v3.26.1
Variable Interest Entities (Tables)
6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Variable Interest Entities
The table below summarizes apartment community information regarding VIEs consolidated by AIR Operating Partnership:
June 30, 2026December 31, 2025
VIEs with interests in apartment communities33
Apartment communities owned by VIEs1313
Apartment homes in communities owned by VIEs4,5424,542
Assets and liabilities of VIEs’ are summarized in the table below (in thousands):
June 30, 2026December 31, 2025
ASSETS:
Net real estate$818,811 $838,371 
Cash and cash equivalents35,339 15,696 
Restricted cash1,154 1,022 
Other assets, net21,975 20,698 
LIABILITIES:
Non-recourse property debt, net$1,222,768 $1,227,877 
Accrued liabilities and other36,485 34,677