2020 Q4 Form 10-K Financial Statement
#000156459021012671 Filed on March 12, 2021
Income Statement
Concept | 2020 Q4 | 2020 | 2019 Q4 |
---|---|---|---|
Revenue | $38.65M | $151.5M | $38.20M |
YoY Change | 1.17% | 5.4% | -83.54% |
Cost Of Revenue | -$163.0M | $61.50M | $78.80M |
YoY Change | -306.85% | -80.24% | 4.51% |
Gross Profit | -$344.3M | $89.90M | $151.3M |
YoY Change | -327.56% | -85.09% | -3.38% |
Gross Profit Margin | -890.84% | 59.36% | 396.06% |
Selling, General & Admin | -$17.50M | $10.50M | $12.70M |
YoY Change | -237.8% | -77.66% | 39.56% |
% of Gross Profit | 11.68% | 8.39% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | -$218.4M | $78.00M | $97.20M |
YoY Change | -324.69% | -79.48% | 6.35% |
% of Gross Profit | 86.76% | 64.24% | |
Operating Expenses | -$264.5M | $165.8M | $114.6M |
YoY Change | -330.8% | 28.9% | 26.49% |
Operating Profit | -$79.80M | -$14.36M | $36.70M |
YoY Change | -317.44% | -195.34% | -44.39% |
Interest Expense | $109.9M | $27.51M | -$41.50M |
YoY Change | -364.82% | 47.93% | -23.57% |
% of Operating Profit | -113.08% | ||
Other Income/Expense, Net | -$2.400M | -$3.603M | $200.0K |
YoY Change | -1300.0% | 68.29% | -300.0% |
Pretax Income | -$35.40M | -$15.92M | $141.6M |
YoY Change | -125.0% | 399.37% | 112.93% |
Income Tax | -$2.300M | -$10.15M | -$1.200M |
% Of Pretax Income | -0.85% | ||
Net Earnings | -$15.44M | -$5.041M | -$1.268M |
YoY Change | 1117.27% | -1758.22% | -112.89% |
Net Earnings / Revenue | -39.94% | -3.33% | -3.32% |
Basic Earnings Per Share | -$0.03 | -$0.01 | |
Diluted Earnings Per Share | -$174.8K | -$0.03 | -$0.01 |
COMMON SHARES | |||
Basic Shares Outstanding | 148.6M | 148.9M | |
Diluted Shares Outstanding | 148.6M |
Balance Sheet
Concept | 2020 Q4 | 2020 | 2019 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $290.0M | $290.0M | $143.0M |
YoY Change | 102.8% | 102.8% | 286.49% |
Cash & Equivalents | $289.6M | $290.0M | $5.403M |
Short-Term Investments | |||
Other Short-Term Assets | $10.00M | ||
YoY Change | -23.08% | ||
Inventory | $0.00 | ||
Prepaid Expenses | |||
Receivables | $3.000M | ||
Other Receivables | $4.000M | ||
Total Short-Term Assets | $294.0M | $307.0M | $143.0M |
YoY Change | 105.59% | 73.45% | 81.01% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.104B | $1.116B | $6.081B |
YoY Change | -81.85% | -81.73% | 6.26% |
Goodwill | $37.80M | ||
YoY Change | 0.0% | ||
Intangibles | $7.264M | ||
YoY Change | |||
Long-Term Investments | $307.4M | $333.0M | $280.3M |
YoY Change | 9.68% | -13.95% | |
Other Assets | $9.000M | $27.00M | $35.00M |
YoY Change | -74.29% | -55.0% | -2.78% |
Total Long-Term Assets | $1.546B | $1.533B | $1.117B |
YoY Change | 38.44% | -76.95% | -81.72% |
TOTAL ASSETS | |||
Total Short-Term Assets | $294.0M | $307.0M | $143.0M |
Total Long-Term Assets | $1.546B | $1.533B | $1.117B |
Total Assets | $1.840B | $1.840B | $1.260B |
YoY Change | 46.06% | -73.06% | -79.64% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $158.0M | $158.0M | $361.0M |
YoY Change | -56.23% | -56.23% | 59.73% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $164.0M | $164.0M | $361.0M |
YoY Change | -54.57% | -54.57% | 59.73% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $982.0M | $982.0M | $4.506B |
YoY Change | -78.21% | -78.21% | 10.55% |
Other Long-Term Liabilities | $0.00 | ||
YoY Change | -100.0% | ||
Total Long-Term Liabilities | $982.0M | $982.0M | $4.506B |
YoY Change | -78.21% | -78.21% | 9.93% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $164.0M | $164.0M | $361.0M |
Total Long-Term Liabilities | $982.0M | $982.0M | $4.506B |
Total Liabilities | $1.277B | $1.341B | $741.8M |
YoY Change | 72.16% | -73.44% | -82.85% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$16.84M | ||
YoY Change | |||
Common Stock | $1.490M | $0.00 | |
YoY Change | -100.0% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $499.8M | $500.0M | $513.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.840B | $1.840B | $1.260B |
YoY Change | 46.06% | -73.06% | -79.64% |
Cashflow Statement
Concept | 2020 Q4 | 2020 | 2019 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$15.44M | -$5.041M | -$1.268M |
YoY Change | 1117.27% | -1758.22% | -112.89% |
Depreciation, Depletion And Amortization | -$218.4M | $78.00M | $97.20M |
YoY Change | -324.69% | -79.48% | 6.35% |
Cash From Operating Activities | -$218.1M | $47.85M | $95.80M |
YoY Change | -327.66% | -17.41% | 2.46% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $252.6M | -$131.8M | -$110.2M |
YoY Change | -329.22% | -76.01% | -7.78% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$25.90M | -$2.472M | -$79.30M |
YoY Change | -67.34% | -133.64% | -3704.55% |
Cash From Investing Activities | $226.7M | -$129.3M | -$189.4M |
YoY Change | -219.69% | -68.68% | 61.47% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 189.2M | 370.1M | 178.1M |
YoY Change | 6.23% | 2.73% | -2354.43% |
NET CHANGE | |||
Cash From Operating Activities | -218.1M | 47.85M | 95.80M |
Cash From Investing Activities | 226.7M | -129.3M | -189.4M |
Cash From Financing Activities | 189.2M | 370.1M | 178.1M |
Net Change In Cash | 197.8M | 288.6M | 84.50M |
YoY Change | 134.08% | 5330.2% | -366.56% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$218.1M | $47.85M | $95.80M |
Capital Expenditures | $252.6M | -$131.8M | -$110.2M |
Free Cash Flow | -$470.7M | $179.6M | $206.0M |
YoY Change | -328.5% | -70.42% | -3.29% |
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31773000 | |
CY2020 | aiv |
Net Issuances Of Common Stock And Other
NetIssuancesOfCommonStockAndOther
|
823000 | |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
-5771000 | |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
113000 | |
CY2018 | us-gaap |
Profit Loss
ProfitLoss
|
3411000 | |
CY2020 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
77965000 | |
CY2019 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
64030000 | |
CY2018 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
49375000 | |
CY2018 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
37844000 | |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-10149000 | |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3301000 | |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
261000 | |
CY2020 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
15860000 | |
CY2020 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
368000 | |
CY2019 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
446000 | |
CY2018 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
647000 | |
CY2020 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
27576000 | |
CY2019 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
1531000 | |
CY2020 | us-gaap |
Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
|
-1058000 | |
CY2020 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1873000 | |
CY2019 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-1652000 | |
CY2018 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-427000 | |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1228000 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-2545000 | |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
305000 | |
CY2020 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
53617000 | |
CY2019 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
57816000 | |
CY2018 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
50075000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
47846000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
57929000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
53486000 | |
