XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.25.2

Lease Arrangements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Leases [Abstract] |
Lease Income for Residential and Commercial Property Leases | For the three and six months ended June 30, 2025 and 2024, our total lease income was comprised of the following amounts for all residential and commercial property leases (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Fixed lease income |  | $ | 46,568 |  |  | $ | 45,772 |  |  | $ | 92,824 |  |  | $ | 91,705 |
Variable lease income |  |  | 4,107 |  |  |  | 3,381 |  |  |  | 8,757 |  |  |  | 7,580 |
Total lease income |  | $ | 50,675 |  |  | $ | 49,153 |  |  | $ | 101,581 |  |  | $ | 99,285 |
Schedule of Minimum Lease Payments from our Office Space Sublease and Commercial Space Leases, Excluding Extension Options | Future minimum lease payments that are contractually due to us from our office space sublease and commercial space leases, excluding extension options, as of June 30, 2025, are as follows (in thousands):
| Corporate Office Sublease |  |  | Commercial Leases |
Remainder of 2025 | $ | 714 |  |  | $ | 1,165 |
2026 |  | 1,433 |  |  |  | 2,516 |
2027 |  | 1,443 |  |  |  | 2,335 |
2028 |  | 1,453 |  |  |  | 2,259 |
2029 |  | 630 |  |  |  | 2,289 |
Thereafter |  | — |  |  |  | 18,422 |
Total | $ | 5,673 |  |  | $ | 28,986 |
Schedule of Lease Costs, Net of Capitalized Lease Costs | See the table below for lease costs, net of capitalized finance lease costs, for the three and six months ended June 30, 2025 and 2024 (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Operating lease costs |  | $ | 411 |  |  | $ | 383 |  |  | $ | 849 |  |  | $ | 762 |
Finance lease costs: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets, net of capitalized amounts |  |  | 316 |  |  |  | 250 |  |  |  | 638 |  |  |  | 431 |
Interest on lease liabilities, net of capitalized amounts |  |  | 1,864 |  |  |  | 1,611 |  |  |  | 3,716 |  |  |  | 2,673 |
Total lease costs, net of capitalized amounts |  | $ | 2,591 |  |  | $ | 2,244 |  |  | $ | 5,203 |  |  | $ | 3,866 |
Schedule of Weighted Average Remaining Terms and Discount Rates | The weighted-average remaining terms and discount rates for our operating and finance leases are summarized in the table below as of June 30, 2025, and December 31, 2024:
| June 30, 2025 |  |  | December 31, 2024 |
Weighted average remaining lease term (years): |  |  |  |  |
Operating leases |  | 3.8 |  |  |  | 4.3 |
Finance leases |  | 92.0 |  |  |  | 92.5 |
Weighted-average discount rate: |  |  |  |  |
Operating leases |  | 3.4 | % |  |  | 3.5 | %
Finance leases |  | 6.1 | % |  |  | 6.1 | %
Our finance lease at Oak Shore provides Aimco with the option to terminate the lease after the property reaches stabilization, subject to certain conditions. The lease term includes the periods covered by this option. Additionally, the lease p rovides the lessor at Oak Shore with a residual value guarantee of $6.1 million, which provides that if the residual value of the leased asset is less than the specified residual value guarantee at the earlier of lease expiration or termination, we are required to pay the difference.
Minimum Annual Lease Payments Under Operating, Financing Leases | Combined annual future minimum lease payments under our operating and finance leases are as follows as of June 30, 2025 (in thousands):
| Operating Leases |  |  | Finance Leases |
Remainder of 2025 | $ | 965 |  |  | $ | 2,247 |
2026 |  | 2,466 |  |  |  | 4,954 |
2027 |  | 2,380 |  |  |  | 5,483 |
2028 |  | 2,181 |  |  |  | 5,596 |
2029 |  | 843 |  |  |  | 5,708 |
Thereafter |  | — |  |  |  | 1,421,989 |
Total |  | 8,835 |  |  |  | 1,445,977 |
Less: Discount |  | (564 | ) |  |  | (1,322,313 | )
Total lease liabilities | $ | 8,271 |  |  | $ | 123,664 |

X
- Definition Minimum annual rental payments under these operating leases and financing leases. + References No definition available. + Details
Name: | aiv_LesseeOperatingAndFinancingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | aiv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of weighted average remaining lease terms and discount rates. + References No definition available. + Details
Name: | aiv_ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRatesTableTextBlock
Namespace Prefix: | aiv_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-12 + Details
Name: | us-gaap_LessorOperatingLeasePaymentsToBeReceivedMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479773/842-30-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration