APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
AIV$1.57+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Schedule III – Real Estate and Accumulated Depreciation
December 31, 2023
(In Thousands)
| (2) | Gross Amount at Which | ||||||||||||||||||
| Initial Costs | Costs Capitalized | Carried at Close of Period | (3) | (4) | (5) | ||||||||||||||
| (1) | Buildings and | Total Initial | Subsequent to | Buildings and | Total Carrying | Accumulated | Date | ||||||||||||
| Location · Encumbrances · Land · Improvements · Acquisition Costs · Acquisition · Land · Improvements · Value · Depreciation · Acquired | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating: | |||||||||||||||||||
| 118-122 West 23rd Street | New York, NY | 16,472 | 14,985 | 23,459 | 38,444 | 5,811 | 14,985 | 29,270 | 44,255 | (12,768) | Jun 2012 | ||||||||
| 173 E. 90th Street | New York, NY | 12,138 | 12,066 | 4,535 | 16,601 | 9,021 | 12,067 | 13,555 | 25,622 | (7,447) | May 2004 | ||||||||
| 237-239 Ninth Avenue | New York, NY | 6,148 | 8,495 | 1,866 | 10,361 | 2,160 | 8,494 | 4,027 | 12,521 | (2,798) | Mar 2005 | ||||||||
| 1045 on the Park Apartments Homes | Atlanta, GA | 6,007 | 2,793 | 6,662 | 9,455 | 1,446 | 2,793 | 8,108 | 10,901 | (2,998) | Jul 2013 | ||||||||
| 2200 Grace | Lombard, IL | 11,193 | 642 | 7,788 | 8,430 | 310 | 642 | 8,098 | 8,740 | (5,830) | Aug 2018 | ||||||||
| Bank Lofts | Denver, CO | 18,540 | 3,525 | 9,045 | 12,570 | 5,498 | 3,525 | 14,543 | 18,068 | (9,506) | Apr 2001 | ||||||||
| Bluffs at Pacifica, The | Pacifica, CA | — | 8,108 | 4,132 | 12,240 | 17,924 | 8,108 | 22,056 | 30,164 | (15,327) | Oct 2006 | ||||||||
| Elm Creek | Elmhurst, IL | 78,095 | 5,910 | 30,830 | 36,740 | 31,386 | 5,910 | 62,216 | 68,126 | (42,430) | Dec 1997 | ||||||||
| Evanston Place | Evanston, IL | 46,670 | 3,232 | 25,546 | 28,778 | 18,291 | 3,232 | 43,837 | 47,069 | (26,822) | Dec 1997 | ||||||||
| Hillmeade | Nashville, TN | 46,026 | 2,872 | 16,070 | 18,942 | 22,704 | 2,872 | 38,774 | 41,646 | (28,777) | Nov 1994 | ||||||||
| Hyde Park Tower | Chicago, IL | 29,484 | 4,731 | 14,927 | 19,658 | 15,850 | 4,731 | 30,777 | 35,508 | (18,054) | Oct 2004 | ||||||||
| Plantation Gardens | Plantation, FL | 60,133 | 3,773 | 19,443 | 23,216 | 23,863 | 3,773 | 43,306 | 47,079 | (32,870) | Oct 1999 | ||||||||
| Royal Crest Estates | Warwick, RI | — | 22,433 | 24,095 | 46,528 | 7,365 | 22,433 | 31,460 | 53,893 | (26,018) | Aug 2002 | ||||||||
| Royal Crest Estates | Nashua, NH | 173,435 | 68,230 | 45,562 | 113,792 | 18,536 | 68,231 | 64,097 | 132,328 | (56,642) | Aug 2002 | ||||||||
| Royal Crest Estates | Marlborough, MA | 69,918 | 25,178 | 28,786 | 53,964 | 13,920 | 25,178 | 42,706 | 67,884 | (36,076) | Aug 2002 | ||||||||
| Waterford Village | Bridgewater, MA | — | 29,110 | 28,101 | 57,211 | 13,151 | 29,110 | 41,252 | 70,362 | (35,370) | Aug 2002 | ||||||||
| Eldridge | Elmhurst, IL | 26,691 | 3,483 | 35,706 | 39,189 | 68 | 3,483 | 35,774 | 39,257 | (3,107) | Aug 2021 | ||||||||
| Wexford Village | Worcester, MA | — | 6,349 | 17,939 | 24,288 | 5,910 | 6,349 | 23,849 | 30,198 | (18,364) | Aug 2002 | ||||||||
| Willow Bend | Rolling Meadows, IL | 43,501 | 2,717 | 15,437 | 18,154 | 18,997 | 2,717 | 34,434 | 37,151 | (29,115) | May 1998 | ||||||||
| Yacht Club at Brickell | Miami, FL | 79,691 | 31,362 | 32,214 | 63,576 | 21,779 | 31,363 | 53,992 | 85,355 | (32,845) | Dec 2003 | ||||||||
| Yorktown Apartments | Lombard, IL | 46,857 | 2,414 | 10,374 | 12,788 | 52,546 | 2,413 | 62,921 | 65,334 | (46,041) | Dec 1999 | ||||||||
| Total Operating | 770,999 | 262,408 | 402,517 | 664,925 | 306,536 | 262,409 | 709,052 | 971,461 | (489,205) | ||||||||||
| Development and redevelopment: | |||||||||||||||||||