CY2020 | us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
107908000 | |
CY2019 | us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
95895000 | |
CY2020 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
23889000 | |
CY2019 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
39334000 | |
CY2019 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
277627000 | |
CY2020 | us-gaap |
Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
|
2472000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-129325000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-412856000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-37844000 | |
CY2020 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
40000000 | |
CY2019 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
62480000 | |
CY2018 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
93280000 | |
CY2020 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
84193000 | |
CY2019 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
57875000 | |
CY2018 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
118009000 | |
CY2019 | aiv |
Proceeds From Notes Payable Due To Affilitates
ProceedsFromNotesPayableDueToAffilitates
|
66295000 | |
CY2020 | us-gaap |
Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
|
12245000 | |
CY2020 | aiv |
Net Change In Aimco Predecessor Investment
NetChangeInAIMCOPredecessorInvestment
|
420929000 | |
CY2019 | aiv |
Net Change In Aimco Predecessor Investment
NetChangeInAIMCOPredecessorInvestment
|
285745000 | |
CY2018 | aiv |
Net Change In Aimco Predecessor Investment
NetChangeInAIMCOPredecessorInvestment
|
11073000 | |
CY2020 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
20106000 | |
CY2019 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
4911000 | |
CY2020 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-14503000 | |
CY2019 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-1314000 | |
CY2018 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-2267000 | |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
370094000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
360242000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-15923000 | |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
288615000 | |
CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
5315000 | |
CY2018 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-281000 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10120000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4805000 | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5086000 | |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
298735000 | |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10120000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4805000 | |
CY2020 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Note 1 — Basis of Presentation and Organization</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Basis of Presentation</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The accompanying consolidated financial statements include the accounts of Apartment Investment and Management Company (“Aimco”), AIMCO OP L.P. (“Aimco Operating Partnership”) and their consolidated subsidiaries. The Aimco Operating Partnership’s consolidated financial statements include the accounts of the Aimco Operating Partnership and its consolidated subsidiaries. All significant intercompany balances have been eliminated in consolidation.</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:2.81%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Except as the context otherwise requires, “we,” “us,” and “our,” refer to Aimco, the Aimco Operating Partnership, and their consolidated entities.</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">The Separation</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:3.52%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On December 15, 2020, Aimco completed the separation of its businesses (the “Separation”), creating two, separate and distinct, publicly traded companies, Aimco and Apartment Income REIT Corp. (“AIR”).</p> <p style="margin-bottom:6pt;margin-top:6pt;text-align:justify;text-indent:3.52%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Notwithstanding the legal form of the Separation, for accounting and financial reporting purposes, Aimco is presented as being spun-off from AIR. This presentation is in accordance with generally accepted accounting principles in the U.S. (“GAAP”), and is due primarily to the relative significance of Aimco’s business, as measured in terms of revenues, net income, assets, and other relevant indicators, as compared to those indicators for AIR before the Separation. Therefore, Aimco is the accounting spinnee and AIR is considered the divesting entity and is treated as the accounting spinnor (Aimco and AIR together, as they existed prior to the Separation, “Aimco Predecessor”).</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:3.52%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">P<span style="Background-color:#FFFFFF;">rior to the Separation, the consolidated financial statements were prepared on a carve-out basis and reflect significant assumptions and allocations. The consolidated financial statements reflect our historical consolidated financial position, results of operations, and cash flows in conformity with U.S. GAAP. The historical financial statements of Aimco do not represent the financial position and results of operations of one legal entity, but r</span>ather a combination of entities under common control that have been “carved out” from Aimco Predecessor’s financial statements. All significant intercompany balances have been eliminated in consolidation.<span style="Background-color:#FFFFFF;color:#000000;"> </span></p> <p style="text-align:justify;Background-color:#FFFFFF;margin-bottom:6pt;margin-top:6pt;text-indent:3.52%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><span style="Background-color:#FFFFFF;">All separation related transactions between Aimco and Aimco Predecessor are considered effectively settled through partners’ capital in our consolidated financial statements, other than the Notes Payable to AIR as discussed in Note 8. The settlement of these transactions is reflected as net contributions from and distributions to Aimco Predecessor in our consolidated statements of equity and partners’ capital and net change in Aimco Predecessor invesment in our consolidated statements of cash flows as financing activities.</span> </p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Organization and Business</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Aimco, a Maryland corporation incorporated on January 10, 1994, is a self-administered and self-managed real estate investment trust (“REIT”). Aimco, through a wholly-owned subsidiary, is the general and special limited partner of the Aimco Operating Partnership. As of December 31, 2020, Aimco owned approximately 93.2% of the legal interest in the common partnership units of the Aimco Operating Partnership and 94.8% of the economic interest in the Aimco Operating Partnership. The remaining 6.8% legal interest is owned by limited partners. As the sole general partner of the Aimco Operating Partnership, Aimco has exclusive control of the Aimco Operating Partnership’s day-to-day management.</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Following the completion of the Separation, we retained the development and redevelopment business of Aimco, 25 consolidated communities including 16 multi-family communities securing $534.1 million of Notes Payable to AIR, and four partially-owned communities that we do not consolidate. In the fourth quarter of 2020 we entered into a joint venture for the development of a property located in the Washington, D.C. area. In addition, we hold other opportunistic investments including 1001 Brickell Bay Drive; our indirect interest in the loan to, and the equity option in, Maximus PM Mezzanine A LLC, the partnership that owns Parkmerced Apartments (the “Mezzanine Investment”); and our IQHQ, Inc. (“IQHQ”) investment. </p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We own and operate a portfolio of apartment communities, diversified by both geography and price point in 12 states and the District of Columbia. As of December 31, 2020, our portfolio included 27 properties with 6,342 apartment homes. Any reference to the number of apartment communities and homes, square footage, or occupancy percentage in these notes to our consolidated financial statements are unaudited.</p> <p style="text-align:justify;margin-bottom:6pt;margin-top:6pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;"> </p> | |
