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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2025
Sep. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 302,992 $ 274,305 $ (88,364)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 16,222 44,922 57,914
Realized and unrealized (gains) losses on interest rate contracts 102 434 (1,164)
Realized and unrealized (gains) losses on equity investments 4,868 5,475 48,101
Income tax expense (benefit) (116) 5,370 (8,731)
Share-based compensation expense   4,212 4,857
Impairment on real estate 57,373 57,373  
Other, including amortization of debt issuance costs   5,253 16,079
Discontinued operations:      
Depreciation and amortization 712 4,795 7,209
Income tax (benefit) expense 177 177  
Gain on dispositions of real estate (377,117) (377,117)  
Other adjustments to income (loss) from discontinued operations   1,185 96
Changes in operating assets and operating liabilities:      
Operating assets, net   1,906 (7,107)
Operating liabilities, net   (4,516) 15,559
Total adjustments   (251,886) 134,520
Net cash provided by operating activities   22,419 46,156
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures [1]   (73,874) (113,869)
Proceeds from dispositions of real estate   473,596  
Other investing activities   2,090 (490)
Net cash provided by (used) in investing activities   401,812 (114,359)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from non-recourse construction loans and bridge financing   34,140 84,981
Proceeds from revolving credit facility   43,800  
Principal repayments on non-recourse property debt   (69,843) (2,361)
Principal repayments on non-recourse construction loans and bridge financing   (42,081)  
Principal repayments on revolving credit facility   (43,800)  
Payments of deferred loan costs   (280) (4,324)
Proceeds from interest rate contracts   1,420 5,312
Common stock repurchased   (256) (34,144)
Payments related to withholding taxes for share-based compensation   (4,328) (941)
Dividends paid on common stock and distributions paid on OP Units   (88,213)  
Contributions from redeemable noncontrolling interests   10,953 1,390
Distributions to redeemable noncontrolling interests   (6,124) (6,289)
Contributions from noncontrolling interests   528 873
Distributions to noncontrolling interests   (1,170) (1,163)
Redemption of OP Units held by third parties   (555) (685)
Purchase of redeemable noncontrolling interests in consolidated real estate partnerships   (5,096)  
Other financing activities   (919) (3,305)
Net cash provided by (used in) financing activities   (171,824) 39,344
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH   252,407 (28,859)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF YEAR   172,956 139,267
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 425,363 425,363 110,408
Aimco OP L.P. [Member]      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) 302,992 274,305 (88,364)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 16,222 44,922 57,914
Realized and unrealized (gains) losses on interest rate contracts 102 434 (1,164)
Realized and unrealized (gains) losses on equity investments 4,868 5,475 48,101
Income tax expense (benefit) (116) 5,370 (8,731)
Share-based compensation expense   4,212 4,857
Impairment on real estate 57,373 57,373  
Other, including amortization of debt issuance costs   5,253 16,079
Discontinued operations:      
Depreciation and amortization   4,795 7,209
Income tax (benefit) expense   177  
Gain on dispositions of real estate   (377,117)  
Other adjustments to income (loss) from discontinued operations   1,185 96
Changes in operating assets and operating liabilities:      
Operating assets, net   1,906 (7,107)
Operating liabilities, net   (4,516) 15,559
Total adjustments   (251,886) 134,520
Net cash provided by operating activities   22,419 46,156
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures [2]   (73,874) (113,869)
Proceeds from dispositions of real estate   473,596  
Other investing activities   2,090 (490)
Net cash provided by (used) in investing activities   401,812 (114,359)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from non-recourse construction loans and bridge financing   34,140 84,981
Proceeds from revolving credit facility   43,800  
Principal repayments on non-recourse property debt   (69,843) (2,361)
Principal repayments on non-recourse construction loans and bridge financing   (42,081)  
Principal repayments on revolving credit facility   (43,800)  
Payments of deferred loan costs   (280) (4,324)
Proceeds from interest rate contracts   1,420 5,312
Common stock repurchased   (256) (34,144)
Payments related to withholding taxes for share-based compensation   (4,328) (941)
Dividends paid on common stock and distributions paid on OP Units   (88,213)  
Contributions from redeemable noncontrolling interests   10,953 1,390
Distributions to redeemable noncontrolling interests   (6,124) (6,289)
Contributions from noncontrolling interests   528 873
Distributions to noncontrolling interests   (1,170) (1,163)
Redemption of OP Units held by third parties   (555) (685)
Purchase of redeemable noncontrolling interests in consolidated real estate partnerships   (5,096)  
Other financing activities   (919) (3,305)
Net cash provided by (used in) financing activities   (171,824) 39,344
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH   252,407 (28,859)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF YEAR   172,956 139,267
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 425,363 425,363 110,408
Unconsolidated Real Estate Partnerships [Member]      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss (income) from unconsolidated real estate partnerships   (1,355) 1,707
Unconsolidated Real Estate Partnerships [Member] | Aimco OP L.P. [Member]      
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss (income) from unconsolidated real estate partnerships   $ (1,355) $ 1,707
[1] Accrued capital expenditures were $16.1 million and $31.6 million as of September 30, 2025 and 2024, respectively.
[2] Accrued capital expenditures were $16.1 million and $31.6 million as of September 30, 2025 and 2024, respectively.