Document and Entity Information
Document and Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2021 | Feb. 14, 2022 | Jun. 30, 2021 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Fiscal Year Focus | 2021 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | MID-AMERICA APARTMENT COMMUNITIES, INC. | ||
Entity Central Index Key | 0000912595 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 115,341,027 | ||
Entity Shell Company | false | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Interactive Data Current | Yes | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Public Float | $ 13.8 | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity File Number | 001-12762 | ||
Entity Incorporation, State or Country Code | TN | ||
Entity Tax Identification Number | 62-1543819 | ||
Entity Address, Address Line One | 6815 Poplar Avenue | ||
Entity Address, Address Line Two | Suite 500 | ||
Entity Address, City or Town | Germantown | ||
Entity Address, State or Province | TN | ||
Entity Address, Postal Zip Code | 38138 | ||
City Area Code | 901 | ||
Local Phone Number | 682-6600 | ||
Document Annual Report | true | ||
ICFR Auditor Attestation Flag | true | ||
Document Transition Report | false | ||
Documents Incorporated By Reference | Documents Incorporated by Reference Portions of the proxy statement for the annual shareholders meeting of Mid-America Apartment Communities, Inc. to be held on May 17, 2022 are incorporated by reference into Part III of this report. We expect to file our proxy statement within 120 days after December 31, 2021 | ||
Auditor Name | Ernst & Young LLP | ||
Auditor Location | Memphis, Tennessee | ||
Auditor Firm ID | 42 | ||
Common Stock [Member] | |||
Document Information [Line Items] | |||
Trading Symbol | MAA | ||
Security Exchange Name | NYSE | ||
Title of 12(b) Security | Common Stock, par value $.01 per share | ||
Cumulative Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Trading Symbol | MAA*I | ||
Security Exchange Name | NYSE | ||
Title of 12(b) Security | 8.50% Series I Cumulative Redeemable Preferred Stock, $.01 par value per share | ||
Limited Partner [Member] | |||
Document Information [Line Items] | |||
Entity Registrant Name | MID-AMERICA APARTMENTS, L.P. | ||
Entity Central Index Key | 0001581776 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Shell Company | false | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Interactive Data Current | Yes | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity File Number | 333-190028-01 | ||
Entity Incorporation, State or Country Code | TN | ||
Entity Tax Identification Number | 62-1543816 | ||
Entity Address, Address Line One | 6815 Poplar Avenue | ||
Entity Address, Address Line Two | Suite 500 | ||
Entity Address, City or Town | Germantown | ||
Entity Address, State or Province | TN | ||
Entity Address, Postal Zip Code | 38138 | ||
City Area Code | 901 | ||
Local Phone Number | 682-6600 | ||
ICFR Auditor Attestation Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 | |
Assets | |||
Land | $ 1,977,813 | $ 1,929,181 | |
Buildings and improvements and other | 12,454,439 | 12,065,244 | |
Development and capital improvements in progress | 247,970 | 283,477 | |
Real Estate Investment Property, at Cost | 14,680,222 | 14,277,902 | |
Less: Accumulated depreciation | (3,848,161) | (3,415,105) | |
Real Estate Investment Property, Net | 10,832,061 | 10,862,797 | |
Undeveloped land | 24,015 | 60,993 | |
Investment in real estate joint venture | 42,827 | 43,325 | |
Real estate assets, net | 10,898,903 | 10,967,115 | |
Cash and cash equivalents | 54,302 | 25,198 | |
Restricted cash | 76,296 | 10,417 | |
Other assets | 255,681 | 192,061 | |
Total assets | 11,285,182 | 11,194,791 | |
Liabilities: | |||
Unsecured notes payable | 4,151,375 | 4,077,373 | |
Secured notes payable | 365,315 | 485,339 | |
Accrued expenses and other liabilities | 584,400 | 528,274 | |
Total liabilities | 5,101,090 | 5,090,986 | |
Redeemable common stock | 30,185 | 15,397 | |
Shareholders’ equity: | |||
Preferred Stock, Value, Outstanding | 9 | 9 | |
Common stock | [1] | 1,151 | 1,141 |
Additional paid-in capital | 7,230,956 | 7,176,793 | |
Accumulated distributions in excess of net income | (1,255,807) | (1,294,182) | |
Accumulated other comprehensive loss | (11,132) | (12,128) | |
Total MAA shareholders’ equity | 5,965,177 | 5,871,633 | |
Noncontrolling interests - Operating Partnership units | 165,116 | 206,927 | |
Total Company’s shareholders’ equity | 6,130,293 | 6,078,560 | |
Noncontrolling interests - consolidated real estate entities | 23,614 | 9,848 | |
Total equity | 6,153,907 | 6,088,408 | |
Operating Partnership capital: | |||
Accumulated other comprehensive loss | (11,132) | (12,128) | |
Total operating partners' capital | 6,130,293 | 6,078,560 | |
Noncontrolling interests - consolidated real estate entities | 23,614 | 9,848 | |
Total equity | 6,153,907 | 6,088,408 | |
Total liabilities and equity | 11,285,182 | 11,194,791 | |
Limited Partner [Member] | |||
Assets | |||
Land | 1,977,813 | 1,929,181 | |
Buildings and improvements and other | 12,454,439 | 12,065,244 | |
Development and capital improvements in progress | 247,970 | 283,477 | |
Real Estate Investment Property, at Cost | 14,680,222 | 14,277,902 | |
Less: Accumulated depreciation | (3,848,161) | (3,415,105) | |
Real Estate Investment Property, Net | 10,832,061 | 10,862,797 | |
Undeveloped land | 24,015 | 60,993 | |
Investment in real estate joint venture | 42,827 | 43,325 | |
Real estate assets, net | 10,898,903 | 10,967,115 | |
Cash and cash equivalents | 54,302 | 25,198 | |
Restricted cash | 76,296 | 10,417 | |
Other assets | 255,681 | 192,061 | |
Total assets | 11,285,182 | 11,194,791 | |
Liabilities: | |||
Unsecured notes payable | 4,151,375 | 4,077,373 | |
Secured notes payable | 365,315 | 485,339 | |
Accrued expenses and other liabilities | 584,400 | 528,274 | |
Due to general partner | 19 | 19 | |
Total liabilities | 5,101,109 | 5,091,005 | |
Redeemable common stock | 30,185 | 15,397 | |
Shareholders’ equity: | |||
Accumulated other comprehensive loss | (11,382) | (12,496) | |
Total Company’s shareholders’ equity | 6,130,274 | 6,078,541 | |
Noncontrolling interests - consolidated real estate entities | 23,614 | 9,848 | |
Total equity | 6,153,888 | 6,088,389 | |
Operating Partnership capital: | |||
Preferred Units, Preferred Partners' Capital Accounts | 66,840 | 66,840 | |
General Partners' Capital Account | [2] | 5,909,700 | 5,817,270 |
Limited Partners' Capital Account | [2] | 165,116 | 206,927 |
Accumulated other comprehensive loss | (11,382) | (12,496) | |
Total operating partners' capital | 6,130,274 | 6,078,541 | |
Noncontrolling interests - consolidated real estate entities | 23,614 | 9,848 | |
Total equity | 6,153,888 | 6,088,389 | |
Total liabilities and equity | $ 11,285,182 | $ 11,194,791 | |
[1] | Number of shares issued and outstanding represents total shares of common stock regardless of classification on the Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Consolidated Balance Sheets as of December 31, 2021 and December 31, 2020 are 131,559 and 121,534 , respectively. | ||
[2] | Number of units outstanding represents total OP Units regardless of classification on the Consolidated Balance Sheets. The number of units classified as redeemable common units on the Consolidated Balance Sheets as of December 31, 2021 and December 31, 2020 are 131,559 and 121,534 , respectively. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Common stock, par value per share | $ 0.01 | $ 0.01 | |
Common stock, shares authorized | 145,000,000 | 145,000,000 | |
Common stock, shares issued | 115,336,876 | 114,373,727 | |
Common stock, shares outstanding | 115,336,876 | 114,373,727 | |
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | |
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 | |
Preferred Stock, Dividend Rate, Percentage | 8.50% | 8.50% | |
Preferred Stock, Shares Issued | 867,846 | 867,846 | |
Preferred Stock, Shares Outstanding | 867,846 | 867,846 | |
Preferred Stock, Liquidation Preference Per Share | $ 50 | [1] | $ 50 |
Redeemable stock, shares issued and outstanding | 131,559 | 121,534 | |
General Partners' Capital Account, Units Outstanding | 115,336,876 | 114,373,727 | |
Limited Partners' Capital Account, Units Outstanding | 3,206,118 | 4,057,657 | |
Limited Partner [Member] | |||
Redeemable stock, shares issued and outstanding | 131,559 | 121,534 | |
General Partners' Capital Account, Units Outstanding | 115,336,876 | 114,373,727 | |
Limited Partners' Capital Account, Units Outstanding | 3,206,118 | 4,057,657 | |
Preferred Units, Outstanding | 867,846 | 867,846 | |
[1] | The total liquidation preference for the outstanding preferred stock is $ 43.4 million . |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues: | |||
Rental and other property revenues | $ 1,778,082 | $ 1,677,984 | $ 1,641,017 |
Expenses: | |||
Operating expenses, excluding real estate taxes and insurance | 404,288 | 387,966 | 377,453 |
Real estate taxes and insurance | 266,877 | 252,505 | 235,392 |
Depreciation and amortization | 533,433 | 510,842 | 496,843 |
Total property operating expenses | 1,204,598 | 1,151,313 | 1,109,688 |
Property management expenses | 55,732 | 52,300 | 55,011 |
General and administrative expenses | 52,884 | 46,858 | 43,845 |
Interest expense | 156,881 | 167,562 | 179,847 |
Gain on sale of depreciable real estate assets | (220,428) | (9) | (80,988) |
Gain on sale of non-depreciable real estate assets | (811) | (1,024) | (12,047) |
Other non-operating income | (33,902) | (4,857) | (22,999) |
Income before income tax expense | 563,128 | 265,841 | 368,660 |
Income tax expense | (13,637) | (3,327) | (3,696) |
Income from continuing operations before real estate joint venture activity | 549,491 | 262,514 | 364,964 |
Income from real estate joint venture | 1,211 | 1,501 | 1,654 |
Net income | 550,702 | 264,015 | 366,618 |
Net income attributable to noncontrolling interests | 16,911 | 9,053 | 12,807 |
Net income available for shareholders | 533,791 | 254,962 | 353,811 |
Distributions to MAALP preferred unitholders | 3,688 | 3,688 | 3,688 |
Net income available for MAA common shareholders | $ 530,103 | $ 251,274 | $ 350,123 |
Earnings per common share - basic: | |||
Net income available for MAA common shareholders | $ 4.62 | $ 2.20 | $ 3.07 |
Earnings per common share - diluted: | |||
Net income available for MAA common shareholders | $ 4.61 | $ 2.19 | $ 3.07 |
Limited Partner [Member] | |||
Revenues: | |||
Rental and other property revenues | $ 1,778,082 | $ 1,677,984 | $ 1,641,017 |
Expenses: | |||
Operating expenses, excluding real estate taxes and insurance | 404,288 | 387,966 | 377,453 |
Real estate taxes and insurance | 266,877 | 252,505 | 235,392 |
Depreciation and amortization | 533,433 | 510,842 | 496,843 |
Total property operating expenses | 1,204,598 | 1,151,313 | 1,109,688 |
Property management expenses | 55,732 | 52,300 | 55,011 |
General and administrative expenses | 52,884 | 46,858 | 43,845 |
Interest expense | 156,881 | 167,562 | 179,847 |
Gain on sale of depreciable real estate assets | (220,428) | (9) | (80,988) |
Gain on sale of non-depreciable real estate assets | (811) | (1,024) | (12,047) |
Other non-operating income | (33,902) | (4,857) | (22,999) |
Income before income tax expense | 563,128 | 265,841 | 368,660 |
Income tax expense | (13,637) | (3,327) | (3,696) |
Income from continuing operations before real estate joint venture activity | 549,491 | 262,514 | 364,964 |
Income from real estate joint venture | 1,211 | 1,501 | 1,654 |
Net income | 550,702 | 264,015 | 366,618 |
Net income attributable to noncontrolling interests | 0 | 0 | 136 |
Net income available for shareholders | 550,702 | 264,015 | 366,482 |
Distributions to MAALP preferred unitholders | 3,688 | 3,688 | 3,688 |
Net income available for MAA common shareholders | $ 547,014 | $ 260,327 | $ 362,794 |
Earnings per common share - basic: | |||
Net income available for MAA common shareholders | $ 4.62 | $ 2.20 | $ 3.07 |
Net income available for MAALP common unitholders | 4.62 | 2.20 | 3.07 |
Earnings per common share - diluted: | |||
Net income available for MAA common shareholders | 4.61 | 2.20 | 3.07 |
Net income available for MAALP common unitholders | $ 4.61 | $ 2.20 | $ 3.07 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Net income | $ 550,702 | $ 264,015 | $ 366,618 |
Other comprehensive income (loss): | |||
Unrealized loss from derivative instruments | (11,676) | ||
Adjustment for net losses (gains) reclassified to net income from derivative instruments | 1,114 | 1,088 | (1,747) |
Total comprehensive income | 551,816 | 265,103 | 353,195 |
Less: Comprehensive income attributable to noncontrolling interests | (17,029) | (9,091) | (12,350) |
Comprehensive income | 534,787 | 256,012 | 340,845 |
Limited Partner [Member] | |||
Net income | 550,702 | 264,015 | 366,618 |
Other comprehensive income (loss): | |||
Unrealized loss from derivative instruments | (11,676) | ||
Adjustment for net losses (gains) reclassified to net income from derivative instruments | 1,114 | 1,088 | (1,747) |
Total comprehensive income | 551,816 | 265,103 | 353,195 |
Less: Comprehensive income attributable to noncontrolling interests | (136) | ||
Comprehensive income | $ 551,816 | $ 265,103 | $ 353,059 |
Consolidated Statements of Equi
Consolidated Statements of Equity - USD ($) $ in Thousands | Total | Redeemable Common Stock [Member] | Limited Partner [Member] | Limited Partner [Member] | General Partner [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Distributions in Excess Of Net Income [Member] | Accumulated Other Comprehensive (Loss) Income [Member] | AOCI Attributable to Noncontrolling Interest [Member] | Noncontrolling Interests Operating Partnership [Member] | Noncontrolling Interests-Consolidated Real Estate Entities [Member] |
Beginning Balance at Dec. 31, 2018 | $ 6,372,189 | $ 9,414 | $ 9 | $ 1,136 | $ 7,138,170 | $ (989,263) | $ (212) | $ 220,043 | $ 2,306 | ||||
Beginning Balance, Shares at Dec. 31, 2018 | 868,000 | 113,746,000 | |||||||||||
Net income | 366,618 | $ 366,618 | $ 12,671 | 353,811 | 12,671 | 136 | |||||||
Other comprehensive Income (loss) - derivative instruments | (13,423) | (12,966) | $ (13,423) | (457) | |||||||||
Issuance and registration of common shares | 20,500 | 1,651 | $ 4 | 20,496 | |||||||||
Issuance and registration of common shares, Shares | 338,000 | ||||||||||||
Shares repurchased and retired | (3,724) | $ (3,724) | (3,724) | ||||||||||
Shares repurchased and retired, Shares | (37,000) | ||||||||||||
Exercise of stock options | 2,881 | 2,881 | 2,881 | ||||||||||
Exercise of stock options, Shares | 48,000 | ||||||||||||
Shares issued in exchange for common units | 2,366 | (2,366) | |||||||||||
Shares issued in exchange for common units, Shares | 44,000 | ||||||||||||
Shares issued in exchange for redeemable stock | 575 | (575) | 575 | 575 | |||||||||
Redeemable stock fair market value adjustment | (3,641) | 3,641 | (3,641) | (3,641) | |||||||||
Adjustment for noncontrolling interests in Operating Partnership | 6,126 | 359 | (359) | (816) | 816 | 6,126 | |||||||
Amortization of unearned compensation | 14,684 | 14,684 | |||||||||||
Dividends on preferred stock | (3,688) | (3,688) | |||||||||||
Dividends on common stock | (442,698) | (442,698) | |||||||||||
Dividends on noncontrolling interests units | (16,060) | (16,060) | |||||||||||
Acquisition of noncontrolling interest | (10,880) | (8,559) | (8,559) | (2,321) | |||||||||
Contributions from noncontrolling interest | 6,126 | ||||||||||||
Ending Balance at Dec. 31, 2019 | 6,289,459 | 14,131 | $ 9 | $ 1,140 | 7,166,073 | (1,085,479) | (13,178) | 214,647 | 6,247 | ||||
Ending Balance, Shares at Dec. 31, 2019 | 868,000 | 114,139 | |||||||||||
Partners' Capital at Dec. 31, 2018 | 6,372,170 | 9,414 | 220,043 | 6,083,142 | 66,840 | (161) | 2,306 | ||||||
Net Income (Loss) Allocated to General Partners | 350,123 | ||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | |||||||||||
Issuance of units | 20,500 | 1,651 | 20,500 | ||||||||||
General partner units issued in exchange for limited partner units | (2,366) | 2,366 | |||||||||||
Amortization of unearned compensation | 14,684 | 14,684 | |||||||||||
Dividends, Preferred Stock, Cash | (3,688) | (3,688) | |||||||||||
Distributions to common unitholders | (458,758) | 16,060 | (442,698) | ||||||||||
Partners' Capital at Dec. 31, 2019 | 6,289,440 | 14,131 | 214,647 | 6,015,290 | 66,840 | (13,584) | 6,247 | ||||||
Net income | 264,015 | 264,015 | 9,053 | 254,962 | 9,053 | ||||||||
Other comprehensive Income (loss) - derivative instruments | 1,088 | 1,050 | 1,088 | 38 | |||||||||
Issuance and registration of common shares | (208) | 1,629 | $ 1 | (209) | |||||||||
Issuance and registration of common shares, Shares | 157,000 | ||||||||||||
Shares repurchased and retired | (5,657) | (5,657) | (5,657) | ||||||||||
Shares repurchased and retired, Shares | (55,000) | ||||||||||||
Exercise of stock options | 71 | 71 | 71 | ||||||||||
Exercise of stock options, Shares | 1 | ||||||||||||
Shares issued in exchange for common units | 502 | (502) | |||||||||||
Shares issued in exchange for common units, Shares | 10,000 | ||||||||||||
Redeemable stock fair market value adjustment | 363 | (363) | 363 | 363 | |||||||||
Adjustment for noncontrolling interests in Operating Partnership | 3,601 | 63 | (63) | (25) | 25 | 3,601 | |||||||
Amortization of unearned compensation | 16,038 | 16,038 | |||||||||||
Dividends on preferred stock | (3,688) | (3,688) | |||||||||||
Dividends on common stock | (460,340) | (460,340) | |||||||||||
Dividends on noncontrolling interests units | (16,334) | (16,334) | |||||||||||
Contributions from noncontrolling interest | 3,601 | 3,601 | |||||||||||
Ending Balance at Dec. 31, 2020 | 6,088,408 | 15,397 | 6,088,389 | $ 9 | $ 1,141 | 7,176,793 | (1,294,182) | (12,128) | 206,927 | 9,848 | |||
Ending Balance, Shares at Dec. 31, 2020 | 868,000 | 114,252,000 | |||||||||||
Net Income (Loss) Allocated to General Partners | 251,274 | ||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | |||||||||||
Issuance of units | (208) | 1,629 | (208) | ||||||||||
General partner units issued in exchange for limited partner units | (502) | 502 | |||||||||||
Partners' Capital at Dec. 31, 2020 | 6,088,389 | 15,397 | 206,927 | 5,817,270 | 66,840 | (12,496) | 9,848 | ||||||
Amortization of unearned compensation | 16,038 | 16,038 | |||||||||||
Dividends, Preferred Stock, Cash | (3,688) | (3,688) | |||||||||||
Distributions to common unitholders | (476,674) | (16,334) | (460,340) | ||||||||||
Net income | 550,702 | 550,702 | 16,911 | 533,791 | 16,911 | ||||||||
Other comprehensive Income (loss) - derivative instruments | 1,114 | 996 | 1,114 | 118 | |||||||||
Issuance and registration of common shares | (429) | 1,657 | $ 2 | (431) | |||||||||
Issuance and registration of common shares, Shares | 147,000 | ||||||||||||
Shares repurchased and retired | (9,043) | (9,043) | (9,043) | ||||||||||
Shares repurchased and retired, Shares | (64,000) | ||||||||||||
Exercise of stock options | $ 1,478 | 1,478 | 1,478 | ||||||||||
Exercise of stock options, Shares | 19,032 | 19,000 | |||||||||||
Shares issued in exchange for common units | $ 8 | 43,284 | (43,292) | ||||||||||
Shares issued in exchange for common units, Shares | 851,000 | ||||||||||||
Redeemable stock fair market value adjustment | $ (13,131) | 13,131 | (13,131) | (13,131) | |||||||||
Adjustment for noncontrolling interests in Operating Partnership | 13,766 | (605) | 605 | 723 | (723) | 13,766 | |||||||
Amortization of unearned compensation | 18,152 | 18,152 | |||||||||||
Dividends on preferred stock | (3,688) | (3,688) | |||||||||||
Dividends on common stock | (478,597) | (478,597) | |||||||||||
Dividends on noncontrolling interests units | (14,825) | (14,825) | |||||||||||
Contributions from noncontrolling interest | 13,766 | 13,766 | |||||||||||
Ending Balance at Dec. 31, 2021 | 6,153,907 | 30,185 | 6,153,888 | $ 9 | $ 1,151 | $ 7,230,956 | (1,255,807) | $ (11,132) | $ 165,116 | 23,614 | |||
Ending Balance, Shares at Dec. 31, 2021 | 868,000 | 115,205,000 | |||||||||||
Net Income (Loss) Allocated to General Partners | 530,103 | ||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | |||||||||||
Issuance of units | (429) | 1,657 | (429) | ||||||||||
General partner units issued in exchange for limited partner units | (43,292) | 43,292 | |||||||||||
Partners' Capital at Dec. 31, 2021 | 6,153,888 | $ 30,185 | 165,116 | 5,909,700 | $ 66,840 | $ (11,382) | $ 23,614 | ||||||
Amortization of unearned compensation | 18,152 | 18,152 | |||||||||||
Dividends, Preferred Stock, Cash | (3,688) | $ (3,688) | |||||||||||
Distributions to common unitholders | $ (493,422) | $ (14,825) | $ (478,597) |
Consolidated Statements of Eq_2
Consolidated Statements of Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Dividends Declared Per Share of Common Stock (in dollars per share) | $ 4.1625 | $ 4.0250 | $ 3.8800 |
Dividends Declared Per Share of Non Controlling Interests (in dollars per share) | 4.1625 | 4.0250 | 3.8800 |
Limited Partner [Member] | |||
Distribution Made to Limited Partner, Distributions Declared, Per Unit | $ 4.1625 | $ 4.0250 | $ 3.8800 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Cash flows from operating activities: | |||
Net income | $ 550,702 | $ 264,015 | $ 366,618 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 534,415 | 511,678 | 497,790 |
Gain on sale of depreciable real estate assets | (220,428) | (9) | (80,988) |
Gain on sale of non-depreciable real estate assets | (811) | (1,024) | (12,047) |
Loss (gain) on embedded derivative in preferred shares | 4,560 | (2,562) | (17,886) |
Stock compensation expense | 16,665 | 14,329 | 13,654 |
Amortization of debt issuance costs, discounts and premiums | 5,652 | 4,960 | 5,778 |
Gain from unconsolidated limited partnerships, net of distributions received | (51,713) | (4,577) | (3,882) |
Net change in operating accounts and other operating activities | 55,925 | 37,139 | 12,383 |
Net cash provided by operating activities | 894,967 | 823,949 | 781,420 |
Cash flows from investing activities: | |||
Purchases of real estate and other assets | (46,028) | (56,965) | (105,106) |
Capital improvements, development and other | (279,635) | (225,506) | (190,204) |
Development costs | (231,642) | (201,435) | (112,893) |
Distributions from real estate joint venture | 497 | 349 | 507 |
Contributions to affiliates | (4,669) | (5,349) | (5,391) |
Proceeds from disposition of real estate assets | 307,891 | 4,175 | 174,814 |
Net cash used in investing activities | (253,586) | (484,731) | (238,273) |
Cash flows from financing activities: | |||
Proceeds from revolving credit facility | 255,000 | 565,000 | |
Repayments of revolving credit facility | (255,000) | (1,105,000) | |
Net (payments on) proceeds from commercial paper | (172,000) | 102,000 | 70,000 |
Proceeds from notes payable | 594,423 | 447,593 | 1,059,289 |
Principal payments on notes payable | (467,153) | (441,108) | (657,619) |
Payment of deferred financing costs | (5,940) | (4,217) | (14,274) |
Distributions to noncontrolling interests | (15,497) | (16,243) | (15,939) |
Distributions paid on common shares/units | (470,401) | (457,355) | (437,743) |
Distributions paid on preferred shares/units | (3,688) | (3,688) | (3,688) |
Net change in other financing activities | (6,142) | (1,126) | 15,695 |
Net cash used in financing activities | (546,398) | (374,144) | (524,279) |
Net increase (decrease) in cash, cash equivalents and restricted cash | 94,983 | (34,926) | 18,868 |
Cash, cash equivalents and restricted cash, beginning of period | 35,615 | 70,541 | 51,673 |
Cash, cash equivalents and restricted cash, end of period | 130,598 | 35,615 | 70,541 |
Reconciliation of cash, cash equivalents and restricted cash: | |||
Cash and cash equivalents | 54,302 | 25,198 | 20,476 |
Restricted cash | 76,296 | 10,417 | 50,065 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Total | 130,598 | 35,615 | 70,541 |
Supplemental disclosure of cash flow information: | |||
Interest paid | 158,630 | 165,098 | 169,743 |
Income taxes paid | 2,543 | 2,549 | 2,546 |
Supplemental disclosure of noncash investing and financing activities: | |||
Conversion of OP Units to shares of common stock | 43,292 | 502 | 2,366 |
Accrued construction in progress | 15,123 | 19,625 | 9,298 |
Interest capitalized | 9,720 | 6,912 | 2,889 |
Limited Partner [Member] | |||
Cash flows from operating activities: | |||
Net income | 550,702 | 264,015 | 366,618 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 534,415 | 511,678 | 497,790 |
Gain on sale of depreciable real estate assets | (220,428) | (9) | (80,988) |
Gain on sale of non-depreciable real estate assets | (811) | (1,024) | (12,047) |
Loss (gain) on embedded derivative in preferred shares | 4,560 | (2,562) | (17,886) |
Stock compensation expense | 16,665 | 14,329 | 13,654 |
Amortization of debt issuance costs, discounts and premiums | 5,652 | 4,960 | 5,778 |
Gain from unconsolidated limited partnerships, net of distributions received | (51,713) | (4,577) | (3,882) |
Net change in operating accounts and other operating activities | 55,925 | 37,139 | 12,383 |
Net cash provided by operating activities | 894,967 | 823,949 | 781,420 |
Cash flows from investing activities: | |||
Purchases of real estate and other assets | (46,028) | (56,965) | (105,106) |
Capital improvements, development and other | (279,635) | (225,506) | (190,204) |
Development costs | (231,642) | (201,435) | (112,893) |
Distributions from real estate joint venture | 497 | 349 | 507 |
Contributions to affiliates | (4,669) | (5,349) | (5,391) |
Proceeds from disposition of real estate assets | 307,891 | 4,175 | 174,814 |
Net cash used in investing activities | (253,586) | (484,731) | (238,273) |
Cash flows from financing activities: | |||
Proceeds from revolving credit facility | 255,000 | 565,000 | |
Repayments of revolving credit facility | (255,000) | (1,105,000) | |
Net (payments on) proceeds from commercial paper | (172,000) | 102,000 | 70,000 |
Proceeds from notes payable | 594,423 | 447,593 | 1,059,289 |
Principal payments on notes payable | (467,153) | (441,108) | (657,619) |
Payment of deferred financing costs | (5,940) | (4,217) | (14,274) |
Distributions paid on common shares/units | (485,898) | (473,598) | (453,682) |
Distributions paid on preferred shares/units | (3,688) | (3,688) | (3,688) |
Net change in other financing activities | (6,142) | (1,126) | 15,695 |
Net cash used in financing activities | (546,398) | (374,144) | (524,279) |
Net increase (decrease) in cash, cash equivalents and restricted cash | 94,983 | (34,926) | 18,868 |
Cash, cash equivalents and restricted cash, beginning of period | 35,615 | 70,541 | 51,673 |
Cash, cash equivalents and restricted cash, end of period | 130,598 | 35,615 | 70,541 |
Reconciliation of cash, cash equivalents and restricted cash: | |||
Cash and cash equivalents | 54,302 | 25,198 | 20,476 |
Restricted cash | 76,296 | 10,417 | 50,065 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Total | 130,598 | 35,615 | 70,541 |
Supplemental disclosure of cash flow information: | |||
Interest paid | 158,630 | 165,098 | 169,743 |
Income taxes paid | 2,543 | 2,549 | 2,546 |
Supplemental disclosure of noncash investing and financing activities: | |||
Accrued construction in progress | 15,123 | 19,625 | 9,298 |
Interest capitalized | $ 9,720 | $ 6,912 | $ 2,889 |
Organization and Summary of Sig
Organization and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
Consolidation And Basis Of Presentation And Significant Accounting Policies [Abstract] | |
Organization and Summary of Significant Accounting Policies | 1. Organization and Summary of Significant Accounting Policies Unless the context otherwise requires, all references to the “Company” refer collectively to Mid-America Apartment Communities, Inc., together with its consolidated subsidiaries, including Mid-America Apartments, L.P. Unless the context otherwise requires, all references to “MAA” refer only to Mid-America Apartment Communities, Inc., and not any of its consolidated subsidiaries. Unless the context otherwise requires, the references to the “Operating Partnership” or “MAALP” refer to Mid-America Apartments, L.P. together with its consolidated subsidiaries. “Common stock” refers to the common stock of MAA and, unless the context otherwise requires, “shareholders” refers to the holders of shares of MAA’s common stock. The common units of limited partnership interests in the Operating Partnership are referred to as “OP Units,” and the holders of the OP Units are referred to as “common unitholders.” As of December 31, 2021, MAA owned 115,336,876 OP Units (or 97.3 % of the total number of OP Units). MAA conducts substantially all of its business and holds substantially all of its assets, directly or indirectly, through the Operating Partnership, and by virtue of its ownership of the OP Units and being the Operating Partnership’s sole general partner, MAA has the ability to control all of the day-to-day operations of the Operating Partnership. Management believes combining the notes to the consolidated financial statements of MAA and the Operating Partnership results in the following benefits: • enhances a readers’ understanding of MAA and the Operating Partnership by enabling the reader to view the business as a whole in the same manner that management views and operates the business; • eliminates duplicative disclosure and provides a more streamlined and readable presentation since a substantial portion of the disclosure applies to both MAA and the Operating Partnership; and • creates time and cost efficiencies through the preparation of one combined set of notes instead of two separate sets. MAA, an S&P 500 company, is a multifamily-focused, self-administered and self-managed real estate investment trust, or REIT. Management operates MAA and the Operating Partnership as one business. The management of the Company is comprised of individuals who are officers of MAA and employees of the Operating Partnership. Management believes it is important to understand the few differences between MAA and the Operating Partnership in the context of how MAA and the Operating Partnership operate as a consolidated company. MAA and the Operating Partnership are structured as an umbrella partnership REIT, or UPREIT. MAA’s interest in the Operating Partnership entitles MAA to share in cash distributions from, and in the profits and losses of, the Operating Partnership in proportion to MAA’s percentage interest therein and entitles MAA to vote on substantially all matters requiring a vote of the partners. MAA’s only material asset is its ownership of limited partnership interests in the Operating Partnership (other than cash held by MAA from time to time); therefore, MAA’s primary function is acting as the sole general partner of the Operating Partnership, issuing public equity from time to time and guaranteeing certain debt of the Operating Partnership from time to time. The Operating Partnership holds, directly or indirectly, all of the Company’s real estate assets. Except for net proceeds from public equity issuances by MAA, which are contributed to the Operating Partnership in exchange for limited partnership interests, the Operating Partnership generates the capital required by the business through the Operating Partnership’s operations, direct or indirect incurrence of indebtedness and issuance of OP Units. The presentations of MAA’s shareholders’ equity and the Operating Partnership’s capital are the principal areas of difference between the consolidated financial statements of MAA and those of the Operating Partnership. MAA’s shareholders’ equity may include shares of preferred stock, shares of common stock, additional paid-in capital, cumulative earnings, cumulative distributions, noncontrolling interests, treasury shares, accumulated other comprehensive income or loss and redeemable common stock. The Operating Partnership’s capital may include common capital and preferred capital of the general partner (MAA), limited partners’ common capital and preferred capital, noncontrolling interests, accumulated other comprehensive income or loss and redeemable common units. Holders of OP Units (other than MAA) may require the Operating Partnership to redeem their OP Units from time to time, in which case the Operating Partnership may, at its option, pay the redemption price either in cash (in an amount per OP Unit equal, in general, to the average closing price of MAA’s common stock on the New York Stock Exchange, or NYSE, over a specified period prior to the redemption date) or by delivering one share of MAA’s common stock (subject to adjustment under specified circumstances) for each OP Unit so redeemed. Organization of Mid-America Apartment Communities, Inc. The Company owns, operates, acquires and selectively develops apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the United States. As of December 31, 2021, the Company owned and operated 290 apartment communities (which does not include development communities under construction) through the Operating Partnership and its subsidiaries and had an ownership interest in one apartment community through an unconsolidated real estate joint venture. As of December 31, 2021, the Company also had six development communities under construction, totaling 2,021 apartment units once complete. Total expected costs for the six development projects are $ 460.5 million , of which $ 273.7 million had been incurred through December 31, 2021 . The Company expects to complete three of these developments in 2022 and three developments in 2023. As of December 31, 2021, 33 of the Company’s apartment communities included retail components. The Company’s apartment communities, including development communities under construction, were located across 16 states and the District of Columbia as of December 31, 2021. Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared by the Company’s management in accordance with United States generally accepted accounting principles, or GAAP, and applicable rules and regulations of the Securities and Exchange Commission, or the SEC. The consolidated financial statements of MAA presented herein include the accounts of MAA, the Operating Partnership and all other subsidiaries in which MAA has a controlling financial interest. MAA owns, directly or indirectly, approximately 80 % to 100 % of all consolidated subsidiaries, including the Operating Partnership. In management’s opinion, all adjustments necessary for a fair presentation of the consolidated financial statements have been included, and all such adjustments were of a normal recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company invests in entities which may qualify as variable interest entities, or VIEs, and MAALP is considered a VIE. A VIE is a legal entity in which the equity investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or, as a group, the holders of the equity investment at risk lack the power to direct the activities of a legal entity as well as the obligation to absorb its expected losses or the right to receive its expected residual returns. MAALP is classified as a VIE because the limited partners lack substantive kick-out rights and substantive participating rights. The Company consolidates all VIEs for which it is the primary beneficiary and uses the equity method to account for investments that qualify as VIEs but for which it is not the primary beneficiary. In determining whether the Company is the primary beneficiary of a VIE, management considers both qualitative and quantitative factors, including, but not limited to, those activities that most significantly impact the VIE’s economic performance and which party controls such activities. The Company uses the equity method of accounting for its investments in entities for which the Company exercises significant influence but does not have the ability to exercise control. The factors considered in determining whether the Company has the ability to exercise control include ownership of voting interests and participatory rights of investors (see “Investments in Unconsolidated Affiliates” below). Noncontrolling Interests As of December 31, 2021, the Company had two types of noncontrolling interests with respect to its consolidated subsidiaries: (1) noncontrolling interests related to the common unitholders of its Operating Partnership; and (2) noncontrolling interests related to its consolidated real estate entities. The noncontrolling interests relating to the limited partnership interests in the Operating Partnership are owned by the holders of the Class A OP Units. MAA is the sole general partner of the Operating Partnership and holds all of the outstanding Class B OP Units. Net income (after allocations to preferred ownership interests) is allocated to MAA and the noncontrolling interests based on their respective ownership percentages of the Operating Partnership. Issuance of additional Class A OP Units or Class B OP Units changes the ownership percentage of both the noncontrolling interests and MAA. The issuance of Class B OP Units generally occurs when MAA issues common stock and the issuance proceeds are contributed to the Operating Partnership in exchange for Class B OP Units equal to the number of shares of MAA’s common stock issued. At each reporting period, the allocation between total MAA shareholders’ equity and noncontrolling interests is adjusted to account for the change in the respective percentage ownership of the underlying equity of the Operating Partnership. MAA’s Board of Directors established economic rights in respect to each Class A OP Unit that were equivalent to the economic rights in respect to each share of MAA common stock. See Note 9 for additional details. The noncontrolling interests relating to the Company’s five consolidated real estate entities are owned by private real estate companies that are generally responsible for the development, construction and lease-up of the apartment communities that are owned through the consolidated real estate entities with a noncontrolling interest. The entities were determined to be VIE’s with the Company designated as the primary beneficiary. As a result, the accounts of the entities are consolidated by the Company. As of December 31, 2021, the consolidated assets and liabilities of the Company’s consolidated real estate entities with a noncontrolling interest were $ 252.8 million and $ 15.9 million , respectively. As of December 31, 2020, the consolidated assets and liabilities of the Company’s consolidated real estate entities with a noncontrolling interest were $ 128.9 million and $ 8.1 million , respectively. Real Estate Assets and Depreciation and Amortization Real estate assets are carried at depreciated cost and consist of land, buildings and improvements and other, and development and capital improvements in progress (see “Development Costs” below). Repairs and maintenance costs are expensed as incurred, while significant improvements, renovations and recurring capital replacements are capitalized and depreciated over their estimated useful lives. Recurring capital replacements typically include scheduled carpet replacement, new roofs, HVAC units, plumbing, concrete, masonry and other paving, pools and various exterior building improvements. In addition to these costs, the Company also capitalizes salary costs directly identifiable with renovation work. These expenditures extend the useful life of the property and increase the property’s fair market value. The cost of interior painting and blinds are typically expensed as incurred. Depreciation is computed on a straight-line basis over the estimated useful lives of the related assets, which range from three to 40 years. The line item “Buildings and improvements and other” in the Consolidated Balance Sheets includes land improvements and buildings, which have a useful life ranging from five to 40 years , as well as furniture, fixtures and equipment, which have a useful life of three to five years . Development Costs Development projects and the related carrying costs, including interest, property taxes, insurance and allocated direct development salary costs during the construction period, are capitalized and reported in the accompanying Consolidated Balance Sheets as “Development and capital improvements in progress” during the construction period. Interest is capitalized in accordance with accounting standards governing the capitalization of interest. Upon completion and certification for occupancy of individual buildings or floors within a development, amounts representing the completed portion of total estimated development costs for the project are transferred to “Buildings and improvements and other” as real estate held for investment. Capitalization of interest, property taxes, insurance and allocated direct development salary costs cease upon the transfer. The assets are depreciated over their estimated useful lives. Total capitalized costs (including capitalized interest, salaries and real estate taxes) during the years ended December 31, 2021, 2020 and 2019 were $ 16.6 million , $ 12.7 million and $ 6.5 million , respectively. Certain costs associated with the lease-up of development projects, including cost of model units, furnishings and signs, are capitalized and amortized over their respective estimated useful lives. All other costs relating to renting development projects are expensed as incurred. Acquisition of Real Estate Assets In accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations , most acquisitions of operating properties qualify as an asset acquisition. Accordingly, the cost of the real estate acquired, including acquisition costs, is allocated to the acquired tangible assets, consisting of land, buildings and improvements and other, and identified intangible assets, consisting of the value of in-place leases and other contracts, on a relative fair value basis. Acquisition costs include appraisal fees, title fees, broker fees and other legal costs to acquire the property. The purchase price of an acquired property is allocated based on the relative fair value of the individual components as a proportion of the total assets acquired. The Company allocates the cost of the tangible assets of an acquired property by valuing the building as if it were vacant, based on management’s determination of the relative fair values of these assets. Management determines the as-if-vacant fair value of a building using methods similar to those used by independent appraisers. These methods include using stabilized net operating income, or NOI, and market specific capitalization and discount rates. The Company allocates the cost of land based on its relative fair value if acquired with a multifamily community or by the actual purchase price adjusted to an allocation of the relative fair value if acquired separately. In allocating the cost of identified intangible assets of an acquired property, the in-place leases are valued based on current rent rates and time and cost to lease a unit. Management concluded that the residential leases acquired in connection with each of its property acquisitions approximate at-market rates since the residential lease terms generally do not extend beyond one year. For residential leases, the fair value of the in-place leases and resident relationships is amortized over the remaining term of the resident leases. For retail and commercial leases, the fair value of in-place leases and tenant relationships is amortized over the remaining term of the leases. The net amount of these lease intangibles included in “Other assets” totaled $ 0.9 million and $ 1.3 million as of December 31, 2021 and 2020 , respectively. Impairment of Long-lived Assets The Company accounts for long-lived assets in accordance with the provisions of accounting standards for the impairment or disposal of long-lived assets. Management periodically evaluates long-lived assets, including investments in real estate, for indicators that would suggest that the carrying amount of the assets may not be recoverable. The judgments regarding the existence of such indicators are based on factors such as operating performance, market conditions and legal factors. Long-lived assets, such as real estate assets, equipment and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are separately presented in the Consolidated Balance Sheets, are reported at the lower of the carrying amount or fair value less costs to sell and are no longer depreciated. The assets and liabilities of a disposed group or a property classified as held for sale are presented separately in the appropriate asset and liability sections of the Consolidated Balance Sheets. Undeveloped Land Undeveloped land includes sites intended for future multifamily developments and sites for future commercial development, which are carried at the lower of cost or fair value in accordance with GAAP. Any costs incurred prior to commencement of pre-development activities are expensed as incurred. Cash and Cash Equivalents Investments in money market accounts and certificates of deposit with original maturities of three months or less are considered to be cash equivalents. Restricted Cash Restricted cash consists of security deposits required to be held separately, escrow deposits held by lenders for property taxes, insurance, debt service and replacement reserves, and exchanges under Section 1031(b) of the Internal Revenue Code of 1986, as amended, or the Code. Section 1031(b) exchanges are presented within cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows. Investments in Unconsolidated Affiliates The Company uses the equity method to account for its investments in a real estate joint venture and two technology-focused limited partnerships that each qualify as a VIE. Management determined the Company is not the primary beneficiary in any of these investments but does have the ability to exert significant influence over the operations and financial policies of the real estate joint venture and considers its investments in the limited partnerships to be more than minor. The Company’s investment in the real estate joint venture was $ 42.8 million and $ 43.3 million as of December 31, 2021 and 2020, respectively. As of December 31, 2021 and 2020, the Company’s investments in the technology-focused limited partnerships were $ 79.4 million and $ 23.0 million , respectively, and are included in “Other assets” in the accompanying Consolidated Balance Sheets. The increase in the Company’s investment in the limited partnerships was driven by the recognition of unrealized gains, which were primarily a result of an increase in the valuation of an underlying investment that recently became publicly traded. As of December 31, 2021, the Company was committed until February 2025 to make additional capital contributions totaling $ 16.0 million if and when called by the general partners of the limited partnerships. Other Assets Other assets consist primarily of receivables and deposits from residents, the value of derivative contracts, right-of-use lease assets, investments in technology-focused limited partnerships, deferred rental concessions, deferred financing costs relating to a revolving credit facility and other prepaid expenses. Also included in other assets are the fair market value of in-place leases and resident relationships, net of accumulated amortization. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consist of accrued real estate taxes, accrued dividends payable, unearned income, right-of-use lease obligations, accrued payroll, accrued interest payable, security deposits, general liability and workers compensation insurance, accrued construction in progress, net deferred tax liability (see Note 7), accrued loss contingencies (see Note 11), accounts payable and other accrued expenses. The following table reflects a detail of the Company’s “Accrued expenses and other liabilities” balances as of December 31, 2021 and 2020 (dollars in thousands): December 31, 2021 December 31, 2020 Accrued real estate taxes $ 144,326 $ 140,615 Accrued dividends payable 128,916 121,392 Unearned income 59,937 48,781 Right-of-use lease obligations 30,251 31,740 Accrued payroll 27,092 19,575 Accrued interest payable 26,331 24,771 Security deposits 24,660 21,637 General liability and workers compensation insurance 23,851 13,920 Accrued construction in progress 15,123 19,625 Accounts payable, accrued expenses and other 103,913 86,218 Total $ 584,400 $ 528,274 Loss Contingencies The outcomes of claims, disputes and legal proceedings are subject to significant uncertainty. The Company records an accrual for loss contingencies when a loss is probable and the amount of the loss can be reasonably estimated. The Company also accrues an estimate of defense costs expected to be incurred in connection with legal matters. Management reviews these accruals quarterly and makes revisions based on changes in facts and circumstances. When a loss contingency is not both probable and reasonably estimable, management does not accrue the loss. However, if the loss (or an additional loss in excess of the accrual) is at least a reasonable possibility and material, then management discloses a reasonable estimate of the possible loss, or range of loss, if such reasonable estimate can be made. If the Company cannot make a reasonable estimate of the possible loss, or range of loss, then a statement to that effect is disclosed. The assessment of whether a loss is probable or a reasonable possibility, and whether the loss or range of loss is reasonably estimable, often involves a series of complex judgments about future events. Among the factors considered in this assessment, are the nature of existing legal proceedings and claims, the asserted or possible damages or loss contingency (if reasonably estimable), the progress of the matter, existing law and precedent, the opinions or views of legal counsel and other advisers, management’s experience in similar matters, the facts available to management at the time of assessment, and how the Company intends to respond, or has responded, to the proceeding or claim. Management’s assessment of these factors may change over time as individual proceedings or claims progress. For matters where management is not currently able to reasonably estimate a range of reasonably possible loss, the factors that have contributed to this determination include the following: (i) the damages sought are indeterminate; (ii) the proceedings are in the early stages; (iii) the matters involve novel or unsettled legal theories or a large or uncertain number of actual or potential cases or parties; and/or (iv) discussions with the parties in matters that are ultimately expected to be resolved through negotiation and settlement have not reached the point where management believes a reasonable estimate of loss, or range of loss, can be made. The Company believes that there is considerable uncertainty regarding the timing or ultimate resolution of such matters, including a possible eventual loss or business impact, if any. See Note 11 for additional disclosures regarding loss contingencies. Equity Forward Sale Agreements MAA has entered into, and in the future may enter into, forward sale agreements for the sale and issuance of shares of its common stock, either through an underwritten public offering or through MAA’s at-the-market share offering program, or ATM program. When MAA enters into a forward sale agreement, the contract requires MAA to sell its shares to a counterparty at a predetermined price at a future date, which price is subject to adjustment during the term of the contract for MAA’s anticipated dividends as well as for a daily interest factor that varies with changes in the federal funds rate. MAA generally has the ability to determine the dates and method of settlement (i.e., gross physical settlement, net share settlement or cash settlement), subject to certain conditions and the right of the counterparty to accelerate settlement under certain circumstances. The Company accounts for the shares of MAA’s common stock reserved for issuance upon settlement as equity in accordance with ASC Topic 815-40, Contracts in Entity’s Own Equity , which permits equity classification when a contract is considered indexed to its own stock and the contract requires or permits the issuing entity to settle the contract in shares (either physically or net in shares). The guidance in ASC Topic 815-40 establishes a two-step process for evaluating whether an equity-linked financial instrument is considered indexed to its own stock by evaluating the instrument’s contingent exercise provisions and the instrument’s settlement provisions. In evaluating the forward sale agreements MAA has entered into, management concluded that (i) none of the agreements’ exercise contingencies are based on observable markets or indices besides those related to the market of MAA’s common stock price; and (ii) none of the settlement provisions preclude the agreements from being indexed to MAA’s common stock. Before the issuance of shares of MAA’s common stock, upon physical or net share settlement of the forward sale agreements, MAA expects the shares issuable upon settlement of the forward sale agreements will be reflected in its diluted earnings per share calculations using the treasury stock method. Under this method, the number of shares of common stock used in calculating diluted earnings per share is deemed to be increased by the excess, if any, of the number of shares of common stock that would be issued upon full physical settlement of the forward sale agreements over the number of shares of common stock that could be purchased by MAA in the open market (based on the average market price during the period) using the proceeds to be received upon full physical settlement (based on the adjusted forward sale price at the end of the reporting period). When MAA physically or net share settles a forward sale agreement, the delivery of shares of common stock would result in an increase in the number of weighted average common shares outstanding and dilution to basic earnings per share. See Note 8 for additional disclosures regarding the equity forward sale agreements. Revenue Recognition The Company primarily leases multifamily residential apartments to residents under operating leases generally due on a monthly basis with terms of approximately one year or less. Rental revenues are recognized in accordance with ASC Topic 842, Leases , using a method that represents a straight-line basis over the term of the lease. In addition, in circumstances where a lease incentive is provided to residents, the incentive is recognized as a reduction of rental revenues on a straight-line basis over the reasonably assured lease term. Rental revenues represent approximately 93 % of the Company’s total revenues and include gross rents charged less adjustments for concessions and bad debt. Approximately 6 % of the Company’s total revenues represent non-lease reimbursable property revenues from its residents for utility reimbursements, which are generally recognized and due on a monthly basis as residents obtain control of the service over the term of the lease. The remaining 1 % of the Company’s total revenues represents other non-lease property revenues primarily driven by nonrefundable fees and commissions. In accordance with ASC Topic 842, rental revenues and non-lease reimbursable property revenues meet the criteria to be aggregated into a single lease component and are reported on a combined basis in the line item “Rental revenues,” as presented in the disaggregation of the Company’s revenues in Note 13. Other non-lease property revenues are accounted for in accordance with ASC Topic 606, Revenue from Contracts with Customers , which requires revenue recognized outside of the scope of ASC Topic 842 to be recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. Other non-lease property revenues are reported in the line item “Other property revenues”, as presented in the disaggregation of the Company’s revenues in Note 13. Rental Costs Costs associated with rental activities are expensed as incurred and include advertising expenses, which were $ 23.9 million , $ 23.9 million and $ 20.8 million for the years ended December 31, 2021, 2020 and 2019, respectively. Leases The Company is the lessee under certain ground, office, equipment and other operational leases, all of which are accounted for as operating leases in accordance with ASC Topic 842. The Company recognizes a right-of-use asset for the right to use the underlying asset for all leases where the Company is the lessee with terms of more than twelve months, and a related lease liability for the obligation to make lease payments. Expenses related to leases determined to be operating leases are recognized on a straight-line basis. As of December 31, 2021 and 2020, right-of-use assets recorded within “Other assets” totaled $ 47.0 million and $ 49.4 million , respectively, and related lease obligations recorded within “Accrued expenses and other liabilities” totaled $ 30.3 million and $ 31.7 million , respectively, in the Consolidated Balance Sheets. Lease expense recognized for the years ended December 31, 2021, 2020 and 2019 was immaterial to the Company. Cash paid for amounts included in the measurement of operating lease liabilities during the years ended December 31, 2021 and 2020 was also immaterial. See Note 11 for additional disclosures regarding leases. Income Taxes MAA has elected to be taxed as a REIT under the Code and intends to continue to operate in such a manner. The current and continuing qualification as a REIT depends on MAA’s ability to meet the various requirements imposed by the Code, which are related to organizational structure, distribution levels, diversity of stock ownership and certain requirements with respect to the nature and diversity of MAA’s assets and sources of MAA’s gross income. As long as MAA qualifies for taxation as a REIT, it will generally not be subject to United States federal corporate income tax on its taxable income that is currently distributed to shareholders. This treatment substantially eliminates the “double taxation” (i.e., income taxation at both the corporate and shareholder levels) that generally results from an investment in a corporation. Even if MAA qualifies as a REIT, MAA may be subject to United States federal income and excise taxes in certain situations, such as if MAA fails to distribute timely all of its taxable income with respect to a taxable year. MAA also will be required to pay a 100% tax on any net income on non-arm’s length transactions between MAA and one of its taxable REIT subsidiaries, or TRS. Furthermore, MAA and its shareholders may be subject to state or local taxation in various state or local jurisdictions, including those in which MAA transacts business or its shareholders reside, and the applicable state and local tax laws may not conform to the United States federal income tax treatment. Any taxes imposed on MAA would reduce its operati |
Earnings Per Common Share of MA
Earnings Per Common Share of MAA | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Common Share Of M A A [Abstract] | |
Earnings per Common Share of MAA | 2. Earnings per Common Share of MAA Basic earnings per share is computed using the two-class method by dividing net income available to MAA common shareholders by the weighted average number of common shares outstanding during the period. All outstanding unvested restricted share awards contain rights to non-forfeitable dividends and participate in undistributed earnings with shareholders and, accordingly, are considered participating securities that are included in the two-class method of computing basic earnings per share. Both the unvested restricted shares and other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis with diluted earnings per share being the more dilutive of the treasury stock or two-class methods. OP Units are included in dilutive earnings per share calculations when the units are dilutive to earnings per share. For the years ended December 31, 2021, 2020 and 2019, MAA’s diluted earnings per share was computed using the treasury stock method as presented below (dollars and shares in thousands, except per share amounts): Calculation of Earnings per common share – basic 2021 2020 2019 Net income $ 550,702 $ 264,015 $ 366,618 Net income attributable to noncontrolling interests ( 16,911 ) ( 9,053 ) ( 12,807 ) Unvested restricted stock (allocation of earnings) ( 539 ) ( 338 ) ( 519 ) Preferred dividends ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders, adjusted $ 529,564 $ 250,936 $ 349,604 Weighted average common shares – basic 114,717 114,188 113,854 Earnings per common share – basic $ 4.62 $ 2.20 $ 3.07 Calculation of Earnings per common share – diluted Net income $ 550,702 $ 264,015 $ 366,618 Net income attributable to noncontrolling interests ( 16,911 ) (1) ( 9,053 ) (1) ( 12,807 ) (1) Preferred dividends ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders, adjusted $ 530,103 $ 251,274 $ 350,123 Weighted average common shares – basic 114,717 114,188 113,854 Effect of dilutive securities 322 312 259 Weighted average common shares – diluted 115,039 114,500 114,113 Earnings per common share – diluted $ 4.61 $ 2.19 $ 3.07 (1) For the years ended December 31, 2021, 2020 and 2019 , 3.7 million, 4.1 million and 4.1 million OP Units and their related income are not included in the diluted earnings per share calculations as they are not dilutive. |
Earnings Per OP Unit of MAALP
Earnings Per OP Unit of MAALP | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |
Earnings per OP Unit of MAALP | 3. Earnings per OP Unit of MAALP Basic earnings per common unit is computed using the two-class method by dividing net income available for common unitholders by the weighted average number of OP Units outstanding during the period. All outstanding unvested restricted unit awards contain rights to non-forfeitable distributions and participate in undistributed earnings with common unitholders and, accordingly, are considered participating securities that are included in the two-class method of computing basic earnings per common unit. Diluted earnings per common unit reflects the potential dilution that could occur if securities or other contracts to issue OP Units were exercised or converted into OP Units. Both the unvested restricted unit awards and other potentially dilutive common units, and the related impact to earnings, are considered when calculating earnings per common unit on a diluted basis with diluted earnings per common unit being the more dilutive of the treasury stock or two-class methods. For the years ended December 31, 2021, 2020 and 2019, MAALP’s diluted earnings per common unit was computed using the treasury stock method as presented below (dollars and units in thousands, except per unit amounts): Calculation of Earnings per common unit – basic 2021 2020 2019 Net income $ 550,702 $ 264,015 $ 366,618 Net income attributable to noncontrolling interests — — ( 136 ) Unvested restricted units (allocation of earnings) ( 539 ) ( 338 ) ( 519 ) Preferred unit distributions ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAALP common unitholders, adjusted $ 546,475 $ 259,989 $ 362,275 Weighted average common units – basic 118,400 118,248 117,944 Earnings per common unit – basic $ 4.62 $ 2.20 $ 3.07 Calculation of Earnings per common unit – diluted Net income $ 550,702 $ 264,015 $ 366,618 Net income attributable to noncontrolling interests — — ( 136 ) Preferred unit distributions ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAALP common unitholders, adjusted $ 547,014 $ 260,327 $ 362,794 Weighted average common units – basic 118,400 118,248 117,944 Effect of dilutive securities 322 312 259 Weighted average common units – diluted 118,722 118,560 118,203 Earnings per common unit – diluted $ 4.61 $ 2.20 $ 3.07 |
Stock-Based Compensation
Stock-Based Compensation | 12 Months Ended |
Dec. 31, 2021 | |
Stock Based Compensation [Abstract] | |
Stock-Based Compensation | 4. Stock-Based Compensation Overview MAA accounts for its stock-based employee compensation plans in accordance with accounting standards governing stock-based compensation. These standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award’s fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award, which is generally the vesting period. Any liability awards issued are remeasured at each reporting period. MAA’s stock compensation plans consist of a number of incentives provided to attract and retain independent directors, executive officers and key employees. Incentives are currently granted under the Second Amended and Restated 2013 Stock Incentive Plan, or the Stock Plan, which was approved at the 2018 annual meeting of MAA shareholders. The Stock Plan allows for the grant of restricted stock and stock options up to 2,000,000 shares. MAA believes that such awards better align the interests of its employees with those of its shareholders. Compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions. Compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award, with a separate vesting date, consistent with the estimated value of the award at each period end. Additionally, compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited. Compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period. MAA presents stock compensation expense in the Consolidated Statements of Operations in “General and administrative expenses”. Total compensation expense under the Stock Plan was $ 18.2 million, $ 16.0 million and $ 14.7 million for the years ended December 31, 2021, 2020 and 2019 , respectively. Of these amounts, total compensation expense capitalized was $ 1.5 million, $ 1.7 million and $ 1.0 million for the years ended December 31, 2021, 2020 and 2019, respectively. As of December 31, 2021 , the total unrecognized compensation expense was $ 14.0 million. This cost is expected to be recognized over the remaining weighted average period of 0.8 years. Total cash paid for the settlement of plan shares totaled $ 9.0 million, $ 5.7 million and $ 3.7 million for the years ended December 31, 2021, 2020 and 2019, respectively. Information concerning grants under the Stock Plan is provided below. Restricted Stock In general, restricted stock is earned based on either a service condition, market condition, performance condition or a combination thereof and generally vests ratably over a period from at grant date up to 5 years. Service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of MAA common stock on the date of grant. Market based awards are earned when MAA reaches a specified stock price or specified return on the stock price (price appreciation plus dividends) and are valued on the grant date using a Monte Carlo simulation. Performance based awards are earned when MAA reaches certain operational goals, such as funds available for distribution targets, and are valued based upon the market price of MAA common stock on the date of grant as well as the probability of reaching the stated targets. MAA remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known. The weighted average grant date fair value per share of restricted stock awards granted during the years ended December 31, 2021, 2020 and 2019 , was $ 88.22 , $ 100.53 and $ 72.98 , respectively. The following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 Risk free rate 0.161 % 1.603 % 2.578 % Dividend yield 3.341 % 3.070 % 4.043 % Volatility 28.04 % 17.02 % 18.95 % Requisite service period 3 years 3 years 3 years The risk free rate was based on a zero coupon risk-free rate. The dividend yield was based on the closing stock price of MAA stock on the date of grant. Volatility for MAA was obtained by using a blend of both historical and implied volatility calculations. Historical volatility was based on the standard deviation of daily total continuous returns, and implied volatility was based on the trailing month average of daily implied volatilities interpolating between the volatilities implied by stock call option contracts that were closest to the terms shown and closest to the money. The requisite service period is based on the criteria for the separate programs according to the vesting schedule. A summary of the status of the nonvested restricted shares as of December 31, 2021, and the changes for the year ended December 31, 2021, is presented below: Nonvested Shares Shares Weighted Average Grant-Date Fair Value Nonvested as of January 1, 2021 216,850 $ 102.10 Issued 143,375 87.05 Vested ( 197,970 ) 80.06 Forfeited ( 359 ) 110.23 Nonvested as of December 31, 2021 161,896 $ 115.07 The total fair value of shares vested during the years ended December 31, 2021, 2020 and 2019 was $ 15.8 million, $ 13.9 million and $ 9.3 million, respectively. Stock Options Stock options are earned when the employee remains employed over the requisite service period and vest ratably over a period from 0.3 years to 2.3 years. Stock options exercised result in new common shares being issued on the open market by the Company. The fair value of stock option awards is determined using the Monte Carlo valuation model. No stock options were granted or expired during the years ended December 31, 2021, 2020 or 2019. A summary of the status of the outstanding stock options as of December 31, 2021 and the changes for the year ended December 31, 2021 is presented below: Stock Options Options Weighted Average Exercise Price Outstanding as of January 1, 2021 19,845 $ 77.83 Exercised ( 19,032 ) 77.67 Outstanding as of December 31, 2021 813 $ 81.41 All options outstanding as of December 31, 2021 were exercisable and had an intrinsic value of $ 0.1 million with a weighted average remaining term of 4.1 years. There were 19,032 options, 918 options and 69,852 options exercised during the years ended December 31, 2021, 2020 and 2019 , respectively. Cash received from the exercise of stock options totaled $ 1.5 million, $ 0.1 million and $ 2.9 million for the years ended December 31, 2021, 2020 and 2019 , respectively. |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2021 | |
Notes To Financial Statements [Abstract] | |
Borrowings | 5. Borrowings The following table summarizes the Company’s outstanding debt as of December 31, 2021 and 2020 (dollars in thousands): As of December 31, 2021 Unsecured debt December 31, 2021 December 31, 2020 Weighted Average Effective Rate Weighted Average Contract Maturity Variable rate commercial paper program $ — $ 172,000 — — Fixed rate senior notes 4,175,000 3,922,000 3.3 % 3/4/2029 Debt issuance costs, discounts, premiums and fair market value adjustments ( 23,625 ) ( 16,627 ) Total unsecured debt $ 4,151,375 $ 4,077,373 3.3 % Secured debt Fixed rate property mortgages $ 368,555 $ 488,709 4.4 % 9/24/2048 Debt issuance costs ( 3,240 ) ( 3,370 ) Total secured debt $ 365,315 $ 485,339 4.4 % Total outstanding debt $ 4,516,690 $ 4,562,712 3.4 % Unsecured Revolving Credit Facility In May 2019, MAALP entered into a $ 1.0 billion unsecured revolving credit facility with a syndicate of banks led by Wells Fargo Bank, National Association, and fourteen other banks, which is referred to as the Credit Facility. The Credit Facility replaced MAALP’s previous unsecured revolving credit facility, and it includes an expansion option up to $ 1.5 billion . The Credit Facility bears an interest rate of the London Interbank Offered Rate, or LIBOR, plus a spread of 0.75 % to 1.45 % based on an investment grade pricing grid. The Credit Facility matures in May 2023 with an option to extend for two additional six-month periods. As of December 31, 2021 , there was no outstanding balance under the Credit Facility, while $ 4.0 million of capacity was used to support outstanding letters of credit. The terms of the Credit Facility allow for the transition to an alternate benchmark interest rate, including the Secured Overnight Financing Rate, to replace any outstanding U.S. dollar (USD) LIBOR borrowings at the time USD LIBOR is no longer published. Unsecured Commercial Paper In May 2019, MAALP established an unsecured commercial paper program whereby MAALP may issue unsecured commercial paper notes with varying maturities not to exceed 397 days up to a maximum aggregate principal amount outstanding of $ 500.0 million . As of December 31, 2021 , MAALP had no outstanding borrowings under the commercial paper program. Unsecured Senior Notes As of December 31, 2021, MAALP had $ 4.2 billion of publicly issued unsecured senior notes outstanding. The unsecured senior notes had maturities at issuance ranging from 5 to 30 years, with a weighted average of 7.1 years remaining until maturity as of December 31, 2021. In July 2021, MAALP retired a $ 72.8 million tranche of privately placed unsecured senior notes at maturity. In August 2021, MAALP publicly issued $ 300 million in aggregate principal amount of unsecured senior notes maturing September 2026 with a coupon rate of 1.100 % per annum, or the 2026 Notes. The purchase price paid by the purchasers of the 2026 Notes was 99.553 % of the principal amount. The 2026 Notes are general unsecured senior obligations of MAALP and rank equally in right of payment with all other unsecured senior indebtedness of MAALP. Interest on the 2026 Notes is payable semi-annually in arrears on March 15 and September 15 of each year beginning March 15, 2022 . The net proceeds of the offering were $ 296.9 million, after deducting the original issue discount and underwriting commissions totaling $ 3.1 million. The 2026 Notes have an effective interest rate of 1.191 % and have been reflected net of discount and debt issuance costs in the accompanying Consolidated Balance Sheets as of December 31, 2021. In August 2021, MAALP also publicly issued $ 300 million in aggregate principal amount of unsecured senior notes maturing September 2051 with a coupon rate of 2.875 % per annum, or the 2051 Notes. The purchase price paid by the purchasers of the 2051 Notes was 98.588 % of the principal amount. The 2051 Notes are general unsecured senior obligations of MAALP and rank equally in right of payment with all other unsecured senior indebtedness of MAALP. Interest on the 2051 Notes is payable semi-annually in arrears on March 15 and September 15 of each year beginning March 15, 2022 . The net proceeds of the offering were $ 293.1 million, after deducting the original issue discount and underwriting commissions totaling $ 6.9 million. The 2051 Notes have an effective interest rate of 2.946 % and have been reflected net of discount and debt issuance costs in the accompanying Consolidated Balance Sheets as of December 31, 2021. In September 2021, MAALP retired a $ 117.0 million tranche of privately placed unsecured senior notes due in November 2022, a $ 125.0 million portion of the $ 250.0 million in aggregate principal amount of publicly issued unsecured senior notes due in December 2022, a $ 12.3 million tranche of privately placed unsecured senior notes due in July 2023, and a $ 20.0 million tranche of privately placed unsecured senior notes due in November 2024. MAALP incurred $ 13.4 million in prepayment penalties and write-offs of unamortized costs resulting from the debt retirements during the year ended December 31, 2021. These costs are included in “Other non-operating income” in the accompanying Consolidated Statements of Operations for the year ended December 31, 2021. Secured Property Mortgages As of December 31, 2021, MAALP had $ 368.6 million of fixed rate conventional property mortgages with a weighted average interest rate of 4.4 % and a weighted average maturity in 2048 . In February 2021, MAALP retired a $ 118.6 million mortgage associated with eight apartment communities prior to its June 2021 maturity. Schedule of Maturities The following table includes scheduled principal repayments of MAALP’s outstanding borrowings as of December 31, 2021, as well as the amortization of the fair market value of debt assumed, debt discounts, premiums and issuance costs (in thousands): Maturities Amortization Total 2022 $ 125,000 $ ( 173 ) $ 124,827 2023 350,000 ( 1,166 ) 348,834 2024 400,000 ( 1,976 ) 398,024 2025 405,262 ( 2,838 ) 402,424 2026 300,000 ( 3,570 ) 296,430 Thereafter 2,963,293 ( 17,142 ) 2,946,151 Total $ 4,543,555 $ ( 26,865 ) $ 4,516,690 |
Financial Instruments and Deriv
Financial Instruments and Derivatives | 12 Months Ended |
Dec. 31, 2021 | |
Fair Value Disclosures [Abstract] | |
Financial Instruments and Derivatives | 6. Financial Instruments and Derivatives Financial Instruments Not Carried at Fair Value Cash and cash equivalents, restricted cash and accrued expenses and other liabilities are carried at amounts that reasonably approximate their fair value due to their short term nature. Fixed rate notes payable as of December 31, 2021 and 2020 totaled $ 4.5 billion and $ 4.4 billion, respectively, and had estimated fair values of $ 4.8 billion and $ 4.9 billion (excluding prepayment penalties), respectively. The carrying value of variable rate debt as of December 31, 2020 totaled $ 172.0 million and had an estimated fair value of $ 172.0 million. As of December 31, 2021, the Company had no variable rate debt outstanding. The fair values of fixed rate debt are determined by using the present value of future cash outflows discounted with the applicable current market rate plus a credit spread. The fair values of variable rate debt are determined using the stated variable rate plus the current market credit spread. The variable rates reset at various maturities typically less than 30 days, and management concluded these rates reasonably estimate current market rates. Financial Instruments Measured at Fair Value on a Recurring Basis As of December 31, 2021 , the Company had one outstanding series of cumulative redeemable preferred stock, which is referred to as the MAA Series I preferred stock (see Note 8). The Company has recognized a derivative asset related to the redemption feature embedded in the MAA Series I preferred stock. The derivative asset is valued using widely accepted valuation techniques, including a discounted cash flow analysis in which the perpetual value of the preferred shares is compared to the value of the preferred shares assuming the call option is exercised, with the value of the bifurcated call option as the difference between the two values. The analysis reflects the contractual terms of the redeemable preferred shares, which are redeemable at the Company’s option beginning on October 1, 2026 at the redemption price of $ 50.00 per share. The Company uses various significant inputs in the analysis, including trading data available on the preferred shares, coupon yields on preferred stock issuances from REITs with similar credit ratings as MAA and treasury rates to determine the fair value of the bifurcated call option. The redemption feature embedded in the MAA Series I preferred stock is reported as a derivative asset in “Other assets” in the accompanying Consolidated Balance Sheets and is adjusted to its fair value at each reporting date, with a corresponding non-cash adjustment to “Other non-operating income” in the accompanying Consolidated Statements of Operations. As a result of the adjustments recorded to reflect the change in fair value of the derivative asset, the fair value of the embedded derivative asset decreased to $ 34.5 million as of December 31, 2021 as compared to $ 39.0 million as of December 31, 2020, a decrease in value of the derivative asset of $ 4.5 million . The Company has determined the majority of the inputs used to value its outstanding debt and its embedded derivative fall within Level 2 of the fair value hierarchy, and as a result, the fair value valuation of its debt and embedded derivative held as of December 31, 2021 and December 31, 2020 were classified as Level 2 in the fair value hierarchy. Cash Flow Hedges of Interest Rate Risk The Company periodically uses derivatives to hedge exposures to interest rates. For transactions that meet the hedge accounting criteria, the Company formally designates and documents the instrument as a hedge at inception and thereafter assesses the hedge to ensure it is effective in offsetting changes in the cash flows of the underlying exposures. The changes in the fair value of a derivative designated and that qualifies as a cash flow hedge are recorded in “Accumulated other comprehensive loss” and are subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. As long as a hedging instrument is designated and the results of the effectiveness testing support that the instrument qualifies for hedge accounting treatment, there is no periodic measurement or recognition of ineffectiveness, regardless of whether or not economic mismatches exist in the hedging relationship. As of December 31, 2021, the Company had $ 11.1 million in net realized losses recorded in “Accumulated other comprehensive loss” related to terminated interest rate swap and forward rate swap derivatives which were previously designated as qualifying cash flow hedging instruments. The net realized losses are reclassified to interest expense as interest payments are made over the remaining life of the associated debt. During the next twelve months, the Company estimates that an additional $ 1.1 million will be reclassified to earnings as an increase to “Interest expense.” Derivatives designated as cash flow hedging instruments and their related gains and losses are reported in “Net change in operating accounts and other operating activities” in the accompanying Consolidated Statements of Cash Flows. Tabular Disclosure of the Effect of Derivative Instruments on the Statements of Operations The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2021, 2020 and 2019, respectively (dollars in thousands): Derivatives in Cash Flow Hedging Relationships Loss Recognized in OCI on Derivative Location of (Loss) Gain Net (Loss) Gain Reclassified from Accumulated OCL into Interest Expense (2) For the Year ended December 31, 2021 2020 2019 (1) OCL into Income 2021 2020 2019 Interest rate contracts $ — $ — $ ( 11,676 ) Interest expense $ ( 1,114 ) $ ( 1,088 ) $ 1,747 (1) The Company had outstanding interest rate swaps that terminated during the year ended December 31, 2019. (2) See the Consolidated Statements of Comprehensive Income for changes in accumulated other comprehensive loss as these changes are presented net of the allocation to noncontrolling interests. Derivatives Not Designated as Hedging Instruments Location of (Loss) Gain Recognized in (Loss) Gain Recognized in Earnings on Derivative For the year ended December 31, Income on Derivative 2021 2020 2019 Preferred stock embedded derivative Other non-operating income $ ( 4,560 ) $ 2,562 $ 17,886 |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income Taxes [Abstract] | |
Income Taxes | 7. Income Taxes Due to the structure of MAA as a REIT and the nature of the operations of its operating properties, no provision for federal income taxes has been made at the MAA level. In addition, as MAALP is structured as a limited partnership, and its partners recognize their proportionate share of income or loss in their tax returns, no provision for federal income taxes has been made at the MAALP level. Historically, the Company has incurred certain state and local income, excise and franchise taxes. Taxable REIT Subsidiaries A TRS is an entity that is subject to federal, state and any applicable local corporate income tax without the benefit of the dividends paid deduction applicable to REITs. The Company’s TRS generated taxable income of $ 51.8 million, $ 5.8 million and $ 4.2 million for the years ended December 31, 2021, 2020 and 2019 and income tax expense of $ 10.9 million, $ 0.8 million and $ 1.0 million for the years ended December 31, 2021, 2020 and 2019. The Company’s TRS generally provide the Company with third-party services (property management services to a real estate joint venture and other services) for which the Company reimburses its TRS. In addition, one of the Company’s TRS has investments in two technology-focused limited partnerships that generate investment income and losses. The investment income is recognized for tax purposes at the time of sale or exchange of the investment. All intercompany transactions are eliminated in the accompanying consolidated financial statements. In addition to the TRS income tax provision, income tax expense primarily relates to the Texas-based margin tax for all Texas apartment communities. Income tax expense for the Company for the years ended December 31, 2021, 2020 and 2019 was $ 13.6 million, $ 3.3 million and $ 3.7 million, respectively, and is presented in “Income tax expense” in the accompanying Consolidated Statements of Operations. As of December 31, 2021 and 2020, the components of the Company’s TRS deferred income tax assets and liabilities were as follows (dollars in thousands): December 31, 2021 December 31, 2020 Deferred tax asset: Other $ 328 $ 308 Deferred tax liabilities: Unrealized gain from limited partnerships $ 12,946 $ 2,087 Other 246 275 Total deferred tax liabilities $ 13,192 $ 2,362 Net deferred tax liability $ 12,864 $ 2,054 The net deferred tax liability balances are reflected in “Accrued expenses and other liabilities” in the accompanying Consolidated Balance Sheets for the years ended December 31, 2021 and 2020. The TRS had no reserve for uncertain tax positions for the years ended December 31, 2021 and 2020, and management does not believe there will be any material changes in the TRS’ unrecognized tax positions over the next 12 months. If necessary, the TRS accrues interest and penalties on unrecognized tax benefits as a component of income tax expense. NOL Carryforwards As of December 31, 2021 , the Company held federal NOL carryforwards of $ 54.4 million for income tax purposes that expire in the years 2022 to 2032. Utilization of any NOL carryforwards is subject to an annual limitation due to ownership change limitations provided by Section 382 of the Code and similar state provisions. The annual limitations may result in the expiration of NOL carryforwards prior to utilization. The Company may use these NOLs to offset all or a portion of the taxable income generated at the REIT level. Tax years 2018 through 2021 are subject to examination by the Internal Revenue Service. No tax examination is currently in process. Taxable Composition of Distributions For income tax purposes, dividends paid to holders of common stock generally consist of ordinary income, return of capital, capital gains, qualified dividends and un-recaptured Section 1250 gains, or a combination thereof. For the years ended December 31, 2021, 2020 and 2019, dividends per share held for the entire year were estimated to be taxable as follows: 2021 2020 2019 Amount Percentage Amount Percentage Amount Percentage Ordinary income $ 2.43 59.18 % $ 4.00 99.98 % $ 3.51 91.39 % Capital gain 1.36 33.15 % 0.00 0.02 % 0.21 5.54 % Un-recaptured Section 1250 gain 0.31 7.67 % 0.00 0.00 % 0.12 3.07 % Total $ 4.10 100 % $ 4.00 100 % $ 3.84 100 % The Company designated the per share amounts above as capital gain dividends in accordance with the requirements of the Code. The difference between net income available to common shareholders for financial reporting purposes and taxable income before dividend deductions relates primarily to temporary differences such as depreciation and amortization and taxable gains on sold properties. |
Shareholders' Equity of MAA
Shareholders' Equity of MAA | 12 Months Ended |
Dec. 31, 2021 | |
Shareholders Equity Of M A A [Abstract] | |
Shareholders' Equity of MAA | 8. Shareholders’ Equity of MAA As of December 31, 2021, 115,336,876 shares of common stock of MAA and 3,206,118 OP Units (excluding the OP Units held by MAA) were issued and outstanding, representing a total of 118,542,994 common shares and units. As of December 31, 2020, 114,373,727 shares of common stock of MAA and 4,057,657 OP Units (excluding the OP Units held by MAA) were issued and outstanding, representing a total of 118,431,384 common shares and units. Preferred Stock As of December 31, 2021, MAA had one outstanding series of cumulative redeemable preferred stock which has the following characteristics: Description Outstanding Shares Liquidation Preference (1) Optional Redemption Date Redemption Price (2) Stated Dividend Yield Approximate Dividend Rate MAA Series I 867,846 $ 50.00 10/1/2026 $ 50.00 8.50 % $ 4.25 (1) The total liquidation preference for the outstanding preferred stock is $ 43.4 million . (2) The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash. See Note 6 for details of the valuation of the derivative asset related to the redemption feature embedded in the MAA Series I preferred stock. Direct Stock Purchase and Distribution Reinvestment Plan MAA has a Dividend and Distribution Reinvestment and Share Purchase Plan, or DRSPP, pursuant to which MAA’s common shareholders have the ability to reinvest all or part of their distributions from MAA into shares of MAA’s common stock and holders of Class A OP Units have the ability to reinvest all or part of their distributions from the Operating Partnership into MAA’s common stock. The DRSPP also provides the opportunity to make optional cash investments in MAA’s common stock of at least $ 250 , but not more than $ 5,000 in any given month, free of brokerage commissions and charges. MAA, in its absolute discretion, may grant waivers to allow for optional cash payments in excess of $5,000. To fulfill its obligations under the DRSPP, MAA may either issue additional shares of common stock or repurchase common stock in the open market. MAA currently has registered with the SEC the offer and sale of up to 1,906,762 shares of common stock pursuant to the DRSPP. MAA may elect to sell shares under the DRSPP at up to a 5 % discount. Shares of MAA’s common stock totaling 6,301 in 2021, 8,259 in 2020 and 16,219 in 2019 were acquired by participants under the DRSPP. MAA did not offer a discount for optional cash purchases in 2021, 2020 or 2019. Equity Forward Sale Agreements In August 2021, MAA entered into two 18-month forward sale agreements with respect to a total of 1.1 million shares of its common stock at an initial forward sale price of $ 190.56 per share, which price is net of issuance costs. Under the forward sale agreements, the forward sale price is subject to adjustment on a daily basis based on a floating interest rate factor equal to a specified daily rate less a spread and will be decreased based on amounts related to dividends on MAA’s common stock during the term of the forward sale agreements. No shares had been settled under the forward sale agreements as of December 31, 2021. MAA generally has the ability to determine the dates and method of settlement (i.e., gross physical settlement, net share settlement or cash settlement), subject to certain conditions and the right of the counterparty to accelerate settlement under certain circumstances, provided that settlement under each forward sale agreement must occur by February 2, 2023. MAA currently expects to fully physically settle each forward sale agreement with the relevant forward purchaser on one or more dates specified by MAA on or prior to the maturity date of the particular forward sale agreement, in which case MAA expects to receive aggregate net cash proceeds at settlement equal to the number of shares underlying the particular forward sale agreement multiplied by the relevant forward sale p rice. The impact of the forward sale agreements was no t dilutive to the Company ’s diluted earnings per share for the year ended December 31, 2021. At-the-Market Share Offering Program In November 2021, the Company entered into an equity distribution agreement to establish a new ATM program, replacing MAA’ s previous ATM program and allowing MAA to sell shares of its common stock from time to time to or through its sales agents into the existing market at current market prices, and to enter into separate forward sales agreements to or through its forward purchasers. Under its current ATM program, MAA has the authority to issue up to an aggregate of 4.0 million shares of its common stock, at such times to be determined by MAA. MAA has no obligation to issue shares through the ATM program. During the years ended December 31, 2021 and 2020 , MAA did no t sell any shares of common stock under its ATM program. During the year ended December 31, 2019, MAA sold 146,301 shares of comment stock for net proceeds of $ 19.6 million through its previous ATM program. As of December 31, 2021, 4.0 million shares remained issuable under the current ATM program. |
Partners' Capital of MAALP
Partners' Capital of MAALP | 12 Months Ended |
Dec. 31, 2021 | |
Partners Capital Notes [Abstract] | |
Partners' Capital of MAALP | 9. Partners’ Capital of MAALP Common units of limited partnership interests in MAALP are represented by OP Units. As of December 31, 2021, there were 118,542,994 OP Units outstanding, 115,336,876 , or 97.3 % , of which represent Class B OP Units (common units issued to or held by MAALP’s general partner or any of its subsidiaries), which were owned by MAA, MAALP’s general partner. The remaining 3,206,118 OP Units were Class A OP Units owned by Class A limited partners. As of December 31, 2020, there were 118,431,384 OP Units outstanding, 114,373,727 , or 96.6 % , of which were owned by MAA and 4,057,657 of which were owned by the Class A limited partners. MAA, as the sole general partner of MAALP, has full, complete and exclusive discretion to manage and control the business of MAALP subject to the restrictions specifically contained within MAALP’s agreement of limited partnership, or the Partnership Agreement. Unless otherwise stated in the Partnership Agreement, this power includes, but is not limited to, acquiring, leasing or disposing of any real property; constructing buildings and making other improvements to properties owned; borrowing money, modifying or extinguishing current borrowings, issuing evidence of indebtedness and securing such indebtedness by mortgage, deed of trust, pledge or other lien on MAALP’s assets; and distribution of MAALP’s cash or other assets in accordance with the Partnership Agreement. MAA can generally, at its sole discretion, issue and redeem OP Units and determine the consideration to be received or the redemption price to be paid, as applicable. The general partner may delegate these and other powers granted to it if the general partner remains in supervision of the designee. Under the Partnership Agreement, MAALP may issue Class A OP Units and Class B OP Units. Class A OP Units are any OP Units other than Class B OP Units, while Class B OP Units are those issued to or held by MAALP’s general partner or any of its subsidiaries. In general, the limited partners do not have the power to participate in the management or control of MAALP’s business except in limited circumstances, including changes in the general partner and protective rights if the general partner acts outside of the provisions provided in the Partnership Agreement. The transferability of Class A OP Units is also limited by the Partnership Agreement. Net income of MAALP (after allocations to preferred ownership interests) is allocated to the general partner and limited partners based on their respective ownership percentages of MAALP. Issuance or redemption of additional Class A OP Units or Class B OP Units changes the relative ownership percentage of the partners. The issuance of Class B OP Units generally occurs when MAA issues common stock and the proceeds from that issuance are contributed to MAALP in exchange for the issuance to MAA of a number of OP Units equal to the number of shares of common stock issued. Likewise, if MAA repurchases or redeems outstanding shares of common stock, MAALP generally redeems an equal number of Class B OP Units with similar terms held by MAA for a redemption price equal to the purchase price of those shares of common stock. At each reporting period, the allocation between general partner capital and limited partner capital is adjusted to account for the change in the respective percentage ownership of the underlying capital of MAALP. Holders of the Class A OP Units may require MAA to redeem their Class A OP Units, in which case MAA may, at its option, pay the redemption price either in cash (in an amount per Class A OP Unit equal, in general, to the average closing price of MAA’s common stock on the NYSE over a specified period prior to the redemption date) or by delivering one share of MAA common stock (subject to adjustment under specified circumstances) for each Class A OP Unit so redeemed. As of December 31, 2021, a total of 3,206,118 Class A OP Units were outstanding and redeemable for 3,206,118 shares of MAA common stock, with an approximate value of $ 735.6 million , based on the closing price of MAA’s common stock on December 31, 2021 of $ 229.44 per share. As of December 31, 2020, a total of 4,057,657 Class A OP Units were outstanding and redeemable for 4,057,657 shares of MAA common stock, with an approximate value of $ 514.1 million , based on the closing price of MAA’s common stock on December 31, 2020 of $ 126.69 per share. MAALP pays the same per unit distributions in respect to the OP Units as the per share dividends MAA pays in respect to its common stock. As of December 31, 2021, MAALP had one outstanding series of cumulative redeemable preferred units, or the MAALP Series I preferred units. The MAALP Series I preferred units have the same characteristics as the MAA Series I preferred stock described in Note 8. As of December 31, 2021, 867,846 units of the MAALP Series I preferred units were outstanding. See Note 6 for details of the valuation of the derivative asset related to the redemption feature embedded in the MAALP Series I preferred units. |