CY2020 | us-gaap |
Allocations To Policyholders Policies
AllocationsToPolicyholdersPolicies
|
<p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Allocations</p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The consolidated statements of operations include allocations of general and administrative expenses from Aimco Predecessor, as discussed in Note 5 —Transactions with AIR. We consider the basis on which expenses have been allocated to be a reasonable reflection of the utilization of services provided to or the benefit received by us during the periods presented. However, the allocations may not include all the actual expenses that we would have incurred and may not reflect our consolidated results of operations, financial position, and cash flows had it been a stand-alone company during the periods presented. Actual costs that might have been incurred had we been a stand-alone company would depend on a number of factors, including the chosen organizational structure, what functions we might have performed ourselves or outsourced, and strategic decisions we might have made in areas such as information technology and infrastructure. Following the Separation, AIR, through its subsidiaries, provides Aimco with certain property management and other services, and we perform certain functions using our own resources or purchase services from third parties. </p> | |
CY2020 | aiv |
Redeemable Noncontrolling Interest Policies
RedeemableNoncontrollingInterestPolicies
|
<p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:0%;;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Common Noncontrolling Interests in Aimco Operating Partnership</p> <p style="text-align:justify;Background-color:#FFFFFF;margin-bottom:0pt;margin-top:0pt;text-indent:7.03%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Common noncontrolling interests in Aimco Operating Partnership consist of common OP Units and are reflected in Aimco’s accompanying consolidated balance sheets as common noncontrolling interests in Aimco Operating Partnership. The Aimco Operating Partnership’s income or loss is allocated to the holders of common OP Units, other than Aimco, based on the weighted-average number of common OP Units (including Aimco) outstanding during the period. During the years ended December 31, 2020, 2019, and 2018, the holders of common OP Units had a weighted-average economic ownership interest in the Aimco Operating Partnership of <span>5.4%</span>. Please refer to Note 11 for further information regarding the items comprising common noncontrolling interests in the Aimco Operating Partnership. Substantially all of the assets and liabilities of Aimco are held by the Aimco Operating Partnership.</p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:0%;;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Redeemable Noncontrolling Interest in Consolidated Real Estate Partnerships</p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Redeemable noncontrolling interest consists of equity interests held by a limited partner in a consolidated real estate partnership that has a finite life. We generally attribute to noncontrolling interests their share of income or loss of consolidated partnerships based on their proportionate interest in the results of operations of the partnerships, including their share of losses even if such attribution results in a deficit noncontrolling interest balance within our equity accounts. </p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">If a real estate partnership includes redemption rights that are not within our control, the noncontrolling interest is included as temporary equity. If the redemption right is not currently redeemable but probable of being redeemable in the future, changes in redemption value are recognized each quarter with the change in value being reflected in additional paid-in-capital.</p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The assets of our consolidated real estate partnerships must first be used to settle the liabilities of the consolidated real estate partnerships. The consolidated real estate partnership’s creditors do not have recourse to the general credit of the Aimco Operating Partnership.</p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The following table represents a reconciliation of our redeemable noncontrolling interest in consolidated real estate partnerships during the year ended December 31, 2020 (in thousands):</p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:100%;"> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:72.2%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Balance at December 31, 2019</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.98%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:22.8%;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,720</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.2%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:13.7pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Net loss</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.98%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:22.8%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(457</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:72.2%; border-bottom:double 2.5pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:6.85pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Balance at December 31, 2020</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.98%; border-bottom:double 2.5pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:22.8%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">4,263</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> </table></div> | |
CY2019 | aiv |
Noncontrolling Interest Weighted Average Ownership Percentage By Noncontrolling Owners During Period
NoncontrollingInterestWeightedAverageOwnershipPercentageByNoncontrollingOwnersDuringPeriod
|
0.054 | |
CY2020 | aiv |
Noncontrolling Interest Weighted Average Ownership Percentage By Noncontrolling Owners During Period
NoncontrollingInterestWeightedAverageOwnershipPercentageByNoncontrollingOwnersDuringPeriod
|
0.054 | |
CY2018 | aiv |
Noncontrolling Interest Weighted Average Ownership Percentage By Noncontrolling Owners During Period
NoncontrollingInterestWeightedAverageOwnershipPercentageByNoncontrollingOwnersDuringPeriod
|
0.054 | |
CY2020 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
1000000.0 | |
CY2019 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
