| Net Assets in Liquidation |
Note 5 — Net Assets in Liquidation The following is a reconciliation of total Aimco equity under the going concern basis of accounting as of January 31, 2026, to net assets in liquidation under the liquidation basis of accounting as of February 1, 2026 (in thousands):
|
|
|
|
|
Total Aimco equity as of January 31, 2026: |
|
$ |
356,354 |
|
Increase due to estimated net realizable value of real estate |
|
|
596,664 |
|
Increase due to estimated net realizable value of unconsolidated partnerships |
|
|
29,403 |
|
Decrease due to estimated net realizable value of notes receivable |
|
|
(1,512 |
) |
Decrease due to estimated net realizable value of other assets, net(1) |
|
|
(10,953 |
) |
Increase due to remeasurement of liabilities |
|
|
114,154 |
|
Decrease due to write-off of prepaid assets and deferred costs |
|
|
(29,684 |
) |
Decrease due to liabilities for estimated costs in excess of estimated receipts during liquidation |
|
|
(145,674 |
) |
Decrease due to allocation to noncontrolling interest in Aimco Operating Partnership |
|
|
(29,156 |
) |
Adjustment to reflect the change to the liquidation basis of accounting |
|
|
523,242 |
|
Estimated value of net assets in liquidation attributable to Aimco as of February 1, 2026 |
|
|
879,596 |
|
|
|
|
|
Total noncontrolling interest in Aimco Operating Partnership as of January 31, 2026: |
|
|
12,460 |
|
Increase due to allocation of noncontrolling interest in Aimco Operating Partnership |
|
|
29,156 |
|
Estimated value of net assets in liquidation attributable to noncontrolling interest in Aimco Operating Partnership as of February 1, 2026 |
|
|
41,616 |
|
|
|
|
|
Estimated value of net assets in liquidation as of February 1, 2026 |
|
$ |
921,212 |
|
(1) Other assets, net primarily include other investments and corporate fixed assets. The following is a reconciliation of total partners' capital attributable to Aimco Operating Partnership under the going concern basis of accounting as of January 31, 2026, to net assets in liquidation under the liquidation basis of accounting as of February 1, 2026 (in thousands):
|
|
|
|
|
Partners' capital attributable to Aimco Operating Partnership as of January 31, 2026: |
|
$ |
368,814 |
|
Increase due to estimated net realizable value of real estate |
|
|
596,664 |
|
Increase due to estimated net realizable value of unconsolidated partnerships |
|
|
29,403 |
|
Decrease due to estimated net realizable value of notes receivable |
|
|
(1,512 |
) |
Decrease due to estimated net realizable value of other assets, net(1) |
|
|
(10,953 |
) |
Increase due to remeasurement of liabilities |
|
|
114,154 |
|
Decrease due to write-off of prepaid assets and deferred costs |
|
|
(29,684 |
) |
Decrease due to liabilities for estimated costs in excess of estimated receipts during liquidation |
|
|
(145,674 |
) |
Adjustment to reflect the change to the liquidation basis of accounting |
|
|
552,398 |
|
Estimated value of net assets in liquidation as of February 1, 2026 |
|
$ |
921,212 |
|
(1) Other assets, net primarily include other investments and corporate fixed assets. Net assets in liquidation decreased by $215.3 million during the period February 1, 2026, to March 31, 2026, primarily due to Aimco's declaration and payment of the $1.45 per share and per unit liquidating distributions.
|