Employee Benefit Plans
Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2021 | |
Employee Benefit Plans [Abstract] | |
Employee Benefit Plans | 10. Employee Benefit Plans The following provides details of the employee benefit plans not previously discussed in Note 4. 401(k) Savings Plans MAA’s 401(k) Savings Plan, or 401(k) Plan, is a defined contribution plan that satisfies the requirements of Section 401(a) and 401(k) of the Code. MAA’s Board of Directors has the discretion to approve matching contributions to the 401(k) Plan. MAA recognized expense from the 401(k) Plan of $ 4.1 million , $ 3.9 million and $ 3.5 million , for the years ended December 31, 2021, 2020 and 2019, respectively. Non-Qualified Executive Deferred Compensation Retirement Plan MAA has adopted the MAA Non-Qualified Executive Deferred Compensation Retirement Plan Amended and Restated effective January 1, 2016, or the Deferred Compensation Plan, for certain executive employees. Under the terms of the Deferred Compensation Plan, employees may elect to defer a percentage of their compensation and bonus, and MAA may, but is not obligated to, match a portion of the employees’ salary deferral. MAA recognized expense on its match to the Deferred Compensation Plan for the years ended December 31, 2021, 2020 and 2019 of $ 0.1 million , $ 0.4 million and $ 0.3 million , respectively. Non-Qualified Deferred Compensation Plan for Outside Company Directors MAA has adopted the Non-Qualified Deferred Compensation Plan for Outside Company Directors as Amended effective November 30, 2010, or the Directors Deferred Compensation Plan, which allows non-employee directors to defer their director fees by having the fees held by MAA as shares of MAA’s common stock. Directors can also choose to have their annual restricted stock grants issued into the Directors Deferred Compensation Plan. Amounts deferred through the Directors Deferred Compensation Plan are distributed to the directors in two annual installments beginning in the first 90 days of the year following the director’s departure from the board. Participating directors may choose to have the amount issued to them in shares of MAA’s common stock or paid to them as cash at the market value of MAA’s common stock as of the end of the year the director ceases to serve on the board. For the years ended December 31, 2021, 2020 and 2019, directors deferred 6,944 shares, 10,593 shares and 10,738 shares of common stock, respectively, with weighted-average grant date fair values of $ 164.23 , $ 111.19 and 117.73 , respectively, into the Directors Deferred Compensation Plan. The shares of common stock held in the Directors Deferred Compensation Plan are classified outside of permanent equity in redeemable stock with changes in the redemption amount recorded immediately to retained earnings because the directors have redemption rights not solely within the control of MAA. Additionally, any shares that become mandatorily redeemable because a departed director has elected to receive a cash payout are recorded as a liability. MAA did not record a liability related to mandatorily redeemable shares for the years ended December 31, 2021, 2020 and 2019. Employee Stock Ownership Plan MAA’s Employee Stock Ownership Plan, or ESOP, is a non-contributory stock bonus plan that satisfies the requirements of Section 401(a) of the Code. On December 31, 2010, the ESOP was frozen by amendment, whereby effective January 1, 2011, no additional employees became eligible for the plan, no additional contributions were made to the ESOP, and all participants with an account balance under the ESOP became 100% vested. The Company did not contribute to the ESOP during 2021, 2020 or 2019. As of December 31, 2021, the ESOP held 122,582 shares with a fair value of $ 28.1 million . |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
Loss Contingency [Abstract] | |
Commitments and Contingencies | 11. Commitments and Contingencies Leases The Company’s operating leases include a ground lease expiring in 2074 related to one of its apartment communities and an office lease expiring in 2028 related to its corporate headquarters. Both leases contain stated rent increases that generally compensate for the impact of inflation. The Company also has other commitments related to immaterial office and equipment operating leases. As of December 31, 2021, the Company’s operating leases had a weighted average remaining lease term of approximately 32 years and a weighted average discount rate of approximately 4.4 %. The table below reconciles undiscounted cash flows for each of the first five years and total of the remaining years to the right-of-use lease obligations recorded on the Consolidated Balance Sheets as of December 31, 2021 (in thousands): Operating Leases 2022 $ 2,894 2023 2,885 2024 2,862 2025 2,872 2026 2,920 Thereafter 59,993 Total minimum lease payments 74,426 Net present value adjustments ( 44,175 ) Right-of-use lease obligations $ 30,251 Legal Proceedings In June 2016, plaintiffs Cathi Cleven and Tara Cleven, on behalf of a putative class of plaintiffs, filed a complaint against MAA and the Operating Partnership in the United States District Court for the Western District of Texas, Austin Division. In January 2017, Areli Arellano and Joe L. Martinez joined the lawsuit as additional plaintiffs. The lawsuit alleges that the Company (but not Post Properties - see the description of the Brown class action lawsuit below) charged late fees at its Texas properties that violate Section 92.019 of the Texas Property Code, or Section 92.019, which provides that a landlord may not charge a tenant a late fee for failing to pay rent unless, among other things, the fee is a reasonable estimate of uncertain damages to the landlord that are incapable of precise calculation and result from the late payment of rent. The plaintiffs are seeking monetary damages and attorneys’ fees and costs. In September 2018, the District Court certified a class proposed by the plaintiffs. Additionally, in September 2018, the District Court denied the Company’s motion for summary judgment and granted the plaintiffs’ motion for partial summary judgment. Because the District Court certified a class prior to granting the plaintiffs’ motion for partial summary judgment, the District Court’s ruling applies to the entire class. In October 2018, the Fifth Circuit Court of Appeals accepted the Company’s petition to review the District Court’s order granting class certification. In September 2019, the Fifth Circuit Court of Appeals heard the Company’s oral arguments. Thereafter, in December 2021, the Fifth Circuit Court of Appeals issued its opinion, finding error in the District Court’s analysis of Section 92.019 and remanding the case to the District Court to determine if class certification is appropriate in light of the Fifth Circuit’s determination that Section 92.019 does not require that a landlord engage in a process to arrive at its late fee, so long as the fee is a reasonable estimate at the time of contracting of damages that are incapable of precise calculation. The Company will continue to vigorously defend the action and pursue such appeals as are warranted and available. Management estimates that the Company’s maximum exposure in the lawsuit, if the class is recertified by the District Court, is $ 54.6 million , which includes both potential damages and attorneys’ fees but excludes any prejudgment interest that may be awarded. In April 2017, plaintiff Nathaniel Brown, on behalf of a putative class of plaintiffs, filed a complaint against the Operating Partnership, as the successor by merger to Post Properties’ primary operating partnership, and MAA in the United States District Court for the Western District of Texas, Austin Division. The lawsuit alleges that Post Properties (and, following the Post Properties merger in December 2016, the Operating Partnership) charged late fees at its Texas properties that violate Section 92.019. The plaintiffs are seeking monetary damages and attorney’s fees and costs. In September 2018, the District Court certified a class proposed by the plaintiff. Additionally, in September 2018, the District Court denied the Company’s motion for summary judgment and granted the plaintiff’s motion for partial summary judgment. Because the District Court certified a class prior to granting the plaintiff’s motion for partial summary judgment, the District Court’s ruling applies to the entire class. In October 2018, the Fifth Circuit Court of Appeals accepted the Company’s petition to review the District Court’s order granting class certification. In September 2019, the Fifth Circuit Court of Appeals heard the Company’s oral arguments. The Fifth Circuit issued its opinion in December 2021 finding error in the District Court’s analysis of Section 92.019 and remanding the case to the District Court to determine if class certification is appropriate in light of the Fifth Circuit’s ruling on the application of Section 92.019 in the Cleven lawsuit, as noted above. The Company will continue to vigorously defend the action and pursue such appeals as are warranted and available. Management estimates that the Company’s maximum exposure in the lawsuit, if the class is recertified, is $ 8.4 million , which includes both potential damages and attorneys’ fees but excludes any prejudgment interest that may be awarded. The Company is subject to various other legal proceedings and claims that arise in the ordinary course of its business operations. Matters that arise out of allegations of bodily injury, property damage and employment practices are generally covered by insurance. While the resolution of these other matters cannot be predicted with certainty, management does not currently believe that such matters, either individually or in the aggregate, will have a material adverse effect on the Company’s financial condition, results of operations or cash flows in the event of a negative outcome. As of December 31, 2021 and 2020, the Company’s accrual for loss contingencies relating to unresolved legal matters was $ 5.2 million and $ 5.3 million in the aggregate, respectively. The loss contingencies are presented in “Accrued expenses and other liabilities” in the accompanying Consolidated Balance Sheets. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 12. Related Party Transactions The cash management of the Company is managed by the Operating Partnership. In general, cash receipts are remitted to the Operating Partnership and all cash disbursements are funded by the Operating Partnership. As a result of these transactions, the Operating Partnership had a de minimis payable to MAA, its general partner, as of December 31, 2021 and 2020 , respectively. The Partnership Agreement does not require the due to/due from balance to be settled in cash until liquidation of the Operating Partnership, and therefore, there is no regular settlement schedule for such amounts. |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2021 | |
Notes To Financial Statements [Abstract] | |
Segment Information | 13. Segment Information As of December 31, 2021, the Company owned and operated 290 multifamily apartment communities (which does not include development communities under construction) in 15 different states from which it derived all significant sources of earnings and operating cash flows. The Company views each consolidated apartment community as an operating segment. The Company’s chief operating decision maker, which is the Company’s Chief Executive Officer, evaluates performance and determines resource allocations of each of the apartment communities on a Same Store and Non-Same Store and Other basis, as well as an individual apartment community basis. This is consistent with the aggregation criteria under GAAP as each of the apartment communities generally has similar economic characteristics, facilities, services and residents. The following reflects the two reportable segments for the Company: • Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year. • Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities identified for disposition, communities that have incurred a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Also included in Non-Same Store and Other are non-multifamily activities. On the first day of each calendar year, the Company determines the composition of its Same Store and Non-Same Store and Other reportable segments for that year as well as adjusts the previous year, which allows the Company to evaluate full period-over-period operating comparisons. Communities previously in development or lease-up are added to the Same Store segment on the first day of the calendar year after the community has been owned and stabilized for at least a full 12 months. Communities are considered stabilized after achieving 90 % average physical occupancy for 90 days. Communities that have been identified for disposition are excluded from the Same Store segment. The chief operating decision maker utilizes NOI in evaluating the performance of its operating segments. Total NOI represents total property revenues less total property operating expenses, excluding depreciation and amortization, for all properties held during the period regardless of their status as held for sale. Management believes that NOI is a helpful tool in evaluating the operating performance of the segments because it measures the core operations of property performance by excluding corporate level expenses and other items not directly related to property operating performance. Revenues and NOI for each reportable segment for the years ended December 31, 2021, 2020 and 2019 were as follows (in thousands): Revenues: 2021 2020 2019 Same Store Rental revenues $ 1,690,770 $ 1,601,812 $ 1,526,101 Other property revenues 11,971 11,557 12,174 Total Same Store revenues 1,702,741 1,613,369 1,538,275 Non-Same Store and Other Rental revenues 74,432 64,401 101,503 Other property revenues 909 214 1,239 Total Non-Same Store and Other revenues 75,341 64,615 102,742 Total rental and other property revenues $ 1,778,082 $ 1,677,984 $ 1,641,017 Net Operating Income: Same Store NOI $ 1,064,308 $ 1,001,919 $ 968,190 Non-Same Store and Other NOI 42,609 35,594 59,982 Total NOI 1,106,917 1,037,513 1,028,172 Depreciation and amortization ( 533,433 ) ( 510,842 ) ( 496,843 ) Property management expenses ( 55,732 ) ( 52,300 ) ( 55,011 ) General and administrative expenses ( 52,884 ) ( 46,858 ) ( 43,845 ) Interest expense ( 156,881 ) ( 167,562 ) ( 179,847 ) Gain on sale of depreciable real estate assets 220,428 9 80,988 Gain on sale of non-depreciable real estate assets 811 1,024 12,047 Other non-operating income 33,902 4,857 22,999 Income tax expense ( 13,637 ) ( 3,327 ) ( 3,696 ) Income from real estate joint venture 1,211 1,501 1,654 Net income attributable to noncontrolling interests ( 16,911 ) ( 9,053 ) ( 12,807 ) Dividends to MAA Series I preferred shareholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders $ 530,103 $ 251,274 $ 350,123 Assets for each reportable segment as of December 31, 2021 and 2020 were as follows (in thousands): Assets: December 31, 2021 December 31, 2020 Same Store $ 9,832,347 $ 10,076,511 Non-Same Store and Other 1,181,432 937,375 Corporate assets 271,403 180,905 Total assets $ 11,285,182 $ 11,194,791 |
Real Estate Acquisitions and Di
Real Estate Acquisitions and Dispositions | 12 Months Ended |
Dec. 31, 2021 | |
Real Estate [Abstract] | |
Real Estate Acquisitions and Dispositions | 14. Real Estate Acquisitions and Dispositions The following table reflects the Company’s acquisition activity for the year ended December 31, 2021: Multifamily Development Acquisitions Market Units (1) Date Acquired Novel Daybreak (2) Salt Lake City, UT 400 April 2021 Novel West Midtown (2) Atlanta, GA 340 April 2021 (1) Represents number of units upon completion of the development. (2) This pre-purchase multifamily community development is being developed through a joint venture with a local developer. The Company owns 80 % of the joint venture that owns this property. Land Acquisition Market Acres Date Acquired MAA Westshore Tampa, FL 19 June 2021 The following table reflects the Company’s disposition activity for the year ended December 31, 2021: Multifamily Dispositions Market Units Date Sold Crosswinds Jackson, MS 360 June 2021 Pear Orchard Jackson, MS 389 June 2021 Reflection Pointe Jackson, MS 296 June 2021 Lakeshore Landing Jackson, MS 196 June 2021 MAA Timbercrest Charlotte, NC 282 November 2021 Colonial Village at Greentree Savannah, GA 194 November 2021 Colonial Village at Marsh Cove Savannah, GA 188 November 2021 Land Dispositions Market Acres Date Sold Colonial Promenade Huntsville, AL 1 September 2021 Tutwiler Birmingham, AL 9 September 2021 Colonial Grand at Sweetwater Phoenix, AZ 5 October 2021 Colonial Grand at Traditions Gulf Shores, AL 118 December 2021 Colonial Grand at Thunderbird Phoenix, AZ 9 December 2021 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | 15. Subsequent Events In January 2022, the Company entered into an agreement with a third technology-focused limited partnership and made an initial investment of $ 7.5 million. The Company is committed to make additional capital contributions totaling $ 17.5 million if and when called by the general partner of the limited partnership. |
Schedule III Real Estate and Ac
Schedule III Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2021 | |
Real Estate And Accumulated Depreciation Disclosure [Abstract] | |
Schedule III Real Estate and Accumulated Depreciation | Initial Cost Costs Capitalized Subsequent Gross Amount carried as of Property Location Encumbrances Land Buildings Land Buildings Land Buildings Total (3) Accumulated (4) Net Date of Date Birchall at Ross Bridge Birmingham, AL — $ 2,641 $ 28,842 — $ 2,900 $ 2,641 $ 31,742 $ 34,383 $ ( 11,255 ) $ 23,128 2009 2011 Colonial Grand at Riverchase Trails Birmingham, AL — 3,762 22,079 — 6,549 3,762 28,628 32,390 ( 10,925 ) 21,465 2010 2013 Colonial Village at Trussville Birmingham, AL — 3,403 31,813 — 4,905 3,403 36,718 40,121 ( 13,131 ) 26,990 1996/97 2013 Eagle Ridge Birmingham, AL — 852 7,667 — 4,584 852 12,251 13,103 ( 8,889 ) 4,214 1986 1998 Colonial Grand at Traditions Gulf Shores, AL — 3,212 25,162 — 5,232 3,212 30,394 33,606 ( 11,194 ) 22,412 2007 2013 Colonial Grand at Edgewater Huntsville, AL — 4,944 38,673 — 8,222 4,944 46,895 51,839 ( 15,206 ) 36,633 1990 2013 Paddock Club at Providence Huntsville, AL — 1,740 10,152 — 14,867 1,740 25,019 26,759 ( 16,361 ) 10,398 1993 1997 Colonial Grand at Madison Madison, AL — 3,602 28,934 — 2,370 3,602 31,304 34,906 ( 11,654 ) 23,252 2000 2013 Cypress Village Orange Beach, AL — 1,290 12,238 — 3,010 1,290 15,248 16,538 ( 5,087 ) 11,451 2008 2013 Colonial Grand at Liberty Park Vestavia Hills, AL — 3,922 30,977 — 7,624 3,922 38,601 42,523 ( 14,412 ) 28,111 2000 2013 Sky View Ranch Gilbert, AZ — 2,668 14,577 — 2,945 2,668 17,522 20,190 ( 7,739 ) 12,451 2007 2009 Colonial Grand at Inverness Commons Mesa, AZ — 4,219 26,255 — 4,007 4,219 30,262 34,481 ( 10,308 ) 24,173 2002 2013 Edge at Lyon's Gate Phoenix, AZ — 7,901 27,182 — 3,784 7,901 30,966 38,867 ( 14,177 ) 24,690 2007 2008 Residences at Fountainhead Phoenix, AZ — (1) 12,212 56,705 — 2,391 12,212 59,096 71,308 ( 10,197 ) 61,111 2015 2016 Talus Ranch Phoenix, AZ — 12,741 47,701 — 5,462 12,741 53,163 65,904 ( 27,009 ) 38,895 2005 2006 Novel Midtown Phoenix, AZ — 9,001 — — 73,926 9,001 73,926 82,927 ( 2,749 ) 80,178 2021 2019 Colonial Grand at OldTown Scottsdale Scottsdale, AZ — 7,820 51,627 — 6,679 7,820 58,306 66,126 ( 20,091 ) 46,035 1994/95 2013 Colonial Grand at Scottsdale Scottsdale, AZ — 3,612 20,273 — 3,593 3,612 23,866 27,478 ( 8,319 ) 19,159 1999 2013 SkySong Scottsdale, AZ — — 55,748 — 3,239 — 58,987 58,987 ( 10,575 ) 48,412 2014 2015 MAA River North Denver, CO — 14,500 28,900 — 40,800 14,500 69,700 84,200 ( 10,045 ) 74,155 2018 2016 MAA Promenade Denver, CO — 24,111 81,317 — 22,456 24,111 103,773 127,884 ( 11,516 ) 116,368 2017/19 2018 MAA Tiffany Oaks Altamonte Springs, FL — 1,024 9,219 — 5,630 1,024 14,849 15,873 ( 11,251 ) 4,622 1985 1996 Colonial Grand at Lakewood Ranch Bradenton, FL — 2,980 40,230 — 6,366 2,980 46,596 49,576 ( 15,909 ) 33,667 1999 2013 Indigo Point Brandon, FL — 1,167 10,500 — 4,214 1,167 14,714 15,881 ( 10,150 ) 5,731 1989 2000 Paddock Club Brandon Brandon, FL — 2,896 26,111 — 7,342 2,896 33,453 36,349 ( 23,848 ) 12,501 1998 1997 MAA Coral Springs Coral Springs, FL — 9,600 40,004 — 14,001 9,600 54,005 63,605 ( 29,765 ) 33,840 1996 2004 Paddock Club Gainesville Gainesville, FL — 1,800 15,879 — 5,032 1,800 20,911 22,711 ( 12,070 ) 10,641 1999 1998 The Retreat at Magnolia Parke Gainesville, FL — 2,040 16,338 — 1,463 2,040 17,801 19,841 ( 6,544 ) 13,297 2009 2011 MAA Heathrow Heathrow, FL — 4,101 35,684 — 5,578 4,101 41,262 45,363 ( 14,755 ) 30,608 1997 2013 220 Riverside Jacksonville, FL — 2,381 35,514 — 9,016 2,381 44,530 46,911 ( 7,251 ) 39,660 2015 2012 Atlantic Crossing Jacksonville, FL — 4,000 19,495 — 3,062 4,000 22,557 26,557 ( 8,245 ) 18,312 2008 2011 Cooper's Hawk Jacksonville, FL — 854 7,500 — 4,040 854 11,540 12,394 ( 9,039 ) 3,355 1987 1995 Hunter's Ridge at Deerwood Jacksonville, FL — 1,533 13,835 — 5,994 1,533 19,829 21,362 ( 14,323 ) 7,039 1987 1997 Lakeside Jacksonville, FL — 1,430 12,883 — 8,396 1,430 21,279 22,709 ( 16,314 ) 6,395 1985 1996 Lighthouse at Fleming Island Jacksonville, FL — 4,047 35,052 — 5,608 4,047 40,660 44,707 ( 24,091 ) 20,616 2003 2003 Paddock Club Mandarin Jacksonville, FL — 1,411 14,967 — 3,465 1,411 18,432 19,843 ( 10,601 ) 9,242 1998 1998 St. Augustine Jacksonville, FL — 2,857 6,475 — 19,592 2,857 26,067 28,924 ( 13,451 ) 15,473 1987/ 2008 1995 Tattersall at Tapestry Park Jacksonville, FL — 6,417 36,069 — 2,637 6,417 38,706 45,123 ( 13,668 ) 31,455 2009 2011 Woodhollow Jacksonville, FL — 1,678 15,179 — 9,119 1,678 24,298 25,976 ( 18,682 ) 7,294 1986 1997 MAA Lake Mary Lake Mary, FL — (2) 6,346 41,539 — 25,403 6,346 66,942 73,288 ( 18,790 ) 54,498 2012 2013 MAA Town Park Lake Mary, FL — 5,742 56,562 — 7,184 5,742 63,746 69,488 ( 23,729 ) 45,759 2005 2013 MAA Town Park Reserve Lake Mary, FL — 3,481 10,311 — 578 3,481 10,889 14,370 ( 4,137 ) 10,233 2004 2013 MAA Heather Glen Orlando, FL — 4,662 56,988 — 7,938 4,662 64,926 69,588 ( 22,662 ) 46,926 2000 2013 MAA Randal Lakes Orlando, FL — 8,859 50,553 — 49,518 8,859 100,071 108,930 ( 17,424 ) 91,506 2014/17 2013 MAA Baldwin Park Orlando, FL — 18,101 144,200 — 4,927 18,101 149,127 167,228 ( 30,996 ) 136,232 2011 2016 MAA Crosswater Orlando, FL — 7,046 52,585 — 1,326 7,046 53,911 60,957 ( 10,177 ) 50,780 2013 2016 MAA Parkside Orlando, FL — 5,669 49,754 — 8,504 5,669 58,258 63,927 ( 11,627 ) 52,300 1999 2016 MAA Lake Nona Orlando, FL — 7,880 41,175 — 7,214 7,880 48,389 56,269 ( 16,087 ) 40,182 2006 2012 Sand Lake Orlando, FL — 7,635 — — 59,684 7,635 59,684 67,319 ( 1,232 ) 66,087 2021 2019 Park Crest at Innisbrook Palm Harbor, FL — 6,900 26,613 — 4,514 6,900 31,127 38,027 ( 13,985 ) 24,042 2000 2009 The Club at Panama Beach Panama City, FL — 893 14,276 — 5,032 893 19,308 20,201 ( 11,500 ) 8,701 2000 1998 MAA Twin Lakes Sanford, FL — 3,091 47,793 — 3,696 3,091 51,489 54,580 ( 18,097 ) 36,483 2005 2013 Paddock Club Tallahassee Tallahassee, FL — 1,480 4,805 — 14,431 1,480 19,236 20,716 ( 14,369 ) 6,347 1992 1997 Verandas at Southwood Tallahassee, FL — 3,600 25,914 — 2,426 3,600 28,340 31,940 ( 7,535 ) 24,405 2003 2011 Belmere Tampa, FL — 852 7,667 — 6,992 852 14,659 15,511 ( 10,865 ) 4,646 1984 1994 Colonial Grand at Hampton Preserve Tampa, FL — 6,233 69,535 — 3,172 6,233 72,707 78,940 ( 23,677 ) 55,263 2012 2013 Links at Carrollwood Tampa, FL — 927 7,355 — 6,259 927 13,614 14,541 ( 9,748 ) 4,793 1980 1998 Post Bay at Rocky Point Tampa, FL — 4,541 28,381 — 2,216 4,541 30,597 35,138 ( 6,384 ) 28,754 1997 2016 Post Harbour Place Tampa, FL — 16,296 116,193 — 15,059 16,296 131,252 147,548 ( 28,051 ) 119,497 1997 2016 Post Hyde Park Tampa, FL — 16,891 95,259 — 8,741 16,891 104,000 120,891 ( 22,344 ) 98,547 1994 2016 Post Rocky Point Tampa, FL — 35,260 153,102 — 16,818 35,260 169,920 205,180 ( 35,663 ) 169,517 1994-1996 2016 Post Soho Square Tampa, FL — (1) 5,190 56,296 — 1,057 5,190 57,353 62,543 ( 10,705 ) 51,838 2012 2016 Village Oaks Tampa, FL — 2,891 19,055 — 3,197 2,891 22,252 25,143 ( 10,018 ) 15,125 2005 2008 Colonial Grand at Seven Oaks Wesley Chapel, FL — 3,051 42,768 — 3,613 3,051 46,381 49,432 ( 15,903 ) 33,529 2004 2013 MAA Windermere Windermere, FL — (1) 2,711 36,710 — 2,304 2,711 39,014 41,725 ( 12,647 ) 29,078 2009 2013 MAA Briarcliff Atlanta, GA — 24,614 114,921 — 6,307 24,614 121,228 145,842 ( 24,367 ) 121,475 1996 2016 Initial Cost Costs Capitalized Subsequent Gross Amount carried as of Property Location Encumbrances Land Buildings Land Buildings Land Buildings Total (3) Accumulated (4) Net Date of Date MAA Brookhaven Atlanta, GA — 29,048 106,463 — 8,765 29,048 115,228 144,276 ( 25,210 ) 119,066 1989-1992 2016 MAA Brookwood Atlanta, GA — (2) 11,168 52,758 — 5,969 11,168 58,727 69,895 ( 19,754 ) 50,141 2008 2012 MAA Buckhead Atlanta, GA — 8,633 19,844 — 10,894 8,633 30,738 39,371 ( 10,595 ) 28,776 2002 2012 MAA Centennial Park Atlanta, GA — 13,650 10,950 — 62,612 13,650 73,562 87,212 ( 8,384 ) 78,828 2018 2016 MAA Chastain Atlanta, GA — 30,223 82,964 — 4,828 30,223 87,792 118,015 ( 17,439 ) 100,576 1990 2016 MAA Dunwoody Atlanta, GA — 15,799 48,054 — 4,752 15,799 52,806 68,605 ( 11,019 ) 57,586 1995 2016 MAA Gardens Atlanta, GA — 17,907 56,093 — 6,134 17,907 62,227 80,134 ( 13,499 ) 66,635 1996 2016 MAA Glen Atlanta, GA — 13,878 51,079 — 6,624 13,878 57,703 71,581 ( 11,964 ) 59,617 1996 2016 MAA Lenox Atlanta, GA — 23,876 165,572 — 4,935 23,876 170,507 194,383 ( 37,951 ) 156,432 2006/15 2016 MAA Midtown Atlanta, GA — 7,000 44,000 — 41,290 7,000 85,290 92,290 ( 10,430 ) 81,860 2017 2016 MAA Oglethorpe Atlanta, GA — 6,856 31,441 — 7,717 6,856 39,158 46,014 ( 16,429 ) 29,585 1994 2008 MAA Peachtree Hills Atlanta, GA — 11,974 55,264 — 1,935 11,974 57,199 69,173 ( 10,976 ) 58,197 1992-1994/2009 2016 MAA Piedmont Park Atlanta, GA — 11,025 34,277 — 3,074 11,025 37,351 48,376 ( 7,203 ) 41,173 1999 2016 MAA Riverside Atlanta, GA — 23,765 89,369 — 10,699 23,765 100,068 123,833 ( 22,777 ) 101,056 1996 2016 MAA Spring Atlanta, GA — 18,596 57,819 — 7,090 18,596 64,909 83,505 ( 14,407 ) 69,098 1999 2016 MAA Stratford Atlanta, GA — — 30,051 — 6,116 — 36,167 36,167 ( 7,829 ) 28,338 1999 2016 MAA Berkeley Lake Duluth, GA — 1,960 15,707 — 2,932 1,960 18,639 20,599 ( 7,808 ) 12,791 1998 2013 MAA McDaniel Farm Duluth, GA — 3,985 32,206 — 6,206 3,985 38,412 42,397 ( 15,458 ) 26,939 1997 2013 MAA Pleasant Hill Duluth, GA — 6,753 32,202 — 7,421 6,753 39,623 46,376 ( 15,106 ) 31,270 1996 2013 MAA Prescott Duluth, GA — 3,840 24,011 — 6,011 3,840 30,022 33,862 ( 17,027 ) 16,835 2001 2004 MAA River Oaks Duluth, GA — 4,349 13,579 — 3,634 4,349 17,213 21,562 ( 8,423 ) 13,139 1992 2013 MAA River Place Duluth, GA — 2,059 19,158 — 4,186 2,059 23,344 25,403 ( 9,134 ) 16,269 1994 2013 MAA Mount Vernon Dunwoody, GA — 6,861 23,748 — 4,813 6,861 28,561 35,422 ( 9,983 ) 25,439 1997 2013 MAA Lake Lanier Gainesville, GA — 6,710 40,994 — 10,502 6,710 51,496 58,206 ( 29,059 ) 29,147 1998/ 2001 2005 MAA Shiloh Kennesaw, GA — 4,864 45,893 — 8,224 4,864 54,117 58,981 ( 19,573 ) 39,408 2002 2013 MAA Milstead LaGrange, GA — 3,100 29,240 — 3,817 3,100 33,057 36,157 ( 10,277 ) 25,880 1998 2008 MAA Barrett Creek Marietta, GA — 5,661 26,186 — 3,866 5,661 30,052 35,713 ( 12,672 ) 23,041 1999 2013 Colonial Grand at Godley Lake Pooler, GA — 1,750 30,893 — 2,650 1,750 33,543 35,293 ( 11,618 ) 23,675 2008 2013 Colonial Grand at Godley Station Pooler, GA 5,262 1,800 35,454 — 5,405 1,800 40,859 42,659 ( 13,895 ) 28,764 2001 2013 Avala at Savannah Quarters Savannah, GA — 1,500 24,862 — 3,105 1,500 27,967 29,467 ( 9,978 ) 19,489 2009 2011 Colonial Grand at Hammocks Savannah, GA — 2,441 36,863 — 6,993 2,441 43,856 46,297 ( 15,081 ) 31,216 1997 2013 Colonial Village at Huntington Savannah, GA — 2,521 8,223 — 2,685 2,521 10,908 13,429 ( 3,923 ) 9,506 1986 2013 Georgetown Grove Savannah, GA — 1,288 11,579 — 3,885 1,288 15,464 16,752 ( 11,415 ) 5,337 1997 1998 Oaks at Wilmington Island Savannah, GA — 2,864 25,315 — 5,994 2,864 31,309 34,173 ( 15,886 ) 18,287 1999 2006 MAA West Village Smyrna, GA — 14,410 73,733 — 10,077 14,410 83,810 98,220 ( 21,973 ) 76,247 2006/12 2014 Ranch at Prairie Trace Overland Park, KS — 3,500 40,614 — 2,332 3,500 42,946 46,446 ( 7,542 ) 38,904 2015 2015 MAA Pinnacle Lexington, KY — 2,024 31,525 — 7,050 2,024 38,575 40,599 ( 22,033 ) 18,566 2000 1998 MAA Lakepointe Lexington, KY — 411 3,699 — 2,819 411 6,518 6,929 ( 5,132 ) 1,797 1986 1994 MAA Mansion Lexington, KY — 694 6,242 — 4,163 694 10,405 11,099 ( 8,110 ) 2,989 1989 1994 MAA Village Lexington, KY — 900 8,097 — 5,028 900 13,125 14,025 ( 10,450 ) 3,575 1989 1994 MAA Stonemill Village Louisville, KY — 1,169 10,518 — 10,463 1,169 20,981 22,150 ( 16,087 ) 6,063 1985 1994 Market Station Kansas City, MO — 5,814 46,241 — 3,759 5,814 50,000 55,814 ( 15,927 ) 39,887 2010 2012 The Denton Kansas City, MO — 5,520 50,939 — 28,973 5,520 79,912 85,432 ( 12,651 ) 72,781 2013/14/17 2015 Colonial Village at Beaver Creek Apex, NC — 7,491 34,863 — 3,305 7,491 38,168 45,659 ( 12,976 ) 32,683 2007 2013 Hermitage at Beechtree Cary, NC — 900 8,099 — 5,569 900 13,668 14,568 ( 9,918 ) 4,650 1988 1997 Waterford Forest Cary, NC — 4,000 20,250 — 5,038 4,000 25,288 29,288 ( 13,599 ) 15,689 1996 2005 MAA 1225 Charlotte, NC — 9,612 22,342 — 31,117 9,612 53,459 63,071 ( 14,515 ) 48,556 2010 2010 MAA Ayrsley Charlotte, NC — 2,481 52,119 — 16,528 2,481 68,647 71,128 ( 21,483 ) 49,645 2008 2013 MAA Ballantyne Charlotte, NC — 16,216 44,817 — 4,701 16,216 49,518 65,734 ( 10,088 ) 55,646 2004 2016 MAA Beverly Crest Charlotte, NC — 3,161 24,004 — 4,917 3,161 28,921 32,082 ( 9,771 ) 22,311 1996 2013 MAA Chancellor Park Charlotte, NC — 5,311 28,016 — 5,634 5,311 33,650 38,961 ( 12,088 ) 26,873 1999 2013 MAA City Grand Charlotte, NC — 1,620 17,499 — 1,480 1,620 18,979 20,599 ( 6,254 ) 14,345 2005 2013 MAA Enclave Charlotte, NC — 1,461 18,984 — 2,303 1,461 21,287 22,748 ( 6,524 ) 16,224 2008 2013 MAA Gateway Charlotte, NC — 17,528 57,444 — 8,852 17,528 66,296 83,824 ( 14,178 ) 69,646 2000 2016 MAA Legacy Park Charlotte, NC — 2,891 28,272 — 4,201 2,891 32,473 35,364 ( 11,323 ) 24,041 2001 2013 MAA Prosperity Creek Charlotte, NC — 4,591 27,713 — 2,933 4,591 30,646 35,237 ( 11,033 ) 24,204 2005 2013 MAA Reserve Charlotte, NC — 4,628 44,282 — 13,664 4,628 57,946 62,574 ( 11,480 ) 51,094 2013 2013 MAA South Line Charlotte, NC — 18,835 58,795 — 4,165 18,835 62,960 81,795 ( 11,736 ) 70,059 2009 2016 MAA South Park Charlotte, NC — 20,869 65,517 — 8,175 20,869 73,692 94,561 ( 15,299 ) 79,262 1996 2016 MAA South Tryon Charlotte, NC — 2,260 19,489 — 3,080 2,260 22,569 24,829 ( 8,021 ) 16,808 2002 2013 MAA University Lake Charlotte, NC — 3,250 31,389 — 5,781 3,250 37,170 40,420 ( 13,552 ) 26,868 1998 2013 MAA Uptown Charlotte, NC — 10,888 30,078 — 4,747 10,888 34,825 45,713 ( 7,135 ) 38,578 2000 2016 MAA Cornelius Cornelius, NC — 4,571 29,151 — 2,462 4,571 31,613 36,184 ( 11,602 ) 24,582 2009 2013 Colonial Grand at Patterson Place Durham, NC — 2,590 27,126 — 4,089 2,590 31,215 33,805 ( 10,953 ) 22,852 1997 2013 Colonial Grand at Research Park Durham, NC — 4,201 37,682 — 4,875 4,201 42,557 46,758 ( 15,043 ) 31,715 2002 2013 Colonial Village at Deerfield Durham, NC — 3,271 15,609 — 2,419 3,271 18,028 21,299 ( 7,325 ) 13,974 1985 2013 MAA Huntersville Huntersville, NC — 4,251 31,948 — 4,422 4,251 36,370 40,621 ( 12,972 ) 27,649 2008 2013 MAA Fifty-One Matthews, NC — 3,071 21,830 — 6,692 3,071 28,522 31,593 ( 11,359 ) 20,234 2008 2013 MAA Matthews Commons Matthews, NC — 3,690 28,536 — 3,046 3,690 31,582 35,272 ( 11,179 ) 24,093 2008 2013 Reserve at Arringdon Morrisville, NC — 6,401 31,134 — 5,177 6,401 36,311 42,712 ( 12,635 ) 30,077 2003 2013 Colonial Grand at Brier Creek Raleigh, NC — 7,372 50,202 — 3,883 7,372 54,085 61,457 ( 18,235 ) 43,222 2010 2013 Colonial Grand at Brier Falls Raleigh, NC — 6,572 48,910 — 3,548 6,572 52,458 59,030 ( 17,275 ) 41,755 2008 2013 Colonial Grand at Crabtree Valley Raleigh, NC — 2,241 18,434 — 3,317 2,241 21,751 23,992 ( 7,061 ) 16,931 1997 2013 Initial Cost Costs Capitalized Subsequent Gross Amount carried as of Property Location Encumbrances Land Buildings Land Buildings Land Buildings Total (3) Accumulated (4) Net Date of Date Colonial Grand at Trinity Commons Raleigh, NC — 5,232 45,138 — 5,865 5,232 51,003 56,235 ( 18,397 ) 37,838 2000/02 2013 Hue Raleigh, NC — 3,690 29,910 — 2,794 3,690 32,704 36,394 ( 9,951 ) 26,443 2009 2010 Post Parkside at Wade Raleigh, NC — 19,434 98,288 — 28,097 19,434 126,385 145,819 ( 27,901 ) 117,918 2011/17/19 2016 Preserve at Brier Creek Raleigh, NC — 5,831 21,980 — 27,126 5,831 49,106 54,937 ( 22,795 ) 32,142 2004 2006 Providence at Brier Creek Raleigh, NC — 4,695 29,007 — 2,531 4,695 31,538 36,233 ( 14,541 ) 21,692 2007 2008 Colonial Grand at Desert Vista North Las Vegas, NV — 4,091 29,826 — 2,568 4,091 32,394 36,485 ( 11,576 ) 24,909 2009 2013 Colonial Grand at Palm Vista North Las Vegas, NV — 4,909 25,643 — 5,136 4,909 30,779 35,688 ( 11,481 ) 24,207 2007 2013 Tanglewood Anderson, SC — 427 3,853 — 2,786 427 6,639 7,066 ( 5,588 ) 1,478 1980 1994 1201 Midtown Charleston, SC — 18,679 63,759 — 17,624 18,679 81,383 100,062 ( 11,364 ) 88,698 2015/18 2016 Colonial Grand at Cypress Cove Charleston, SC — 3,610 28,645 — 4,284 3,610 32,929 36,539 ( 11,450 ) 25,089 2001 2013 Colonial Village at Hampton Pointe Charleston, SC — 3,971 22,790 — 7,977 3,971 30,767 34,738 ( 10,815 ) 23,923 1986 2013 Colonial Village at Westchase Charleston, SC — 4,571 20,091 — 5,481 4,571 25,572 30,143 ( 10,068 ) 20,075 1985 2013 Quarterdeck at James Island Charleston, SC — 920 24,097 — 7,190 920 31,287 32,207 ( 11,001 ) 21,206 1987 2013 River's Walk Charleston, SC — 8,831 39,430 — 2,774 8,831 42,204 51,035 ( 8,085 ) 42,950 2013/16 2013 Paddock Club Columbia Columbia, SC — 1,840 16,560 — 5,976 1,840 22,536 24,376 ( 16,400 ) 7,976 1991 1997 The Fairways Columbia, SC — 910 8,207 — 3,327 910 11,534 12,444 ( 9,348 ) 3,096 1992 1994 Colonial Village at Windsor Place Goose Creek, SC — 1,321 14,163 — 4,576 1,321 18,739 20,060 ( 7,321 ) 12,739 1985 2013 Highland Ridge Greenville, SC — 482 4,337 — 2,982 482 7,319 7,801 ( 5,304 ) 2,497 1984 1995 Howell Commons Greenville, SC — 1,304 11,740 — 4,761 1,304 16,501 17,805 ( 12,418 ) 5,387 1987 1997 Innovation Apartment Homes Greenville, SC — 4,437 52,026 — 2,729 4,437 54,755 59,192 ( 10,086 ) 49,106 2015 2016 Paddock Club Greenville Greenville, SC — 1,200 10,800 — 3,434 1,200 14,234 15,434 ( 10,259 ) 5,175 1996 1997 Park Haywood Greenville, SC — 360 2,925 — 5,008 360 7,933 8,293 ( 6,140 ) 2,153 1983 1993 Spring Creek Greenville, SC — 583 5,374 — 3,093 583 8,467 9,050 ( 6,453 ) 2,597 1985 1995 The Greene Greenville, SC — 5,427 66,546 — 1,109 5,427 67,655 73,082 ( 4,049 ) 69,033 2019 2019 Runaway Bay Mt. Pleasant, SC — 1,096 7,269 — 6,858 1,096 14,127 15,223 ( 10,982 ) 4,241 1988 1995 Colonial Grand at Commerce Park North Charleston, SC — 2,780 33,966 — 5,130 2,780 39,096 41,876 ( 12,994 ) 28,882 2008 2013 535 Brookwood Simpsonville, SC — 1,216 18,666 — 2,424 1,216 21,090 22,306 ( 8,427 ) 13,879 2008 2010 Park Place Spartanburg, SC — 723 6,504 — 2,678 723 9,182 9,905 ( 7,044 ) 2,861 1987 1997 Colonial Village at Waters Edge Summerville, SC — 2,103 9,187 — 4,778 2,103 13,965 16,068 ( 6,435 ) 9,633 1985 2013 Farmington Village Summerville, SC — 2,800 26,295 — 3,472 2,800 29,767 32,567 ( 14,389 ) 18,178 2007 2007 Hamilton Pointe Chattanooga, TN — 1,131 10,632 — 7,406 1,131 18,038 19,169 ( 9,287 ) 9,882 1989 1992 Hidden Creek Chattanooga, TN — 972 8,954 — 7,157 972 16,111 17,083 ( 8,444 ) 8,639 1987 1988 Steeplechase Chattanooga, TN — 217 1,957 — 4,380 217 6,337 6,554 ( 4,022 ) 2,532 1986 1991 Windridge Chattanooga, TN — 817 7,416 — 4,631 817 12,047 12,864 ( 8,910 ) 3,954 1984 1997 Kirby Station Memphis, TN — 1,148 10,337 — 10,312 1,148 20,649 21,797 ( 15,656 ) 6,141 1978 1994 Lincoln on the Green Memphis, TN — 1,498 20,483 — 16,990 1,498 37,473 38,971 ( 28,748 ) 10,223 1992 1994 Park Estate Memphis, TN — 178 1,141 — 3,620 178 4,761 4,939 ( 3,593 ) 1,346 1974 1977 Reserve at Dexter Lake Memphis, TN — 3,407 16,043 — 46,439 3,407 62,482 65,889 ( 32,288 ) 33,601 2000 1998 Paddock Club Murfreesboro Murfreesboro, TN — 915 14,774 — 4,242 915 19,016 19,931 ( 11,147 ) 8,784 1999 1998 Acklen West End Nashville, TN — 12,761 58,906 — 2,162 12,761 61,068 73,829 ( 9,012 ) 64,817 2015 2017 Aventura at Indian Lake Village Nashville, TN — 4,950 28,053 — 2,838 4,950 30,891 35,841 ( 10,932 ) 24,909 2010 2011 Avondale at Kennesaw Nashville, TN — 3,456 22,443 — 4,884 3,456 27,327 30,783 ( 10,454 ) 20,329 2008 2010 Brentwood Downs Nashville, TN — 1,191 10,739 — 8,926 1,191 19,665 20,856 ( 14,160 ) 6,696 1986 1994 Charlotte at Midtown Nashville, TN — 7,898 54,480 — 2,543 7,898 57,023 64,921 ( 7,923 ) 56,998 2016 2017 MAA Bellevue Nashville, TN — 17,193 64,196 — 7,385 17,193 71,581 88,774 ( 20,047 ) 68,727 1996/ 2015 2013 Grande View Nashville Nashville, TN — 2,963 33,673 — 9,215 2,963 42,888 45,851 ( 23,596 ) 22,255 2001 1998 Monthaven Park Nashville, TN — 2,736 28,902 — 6,677 2,736 35,579 38,315 ( 21,250 ) 17,065 2000 2004 Park at Hermitage Nashville, TN — 1,524 14,800 — 8,810 1,524 23,610 25,134 ( 18,651 ) 6,483 1987 1995 Venue at Cool Springs Nashville, TN — 6,670 — — 53,880 6,670 53,880 60,550 ( 13,391 ) 47,159 2012 2010 Verandas at Sam Ridley Nashville, TN — 3,350 28,308 — 4,450 3,350 32,758 36,108 ( 12,728 ) 23,380 2009 2010 Balcones Woods Austin, TX — 1,598 14,398 — 13,348 1,598 27,746 29,344 ( 17,814 ) 11,530 1983 1997 Colonial Grand at Canyon Creek Austin, TX — 3,621 32,137 — 2,834 3,621 34,971 38,592 ( 12,289 ) 26,303 2008 2013 Colonial Grand at Canyon Pointe Austin, TX — 3,778 20,201 — 3,803 3,778 24,004 27,782 ( 9,105 ) 18,677 2003 2013 Colonial Grand at Double Creek Austin, TX — 3,131 29,375 — 2,165 3,131 31,540 34,671 ( 10,964 ) 23,707 2013 2013 Colonial Grand at Onion Creek Austin, TX — 4,902 33,010 — 3,775 4,902 36,785 41,687 ( 13,093 ) 28,594 2009 2013 Colonial Grand at Wells Branch Austin, TX — (1) 3,722 32,283 — 3,584 3,722 35,867 39,589 ( 11,797 ) 27,792 2008 2013 Colonial Village at Quarry Oaks Austin, TX — 4,621 34,461 — 13,557 4,621 48,018 52,639 ( 16,287 ) 36,352 1996 2013 Grand Reserve at Sunset Valley Austin, TX — 3,150 11,393 — 5,964 3,150 17,357 20,507 ( 9,060 ) 11,447 1996 2004 Legacy at Western Oaks Austin, TX — (2) 9,100 49,339 — 3,585 9,100 52,924 62,024 ( 17,916 ) 44,108 2001 2009 Post Barton Creek Austin, TX — 8,683 21,497 — 4,554 8,683 26,051 34,734 ( 5,509 ) 29,225 1998 2016 Post Park Mesa Austin, TX — 4,653 19,828 — 2,139 4,653 21,967 26,620 ( 4,366 ) 22,254 1992 2016 Post South Lamar Austin, TX — 20,542 74,093 — 28,756 20,542 102,849 123,391 ( 18,243 ) 105,148 2011/17 2016 Post West Austin Austin, TX — (1) 7,805 48,843 — 2,721 7,805 51,564 59,369 ( 12,559 ) 46,810 2009 2016 Silverado at Brushy Creek Austin, TX — 2,900 24,009 — 5,716 2,900 29,725 32,625 ( 15,620 ) 17,005 2003 2006 Sixty 600 Austin, TX — 2,281 6,169 — 9,559 2,281 15,728 18,009 ( 9,965 ) 8,044 1987 1995 Stassney Woods Austin, TX — 1,621 7,501 — 8,881 1,621 16,382 18,003 ( 11,058 ) 6,945 1985 1995 The Woods on Barton Skyway Austin, TX — 1,405 12,769 — 12,858 1,405 25,627 27,032 ( 13,377 ) 13,655 1977 1997 MAA Shoal Creek Bedford, TX — 4,982 27,377 — 5,362 4,982 32,739 37,721 ( 12,190 ) 25,531 1996 2013 MAA Willow Creek Bedford, TX — 3,109 33,488 — 10,314 3,109 43,802 46,911 ( 16,203 ) 30,708 1996 2013 MAA Hebron Carrollton, TX — 4,231 42,237 — 2,673 4,231 44,910 49,141 ( 14,424 ) 34,717 2011 2013 Colonial Grand at Silverado Cedar Park, TX — 3,282 24,935 — 2,357 3,282 27,292 30,574 ( 9,505 ) 21,069 2005 2013 Colonial Grand at Silverado Reserve Cedar Park, TX — 3,951 31,705 — 3,093 3,951 34,798 38,749 ( 11,946 ) 26,803 2005 2013 Grand Cypress Cypress, TX — 3,881 24,267 — 4,447 3,881 28,714 32,595 ( 7,051 ) 25,544 2008 2013 MAA Medical District Dallas, TX — 4,050 33,779 — 3,683 4,050 37,462 41,512 ( 11,481 ) 30,031 2007 2013 MAA Highlands North Dallas, TX — 988 8,893 — 4,582 988 13,475 14,463 ( 9,545 ) 4,918 1986 1998 MAA Deer Run Dallas, TX — 1,252 11,271 — 5,371 1,252 16,642 17,894 ( 12,343 ) 5,551 1985 1998 Initial Cost Costs Capitalized Subsequent Gross Amount carried as of Property Location Encumbrances Land Buildings Land Buildings Land Buildings Total (3) Accumulated (4) Net Date of Date MAA Grand Courtyards Dallas, TX — 2,730 22,240 — 5,604 2,730 27,844 30,574 ( 14,215 ) 16,359 2000 2006 MAA Lowes Farm Dallas, TX — 5,016 41,091 — 3,976 5,016 45,067 50,083 ( 16,047 ) 34,036 2008 2011 MAA Frisco Bridges Dallas, TX — 14,845 66,571 — 64,427 14,845 130,998 145,843 ( 24,007 ) 121,836 2009/13/21 2013 MAA McKinney Avenue Dallas, TX — 34,765 40,127 — 10,151 34,765 50,278 85,043 ( 10,590 ) 74,453 1993/96 2016 MAA Worthington Dallas, TX — 13,713 43,268 — 8,461 13,713 51,729 65,442 ( 9,534 ) 55,908 1993/ 2008 2016 MAA Abbey Dallas, TX — 2,711 4,369 — 705 2,711 5,074 7,785 ( 1,056 ) 6,729 1996 2016 MAA Addison Circle Dallas, TX — 12,308 189,419 — 24,510 12,308 213,929 226,237 ( 42,860 ) 183,377 1998-2000 2016 MAA North Hall Dallas, TX — 13,030 14,383 — 3,601 13,030 17,984 31,014 ( 4,348 ) 26,666 1998 2016 MAA Eastside Dallas, TX — 7,134 58,095 — 4,539 7,134 62,634 69,768 ( 13,489 ) 56,279 2008 2016 MAA Gallery Dallas, TX — 4,391 7,910 — 1,320 4,391 9,230 13,621 ( 2,380 ) 11,241 1999 2016 MAA Heights Dallas, TX — 26,245 37,922 — 3,352 26,245 41,274 67,519 ( 9,058 ) 58,461 1998-1999/ 2009 2016 MAA Katy Trail Dallas, TX — 10,333 32,456 — 1,932 10,333 34,388 44,721 ( 6,491 ) 38,230 2010 2016 MAA Legacy Dallas, TX — (1) 6,575 55,277 — 5,907 6,575 61,184 67,759 ( 12,428 ) 55,331 2000 2016 MAA Meridian Dallas, TX — 8,780 13,654 — 1,045 8,780 14,699 23,479 ( 3,331 ) 20,148 1991 2016 MAA Uptown Village Dallas, TX — 34,974 33,213 — 8,201 34,974 41,414 76,388 ( 9,345 ) 67,043 1995-2000 2016 MAA Watermark Dallas, TX — 960 14,438 — 4,409 960 18,847 19,807 ( 10,354 ) 9,453 2002 2004 MAA Bear Creek Euless, TX — 6,453 30,048 — 4,494 6,453 34,542 40,995 ( 13,236 ) 27,759 1998 2013 MAA Fairview Fairview, TX — 2,171 35,077 — 1,822 2,171 36,899 39,070 ( 11,685 ) 27,385 2012 2013 MAA Starwood Frisco, TX — 3,240 26,069 — 2,795 3,240 28,864 32,104 ( 11,239 ) 20,865 2009 2010 MAA Grapevine Grapevine, TX — 2,351 29,757 — 8,212 2,351 37,969 40,320 ( 13,295 ) 27,025 1985/86 2013 Greenwood Forest Houston, TX — 3,465 23,482 — 2,452 3,465 25,934 29,399 ( 7,829 ) 21,570 1994 2013 Legacy Pines Houston, TX — 2,142 19,066 — 4,379 2,142 23,445 25,587 ( 14,293 ) 11,294 1999 2003 Park Place Houston Houston, TX — 2,061 15,830 — 3,783 2,061 19,613 21,674 ( 9,779 ) 11,895 1996 2007 Post 510 Houston, TX — 7,226 33,366 — 1,783 7,226 35,149 42,375 ( 7,919 ) 34,456 2014 2016 Post at Afton Oaks Houston, TX — 11,503 65,469 — 4,334 11,503 69,803 81,306 ( 18,246 ) 63,060 2017 2016 Post Midtown Square Houston, TX — 19,038 89,570 — 6,991 19,038 96,561 115,599 ( 20,546 ) 95,053 1999/ 2013 2016 Ranchstone Houston, TX — 1,480 14,807 — 3,799 1,480 18,606 20,086 ( 9,084 ) 11,002 1996 2007 Reserve at Woodwind Lakes Houston, TX — 1,968 19,928 — 5,351 1,968 25,279 27,247 ( 12,905 ) 14,342 1999 2006 Retreat at Vintage Park Houston, TX — (1) 8,211 40,352 — 2,118 8,211 42,470 50,681 ( 8,011 ) 42,670 2014 2014 Yale at 6th Houston, TX — (2) 13,107 62,764 — 2,688 13,107 65,452 78,559 ( 10,337 ) 68,222 2015 2016 Cascade at Fall Creek Humble, TX — 5,985 40,011 — 4,543 5,985 44,554 50,539 ( 20,927 ) 29,612 2007 2007 MAA Bella Casita Irving, TX — 2,521 26,432 — 5,841 2,521 32,273 34,794 ( 11,516 ) 23,278 2007 2010 MAA Valley Ranch Irving, TX — 5,072 37,397 — 14,559 5,072 51,956 57,028 ( 20,326 ) 36,702 1997 2013 MAA Las Colinas Irving, TX — (2) 3,902 40,691 — 3,310 3,902 44,001 47,903 ( 13,519 ) 34,384 2006 2013 MAA Remington Hills Irving, TX — 4,390 21,822 — 13,684 4,390 35,506 39,896 ( 12,627 ) 27,269 1984 2013 MAA Oakbend Lewisville, TX — 5,598 28,616 — 7,081 5,598 35,697 41,295 ( 12,740 ) 28,555 1997 2013 MAA Times Square McKinney, TX — 1,130 28,058 — 6,365 1,130 34,423 35,553 ( 13,626 ) 21,927 2009 2010 MAA Stonebridge Ranch McKinney, TX — 4,034 19,528 — 3,322 4,034 22,850 26,884 ( 6,502 ) 20,382 2000 2013 MAA Market Center Plano, TX — 16,894 110,705 — 5,177 16,894 115,882 132,776 ( 21,161 ) 111,615 2013/15 2014 MAA Highwood Plano, TX — 864 7,783 — 3,950 864 11,733 12,597 ( 8,329 ) 4,268 1983 1998 MAA Los Rios Plano, TX — 3,273 28,823 — 7,541 3,273 36,364 39,637 ( 21,553 ) 18,084 2000 2003 MAA Boulder Ridge Roanoke, TX — 3,382 26,930 — 7,780 3,382 34,710 38,092 ( 18,764 ) 19,328 1999 2005 MAA Copper Ridge Roanoke, TX — 4,166 — — 48,086 4,166 48,086 52,252 ( 10,162 ) 42,090 2009/20 2008 Colonial Grand at Ashton Oaks Round Rock, TX — 5,511 36,241 — 3,820 5,511 40,061 45,572 ( 13,914 ) 31,658 2009 2013 Colonial Grand at Round Rock Round Rock, TX — 4,691 45,379 — 3,652 4,691 49,031 53,722 ( 16,773 ) 36,949 1997 2013 Colonial Village at Sierra Vista Round Rock, TX — 2,561 16,488 — 4,877 2,561 21,365 23,926 ( 8,291 ) 15,635 1999 2013 Alamo Ranch San Antonio, TX — 2,380 26,982 — 3,734 2,380 30,716 33,096 ( 11,860 ) 21,236 2009 2011 Bulverde Oaks San Antonio, TX — 4,257 36,759 — 2,476 4,257 39,235 43,492 ( 7,677 ) 35,815 2014 2014 Haven at Blanco San Antonio, TX — 5,411 45,958 — 4,559 5,411 50,517 55,928 ( 16,680 ) 39,248 2010 2012 Stone Ranch at Westover Hills San Antonio, TX — 4,000 24,992 — 3,707 4,000 28,699 32,699 ( 12,093 ) 20,606 2009 2009 Cypresswood Court Spring, TX — 576 5,190 — 5,205 576 10,395 10,971 ( 6,637 ) 4,334 1984 1994 Villages at Kirkwood Stafford, TX — 1,918 15,846 — 3,783 1,918 19,629 21,547 ( 11,038 ) 10,509 1996 2004 Green Tree Place Woodlands, TX — 539 4,850 — 4,037 539 8,887 9,426 ( 6,767 ) 2,659 1984 1994 Stonefield Commons Charlottesville, VA — 11,044 36,689 — 2,021 11,044 38,710 49,754 ( 7,813 ) 41,941 2013 2014 Adalay Bay Chesapeake, VA — 5,280 31,341 — 4,077 5,280 35,418 40,698 ( 12,545 ) 28,153 2002 2012 Apartments at Cobblestone Square Fredericksburg, VA — 10,990 48,696 — 3,894 10,990 52,590 63,580 ( 11,512 ) 52,068 2012 2016 Colonial Village at Greenbrier Fredericksburg, VA — 4,842 21,677 — 3,763 4,842 25,440 30,282 ( 8,048 ) 22,234 1980 2013 Seasons at Celebrate Virginia Fredericksburg, VA — 14,490 32,083 — 41,603 14,490 73,686 88,176 ( 20,119 ) 68,057 2011 2011 Station Square at Cosner's Corner Fredericksburg, VA — 12,825 51,078 — 2,714 12,825 53,792 66,617 ( 10,900 ) 55,717 2013/16 2013 Colonial Village at Hampton Glen Glen Allen, VA — 4,851 21,678 — 4,324 4,851 26,002 30,853 ( 9,109 ) 21,744 1986 2013 Colonial Village at West End Glen Allen, VA — 4,661 18,908 — 3,478 4,661 22,386 27,047 ( 7,855 ) 19,192 1987 2013 Township Hampton, VA — 1,509 8,189 — 8,972 1,509 17,161 18,670 ( 12,521 ) 6,149 1987 1995 Colonial Village at Waterford Midlothian, VA — 6,733 29,221 — 6,193 6,733 35,414 42,147 ( 12,905 ) 29,242 1989 2013 Radius Newport News, VA — 5,040 36,481 — 4,278 5,040 40,759 45,799 ( 7,742 ) 38,057 2012 2015 Ashley Park Richmond, VA — 4,761 13,365 — 3,654 4,761 17,019 21,780 ( 6,640 ) 15,140 1988 2013 Colonial Village at Chase Gayton Richmond, VA — 6,021 29,004 — 4,710 6,021 33,714 39,735 ( 12,123 ) 27,612 1984 2013 Hamptons at Hunton Park Richmond, VA — 4,930 35,598 — 6,593 4,930 42,191 47,121 ( 15,221 ) 31,900 2003 2011 Retreat at West Creek Richmond, VA — 10,112 36,136 — 15,486 10,112 51,622 61,734 ( 8,574 ) 53,160 2015/17 2015 Post Carlyle Square Washington D.C. — 29,728 154,309 — 4,980 29,728 159,289 189,017 ( 30,892 ) 158,125 2006/13 2016 Post Corners at Trinity Center Washington D.C. — 7,664 70,012 — 3,169 7,664 73,181 80,845 ( 14,370 ) 66,475 1996 2016 Initial Cost Costs Capitalized Subsequent Gross Amount carried as of Property Location Encumbrances Land Buildings Land Buildings Land Buildings Total (3) Accumulated (4) Net Date of Date Post Fallsgrove Washington D.C. — 17,524 58,896 — 4,854 17,524 63,750 81,274 ( 13,064 ) 68,210 2003 2016 Post Park Washington D.C. — 5,355 79,842 — 3,766 5,355 83,608 88,963 ( 20,986 ) 67,977 2010 2016 MAA National Landing Washington D.C. — 30,452 125,091 — 18,101 30,452 143,192 173,644 ( 27,722 ) 145,922 2001 2016 Post Tysons Corner Washington D.C. — 30,776 82,021 — 7,680 30,776 89,701 120,477 ( 17,325 ) 103,152 1990 2016 MAA Robinson Orlando, FL — 6,003 — — 91,062 6,003 91,062 97,065 ( 1,887 ) 95,178 2021 2018 Total Residential Properties 5,262 1,840,840 9,864,650 — 2,367,555 1,840,840 12,232,205 14,073,045 ( 3,784,517 ) 10,288,528 Colonial Promenade at Huntsville Retail Huntsville, AL — 355 — — — 355 — 355 — 355 2017 2013 220 Riverside Retail Jacksonville, FL — 119 2,902 — 701 119 3,603 3,722 ( 277 ) 3,445 2015 2019 MAA Parkside Retail Orlando, FL — 742 11,924 — 1,317 742 13,241 13,983 ( 2,645 ) 11,338 1999 2016 Post Harbour Place Retail Tampa, FL — 386 4,315 — 351 386 4,666 5,052 ( 897 ) 4,155 1997 2016 Post Rocky Point Retail Tampa, FL — 34 51 — 403 34 454 488 ( 200 ) 288 1994-1996 2016 Post Soho Square Retail Tampa, FL — (1) 268 4,033 — 14 268 4,047 4,315 ( 1,113 ) 3,202 2012 2016 MAA Buckhead Retail Atlanta, GA — 867 3,465 — 977 867 4,442 5,309 ( 1,246 ) 4,063 2012 2012 MAA Piedmont Park Retail Atlanta, GA — 426 1,089 — 22 426 1,111 1,537 ( 237 ) 1,300 1999 2016 MAA Riverside Office Atlanta, GA — 9,680 22,108 — 10,165 9,680 32,273 41,953 ( 7,611 ) 34,342 1996 2016 MAA Riverside Retail Atlanta, GA — 889 2,340 — 2,609 889 4,949 5,838 ( 892 ) 4,946 1996 2016 Post Training Facility Atlanta, GA — 1,092 968 — 33 1,092 1,001 2,093 ( 406 ) 1,687 1999 2016 MAA West Village Retail Smyrna, GA — 3,408 8,446 — 1,629 3,408 10,075 13,483 ( 2,485 ) 10,998 2012 2014 The Denton Retail Kansas City, MO — 700 4,439 — 747 700 5,186 5,886 ( 1,018 ) 4,868 2014 2015 MAA 1225 Retail Charlotte, NC — 52 199 — 249 52 448 500 ( 174 ) 326 2010 2010 MAA Gateway Retail Charlotte, NC — 318 1,430 — 13 318 1,443 1,761 ( 321 ) 1,440 2000 2016 MAA South Line Retail Charlotte, NC — 470 1,289 — 207 470 1,496 1,966 ( 318 ) 1,648 2009 2016 MAA Uptown Re |