200000 | |
CY2018 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
300000 | |
CY2020 | aiv |
Other Direct And Indirect Costs Capitalized
OtherDirectAndIndirectCostsCapitalized
|
2700000 | |
CY2019 | aiv |
Other Direct And Indirect Costs Capitalized
OtherDirectAndIndirectCostsCapitalized
|
4100000 | |
CY2018 | aiv |
Other Direct And Indirect Costs Capitalized
OtherDirectAndIndirectCostsCapitalized
|
4900000 | |
CY2020 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | |
CY2019 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | |
CY2018 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | |
CY2019 | us-gaap |
Interest Paid Net
InterestPaidNet
|
17748000 | |
CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
19296000 | |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
9216000 | |
CY2019 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1773000 | |
CY2018 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
284000 | |
CY2019 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
66779000 | |
CY2020 | aiv |
Noncash Or Part Noncash Acquisition Contributions From Predecessor
NoncashOrPartNoncashAcquisitionContributionsFromPredecessor
|
955000 | |
CY2020 | aiv |
Noncash Or Part Noncash Acquisition Contributions From Minority Shareholders
NoncashOrPartNoncashAcquisitionContributionsFromMinorityShareholders
|
11667000 | |
CY2019 | aiv |
Non Cash Deferred Tax Liability Assumed
NonCashDeferredTaxLiabilityAssumed
|
148809000 | |
CY2020 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1641000 | |
CY2019 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1966000 | |
CY2018 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
3964000 | |
CY2018 | aiv |
Non Recourse Property Debt Assumed With Collateral Substitution
NonRecoursePropertyDebtAssumedWithCollateralSubstitution
|
72296000 | |
CY2020 | us-gaap |
Notes Issued1
NotesIssued1
|
534127000 | |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
22152000 | |
CY2020 | us-gaap |
Contribution Of Property
ContributionOfProperty
|
131447000 | |
CY2020Q4 | aiv |
Net Lease Intangible Assets
NetLeaseIntangibleAssets
|
7264000 | |
CY2019Q4 | aiv |
Net Lease Intangible Assets
NetLeaseIntangibleAssets
|
13380000 | |
CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1467000 | |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
80000 | |
CY2020Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
2660000 | |
CY2019Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
2313000 | |
CY2020Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
10493000 | |
CY2019Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
2991000 | |
CY2020Q4 | us-gaap |
Investments
Investments
|
12500000 | |
CY2020Q4 | aiv |
Corporate Fixed Assets
CorporateFixedAssets
|
12860000 | |
CY2020Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
17557000 | |
CY2019Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
2354000 | |
CY2020Q4 | us-gaap |
Other Assets
OtherAssets
|
63334000 | |
CY2019Q4 | us-gaap |
Other Assets
OtherAssets
|
21038000 | |
CY2020 | aiv |
Summary Of Lease Intangible Assets And Liabilities Net Of Accumulated Amortization Table Text Block1
SummaryOfLeaseIntangibleAssetsAndLiabilitiesNetOfAccumulatedAmortizationTableTextBlock1
|
<p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Intangible lease assets are included in other assets, net and intangible lease liabilities are included in accrued liabilities and other on the consolidated balance sheets. The following table details intangible lease assets and liabilities, net of accumulated amortization, for the years ended December 31, 2020, and 2019 (in thousands).</p> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin:auto;border-collapse:collapse; width:100%;"> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:60.16%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:solid 0.75pt transparent;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:16.82%; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2020</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td colspan="2" style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:16.82%; border-bottom:solid 0.75pt #000000;" valign="bottom"> <p style="text-align:center;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2019</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="bottom"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:60.16%;" valign="top"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">In-place leases and leasing costs</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.08%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">17,203</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.08%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">16,355</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:60.16%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Above-market leases</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.08%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">146</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.08%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">145</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:60.16%; border-bottom:solid 0.75pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less: accumulated amortization</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:solid 0.75pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(10,085</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:solid 0.75pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(3,120</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:60.16%; border-bottom:double 2.5pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Intangible lease assets, net</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:double 2.5pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">7,264</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:double 2.5pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">13,380</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:60.16%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.08%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.08%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:60.16%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Below-market leases</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.08%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,886</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:2.08%;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">4,219</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> <tr> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:60.16%; border-bottom:solid 0.75pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Less: accumulated amortization</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:solid 0.75pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(2,366</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:solid 0.75pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(633</p></td> <td style="background-color:#CFF0FC;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-bottom:solid 0.75pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">)</p></td> </tr> <tr> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:60.16%; border-bottom:double 2.5pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Intangible lease liabilities, net</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:double 2.5pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">2,520</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;width:2.08%; border-bottom:double 2.5pt transparent;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">$</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:15.82%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="text-align:right;margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">3,586</p></td> <td style="background-color:#FFFFFF;padding-left:0pt;padding-Right:0.75pt;padding-Top:0.75pt;padding-Bottom:0pt;width:1%; border-top:solid 0.75pt #000000; border-bottom:double 2.5pt #000000;white-space:nowrap;" valign="middle"> <p style="margin-bottom:0pt;margin-top:0pt;margin-left:0pt;;text-indent:0pt;;font-weight:bold;color:#000000;font-size:1pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> </tr> </table></div> | |
CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
10085000 | |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
3120000 | |
CY2020Q4 | aiv |
Net Lease Intangible Assets
NetLeaseIntangibleAssets
|
7264000 | |
CY2019Q4 | aiv |
Net Lease Intangible Assets
NetLeaseIntangibleAssets
|
13380000 | |
CY2020Q4 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
4886000 | |
CY2019Q4 | us-gaap |
Below Market Lease Gross
BelowMarketLeaseGross
|
4219000 | |
CY2020Q4 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
2366000 | |
CY2019Q4 | us-gaap |
Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
|
633000 | |
CY2020Q4 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
2520000 | |
CY2019Q4 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
3586000 | |
CY2020Q4 | us-gaap |
Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
|
1201000 | |
CY2020Q4 | us-gaap |
Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
|
676000 | |
CY2020Q4 | us-gaap |
Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
|
321000 | |
CY2020Q4 | us-gaap |
Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
|
176000 | |
CY2020Q4 | us-gaap |
Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
|
146000 | |
CY2020Q4 | us-gaap |
Below Market Lease Net
BelowMarketLeaseNet
|
2520000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
3000000 | |
CY2020 | aiv |
Sublease Lease Liability Income Due Year Five
SubleaseLeaseLiabilityIncomeDueYearFive
|
1423000 | |
CY2020Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1930000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
3500000 | |
CY2020 | aiv |
Sublease Lease Liability Income Due After Year Five
SubleaseLeaseLiabilityIncomeDueAfterYearFive
|
4959000 | |
CY2020Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
6814000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
1151782000 | |
CY2020 | aiv |
Sublease Lease Liability Income Due
SubleaseLeaseLiabilityIncomeDue
|
11971000 | |
CY2020Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
15828000 | |
CY2020Q4 | aiv |
Financing Lease Liability Payments Due
FinancingLeaseLiabilityPaymentsDue
|
1163082000 | |
CY2020 | us-gaap |
Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
|
<p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:0%;;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Revenue from Leases</p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We are a lessor for residential and commercial leases. Our operating leases with residents may provide that the resident reimburse us for certain costs, primarily the resident’s share of utilities expenses, incurred by the apartment community. Our operating leases with commercial tenants may provide that the tenant reimburse us for common area maintenance, real estate taxes, and other recoverable costs incurred by the commercial property. </p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Beginning in 2019, with the adoption of ASC 842, we concluded that residential and commercial reimbursements represent revenue attributable to non-lease components for which the timing and pattern of recognition is the same as the revenue for the lease components. We adopted the practical expedient that allows us to account for the lease and non-lease components as a single component. Reimbursements and the related expenses are presented on a gross basis in our consolidated statements of operations, with the reimbursements included in rental and other property revenues in our consolidated statements of operations in the period the recoverable costs are incurred. We recognize rental revenue attributed to lease components, net of any concessions, on a straight-line basis over the term of the lease.</p> | |
CY2020Q4 | aiv |
Percentage Of Income Tax On Income From Non Arms Length Transactions
PercentageOfIncomeTaxOnIncomeFromNonArmsLengthTransactions
|
1 | |
CY2020 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:0%;;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="text-align:justify;margin-bottom:9pt;margin-top:9pt;text-indent:2.81%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of our consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts included in the consolidated financial statements and accompanying notes thereto. Actual results could differ from those estimates.</p> | |
CY2020Q4 | aiv |
Promissory Notes Issued
PromissoryNotesIssued
|
85000000.0 | |
CY2020Q4 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
0.81 | |
CY2020 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
5200000 | |
CY2020 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
140140000 | |
CY2019 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
133180000 | |
CY2020 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
11192000 | |
CY2019 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
9929000 | |
CY2020 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
151332000 | |
CY2019 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
143109000 | |
CY2020 | aiv |
Sublease Lease Liability Income Due Next Twelve Months
SubleaseLeaseLiabilityIncomeDueNextTwelveMonths
|
1380000 | |
CY2020Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1472000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
1200000 | |
CY2020 | aiv |
Sublease Lease Liability Income Due Year Two
SubleaseLeaseLiabilityIncomeDueYearTwo
|
1393000 | |
CY2020Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1841000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
1600000 | |
CY2020 | aiv |
Sublease Lease Liability Income Due Year Three
SubleaseLeaseLiabilityIncomeDueYearThree
|
1403000 | |
CY2020Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1871000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
2000000 | |
CY2020 | aiv |
Sublease Lease Liability Income Due Year Four
SubleaseLeaseLiabilityIncomeDueYearFour
|
1413000 | |
CY2020Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1900000 | |
CY2020Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
2113000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
1076301000 | |
CY2020Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
13715000 | |
CY2020Q4 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
86781000 | |
CY2020 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
9800000 | |
CY2019 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
9500000 | |
CY2018 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
7600000 | |
CY2020Q4 | aiv |
Guarantee Liability Amount
GuaranteeLiabilityAmount
|
16400000 | |
CY2020 | aiv |
Estimated Market Discount Rate
EstimatedMarketDiscountRate
|
0.0425 | |
CY2020Q4 | aiv |
Debt Instrument Deemed Rate
DebtInstrumentDeemedRate
|
0.0025 | |
CY2020Q4 | us-gaap |
Loans Payable
LoansPayable
|
215400 | |
CY2020Q4 | aiv |
Secured Debt Gross
SecuredDebtGross
|
449510000 | |
CY2019Q4 | aiv |
Secured Debt Gross
SecuredDebtGross
|
493886000 | |
CY2020Q4 | aiv |
Assumed Debt Fair Value Adjustment
