OP L.P.

SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2024

(In Thousands)


											(2)		Gross Amount at Which
					Initial Costs						Costs Capitalized		Carried at Close of Period				(3)		(4)			(5)
							Buildings and		Total Initial		Subsequent to				Buildings and		Total Carrying		Accumulated			Date
	Location	Encumbrances			Land		Improvements		Acquisition Costs		Acquisition		Land		Improvements		Value		Depreciation			Acquired
Operating:
118-122 West 23rd Street	New York, NY		(16,472	)		14,985		23,459		38,444		6,220		14,985		29,679		44,664		(13,623	)	Jun 2012
173 E. 90th Street	New York, NY		(12,138	)		12,066		4,535		16,601		8,857		12,066		13,392		25,458		(7,533	)	May 2004
237-239 Ninth Avenue	New York, NY		(6,148	)		8,495		1,866		10,361		1,849		8,495		3,715		12,210		(2,561	)	Mar 2005
1045 on the Park Apartments Homes	Atlanta, GA		(6,007	)		2,793		6,662		9,455		1,548		2,793		8,210		11,003		(3,322	)	Jul 2013
2200 Grace	Lombard, IL		(11,193	)		642		7,788		8,430		531		642		8,319		8,961		(6,108	)	Aug 2018
Bank Lofts	Denver, CO		(18,540	)		3,525		9,045		12,570		5,546		3,525		14,591		18,116		(9,382	)	Apr 2001
Bluffs at Pacifica, The	Pacifica, CA		—			8,108		4,132		12,240		18,013		8,108		22,145		30,253		(16,367	)	Oct 2006
Elm Creek	Elmhurst, IL		(78,095	)		5,910		30,830		36,740		30,357		5,910		61,187		67,097		(42,311	)	Dec 1997
Evanston Place	Evanston, IL		(46,670	)		3,232		25,546		28,778		16,994		3,232		42,540		45,772		(27,067	)	Dec 1997
Hillmeade	Nashville, TN		(46,026	)		2,872		16,070		18,942		22,985		2,872		39,055		41,927		(29,530	)	Nov 1994
Hyde Park Tower	Chicago, IL		(29,484	)		4,731		14,927		19,658		14,818		4,731		29,745		34,476		(17,877	)	Oct 2004
Plantation Gardens	Plantation, FL		(60,133	)		3,773		19,443		23,216		24,796		3,773		44,239		48,012		(34,354	)	Oct 1999
Royal Crest Estates (Warwick)	Warwick, RI		—			22,433		24,095		46,528		7,909		22,433		32,004		54,437		(27,539	)	Aug 2002
Royal Crest Estates (Nashua)	Nashua, NH		(173,435	)		68,230		45,562		113,792		17,139		68,231		62,700		130,931		(56,440	)	Aug 2002
Royal Crest Estates (Marlboro)	Marlborough, MA		(68,495	)		25,178		28,786		53,964		14,240		25,178		43,026		68,204		(37,379	)	Aug 2002
Waterford Village	Bridgewater, MA		—			29,110		28,101		57,211		13,985		29,110		42,086		71,196		(36,001	)	Aug 2002
Eldridge	Elmhurst, IL		(26,691	)		3,483		35,706		39,189		163		3,483		35,869		39,352		(4,432	)	Aug 2021
Wexford Village	Worcester, MA		—			6,349		17,939		24,288		5,838		6,349		23,777		30,126		(19,207	)	Aug 2002
Willow Bend	Rolling Meadows, IL		(43,501	)		2,717		15,437		18,154		18,588		2,717		34,025		36,742		(29,355	)	May 1998
Yorktown Apartments	Lombard, IL		(46,857	)		2,413		10,374		12,787		52,506		2,413		62,880		65,293		(47,652	)	Dec 1999
Total Operating			(689,885	)		231,045		370,303		601,348		282,882		231,046		653,184		884,230		(468,040	)