Organization and Summary of S_2
Organization and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Basis of Presentation And Principles Of Consolidation | Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared by the Company’s management in accordance with United States generally accepted accounting principles, or GAAP, and applicable rules and regulations of the Securities and Exchange Commission, or the SEC. The consolidated financial statements of MAA presented herein include the accounts of MAA, the Operating Partnership and all other subsidiaries in which MAA has a controlling financial interest. MAA owns, directly or indirectly, approximately 80 % to 100 % of all consolidated subsidiaries, including the Operating Partnership. In management’s opinion, all adjustments necessary for a fair presentation of the consolidated financial statements have been included, and all such adjustments were of a normal recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company invests in entities which may qualify as variable interest entities, or VIEs, and MAALP is considered a VIE. A VIE is a legal entity in which the equity investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or, as a group, the holders of the equity investment at risk lack the power to direct the activities of a legal entity as well as the obligation to absorb its expected losses or the right to receive its expected residual returns. MAALP is classified as a VIE because the limited partners lack substantive kick-out rights and substantive participating rights. The Company consolidates all VIEs for which it is the primary beneficiary and uses the equity method to account for investments that qualify as VIEs but for which it is not the primary beneficiary. In determining whether the Company is the primary beneficiary of a VIE, management considers both qualitative and quantitative factors, including, but not limited to, those activities that most significantly impact the VIE’s economic performance and which party controls such activities. The Company uses the equity method of accounting for its investments in entities for which the Company exercises significant influence but does not have the ability to exercise control. The factors considered in determining whether the Company has the ability to exercise control include ownership of voting interests and participatory rights of investors (see “Investments in Unconsolidated Affiliates” below). |
Noncontrolling Interests | Noncontrolling Interests As of December 31, 2021, the Company had two types of noncontrolling interests with respect to its consolidated subsidiaries: (1) noncontrolling interests related to the common unitholders of its Operating Partnership; and (2) noncontrolling interests related to its consolidated real estate entities. The noncontrolling interests relating to the limited partnership interests in the Operating Partnership are owned by the holders of the Class A OP Units. MAA is the sole general partner of the Operating Partnership and holds all of the outstanding Class B OP Units. Net income (after allocations to preferred ownership interests) is allocated to MAA and the noncontrolling interests based on their respective ownership percentages of the Operating Partnership. Issuance of additional Class A OP Units or Class B OP Units changes the ownership percentage of both the noncontrolling interests and MAA. The issuance of Class B OP Units generally occurs when MAA issues common stock and the issuance proceeds are contributed to the Operating Partnership in exchange for Class B OP Units equal to the number of shares of MAA’s common stock issued. At each reporting period, the allocation between total MAA shareholders’ equity and noncontrolling interests is adjusted to account for the change in the respective percentage ownership of the underlying equity of the Operating Partnership. MAA’s Board of Directors established economic rights in respect to each Class A OP Unit that were equivalent to the economic rights in respect to each share of MAA common stock. See Note 9 for additional details. The noncontrolling interests relating to the Company’s five consolidated real estate entities are owned by private real estate companies that are generally responsible for the development, construction and lease-up of the apartment communities that are owned through the consolidated real estate entities with a noncontrolling interest. The entities were determined to be VIE’s with the Company designated as the primary beneficiary. As a result, the accounts of the entities are consolidated by the Company. As of December 31, 2021, the consolidated assets and liabilities of the Company’s consolidated real estate entities with a noncontrolling interest were $ 252.8 million and $ 15.9 million , respectively. As of December 31, 2020, the consolidated assets and liabilities of the Company’s consolidated real estate entities with a noncontrolling interest were $ 128.9 million and $ 8.1 million , respectively. |
Real Estate Assets and Depreciation and Amortization | Real Estate Assets and Depreciation and Amortization Real estate assets are carried at depreciated cost and consist of land, buildings and improvements and other, and development and capital improvements in progress (see “Development Costs” below). Repairs and maintenance costs are expensed as incurred, while significant improvements, renovations and recurring capital replacements are capitalized and depreciated over their estimated useful lives. Recurring capital replacements typically include scheduled carpet replacement, new roofs, HVAC units, plumbing, concrete, masonry and other paving, pools and various exterior building improvements. In addition to these costs, the Company also capitalizes salary costs directly identifiable with renovation work. These expenditures extend the useful life of the property and increase the property’s fair market value. The cost of interior painting and blinds are typically expensed as incurred. Depreciation is computed on a straight-line basis over the estimated useful lives of the related assets, which range from three to 40 years. The line item “Buildings and improvements and other” in the Consolidated Balance Sheets includes land improvements and buildings, which have a useful life ranging from five to 40 years , as well as furniture, fixtures and equipment, which have a useful life of three to five years . |
Development Costs | Development Costs Development projects and the related carrying costs, including interest, property taxes, insurance and allocated direct development salary costs during the construction period, are capitalized and reported in the accompanying Consolidated Balance Sheets as “Development and capital improvements in progress” during the construction period. Interest is capitalized in accordance with accounting standards governing the capitalization of interest. Upon completion and certification for occupancy of individual buildings or floors within a development, amounts representing the completed portion of total estimated development costs for the project are transferred to “Buildings and improvements and other” as real estate held for investment. Capitalization of interest, property taxes, insurance and allocated direct development salary costs cease upon the transfer. The assets are depreciated over their estimated useful lives. Total capitalized costs (including capitalized interest, salaries and real estate taxes) during the years ended December 31, 2021, 2020 and 2019 were $ 16.6 million , $ 12.7 million and $ 6.5 million , respectively. Certain costs associated with the lease-up of development projects, including cost of model units, furnishings and signs, are capitalized and amortized over their respective estimated useful lives. All other costs relating to renting development projects are expensed as incurred. |
Acquisition of Real Estate Assets | Acquisition of Real Estate Assets In accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations , most acquisitions of operating properties qualify as an asset acquisition. Accordingly, the cost of the real estate acquired, including acquisition costs, is allocated to the acquired tangible assets, consisting of land, buildings and improvements and other, and identified intangible assets, consisting of the value of in-place leases and other contracts, on a relative fair value basis. Acquisition costs include appraisal fees, title fees, broker fees and other legal costs to acquire the property. The purchase price of an acquired property is allocated based on the relative fair value of the individual components as a proportion of the total assets acquired. The Company allocates the cost of the tangible assets of an acquired property by valuing the building as if it were vacant, based on management’s determination of the relative fair values of these assets. Management determines the as-if-vacant fair value of a building using methods similar to those used by independent appraisers. These methods include using stabilized net operating income, or NOI, and market specific capitalization and discount rates. The Company allocates the cost of land based on its relative fair value if acquired with a multifamily community or by the actual purchase price adjusted to an allocation of the relative fair value if acquired separately. In allocating the cost of identified intangible assets of an acquired property, the in-place leases are valued based on current rent rates and time and cost to lease a unit. Management concluded that the residential leases acquired in connection with each of its property acquisitions approximate at-market rates since the residential lease terms generally do not extend beyond one year. For residential leases, the fair value of the in-place leases and resident relationships is amortized over the remaining term of the resident leases. For retail and commercial leases, the fair value of in-place leases and tenant relationships is amortized over the remaining term of the leases. The net amount of these lease intangibles included in “Other assets” totaled $ 0.9 million and $ 1.3 million as of December 31, 2021 and 2020 , respectively. |
Impairment of Long-lived Assets, including Goodwill | Impairment of Long-lived Assets The Company accounts for long-lived assets in accordance with the provisions of accounting standards for the impairment or disposal of long-lived assets. Management periodically evaluates long-lived assets, including investments in real estate, for indicators that would suggest that the carrying amount of the assets may not be recoverable. The judgments regarding the existence of such indicators are based on factors such as operating performance, market conditions and legal factors. Long-lived assets, such as real estate assets, equipment and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are separately presented in the Consolidated Balance Sheets, are reported at the lower of the carrying amount or fair value less costs to sell and are no longer depreciated. The assets and liabilities of a disposed group or a property classified as held for sale are presented separately in the appropriate asset and liability sections of the Consolidated Balance Sheets. |
Undeveloped Land | Undeveloped Land Undeveloped land includes sites intended for future multifamily developments and sites for future commercial development, which are carried at the lower of cost or fair value in accordance with GAAP. Any costs incurred prior to commencement of pre-development activities are expensed as incurred. |
Cash and Cash Equivalents | Cash and Cash Equivalents Investments in money market accounts and certificates of deposit with original maturities of three months or less are considered to be cash equivalents. |
Restricted Cash | Restricted Cash Restricted cash consists of security deposits required to be held separately, escrow deposits held by lenders for property taxes, insurance, debt service and replacement reserves, and exchanges under Section 1031(b) of the Internal Revenue Code of 1986, as amended, or the Code. Section 1031(b) exchanges are presented within cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows. |
Investments in Unconsolidated Affiliates | Investments in Unconsolidated Affiliates The Company uses the equity method to account for its investments in a real estate joint venture and two technology-focused limited partnerships that each qualify as a VIE. Management determined the Company is not the primary beneficiary in any of these investments but does have the ability to exert significant influence over the operations and financial policies of the real estate joint venture and considers its investments in the limited partnerships to be more than minor. The Company’s investment in the real estate joint venture was $ 42.8 million and $ 43.3 million as of December 31, 2021 and 2020, respectively. As of December 31, 2021 and 2020, the Company’s investments in the technology-focused limited partnerships were $ 79.4 million and $ 23.0 million , respectively, and are included in “Other assets” in the accompanying Consolidated Balance Sheets. The increase in the Company’s investment in the limited partnerships was driven by the recognition of unrealized gains, which were primarily a result of an increase in the valuation of an underlying investment that recently became publicly traded. As of December 31, 2021, the Company was committed until February 2025 to make additional capital contributions totaling $ 16.0 million if and when called by the general partners of the limited partnerships. |
Other Assets | Other Assets Other assets consist primarily of receivables and deposits from residents, the value of derivative contracts, right-of-use lease assets, investments in technology-focused limited partnerships, deferred rental concessions, deferred financing costs relating to a revolving credit facility and other prepaid expenses. Also included in other assets are the fair market value of in-place leases and resident relationships, net of accumulated amortization. |
Accrued Expenses and Other Liabilities | Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consist of accrued real estate taxes, accrued dividends payable, unearned income, right-of-use lease obligations, accrued payroll, accrued interest payable, security deposits, general liability and workers compensation insurance, accrued construction in progress, net deferred tax liability (see Note 7), accrued loss contingencies (see Note 11), accounts payable and other accrued expenses. The following table reflects a detail of the Company’s “Accrued expenses and other liabilities” balances as of December 31, 2021 and 2020 (dollars in thousands): December 31, 2021 December 31, 2020 Accrued real estate taxes $ 144,326 $ 140,615 Accrued dividends payable 128,916 121,392 Unearned income 59,937 48,781 Right-of-use lease obligations 30,251 31,740 Accrued payroll 27,092 19,575 Accrued interest payable 26,331 24,771 Security deposits 24,660 21,637 General liability and workers compensation insurance 23,851 13,920 Accrued construction in progress 15,123 19,625 Accounts payable, accrued expenses and other 103,913 86,218 Total $ 584,400 $ 528,274 Loss Contingencies The outcomes of claims, disputes and legal proceedings are subject to significant uncertainty. The Company records an accrual for loss contingencies when a loss is probable and the amount of the loss can be reasonably estimated. The Company also accrues an estimate of defense costs expected to be incurred in connection with legal matters. Management reviews these accruals quarterly and makes revisions based on changes in facts and circumstances. When a loss contingency is not both probable and reasonably estimable, management does not accrue the loss. However, if the loss (or an additional loss in excess of the accrual) is at least a reasonable possibility and material, then management discloses a reasonable estimate of the possible loss, or range of loss, if such reasonable estimate can be made. If the Company cannot make a reasonable estimate of the possible loss, or range of loss, then a statement to that effect is disclosed. The assessment of whether a loss is probable or a reasonable possibility, and whether the loss or range of loss is reasonably estimable, often involves a series of complex judgments about future events. Among the factors considered in this assessment, are the nature of existing legal proceedings and claims, the asserted or possible damages or loss contingency (if reasonably estimable), the progress of the matter, existing law and precedent, the opinions or views of legal counsel and other advisers, management’s experience in similar matters, the facts available to management at the time of assessment, and how the Company intends to respond, or has responded, to the proceeding or claim. Management’s assessment of these factors may change over time as individual proceedings or claims progress. For matters where management is not currently able to reasonably estimate a range of reasonably possible loss, the factors that have contributed to this determination include the following: (i) the damages sought are indeterminate; (ii) the proceedings are in the early stages; (iii) the matters involve novel or unsettled legal theories or a large or uncertain number of actual or potential cases or parties; and/or (iv) discussions with the parties in matters that are ultimately expected to be resolved through negotiation and settlement have not reached the point where management believes a reasonable estimate of loss, or range of loss, can be made. The Company believes that there is considerable uncertainty regarding the timing or ultimate resolution of such matters, including a possible eventual loss or business impact, if any. See Note 11 for additional disclosures regarding loss contingencies. |
Revenue Recognition | Revenue Recognition The Company primarily leases multifamily residential apartments to residents under operating leases generally due on a monthly basis with terms of approximately one year or less. Rental revenues are recognized in accordance with ASC Topic 842, Leases , using a method that represents a straight-line basis over the term of the lease. In addition, in circumstances where a lease incentive is provided to residents, the incentive is recognized as a reduction of rental revenues on a straight-line basis over the reasonably assured lease term. Rental revenues represent approximately 93 % of the Company’s total revenues and include gross rents charged less adjustments for concessions and bad debt. Approximately 6 % of the Company’s total revenues represent non-lease reimbursable property revenues from its residents for utility reimbursements, which are generally recognized and due on a monthly basis as residents obtain control of the service over the term of the lease. The remaining 1 % of the Company’s total revenues represents other non-lease property revenues primarily driven by nonrefundable fees and commissions. In accordance with ASC Topic 842, rental revenues and non-lease reimbursable property revenues meet the criteria to be aggregated into a single lease component and are reported on a combined basis in the line item “Rental revenues,” as presented in the disaggregation of the Company’s revenues in Note 13. Other non-lease property revenues are accounted for in accordance with ASC Topic 606, Revenue from Contracts with Customers , which requires revenue recognized outside of the scope of ASC Topic 842 to be recognized when a customer obtains control of promised goods or services in an amount that reflects the consideration the entity expects to receive in exchange for those goods or services. Other non-lease property revenues are reported in the line item “Other property revenues”, as presented in the disaggregation of the Company’s revenues in Note 13. |
Rental Costs | Rental Costs Costs associated with rental activities are expensed as incurred and include advertising expenses, which were $ 23.9 million , $ 23.9 million and $ 20.8 million for the years ended December 31, 2021, 2020 and 2019, respectively. |
Leases | Leases The Company is the lessee under certain ground, office, equipment and other operational leases, all of which are accounted for as operating leases in accordance with ASC Topic 842. The Company recognizes a right-of-use asset for the right to use the underlying asset for all leases where the Company is the lessee with terms of more than twelve months, and a related lease liability for the obligation to make lease payments. Expenses related to leases determined to be operating leases are recognized on a straight-line basis. As of December 31, 2021 and 2020, right-of-use assets recorded within “Other assets” totaled $ 47.0 million and $ 49.4 million , respectively, and related lease obligations recorded within “Accrued expenses and other liabilities” totaled $ 30.3 million and $ 31.7 million , respectively, in the Consolidated Balance Sheets. Lease expense recognized for the years ended December 31, 2021, 2020 and 2019 was immaterial to the Company. Cash paid for amounts included in the measurement of operating lease liabilities during the years ended December 31, 2021 and 2020 was also immaterial. See Note 11 for additional disclosures regarding leases. |
Income Taxes | Income Taxes MAA has elected to be taxed as a REIT under the Code and intends to continue to operate in such a manner. The current and continuing qualification as a REIT depends on MAA’s ability to meet the various requirements imposed by the Code, which are related to organizational structure, distribution levels, diversity of stock ownership and certain requirements with respect to the nature and diversity of MAA’s assets and sources of MAA’s gross income. As long as MAA qualifies for taxation as a REIT, it will generally not be subject to United States federal corporate income tax on its taxable income that is currently distributed to shareholders. This treatment substantially eliminates the “double taxation” (i.e., income taxation at both the corporate and shareholder levels) that generally results from an investment in a corporation. Even if MAA qualifies as a REIT, MAA may be subject to United States federal income and excise taxes in certain situations, such as if MAA fails to distribute timely all of its taxable income with respect to a taxable year. MAA also will be required to pay a 100% tax on any net income on non-arm’s length transactions between MAA and one of its taxable REIT subsidiaries, or TRS. Furthermore, MAA and its shareholders may be subject to state or local taxation in various state or local jurisdictions, including those in which MAA transacts business or its shareholders reside, and the applicable state and local tax laws may not conform to the United States federal income tax treatment. Any taxes imposed on MAA would reduce its operating cash flows and net income. The Company has elected TRS status for certain of its corporate subsidiaries. As a result, the TRS incur both federal and state income taxes on any taxable income after consideration of any net operating losses. The TRS use the liability method of accounting for income taxes. Deferred income tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rate is recognized in earnings in the period of the enactment date. A valuation allowance is provided when it is more likely than not that all or some portion of the deferred tax assets will not be realized. The Company recognizes liabilities for uncertain income tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more likely than not to be realized upon ultimate settlement. See Note 7 for additional disclosures regarding income taxes. |
Fair value of derivative financial instruments | Fair Value Measurements The Company applies the guidance in ASC Topic 820, Fair Value Measurements and Disclosures , to the valuation of real estate assets recorded at fair value, to its impairment valuation analysis of real estate assets, to its disclosure of the fair value of financial instruments, principally indebtedness, and to its disclosure of the fair value of its derivative financial instruments. Fair value disclosures required under ASC Topic 820 as well as the Company’s derivative accounting policies are summarized in Note 6 utilizing the following hierarchy: Level 1 - Quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date. Level 2 - Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. Level 3 - Unobservable inputs for the assets or liability. |
Use of Estimates | Use of Estimates Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses to prepare these financial statements and notes in conformity with GAAP. Actual results could differ from those estimates. |
Organization and Summary of S_3
Organization and Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Expenses and Other Liabilities | Accrued expenses and other liabilities consist of accrued real estate taxes, accrued dividends payable, unearned income, right-of-use lease obligations, accrued payroll, accrued interest payable, security deposits, general liability and workers compensation insurance, accrued construction in progress, net deferred tax liability (see Note 7), accrued loss contingencies (see Note 11), accounts payable and other accrued expenses. The following table reflects a detail of the Company’s “Accrued expenses and other liabilities” balances as of December 31, 2021 and 2020 (dollars in thousands): December 31, 2021 December 31, 2020 Accrued real estate taxes $ 144,326 $ 140,615 Accrued dividends payable 128,916 121,392 Unearned income 59,937 48,781 Right-of-use lease obligations 30,251 31,740 Accrued payroll 27,092 19,575 Accrued interest payable 26,331 24,771 Security deposits 24,660 21,637 General liability and workers compensation insurance 23,851 13,920 Accrued construction in progress 15,123 19,625 Accounts payable, accrued expenses and other 103,913 86,218 Total $ 584,400 $ 528,274 |
Earnings Per Common Share of _2
Earnings Per Common Share of MAA (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Common Share Of M A A [Abstract] | |
Schedule of Computation of Diluted Earnings per Share | For the years ended December 31, 2021, 2020 and 2019, MAA’s diluted earnings per share was computed using the treasury stock method as presented below (dollars and shares in thousands, except per share amounts): Calculation of Earnings per common share – basic 2021 2020 2019 Net income $ 550,702 $ 264,015 $ 366,618 Net income attributable to noncontrolling interests ( 16,911 ) ( 9,053 ) ( 12,807 ) Unvested restricted stock (allocation of earnings) ( 539 ) ( 338 ) ( 519 ) Preferred dividends ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders, adjusted $ 529,564 $ 250,936 $ 349,604 Weighted average common shares – basic 114,717 114,188 113,854 Earnings per common share – basic $ 4.62 $ 2.20 $ 3.07 Calculation of Earnings per common share – diluted Net income $ 550,702 $ 264,015 $ 366,618 Net income attributable to noncontrolling interests ( 16,911 ) (1) ( 9,053 ) (1) ( 12,807 ) (1) Preferred dividends ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders, adjusted $ 530,103 $ 251,274 $ 350,123 Weighted average common shares – basic 114,717 114,188 113,854 Effect of dilutive securities 322 312 259 Weighted average common shares – diluted 115,039 114,500 114,113 Earnings per common share – diluted $ 4.61 $ 2.19 $ 3.07 (1) For the years ended December 31, 2021, 2020 and 2019 , 3.7 million, 4.1 million and 4.1 million OP Units and their related income are not included in the diluted earnings per share calculations as they are not dilutive. |
Earnings Per OP Unit of MAALP (
Earnings Per OP Unit of MAALP (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |
Schedule of Diluted Earnings per Common Unit | For the years ended December 31, 2021, 2020 and 2019, MAALP’s diluted earnings per common unit was computed using the treasury stock method as presented below (dollars and units in thousands, except per unit amounts): Calculation of Earnings per common unit – basic 2021 2020 2019 Net income $ 550,702 $ 264,015 $ 366,618 Net income attributable to noncontrolling interests — — ( 136 ) Unvested restricted units (allocation of earnings) ( 539 ) ( 338 ) ( 519 ) Preferred unit distributions ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAALP common unitholders, adjusted $ 546,475 $ 259,989 $ 362,275 Weighted average common units – basic 118,400 118,248 117,944 Earnings per common unit – basic $ 4.62 $ 2.20 $ 3.07 Calculation of Earnings per common unit – diluted Net income $ 550,702 $ 264,015 $ 366,618 Net income attributable to noncontrolling interests — — ( 136 ) Preferred unit distributions ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAALP common unitholders, adjusted $ 547,014 $ 260,327 $ 362,794 Weighted average common units – basic 118,400 118,248 117,944 Effect of dilutive securities 322 312 259 Weighted average common units – diluted 118,722 118,560 118,203 Earnings per common unit – diluted $ 4.61 $ 2.20 $ 3.07 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Stock Based Compensation [Abstract] | |
Schedule of Share based Payment Award Restricted Stock Valuation Assumptions | The following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended December 31, 2021, 2020 and 2019: 2021 2020 2019 Risk free rate 0.161 % 1.603 % 2.578 % Dividend yield 3.341 % 3.070 % 4.043 % Volatility 28.04 % 17.02 % 18.95 % Requisite service period 3 years 3 years 3 years |
Nonvested Restricted Stock Shares Activity | A summary of the status of the nonvested restricted shares as of December 31, 2021, and the changes for the year ended December 31, 2021, is presented below: Nonvested Shares Shares Weighted Average Grant-Date Fair Value Nonvested as of January 1, 2021 216,850 $ 102.10 Issued 143,375 87.05 Vested ( 197,970 ) 80.06 Forfeited ( 359 ) 110.23 Nonvested as of December 31, 2021 161,896 $ 115.07 |
Share-based Compensation, Stock Options, Activity | A summary of the status of the outstanding stock options as of December 31, 2021 and the changes for the year ended December 31, 2021 is presented below: Stock Options Options Weighted Average Exercise Price Outstanding as of January 1, 2021 19,845 $ 77.83 Exercised ( 19,032 ) 77.67 Outstanding as of December 31, 2021 813 $ 81.41 |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Debt Disclosure [Abstract] | |
Summary of Outstanding Debt | The following table summarizes the Company’s outstanding debt as of December 31, 2021 and 2020 (dollars in thousands): As of December 31, 2021 Unsecured debt December 31, 2021 December 31, 2020 Weighted Average Effective Rate Weighted Average Contract Maturity Variable rate commercial paper program $ — $ 172,000 — — Fixed rate senior notes 4,175,000 3,922,000 3.3 % 3/4/2029 Debt issuance costs, discounts, premiums and fair market value adjustments ( 23,625 ) ( 16,627 ) Total unsecured debt $ 4,151,375 $ 4,077,373 3.3 % Secured debt Fixed rate property mortgages $ 368,555 $ 488,709 4.4 % 9/24/2048 Debt issuance costs ( 3,240 ) ( 3,370 ) Total secured debt $ 365,315 $ 485,339 4.4 % Total outstanding debt $ 4,516,690 $ 4,562,712 3.4 % |
Scheduled Principal Repayments on Borrowings | The following table includes scheduled principal repayments of MAALP’s outstanding borrowings as of December 31, 2021, as well as the amortization of the fair market value of debt assumed, debt discounts, premiums and issuance costs (in thousands): Maturities Amortization Total 2022 $ 125,000 $ ( 173 ) $ 124,827 2023 350,000 ( 1,166 ) 348,834 2024 400,000 ( 1,976 ) 398,024 2025 405,262 ( 2,838 ) 402,424 2026 300,000 ( 3,570 ) 296,430 Thereafter 2,963,293 ( 17,142 ) 2,946,151 Total $ 4,543,555 $ ( 26,865 ) $ 4,516,690 |
Financial Instruments and Der_2
Financial Instruments and Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Fair Value Disclosures [Abstract] | |
Effect of Derivative Instruments on Consolidated Statement of Operations | The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2021, 2020 and 2019, respectively (dollars in thousands): Derivatives in Cash Flow Hedging Relationships Loss Recognized in OCI on Derivative Location of (Loss) Gain Net (Loss) Gain Reclassified from Accumulated OCL into Interest Expense (2) For the Year ended December 31, 2021 2020 2019 (1) OCL into Income 2021 2020 2019 Interest rate contracts $ — $ — $ ( 11,676 ) Interest expense $ ( 1,114 ) $ ( 1,088 ) $ 1,747 (1) The Company had outstanding interest rate swaps that terminated during the year ended December 31, 2019. (2) See the Consolidated Statements of Comprehensive Income for changes in accumulated other comprehensive loss as these changes are presented net of the allocation to noncontrolling interests. Derivatives Not Designated as Hedging Instruments Location of (Loss) Gain Recognized in (Loss) Gain Recognized in Earnings on Derivative For the year ended December 31, Income on Derivative 2021 2020 2019 Preferred stock embedded derivative Other non-operating income $ ( 4,560 ) $ 2,562 $ 17,886 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Taxes [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities | December 31, 2021 and 2020, the components of the Company’s TRS deferred income tax assets and liabilities were as follows (dollars in thousands): December 31, 2021 December 31, 2020 Deferred tax asset: Other $ 328 $ 308 Deferred tax liabilities: Unrealized gain from limited partnerships $ 12,946 $ 2,087 Other 246 275 Total deferred tax liabilities $ 13,192 $ 2,362 Net deferred tax liability $ 12,864 $ 2,054 The net deferred tax liability balances are reflected in “Accrued expenses and other liabilities” in the accompanying Consolidated Balance Sheets for the years ended December 31, 2021 and 2020. |
Taxability Of Cash Distributions | For income tax purposes, dividends paid to holders of common stock generally consist of ordinary income, return of capital, capital gains, qualified dividends and un-recaptured Section 1250 gains, or a combination thereof. For the years ended December 31, 2021, 2020 and 2019, dividends per share held for the entire year were estimated to be taxable as follows: 2021 2020 2019 Amount Percentage Amount Percentage Amount Percentage Ordinary income $ 2.43 59.18 % $ 4.00 99.98 % $ 3.51 91.39 % Capital gain 1.36 33.15 % 0.00 0.02 % 0.21 5.54 % Un-recaptured Section 1250 gain 0.31 7.67 % 0.00 0.00 % 0.12 3.07 % Total $ 4.10 100 % $ 4.00 100 % $ 3.84 100 % |
Shareholders' Equity of MAA (Ta
Shareholders' Equity of MAA (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Shareholders Equity Of M A A [Abstract] | |
Schedule of Cumulative Redeemable Preferred Stock | As of December 31, 2021, MAA had one outstanding series of cumulative redeemable preferred stock which has the following characteristics: Description Outstanding Shares Liquidation Preference (1) Optional Redemption Date Redemption Price (2) Stated Dividend Yield Approximate Dividend Rate MAA Series I 867,846 $ 50.00 10/1/2026 $ 50.00 8.50 % $ 4.25 (1) The total liquidation preference for the outstanding preferred stock is $ 43.4 million . (2) The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash. |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Loss Contingency [Abstract] | |
Schedule of Right-of-Use Lease Obligations | The table below reconciles undiscounted cash flows for each of the first five years and total of the remaining years to the right-of-use lease obligations recorded on the Consolidated Balance Sheets as of December 31, 2021 (in thousands): Operating Leases 2022 $ 2,894 2023 2,885 2024 2,862 2025 2,872 2026 2,920 Thereafter 59,993 Total minimum lease payments 74,426 Net present value adjustments ( 44,175 ) Right-of-use lease obligations $ 30,251 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Notes To Financial Statements [Abstract] | |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the years ended December 31, 2021, 2020 and 2019 were as follows (in thousands): Revenues: 2021 2020 2019 Same Store Rental revenues $ 1,690,770 $ 1,601,812 $ 1,526,101 Other property revenues 11,971 11,557 12,174 Total Same Store revenues 1,702,741 1,613,369 1,538,275 Non-Same Store and Other Rental revenues 74,432 64,401 101,503 Other property revenues 909 214 1,239 Total Non-Same Store and Other revenues 75,341 64,615 102,742 Total rental and other property revenues $ 1,778,082 $ 1,677,984 $ 1,641,017 Net Operating Income: Same Store NOI $ 1,064,308 $ 1,001,919 $ 968,190 Non-Same Store and Other NOI 42,609 35,594 59,982 Total NOI 1,106,917 1,037,513 1,028,172 Depreciation and amortization ( 533,433 ) ( 510,842 ) ( 496,843 ) Property management expenses ( 55,732 ) ( 52,300 ) ( 55,011 ) General and administrative expenses ( 52,884 ) ( 46,858 ) ( 43,845 ) Interest expense ( 156,881 ) ( 167,562 ) ( 179,847 ) Gain on sale of depreciable real estate assets 220,428 9 80,988 Gain on sale of non-depreciable real estate assets 811 1,024 12,047 Other non-operating income 33,902 4,857 22,999 Income tax expense ( 13,637 ) ( 3,327 ) ( 3,696 ) Income from real estate joint venture 1,211 1,501 1,654 Net income attributable to noncontrolling interests ( 16,911 ) ( 9,053 ) ( 12,807 ) Dividends to MAA Series I preferred shareholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders $ 530,103 $ 251,274 $ 350,123 |
Assets for Reportable Segment | Assets for each reportable segment as of December 31, 2021 and 2020 were as follows (in thousands): Assets: December 31, 2021 December 31, 2020 Same Store $ 9,832,347 $ 10,076,511 Non-Same Store and Other 1,181,432 937,375 Corporate assets 271,403 180,905 Total assets $ 11,285,182 $ 11,194,791 |
Real Estate Acquisitions and _2
Real Estate Acquisitions and Dispositions (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Real Estate [Abstract] | |
Schedule of Real Estate Asset Acquisitions and Dispositions | The following table reflects the Company’s acquisition activity for the year ended December 31, 2021: Multifamily Development Acquisitions Market Units (1) Date Acquired Novel Daybreak (2) Salt Lake City, UT 400 April 2021 Novel West Midtown (2) Atlanta, GA 340 April 2021 (1) Represents number of units upon completion of the development. (2) This pre-purchase multifamily community development is being developed through a joint venture with a local developer. The Company owns 80 % of the joint venture that owns this property. Land Acquisition Market Acres Date Acquired MAA Westshore Tampa, FL 19 June 2021 The following table reflects the Company’s disposition activity for the year ended December 31, 2021: Multifamily Dispositions Market Units Date Sold Crosswinds Jackson, MS 360 June 2021 Pear Orchard Jackson, MS 389 June 2021 Reflection Pointe Jackson, MS 296 June 2021 Lakeshore Landing Jackson, MS 196 June 2021 MAA Timbercrest Charlotte, NC 282 November 2021 Colonial Village at Greentree Savannah, GA 194 November 2021 Colonial Village at Marsh Cove Savannah, GA 188 November 2021 Land Dispositions Market Acres Date Sold Colonial Promenade Huntsville, AL 1 September 2021 Tutwiler Birmingham, AL 9 September 2021 Colonial Grand at Sweetwater Phoenix, AZ 5 October 2021 Colonial Grand at Traditions Gulf Shores, AL 118 December 2021 Colonial Grand at Thunderbird Phoenix, AZ 9 December 2021 |
Organization and Summary of S_4
Organization and Summary of Significant Accounting Policies (Textual) (Details) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2021USD ($)PropertiesPropertyStateCommunityshares | Dec. 31, 2020USD ($)shares | Dec. 31, 2019USD ($) | Dec. 31, 2023Property | Dec. 31, 2022Property | |
Real Estate Properties [Line Items] | |||||
General Partners' Capital Account, Units Outstanding | shares | 115,336,876 | 114,373,727 | |||
Number of Real Estate Properties | Community | 290 | ||||
Development and capital improvements in progress | $ 247,970 | $ 283,477 | |||
Number of States in which Entity Operates | State | 16 | ||||
Other non-operating income | $ 33,902 | 4,857 | $ 22,999 | ||
Consolidated assets | 11,285,182 | 11,194,791 | |||
Consolidated liabilities | 5,101,090 | 5,090,986 | |||
Advertising expenses | 23,900 | 23,900 | 20,800 | ||
Lease Intangibles, Gross | 14,680,222 | 14,277,902 | |||
Real Estate Investments, Joint Ventures | $ 16,000 | ||||
Percentage Of Rental Revenue From Leasing Of Apartment Homes | 93.00% | ||||
Percentage Of Reimbursable Revenue From Leasing Of Apartment Homes | 6.00% | ||||
Percentage of Rental Revenue and Other Income From Non-leasing Activities | 1.00% | ||||
Operating Lease, Right-of-Use Asset | $ 47,000 | $ 49,400 | |||
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets | |||
Right-of-use Lease, Liability | $ 30,251 | $ 31,700 | |||
Operating Lease, Liability, Statement of Financial Position [Extensible List] | Accrued expenses and other liabilities | Accrued expenses and other liabilities | |||
Operating Lease Weighted Average Remaining Lease Term | 32 years | ||||
Operating Lease Weighted Average Discount Rate | 4.40% | ||||
Other Assets [Member] | |||||
Real Estate Properties [Line Items] | |||||
Real Estate Investments, Joint Ventures | $ 79,400 | $ 23,000 | |||
Accrued Liabilities [Member] | |||||
Real Estate Properties [Line Items] | |||||
Accrued dividends payable | 128,916 | 121,392 | |||
Accrued Real Estate Taxes | 144,326 | 140,615 | |||
Security deposits | 24,660 | 21,637 | |||
Interest Payable | 26,331 | 24,771 | |||
Operating Lease, Right-of-Use Asset | 30,251 | 31,740 | |||
Leases, Acquired-in-Place | |||||
Real Estate Properties [Line Items] | |||||
Lease Intangibles, Gross | 900 | 1,300 | |||
Parent Company | |||||
Real Estate Properties [Line Items] | |||||
Capitalized Development Costs, Period | 16,600 | 12,700 | 6,500 | ||
Real Estate [Member] | Post Massachusetts Avenue [Member] | |||||
Real Estate Properties [Line Items] | |||||
Real Estate Investments, Joint Ventures | 42,800 | 43,300 | |||
Real Estate [Member] | Variable Interest Entity Primary Beneficiary [Member] | |||||
Real Estate Properties [Line Items] | |||||
Consolidated assets | $ 252,800 | ||||
Consolidated liabilities | $ 8,100 | ||||
Minimum [Member] | Land Improvements And Buildings | |||||
Real Estate Properties [Line Items] | |||||
Equipment, Useful Life | 5 years | ||||
Minimum [Member] | Furniture, Fixtures And Equipment | |||||
Real Estate Properties [Line Items] | |||||
Equipment, Useful Life | 3 years | ||||
Maximum [Member] | Accounting Standards Update 2016-02 [Member] | |||||
Real Estate Properties [Line Items] | |||||
Operating lease, term of contract | 1 year | ||||
Maximum [Member] | Land Improvements And Buildings | |||||
Real Estate Properties [Line Items] | |||||
Equipment, Useful Life | 40 years | ||||
Maximum [Member] | Furniture, Fixtures And Equipment | |||||
Real Estate Properties [Line Items] | |||||
Equipment, Useful Life | 5 years | ||||
Limited Partnership [Member] | |||||
Real Estate Properties [Line Items] | |||||
General Partners' Capital Account, Units Outstanding | shares | 115,336,876 | 114,373,727 | |||
Number of Real Estate Properties | Property | 1 | ||||
Development and capital improvements in progress | $ 247,970 | $ 283,477 | |||
Other non-operating income | 33,902 | 4,857 | $ 22,999 | ||
Consolidated assets | 11,285,182 | 11,194,791 | |||
Consolidated liabilities | 5,101,109 | 5,091,005 | |||
Lease Intangibles, Gross | 14,680,222 | 14,277,902 | |||
Limited Partnership [Member] | Real Estate [Member] | Variable Interest Entity Primary Beneficiary [Member] | |||||
Real Estate Properties [Line Items] | |||||
Consolidated assets | $ 128,900 | ||||
Consolidated liabilities | $ 15,900 | ||||
Limited Partnership [Member] | Minimum [Member] | |||||
Real Estate Properties [Line Items] | |||||
Percentage of ownership interests of all consolidated subsidiaries (percent) | 80.00% | ||||
Limited Partnership [Member] | Maximum [Member] | |||||
Real Estate Properties [Line Items] | |||||
Percentage of ownership interests of all consolidated subsidiaries (percent) | 100.00% | ||||
Development Properties [Member] | |||||
