| Summary of Disposal Groups Including Discontinued Operations |
The following table presents a summary of the major components of assets and liabilities, in accordance with GAAP, related to the discontinued operations as of December 31, 2025 (in thousands):
|
|
|
|
|
|
|
December 31, 2025 |
|
Buildings and improvements |
|
$ |
269,961 |
|
Land |
|
|
23,128 |
|
Total real estate |
|
|
293,089 |
|
Accumulated depreciation |
|
|
(175,700 |
) |
Net real estate |
|
|
117,389 |
|
Restricted cash |
|
|
1,539 |
|
Other assets, net |
|
|
372 |
|
Assets from discontinued operations, net |
|
$ |
119,300 |
|
|
|
|
|
Non-recourse property debt, net |
|
$ |
281,303 |
|
Accrued liabilities and other |
|
|
10,903 |
|
Liabilities from discontinued operations, net |
|
$ |
292,206 |
|
The following table summarizes income from discontinued operations for the month ended January 31, 2026, and three months ended March 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
Month Ended
January 31, |
|
|
Three Months Ended
March 31, |
|
|
|
2026 |
|
|
2025 |
|
REVENUES |
|
|
|
|
|
|
Rental and other property revenues |
|
$ |
3,994 |
|
|
$ |
29,470 |
|
|
|
|
|
|
|
|
OPERATING EXPENSES |
|
|
|
|
|
|
Property operating expenses |
|
|
1,647 |
|
|
|
9,927 |
|
Depreciation and amortization |
|
|
398 |
|
|
|
4,366 |
|
Total operating expenses |
|
|
2,045 |
|
|
|
14,293 |
|
|
|
|
|
|
|
|
Interest income |
|
|
— |
|
|
|
7 |
|
Interest expense |
|
|
(1,086 |
) |
|
|
(5,743 |
) |
Income (loss) from discontinued operations before income tax |
|
|
863 |
|
|
|
9,441 |
|
Income tax benefit (expense) |
|
|
— |
|
|
|
— |
|
Income (loss) from discontinued operations, net of taxes |
|
|
863 |
|
|
|
9,441 |
|
(Income) loss from discontinued operations attributable to common noncontrolling
interests in Aimco Operating Partnership |
|
|
(29 |
) |
|
|
(494 |
) |
Net income (loss) from discontinued operations attributable to Aimco |
|
$ |
834 |
|
|
$ |
8,947 |
|
|
| Summary of Cash Flow Information Related to Discontinued Operation |
The following table summarizes cash flow information related to the discontinued operation for the month ended January 31, 2026, and three months ended March 31, 2025:
|
|
|
|
|
|
|
|
|
|
|
Month Ended
January 31, |
|
|
Three Months Ended
March 31, |
|
|
|
2026 |
|
|
2025 |
|
Total operating cash flows from (used in) discontinued operations |
|
$ |
1,696 |
|
|
$ |
13,197 |
|
Total investing cash flows from (used in) discontinued operations |
|
|
(340 |
) |
|
|
(1,563 |
) |
During the fourth quarter of 2025
|
| Schedule of Assets and Liabilities Related to Real Estate Properties Held for Sale |
The following table presents a summary of the major components of assets and liabilities, in accordance with GAAP, related to the real estate properties held for sale as of December 31, 2025 (in thousands):
|
|
|
|
|
|
|
December 31, 2025 |
|
Buildings and improvements |
|
$ |
80,627 |
|
Land |
|
|
6,645 |
|
Total real estate |
|
|
87,272 |
|
Accumulated depreciation |
|
|
(61,341 |
) |
Net real estate |
|
|
25,931 |
|
Restricted cash |
|
|
635 |
|
Other assets, net |
|
|
281 |
|
Assets held for sale, net |
|
$ |
26,847 |
|
|
|
|
|
Non-recourse property debt, net |
|
$ |
105,506 |
|
Accrued liabilities and other |
|
|
2,241 |
|
Liabilities related to assets held for sale, net |
|
$ |
107,747 |
|
|