APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
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Schedule III – Real Estate and Accumulated Depreciation
December 31, 2025
(In Thousands)
| (2) | Gross Amount at Which | ||||||||||||||
| Initial Costs | Costs Capitalized | Carried at Close of Period | (3) | (4) | (5) | ||||||||||
| 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 | 6,752 | 14,985 | 30,211 | 45,196 | (14,757) | Jun 2012 | ||||
| 173 E. 90th Street | New York, NY | (12,138) | 12,066 | 4,535 | 16,601 | 9,053 | 12,066 | 13,588 | 25,654 | (8,073) | May 2004 | ||||
| 237-239 Ninth Avenue | New York, NY | (6,148) | 8,495 | 1,866 | 10,361 | 1,476 | 8,495 | 3,342 | 11,837 | (2,327) | Mar 2005 | ||||
| 1045 on the Park Apartments Homes | Atlanta, GA | (6,007) | 2,793 | 6,662 | 9,455 | 1,685 | 2,793 | 8,347 | 11,140 | (3,630) | Jul 2013 | ||||
| 2200 Grace | Lombard, IL | (11,193) | 642 | 7,788 | 8,430 | 251 | 642 | 8,039 | 8,681 | (5,625) | Aug 2018 | ||||
| Bank Lofts | Denver, CO | (18,540) | 3,525 | 9,045 | 12,570 | 5,539 | 3,525 | 14,584 | 18,109 | (9,463) | Apr 2001 | ||||
| Bluffs at Pacifica, The | Pacifica, CA | — | 8,108 | 4,132 | 12,240 | 18,940 | 8,108 | 23,072 | 31,180 | (17,281) | Oct 2006 | ||||
| Elm Creek | Elmhurst, IL | (78,095) | 5,910 | 30,830 | 36,740 | 30,344 | 5,910 | 61,174 | 67,084 | (42,774) | Dec 1997 | ||||
| Evanston Place | Evanston, IL | (46,670) | 3,232 | 25,546 | 28,778 | 17,266 | 3,232 | 42,812 | 46,044 | (28,567) | Dec 1997 | ||||
| Hyde Park Tower | Chicago, IL | (29,484) | 4,731 | 14,927 | 19,658 | 14,103 | 4,731 | 29,030 | 33,761 | (17,750) | Oct 2004 | ||||
| Eldridge | Elmhurst, IL | (26,691) | 3,483 | 35,706 | 39,189 | 235 | 3,483 | 35,941 | 39,424 | (5,769) | Aug 2021 | ||||
| Willow Bend | Rolling Meadows, IL | (43,501) | 2,717 | 15,437 | 18,154 | 16,218 | 2,717 | 31,655 | 34,372 | (27,513) | May 1998 | ||||
| Yorktown Apartments | Lombard, IL | (46,857) | 2,413 | 10,374 | 12,787 | 50,937 | 2,414 | 61,310 | 63,724 | (47,702) | Dec 1999 | ||||
| Total Operating | (341,796) | 73,100 | 190,307 | 263,407 | 172,799 | 73,101 | 363,105 | 436,206 | (231,231) | ||||||
| Development: | |||||||||||||||
| Bioscience 4 | Aurora, CO | — | — | — | — | — | — | — | — | — | Feb 2023 | ||||
| 34th Street | Miami, FL | (67,209) | 19,582 | — | 19,582 | 108,122 | 19,872 | 107,832 | 127,704 | — | Jul 2021 | ||||
| One Edgewater | Miami, FL | — | 12,377 | — | 12,377 | 2,183 | 14,560 | — | 14,560 | — | Jul 2021 | ||||
| Flying Horse | Colorado Springs, CO | — | 4,257 | — | 4,257 | (1,132) | 3,125 | — | 3,125 | — | Jul 2021 | ||||
| Oak Shore | Corte Madera, CA | (22,115) | — | — | — | 57,806 | — | 57,806 | 57,806 | (5,216) | Jun 2021 | ||||
| Upton Place | Washington, DC | (215,000) | — | 21,280 | 21,280 | 277,534 | — | 298,814 | 298,814 | (30,575) | Dec 2020 | ||||
| Strathmore Square | Washington, DC | (100,500) | — | — | — | 161,033 | — | 161,033 | 161,033 | (12,928) | Feb 2022 | ||||
| 300 W. Broward Blvd. | Ft. Lauderdale, FL | — | 21,355 | — | 21,355 | 383 | 20,294 | 1,444 | 21,738 | — | Jan 2022 | ||||
| Fitzsimons Phase Four | Aurora, CO | — | 2,016 | — | 2,016 | (1,016) | 1,000 | — | 1,000 | — | Dec 2022 | ||||
| Sears Parcel 1 | Ft. Lauderdale, FL | — | 68,485 | — | 68,485 | (7,615) | 60,870 | — | 60,870 | — | Jun 2022 | ||||
| Sears Parcel 2 | Ft. Lauderdale, FL | — | 20,737 | — | 20,737 | (4,824) | 15,913 | — | 15,913 | — | Jul 2022 | ||||
| Sears Parcel 3 | Ft. Lauderdale, FL | — | 16,402 | — | 16,402 | (3,186) | 13,216 | — | 13,216 | — | Jun 2022 | ||||
| Total Development | (404,824) | 165,211 | 21,280 | 186,491 | 589,288 | 148,850 | 626,929 | 775,779 | (48,719) | ||||||
| Other: | |||||||||||||||