Real Estate Properties [Line Items] | |||||
Number of Real Estate Properties | Community | 6 | ||||
Number of units under development community | Properties | 2,021 | ||||
Development Properties [Member] | Expected Costs | |||||
Real Estate Properties [Line Items] | |||||
Development and capital improvements in progress | $ 460,500 | ||||
Development Properties [Member] | Costs Incurred To Date | Limited Partnership [Member] | |||||
Real Estate Properties [Line Items] | |||||
Development and capital improvements in progress | $ 273,700 | ||||
Development Properties [Member] | Scenario Forecast [Member] | |||||
Real Estate Properties [Line Items] | |||||
Number of Real Estate Properties | Property | 3 | 3 | |||
Retail | |||||
Real Estate Properties [Line Items] | |||||
Number of Real Estate Properties | Property | 33 | ||||
M A A L P | |||||
Real Estate Properties [Line Items] | |||||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 97.30% | 96.60% |
Organization and Summary of S_5
Organization and Summary of Significant Accounting Policies - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Real Estate Properties [Line Items] | ||
Accrued Liabilities and Other Liabilities | $ 584,400 | $ 528,274 |
Accrued Liabilities [Member] | ||
Real Estate Properties [Line Items] | ||
Accrued dividends payable | 128,916 | 121,392 |
Accrued real estate taxes | 144,326 | 140,615 |
Unearned income | 59,937 | 48,781 |
Security deposits | 24,660 | 21,637 |
Accrued interest payable | 26,331 | 24,771 |
Accrued payroll | 27,092 | 19,575 |
General insurance and workers comp reserve | 23,851 | 13,920 |
Accounts Payable and Accrued Liabilities, Current | 103,913 | 86,218 |
Accrued construction in progress | $ 15,123 | $ 19,625 |
Earnings Per Common Share of _3
Earnings Per Common Share of MAA - Schedule of Computation of Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Earnings Per Share Disclosure [Line Items] | ||||
Income from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | $ 550,702 | $ 264,015 | $ 366,618 | |
Income from continuing operations attributable to noncontrolling interests | (16,911) | (9,053) | (12,807) | |
Income from continuing operations allocated to unvested restricted shares | (539) | (338) | (519) | |
Dividends, Preferred Stock, Cash | (3,688) | (3,688) | (3,688) | |
Income from continuing operations available for common shareholders, adjusted | $ 529,564 | $ 250,936 | $ 349,604 | |
Weighted average common shares - basic | 114,717,000 | 114,188,000 | 113,854,000 | |
Earnings per common share - basic | $ 4.62 | $ 2.20 | $ 3.07 | |
Income from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | $ 550,702 | $ 264,015 | $ 366,618 | |
Income from continuing operations attributable to noncontrolling interests | [1] | 16,911 | 9,053 | 12,807 |
Net income available for MAA common shareholders, adjusted | $ 530,103 | $ 251,274 | $ 350,123 | |
Effect of dilutive securities | 322 | 312 | 259 | |
Weighted average common shares - diluted | 115,039,000 | 114,500,000 | 114,113,000 | |
Net income available for MAA common shareholders | $ 4.61 | $ 2.19 | $ 3.07 | |
Limited Partnership Units [Member] | ||||
Earnings Per Share Disclosure [Line Items] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 3,700,000 | 4,100,000 | 4,100,000 | |
[1] | For the years ended December 31, 2021, 2020 and 2019 , 3.7 million, 4.1 million and 4.1 million OP Units and their related income are not included in the diluted earnings per share calculations as they are not dilutive. |
Earnings Per OP Unit of MAALP -
Earnings Per OP Unit of MAALP - Schedule of Diluted Earnings per Common Unit (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Earnings Per Share Disclosure [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 550,702 | $ 264,015 | $ 366,618 |
Net income attributable to noncontrolling interests | (16,911) | (9,053) | (12,807) |
Dividends, Preferred Stock, Cash | (3,688) | (3,688) | (3,688) |
Income from continuing operations available for common shareholders, adjusted | $ 529,564 | $ 250,936 | $ 349,604 |
Earnings per common share - basic | $ 4.62 | $ 2.20 | $ 3.07 |
Net income available for MAALP common unitholders, adjusted | $ 530,103 | $ 251,274 | $ 350,123 |
Effect of dilutive securities | 322 | 312 | 259 |
Weighted average common shares - diluted | 115,039,000 | 114,500,000 | 114,113,000 |
Earnings per common unit - diluted | $ 4.61 | $ 2.19 | $ 3.07 |
Limited Partnership [Member] | |||
Earnings Per Share Disclosure [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 550,702 | $ 264,015 | $ 366,618 |
Net income attributable to noncontrolling interests | 0 | 0 | (136) |
Income from continuing operations allocated to unvested restricted shares | (539) | (338) | (519) |
Dividends, Preferred Stock, Cash | (3,688) | (3,688) | (3,688) |
Income from continuing operations available for common shareholders, adjusted | $ 546,475 | $ 259,989 | $ 362,275 |
Weighted average common units - basic | 118,400,000 | 118,248,000 | 117,944,000 |
Earnings per common share - basic | $ 4.62 | $ 2.20 | $ 3.07 |
Net income available for MAALP common unitholders, adjusted | $ 547,014 | $ 260,327 | $ 362,794 |
Effect of dilutive securities | 322,000 | 312,000 | 259,000 |
Weighted average common shares - diluted | 118,722,000 | 118,560,000 | 118,203,000 |
Earnings per common unit - diluted | $ 4.61 | $ 2.20 | $ 3.07 |
Limited Partner [Member] | |||
Earnings Per Share Disclosure [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 16,911 | $ 9,053 | $ 12,671 |
Stock-Based Compensation - Addi
Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Allocated Share-based Compensation Expense | $ 18.2 | $ 16 | $ 14.7 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | 1.5 | 1.7 | 1 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 14 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 9 months 18 days | ||
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards | $ 9 | 5.7 | 3.7 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 15.8 | $ 13.9 | $ 9.3 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | 0 |
Exercise of stock options, Shares | 19,032 | ||
Restricted Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 88.22 | $ 100.53 | $ 72.98 |
Requisite service period | 3 years | 3 years | 3 years |
Restricted Stock | Maximum [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||
Employee Stock Option [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 0.1 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | 4 years 1 month 6 days | ||
Exercise of stock options, Shares | 19,032 | 918 | 69,852 |
Proceeds from Stock Options Exercised | $ 1.5 | $ 0.1 | $ 2.9 |
Employee Stock Option [Member] | Minimum [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 months 18 days | ||
Employee Stock Option [Member] | Maximum [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 2 years 3 months 18 days | ||
2013 Stock Incentive Plan [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 2,000,000 |
Stock-Based Compensation Key As
Stock-Based Compensation Key Assumptions for Restricted Stock Grants (Details) - Restricted Stock | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Risk free rate | 0.161% | 1.603% | 2.578% |
Dividend yield | 3.341% | 3.07% | 4.043% |
Volatility | 28.04% | 17.02% | 18.95% |
Requisite service period | 3 years | 3 years | 3 years |
Stock-Based Compensation Status
Stock-Based Compensation Status of Nonvested Restricted Shares (Details) - Restricted Stock | 12 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Nonvested as of January 1, 2021 | shares | 216,850 |
Issued | shares | 143,375 |
Vested | shares | (197,970) |
Forfeited | shares | (359) |
Nonvested as of December 31, 2021 | shares | 161,896 |
Nonvested as of January 1, 2021 | $ / shares | $ 102.10 |
Issued | $ / shares | 87.05 |
Vested | $ / shares | 80.06 |
Forfeited | $ / shares | 110.23 |
Nonvested as of December 31, 2021 | $ / shares | $ 115.07 |
Stock-Based Compensation Stat_2
Stock-Based Compensation Status of Outstanding Stock Options (Details) | 12 Months Ended |
Dec. 31, 2021$ / sharesshares | |
Statusof Stock Options [Abstract] | |
Outstanding as of January 1, 2021 | shares | 19,845 |
Exercised | shares | (19,032) |
Outstanding as of December 31, 2021 | shares | 813 |
Outstanding as of January 1, 2021 | $ / shares | $ 77.83 |
Exercised | $ / shares | 77.67 |
Outstanding as of December 31, 2021 | $ / shares | $ 81.41 |
Borrowings - Summary of Outstan
Borrowings - Summary of Outstanding Debt (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Debt Instrument [Line Items] | ||
Total Outstanding Debt | $ 4,516,690 | $ 4,562,712 |
Debt Instrument, Interest Rate, Effective Percentage | 3.40% | |
Fixed Rate Property Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
Contract Maturity | Sep. 24, 2048 | |
Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total Outstanding Debt | $ 4,151,375 | 4,077,373 |
Debt Instrument, Interest Rate, Effective Percentage | 3.30% | |
Unsecured Debt [Member] | Fixed Rate Debt Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | $ 4,175,000 | 3,922,000 |
Debt Instrument, Interest Rate, Effective Percentage | 3.30% | |
Contract Maturity | Mar. 4, 2029 | |
Unsecured Debt [Member] | Commercial Paper Notes [Member] | Variable Rate Commercial Paper Program [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured Debt | $ 0 | 172,000 |
Unsecured Debt [Member] | $1 billion unsecured revolving credit facility [Member] | Fair Market Value Adjustment and Debt Issuance Cost [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | (23,625) | (16,627) |
Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total Outstanding Debt | 365,315 | 485,339 |
Debt issuance costs | $ (3,240) | (3,370) |
Debt Instrument, Interest Rate, Effective Percentage | 4.40% | |
Secured Debt [Member] | Fixed Rate Property Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate | $ 368,555 | $ 488,709 |
Debt Instrument, Interest Rate, Effective Percentage | 4.40% |
Borrowings - Additional Informa
Borrowings - Additional Information (Details) | 1 Months Ended | 12 Months Ended | ||||
Sep. 30, 2021USD ($) | Aug. 31, 2021USD ($) | Jul. 31, 2021USD ($) | Feb. 28, 2021ApartmentUnit | Dec. 31, 2021USD ($) | Dec. 31, 2020USD ($) | |
Debt Instrument [Line Items] | ||||||
Debt Instrument, Interest Rate, Effective Percentage | 3.40% | |||||
Commercial Paper Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Payment Terms | 397 | |||||
Debt Instrument, Face Amount | $ 0 | |||||
Debt Instrument Face Amount | 0 | |||||
Maximum [Member] | Commercial Paper Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | 500,000,000 | |||||
Debt Instrument Face Amount | $ 500,000,000 | |||||
Secured Debt [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Maturity Date | Dec. 31, 2048 | |||||
Debt Instrument, Interest Rate, Effective Percentage | 4.40% | |||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate | $ 368,600,000 | |||||
Unsecured Debt [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Interest Rate, Effective Percentage | 3.30% | |||||
Unsecured Debt [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Maturity Date | Mar. 4, 2029 | |||||
Debt Instrument, Face Amount | $ 4,175,000,000 | $ 3,922,000,000 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 3.30% | |||||
Debt Instrument Face Amount | $ 4,175,000,000 | $ 3,922,000,000 | ||||
Unsecured Debt [Member] | Years to Maturity [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Term | 7 years 1 month 6 days | |||||
Unsecured Debt [Member] | Other Non operating Income ExpenseMember | ||||||
Debt Instrument [Line Items] | ||||||
Prepayment Penalties And Write-offs Of Unamortized Costs | $ 13,400,000 | |||||
Unsecured Debt [Member] | Minimum [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Term | 5 years | |||||
Unsecured Debt [Member] | Maximum [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Term | 30 years | |||||
Unsecured Debt [Member] | $1 Billion Unsecured Revolving Credit Faciltiy [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Line of Credit Facility, Current Borrowing Capacity | $ 1,000,000,000 | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1,500,000,000 | |||||
Debt Instrument, Maturity Date | 2023-05-31 | |||||
Line of Credit Facility, Amount Outstanding | $ 0 | |||||
Letters of Credit Outstanding, Amount | $ 4,000 | |||||
Unsecured Debt [Member] | $1 Billion Unsecured Revolving Credit Faciltiy [Member] | Minimum [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 0.75% | |||||
Unsecured Debt [Member] | $1 Billion Unsecured Revolving Credit Faciltiy [Member] | Maximum [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Basis Spread on Variable Rate | 1.45% | |||||
Unsecured Debt [Member] | Public Income Notes [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | $ 4,200,000,000 | |||||
Debt Instrument Face Amount | 4,200,000,000 | |||||
Unsecured Debt [Member] | Private Placement [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Retirement of tranche of Senior Unsecured Notes | $ 72,800,000 | |||||
Unsecured Debt [Member] | Maturing in September 2026, Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Payment Terms | Interest on the 2026 Notes is payable semi-annually in arrears on March 15 and September 15 of each year beginning March 15, 2022 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 1.10% | |||||
Debt Instrument, Interest Rate, Effective Percentage | 1.191% | |||||
Debt Instrument, Redemption Price, Percentage | 99.553% | |||||
Debt Issuance Costs, Gross | $ 3,100,000 | |||||
Proceeds from Debt, Net of Issuance Costs | 296,900,000 | |||||
Unsecured Debt [Member] | Maturing in September 2026, Senior Notes [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | 300,000,000 | |||||
Debt Instrument Face Amount | $ 300,000,000 | |||||
Unsecured Debt [Member] | Maturing in November 2022, Tranche of Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Retirement of tranche of Senior Unsecured Notes | $ 117,000,000 | |||||
Unsecured Debt [Member] | Maturing in December 2022, Tranche of Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | 250,000,000 | |||||
Retirement of tranche of Senior Unsecured Notes | 125,000,000 | |||||
Debt Instrument Face Amount | 250,000,000 | |||||
Unsecured Debt [Member] | Maturing in July 2023, Tranche of Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Retirement of tranche of Senior Unsecured Notes | 12,300,000 | |||||
Unsecured Debt [Member] | Maturing in November 2024, Tranche of Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Retirement of tranche of Senior Unsecured Notes | $ 20,000,000 | |||||
Unsecured Debt [Member] | Maturing in September 2051, Six Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Payment Terms | Interest on the 2051 Notes is payable semi-annually in arrears on March 15 and September 15 of each year beginning March 15, 2022 | |||||
Debt Instrument, Face Amount | $ 300,000,000 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 2.875% | |||||
Debt Instrument, Interest Rate, Effective Percentage | 2.946% | |||||
Debt Instrument, Redemption Price, Percentage | 98.588% | |||||
Debt Instrument Face Amount | $ 300,000,000 | |||||
Debt Issuance Costs, Gross | 6,900 | |||||
Proceeds from Debt, Net of Issuance Costs | $ 293,100,000 | |||||
Maturing July 2020, Three Property Mortgage [Member] | Secured Debt [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Repayments of Secured Debt | $ 118,600,000 | |||||
Number of Apartment Communities | ApartmentUnit | 8 |
Borrowings - Scheduled Principa
Borrowings - Scheduled Principal Repayments on Borrowings (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Debt Instrument [Line Items] | ||
2022 | $ 124,827 | |
2023 | 348,834 | |
2024 | 398,024 | |
2025 | 402,424 | |
2026 | 296,430 | |
Thereafter | 2,946,151 | |
Total | 4,516,690 | $ 4,562,712 |
Maturities | ||
Debt Instrument [Line Items] | ||
2022 | 125,000 | |
2023 | 350,000 | |
2024 | 400,000 | |
2025 | 405,262 | |
2026 | 300,000 | |
Thereafter | 2,963,293 | |
Total | 4,543,555 | |
Amortization Other [Member] | ||
Debt Instrument [Line Items] | ||
2022 | 173 | |
2023 | 1,166 | |
2024 | 1,976 | |
2025 | 2,838 | |
2026 | 3,570 | |
Thereafter | 17,142 | |
Total | $ 26,865 |
Financial Instruments and Der_3
Financial Instruments and Derivatives - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | ||
Derivative [Line Items] | |||
Preferred Stock Redemption Price Per Share | [1] | $ 50 | |
Preferred Stock, Redemption Date | Oct. 1, 2026 | ||
Designated as Hedging Instrument | Interest Expense | |||
Derivative [Line Items] | |||
Realized losses associated with terminated interest rate swaps that were designated as cash flow hedging instruments | $ 11.1 | ||
Change in fair value of interest rate derivatives included in AOCI and expected to be reclassified in the next 12 months | 1.1 | ||
Fair Value, Measurements, Recurring [Member] | |||
Derivative [Line Items] | |||
Embedded Derivative, Fair Value of Embedded Derivative Asset | $ 34.5 | $ 39 | |
Increase Decrease In Embedded Derivative Fair Value Of Embedded Derivative Asset | 4.5 | ||
Conventional Variable Rate Debt [Member] | Maximum [Member] | |||
Derivative [Line Items] | |||
Debt Renewal Period | 30 days | ||
Fixed Rate Debt [Member] | |||
Derivative [Line Items] | |||
Notes Payable Excluding Interest Rate Swaps and Cap Agreements | $ 4,500 | 4,400 | |
Notes Payable, Fair Value Disclosure | $ 4,800 | 4,900 | |
Floating Rate Debt [Member] | |||
Derivative [Line Items] | |||
Notes Payable Excluding Interest Rate Swaps and Cap Agreements | 172 | ||
Notes Payable, Fair Value Disclosure | $ 172 | ||
[1] | The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash. |
Financial Instruments and Der_4
Financial Instruments and Derivatives - Effect of Derivative Instruments on Consolidated Statement of Operations (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Derivative [Line Items] | |||
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | $ (11,676) | ||
Derivative Instruments, (Loss) Gain Recognized in Income, Net | $ (4,560) | $ 2,562 | 17,886 |
Designated as Hedging Instrument | Interest Expense | |||
Derivative [Line Items] | |||
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | (1,114) | (1,088) | 1,747 |
Designated as Hedging Instrument | Interest Rate Contract | |||
Derivative [Line Items] | |||
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax | (11,676) | ||
Not Designated as Hedging Instrument | Interest Expense | |||
Derivative [Line Items] | |||
Derivative Instruments, (Loss) Gain Recognized in Income, Net | $ (4,560) | $ 2,562 | $ 17,886 |
Income Taxes - Schedule Of Defe
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Income Taxes [Abstract] | ||
Deferred tax asset | $ 328 | $ 308 |
Unrealized gain from limited partnerships | 12,946 | 2,087 |
Other | 246 | 275 |
Deferred Tax Liabilities, Net, Total | 13,192 | 2,362 |
Net deferred tax liability | $ 12,864 | $ 2,054 |
Income Taxes (Textual) (Details
Income Taxes (Textual) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Income Taxes Additional Information [Abstract] | |||
Interest Income, Securities, Operating, Taxable | $ 51,800,000 | $ 5,800,000 | $ 4,200,000 |
Income Tax Expense | 10,900,000 | 800,000 | 1,000,000 |
Income Tax Expense Benefit | 13,637,000 | 3,327,000 | 3,696,000 |
Unrecognized Tax Benefits | 0 | $ 0 | $ 0 |
Operating Loss Carryforwards | $ 54,400,000 |
Income Taxes (Taxability of Cas
Income Taxes (Taxability of Cash Distributions Paid on Common Shares) (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure Taxability Of Cash Distributions Paid On Common Shares [Abstract] | |||
Ordinary income (dollars per share) | $ 2.43 | $ 4 | $ 3.51 |
Return of capital (dollars per share) | 1.36 | 0 | 0.21 |
Un-recaptured Section 1250 gain dividends per share | 0.31 | 0 | 0.12 |
Total (dollars per share) | $ 4.10 | $ 4 | $ 3.84 |
Ordinary income (percentage per share) | 59.18% | 99.98% | 91.39% |
Return of capital (percentage per share) | 33.15% | 0.02% | 5.54% |
Un-recaptured Section 1250 gain dividends per share percentage | 7.67% | 0.00% | 3.07% |
Total (percentage per share) | 100.00% | 100.00% | 100.00% |
Shareholders' Equity of MAA - A
Shareholders' Equity of MAA - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 12 Months Ended | |||
Aug. 31, 2021 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Nov. 30, 2021 | |
Equity [Line Items] | |||||
Common stock, shares outstanding | 115,336,876 | 114,373,727 | |||
Total common shares and operating partnership units outstanding | 118,542,994 | 118,431,384 | |||
Common stock, shares authorized | 145,000,000 | 145,000,000 | |||
At The Market Offering | |||||
Equity [Line Items] | |||||
Common stock shares sold | 0 | 0 | 146,301 | ||
Net proceeds from share issued | $ 19,600 | ||||
Remaining common stock to sale | 4,000,000 | ||||
Maximum [Member] | At The Market Offering | |||||
Equity [Line Items] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 4,000,000 | ||||
Dividend And Distribution Reinvestment And Share Purchase Plan | |||||
Equity [Line Items] | |||||
Common stock issued for shareholders to reinvest distributions (shares) | 6,301 | 8,259 | 16,219 | ||
Dividend And Distribution Reinvestment And Share Purchase Plan | Minimum [Member] | |||||
Equity [Line Items] | |||||
Optional cash investments in common shares | $ 250 | ||||
Dividend And Distribution Reinvestment And Share Purchase Plan | Maximum [Member] | |||||
Equity [Line Items] | |||||
Optional cash investments in common shares | $ 5,000 | ||||
Common stock, shares authorized | 1,906,762 | ||||
Discount rate on sale of common stock (percent) | 5.00% | ||||
Equity Forward Sale Agreements [Member] | |||||
Equity [Line Items] | |||||
Issuance and registration of common shares, Shares | 1,100,000 | ||||
Common stock, price per share | $ 190.56 | ||||
Common stock settlement under agreement | 0 | ||||
Common shares attributable to dilutive effect of equity forward agreements | 0 | ||||
Noncontrolling Interest [Member] | |||||
Equity [Line Items] | |||||
Common Shares Issuable Upon Conversion Of Convertible Stock | 3,206,118 | 4,057,657 |
Shareholders' Equity of MAA - S
Shareholders' Equity of MAA - Schedule of Cumulative Redeemable Preferred Stock (Details) - $ / shares | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | |||
Equity [Line Items] | ||||
Preferred Stock, Shares Outstanding | 867,846 | 867,846 | ||
Preferred Stock, Liquidation Preference Per Share | $ 50 | [1] | $ 50 | |
Preferred Stock, Redemption Date | Oct. 1, 2026 | |||
Preferred Stock Redemption Price Per Share | [2] | $ 50 | ||
Preferred Stock, Dividend Rate, Percentage | 8.50% | 8.50% | ||
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ 4.25 | |||
Redeemable Preferred Stock [Member] | ||||
Equity [Line Items] | ||||
Preferred Stock, Shares Outstanding | 867,846 | |||
[1] | The total liquidation preference for the outstanding preferred stock is $ 43.4 million . | |||
[2] | The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash. |
Shareholders' Equity of MAA -_2
Shareholders' Equity of MAA - Schedule of Cumulative Redeemable Preferred Stock (Parenthetical) (Details) $ in Millions | Dec. 31, 2021USD ($) |
M A A Equity [Abstract] | |
Preferred Stock, Liquidation Preference, Value | $ 43.4 |
Partners' Capital of MAALP - Ad
Partners' Capital of MAALP - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Schedule Of Capital Structure [Line Items] | ||
Operating partnership units outstanding | 118,542,994 | 118,431,384 |
General Partners' Capital Account, Units Outstanding | 115,336,876 | 114,373,727 |
Limited Partners' Capital Account, Units Outstanding | 3,206,118 | 4,057,657 |
Preferred Stock, Shares Outstanding | 867,846 | 867,846 |
Redeemable Preferred Stock [Member] | ||
Schedule Of Capital Structure [Line Items] | ||
Preferred Stock, Shares Outstanding | 867,846 | |
Noncontrolling Interest | ||
Schedule Of Capital Structure [Line Items] | ||
Common Shares Issuable Upon Conversion Of Convertible Stock | 3,206,118 | 4,057,657 |
Limited Partners Capital Account | $ 735.6 | $ 514.1 |
Redeemable Capital Shares Par Or Stated Value Per Share | $ 229.44 | $ 126.69 |
M A A L P | ||
Schedule Of Capital Structure [Line Items] | ||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 97.30% | 96.60% |
Employee Benefit Plans (Details
Employee Benefit Plans (Details) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2021USD ($)Installment$ / sharesshares | Dec. 31, 2020USD ($)$ / sharesshares | Dec. 31, 2019USD ($)$ / sharesshares | |
Defined Benefit Plan Disclosure [Line Items] | |||
Employer contribution for defined contribution plan | $ 4.1 | $ 3.9 | $ 3.5 |
Employee Stock Ownership Plan, common stock, fair value | $ 28.1 | ||
Employee Stock Ownership Plan, common stock, shares outstanding (shares) | shares | 122,582 | ||
Nonqualified Deferred Compensation Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Deferred compensation expense | $ 0.1 | $ 0.4 | $ 0.3 |
Number of annual installments of deferred compensation (installment) | Installment | 2 | ||
Number of days after departure from board of directors for payment of deferred compensation (days) | 90 days | ||
Outside Directors | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Number of deferred common stock (shares) | shares | 6,944 | 10,593 | 10,738 |
Vested | $ / shares | $ 164.23 | $ 111.19 | $ 117.73 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Loss Contingencies [Line Items] | ||
Loss Contingency Accrual | $ 5.2 | $ 5.3 |
Operating Lease Weighted Average Remaining Lease Term | 32 years | |
Operating Lease Weighted Average Discount Rate Percent | 4.40% | |
Cleven Litigation Case [Member] | ||
Loss Contingencies [Line Items] | ||
Loss Contingency, Estimate of Possible Loss | $ 54.6 | |
Brown Litigation Case [Member] | ||
Loss Contingencies [Line Items] | ||
Loss Contingency, Estimate of Possible Loss | $ 8.4 | |
Apartment Communities [Member] | ||
Loss Contingencies [Line Items] | ||
Lease expiration year | 2074 | |
Office Lease [Member] | ||
Loss Contingencies [Line Items] | ||
Lease expiration year | 2028 |
Commitments and Contingencies_2
Commitments and Contingencies - Schedule of Right-of-Use Lease Obligations (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Loss Contingency [Abstract] | ||
Right-of-use Leases, Future Minimum Payments Due, Next Twelve Months | $ 2,894 | |
Right-of-use Leases, Future Minimum Payments, Due in Two Years | 2,885 | |
Right-of-use Leases, Future Minimum Payments, Due in Three Years | 2,862 | |
Right-of-use Leases, Future Minimum Payments, Due in Four Years | 2,872 | |
Right-of-use Leases, Future Minimum Payments, Due in Five Years | 2,920 | |
Right-of-use Leases, Future Minimum Payments, Due Thereafter | 59,993 | |
Right-of-use Leases, Future Minimum Payments Due | 74,426 | |
Net present value adjustments | (44,175) | |
Right-of-use Lease, Liability | $ 30,251 | $ 31,700 |
Operating Lease Liability Statement Of Financial Position [Extensible List] | Accrued Liabilities Current And Noncurrent | Accrued Liabilities Current And Noncurrent |
Segment Information - Additiona
Segment Information - Additional Information (Details) | 12 Months Ended |
Dec. 31, 2021CommunitySegmentState | |
Segment Reporting Information [Line Items] | |
Number of owned or owned interests of apartment communities | Community | 290 |
Number of States in which Entity Operates | 16 |
Number of reportable segments | Segment | 2 |
Period properties owned and stabilized | 12 months |
Occupancy Level for Stabilized Communities | 90.00% |
Period Properties Stabilized | 90 days |
Excluding Construction in Progress [Member] | |
Segment Reporting Information [Line Items] | |
Number of States in which Entity Operates | 15 |
Same Store [Member] | |
Segment Reporting Information [Line Items] | |
Period properties owned and stabilized | 12 months |
Segment Information - Revenues
Segment Information - Revenues and NOI for Reportable Segment (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Information | |||
Total operating revenues | $ 1,778,082 | $ 1,677,984 | $ 1,641,017 |
Rental and other property revenues | 1,778,082 | 1,677,984 | 1,641,017 |
Net Operating Income | 1,106,917 | 1,037,513 | 1,028,172 |
Depreciation and amortization | (533,433) | (510,842) | (496,843) |
Other Cost and Expense, Operating | (55,732) | (52,300) | (55,011) |
General and administrative expenses | (52,884) | (46,858) | (43,845) |
Interest expense | (156,881) | (167,562) | (179,847) |
Gain (loss) on sale of depreciable real estate assets | 220,428 | 9 | 80,988 |
Gain on sale of non-depreciable real estate assets | 811 | 1,024 | 12,047 |
Other non-operating income | 33,902 | 4,857 | 22,999 |
Income tax expense | (13,637) | (3,327) | (3,696) |
Gain (loss) from real estate joint ventures | 1,211 | 1,501 | 1,654 |
Net income attributable to noncontrolling interests | (16,911) | (9,053) | (12,807) |
Preferred Stock Dividends, Income Statement Impact | (3,688) | (3,688) | (3,688) |
Net income available for MAA common shareholders | 530,103 | 251,274 | 350,123 |
Same Store [Member] | |||
Segment Information | |||
Revenue from Contract with Customer, Including Assessed Tax | 1,690,770 | 1,601,812 | 1,526,101 |
Other operating income expense net | 11,971 | 11,557 | 12,174 |
Total operating revenues | 1,702,741 | 1,613,369 | 1,538,275 |
Rental and other property revenues | 1,702,741 | 1,613,369 | 1,538,275 |
Net Operating Income | 1,064,308 | 1,001,919 | 968,190 |
Non-Same Store and Other | |||
Segment Information | |||
Revenue from Contract with Customer, Including Assessed Tax | 74,432 | 64,401 | 101,503 |
Other operating income expense net | 909 | 214 | 1,239 |
Total operating revenues | 75,341 | 64,615 | 102,742 |
Rental and other property revenues | 75,341 | 64,615 | 102,742 |
Net Operating Income | $ 42,609 | $ 35,594 | $ 59,982 |
Segment Information - Assets fo
Segment Information - Assets for Reportable Segment (Details) - USD ($) $ in Thousands | Dec. 31, 2021 | Dec. 31, 2020 |
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | $ 11,285,182 | $ 11,194,791 |
Same Store [Member] | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | 9,832,347 | 10,076,511 |
Non Same Store And Other [Member] | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | 1,181,432 | 937,375 |
Corporate Segment | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | $ 271,403 | $ 180,905 |
Real Estate Acquisitions and _3
Real Estate Acquisitions and Dispositions - Schedule of Real Estate Asset Acquisitions and Dispositions (Details) | 12 Months Ended |
Dec. 31, 2021aApartmentUnit | |
Birmingham AL [Member] | Land | Tutwiler [Member] | |
Acquisitionsand Disposals [Line Items] | |
Area of Land | a | 9 |
Disposal Date | 2021-09 |
Phoenix A Z [Member] | Land | Colonial Grand At Sweetwater [Member] | |
Acquisitionsand Disposals [Line Items] | |
Area of Land | a | 5 |
Disposal Date | 2021-10 |
Phoenix A Z [Member] | Land | Colonial Grand At Thunderbird [Member] | |
Acquisitionsand Disposals [Line Items] | |
Area of Land | a | 9 |
Disposal Date | 2021-12 |
Gulf Shores, AL [Member] | Land | Traditions Residential [Member] | |
Acquisitionsand Disposals [Line Items] | |
Area of Land | a | 118 |
Disposal Date | 2021-12 |
Novel Daybreak [Member] | Multifamily [Member] | UT | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-04 |
Number of Units in Real Estate Property | 400 |
Novel West Midtown [Member] | Multifamily [Member] | GA | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-04 |
Number of Units in Real Estate Property | 340 |
M A A Westshore [Member] | Tampa F L [Member] | Land | |
Acquisitionsand Disposals [Line Items] | |
Area of Land | a | 19 |
Disposal Date | 2021-06 |
Huntsville AL [Member] | Land | Colonial Promenade [Member] | |
Acquisitionsand Disposals [Line Items] | |
Area of Land | a | 1 |
Disposal Date | 2021-09 |
Crosswinds [Member] | Multifamily [Member] | MS | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-06 |
Number of Units in Real Estate Property | 360 |
Pear Orchard [Member] | Multifamily [Member] | MS | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-06 |
Number of Units in Real Estate Property | 389 |
Reflection Pointe [Member] | Multifamily [Member] | MS | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-06 |
Number of Units in Real Estate Property | 296 |
Lakeshore Landing [Member] | Multifamily [Member] | MS | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-06 |
Number of Units in Real Estate Property | 196 |
MAA Timbercrest [Member] | Multifamily [Member] | NC | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-11 |
Number of Units in Real Estate Property | 282 |
Colonial Village At Greentree [Member] | Multifamily [Member] | GA | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-11 |
Number of Units in Real Estate Property | 194 |
Colonial Village At Marsh Cove [Member] | Multifamily [Member] | GA | |
Acquisitionsand Disposals [Line Items] | |
Acquisition Date | 2021-11 |
Number of Units in Real Estate Property | 188 |
Real Estate Acquisitions and _4
Real Estate Acquisitions and Dispositions - Schedule of Real Estate Asset Acquisitions and Dispositions (Parenthetical) (Details) | Dec. 31, 2021 |
Novel West Midtown [Member] | |
Acquisitionsand Disposals [Line Items] | |
Joint venture interest | 80.00% |
Subsequent Events - Additional
Subsequent Events - Additional Information (Details) - Subsequent Event Member $ in Millions | 1 Months Ended |
Jan. 31, 2022USD ($) | |
Debt Instrument [Line Items] | |
PaymentsForProceedsFromLimitedPartnership | $ 7.5 |
Net proceeds from share issued | $ 17.5 |
Schedule III Real Estate and _2
Schedule III Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Total Real Estate Assets, net of Real Estate Joint Venture | |||
Encumbrances | $ 5,262 | |||
Initial Cost Land | 2,001,828 | |||
Initial Cost Buildings and Fixtures | 10,060,580 | |||
Gross Amount, Land | 2,001,828 | |||
Gross Amount, Buildings and Fixtures | 12,702,409 | |||
Total | 14,704,237 | $ 14,338,895 | $ 13,898,707 | $ 13,656,807 |
Accumulated Depreciation | (3,848,161) | $ (3,415,105) | $ (2,955,253) | $ (2,549,287) |
Net | 10,856,076 | |||
Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 2,641,829 | |||
Total Residential Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Encumbrances | 5,262 | |||
Initial Cost Land | 1,840,840 | |||
Initial Cost Buildings and Fixtures | 9,864,650 | |||
Gross Amount, Land | 1,840,840 | |||
Gross Amount, Buildings and Fixtures | 12,232,205 | |||
Total | 14,073,045 | |||
Accumulated Depreciation | (3,784,517) | |||
Net | 10,288,528 | |||
Total Residential Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 2,367,555 | |||
Total Properties In Predevelopment | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 62,532 | |||
Gross Amount, Land | 62,532 | |||
Gross Amount, Buildings and Fixtures | 7,695 | |||
Total | 70,227 | |||
Accumulated Depreciation | (71) | |||
Net | 70,156 | |||
Total Properties In Predevelopment | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,695 | |||
Wholly Owned Properties - Residential | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Wholly Owned Properties - Residential | Birchall At Ross Bridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Birmingham, AL | |||
Initial Cost Land | $ 2,641 | |||
Initial Cost Buildings and Fixtures | 28,842 | |||
Gross Amount, Land | 2,641 | |||
Gross Amount, Buildings and Fixtures | 31,742 | |||
Total | 34,383 | |||
Accumulated Depreciation | (11,255) | |||
Net | $ 23,128 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Birchall At Ross Bridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,900 | |||
Wholly Owned Properties - Residential | Colonial Grand At Riverchase Trails | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Birmingham, AL | |||
Initial Cost Land | $ 3,762 | |||
Initial Cost Buildings and Fixtures | 22,079 | |||
Gross Amount, Land | 3,762 | |||
Gross Amount, Buildings and Fixtures | 28,628 | |||
Total | 32,390 | |||
Accumulated Depreciation | (10,925) | |||
Net | $ 21,465 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Riverchase Trails | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,549 | |||
Wholly Owned Properties - Residential | Colonial Village At Trussville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Birmingham, AL | |||
Initial Cost Land | $ 3,403 | |||
Initial Cost Buildings and Fixtures | 31,813 | |||
Gross Amount, Land | 3,403 | |||
Gross Amount, Buildings and Fixtures | 36,718 | |||
Total | 40,121 | |||
Accumulated Depreciation | (13,131) | |||
Net | $ 26,990 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Trussville | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Colonial Village At Trussville | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Colonial Village At Trussville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,905 | |||
Wholly Owned Properties - Residential | Eagle Ridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Birmingham, AL | |||
Initial Cost Land | $ 852 | |||
Initial Cost Buildings and Fixtures | 7,667 | |||
Gross Amount, Land | 852 | |||
Gross Amount, Buildings and Fixtures | 12,251 | |||
Total | 13,103 | |||
Accumulated Depreciation | (8,889) | |||
Net | $ 4,214 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Eagle Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,584 | |||
Wholly Owned Properties - Residential | Colonial Grand At Traditions | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gulf Shores, AL | |||
Initial Cost Land | $ 3,212 | |||
Initial Cost Buildings and Fixtures | 25,162 | |||
Gross Amount, Land | 3,212 | |||
Gross Amount, Buildings and Fixtures | 30,394 | |||
Total | 33,606 | |||
Accumulated Depreciation | (11,194) | |||
Net | $ 22,412 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Traditions | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,232 | |||
Wholly Owned Properties - Residential | Colonial Grand At Edgewater | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntsville, AL | |||
Initial Cost Land | $ 4,944 | |||
Initial Cost Buildings and Fixtures | 38,673 | |||
Gross Amount, Land | 4,944 | |||
Gross Amount, Buildings and Fixtures | 46,895 | |||
Total | 51,839 | |||
Accumulated Depreciation | (15,206) | |||
Net | $ 36,633 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1990 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Edgewater | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,222 | |||
Wholly Owned Properties - Residential | Paddock Clubat Providence | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntsville, AL | |||
Initial Cost Land | $ 1,740 | |||
Initial Cost Buildings and Fixtures | 10,152 | |||
Gross Amount, Land | 1,740 | |||
Gross Amount, Buildings and Fixtures | 25,019 | |||
Total | 26,759 | |||
Accumulated Depreciation | (16,361) | |||
Net | $ 10,398 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Clubat Providence | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 14,867 | |||
Wholly Owned Properties - Residential | Colonial Grand At Madison | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Madison, AL | |||
Initial Cost Land | $ 3,602 | |||
Initial Cost Buildings and Fixtures | 28,934 | |||
Gross Amount, Land | 3,602 | |||
Gross Amount, Buildings and Fixtures | 31,304 | |||
Total | 34,906 | |||
Accumulated Depreciation | (11,654) | |||
Net | $ 23,252 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Madison | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,370 | |||
Wholly Owned Properties - Residential | Cypress Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orange Beach, AL | |||
Initial Cost Land | $ 1,290 | |||
Initial Cost Buildings and Fixtures | 12,238 | |||
Gross Amount, Land | 1,290 | |||
Gross Amount, Buildings and Fixtures | 15,248 | |||
Total | 16,538 | |||
Accumulated Depreciation | (5,087) | |||
Net | $ 11,451 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Cypress Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,010 | |||
Wholly Owned Properties - Residential | Colonial Grand At Liberty Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Vestavia Hills, AL | |||
Initial Cost Land | $ 3,922 | |||
Initial Cost Buildings and Fixtures | 30,977 | |||
Gross Amount, Land | 3,922 | |||
Gross Amount, Buildings and Fixtures | 38,601 | |||
Total | 42,523 | |||
Accumulated Depreciation | (14,412) | |||
Net | $ 28,111 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Liberty Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,624 | |||
Wholly Owned Properties - Residential | Sky View Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gilbert, AZ | |||
Initial Cost Land | $ 2,668 | |||
Initial Cost Buildings and Fixtures | 14,577 | |||
Gross Amount, Land | 2,668 | |||
Gross Amount, Buildings and Fixtures | 17,522 | |||
Total | 20,190 | |||
Accumulated Depreciation | (7,739) | |||
Net | $ 12,451 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Sky View Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,945 | |||
Wholly Owned Properties - Residential | Colonial Grand At Inverness Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Mesa, AZ | |||
Initial Cost Land | $ 4,219 | |||
Initial Cost Buildings and Fixtures | 26,255 | |||
Gross Amount, Land | 4,219 | |||
Gross Amount, Buildings and Fixtures | 30,262 | |||
Total | 34,481 | |||
Accumulated Depreciation | (10,308) | |||
Net | $ 24,173 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Inverness Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,007 | |||
Wholly Owned Properties - Residential | Edge At Lyons Gate | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 7,901 | |||
Initial Cost Buildings and Fixtures | 27,182 | |||
Gross Amount, Land | 7,901 | |||
Gross Amount, Buildings and Fixtures | 30,966 | |||
Total | 38,867 | |||
Accumulated Depreciation | (14,177) | |||
Net | $ 24,690 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | Edge At Lyons Gate | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,784 | |||
Wholly Owned Properties - Residential | Residencesat Fountainhead | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 12,212 | |||
Initial Cost Buildings and Fixtures | 56,705 | |||
Gross Amount, Land | 12,212 | |||
Gross Amount, Buildings and Fixtures | 59,096 | |||
Total | 71,308 | |||
Accumulated Depreciation | (10,197) | |||
Net | $ 61,111 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Residencesat Fountainhead | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,391 | |||
Wholly Owned Properties - Residential | Talus Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 12,741 | |||
Initial Cost Buildings and Fixtures | 47,701 | |||
Gross Amount, Land | 12,741 | |||
Gross Amount, Buildings and Fixtures | 53,163 | |||
Total | 65,904 | |||
Accumulated Depreciation | (27,009) | |||
Net | $ 38,895 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Talus Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,462 | |||
Wholly Owned Properties - Residential | Novel Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 9,001 | |||
Gross Amount, Land | 9,001 | |||
Gross Amount, Buildings and Fixtures | 73,926 | |||
Total | 82,927 | |||
Accumulated Depreciation | (2,749) | |||
Net | $ 80,178 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2021 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Wholly Owned Properties - Residential | Novel Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 73,926 | |||
Wholly Owned Properties - Residential | Colonial Grandat Old Town Scottsdale | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Scottsdale, AZ | |||
Initial Cost Land | $ 7,820 | |||
Initial Cost Buildings and Fixtures | 51,627 | |||
Gross Amount, Land | 7,820 | |||
Gross Amount, Buildings and Fixtures | 58,306 | |||
Total | 66,126 | |||
Accumulated Depreciation | (20,091) | |||
Net | $ 46,035 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grandat Old Town Scottsdale | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Colonial Grandat Old Town Scottsdale | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Colonial Grandat Old Town Scottsdale | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,679 | |||
Wholly Owned Properties - Residential | Colonial Grand At Scottsdale | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Scottsdale, AZ | |||
Initial Cost Land | $ 3,612 | |||
Initial Cost Buildings and Fixtures | 20,273 | |||
Gross Amount, Land | 3,612 | |||
Gross Amount, Buildings and Fixtures | 23,866 | |||
Total | 27,478 | |||
Accumulated Depreciation | (8,319) | |||
Net | $ 19,159 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Scottsdale | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,593 | |||
Wholly Owned Properties - Residential | Sky Song | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Scottsdale, AZ | |||
Initial Cost Buildings and Fixtures | $ 55,748 | |||
Gross Amount, Buildings and Fixtures | 58,987 | |||
Total | 58,987 | |||
Accumulated Depreciation | (10,575) | |||
Net | $ 48,412 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Sky Song | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,239 | |||
Wholly Owned Properties - Residential | MAA River North | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Denver, CO | |||
Initial Cost Land | $ 14,500 | |||
Initial Cost Buildings and Fixtures | 28,900 | |||
Gross Amount, Land | 14,500 | |||
Gross Amount, Buildings and Fixtures | 69,700 | |||
Total | 84,200 | |||
Accumulated Depreciation | (10,045) | |||
Net | $ 74,155 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2018 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA River North | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 40,800 | |||
Wholly Owned Properties - Residential | MAA Promenade | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Denver, CO | |||
Initial Cost Land | $ 24,111 | |||
Initial Cost Buildings and Fixtures | 81,317 | |||
Gross Amount, Land | 24,111 | |||
Gross Amount, Buildings and Fixtures | 103,773 | |||
Total | 127,884 | |||
Accumulated Depreciation | (11,516) | |||
Net | $ 116,368 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Wholly Owned Properties - Residential | MAA Promenade | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | MAA Promenade | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2019 | |||
Wholly Owned Properties - Residential | MAA Promenade | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 22,456 | |||
Wholly Owned Properties - Residential | MAA Tiffany Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Altamonte Springs, FL | |||
Initial Cost Land | $ 1,024 | |||
Initial Cost Buildings and Fixtures | 9,219 | |||
Gross Amount, Land | 1,024 | |||
Gross Amount, Buildings and Fixtures | 14,849 | |||
Total | 15,873 | |||
Accumulated Depreciation | (11,251) | |||
Net | $ 4,622 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | MAA Tiffany Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,630 | |||
Wholly Owned Properties - Residential | Colonial Grand At Lakewood Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Bradenton, FL | |||
Initial Cost Land | $ 2,980 | |||
Initial Cost Buildings and Fixtures | 40,230 | |||
Gross Amount, Land | 2,980 | |||
Gross Amount, Buildings and Fixtures | 46,596 | |||
Total | 49,576 | |||
Accumulated Depreciation | (15,909) | |||
Net | $ 33,667 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Lakewood Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,366 | |||
Wholly Owned Properties - Residential | Indigo Point | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Brandon, FL | |||
Initial Cost Land | $ 1,167 | |||
Initial Cost Buildings and Fixtures | 10,500 | |||
Gross Amount, Land | 1,167 | |||
Gross Amount, Buildings and Fixtures | 14,714 | |||
Total | 15,881 | |||
Accumulated Depreciation | (10,150) | |||
Net | $ 5,731 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2000 | |||
Wholly Owned Properties - Residential | Indigo Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,214 | |||
Wholly Owned Properties - Residential | Paddock Club Brandon | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Brandon, FL | |||
Initial Cost Land | $ 2,896 | |||
Initial Cost Buildings and Fixtures | 26,111 | |||