AssumedDebtFairValueAdjustment
|
1850000 | |
CY2019Q4 | aiv |
Assumed Debt Fair Value Adjustment
AssumedDebtFairValueAdjustment
|
2153000 | |
CY2020Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
3393000 | |
CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
3401000 | |
CY2020Q4 | us-gaap |
Secured Debt
SecuredDebt
|
447967000 | |
CY2019Q4 | us-gaap |
Secured Debt
SecuredDebt
|
492638000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization Of Principal In Next Twelve Months
LongTermDebtAmortizationOfPrincipalInNextTwelveMonths
|
8648000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization And Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtAmortizationAndMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
8648000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization Of Principal In Year Two
LongTermDebtAmortizationOfPrincipalInYearTwo
|
9087000 | |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
15773000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization And Maturities Repayments Of Principal In Year Two
LongTermDebtAmortizationAndMaturitiesRepaymentsOfPrincipalInYearTwo
|
24860000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization Of Principal In Next Year Three
LongTermDebtAmortizationOfPrincipalInNextYearThree
|
9144000 | |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
55000000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization And Maturities Repayments Of Principal In Year Three
LongTermDebtAmortizationAndMaturitiesRepaymentsOfPrincipalInYearThree
|
64144000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization Of Principal In Year Four
LongTermDebtAmortizationOfPrincipalInYearFour
|
7099000 | |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
81940000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization And Maturities Repayments Of Principal In Year Four
LongTermDebtAmortizationAndMaturitiesRepaymentsOfPrincipalInYearFour
|
89039000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization Of Principal In Year Five
LongTermDebtAmortizationOfPrincipalInYearFive
|
7361000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization And Maturities Repayments Of Principal In Year Five
LongTermDebtAmortizationAndMaturitiesRepaymentsOfPrincipalInYearFive
|
7361000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization Of Principal After Year Five
LongTermDebtAmortizationOfPrincipalAfterYearFive
|
17363000 | |
CY2020Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
238095000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization And Maturities Repayments Of Principal After Year Five
LongTermDebtAmortizationAndMaturitiesRepaymentsOfPrincipalAfterYearFive
|
255458000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization Of Principal Amount
LongTermDebtAmortizationOfPrincipalAmount
|
58702000 | |
CY2020Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
390808000 | |
CY2020Q4 | aiv |
Long Term Debt Amortization And Maturities Repayments Of Principal Amount
LongTermDebtAmortizationAndMaturitiesRepaymentsOfPrincipalAmount
|
449510000 | |
CY2020Q4 | aiv |
Deferred Tax Liabilities Partnership Differences
DeferredTaxLiabilitiesPartnershipDifferences
|
132599000 | |
CY2019Q4 | aiv |
Deferred Tax Liabilities Partnership Differences
DeferredTaxLiabilitiesPartnershipDifferences
|
148842000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
999000 | |
CY2019Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
615000 | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
40000 | |
CY2020Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
131560000 | |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
148227000 | |
CY2020 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
857000 | |
CY2019 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
1313000 | |
CY2018 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | |
CY2020 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
660000 | |
CY2019 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
536000 | |
CY2018 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
284000 | |
CY2020 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
1517000 | |
CY2019 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
1849000 | |
CY2018 | us-gaap |
Current Federal State And Local Tax Expense Benefit
CurrentFederalStateAndLocalTaxExpenseBenefit
|
284000 | |
CY2020 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-10470000 | |
CY2019 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-4658000 | |
CY2018 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
16000 | |
CY2020 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-1196000 | |
CY2019 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-492000 | |
CY2018 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-39000 | |
CY2020 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
-11666000 | |
CY2019 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
-5150000 | |
CY2018 | us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
-23000 | |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-10149000 | |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3301000 | |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
261000 | |
CY2020 | aiv |
Consolidated Income Loss Subject To Tax
ConsolidatedIncomeLossSubjectToTax
|
-25500000 | |
CY2019 | aiv |
Consolidated Income Loss Subject To Tax
ConsolidatedIncomeLossSubjectToTax
|
-7500000 | |
CY2018 | aiv |
Consolidated Income Loss Subject To Tax
ConsolidatedIncomeLossSubjectToTax
|
-100000 | |
CY2020 | aiv |
Income Tax Reconciliation Income Tax Expense Benefit Continuingand Discontinued Operations At Federal Statutory Income Tax Rate Amount
IncomeTaxReconciliationIncomeTaxExpenseBenefitContinuingandDiscontinuedOperationsAtFederalStatutoryIncomeTaxRateAmount
|
-5361000 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2019 | aiv |
Income Tax Reconciliation Income Tax Expense Benefit Continuingand Discontinued Operations At Federal Statutory Income Tax Rate Amount
IncomeTaxReconciliationIncomeTaxExpenseBenefitContinuingandDiscontinuedOperationsAtFederalStatutoryIncomeTaxRateAmount
|
-1582000 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2018 | aiv |
Income Tax Reconciliation Income Tax Expense Benefit Continuingand Discontinued Operations At Federal Statutory Income Tax Rate Amount
IncomeTaxReconciliationIncomeTaxExpenseBenefitContinuingandDiscontinuedOperationsAtFederalStatutoryIncomeTaxRateAmount
|
16000 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.210 | |
CY2020 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-4195000 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.164 | |
CY2019 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
-1779000 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.236 | |
CY2018 | us-gaap |
Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
|
0 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0 | |
CY2020 | aiv |
Income Tax Reconciliation State And Local Income Taxes Continuing And Discontinued Operations
IncomeTaxReconciliationStateAndLocalIncomeTaxesContinuingAndDiscontinuedOperations
|
-536000 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.021 | |
CY2019 | aiv |
Income Tax Reconciliation State And Local Income Taxes Continuing And Discontinued Operations
IncomeTaxReconciliationStateAndLocalIncomeTaxesContinuingAndDiscontinuedOperations
|
34000 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
-0.005 | |
CY2018 | aiv |
Income Tax Reconciliation State And Local Income Taxes Continuing And Discontinued Operations