Development and redevelopment:
Bioscience 4	Aurora, CO		—			—		—		—		5,021		—		5,021		5,021		—		Feb 2023
34th Street	Miami, FL		(18,407	)		19,582		—		19,582		41,840		19,872		41,550		61,422		—		Jul 2021
One Edgewater	Miami, FL		—			12,377		—		12,377		5,767		14,560		3,584		18,144		—		Jul 2021
Flying Horse	Colorado Springs, CO		—			4,257		—		4,257		3,860		4,269		3,848		8,117		—		Jul 2021
Oak Shore	Corte Madera, CA		(19,651	)		—		—		—		57,326		—		57,326		57,326		(1,773	)	Jun 2021
Upton Place	Washington, DC		(215,000	)		—		21,280		21,280		275,084		—		296,364		296,364		(14,566	)	Dec 2020
Strathmore Square	Washington, DC		(140,692	)		—		—		—		160,391		—		160,391		160,391		(4,533	)	Feb 2022
300 W. Broward Blvd.	Ft. Lauderdale, FL		—			21,355		—		21,355		16,485		20,616		17,224		37,840		—		Jan 2022
Fitzsimons Phase Four	Aurora, CO		—			2,016		—		2,016		2,193		2,040		2,169		4,209		—		Dec 2022
Sears Parcel 1	Ft. Lauderdale, FL		—			68,485		—		68,485		25,037		68,485		25,037		93,522		—		Jun 2022
Sears Parcel 2	Ft. Lauderdale, FL		—			20,737		—		20,737		3,958		20,460		4,235		24,695		—		Jul 2022
Sears Parcel 3	Ft. Lauderdale, FL		—			16,402		—		16,402		2,180		15,331		3,251		18,582		—		Jun 2022
Total Development and redevelopment			(393,750	)		165,211		21,280		186,491		599,142		165,633		620,000		785,633		(20,872	)

Other:
The Benson Hotel	Aurora, CO		—			1,503		4,414		5,917		71,327		1,503		75,741		77,244		(10,362	)	Jan 2021
Total Other			—			1,503		4,414		5,917		71,327		1,503		75,741		77,244		(10,362	)

Held for sale:
1001 Brickell Bay Drive	Miami, FL		(81,300	)		150,018		152,791		302,809		11,552		150,018		164,343		314,361		(90,897	)	Jul 2019
Yacht Club Apartments	Miami, FL		(77,949	)		31,362		32,214		63,576		21,832		31,363		54,045		85,408		(35,943	)	Dec 2003
Total Held for sale			(159,249	)		181,380		185,005		366,385		33,384		181,381		218,388		399,769		(126,840	)

Debt issuance costs and other non-cash adjustments (1)			13,336

Total Portfolio		$	(1,229,548	)	$	579,139	$	581,002	$	1,160,141	$	986,735	$	579,563	$	1,567,313	$	2,146,876	$	(626,114	)

(1)

Includes unamortized fair market adjustments of debt assumed in the acquisition of properties.

(2)

Includes costs capitalized since acquisition or date of initial acquisition of the community.

(3)

The aggregate cost of land and depreciable property for federal income tax purposes was approximately $1.6 billion as of December 31, 2024. (unaudited)

(4)

Depreciable life for buildings and improvements ranges from five to 30 years and is calculated on a straight-line basis.

(5)

Date we acquired the apartment community or first acquired the partnership that owns the community.

APARTMENT INVESTMENT AND MANAGEMENT COMPANY

AIMCO OP L.P.

SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION

For the Years Ended December 31, 2024, 2023, and 2022

(In Thousands)


	2024			2023			2022
Total real estate balance at beginning of year	$	2,214,623		$	1,963,483		$	1,791,499
Additions during the year:
Acquisitions		—			1,893			146,236
Capital additions		141,672			292,921			273,380
Dispositions		(193,878	)		(30,347	)		(233,308	)
Write-offs of fully depreciated assets and other		(15,541	)		(13,327	)		(14,324	)
Amounts related to assets held for sale		(399,769	)		—			—
Total real estate balance at end of year	$	1,747,107		$	2,214,623		$	1,963,483

Accumulated depreciation balance at beginning of year	$	580,802		$	530,722		$	561,115
Depreciation		79,609			63,407			143,983
Dispositions		(18,756	)		—			(160,052	)
Write-offs of fully depreciated assets and other		(15,541	)		(13,327	)		(14,324	)
Amounts related to assets held for sale		(126,840	)		—			—
Accumulated depreciation balance at end of year	$	499,274		$	580,802		$	530,722