Gross Amount, Land | 2,896 | |||
Gross Amount, Buildings and Fixtures | 33,453 | |||
Total | 36,349 | |||
Accumulated Depreciation | (23,848) | |||
Net | $ 12,501 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Club Brandon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,342 | |||
Wholly Owned Properties - Residential | MAA Coral Springs | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Coral Springs, FL | |||
Initial Cost Land | $ 9,600 | |||
Initial Cost Buildings and Fixtures | 40,004 | |||
Gross Amount, Land | 9,600 | |||
Gross Amount, Buildings and Fixtures | 54,005 | |||
Total | 63,605 | |||
Accumulated Depreciation | (29,765) | |||
Net | $ 33,840 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | MAA Coral Springs | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 14,001 | |||
Wholly Owned Properties - Residential | Paddock Club Gainesville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gainesville, FL | |||
Initial Cost Land | $ 1,800 | |||
Initial Cost Buildings and Fixtures | 15,879 | |||
Gross Amount, Land | 1,800 | |||
Gross Amount, Buildings and Fixtures | 20,911 | |||
Total | 22,711 | |||
Accumulated Depreciation | (12,070) | |||
Net | $ 10,641 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Paddock Club Gainesville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,032 | |||
Wholly Owned Properties - Residential | Retreat At Magnolia Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gainesville, FL | |||
Initial Cost Land | $ 2,040 | |||
Initial Cost Buildings and Fixtures | 16,338 | |||
Gross Amount, Land | 2,040 | |||
Gross Amount, Buildings and Fixtures | 17,801 | |||
Total | 19,841 | |||
Accumulated Depreciation | (6,544) | |||
Net | $ 13,297 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Retreat At Magnolia Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,463 | |||
Wholly Owned Properties - Residential | MAA Heathrow | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Heathrow, FL | |||
Initial Cost Land | $ 4,101 | |||
Initial Cost Buildings and Fixtures | 35,684 | |||
Gross Amount, Land | 4,101 | |||
Gross Amount, Buildings and Fixtures | 41,262 | |||
Total | 45,363 | |||
Accumulated Depreciation | (14,755) | |||
Net | $ 30,608 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Heathrow | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,578 | |||
Wholly Owned Properties - Residential | 220 Riverside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 2,381 | |||
Initial Cost Buildings and Fixtures | 35,514 | |||
Gross Amount, Land | 2,381 | |||
Gross Amount, Buildings and Fixtures | 44,530 | |||
Total | 46,911 | |||
Accumulated Depreciation | (7,251) | |||
Net | $ 39,660 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | 220 Riverside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,016 | |||
Wholly Owned Properties - Residential | Atlantic Crossing | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 4,000 | |||
Initial Cost Buildings and Fixtures | 19,495 | |||
Gross Amount, Land | 4,000 | |||
Gross Amount, Buildings and Fixtures | 22,557 | |||
Total | 26,557 | |||
Accumulated Depreciation | (8,245) | |||
Net | $ 18,312 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Atlantic Crossing | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,062 | |||
Wholly Owned Properties - Residential | Coopers Hawk | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 854 | |||
Initial Cost Buildings and Fixtures | 7,500 | |||
Gross Amount, Land | 854 | |||
Gross Amount, Buildings and Fixtures | 11,540 | |||
Total | 12,394 | |||
Accumulated Depreciation | (9,039) | |||
Net | $ 3,355 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Coopers Hawk | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,040 | |||
Wholly Owned Properties - Residential | Hunters Ridge At Deerwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 1,533 | |||
Initial Cost Buildings and Fixtures | 13,835 | |||
Gross Amount, Land | 1,533 | |||
Gross Amount, Buildings and Fixtures | 19,829 | |||
Total | 21,362 | |||
Accumulated Depreciation | (14,323) | |||
Net | $ 7,039 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Hunters Ridge At Deerwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,994 | |||
Wholly Owned Properties - Residential | Lakeside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 1,430 | |||
Initial Cost Buildings and Fixtures | 12,883 | |||
Gross Amount, Land | 1,430 | |||
Gross Amount, Buildings and Fixtures | 21,279 | |||
Total | 22,709 | |||
Accumulated Depreciation | (16,314) | |||
Net | $ 6,395 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Lakeside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,396 | |||
Wholly Owned Properties - Residential | Lighthouse At Fleming Island | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 4,047 | |||
Initial Cost Buildings and Fixtures | 35,052 | |||
Gross Amount, Land | 4,047 | |||
Gross Amount, Buildings and Fixtures | 40,660 | |||
Total | 44,707 | |||
Accumulated Depreciation | (24,091) | |||
Net | $ 20,616 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2003 | |||
Wholly Owned Properties - Residential | Lighthouse At Fleming Island | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,608 | |||
Wholly Owned Properties - Residential | Paddock Club Mandarin | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 1,411 | |||
Initial Cost Buildings and Fixtures | 14,967 | |||
Gross Amount, Land | 1,411 | |||
Gross Amount, Buildings and Fixtures | 18,432 | |||
Total | 19,843 | |||
Accumulated Depreciation | (10,601) | |||
Net | $ 9,242 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Paddock Club Mandarin | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,465 | |||
Wholly Owned Properties - Residential | St Augustine | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 2,857 | |||
Initial Cost Buildings and Fixtures | 6,475 | |||
Gross Amount, Land | 2,857 | |||
Gross Amount, Buildings and Fixtures | 26,067 | |||
Total | 28,924 | |||
Accumulated Depreciation | (13,451) | |||
Net | $ 15,473 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | St Augustine | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
Wholly Owned Properties - Residential | St Augustine | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | St Augustine | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 19,592 | |||
Wholly Owned Properties - Residential | Tattersall At Tapestry Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 6,417 | |||
Initial Cost Buildings and Fixtures | 36,069 | |||
Gross Amount, Land | 6,417 | |||
Gross Amount, Buildings and Fixtures | 38,706 | |||
Total | 45,123 | |||
Accumulated Depreciation | (13,668) | |||
Net | $ 31,455 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Tattersall At Tapestry Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,637 | |||
Wholly Owned Properties - Residential | Woodhollow | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 1,678 | |||
Initial Cost Buildings and Fixtures | 15,179 | |||
Gross Amount, Land | 1,678 | |||
Gross Amount, Buildings and Fixtures | 24,298 | |||
Total | 25,976 | |||
Accumulated Depreciation | (18,682) | |||
Net | $ 7,294 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Woodhollow | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,119 | |||
Wholly Owned Properties - Residential | MAA Lake Mary | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lake Mary, FL | |||
Initial Cost Land | $ 6,346 | |||
Initial Cost Buildings and Fixtures | 41,539 | |||
Gross Amount, Land | 6,346 | |||
Gross Amount, Buildings and Fixtures | 66,942 | |||
Total | 73,288 | |||
Accumulated Depreciation | (18,790) | |||
Net | $ 54,498 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Lake Mary | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 25,403 | |||
Wholly Owned Properties - Residential | MAA Town Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lake Mary, FL | |||
Initial Cost Land | $ 5,742 | |||
Initial Cost Buildings and Fixtures | 56,562 | |||
Gross Amount, Land | 5,742 | |||
Gross Amount, Buildings and Fixtures | 63,746 | |||
Total | 69,488 | |||
Accumulated Depreciation | (23,729) | |||
Net | $ 45,759 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Town Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,184 | |||
Wholly Owned Properties - Residential | MAA Town Park Reserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lake Mary, FL | |||
Initial Cost Land | $ 3,481 | |||
Initial Cost Buildings and Fixtures | 10,311 | |||
Gross Amount, Land | 3,481 | |||
Gross Amount, Buildings and Fixtures | 10,889 | |||
Total | 14,370 | |||
Accumulated Depreciation | (4,137) | |||
Net | $ 10,233 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2004 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Town Park Reserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 578 | |||
Wholly Owned Properties - Residential | MAA Heather Glen | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 4,662 | |||
Initial Cost Buildings and Fixtures | 56,988 | |||
Gross Amount, Land | 4,662 | |||
Gross Amount, Buildings and Fixtures | 64,926 | |||
Total | 69,588 | |||
Accumulated Depreciation | (22,662) | |||
Net | $ 46,926 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Heather Glen | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,938 | |||
Wholly Owned Properties - Residential | MAA Randal Lakes | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 8,859 | |||
Initial Cost Buildings and Fixtures | 50,553 | |||
Gross Amount, Land | 8,859 | |||
Gross Amount, Buildings and Fixtures | 100,071 | |||
Total | 108,930 | |||
Accumulated Depreciation | (17,424) | |||
Net | $ 91,506 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Randal Lakes | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | MAA Randal Lakes | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | MAA Randal Lakes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 49,518 | |||
Wholly Owned Properties - Residential | MAA Baldwin Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 18,101 | |||
Initial Cost Buildings and Fixtures | 144,200 | |||
Gross Amount, Land | 18,101 | |||
Gross Amount, Buildings and Fixtures | 149,127 | |||
Total | 167,228 | |||
Accumulated Depreciation | (30,996) | |||
Net | $ 136,232 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Baldwin Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,927 | |||
Wholly Owned Properties - Residential | MAA Crosswater | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 7,046 | |||
Initial Cost Buildings and Fixtures | 52,585 | |||
Gross Amount, Land | 7,046 | |||
Gross Amount, Buildings and Fixtures | 53,911 | |||
Total | 60,957 | |||
Accumulated Depreciation | (10,177) | |||
Net | $ 50,780 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Crosswater | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,326 | |||
Wholly Owned Properties - Residential | MAA Parkside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 5,669 | |||
Initial Cost Buildings and Fixtures | 49,754 | |||
Gross Amount, Land | 5,669 | |||
Gross Amount, Buildings and Fixtures | 58,258 | |||
Total | 63,927 | |||
Accumulated Depreciation | (11,627) | |||
Net | $ 52,300 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Parkside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,504 | |||
Wholly Owned Properties - Residential | MAA Lake Nona | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 7,880 | |||
Initial Cost Buildings and Fixtures | 41,175 | |||
Gross Amount, Land | 7,880 | |||
Gross Amount, Buildings and Fixtures | 48,389 | |||
Total | 56,269 | |||
Accumulated Depreciation | (16,087) | |||
Net | $ 40,182 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | MAA Lake Nona | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,214 | |||
Wholly Owned Properties - Residential | Sand Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 7,635 | |||
Gross Amount, Land | 7,635 | |||
Gross Amount, Buildings and Fixtures | 59,684 | |||
Total | 67,319 | |||
Accumulated Depreciation | (1,232) | |||
Net | $ 66,087 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2021 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Wholly Owned Properties - Residential | Sand Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 59,684 | |||
Wholly Owned Properties - Residential | Park Crest At Innisbrook | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Palm Harbor, FL | |||
Initial Cost Land | $ 6,900 | |||
Initial Cost Buildings and Fixtures | 26,613 | |||
Gross Amount, Land | 6,900 | |||
Gross Amount, Buildings and Fixtures | 31,127 | |||
Total | 38,027 | |||
Accumulated Depreciation | (13,985) | |||
Net | $ 24,042 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Park Crest At Innisbrook | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,514 | |||
Wholly Owned Properties - Residential | Club At Panama Beach | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Panama City, FL | |||
Initial Cost Land | $ 893 | |||
Initial Cost Buildings and Fixtures | 14,276 | |||
Gross Amount, Land | 893 | |||
Gross Amount, Buildings and Fixtures | 19,308 | |||
Total | 20,201 | |||
Accumulated Depreciation | (11,500) | |||
Net | $ 8,701 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Club At Panama Beach | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,032 | |||
Wholly Owned Properties - Residential | MAA Twin Lakes | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Sanford, FL | |||
Initial Cost Land | $ 3,091 | |||
Initial Cost Buildings and Fixtures | 47,793 | |||
Gross Amount, Land | 3,091 | |||
Gross Amount, Buildings and Fixtures | 51,489 | |||
Total | 54,580 | |||
Accumulated Depreciation | (18,097) | |||
Net | $ 36,483 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Twin Lakes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,696 | |||
Wholly Owned Properties - Residential | Paddock Club Tallahassee | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tallahassee, FL | |||
Initial Cost Land | $ 1,480 | |||
Initial Cost Buildings and Fixtures | 4,805 | |||
Gross Amount, Land | 1,480 | |||
Gross Amount, Buildings and Fixtures | 19,236 | |||
Total | 20,716 | |||
Accumulated Depreciation | (14,369) | |||
Net | $ 6,347 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Club Tallahassee | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 14,431 | |||
Wholly Owned Properties - Residential | Verandas at Southwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tallahassee, FL | |||
Initial Cost Land | $ 3,600 | |||
Initial Cost Buildings and Fixtures | 25,914 | |||
Gross Amount, Land | 3,600 | |||
Gross Amount, Buildings and Fixtures | 28,340 | |||
Total | 31,940 | |||
Accumulated Depreciation | (7,535) | |||
Net | $ 24,405 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Verandas at Southwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,426 | |||
Wholly Owned Properties - Residential | Belmere | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 852 | |||
Initial Cost Buildings and Fixtures | 7,667 | |||
Gross Amount, Land | 852 | |||
Gross Amount, Buildings and Fixtures | 14,659 | |||
Total | 15,511 | |||
Accumulated Depreciation | (10,865) | |||
Net | $ 4,646 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Belmere | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,992 | |||
Wholly Owned Properties - Residential | Colonial Grand At Hampton Preserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 6,233 | |||
Initial Cost Buildings and Fixtures | 69,535 | |||
Gross Amount, Land | 6,233 | |||
Gross Amount, Buildings and Fixtures | 72,707 | |||
Total | 78,940 | |||
Accumulated Depreciation | (23,677) | |||
Net | $ 55,263 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Hampton Preserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,172 | |||
Wholly Owned Properties - Residential | Links At Carrollwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 927 | |||
Initial Cost Buildings and Fixtures | 7,355 | |||
Gross Amount, Land | 927 | |||
Gross Amount, Buildings and Fixtures | 13,614 | |||
Total | 14,541 | |||
Accumulated Depreciation | (9,748) | |||
Net | $ 4,793 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1980 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Links At Carrollwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,259 | |||
Wholly Owned Properties - Residential | Post Bay at Rocky Point | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 4,541 | |||
Initial Cost Buildings and Fixtures | 28,381 | |||
Gross Amount, Land | 4,541 | |||
Gross Amount, Buildings and Fixtures | 30,597 | |||
Total | 35,138 | |||
Accumulated Depreciation | (6,384) | |||
Net | $ 28,754 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Bay at Rocky Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,216 | |||
Wholly Owned Properties - Residential | Post Harbour Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 16,296 | |||
Initial Cost Buildings and Fixtures | 116,193 | |||
Gross Amount, Land | 16,296 | |||
Gross Amount, Buildings and Fixtures | 131,252 | |||
Total | 147,548 | |||
Accumulated Depreciation | (28,051) | |||
Net | $ 119,497 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Harbour Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 15,059 | |||
Wholly Owned Properties - Residential | Post Hyde Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 16,891 | |||
Initial Cost Buildings and Fixtures | 95,259 | |||
Gross Amount, Land | 16,891 | |||
Gross Amount, Buildings and Fixtures | 104,000 | |||
Total | 120,891 | |||
Accumulated Depreciation | (22,344) | |||
Net | $ 98,547 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Hyde Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,741 | |||
Wholly Owned Properties - Residential | Post Rocky Point | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 35,260 | |||
Initial Cost Buildings and Fixtures | 153,102 | |||
Gross Amount, Land | 35,260 | |||
Gross Amount, Buildings and Fixtures | 169,920 | |||
Total | 205,180 | |||
Accumulated Depreciation | (35,663) | |||
Net | $ 169,517 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Rocky Point | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Post Rocky Point | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Post Rocky Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 16,818 | |||
Wholly Owned Properties - Residential | Post Soho Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 5,190 | |||
Initial Cost Buildings and Fixtures | 56,296 | |||
Gross Amount, Land | 5,190 | |||
Gross Amount, Buildings and Fixtures | 57,353 | |||
Total | 62,543 | |||
Accumulated Depreciation | (10,705) | |||
Net | $ 51,838 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Soho Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,057 | |||
Wholly Owned Properties - Residential | Village Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 2,891 | |||
Initial Cost Buildings and Fixtures | 19,055 | |||
Gross Amount, Land | 2,891 | |||
Gross Amount, Buildings and Fixtures | 22,252 | |||
Total | 25,143 | |||
Accumulated Depreciation | (10,018) | |||
Net | $ 15,125 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | Village Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,197 | |||
Wholly Owned Properties - Residential | Colonial Grand At Seven Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Wesley Chapel, FL | |||
Initial Cost Land | $ 3,051 | |||
Initial Cost Buildings and Fixtures | 42,768 | |||
Gross Amount, Land | 3,051 | |||
Gross Amount, Buildings and Fixtures | 46,381 | |||
Total | 49,432 | |||
Accumulated Depreciation | (15,903) | |||
Net | $ 33,529 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2004 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Seven Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,613 | |||
Wholly Owned Properties - Residential | MAA Windermere | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Windermere, FL | |||
Initial Cost Land | $ 2,711 | |||
Initial Cost Buildings and Fixtures | 36,710 | |||
Gross Amount, Land | 2,711 | |||
Gross Amount, Buildings and Fixtures | 39,014 | |||
Total | 41,725 | |||
Accumulated Depreciation | (12,647) | |||
Net | $ 29,078 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Windermere | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,304 | |||
Wholly Owned Properties - Residential | MAA Briarcliff | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 24,614 | |||
Initial Cost Buildings and Fixtures | 114,921 | |||
Gross Amount, Land | 24,614 | |||
Gross Amount, Buildings and Fixtures | 121,228 | |||
Total | 145,842 | |||
Accumulated Depreciation | (24,367) | |||
Net | $ 121,475 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Briarcliff | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,307 | |||
Wholly Owned Properties - Residential | MAA Brookhaven | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 29,048 | |||
Initial Cost Buildings and Fixtures | 106,463 | |||
Gross Amount, Land | 29,048 | |||
Gross Amount, Buildings and Fixtures | 115,228 | |||
Total | 144,276 | |||
Accumulated Depreciation | (25,210) | |||
Net | $ 119,066 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Brookhaven | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
Wholly Owned Properties - Residential | MAA Brookhaven | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
Wholly Owned Properties - Residential | MAA Brookhaven | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,765 | |||
Wholly Owned Properties - Residential | MAA Brookwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 11,168 | |||
Initial Cost Buildings and Fixtures | 52,758 | |||
Gross Amount, Land | 11,168 | |||
Gross Amount, Buildings and Fixtures | 58,727 | |||
Total | 69,895 | |||
Accumulated Depreciation | (19,754) | |||
Net | $ 50,141 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | MAA Brookwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,969 | |||
Wholly Owned Properties - Residential | M A A Buckhead | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 8,633 | |||
Initial Cost Buildings and Fixtures | 19,844 | |||
Gross Amount, Land | 8,633 | |||
Gross Amount, Buildings and Fixtures | 30,738 | |||
Total | 39,371 | |||
Accumulated Depreciation | (10,595) | |||
Net | $ 28,776 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | M A A Buckhead | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,894 | |||
Wholly Owned Properties - Residential | MAA Centennial Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 13,650 | |||
Initial Cost Buildings and Fixtures | 10,950 | |||
Gross Amount, Land | 13,650 | |||
Gross Amount, Buildings and Fixtures | 73,562 | |||
Total | 87,212 | |||
Accumulated Depreciation | (8,384) | |||
Net | $ 78,828 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2018 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Centennial Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 62,612 | |||
Wholly Owned Properties - Residential | MAA Chastain | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 30,223 | |||
Initial Cost Buildings and Fixtures | 82,964 | |||
Gross Amount, Land | 30,223 | |||
Gross Amount, Buildings and Fixtures | 87,792 | |||
Total | 118,015 | |||
Accumulated Depreciation | (17,439) | |||
Net | $ 100,576 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1990 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Chastain | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,828 | |||
Wholly Owned Properties - Residential | MAA Dunwoody | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 15,799 | |||
Initial Cost Buildings and Fixtures | 48,054 | |||
Gross Amount, Land | 15,799 | |||
Gross Amount, Buildings and Fixtures | 52,806 | |||
Total | 68,605 | |||
Accumulated Depreciation | (11,019) | |||
Net | $ 57,586 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1995 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Dunwoody | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,752 | |||
Wholly Owned Properties - Residential | MAA Gardens | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 17,907 | |||
Initial Cost Buildings and Fixtures | 56,093 | |||
Gross Amount, Land | 17,907 | |||
Gross Amount, Buildings and Fixtures | 62,227 | |||
Total | 80,134 | |||
Accumulated Depreciation | (13,499) | |||
Net | $ 66,635 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Gardens | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,134 | |||
Wholly Owned Properties - Residential | MAA Glen | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 13,878 | |||
Initial Cost Buildings and Fixtures | 51,079 | |||
Gross Amount, Land | 13,878 | |||
Gross Amount, Buildings and Fixtures | 57,703 | |||
Total | 71,581 | |||
Accumulated Depreciation | (11,964) | |||
Net | $ 59,617 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Glen | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,624 | |||
Wholly Owned Properties - Residential | MAA Lenox | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 23,876 | |||
Initial Cost Buildings and Fixtures | 165,572 | |||
Gross Amount, Land | 23,876 | |||
Gross Amount, Buildings and Fixtures | 170,507 | |||
Total | 194,383 | |||
Accumulated Depreciation | (37,951) | |||
Net | $ 156,432 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Lenox | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | MAA Lenox | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | MAA Lenox | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,935 | |||
Wholly Owned Properties - Residential | MAA Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 7,000 | |||
Initial Cost Buildings and Fixtures | 44,000 | |||
Gross Amount, Land | 7,000 | |||
Gross Amount, Buildings and Fixtures | 85,290 | |||
Total | 92,290 | |||
Accumulated Depreciation | (10,430) | |||
Net | $ 81,860 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 41,290 | |||
Wholly Owned Properties - Residential | MAA Oglethorpe | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 6,856 | |||
Initial Cost Buildings and Fixtures | 31,441 | |||
Gross Amount, Land | 6,856 | |||
Gross Amount, Buildings and Fixtures | 39,158 | |||
Total | 46,014 | |||
Accumulated Depreciation | (16,429) | |||
Net | $ 29,585 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | MAA Oglethorpe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,717 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 11,974 | |||
Initial Cost Buildings and Fixtures | 55,264 | |||
Gross Amount, Land | 11,974 | |||
Gross Amount, Buildings and Fixtures | 57,199 | |||
Total | 69,173 | |||
Accumulated Depreciation | (10,976) | |||
Net | $ 58,197 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | Phase III [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,935 | |||
Wholly Owned Properties - Residential | MAA Piedmont Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 11,025 | |||
Initial Cost Buildings and Fixtures | 34,277 | |||
Gross Amount, Land | 11,025 | |||
Gross Amount, Buildings and Fixtures | 37,351 | |||
Total | 48,376 | |||
Accumulated Depreciation | (7,203) | |||
Net | $ 41,173 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Piedmont Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,074 | |||
Wholly Owned Properties - Residential | MAA Riverside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 23,765 | |||
Initial Cost Buildings and Fixtures | 89,369 | |||
Gross Amount, Land | 23,765 | |||
Gross Amount, Buildings and Fixtures | 100,068 | |||
Total | 123,833 | |||
Accumulated Depreciation | (22,777) | |||
Net | $ 101,056 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Riverside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,699 | |||
Wholly Owned Properties - Residential | MAA Spring | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 18,596 | |||
Initial Cost Buildings and Fixtures | 57,819 | |||
Gross Amount, Land | 18,596 | |||
Gross Amount, Buildings and Fixtures | 64,909 | |||
Total | 83,505 | |||
Accumulated Depreciation | (14,407) | |||
Net | $ 69,098 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Spring | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,090 | |||
Wholly Owned Properties - Residential | MAA Stratford | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Buildings and Fixtures | $ 30,051 | |||
Gross Amount, Buildings and Fixtures | 36,167 | |||
Total | 36,167 | |||
Accumulated Depreciation | (7,829) | |||
Net | $ 28,338 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Stratford | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,116 | |||
Wholly Owned Properties - Residential | MAA Berkeley Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 1,960 | |||
Initial Cost Buildings and Fixtures | 15,707 | |||
Gross Amount, Land | 1,960 | |||
Gross Amount, Buildings and Fixtures | 18,639 | |||
Total | 20,599 | |||
Accumulated Depreciation | (7,808) | |||
Net | $ 12,791 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Berkeley Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,932 | |||
Wholly Owned Properties - Residential | MAA McDaniel Farm | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 3,985 | |||
Initial Cost Buildings and Fixtures | 32,206 | |||
Gross Amount, Land | 3,985 | |||
Gross Amount, Buildings and Fixtures | 38,412 | |||
Total | 42,397 | |||
Accumulated Depreciation | (15,458) | |||
Net | $ 26,939 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA McDaniel Farm | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,206 | |||
Wholly Owned Properties - Residential | MAA Pleasant Hill | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 6,753 | |||
Initial Cost Buildings and Fixtures | 32,202 | |||
Gross Amount, Land | 6,753 | |||
Gross Amount, Buildings and Fixtures | 39,623 | |||
Total | 46,376 | |||
Accumulated Depreciation | (15,106) | |||
Net | $ 31,270 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Pleasant Hill | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,421 | |||
Wholly Owned Properties - Residential | MAA Prescott | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 3,840 | |||
Initial Cost Buildings and Fixtures | 24,011 | |||
Gross Amount, Land | 3,840 | |||
Gross Amount, Buildings and Fixtures | 30,022 | |||
Total | 33,862 | |||
Accumulated Depreciation | (17,027) | |||
Net | $ 16,835 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | MAA Prescott | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,011 | |||
Wholly Owned Properties - Residential | MAA River Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 4,349 | |||
Initial Cost Buildings and Fixtures | 13,579 | |||
Gross Amount, Land | 4,349 | |||
Gross Amount, Buildings and Fixtures | 17,213 | |||
Total | 21,562 | |||
Accumulated Depreciation | (8,423) | |||
Net | $ 13,139 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA River Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,634 | |||
Wholly Owned Properties - Residential | MAA River Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 2,059 | |||
Initial Cost Buildings and Fixtures | 19,158 | |||
Gross Amount, Land | 2,059 | |||
Gross Amount, Buildings and Fixtures | 23,344 | |||
Total | 25,403 | |||
Accumulated Depreciation | (9,134) | |||
Net | $ 16,269 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA River Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,186 | |||
Wholly Owned Properties - Residential | MAA Mount Vernon | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dunwoody, GA | |||
Initial Cost Land | $ 6,861 | |||
Initial Cost Buildings and Fixtures | 23,748 | |||
Gross Amount, Land | 6,861 | |||
Gross Amount, Buildings and Fixtures | 28,561 | |||
Total | 35,422 | |||
Accumulated Depreciation | (9,983) | |||
Net | $ 25,439 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Mount Vernon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,813 | |||
Wholly Owned Properties - Residential | MAA Lake Lanier | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gainesville, GA | |||
Initial Cost Land | $ 6,710 | |||
Initial Cost Buildings and Fixtures | 40,994 | |||
Gross Amount, Land | 6,710 | |||
Gross Amount, Buildings and Fixtures | 51,496 | |||
Total | 58,206 | |||
Accumulated Depreciation | (29,059) | |||
Net | $ 29,147 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2005 | |||
Wholly Owned Properties - Residential | MAA Lake Lanier | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | MAA Lake Lanier | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
Wholly Owned Properties - Residential | MAA Lake Lanier | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,502 | |||
Wholly Owned Properties - Residential | MAA Shiloh | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kennesaw, GA | |||
Initial Cost Land | $ 4,864 | |||
Initial Cost Buildings and Fixtures | 45,893 | |||
Gross Amount, Land | 4,864 | |||
Gross Amount, Buildings and Fixtures | 54,117 | |||
Total | 58,981 | |||
Accumulated Depreciation | (19,573) | |||
Net | $ 39,408 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Shiloh | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,224 | |||
Wholly Owned Properties - Residential | MAA Milstead | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | LaGrange, GA | |||
Initial Cost Land | $ 3,100 | |||
Initial Cost Buildings and Fixtures | 29,240 | |||
Gross Amount, Land | 3,100 | |||
Gross Amount, Buildings and Fixtures | 33,057 | |||
Total | 36,157 | |||
Accumulated Depreciation | (10,277) | |||
Net | $ 25,880 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | MAA Milstead | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,817 | |||
Wholly Owned Properties - Residential | MAA Barrett Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Marietta, GA | |||
Initial Cost Land | $ 5,661 | |||
Initial Cost Buildings and Fixtures | 26,186 | |||
Gross Amount, Land | 5,661 | |||
Gross Amount, Buildings and Fixtures | 30,052 | |||
Total | 35,713 | |||
Accumulated Depreciation | (12,672) | |||
Net | $ 23,041 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Barrett Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,866 | |||
Wholly Owned Properties - Residential | Colonial Grand at Godley Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Pooler, GA | |||
Initial Cost Land | $ 1,750 | |||
Initial Cost Buildings and Fixtures | 30,893 | |||
Gross Amount, Land | 1,750 | |||
Gross Amount, Buildings and Fixtures | 33,543 | |||
Total | 35,293 | |||
Accumulated Depreciation | (11,618) | |||
Net | $ 23,675 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Godley Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,650 | |||
Wholly Owned Properties - Residential | Colonial Grand at Godley Station [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Pooler, GA | |||
Encumbrances | $ 5,262 | |||
Initial Cost Land | 1,800 | |||
Initial Cost Buildings and Fixtures | 35,454 | |||
Gross Amount, Land | 1,800 | |||
Gross Amount, Buildings and Fixtures | 40,859 | |||
Total | 42,659 | |||
Accumulated Depreciation | (13,895) | |||
Net | $ 28,764 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Godley Station [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,405 | |||
Wholly Owned Properties - Residential | Avala at Savannah Quarters [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 1,500 | |||
Initial Cost Buildings and Fixtures | 24,862 | |||
Gross Amount, Land | 1,500 | |||
Gross Amount, Buildings and Fixtures | 27,967 | |||
Total | 29,467 | |||
Accumulated Depreciation | (9,978) | |||
Net | $ 19,489 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Avala at Savannah Quarters [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,105 | |||
Wholly Owned Properties - Residential | Colonial Grand at Hammocks [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 2,441 | |||
Initial Cost Buildings and Fixtures | 36,863 | |||
Gross Amount, Land | 2,441 | |||
Gross Amount, Buildings and Fixtures | 43,856 | |||
Total | 46,297 | |||
Accumulated Depreciation | (15,081) | |||
Net | $ 31,216 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Hammocks [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,993 | |||
Wholly Owned Properties - Residential | Colonial Village at Huntington [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 2,521 | |||
Initial Cost Buildings and Fixtures | 8,223 | |||
Gross Amount, Land | 2,521 | |||
Gross Amount, Buildings and Fixtures | 10,908 | |||
Total | 13,429 | |||
Accumulated Depreciation | (3,923) | |||
Net | $ 9,506 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Huntington [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,685 | |||
Wholly Owned Properties - Residential | Georgetown Grove [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 1,288 | |||
Initial Cost Buildings and Fixtures | 11,579 | |||
Gross Amount, Land | 1,288 | |||
Gross Amount, Buildings and Fixtures | 15,464 | |||
Total | 16,752 | |||
Accumulated Depreciation | (11,415) | |||
Net | $ 5,337 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Georgetown Grove [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,885 | |||
Wholly Owned Properties - Residential | Oaks at Wilmington Island [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 2,864 | |||
Initial Cost Buildings and Fixtures | 25,315 | |||
Gross Amount, Land | 2,864 | |||
Gross Amount, Buildings and Fixtures | 31,309 | |||
Total | 34,173 | |||
Accumulated Depreciation | (15,886) | |||
Net | $ 18,287 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Oaks at Wilmington Island [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,994 | |||
Wholly Owned Properties - Residential | MAA West Village [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Smyrna, GA | |||
Initial Cost Land | $ 14,410 | |||
Initial Cost Buildings and Fixtures | 73,733 | |||
Gross Amount, Land | 14,410 | |||
Gross Amount, Buildings and Fixtures | 83,810 | |||
Total | 98,220 | |||
Accumulated Depreciation | (21,973) | |||
Net | $ 76,247 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | MAA West Village [Member] | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | MAA West Village [Member] | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | MAA West Village [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,077 | |||
Wholly Owned Properties - Residential | Ranch at Prairie Trace [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Overland Park, KS | |||
Initial Cost Land | $ 3,500 | |||
Initial Cost Buildings and Fixtures | 40,614 | |||
Gross Amount, Land | 3,500 | |||
Gross Amount, Buildings and Fixtures | 42,946 | |||
Total | 46,446 | |||
Accumulated Depreciation | (7,542) | |||
Net | $ 38,904 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Ranch at Prairie Trace [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,332 | |||
Wholly Owned Properties - Residential | MAA Pinnacle | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lexington, KY | |||
Initial Cost Land | $ 2,024 | |||
Initial Cost Buildings and Fixtures | 31,525 | |||
Gross Amount, Land | 2,024 | |||
Gross Amount, Buildings and Fixtures | 38,575 | |||
Total | 40,599 | |||
Accumulated Depreciation | (22,033) | |||
Net | $ 18,566 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | MAA Pinnacle | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,050 | |||
Wholly Owned Properties - Residential | MAA Lakepointe [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lexington, KY | |||
Initial Cost Land | $ 411 | |||
Initial Cost Buildings and Fixtures | 3,699 | |||
Gross Amount, Land | 411 | |||
Gross Amount, Buildings and Fixtures | 6,518 | |||
Total | 6,929 | |||
Accumulated Depreciation | (5,132) | |||
Net | $ 1,797 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | MAA Lakepointe [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,819 | |||
Wholly Owned Properties - Residential | MAA Mansion [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lexington, KY | |||
Initial Cost Land | $ 694 | |||
Initial Cost Buildings and Fixtures | 6,242 | |||
Gross Amount, Land | 694 | |||
Gross Amount, Buildings and Fixtures | 10,405 | |||
Total | 11,099 | |||
Accumulated Depreciation | (8,110) | |||
Net | $ 2,989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | MAA Mansion [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,163 | |||
Wholly Owned Properties - Residential | MAA Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lexington, KY | |||
Initial Cost Land | $ 900 | |||
Initial Cost Buildings and Fixtures | 8,097 | |||
Gross Amount, Land | 900 | |||
Gross Amount, Buildings and Fixtures | 13,125 | |||
Total | 14,025 | |||
Accumulated Depreciation | (10,450) | |||
Net | $ 3,575 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | MAA Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,028 | |||
Wholly Owned Properties - Residential | MAA Stonemill Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Louisville, KY | |||
Initial Cost Land | $ 1,169 | |||
Initial Cost Buildings and Fixtures | 10,518 | |||
Gross Amount, Land | 1,169 | |||
Gross Amount, Buildings and Fixtures | 20,981 | |||
Total | 22,150 | |||
Accumulated Depreciation | (16,087) | |||
Net | $ 6,063 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | MAA Stonemill Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,463 | |||
Wholly Owned Properties - Residential | Market Station | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kansas City, MO | |||
Initial Cost Land | $ 5,814 | |||
Initial Cost Buildings and Fixtures | 46,241 | |||
Gross Amount, Land | 5,814 | |||
Gross Amount, Buildings and Fixtures | 50,000 | |||
Total | 55,814 | |||
Accumulated Depreciation | (15,927) | |||
Net | $ 39,887 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | Market Station | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,759 | |||
Wholly Owned Properties - Residential | The Denton [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kansas City, MO | |||
Initial Cost Land | $ 5,520 | |||
Initial Cost Buildings and Fixtures | 50,939 | |||
Gross Amount, Land | 5,520 | |||
Gross Amount, Buildings and Fixtures | 79,912 | |||
Total | 85,432 | |||
Accumulated Depreciation | (12,651) | |||
Net | $ 72,781 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | The Denton [Member] | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | The Denton [Member] | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | The Denton [Member] | Phase III [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | The Denton [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 28,973 | |||
Wholly Owned Properties - Residential | Colonial Village at beaver creek [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Apex, NC | |||
Initial Cost Land | $ 7,491 | |||
Initial Cost Buildings and Fixtures | 34,863 | |||
Gross Amount, Land | 7,491 | |||
Gross Amount, Buildings and Fixtures | 38,168 | |||
Total | 45,659 | |||
Accumulated Depreciation | (12,976) | |||
Net | $ 32,683 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at beaver creek [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,305 | |||
Wholly Owned Properties - Residential | Hermitage at Beechtree [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cary, NC | |||
Initial Cost Land | $ 900 | |||
Initial Cost Buildings and Fixtures | 8,099 | |||
Gross Amount, Land | 900 | |||
Gross Amount, Buildings and Fixtures | 13,668 | |||
Total | 14,568 | |||
Accumulated Depreciation | (9,918) | |||
Net | $ 4,650 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1988 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Hermitage at Beechtree [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,569 | |||
Wholly Owned Properties - Residential | Waterford Forest | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cary, NC | |||
Initial Cost Land | $ 4,000 | |||
Initial Cost Buildings and Fixtures | 20,250 | |||
Gross Amount, Land | 4,000 | |||
Gross Amount, Buildings and Fixtures | 25,288 | |||
Total | 29,288 | |||
Accumulated Depreciation | (13,599) | |||
Net | $ 15,689 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2005 | |||
Wholly Owned Properties - Residential | Waterford Forest | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,038 | |||
Wholly Owned Properties - Residential | MAA 1225 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 9,612 | |||
Initial Cost Buildings and Fixtures | 22,342 | |||
Gross Amount, Land | 9,612 | |||
Gross Amount, Buildings and Fixtures | 53,459 | |||
Total | 63,071 | |||
Accumulated Depreciation | (14,515) | |||
Net | $ 48,556 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | MAA 1225 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 31,117 | |||
Wholly Owned Properties - Residential | MAA Ayrsley | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 2,481 | |||
Initial Cost Buildings and Fixtures | 52,119 | |||
Gross Amount, Land | 2,481 | |||
Gross Amount, Buildings and Fixtures | 68,647 | |||
Total | 71,128 | |||
Accumulated Depreciation | (21,483) | |||
Net | $ 49,645 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Ayrsley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 16,528 | |||
Wholly Owned Properties - Residential | MAA Ballantyne | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 16,216 | |||
Initial Cost Buildings and Fixtures | 44,817 | |||
Gross Amount, Land | 16,216 | |||
Gross Amount, Buildings and Fixtures | 49,518 | |||
Total | 65,734 | |||
Accumulated Depreciation | (10,088) | |||
Net | $ 55,646 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2004 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Ballantyne | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,701 | |||
Wholly Owned Properties - Residential | MAA Beverly Crest | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 3,161 | |||
Initial Cost Buildings and Fixtures | 24,004 | |||
Gross Amount, Land | 3,161 | |||
Gross Amount, Buildings and Fixtures | 28,921 | |||
Total | 32,082 | |||
Accumulated Depreciation | (9,771) | |||
Net | $ 22,311 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Beverly Crest | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,917 | |||
Wholly Owned Properties - Residential | MAA Chancellor Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 5,311 | |||
Initial Cost Buildings and Fixtures | 28,016 | |||
Gross Amount, Land | 5,311 | |||
Gross Amount, Buildings and Fixtures | 33,650 | |||
Total | 38,961 | |||
Accumulated Depreciation | (12,088) | |||
Net | $ 26,873 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Chancellor Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,634 | |||
Wholly Owned Properties - Residential | MAA City Grand | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 1,620 | |||
Initial Cost Buildings and Fixtures | 17,499 | |||
Gross Amount, Land | 1,620 | |||
Gross Amount, Buildings and Fixtures | 18,979 | |||
Total | 20,599 | |||
Accumulated Depreciation | (6,254) | |||
Net | $ 14,345 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA City Grand | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,480 | |||
Wholly Owned Properties - Residential | MAA Enclave | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 1,461 | |||
Initial Cost Buildings and Fixtures | 18,984 | |||
Gross Amount, Land | 1,461 | |||
Gross Amount, Buildings and Fixtures | 21,287 | |||
Total | 22,748 | |||
Accumulated Depreciation | (6,524) | |||
Net | $ 16,224 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Enclave | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,303 | |||
Wholly Owned Properties - Residential | MAA Gateway | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 17,528 | |||
Initial Cost Buildings and Fixtures | 57,444 | |||
Gross Amount, Land | 17,528 | |||
Gross Amount, Buildings and Fixtures | 66,296 | |||
Total | 83,824 | |||
Accumulated Depreciation | (14,178) | |||
Net | $ 69,646 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Gateway | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,852 | |||
Wholly Owned Properties - Residential | MAA Legacy Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 2,891 | |||
Initial Cost Buildings and Fixtures | 28,272 | |||
Gross Amount, Land | 2,891 | |||
Gross Amount, Buildings and Fixtures | 32,473 | |||
Total | 35,364 | |||
Accumulated Depreciation | (11,323) | |||
Net | $ 24,041 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Legacy Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,201 | |||