IncomeTaxReconciliationStateAndLocalIncomeTaxesContinuingAndDiscontinuedOperations
|
245000 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
3.266 | |
CY2020 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
1000 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0.000 | |
CY2018 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
0 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0 | |
CY2020 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
-58000 | |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.002 | |
CY2020Q4 | us-gaap |
Unrecognized Tax Benefits
UnrecognizedTaxBenefits
|
7076000 | |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1070000 | |
CY2020 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
138000 | |
CY2020 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1
SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1
|
1208000 | |
CY2020Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
1500000 | |
CY2020 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P1Y6M | |
CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Period Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPeriodIncreaseDecrease
|
86630 | |
CY2019 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
26000 | |
CY2019 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.003 | |
CY2018 | us-gaap |
Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
|
0 | |
CY2018 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0 | |
CY2020 | aiv |
Income Tax Expense Benefits
IncomeTaxExpenseBenefits
|
-10149000 | |
CY2020 | aiv |
Effective Income Tax Rate Continuing And Discontinued Operations
EffectiveIncomeTaxRateContinuingAndDiscontinuedOperations
|
0.397 | |
CY2019 | aiv |
Income Tax Expense Benefits
IncomeTaxExpenseBenefits
|
-3301000 | |
CY2019 | aiv |
Effective Income Tax Rate Continuing And Discontinued Operations
EffectiveIncomeTaxRateContinuingAndDiscontinuedOperations
|
0.438 | |
CY2018 | aiv |
Income Tax Expense Benefits
IncomeTaxExpenseBenefits
|
261000 | |
CY2018 | aiv |
Effective Income Tax Rate Continuing And Discontinued Operations
EffectiveIncomeTaxRateContinuingAndDiscontinuedOperations
|
3.476 | |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
9200000 | |
CY2019 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1800000 | |
CY2018 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
300000 | |
CY2020 | aiv |
Ordinary Income Dividends Per Share Declared
OrdinaryIncomeDividendsPerShareDeclared
|
3.17 | |
CY2020 | aiv |
Ordinary Income Dividends Declared Percentage
OrdinaryIncomeDividendsDeclaredPercentage
|
0.067 | |
CY2019 | aiv |
Ordinary Income Dividends Per Share Declared
OrdinaryIncomeDividendsPerShareDeclared
|
0.66 | |
CY2019 | aiv |
Ordinary Income Dividends Declared Percentage
OrdinaryIncomeDividendsDeclaredPercentage
|
0.206 | |
CY2018 | aiv |
Ordinary Income Dividends Per Share Declared
OrdinaryIncomeDividendsPerShareDeclared
|
0.51 | |
CY2018 | aiv |
Ordinary Income Dividends Declared Percentage
OrdinaryIncomeDividendsDeclaredPercentage
|
0.335 | |
CY2020 | aiv |
Capital Gains Dividends Per Share Declared
CapitalGainsDividendsPerShareDeclared
|
19.43 | |
CY2020 | aiv |
Capital Gains Dividends Declared Percentage
CapitalGainsDividendsDeclaredPercentage
|
0.409 | |
CY2019 | aiv |
Capital Gains Dividends Per Share Declared
CapitalGainsDividendsPerShareDeclared
|
1.29 | |
CY2019 | aiv |
Capital Gains Dividends Declared Percentage
CapitalGainsDividendsDeclaredPercentage
|
0.404 | |
CY2018 | aiv |
Capital Gains Dividends Per Share Declared
CapitalGainsDividendsPerShareDeclared
|
0.93 | |
CY2018 | aiv |
Capital Gains Dividends Declared Percentage
CapitalGainsDividendsDeclaredPercentage
|
0.612 | |
CY2020 | aiv |
Qualified Dividends Per Share Declared
QualifiedDividendsPerShareDeclared
|
0.62 | |
CY2020 | aiv |
Qualified Dividends Declared Percentage
QualifiedDividendsDeclaredPercentage
|
0.013 | |
CY2019 | aiv |
Qualified Dividends Per Share Declared
QualifiedDividendsPerShareDeclared
|
0.66 | |
CY2019 | aiv |
Qualified Dividends Declared Percentage
QualifiedDividendsDeclaredPercentage
|
0.207 | |
CY2018 | aiv |
Qualified Dividends Declared Percentage
QualifiedDividendsDeclaredPercentage
|
0 | |
CY2020 | aiv |
Unrecaptured Gain Dividends Per Share Declared
UnrecapturedGainDividendsPerShareDeclared
|
8.80 | |
CY2020 | aiv |
Unrecaptured Gain Dividends Declared Percentage
UnrecapturedGainDividendsDeclaredPercentage
|
0.185 | |
CY2019 | aiv |
Unrecaptured Gain Dividends Per Share Declared
UnrecapturedGainDividendsPerShareDeclared
|
0.58 | |
CY2019 | aiv |
Unrecaptured Gain Dividends Declared Percentage
UnrecapturedGainDividendsDeclaredPercentage
|
0.183 | |
CY2018 | aiv |
Unrecaptured Gain Dividends Per Share Declared
UnrecapturedGainDividendsPerShareDeclared
|
0.08 | |
CY2018 | aiv |
Unrecaptured Gain Dividends Declared Percentage
UnrecapturedGainDividendsDeclaredPercentage
|
0.054 | |
CY2020 | aiv |
Return Of Capital Per Share Declared
ReturnOfCapitalPerShareDeclared
|
15.48 | |
CY2020 | aiv |
Return Of Capital Declared Percentage
ReturnOfCapitalDeclaredPercentage
|
0.326 | |
CY2020 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
47.50 | |
CY2020 | aiv |
Common Stock Dividends Declared Percentage
CommonStockDividendsDeclaredPercentage
|
1 | |
CY2019 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
3.19 | |
CY2019 | aiv |
Common Stock Dividends Declared Percentage
CommonStockDividendsDeclaredPercentage
|
1 | |
CY2018 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
1.52 | |
CY2018 | aiv |
Common Stock Dividends Declared Percentage
CommonStockDividendsDeclaredPercentage
|
1 | |
CY2020 | aiv |
Unrecognized Tax Benefits Liability Assumed At Separation
UnrecognizedTaxBenefitsLiabilityAssumedAtSeparation
|
6889000 | |
CY2020 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
|
187000 | |
CY2020Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
|
1490000 | |
CY2019 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
304000 | |
CY2019 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
148569000 | |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3243000 | |
CY2018 | aiv |
Gross Weighted Average Number Of Shares Outstanding Basic
GrossWeightedAverageNumberOfSharesOutstandingBasic
|
148549000 | |
CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2018 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
20000 | |
CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3243000 | |
CY2018 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
148569000 | |
CY2020 | aiv |
Limited Liability Company Or Limited Partnership Equity Activities And Description
LimitedLiabilityCompanyOrLimitedPartnershipEquityActivitiesAndDescription
|
On December 15, 2020, we completed the previously announced separation of our business into two, separate and distinct, publicly traded companies, Aimco and AIR. The Separation was effected by way of a pro rata distribution, in which stockholders of Aimco received one share of Class A common stock of AIR for every one share of Class A common stock of Aimco held as of the close of business on December 5, 2020. AIR Operating Partnership also completed a pro rata distribution of all of the outstanding common limited partnership units of Aimco Operating Partnership to holders of AIR Operating Partnership common limited partnership units and AIR Operating Partnership Class I High Performance partnership units as of the close of business on December 5, 2020. | |
CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
510587500 | |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5041000 | |
CY2020 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