| The Benson Hotel | Aurora, CO | — | 1,503 | 4,414 | 5,917 | 19,315 | 364 | 24,868 | 25,232 | (7,335) | Jan 2021 | ||||
| Total Other | — | 1,503 | 4,414 | 5,917 | 19,315 | 364 | 24,868 | 25,232 | (7,335) | ||||||
| Held for sale (6): | |||||||||||||||
| Hillmeade | Nashville, TN | (46,026) | 2,872 | 16,070 | 18,942 | 19,929 | 2,872 | 35,999 | 38,871 | (27,008) | Nov 1994 | ||||
| Plantation Gardens | Plantation, FL | (60,133) | 3,773 | 19,443 | 23,216 | 25,185 | 3,773 | 44,628 | 48,401 | (34,333) | Oct 1999 | ||||
| Total Held for sale | (106,159) | 6,645 | 35,513 | 42,158 | 45,114 | 6,645 | 80,627 | 87,272 | (61,341) | ||||||
| Debt issuance costs and other non-cash adjustments (1) | 8,648 | ||||||||||||||
| Total Portfolio | $(844,131) | $246,459 | $251,514 | $497,973 | $826,516 | $228,960 | $1,095,529 | $1,324,489 | $(348,626) | ||||||
(1)
Includes unamortized fair market adjustments of debt assumed in the acquisition of properties.
(2)
Includes costs capitalized since acquisition or date of initial acquisition of the community, less impairment charges recognized on real estate.
(3)
The aggregate cost of land and depreciable property for federal income tax purposes was approximately $1.5 billionas of December 31, 2025.(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.
(6)
Thetwo properties held for sale as of December 31, 2025 are included within our Operating segment, but disclosed separately within this schedule as their assets are included within Assets from discontinued operations and held for sale, netwithin our Consolidated Balance Sheets.
SCHEDULE III: REAL ESTATE AND ACCUMULATED DEPRECIATION
For the Years Ended December 31, 2025, 2024, and 2023
(In Thousands)
The following table reconciles real estate and accumulated depreciation, excluding discontinued operations, from January 1, 2023 to December 31, 2025:
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Total real estate balance at beginning of year | $1,392,213 | $1,859,959 | $1,610,685 |
| Acquisitions | — | — | 1,893 |
| Capital additions | 104,549 | 136,704 | 287,755 |
| Impairment on real estate | (147,300) | — | — |
| Dispositions | — | (193,878) | (30,347) |
| Write-offs of fully depreciated assets and other | (24,040) | (10,803) | (10,027) |
| Amounts related to assets held for sale | (88,205) | (399,769) | — |
| Total real estate balance at end of year | $1,237,217 | $1,392,213 | $1,859,959 |
| Accumulated depreciation balance at beginning of year | $322,708 | $408,332 | $365,340 |
| Depreciation | 49,958 | 70,775 | 53,019 |
| Dispositions | — | (18,756) | — |
| Write-offs of fully depreciated assets and other | (24,040) | (10,803) | (10,027) |
| Amounts related to assets held for sale | (61,341) | (126,840) | — |
| Accumulated depreciation balance at end of year | $287,285 | $322,708 | $408,332 |
The following table reconciles real estate and accumulated depreciation classified as discontinued operations, from January 1, 2023 to December 31, 2025:
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Total real estate balance at beginning of year | $354,894 | $354,664 | $352,798 |
| Capital additions | 5,680 | 4,968 | 5,166 |
| Dispositions | (355,840) | — | — |
| Write-offs of fully depreciated assets and other | (4,734) | (4,738) | (3,300) |
| Total real estate balance at end of year | $— | $354,894 | $354,664 |
| Accumulated depreciation balance at beginning of year | $176,566 | $172,470 | $165,382 |
| Depreciation | 4,522 | 8,834 | 10,388 |
| Dispositions | (176,354) | — | — |
| Write-offs of fully depreciated assets and other | (4,734) | (4,738) | (3,300) |
| Accumulated depreciation balance at end of year | $— | $176,566 | $172,470 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.