| Benson Hotel & faculty Club, The | Aurora, CO | — | 1,815 | 4,414 | 6,229 | 70,999 | 1,503 | 75,725 | 77,228 | (4,204) | Jan 2021 | ||||||||
| Bioscience 4 | Aurora, CO | — | — | — | — | 4,173 | — | 4,173 | 4,173 | — | Feb 2023 | ||||||||
| Hamilton House | Miami, FL | — | 11,467 | — | 11,467 | 11,325 | 11,467 | 11,325 | 22,792 | — | Jul 2021 | ||||||||
| One Edgewater | Miami, FL | — | 20,045 | — | 20,045 | 4,633 | 19,847 | 4,831 | 24,678 | — | Jul 2021 | ||||||||
| Flying Horse | Colorado Springs, CO | — | 4,257 | — | 4,257 | 3,818 | 4,269 | 3,806 | 8,075 | — | Jul 2021 | ||||||||
| Hamilton, The | Miami, FL | 100,323 | 45,239 | 34,891 | 80,130 | 114,338 | 43,307 | 151,161 | 194,468 | (10,637) | Aug 2020 | ||||||||
| Oak Shore | Corte Madera, CA | 5,148 | — | — | — | 42,050 | — | 42,050 | 42,050 | (39) | Jun 2021 | ||||||||
| Upton Place | Washington, DC | 121,298 | — | 21,280 | 21,280 | 258,881 | — | 280,161 | 280,161 | (910) | Dec 2020 | ||||||||
| Strathmore Phase I | Washington, DC | 74,673 | — | — | — | 110,646 | — | 110,646 | 110,646 | — | Feb 2022 | ||||||||
| 300 W. Broward Blvd. | Ft. Lauderdale, FL | — | 21,355 | — | 21,355 | 14,814 | 21,024 | 15,145 | 36,169 | — | Jan 2022 | ||||||||
| Fitzsimons Phase Four | Aurora, CO | — | 2,016 | — | 2,016 | 1,187 | 2,040 | 1,163 | 3,203 | — | Dec 2022 | ||||||||
| Sears Parcel 1 | Ft. Lauderdale, FL | — | 68,485 | — | 68,485 | 14,932 | 68,484 | 14,933 | 83,417 | — | Jun 2022 | ||||||||
| Sears Parcel 2 | Ft. Lauderdale, FL | — | 20,737 | — | 20,737 | 2,519 | 20,573 | 2,683 | 23,256 | — | Jul 2022 | ||||||||
| Sears Parcel 3 | Ft. Lauderdale, FL | — | 16,402 | — | 16,402 | 1,485 | 15,809 | 2,078 | 17,887 | — | Jun 2022 | ||||||||
| Total Development and redevelopment | 301,442 | 211,818 | 60,585 | 272,403 | 655,800 | 208,323 | 719,880 | 928,203 | (15,790) | ||||||||||
| Other: | |||||||||||||||||||
| St. George Villas | St. George, SC | 203 | 108 | 1,024 | 1,132 | 446 | 71 | 1,507 | 1,578 | (1,398) | Jan 2006 | ||||||||
| 1001 Brickell Bay Drive | Miami, FL | 81,300 | 150,018 | 152,791 | 302,809 | 10,572 | 150,018 | 163,363 | 313,381 | (74,409) | Jul 2019 | ||||||||
| Total Portfolio | 1,153,944 | 624,352 | 616,917 | 1,241,269 | 973,354 | 620,821 | 1,593,802 | 2,214,623 | (580,802) | ||||||||||
(1)
Encumbrances are presented before reduction for debt issuance costs.
(2)
Includes costs capitalized since acquisition or date of initial acquisition of the community.
(3)
The aggregate cost of land and depreciable property for federal income tax purposes was approximately $1.7 billionas of December 31, 2023.(unaudited)
(4)
Depreciable life for buildings and improvements ranges from five to 30 years and is calculated on a straight-line basis.
(5)
Date we acquired the apartment community or first acquired the partnership that owns the community.
SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Years Ended December 31, 2023, 2022, and 2021
(In Thousands)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Total real estate balance at beginning of year | $1,963,483 | $1,791,499 | $1,500,269 |
| Additions during the year: | |||
| Acquisitions | 1,893 | 146,236 | 69,178 |
| Capital additions | 292,921 | 273,380 | 222,052 |
| Dispositions | (30,347) | (233,308) | — |
| Write-offs of fully depreciated assets and other | (13,327) | (14,324) | — |
| Total real estate balance at end of year | $2,214,623 | $1,963,483 | $1,791,499 |
| Accumulated depreciation balance at beginning of year | $530,722 | $561,115 | $495,010 |
| Depreciation | 63,407 | 143,983 | 66,105 |
| Dispositions | — | (160,052) | — |
| Write-offs of fully depreciated assets and other | (13,327) | (14,324) | — |
| Accumulated depreciation balance at end of year | $580,802 | $530,722 | $561,115 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.