148569000 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
304000 | |
CY2019 | aiv |
Gross Weighted Average Number Of Shares Outstanding Basic
GrossWeightedAverageNumberOfSharesOutstandingBasic
|
148549000 | |
CY2019 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
20000 | |
CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2020 | us-gaap |
Derivative Description Of Terms
DerivativeDescriptionOfTerms
|
We receive a cash settlement in the future if the prevailing interest rate is higher than the 1.68% strike price. The amount of future cash settlement is capped if the prevailing interest rate exceeds 2.78%. Alternatively, if interest rates were to decrease below the specified strike price, we would not receive a cash settlement. | |
CY2020 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
3 | |
CY2020 | us-gaap |
Revenues
Revenues
|
151451000 | |
CY2020 | aiv |
Property Operating Expenses
PropertyOperatingExpenses
|
61514000 | |
CY2020 | aiv |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
104294000 | |
CY2020 | us-gaap |
Operating Expenses
OperatingExpenses
|
165808000 | |
CY2020 | aiv |
Operating Income Loss Property
OperatingIncomeLossProperty
|
-14357000 | |
CY2020 | aiv |
Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
|
-1563000 | |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-15920000 | |
CY2019 | us-gaap |
Revenues
Revenues
|
143692000 | |
CY2019 | aiv |
Property Operating Expenses
PropertyOperatingExpenses
|
57541000 | |
CY2019 | aiv |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
71092000 | |
CY2019 | us-gaap |
Operating Expenses
OperatingExpenses
|
128633000 | |
CY2019 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3188000 | |
CY2018 | us-gaap |
Revenues
Revenues
|
132163000 | |
CY2018 | aiv |
Property Operating Expenses
PropertyOperatingExpenses
|
53552000 | |
CY2018 | aiv |
Other Operating Expenses Not Allocated To Reportable Segment
OtherOperatingExpensesNotAllocatedToReportableSegment
|
55141000 | |
CY2018 | us-gaap |
Operating Expenses
OperatingExpenses
|
108693000 | |
CY2018 | aiv |
Operating Income Loss Property
OperatingIncomeLossProperty
|
23470000 | |
CY2018 | aiv |
Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
|
-19798000 | |
CY2018 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3672000 | |
CY2020 | us-gaap |
Lessee Finance Lease Description
LesseeFinanceLeaseDescription
|
According to the terms of the lease agreements, we have the option to complete the on-going development and redevelopment of such properties and their lease-ups. If we elect such options, following the successful completion of the contemplated development and redevelopments, AIR has the option (and not an obligation) to pay us an amount equal to the difference between the then-current fair market value of the properties and the initial fair market value of the properties at the time of lease inception, at a five percent discount thereto. | |
CY2020 | aiv |
Fair Value Discount Rate
FairValueDiscountRate
|
0.05 | |
CY2020Q4 | us-gaap |
Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
|
P25Y | |
CY2020Q4 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
15900000 | |
CY2020Q1 | us-gaap |
Revenues
Revenues
|
38309000 | |
CY2020Q2 | us-gaap |
Revenues
Revenues
|
37165000 | |
CY2020Q3 | us-gaap |
Revenues
Revenues
|
37328000 | |
CY2020Q4 | us-gaap |
Revenues
Revenues
|
38649000 | |
CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
3785000 | |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3883000 | |
CY2020Q3 | us-gaap |
Profit Loss
ProfitLoss
|
1996000 | |
CY2020Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-15435000 | |
CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3897000 | |
CY2020Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3994000 | |
CY2020Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2118000 | |
CY2020Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-15050000 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.03 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.03 | |
CY2020Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.01 | |
CY2020Q4 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.10 | |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
35789000 | |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1310000 | |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
1178000 | |
CY2019Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-1107000 | |
CY2019Q4 | us-gaap |
Profit Loss
ProfitLoss
|
-1268000 | |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1322000 | |
CY2019Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1178000 | |
CY2019Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-958000 | |
CY2019Q4 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1238000 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2019Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2019Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2019Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2020Q4 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
6067 | |
CY2020Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
298458000 | |
CY2020Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
405409000 | |
CY2020Q4 | us-gaap |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
|
367379000 | |
CY2020Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
298458000 | |
CY2020Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
772788000 | |
CY2020Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
1071246000 | |
CY2020Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
469876000 | |
CY2020Q4 | aiv |
Real Estate And Accumulated Depreciation Net Value Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationNetValueOfLandAndBuildingsAndImprovements
|
601370000 | |
CY2020Q4 | srt |
Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
|
449510000 | |
CY2020Q4 | srt |
Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
|
1200000 | |
CY2019Q4 | us-gaap |
Revenues
Revenues
|
38201000 | |
CY2020 | dei |
Entity Small Business
EntitySmallBusiness
|
false | |
CY2020 | aiv |
Unrecaptured Gain Dividends Declared Percentage
UnrecapturedGainDividendsDeclaredPercentage
|
0.185 | |
CY2019Q3 | us-gaap |
Revenues
Revenues
|
37813000 | |
CY2020 | dei |
Document Annual Report
DocumentAnnualReport
|
true | |
CY2020 | dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 1450 | |
CY2020 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Denver | |
CY2020 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2020 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2020 | dei |
Entity File Number
EntityFileNumber
|
1-13232 | |
CY2020 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MD | |
CY2020 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
84-1259577 | |
CY2020 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
4582 South Ulster Street | |
CY2020 | dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | |
CY2020 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
Yes | |
CY2020 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CO | |
CY2020 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
80237 | |
CY2020 | dei |
City Area Code
CityAreaCode
|
303 | |
CY2020 | dei |
Local Phone Number
LocalPhoneNumber
|
224-7900 | |
CY2020 | dei |
Security12b Title
Security12bTitle
|
Class A Common Stock (Apartment Investment and Management Company) | |
CY2020 | dei |
Trading Symbol
TradingSymbol
|
AIV | |
CY2019 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
15000 | |
CY2020 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No |