Wholly Owned Properties - Residential | MAA Prosperity Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 4,591 | |||
Initial Cost Buildings and Fixtures | 27,713 | |||
Gross Amount, Land | 4,591 | |||
Gross Amount, Buildings and Fixtures | 30,646 | |||
Total | 35,237 | |||
Accumulated Depreciation | (11,033) | |||
Net | $ 24,204 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Prosperity Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,933 | |||
Wholly Owned Properties - Residential | MAA Reserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 4,628 | |||
Initial Cost Buildings and Fixtures | 44,282 | |||
Gross Amount, Land | 4,628 | |||
Gross Amount, Buildings and Fixtures | 57,946 | |||
Total | 62,574 | |||
Accumulated Depreciation | (11,480) | |||
Net | $ 51,094 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Reserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13,664 | |||
Wholly Owned Properties - Residential | MAA South Line | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 18,835 | |||
Initial Cost Buildings and Fixtures | 58,795 | |||
Gross Amount, Land | 18,835 | |||
Gross Amount, Buildings and Fixtures | 62,960 | |||
Total | 81,795 | |||
Accumulated Depreciation | (11,736) | |||
Net | $ 70,059 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA South Line | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,165 | |||
Wholly Owned Properties - Residential | MAA South Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 20,869 | |||
Initial Cost Buildings and Fixtures | 65,517 | |||
Gross Amount, Land | 20,869 | |||
Gross Amount, Buildings and Fixtures | 73,692 | |||
Total | 94,561 | |||
Accumulated Depreciation | (15,299) | |||
Net | $ 79,262 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA South Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,175 | |||
Wholly Owned Properties - Residential | MAA South Tryon | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 2,260 | |||
Initial Cost Buildings and Fixtures | 19,489 | |||
Gross Amount, Land | 2,260 | |||
Gross Amount, Buildings and Fixtures | 22,569 | |||
Total | 24,829 | |||
Accumulated Depreciation | (8,021) | |||
Net | $ 16,808 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA South Tryon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,080 | |||
Wholly Owned Properties - Residential | MAA University Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 3,250 | |||
Initial Cost Buildings and Fixtures | 31,389 | |||
Gross Amount, Land | 3,250 | |||
Gross Amount, Buildings and Fixtures | 37,170 | |||
Total | 40,420 | |||
Accumulated Depreciation | (13,552) | |||
Net | $ 26,868 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA University Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,781 | |||
Wholly Owned Properties - Residential | MAA Uptown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 10,888 | |||
Initial Cost Buildings and Fixtures | 30,078 | |||
Gross Amount, Land | 10,888 | |||
Gross Amount, Buildings and Fixtures | 34,825 | |||
Total | 45,713 | |||
Accumulated Depreciation | (7,135) | |||
Net | $ 38,578 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Uptown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,747 | |||
Wholly Owned Properties - Residential | MAA Cornelius | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cornelius, NC | |||
Initial Cost Land | $ 4,571 | |||
Initial Cost Buildings and Fixtures | 29,151 | |||
Gross Amount, Land | 4,571 | |||
Gross Amount, Buildings and Fixtures | 31,613 | |||
Total | 36,184 | |||
Accumulated Depreciation | (11,602) | |||
Net | $ 24,582 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Cornelius | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,462 | |||
Wholly Owned Properties - Residential | Colonial Grand at Patterson Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Durham, NC | |||
Initial Cost Land | $ 2,590 | |||
Initial Cost Buildings and Fixtures | 27,126 | |||
Gross Amount, Land | 2,590 | |||
Gross Amount, Buildings and Fixtures | 31,215 | |||
Total | 33,805 | |||
Accumulated Depreciation | (10,953) | |||
Net | $ 22,852 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Patterson Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,089 | |||
Wholly Owned Properties - Residential | Colonial Grand at Research Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Durham, NC | |||
Initial Cost Land | $ 4,201 | |||
Initial Cost Buildings and Fixtures | 37,682 | |||
Gross Amount, Land | 4,201 | |||
Gross Amount, Buildings and Fixtures | 42,557 | |||
Total | 46,758 | |||
Accumulated Depreciation | (15,043) | |||
Net | $ 31,715 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Research Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,875 | |||
Wholly Owned Properties - Residential | Colonial Village at Deerfield | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Durham, NC | |||
Initial Cost Land | $ 3,271 | |||
Initial Cost Buildings and Fixtures | 15,609 | |||
Gross Amount, Land | 3,271 | |||
Gross Amount, Buildings and Fixtures | 18,028 | |||
Total | 21,299 | |||
Accumulated Depreciation | (7,325) | |||
Net | $ 13,974 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Deerfield | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,419 | |||
Wholly Owned Properties - Residential | MAA Huntersville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntersville, NC | |||
Initial Cost Land | $ 4,251 | |||
Initial Cost Buildings and Fixtures | 31,948 | |||
Gross Amount, Land | 4,251 | |||
Gross Amount, Buildings and Fixtures | 36,370 | |||
Total | 40,621 | |||
Accumulated Depreciation | (12,972) | |||
Net | $ 27,649 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Huntersville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,422 | |||
Wholly Owned Properties - Residential | MAA Fifty One | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Matthews, NC | |||
Initial Cost Land | $ 3,071 | |||
Initial Cost Buildings and Fixtures | 21,830 | |||
Gross Amount, Land | 3,071 | |||
Gross Amount, Buildings and Fixtures | 28,522 | |||
Total | 31,593 | |||
Accumulated Depreciation | (11,359) | |||
Net | $ 20,234 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Fifty One | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,692 | |||
Wholly Owned Properties - Residential | MAA Matthews Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Matthews, NC | |||
Initial Cost Land | $ 3,690 | |||
Initial Cost Buildings and Fixtures | 28,536 | |||
Gross Amount, Land | 3,690 | |||
Gross Amount, Buildings and Fixtures | 31,582 | |||
Total | 35,272 | |||
Accumulated Depreciation | (11,179) | |||
Net | $ 24,093 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Matthews Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,046 | |||
Wholly Owned Properties - Residential | Reserve at Arringdon | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Morrisville, NC | |||
Initial Cost Land | $ 6,401 | |||
Initial Cost Buildings and Fixtures | 31,134 | |||
Gross Amount, Land | 6,401 | |||
Gross Amount, Buildings and Fixtures | 36,311 | |||
Total | 42,712 | |||
Accumulated Depreciation | (12,635) | |||
Net | $ 30,077 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Reserve at Arringdon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,177 | |||
Wholly Owned Properties - Residential | Colonial Grand at Brier Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 7,372 | |||
Initial Cost Buildings and Fixtures | 50,202 | |||
Gross Amount, Land | 7,372 | |||
Gross Amount, Buildings and Fixtures | 54,085 | |||
Total | 61,457 | |||
Accumulated Depreciation | (18,235) | |||
Net | $ 43,222 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Brier Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,883 | |||
Wholly Owned Properties - Residential | Colonial Grand at Brier Falls | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 6,572 | |||
Initial Cost Buildings and Fixtures | 48,910 | |||
Gross Amount, Land | 6,572 | |||
Gross Amount, Buildings and Fixtures | 52,458 | |||
Total | 59,030 | |||
Accumulated Depreciation | (17,275) | |||
Net | $ 41,755 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Brier Falls | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,548 | |||
Wholly Owned Properties - Residential | Colonial Grand At Crabtree Valley | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 2,241 | |||
Initial Cost Buildings and Fixtures | 18,434 | |||
Gross Amount, Land | 2,241 | |||
Gross Amount, Buildings and Fixtures | 21,751 | |||
Total | 23,992 | |||
Accumulated Depreciation | (7,061) | |||
Net | $ 16,931 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Crabtree Valley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,317 | |||
Wholly Owned Properties - Residential | Colonial Grand At Trinity Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 5,232 | |||
Initial Cost Buildings and Fixtures | 45,138 | |||
Gross Amount, Land | 5,232 | |||
Gross Amount, Buildings and Fixtures | 51,003 | |||
Total | 56,235 | |||
Accumulated Depreciation | (18,397) | |||
Net | $ 37,838 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Trinity Commons | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Wholly Owned Properties - Residential | Colonial Grand At Trinity Commons | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
Wholly Owned Properties - Residential | Colonial Grand At Trinity Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,865 | |||
Wholly Owned Properties - Residential | Hue | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 3,690 | |||
Initial Cost Buildings and Fixtures | 29,910 | |||
Gross Amount, Land | 3,690 | |||
Gross Amount, Buildings and Fixtures | 32,704 | |||
Total | 36,394 | |||
Accumulated Depreciation | (9,951) | |||
Net | $ 26,443 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Hue | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,794 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 19,434 | |||
Initial Cost Buildings and Fixtures | 98,288 | |||
Gross Amount, Land | 19,434 | |||
Gross Amount, Buildings and Fixtures | 126,385 | |||
Total | 145,819 | |||
Accumulated Depreciation | (27,901) | |||
Net | $ 117,918 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade | Phase III [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2019 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 28,097 | |||
Wholly Owned Properties - Residential | Preserve At Brier Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 5,831 | |||
Initial Cost Buildings and Fixtures | 21,980 | |||
Gross Amount, Land | 5,831 | |||
Gross Amount, Buildings and Fixtures | 49,106 | |||
Total | 54,937 | |||
Accumulated Depreciation | (22,795) | |||
Net | $ 32,142 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2004 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Preserve At Brier Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 27,126 | |||
Wholly Owned Properties - Residential | Providence At Brier Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 4,695 | |||
Initial Cost Buildings and Fixtures | 29,007 | |||
Gross Amount, Land | 4,695 | |||
Gross Amount, Buildings and Fixtures | 31,538 | |||
Total | 36,233 | |||
Accumulated Depreciation | (14,541) | |||
Net | $ 21,692 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | Providence At Brier Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,531 | |||
Wholly Owned Properties - Residential | Colonial Grand at Desert Vista | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | North Las Vegas, NV | |||
Initial Cost Land | $ 4,091 | |||
Initial Cost Buildings and Fixtures | 29,826 | |||
Gross Amount, Land | 4,091 | |||
Gross Amount, Buildings and Fixtures | 32,394 | |||
Total | 36,485 | |||
Accumulated Depreciation | (11,576) | |||
Net | $ 24,909 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Desert Vista | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,568 | |||
Wholly Owned Properties - Residential | Colonial Grand at Palm Vista | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | North Las Vegas, NV | |||
Initial Cost Land | $ 4,909 | |||
Initial Cost Buildings and Fixtures | 25,643 | |||
Gross Amount, Land | 4,909 | |||
Gross Amount, Buildings and Fixtures | 30,779 | |||
Total | 35,688 | |||
Accumulated Depreciation | (11,481) | |||
Net | $ 24,207 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Palm Vista | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,136 | |||
Wholly Owned Properties - Residential | Tanglewood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Anderson, SC | |||
Initial Cost Land | $ 427 | |||
Initial Cost Buildings and Fixtures | 3,853 | |||
Gross Amount, Land | 427 | |||
Gross Amount, Buildings and Fixtures | 6,639 | |||
Total | 7,066 | |||
Accumulated Depreciation | (5,588) | |||
Net | $ 1,478 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1980 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Tanglewood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,786 | |||
Wholly Owned Properties - Residential | 1201 Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 18,679 | |||
Initial Cost Buildings and Fixtures | 63,759 | |||
Gross Amount, Land | 18,679 | |||
Gross Amount, Buildings and Fixtures | 81,383 | |||
Total | 100,062 | |||
Accumulated Depreciation | (11,364) | |||
Net | $ 88,698 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | 1201 Midtown | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | 1201 Midtown | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2018 | |||
Wholly Owned Properties - Residential | 1201 Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 17,624 | |||
Wholly Owned Properties - Residential | Colonial Grand At Cypress Cove | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 3,610 | |||
Initial Cost Buildings and Fixtures | 28,645 | |||
Gross Amount, Land | 3,610 | |||
Gross Amount, Buildings and Fixtures | 32,929 | |||
Total | 36,539 | |||
Accumulated Depreciation | (11,450) | |||
Net | $ 25,089 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Cypress Cove | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,284 | |||
Wholly Owned Properties - Residential | Colonial Village At Hampton Pointe | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 3,971 | |||
Initial Cost Buildings and Fixtures | 22,790 | |||
Gross Amount, Land | 3,971 | |||
Gross Amount, Buildings and Fixtures | 30,767 | |||
Total | 34,738 | |||
Accumulated Depreciation | (10,815) | |||
Net | $ 23,923 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Hampton Pointe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,977 | |||
Wholly Owned Properties - Residential | Colonial Village At Westchase | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 4,571 | |||
Initial Cost Buildings and Fixtures | 20,091 | |||
Gross Amount, Land | 4,571 | |||
Gross Amount, Buildings and Fixtures | 25,572 | |||
Total | 30,143 | |||
Accumulated Depreciation | (10,068) | |||
Net | $ 20,075 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Westchase | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,481 | |||
Wholly Owned Properties - Residential | Quarterdeck at James Island | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 920 | |||
Initial Cost Buildings and Fixtures | 24,097 | |||
Gross Amount, Land | 920 | |||
Gross Amount, Buildings and Fixtures | 31,287 | |||
Total | 32,207 | |||
Accumulated Depreciation | (11,001) | |||
Net | $ 21,206 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Quarterdeck at James Island | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,190 | |||
Wholly Owned Properties - Residential | Rivers Walk | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 8,831 | |||
Initial Cost Buildings and Fixtures | 39,430 | |||
Gross Amount, Land | 8,831 | |||
Gross Amount, Buildings and Fixtures | 42,204 | |||
Total | 51,035 | |||
Accumulated Depreciation | (8,085) | |||
Net | $ 42,950 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Rivers Walk | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Rivers Walk | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Rivers Walk | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,774 | |||
Wholly Owned Properties - Residential | Paddock Club Columbia | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Columbia, SC | |||
Initial Cost Land | $ 1,840 | |||
Initial Cost Buildings and Fixtures | 16,560 | |||
Gross Amount, Land | 1,840 | |||
Gross Amount, Buildings and Fixtures | 22,536 | |||
Total | 24,376 | |||
Accumulated Depreciation | (16,400) | |||
Net | $ 7,976 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1991 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Club Columbia | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,976 | |||
Wholly Owned Properties - Residential | The Fairways | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Columbia, SC | |||
Initial Cost Land | $ 910 | |||
Initial Cost Buildings and Fixtures | 8,207 | |||
Gross Amount, Land | 910 | |||
Gross Amount, Buildings and Fixtures | 11,534 | |||
Total | 12,444 | |||
Accumulated Depreciation | (9,348) | |||
Net | $ 3,096 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | The Fairways | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,327 | |||
Wholly Owned Properties - Residential | Colonial Village At Windsor Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Goose Creek, SC | |||
Initial Cost Land | $ 1,321 | |||
Initial Cost Buildings and Fixtures | 14,163 | |||
Gross Amount, Land | 1,321 | |||
Gross Amount, Buildings and Fixtures | 18,739 | |||
Total | 20,060 | |||
Accumulated Depreciation | (7,321) | |||
Net | $ 12,739 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Windsor Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,576 | |||
Wholly Owned Properties - Residential | Highland Ridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 482 | |||
Initial Cost Buildings and Fixtures | 4,337 | |||
Gross Amount, Land | 482 | |||
Gross Amount, Buildings and Fixtures | 7,319 | |||
Total | 7,801 | |||
Accumulated Depreciation | (5,304) | |||
Net | $ 2,497 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Highland Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,982 | |||
Wholly Owned Properties - Residential | Howell Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 1,304 | |||
Initial Cost Buildings and Fixtures | 11,740 | |||
Gross Amount, Land | 1,304 | |||
Gross Amount, Buildings and Fixtures | 16,501 | |||
Total | 17,805 | |||
Accumulated Depreciation | (12,418) | |||
Net | $ 5,387 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Howell Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,761 | |||
Wholly Owned Properties - Residential | Innovation Apartment Homes | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 4,437 | |||
Initial Cost Buildings and Fixtures | 52,026 | |||
Gross Amount, Land | 4,437 | |||
Gross Amount, Buildings and Fixtures | 54,755 | |||
Total | 59,192 | |||
Accumulated Depreciation | (10,086) | |||
Net | $ 49,106 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Innovation Apartment Homes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,729 | |||
Wholly Owned Properties - Residential | Paddock Club Greenville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 1,200 | |||
Initial Cost Buildings and Fixtures | 10,800 | |||
Gross Amount, Land | 1,200 | |||
Gross Amount, Buildings and Fixtures | 14,234 | |||
Total | 15,434 | |||
Accumulated Depreciation | (10,259) | |||
Net | $ 5,175 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Club Greenville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,434 | |||
Wholly Owned Properties - Residential | Park Haywood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 360 | |||
Initial Cost Buildings and Fixtures | 2,925 | |||
Gross Amount, Land | 360 | |||
Gross Amount, Buildings and Fixtures | 7,933 | |||
Total | 8,293 | |||
Accumulated Depreciation | (6,140) | |||
Net | $ 2,153 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1983 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1993 | |||
Wholly Owned Properties - Residential | Park Haywood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,008 | |||
Wholly Owned Properties - Residential | Spring Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 583 | |||
Initial Cost Buildings and Fixtures | 5,374 | |||
Gross Amount, Land | 583 | |||
Gross Amount, Buildings and Fixtures | 8,467 | |||
Total | 9,050 | |||
Accumulated Depreciation | (6,453) | |||
Net | $ 2,597 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Spring Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,093 | |||
Wholly Owned Properties - Residential | The Greene | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 5,427 | |||
Initial Cost Buildings and Fixtures | 66,546 | |||
Gross Amount, Land | 5,427 | |||
Gross Amount, Buildings and Fixtures | 67,655 | |||
Total | 73,082 | |||
Accumulated Depreciation | (4,049) | |||
Net | $ 69,033 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2019 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Wholly Owned Properties - Residential | The Greene | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,109 | |||
Wholly Owned Properties - Residential | Runaway Bay | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Mt. Pleasant, SC | |||
Initial Cost Land | $ 1,096 | |||
Initial Cost Buildings and Fixtures | 7,269 | |||
Gross Amount, Land | 1,096 | |||
Gross Amount, Buildings and Fixtures | 14,127 | |||
Total | 15,223 | |||
Accumulated Depreciation | (10,982) | |||
Net | $ 4,241 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1988 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Runaway Bay | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,858 | |||
Wholly Owned Properties - Residential | Colonial Grand At Commerce Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | North Charleston, SC | |||
Initial Cost Land | $ 2,780 | |||
Initial Cost Buildings and Fixtures | 33,966 | |||
Gross Amount, Land | 2,780 | |||
Gross Amount, Buildings and Fixtures | 39,096 | |||
Total | 41,876 | |||
Accumulated Depreciation | (12,994) | |||
Net | $ 28,882 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Commerce Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,130 | |||
Wholly Owned Properties - Residential | Brookwood535 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Simpsonville, SC | |||
Initial Cost Land | $ 1,216 | |||
Initial Cost Buildings and Fixtures | 18,666 | |||
Gross Amount, Land | 1,216 | |||
Gross Amount, Buildings and Fixtures | 21,090 | |||
Total | 22,306 | |||
Accumulated Depreciation | (8,427) | |||
Net | $ 13,879 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Brookwood535 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,424 | |||
Wholly Owned Properties - Residential | Park Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Spartanburg, SC | |||
Initial Cost Land | $ 723 | |||
Initial Cost Buildings and Fixtures | 6,504 | |||
Gross Amount, Land | 723 | |||
Gross Amount, Buildings and Fixtures | 9,182 | |||
Total | 9,905 | |||
Accumulated Depreciation | (7,044) | |||
Net | $ 2,861 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Park Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,678 | |||
Wholly Owned Properties - Residential | Colonial Village At Waters Edge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Summerville, SC | |||
Initial Cost Land | $ 2,103 | |||
Initial Cost Buildings and Fixtures | 9,187 | |||
Gross Amount, Land | 2,103 | |||
Gross Amount, Buildings and Fixtures | 13,965 | |||
Total | 16,068 | |||
Accumulated Depreciation | (6,435) | |||
Net | $ 9,633 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Waters Edge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,778 | |||
Wholly Owned Properties - Residential | Farmington Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Summerville, SC | |||
Initial Cost Land | $ 2,800 | |||
Initial Cost Buildings and Fixtures | 26,295 | |||
Gross Amount, Land | 2,800 | |||
Gross Amount, Buildings and Fixtures | 29,767 | |||
Total | 32,567 | |||
Accumulated Depreciation | (14,389) | |||
Net | $ 18,178 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2007 | |||
Wholly Owned Properties - Residential | Farmington Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,472 | |||
Wholly Owned Properties - Residential | Hamilton Pointe | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chattanooga, TN | |||
Initial Cost Land | $ 1,131 | |||
Initial Cost Buildings and Fixtures | 10,632 | |||
Gross Amount, Land | 1,131 | |||
Gross Amount, Buildings and Fixtures | 18,038 | |||
Total | 19,169 | |||
Accumulated Depreciation | (9,287) | |||
Net | $ 9,882 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1992 | |||
Wholly Owned Properties - Residential | Hamilton Pointe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,406 | |||
Wholly Owned Properties - Residential | Hidden Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chattanooga, TN | |||
Initial Cost Land | $ 972 | |||
Initial Cost Buildings and Fixtures | 8,954 | |||
Gross Amount, Land | 972 | |||
Gross Amount, Buildings and Fixtures | 16,111 | |||
Total | 17,083 | |||
Accumulated Depreciation | (8,444) | |||
Net | $ 8,639 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1988 | |||
Wholly Owned Properties - Residential | Hidden Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,157 | |||
Wholly Owned Properties - Residential | Steeplechase | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chattanooga, TN | |||
Initial Cost Land | $ 217 | |||
Initial Cost Buildings and Fixtures | 1,957 | |||
Gross Amount, Land | 217 | |||
Gross Amount, Buildings and Fixtures | 6,337 | |||
Total | 6,554 | |||
Accumulated Depreciation | (4,022) | |||
Net | $ 2,532 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1991 | |||
Wholly Owned Properties - Residential | Steeplechase | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,380 | |||
Wholly Owned Properties - Residential | Windridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chattanooga, TN | |||
Initial Cost Land | $ 817 | |||
Initial Cost Buildings and Fixtures | 7,416 | |||
Gross Amount, Land | 817 | |||
Gross Amount, Buildings and Fixtures | 12,047 | |||
Total | 12,864 | |||
Accumulated Depreciation | (8,910) | |||
Net | $ 3,954 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Windridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,631 | |||
Wholly Owned Properties - Residential | Kirby Station | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Memphis, TN | |||
Initial Cost Land | $ 1,148 | |||
Initial Cost Buildings and Fixtures | 10,337 | |||
Gross Amount, Land | 1,148 | |||
Gross Amount, Buildings and Fixtures | 20,649 | |||
Total | 21,797 | |||
Accumulated Depreciation | (15,656) | |||
Net | $ 6,141 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1978 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Kirby Station | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,312 | |||
Wholly Owned Properties - Residential | Lincoln On Green | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Memphis, TN | |||
Initial Cost Land | $ 1,498 | |||
Initial Cost Buildings and Fixtures | 20,483 | |||
Gross Amount, Land | 1,498 | |||
Gross Amount, Buildings and Fixtures | 37,473 | |||
Total | 38,971 | |||
Accumulated Depreciation | (28,748) | |||
Net | $ 10,223 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Lincoln On Green | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 16,990 | |||
Wholly Owned Properties - Residential | Park Estate | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Memphis, TN | |||
Initial Cost Land | $ 178 | |||
Initial Cost Buildings and Fixtures | 1,141 | |||
Gross Amount, Land | 178 | |||
Gross Amount, Buildings and Fixtures | 4,761 | |||
Total | 4,939 | |||
Accumulated Depreciation | (3,593) | |||
Net | $ 1,346 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1974 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1977 | |||
Wholly Owned Properties - Residential | Park Estate | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,620 | |||
Wholly Owned Properties - Residential | Reserve At Dexter Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Memphis, TN | |||
Initial Cost Land | $ 3,407 | |||
Initial Cost Buildings and Fixtures | 16,043 | |||
Gross Amount, Land | 3,407 | |||
Gross Amount, Buildings and Fixtures | 62,482 | |||
Total | 65,889 | |||
Accumulated Depreciation | (32,288) | |||
Net | $ 33,601 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Reserve At Dexter Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 46,439 | |||
Wholly Owned Properties - Residential | Paddock Club Murfreesboro | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Murfreesboro, TN | |||
Initial Cost Land | $ 915 | |||
Initial Cost Buildings and Fixtures | 14,774 | |||
Gross Amount, Land | 915 | |||
Gross Amount, Buildings and Fixtures | 19,016 | |||
Total | 19,931 | |||
Accumulated Depreciation | (11,147) | |||
Net | $ 8,784 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Paddock Club Murfreesboro | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,242 | |||
Wholly Owned Properties - Residential | Acklen West End | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 12,761 | |||
Initial Cost Buildings and Fixtures | 58,906 | |||
Gross Amount, Land | 12,761 | |||
Gross Amount, Buildings and Fixtures | 61,068 | |||
Total | 73,829 | |||
Accumulated Depreciation | (9,012) | |||
Net | $ 64,817 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | Acklen West End | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,162 | |||
Wholly Owned Properties - Residential | Aventura At Indian Lake Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 4,950 | |||
Initial Cost Buildings and Fixtures | 28,053 | |||
Gross Amount, Land | 4,950 | |||
Gross Amount, Buildings and Fixtures | 30,891 | |||
Total | 35,841 | |||
Accumulated Depreciation | (10,932) | |||
Net | $ 24,909 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Aventura At Indian Lake Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,838 | |||
Wholly Owned Properties - Residential | Avondale At Kennesaw | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 3,456 | |||
Initial Cost Buildings and Fixtures | 22,443 | |||
Gross Amount, Land | 3,456 | |||
Gross Amount, Buildings and Fixtures | 27,327 | |||
Total | 30,783 | |||
Accumulated Depreciation | (10,454) | |||
Net | $ 20,329 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Avondale At Kennesaw | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,884 | |||
Wholly Owned Properties - Residential | Brentwood Downs | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 1,191 | |||
Initial Cost Buildings and Fixtures | 10,739 | |||
Gross Amount, Land | 1,191 | |||
Gross Amount, Buildings and Fixtures | 19,665 | |||
Total | 20,856 | |||
Accumulated Depreciation | (14,160) | |||
Net | $ 6,696 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Brentwood Downs | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,926 | |||
Wholly Owned Properties - Residential | Charlotte at Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 7,898 | |||
Initial Cost Buildings and Fixtures | 54,480 | |||
Gross Amount, Land | 7,898 | |||
Gross Amount, Buildings and Fixtures | 57,023 | |||
Total | 64,921 | |||
Accumulated Depreciation | (7,923) | |||
Net | $ 56,998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2016 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | Charlotte at Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,543 | |||
Wholly Owned Properties - Residential | MAA Bellevue | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 17,193 | |||
Initial Cost Buildings and Fixtures | 64,196 | |||
Gross Amount, Land | 17,193 | |||
Gross Amount, Buildings and Fixtures | 71,581 | |||
Total | 88,774 | |||
Accumulated Depreciation | (20,047) | |||
Net | $ 68,727 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Bellevue | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | MAA Bellevue | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | MAA Bellevue | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,385 | |||
Wholly Owned Properties - Residential | Grand View Nashville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 2,963 | |||
Initial Cost Buildings and Fixtures | 33,673 | |||
Gross Amount, Land | 2,963 | |||
Gross Amount, Buildings and Fixtures | 42,888 | |||
Total | 45,851 | |||
Accumulated Depreciation | (23,596) | |||
Net | $ 22,255 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Grand View Nashville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,215 | |||
Wholly Owned Properties - Residential | Monthaven Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 2,736 | |||
Initial Cost Buildings and Fixtures | 28,902 | |||
Gross Amount, Land | 2,736 | |||
Gross Amount, Buildings and Fixtures | 35,579 | |||
Total | 38,315 | |||
Accumulated Depreciation | (21,250) | |||
Net | $ 17,065 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | Monthaven Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,677 | |||
Wholly Owned Properties - Residential | Park At Hermitage | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 1,524 | |||
Initial Cost Buildings and Fixtures | 14,800 | |||
Gross Amount, Land | 1,524 | |||
Gross Amount, Buildings and Fixtures | 23,610 | |||
Total | 25,134 | |||
Accumulated Depreciation | (18,651) | |||
Net | $ 6,483 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Park At Hermitage | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,810 | |||
Wholly Owned Properties - Residential | Venue At Cool Springs | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 6,670 | |||
Gross Amount, Land | 6,670 | |||
Gross Amount, Buildings and Fixtures | 53,880 | |||
Total | 60,550 | |||
Accumulated Depreciation | (13,391) | |||
Net | $ 47,159 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Venue At Cool Springs | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 53,880 | |||
Wholly Owned Properties - Residential | Verandas At Sam Ridley | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 3,350 | |||
Initial Cost Buildings and Fixtures | 28,308 | |||
Gross Amount, Land | 3,350 | |||
Gross Amount, Buildings and Fixtures | 32,758 | |||
Total | 36,108 | |||
Accumulated Depreciation | (12,728) | |||
Net | $ 23,380 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Verandas At Sam Ridley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,450 | |||
Wholly Owned Properties - Residential | Balcones Woods | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 1,598 | |||
Initial Cost Buildings and Fixtures | 14,398 | |||
Gross Amount, Land | 1,598 | |||
Gross Amount, Buildings and Fixtures | 27,746 | |||
Total | 29,344 | |||
Accumulated Depreciation | (17,814) | |||
Net | $ 11,530 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1983 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Balcones Woods | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13,348 | |||
Wholly Owned Properties - Residential | Colonial Grand At Canyon Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,621 | |||
Initial Cost Buildings and Fixtures | 32,137 | |||
Gross Amount, Land | 3,621 | |||
Gross Amount, Buildings and Fixtures | 34,971 | |||
Total | 38,592 | |||
Accumulated Depreciation | (12,289) | |||
Net | $ 26,303 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Canyon Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,834 | |||
Wholly Owned Properties - Residential | Colonial Grand at Canyon Pointe | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,778 | |||
Initial Cost Buildings and Fixtures | 20,201 | |||
Gross Amount, Land | 3,778 | |||
Gross Amount, Buildings and Fixtures | 24,004 | |||
Total | 27,782 | |||
Accumulated Depreciation | (9,105) | |||
Net | $ 18,677 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Canyon Pointe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,803 | |||
Wholly Owned Properties - Residential | Colonial Grand At Double Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,131 | |||
Initial Cost Buildings and Fixtures | 29,375 | |||
Gross Amount, Land | 3,131 | |||
Gross Amount, Buildings and Fixtures | 31,540 | |||
Total | 34,671 | |||
Accumulated Depreciation | (10,964) | |||
Net | $ 23,707 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Double Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,165 | |||
Wholly Owned Properties - Residential | Colonial Grand At Onion Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 4,902 | |||
Initial Cost Buildings and Fixtures | 33,010 | |||
Gross Amount, Land | 4,902 | |||
Gross Amount, Buildings and Fixtures | 36,785 | |||
Total | 41,687 | |||
Accumulated Depreciation | (13,093) | |||
Net | $ 28,594 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Onion Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,775 | |||
Wholly Owned Properties - Residential | Colonial Grand At Wells Branch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,722 | |||
Initial Cost Buildings and Fixtures | 32,283 | |||
Gross Amount, Land | 3,722 | |||
Gross Amount, Buildings and Fixtures | 35,867 | |||
Total | 39,589 | |||
Accumulated Depreciation | (11,797) | |||
Net | $ 27,792 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Wells Branch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,584 | |||
Wholly Owned Properties - Residential | Colonial Village At Quarry Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 4,621 | |||
Initial Cost Buildings and Fixtures | 34,461 | |||
Gross Amount, Land | 4,621 | |||
Gross Amount, Buildings and Fixtures | 48,018 | |||
Total | 52,639 | |||
Accumulated Depreciation | (16,287) | |||
Net | $ 36,352 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Quarry Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13,557 | |||
Wholly Owned Properties - Residential | Grand Reserve At Sunset Valley | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,150 | |||
Initial Cost Buildings and Fixtures | 11,393 | |||
Gross Amount, Land | 3,150 | |||
Gross Amount, Buildings and Fixtures | 17,357 | |||
Total | 20,507 | |||
Accumulated Depreciation | (9,060) | |||
Net | $ 11,447 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | Grand Reserve At Sunset Valley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,964 | |||
Wholly Owned Properties - Residential | Legacy At Western Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 9,100 | |||
Initial Cost Buildings and Fixtures | 49,339 | |||
Gross Amount, Land | 9,100 | |||
Gross Amount, Buildings and Fixtures | 52,924 | |||
Total | 62,024 | |||
Accumulated Depreciation | (17,916) | |||
Net | $ 44,108 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Legacy At Western Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,585 | |||
Wholly Owned Properties - Residential | Post Barton Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 8,683 | |||
Initial Cost Buildings and Fixtures | 21,497 | |||
Gross Amount, Land | 8,683 | |||
Gross Amount, Buildings and Fixtures | 26,051 | |||
Total | 34,734 | |||
Accumulated Depreciation | (5,509) | |||
Net | $ 29,225 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Barton Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,554 | |||
Wholly Owned Properties - Residential | Post Park Mesa | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 4,653 | |||
Initial Cost Buildings and Fixtures | 19,828 | |||
Gross Amount, Land | 4,653 | |||
Gross Amount, Buildings and Fixtures | 21,967 | |||
Total | 26,620 | |||
Accumulated Depreciation | (4,366) | |||
Net | $ 22,254 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Park Mesa | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,139 | |||
Wholly Owned Properties - Residential | Post South Lamar | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 20,542 | |||
Initial Cost Buildings and Fixtures | 74,093 | |||
Gross Amount, Land | 20,542 | |||
Gross Amount, Buildings and Fixtures | 102,849 | |||
Total | 123,391 | |||
Accumulated Depreciation | (18,243) | |||
Net | $ 105,148 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post South Lamar | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Post South Lamar | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | Post South Lamar | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 28,756 | |||
Wholly Owned Properties - Residential | Post West Austin | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 7,805 | |||
Initial Cost Buildings and Fixtures | 48,843 | |||
Gross Amount, Land | 7,805 | |||
Gross Amount, Buildings and Fixtures | 51,564 | |||
Total | 59,369 | |||
Accumulated Depreciation | (12,559) | |||
Net | $ 46,810 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post West Austin | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,721 | |||
Wholly Owned Properties - Residential | Silverado at Brushy Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 2,900 | |||
Initial Cost Buildings and Fixtures | 24,009 | |||
Gross Amount, Land | 2,900 | |||
Gross Amount, Buildings and Fixtures | 29,725 | |||
Total | 32,625 | |||
Accumulated Depreciation | (15,620) | |||
Net | $ 17,005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Silverado at Brushy Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,716 | |||
Wholly Owned Properties - Residential | Sixty 600 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 2,281 | |||
Initial Cost Buildings and Fixtures | 6,169 | |||
Gross Amount, Land | 2,281 | |||
Gross Amount, Buildings and Fixtures | 15,728 | |||
Total | 18,009 | |||
Accumulated Depreciation | (9,965) | |||
Net | $ 8,044 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Sixty 600 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,559 | |||
Wholly Owned Properties - Residential | Stassney Woods | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 1,621 | |||
Initial Cost Buildings and Fixtures | 7,501 | |||
Gross Amount, Land | 1,621 | |||
Gross Amount, Buildings and Fixtures | 16,382 | |||
Total | 18,003 | |||
Accumulated Depreciation | (11,058) | |||
Net | $ 6,945 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Stassney Woods | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,881 | |||
Wholly Owned Properties - Residential | The Woods on Barton Skyway | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 1,405 | |||
Initial Cost Buildings and Fixtures | 12,769 | |||
Gross Amount, Land | 1,405 | |||
Gross Amount, Buildings and Fixtures | 25,627 | |||
Total | 27,032 | |||
Accumulated Depreciation | (13,377) | |||
Net | $ 13,655 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1977 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | The Woods on Barton Skyway | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 12,858 | |||
Wholly Owned Properties - Residential | MAA Shoal Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Bedford, TX | |||
Initial Cost Land | $ 4,982 | |||
Initial Cost Buildings and Fixtures | 27,377 | |||
Gross Amount, Land | 4,982 | |||
Gross Amount, Buildings and Fixtures | 32,739 | |||
Total | 37,721 | |||
Accumulated Depreciation | (12,190) | |||
Net | $ 25,531 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Shoal Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,362 | |||
Wholly Owned Properties - Residential | MAA Willow Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Bedford, TX | |||
Initial Cost Land | $ 3,109 | |||
Initial Cost Buildings and Fixtures | 33,488 | |||
Gross Amount, Land | 3,109 | |||
Gross Amount, Buildings and Fixtures | 43,802 | |||
Total | 46,911 | |||
Accumulated Depreciation | (16,203) | |||
Net | $ 30,708 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Willow Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,314 | |||
Wholly Owned Properties - Residential | MAA Hebron | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Carrollton, TX | |||
Initial Cost Land | $ 4,231 | |||
Initial Cost Buildings and Fixtures | 42,237 | |||
Gross Amount, Land | 4,231 | |||
Gross Amount, Buildings and Fixtures | 44,910 | |||
Total | 49,141 | |||
Accumulated Depreciation | (14,424) | |||
Net | $ 34,717 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Hebron | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,673 | |||
Wholly Owned Properties - Residential | Colonial Grand at Silverado | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cedar Park, TX | |||
Initial Cost Land | $ 3,282 | |||
Initial Cost Buildings and Fixtures | 24,935 | |||
Gross Amount, Land | 3,282 | |||
Gross Amount, Buildings and Fixtures | 27,292 | |||
Total | 30,574 | |||
Accumulated Depreciation | (9,505) | |||
Net | $ 21,069 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Silverado | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,357 | |||
Wholly Owned Properties - Residential | Colonial Grand at Silverado Reserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cedar Park, TX | |||
Initial Cost Land | $ 3,951 | |||
Initial Cost Buildings and Fixtures | 31,705 | |||
Gross Amount, Land | 3,951 | |||
Gross Amount, Buildings and Fixtures | 34,798 | |||
Total | 38,749 | |||
Accumulated Depreciation | (11,946) | |||
Net | $ 26,803 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Silverado Reserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,093 | |||
Wholly Owned Properties - Residential | Grand Cypress | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cypress, TX | |||
Initial Cost Land | $ 3,881 | |||
Initial Cost Buildings and Fixtures | 24,267 | |||
Gross Amount, Land | 3,881 | |||
Gross Amount, Buildings and Fixtures | 28,714 | |||
Total | 32,595 | |||
Accumulated Depreciation | (7,051) | |||
Net | $ 25,544 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Grand Cypress | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,447 | |||
Wholly Owned Properties - Residential | MAA Medical District | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 4,050 | |||
Initial Cost Buildings and Fixtures | 33,779 | |||
Gross Amount, Land | 4,050 | |||
Gross Amount, Buildings and Fixtures | 37,462 | |||
Total | 41,512 | |||
Accumulated Depreciation | (11,481) | |||
Net | $ 30,031 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Medical District | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,683 | |||
Wholly Owned Properties - Residential | MAA Highlands North | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 988 | |||
Initial Cost Buildings and Fixtures | 8,893 | |||
Gross Amount, Land | 988 | |||
Gross Amount, Buildings and Fixtures | 13,475 | |||
Total | 14,463 | |||
Accumulated Depreciation | (9,545) | |||
Net | $ 4,918 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | MAA Highlands North | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,582 | |||
Wholly Owned Properties - Residential | MAA Deer Run | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 1,252 | |||
Initial Cost Buildings and Fixtures | 11,271 | |||
Gross Amount, Land | 1,252 | |||
Gross Amount, Buildings and Fixtures | 16,642 | |||
Total | 17,894 | |||
Accumulated Depreciation | (12,343) | |||
Net | $ 5,551 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | MAA Deer Run | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,371 | |||
Wholly Owned Properties - Residential | MAA Grand Courtyards | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 2,730 | |||
Initial Cost Buildings and Fixtures | 22,240 | |||
Gross Amount, Land | 2,730 | |||
Gross Amount, Buildings and Fixtures | 27,844 | |||
Total | 30,574 | |||
Accumulated Depreciation | (14,215) | |||
Net | $ 16,359 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | MAA Grand Courtyards | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,604 | |||
Wholly Owned Properties - Residential | MAA Lowes Farm | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 5,016 | |||
Initial Cost Buildings and Fixtures | 41,091 | |||
Gross Amount, Land | 5,016 | |||
Gross Amount, Buildings and Fixtures | 45,067 | |||
Total | 50,083 | |||
Accumulated Depreciation | (16,047) | |||
Net | $ 34,036 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | MAA Lowes Farm | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,976 | |||
Wholly Owned Properties - Residential | MAA Frisco Bridges | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 14,845 | |||
Initial Cost Buildings and Fixtures | 66,571 | |||
