v3.25.2
Condensed Consolidated Statements of Partners' Deficit Capital - USD ($)
$ in Thousands
Total
Common Partnership Units
Preferred Partnership Units
Preferred Units
Preferred Units
Preferred Partnership Units
General Partner and Special Limited Partner
Limited Partners
Limited Partners
Common Partnership Units
Limited Partners
Preferred Partnership Units
Partners' Capital Attributable to the AIR Operating Partnership
Partners' Capital Attributable to the AIR Operating Partnership
Common Partnership Units
Partners' Capital Attributable to the AIR Operating Partnership
Preferred Partnership Units
Noncontrolling Interests in Consolidated Real Estate Partnerships
Beginning balance at Dec. 31, 2023 $ 2,550,374     $ 2,000   $ 2,349,896 $ 284,451     $ 2,636,347     $ (85,973)
Increase (Decrease) in Partners' Capital [Roll Forward]                          
Redemption of common partnership units   $ (4,171) $ (2,000)   $ (2,000)     $ (4,171)     $ (4,171) $ (2,000)  
Amortization of share-based compensation cost 14,520         11,843 2,677     14,520      
Effect of changes in ownership of consolidated entities 0         (2,155) 2,155            
Other comprehensive loss (13,429)         (12,355) (1,074)     (13,429)      
Net income (loss) (189,626)         (179,545) (12,049)     (191,594)     1,968
Merger-related distributions (1,213,428)         (1,137,652) (75,776)     (1,213,428)      
Distributions to common unitholders (69,325)         (64,649) (4,676)     (69,325)      
Distributions to noncontrolling interests (8,826)                       (8,826)
Other, net (88)         43       43     (131)
Ending balance at Jun. 30, 2024 1,064,001     0   965,426 191,537     1,156,963     (92,962)
Beginning balance at Mar. 31, 2024 2,468,675     2,000   2,277,237 278,699     2,557,936     (89,261)
Increase (Decrease) in Partners' Capital [Roll Forward]                          
Redemption of common partnership units (2,000)   $ (378) (2,000)         $ (378) (2,000)   $ (378)  
Amortization of share-based compensation cost 10,803         9,543 1,260     10,803      
Effect of changes in ownership of consolidated entities 0         (316) 316            
Other comprehensive loss (11,328)         (10,436) (892)     (11,328)      
Net income (loss) (183,778)         (172,953) (11,692)     (184,645)     867
Merger-related distributions (1,213,428)         (1,137,652) (75,776)     (1,213,428)      
Distributions to noncontrolling interests (4,431)                       (4,431)
Other, net (134)         3       3     (137)
Ending balance at Jun. 30, 2024 1,064,001     0   965,426 191,537     1,156,963     (92,962)
Beginning balance at Dec. 31, 2024 (32,291)     0   (61,484) 126,848     65,364     (97,655)
Increase (Decrease) in Partners' Capital [Roll Forward]                          
Redemption of common partnership units   $ (66,567)           $ (66,567)     $ (66,567)    
Effect of changes in ownership of consolidated entities 0         (65,067) 65,067            
Other comprehensive loss (2,002)         (1,895) (107)     (2,002)      
Net income (loss) 117,915         81,642 4,723     86,365     31,550
Distributions to common unitholders (198,003)         (189,385) (8,618)     (198,003)      
Distributions to noncontrolling interests (8,921)                       (8,921)
Other, net (91)         15       15     (106)
Ending balance at Jun. 30, 2025 (189,960)     0   (236,174) 121,346     (114,828)     (75,132)
Beginning balance at Mar. 31, 2025 (65,942)     0   (91,991) 127,186     35,195     (101,137)
Increase (Decrease) in Partners' Capital [Roll Forward]                          
Redemption of common partnership units (180)           (180)     (180)      
Effect of changes in ownership of consolidated entities 0         (354) 354            
Other comprehensive loss (1,006)         (958) (48)     (1,006)      
Net income (loss) 78,907         46,509 2,652     49,161     29,746
Distributions to common unitholders (198,003)         (189,385) (8,618)     (198,003)      
Distributions to noncontrolling interests (3,635)                       (3,635)
Other, net (101)         5       5     (106)
Ending balance at Jun. 30, 2025 $ (189,960)     $ 0   $ (236,174) $ 121,346     $ (114,828)     $ (75,132)