Gross Amount, Land | 14,845 | |||
Gross Amount, Buildings and Fixtures | 130,998 | |||
Total | 145,843 | |||
Accumulated Depreciation | (24,007) | |||
Net | $ 121,836 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Frisco Bridges | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | MAA Frisco Bridges | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Frisco Bridges | Phase III [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2021 | |||
Wholly Owned Properties - Residential | MAA Frisco Bridges | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 64,427 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 34,765 | |||
Initial Cost Buildings and Fixtures | 40,127 | |||
Gross Amount, Land | 34,765 | |||
Gross Amount, Buildings and Fixtures | 50,278 | |||
Total | 85,043 | |||
Accumulated Depreciation | (10,590) | |||
Net | $ 74,453 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,151 | |||
Wholly Owned Properties - Residential | MAA Worthington | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 13,713 | |||
Initial Cost Buildings and Fixtures | 43,268 | |||
Gross Amount, Land | 13,713 | |||
Gross Amount, Buildings and Fixtures | 51,729 | |||
Total | 65,442 | |||
Accumulated Depreciation | (9,534) | |||
Net | $ 55,908 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Worthington | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
Wholly Owned Properties - Residential | MAA Worthington | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | MAA Worthington | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,461 | |||
Wholly Owned Properties - Residential | MAA Abbey | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 2,711 | |||
Initial Cost Buildings and Fixtures | 4,369 | |||
Gross Amount, Land | 2,711 | |||
Gross Amount, Buildings and Fixtures | 5,074 | |||
Total | 7,785 | |||
Accumulated Depreciation | (1,056) | |||
Net | $ 6,729 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Abbey | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 705 | |||
Wholly Owned Properties - Residential | MAA Addison Circle | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 12,308 | |||
Initial Cost Buildings and Fixtures | 189,419 | |||
Gross Amount, Land | 12,308 | |||
Gross Amount, Buildings and Fixtures | 213,929 | |||
Total | 226,237 | |||
Accumulated Depreciation | (42,860) | |||
Net | $ 183,377 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Addison Circle | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | MAA Addison Circle | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Wholly Owned Properties - Residential | MAA Addison Circle | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 24,510 | |||
Wholly Owned Properties - Residential | MAA North Hall | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 13,030 | |||
Initial Cost Buildings and Fixtures | 14,383 | |||
Gross Amount, Land | 13,030 | |||
Gross Amount, Buildings and Fixtures | 17,984 | |||
Total | 31,014 | |||
Accumulated Depreciation | (4,348) | |||
Net | $ 26,666 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA North Hall | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,601 | |||
Wholly Owned Properties - Residential | MAA Eastside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 7,134 | |||
Initial Cost Buildings and Fixtures | 58,095 | |||
Gross Amount, Land | 7,134 | |||
Gross Amount, Buildings and Fixtures | 62,634 | |||
Total | 69,768 | |||
Accumulated Depreciation | (13,489) | |||
Net | $ 56,279 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Eastside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,539 | |||
Wholly Owned Properties - Residential | MAA Gallery | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 4,391 | |||
Initial Cost Buildings and Fixtures | 7,910 | |||
Gross Amount, Land | 4,391 | |||
Gross Amount, Buildings and Fixtures | 9,230 | |||
Total | 13,621 | |||
Accumulated Depreciation | (2,380) | |||
Net | $ 11,241 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Gallery | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,320 | |||
Wholly Owned Properties - Residential | MAA Heights | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 26,245 | |||
Initial Cost Buildings and Fixtures | 37,922 | |||
Gross Amount, Land | 26,245 | |||
Gross Amount, Buildings and Fixtures | 41,274 | |||
Total | 67,519 | |||
Accumulated Depreciation | (9,058) | |||
Net | $ 58,461 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Heights | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | MAA Heights | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
Wholly Owned Properties - Residential | MAA Heights | Phase III [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | MAA Heights | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,352 | |||
Wholly Owned Properties - Residential | MAA Katy Trail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 10,333 | |||
Initial Cost Buildings and Fixtures | 32,456 | |||
Gross Amount, Land | 10,333 | |||
Gross Amount, Buildings and Fixtures | 34,388 | |||
Total | 44,721 | |||
Accumulated Depreciation | (6,491) | |||
Net | $ 38,230 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Katy Trail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,932 | |||
Wholly Owned Properties - Residential | MAA Legacy | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 6,575 | |||
Initial Cost Buildings and Fixtures | 55,277 | |||
Gross Amount, Land | 6,575 | |||
Gross Amount, Buildings and Fixtures | 61,184 | |||
Total | 67,759 | |||
Accumulated Depreciation | (12,428) | |||
Net | $ 55,331 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Legacy | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,907 | |||
Wholly Owned Properties - Residential | MAA Meridian | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 8,780 | |||
Initial Cost Buildings and Fixtures | 13,654 | |||
Gross Amount, Land | 8,780 | |||
Gross Amount, Buildings and Fixtures | 14,699 | |||
Total | 23,479 | |||
Accumulated Depreciation | (3,331) | |||
Net | $ 20,148 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1991 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Meridian | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,045 | |||
Wholly Owned Properties - Residential | MAA Uptown Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 34,974 | |||
Initial Cost Buildings and Fixtures | 33,213 | |||
Gross Amount, Land | 34,974 | |||
Gross Amount, Buildings and Fixtures | 41,414 | |||
Total | 76,388 | |||
Accumulated Depreciation | (9,345) | |||
Net | $ 67,043 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Uptown Village | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | MAA Uptown Village | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Wholly Owned Properties - Residential | MAA Uptown Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,201 | |||
Wholly Owned Properties - Residential | MAA watermark | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 960 | |||
Initial Cost Buildings and Fixtures | 14,438 | |||
Gross Amount, Land | 960 | |||
Gross Amount, Buildings and Fixtures | 18,847 | |||
Total | 19,807 | |||
Accumulated Depreciation | (10,354) | |||
Net | $ 9,453 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | MAA watermark | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,409 | |||
Wholly Owned Properties - Residential | MAA Bear Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Euless, TX | |||
Initial Cost Land | $ 6,453 | |||
Initial Cost Buildings and Fixtures | 30,048 | |||
Gross Amount, Land | 6,453 | |||
Gross Amount, Buildings and Fixtures | 34,542 | |||
Total | 40,995 | |||
Accumulated Depreciation | (13,236) | |||
Net | $ 27,759 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Bear Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,494 | |||
Wholly Owned Properties - Residential | MAA Fairview | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fairview, TX | |||
Initial Cost Land | $ 2,171 | |||
Initial Cost Buildings and Fixtures | 35,077 | |||
Gross Amount, Land | 2,171 | |||
Gross Amount, Buildings and Fixtures | 36,899 | |||
Total | 39,070 | |||
Accumulated Depreciation | (11,685) | |||
Net | $ 27,385 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Fairview | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,822 | |||
Wholly Owned Properties - Residential | MAA Starwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Frisco, TX | |||
Initial Cost Land | $ 3,240 | |||
Initial Cost Buildings and Fixtures | 26,069 | |||
Gross Amount, Land | 3,240 | |||
Gross Amount, Buildings and Fixtures | 28,864 | |||
Total | 32,104 | |||
Accumulated Depreciation | (11,239) | |||
Net | $ 20,865 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | MAA Starwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,795 | |||
Wholly Owned Properties - Residential | MAA Grapevine | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Grapevine, TX | |||
Initial Cost Land | $ 2,351 | |||
Initial Cost Buildings and Fixtures | 29,757 | |||
Gross Amount, Land | 2,351 | |||
Gross Amount, Buildings and Fixtures | 37,969 | |||
Total | 40,320 | |||
Accumulated Depreciation | (13,295) | |||
Net | $ 27,025 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Grapevine | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
Wholly Owned Properties - Residential | MAA Grapevine | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
Wholly Owned Properties - Residential | MAA Grapevine | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,212 | |||
Wholly Owned Properties - Residential | Greenwood Forest | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 3,465 | |||
Initial Cost Buildings and Fixtures | 23,482 | |||
Gross Amount, Land | 3,465 | |||
Gross Amount, Buildings and Fixtures | 25,934 | |||
Total | 29,399 | |||
Accumulated Depreciation | (7,829) | |||
Net | $ 21,570 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Greenwood Forest | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,452 | |||
Wholly Owned Properties - Residential | Legacy Pines | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 2,142 | |||
Initial Cost Buildings and Fixtures | 19,066 | |||
Gross Amount, Land | 2,142 | |||
Gross Amount, Buildings and Fixtures | 23,445 | |||
Total | 25,587 | |||
Accumulated Depreciation | (14,293) | |||
Net | $ 11,294 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2003 | |||
Wholly Owned Properties - Residential | Legacy Pines | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,379 | |||
Wholly Owned Properties - Residential | Park Place Houston | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 2,061 | |||
Initial Cost Buildings and Fixtures | 15,830 | |||
Gross Amount, Land | 2,061 | |||
Gross Amount, Buildings and Fixtures | 19,613 | |||
Total | 21,674 | |||
Accumulated Depreciation | (9,779) | |||
Net | $ 11,895 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2007 | |||
Wholly Owned Properties - Residential | Park Place Houston | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,783 | |||
Wholly Owned Properties - Residential | Post 510 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 7,226 | |||
Initial Cost Buildings and Fixtures | 33,366 | |||
Gross Amount, Land | 7,226 | |||
Gross Amount, Buildings and Fixtures | 35,149 | |||
Total | 42,375 | |||
Accumulated Depreciation | (7,919) | |||
Net | $ 34,456 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post 510 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,783 | |||
Wholly Owned Properties - Residential | Post at Afton Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 11,503 | |||
Initial Cost Buildings and Fixtures | 65,469 | |||
Gross Amount, Land | 11,503 | |||
Gross Amount, Buildings and Fixtures | 69,803 | |||
Total | 81,306 | |||
Accumulated Depreciation | (18,246) | |||
Net | $ 63,060 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post at Afton Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,334 | |||
Wholly Owned Properties - Residential | Post Midtown Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 19,038 | |||
Initial Cost Buildings and Fixtures | 89,570 | |||
Gross Amount, Land | 19,038 | |||
Gross Amount, Buildings and Fixtures | 96,561 | |||
Total | 115,599 | |||
Accumulated Depreciation | (20,546) | |||
Net | $ 95,053 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Midtown Square | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
Wholly Owned Properties - Residential | Post Midtown Square | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Post Midtown Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,991 | |||
Wholly Owned Properties - Residential | Ranchstone | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 1,480 | |||
Initial Cost Buildings and Fixtures | 14,807 | |||
Gross Amount, Land | 1,480 | |||
Gross Amount, Buildings and Fixtures | 18,606 | |||
Total | 20,086 | |||
Accumulated Depreciation | (9,084) | |||
Net | $ 11,002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2007 | |||
Wholly Owned Properties - Residential | Ranchstone | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,799 | |||
Wholly Owned Properties - Residential | Reserve at Woodwind Lakes | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 1,968 | |||
Initial Cost Buildings and Fixtures | 19,928 | |||
Gross Amount, Land | 1,968 | |||
Gross Amount, Buildings and Fixtures | 25,279 | |||
Total | 27,247 | |||
Accumulated Depreciation | (12,905) | |||
Net | $ 14,342 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Reserve at Woodwind Lakes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,351 | |||
Wholly Owned Properties - Residential | Retreat at Vintage Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 8,211 | |||
Initial Cost Buildings and Fixtures | 40,352 | |||
Gross Amount, Land | 8,211 | |||
Gross Amount, Buildings and Fixtures | 42,470 | |||
Total | 50,681 | |||
Accumulated Depreciation | (8,011) | |||
Net | $ 42,670 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | Retreat at Vintage Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,118 | |||
Wholly Owned Properties - Residential | Yale at 6th | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 13,107 | |||
Initial Cost Buildings and Fixtures | 62,764 | |||
Gross Amount, Land | 13,107 | |||
Gross Amount, Buildings and Fixtures | 65,452 | |||
Total | 78,559 | |||
Accumulated Depreciation | (10,337) | |||
Net | $ 68,222 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Yale at 6th | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,688 | |||
Wholly Owned Properties - Residential | Cascade at Fall Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Humble, TX | |||
Initial Cost Land | $ 5,985 | |||
Initial Cost Buildings and Fixtures | 40,011 | |||
Gross Amount, Land | 5,985 | |||
Gross Amount, Buildings and Fixtures | 44,554 | |||
Total | 50,539 | |||
Accumulated Depreciation | (20,927) | |||
Net | $ 29,612 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2007 | |||
Wholly Owned Properties - Residential | Cascade at Fall Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,543 | |||
Wholly Owned Properties - Residential | MAA Bella Casita | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 2,521 | |||
Initial Cost Buildings and Fixtures | 26,432 | |||
Gross Amount, Land | 2,521 | |||
Gross Amount, Buildings and Fixtures | 32,273 | |||
Total | 34,794 | |||
Accumulated Depreciation | (11,516) | |||
Net | $ 23,278 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | MAA Bella Casita | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,841 | |||
Wholly Owned Properties - Residential | MAA Valley Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 5,072 | |||
Initial Cost Buildings and Fixtures | 37,397 | |||
Gross Amount, Land | 5,072 | |||
Gross Amount, Buildings and Fixtures | 51,956 | |||
Total | 57,028 | |||
Accumulated Depreciation | (20,326) | |||
Net | $ 36,702 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Valley Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 14,559 | |||
Wholly Owned Properties - Residential | MAA Las Colinas | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 3,902 | |||
Initial Cost Buildings and Fixtures | 40,691 | |||
Gross Amount, Land | 3,902 | |||
Gross Amount, Buildings and Fixtures | 44,001 | |||
Total | 47,903 | |||
Accumulated Depreciation | (13,519) | |||
Net | $ 34,384 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Las Colinas | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,310 | |||
Wholly Owned Properties - Residential | MAA Remington Hills | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 4,390 | |||
Initial Cost Buildings and Fixtures | 21,822 | |||
Gross Amount, Land | 4,390 | |||
Gross Amount, Buildings and Fixtures | 35,506 | |||
Total | 39,896 | |||
Accumulated Depreciation | (12,627) | |||
Net | $ 27,269 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Remington Hills | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13,684 | |||
Wholly Owned Properties - Residential | MAA Oakbend | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lewisville, TX | |||
Initial Cost Land | $ 5,598 | |||
Initial Cost Buildings and Fixtures | 28,616 | |||
Gross Amount, Land | 5,598 | |||
Gross Amount, Buildings and Fixtures | 35,697 | |||
Total | 41,295 | |||
Accumulated Depreciation | (12,740) | |||
Net | $ 28,555 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Oakbend | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,081 | |||
Wholly Owned Properties - Residential | MAA Times Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | McKinney, TX | |||
Initial Cost Land | $ 1,130 | |||
Initial Cost Buildings and Fixtures | 28,058 | |||
Gross Amount, Land | 1,130 | |||
Gross Amount, Buildings and Fixtures | 34,423 | |||
Total | 35,553 | |||
Accumulated Depreciation | (13,626) | |||
Net | $ 21,927 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | MAA Times Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,365 | |||
Wholly Owned Properties - Residential | MAA Stonebridge Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | McKinney, TX | |||
Initial Cost Land | $ 4,034 | |||
Initial Cost Buildings and Fixtures | 19,528 | |||
Gross Amount, Land | 4,034 | |||
Gross Amount, Buildings and Fixtures | 22,850 | |||
Total | 26,884 | |||
Accumulated Depreciation | (6,502) | |||
Net | $ 20,382 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Stonebridge Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,322 | |||
Wholly Owned Properties - Residential | MAA Market Center | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Plano, TX | |||
Initial Cost Land | $ 16,894 | |||
Initial Cost Buildings and Fixtures | 110,705 | |||
Gross Amount, Land | 16,894 | |||
Gross Amount, Buildings and Fixtures | 115,882 | |||
Total | 132,776 | |||
Accumulated Depreciation | (21,161) | |||
Net | $ 111,615 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | MAA Market Center | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Market Center | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | MAA Market Center | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,177 | |||
Wholly Owned Properties - Residential | MAA Highwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Plano, TX | |||
Initial Cost Land | $ 864 | |||
Initial Cost Buildings and Fixtures | 7,783 | |||
Gross Amount, Land | 864 | |||
Gross Amount, Buildings and Fixtures | 11,733 | |||
Total | 12,597 | |||
Accumulated Depreciation | (8,329) | |||
Net | $ 4,268 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1983 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | MAA Highwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,950 | |||
Wholly Owned Properties - Residential | MAA Los Rios | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Plano, TX | |||
Initial Cost Land | $ 3,273 | |||
Initial Cost Buildings and Fixtures | 28,823 | |||
Gross Amount, Land | 3,273 | |||
Gross Amount, Buildings and Fixtures | 36,364 | |||
Total | 39,637 | |||
Accumulated Depreciation | (21,553) | |||
Net | $ 18,084 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2003 | |||
Wholly Owned Properties - Residential | MAA Los Rios | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,541 | |||
Wholly Owned Properties - Residential | MAA Boulder Ridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Roanoke, TX | |||
Initial Cost Land | $ 3,382 | |||
Initial Cost Buildings and Fixtures | 26,930 | |||
Gross Amount, Land | 3,382 | |||
Gross Amount, Buildings and Fixtures | 34,710 | |||
Total | 38,092 | |||
Accumulated Depreciation | (18,764) | |||
Net | $ 19,328 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2005 | |||
Wholly Owned Properties - Residential | MAA Boulder Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,780 | |||
Wholly Owned Properties - Residential | MAA Copper Ridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Roanoke, TX | |||
Initial Cost Land | $ 4,166 | |||
Initial Cost Buildings and Fixtures | ||||
Gross Amount, Land | 4,166 | |||
Gross Amount, Buildings and Fixtures | 48,086 | |||
Total | 52,252 | |||
Accumulated Depreciation | (10,162) | |||
Net | $ 42,090 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | MAA Copper Ridge | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | MAA Copper Ridge | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2020 | |||
Wholly Owned Properties - Residential | MAA Copper Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 48,086 | |||
Wholly Owned Properties - Residential | Colonial Grand at Ashton Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Round Rock, TX | |||
Initial Cost Land | $ 5,511 | |||
Initial Cost Buildings and Fixtures | 36,241 | |||
Gross Amount, Land | 5,511 | |||
Gross Amount, Buildings and Fixtures | 40,061 | |||
Total | 45,572 | |||
Accumulated Depreciation | (13,914) | |||
Net | $ 31,658 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Ashton Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,820 | |||
Wholly Owned Properties - Residential | Colonial Grand at Round Rock | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Round Rock, TX | |||
Initial Cost Land | $ 4,691 | |||
Initial Cost Buildings and Fixtures | 45,379 | |||
Gross Amount, Land | 4,691 | |||
Gross Amount, Buildings and Fixtures | 49,031 | |||
Total | 53,722 | |||
Accumulated Depreciation | (16,773) | |||
Net | $ 36,949 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Round Rock | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,652 | |||
Wholly Owned Properties - Residential | Colonial Village at Sierra Vista | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Round Rock, TX | |||
Initial Cost Land | $ 2,561 | |||
Initial Cost Buildings and Fixtures | 16,488 | |||
Gross Amount, Land | 2,561 | |||
Gross Amount, Buildings and Fixtures | 21,365 | |||
Total | 23,926 | |||
Accumulated Depreciation | (8,291) | |||
Net | $ 15,635 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Sierra Vista | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,877 | |||
Wholly Owned Properties - Residential | Alamo Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | San Antonio, TX | |||
Initial Cost Land | $ 2,380 | |||
Initial Cost Buildings and Fixtures | 26,982 | |||
Gross Amount, Land | 2,380 | |||
Gross Amount, Buildings and Fixtures | 30,716 | |||
Total | 33,096 | |||
Accumulated Depreciation | (11,860) | |||
Net | $ 21,236 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Alamo Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,734 | |||
Wholly Owned Properties - Residential | Bulverde Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | San Antonio, TX | |||
Initial Cost Land | $ 4,257 | |||
Initial Cost Buildings and Fixtures | 36,759 | |||
Gross Amount, Land | 4,257 | |||
Gross Amount, Buildings and Fixtures | 39,235 | |||
Total | 43,492 | |||
Accumulated Depreciation | (7,677) | |||
Net | $ 35,815 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | Bulverde Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,476 | |||
Wholly Owned Properties - Residential | Haven at Blanco | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | San Antonio, TX | |||
Initial Cost Land | $ 5,411 | |||
Initial Cost Buildings and Fixtures | 45,958 | |||
Gross Amount, Land | 5,411 | |||
Gross Amount, Buildings and Fixtures | 50,517 | |||
Total | 55,928 | |||
Accumulated Depreciation | (16,680) | |||
Net | $ 39,248 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | Haven at Blanco | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,559 | |||
Wholly Owned Properties - Residential | Stone Ranch at Westover Hills | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | San Antonio, TX | |||
Initial Cost Land | $ 4,000 | |||
Initial Cost Buildings and Fixtures | 24,992 | |||
Gross Amount, Land | 4,000 | |||
Gross Amount, Buildings and Fixtures | 28,699 | |||
Total | 32,699 | |||
Accumulated Depreciation | (12,093) | |||
Net | $ 20,606 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Stone Ranch at Westover Hills | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,707 | |||
Wholly Owned Properties - Residential | Cypresswood Court | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Spring, TX | |||
Initial Cost Land | $ 576 | |||
Initial Cost Buildings and Fixtures | 5,190 | |||
Gross Amount, Land | 576 | |||
Gross Amount, Buildings and Fixtures | 10,395 | |||
Total | 10,971 | |||
Accumulated Depreciation | (6,637) | |||
Net | $ 4,334 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Cypresswood Court | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,205 | |||
Wholly Owned Properties - Residential | Villages at Kirkwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Stafford, TX | |||
Initial Cost Land | $ 1,918 | |||
Initial Cost Buildings and Fixtures | 15,846 | |||
Gross Amount, Land | 1,918 | |||
Gross Amount, Buildings and Fixtures | 19,629 | |||
Total | 21,547 | |||
Accumulated Depreciation | (11,038) | |||
Net | $ 10,509 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | Villages at Kirkwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,783 | |||
Wholly Owned Properties - Residential | Green Tree Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Woodlands, TX | |||
Initial Cost Land | $ 539 | |||
Initial Cost Buildings and Fixtures | 4,850 | |||
Gross Amount, Land | 539 | |||
Gross Amount, Buildings and Fixtures | 8,887 | |||
Total | 9,426 | |||
Accumulated Depreciation | (6,767) | |||
Net | $ 2,659 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Green Tree Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,037 | |||
Wholly Owned Properties - Residential | Stonefield Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlottesville, VA | |||
Initial Cost Land | $ 11,044 | |||
Initial Cost Buildings and Fixtures | 36,689 | |||
Gross Amount, Land | 11,044 | |||
Gross Amount, Buildings and Fixtures | 38,710 | |||
Total | 49,754 | |||
Accumulated Depreciation | (7,813) | |||
Net | $ 41,941 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | Stonefield Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,021 | |||
Wholly Owned Properties - Residential | Adalay Bay | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chesapeake, VA | |||
Initial Cost Land | $ 5,280 | |||
Initial Cost Buildings and Fixtures | 31,341 | |||
Gross Amount, Land | 5,280 | |||
Gross Amount, Buildings and Fixtures | 35,418 | |||
Total | 40,698 | |||
Accumulated Depreciation | (12,545) | |||
Net | $ 28,153 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | Adalay Bay | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,077 | |||
Wholly Owned Properties - Residential | Apartments at Cobblestone Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fredericksburg, VA | |||
Initial Cost Land | $ 10,990 | |||
Initial Cost Buildings and Fixtures | 48,696 | |||
Gross Amount, Land | 10,990 | |||
Gross Amount, Buildings and Fixtures | 52,590 | |||
Total | 63,580 | |||
Accumulated Depreciation | (11,512) | |||
Net | $ 52,068 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Apartments at Cobblestone Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,894 | |||
Wholly Owned Properties - Residential | Colonial Village at Greenbrier | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fredericksburg, VA | |||
Initial Cost Land | $ 4,842 | |||
Initial Cost Buildings and Fixtures | 21,677 | |||
Gross Amount, Land | 4,842 | |||
Gross Amount, Buildings and Fixtures | 25,440 | |||
Total | 30,282 | |||
Accumulated Depreciation | (8,048) | |||
Net | $ 22,234 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1980 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Greenbrier | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,763 | |||
Wholly Owned Properties - Residential | Seasons at Celebrate Virginia | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fredericksburg, VA | |||
Initial Cost Land | $ 14,490 | |||
Initial Cost Buildings and Fixtures | 32,083 | |||
Gross Amount, Land | 14,490 | |||
Gross Amount, Buildings and Fixtures | 73,686 | |||
Total | 88,176 | |||
Accumulated Depreciation | (20,119) | |||
Net | $ 68,057 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Seasons at Celebrate Virginia | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 41,603 | |||
Wholly Owned Properties - Residential | Station Square at Cosner's Corner | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fredericksburg, VA | |||
Initial Cost Land | $ 12,825 | |||
Initial Cost Buildings and Fixtures | 51,078 | |||
Gross Amount, Land | 12,825 | |||
Gross Amount, Buildings and Fixtures | 53,792 | |||
Total | 66,617 | |||
Accumulated Depreciation | (10,900) | |||
Net | $ 55,717 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Station Square at Cosner's Corner | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Station Square at Cosner's Corner | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Station Square at Cosner's Corner | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,714 | |||
Wholly Owned Properties - Residential | Colonial Village at Hampton Glen | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Glen Allen, VA | |||
Initial Cost Land | $ 4,851 | |||
Initial Cost Buildings and Fixtures | 21,678 | |||
Gross Amount, Land | 4,851 | |||
Gross Amount, Buildings and Fixtures | 26,002 | |||
Total | 30,853 | |||
Accumulated Depreciation | (9,109) | |||
Net | $ 21,744 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Hampton Glen | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,324 | |||
Wholly Owned Properties - Residential | Colonial Village At West End | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Glen Allen, VA | |||
Initial Cost Land | $ 4,661 | |||
Initial Cost Buildings and Fixtures | 18,908 | |||
Gross Amount, Land | 4,661 | |||
Gross Amount, Buildings and Fixtures | 22,386 | |||
Total | 27,047 | |||
Accumulated Depreciation | (7,855) | |||
Net | $ 19,192 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At West End | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,478 | |||
Wholly Owned Properties - Residential | Township | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Hampton, VA | |||
Initial Cost Land | $ 1,509 | |||
Initial Cost Buildings and Fixtures | 8,189 | |||
Gross Amount, Land | 1,509 | |||
Gross Amount, Buildings and Fixtures | 17,161 | |||
Total | 18,670 | |||
Accumulated Depreciation | (12,521) | |||
Net | $ 6,149 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Township | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,972 | |||
Wholly Owned Properties - Residential | Colonial Village At Waterford | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Midlothian, VA | |||
Initial Cost Land | $ 6,733 | |||
Initial Cost Buildings and Fixtures | 29,221 | |||
Gross Amount, Land | 6,733 | |||
Gross Amount, Buildings and Fixtures | 35,414 | |||
Total | 42,147 | |||
Accumulated Depreciation | (12,905) | |||
Net | $ 29,242 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Waterford | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,193 | |||
Wholly Owned Properties - Residential | Radius | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Newport News, VA | |||
Initial Cost Land | $ 5,040 | |||
Initial Cost Buildings and Fixtures | 36,481 | |||
Gross Amount, Land | 5,040 | |||
Gross Amount, Buildings and Fixtures | 40,759 | |||
Total | 45,799 | |||
Accumulated Depreciation | (7,742) | |||
Net | $ 38,057 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Radius | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,278 | |||
Wholly Owned Properties - Residential | Ashley Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 4,761 | |||
Initial Cost Buildings and Fixtures | 13,365 | |||
Gross Amount, Land | 4,761 | |||
Gross Amount, Buildings and Fixtures | 17,019 | |||
Total | 21,780 | |||
Accumulated Depreciation | (6,640) | |||
Net | $ 15,140 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1988 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Ashley Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,654 | |||
Wholly Owned Properties - Residential | Colonial Village At Chase Gayton | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 6,021 | |||
Initial Cost Buildings and Fixtures | 29,004 | |||
Gross Amount, Land | 6,021 | |||
Gross Amount, Buildings and Fixtures | 33,714 | |||
Total | 39,735 | |||
Accumulated Depreciation | (12,123) | |||
Net | $ 27,612 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Chase Gayton | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,710 | |||
Wholly Owned Properties - Residential | Hamptons At Hunton Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 4,930 | |||
Initial Cost Buildings and Fixtures | 35,598 | |||
Gross Amount, Land | 4,930 | |||
Gross Amount, Buildings and Fixtures | 42,191 | |||
Total | 47,121 | |||
Accumulated Depreciation | (15,221) | |||
Net | $ 31,900 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Hamptons At Hunton Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,593 | |||
Wholly Owned Properties - Residential | Retreat At West Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 10,112 | |||
Initial Cost Buildings and Fixtures | 36,136 | |||
Gross Amount, Land | 10,112 | |||
Gross Amount, Buildings and Fixtures | 51,622 | |||
Total | 61,734 | |||
Accumulated Depreciation | (8,574) | |||
Net | $ 53,160 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Retreat At West Creek | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Retreat At West Creek | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | Retreat At West Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 15,486 | |||
Wholly Owned Properties - Residential | Post Carlyle Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 29,728 | |||
Initial Cost Buildings and Fixtures | 154,309 | |||
Gross Amount, Land | 29,728 | |||
Gross Amount, Buildings and Fixtures | 159,289 | |||
Total | 189,017 | |||
Accumulated Depreciation | (30,892) | |||
Net | $ 158,125 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Carlyle Square | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Post Carlyle Square | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Post Carlyle Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,980 | |||
Wholly Owned Properties - Residential | Post Corners At Trinity Center | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 7,664 | |||
Initial Cost Buildings and Fixtures | 70,012 | |||
Gross Amount, Land | 7,664 | |||
Gross Amount, Buildings and Fixtures | 73,181 | |||
Total | 80,845 | |||
Accumulated Depreciation | (14,370) | |||
Net | $ 66,475 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Corners At Trinity Center | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,169 | |||
Wholly Owned Properties - Residential | Post Fallsgrove | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 17,524 | |||
Initial Cost Buildings and Fixtures | 58,896 | |||
Gross Amount, Land | 17,524 | |||
Gross Amount, Buildings and Fixtures | 63,750 | |||
Total | 81,274 | |||
Accumulated Depreciation | (13,064) | |||
Net | $ 68,210 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Fallsgrove | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,854 | |||
Wholly Owned Properties - Residential | Post Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 5,355 | |||
Initial Cost Buildings and Fixtures | 79,842 | |||
Gross Amount, Land | 5,355 | |||
Gross Amount, Buildings and Fixtures | 83,608 | |||
Total | 88,963 | |||
Accumulated Depreciation | (20,986) | |||
Net | $ 67,977 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,766 | |||
Wholly Owned Properties - Residential | MAA National Landing | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 30,452 | |||
Initial Cost Buildings and Fixtures | 125,091 | |||
Gross Amount, Land | 30,452 | |||
Gross Amount, Buildings and Fixtures | 143,192 | |||
Total | 173,644 | |||
Accumulated Depreciation | (27,722) | |||
Net | $ 145,922 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA National Landing | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 18,101 | |||
Wholly Owned Properties - Residential | Post Tysons Corner | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 30,776 | |||
Initial Cost Buildings and Fixtures | 82,021 | |||
Gross Amount, Land | 30,776 | |||
Gross Amount, Buildings and Fixtures | 89,701 | |||
Total | 120,477 | |||
Accumulated Depreciation | (17,325) | |||
Net | $ 103,152 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1990 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Tysons Corner | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,680 | |||
Wholly Owned Properties - Residential | M A A Robinson | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 6,003 | |||
Initial Cost Buildings and Fixtures | ||||
Gross Amount, Land | 6,003 | |||
Gross Amount, Buildings and Fixtures | 91,062 | |||
Total | 97,065 | |||
Accumulated Depreciation | (1,887) | |||
Net | $ 95,178 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2021 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Wholly Owned Properties - Residential | M A A Robinson | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 91,062 | |||
Retail Properties | Colonial Promenade at Huntsville Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntsville, AL | |||
Initial Cost Land | $ 355 | |||
Gross Amount, Land | 355 | |||
Total | 355 | |||
Net | $ 355 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Retail Properties | 220 Riverside Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 119 | |||
Initial Cost Buildings and Fixtures | 2,902 | |||
Gross Amount, Land | 119 | |||
Gross Amount, Buildings and Fixtures | 3,603 | |||
Total | 3,722 | |||
Accumulated Depreciation | (277) | |||
Net | $ 3,445 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Retail Properties | 220 Riverside Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 701 | |||
Retail Properties | MAA Parkside Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 742 | |||
Initial Cost Buildings and Fixtures | 11,924 | |||
Gross Amount, Land | 742 | |||
Gross Amount, Buildings and Fixtures | 13,241 | |||
Total | 13,983 | |||
Accumulated Depreciation | (2,645) | |||
Net | $ 11,338 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Parkside Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,317 | |||
Retail Properties | Post Harbour Place Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 386 | |||
Initial Cost Buildings and Fixtures | 4,315 | |||
Gross Amount, Land | 386 | |||
Gross Amount, Buildings and Fixtures | 4,666 | |||
Total | 5,052 | |||
Accumulated Depreciation | (897) | |||
Net | $ 4,155 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Harbour Place Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 351 | |||
Retail Properties | Post Rocky Point Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 34 | |||
Initial Cost Buildings and Fixtures | 51 | |||
Gross Amount, Land | 34 | |||
Gross Amount, Buildings and Fixtures | 454 | |||
Total | 488 | |||
Accumulated Depreciation | (200) | |||
Net | $ 288 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Rocky Point Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Retail Properties | Post Rocky Point Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Retail Properties | Post Rocky Point Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 403 | |||
Retail Properties | Post Soho Square Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 268 | |||
Initial Cost Buildings and Fixtures | 4,033 | |||
Gross Amount, Land | 268 | |||
Gross Amount, Buildings and Fixtures | 4,047 | |||
Total | 4,315 | |||
Accumulated Depreciation | (1,113) | |||
Net | $ 3,202 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Soho Square Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 14 | |||
Retail Properties | M A A Buckhead Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 867 | |||
Initial Cost Buildings and Fixtures | 3,465 | |||
Gross Amount, Land | 867 | |||
Gross Amount, Buildings and Fixtures | 4,442 | |||
Total | 5,309 | |||
Accumulated Depreciation | (1,246) | |||
Net | $ 4,063 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Retail Properties | M A A Buckhead Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 977 | |||
Retail Properties | M A A Piedmont Park Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 426 | |||
Initial Cost Buildings and Fixtures | 1,089 | |||
Gross Amount, Land | 426 | |||
Gross Amount, Buildings and Fixtures | 1,111 | |||
Total | 1,537 | |||
Accumulated Depreciation | (237) | |||
Net | $ 1,300 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Piedmont Park Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 22 | |||
Retail Properties | M A A Riverside Office | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 9,680 | |||
Initial Cost Buildings and Fixtures | 22,108 | |||
Gross Amount, Land | 9,680 | |||
Gross Amount, Buildings and Fixtures | 32,273 | |||
Total | 41,953 | |||
Accumulated Depreciation | (7,611) | |||
Net | $ 34,342 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Riverside Office | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,165 | |||
Retail Properties | M A A Riverside Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 889 | |||
Initial Cost Buildings and Fixtures | 2,340 | |||
Gross Amount, Land | 889 | |||
Gross Amount, Buildings and Fixtures | 4,949 | |||
Total | 5,838 | |||
Accumulated Depreciation | (892) | |||
Net | $ 4,946 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Riverside Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,609 | |||
Retail Properties | Post Training Facility | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 1,092 | |||
Initial Cost Buildings and Fixtures | 968 | |||
Gross Amount, Land | 1,092 | |||
Gross Amount, Buildings and Fixtures | 1,001 | |||
Total | 2,093 | |||
Accumulated Depreciation | (406) | |||
Net | $ 1,687 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Training Facility | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 33 | |||
Retail Properties | M A A West Village Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Smyrna, GA | |||
Initial Cost Land | $ 3,408 | |||
Initial Cost Buildings and Fixtures | 8,446 | |||
Gross Amount, Land | 3,408 | |||
Gross Amount, Buildings and Fixtures | 10,075 | |||
Total | 13,483 | |||
Accumulated Depreciation | (2,485) | |||
Net | $ 10,998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Retail Properties | M A A West Village Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,629 | |||
Retail Properties | The Denson Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kansas City, MO | |||
Initial Cost Land | $ 700 | |||
Initial Cost Buildings and Fixtures | 4,439 | |||
Gross Amount, Land | 700 | |||
Gross Amount, Buildings and Fixtures | 5,186 | |||
Total | 5,886 | |||
Accumulated Depreciation | (1,018) | |||
Net | $ 4,868 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Retail Properties | The Denson Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 747 | |||
Retail Properties | M A A1225 Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 52 | |||
Initial Cost Buildings and Fixtures | 199 | |||
Gross Amount, Land | 52 | |||
Gross Amount, Buildings and Fixtures | 448 | |||
Total | 500 | |||
Accumulated Depreciation | (174) | |||
Net | $ 326 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Retail Properties | M A A1225 Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 249 | |||
Retail Properties | M A A Gateway Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 318 | |||
Initial Cost Buildings and Fixtures | 1,430 | |||
Gross Amount, Land | 318 | |||
Gross Amount, Buildings and Fixtures | 1,443 | |||
Total | 1,761 | |||
Accumulated Depreciation | (321) | |||
Net | $ 1,440 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Gateway Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13 | |||
Retail Properties | M A A South Line Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 470 | |||
Initial Cost Buildings and Fixtures | 1,289 | |||
Gross Amount, Land | 470 | |||
Gross Amount, Buildings and Fixtures | 1,496 | |||
Total | 1,966 | |||
Accumulated Depreciation | (318) | |||
Net | $ 1,648 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A South Line Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 207 | |||
Retail Properties | M A A Uptown Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 319 | |||
Initial Cost Buildings and Fixtures | 1,144 | |||
Gross Amount, Land | 319 | |||
Gross Amount, Buildings and Fixtures | 1,169 | |||
Total | 1,488 | |||
Accumulated Depreciation | (239) | |||
Net | $ 1,249 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Uptown Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 25 | |||
Retail Properties | MAA Leasing Center | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 1,290 | |||
Initial Cost Buildings and Fixtures | 1,488 | |||
Gross Amount, Land | 1,290 | |||
Gross Amount, Buildings and Fixtures | 1,639 | |||
Total | 2,929 | |||
Accumulated Depreciation | (332) | |||
Net | $ 2,597 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Leasing Center | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 151 | |||
Retail Properties | Hue Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Buildings and Fixtures | $ 2,129 | |||
Gross Amount, Buildings and Fixtures | 2,206 | |||
Total | 2,206 | |||
Accumulated Depreciation | (253) | |||
Net | $ 1,953 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Retail Properties | Hue Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 77 | |||
Retail Properties | Post Parkside At Wade Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 317 | |||
Initial Cost Buildings and Fixtures | 4,552 | |||
Gross Amount, Land | 317 | |||
Gross Amount, Buildings and Fixtures | 4,646 | |||
Total | 4,963 | |||
Accumulated Depreciation | (1,227) | |||
Net | $ 3,736 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Parkside At Wade Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 94 | |||
Retail Properties | The Greene Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2019 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Retail Properties | Post South Lamar Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 421 | |||
Initial Cost Buildings and Fixtures | 3,072 | |||
Gross Amount, Land | 421 | |||
Gross Amount, Buildings and Fixtures | 3,748 | |||
Total | 4,169 | |||
Accumulated Depreciation | (692) | |||
Net | $ 3,477 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post South Lamar Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 676 | |||
Retail Properties | M A A Frisco Bridges Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 779 | |||
Initial Cost Buildings and Fixtures | 6,593 | |||
Gross Amount, Land | 779 | |||
Gross Amount, Buildings and Fixtures | 7,269 | |||
Total | 8,048 | |||
Accumulated Depreciation | (1,659) | |||
Net | $ 6,389 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Frisco Bridges Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 676 | |||
Retail Properties | M A A Mc Kinney Avenue Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 1,581 | |||
Initial Cost Buildings and Fixtures | 5,982 | |||
Gross Amount, Land | 1,581 | |||
Gross Amount, Buildings and Fixtures | 6,252 | |||
Total | 7,833 | |||
Accumulated Depreciation | (1,245) | |||
Net | $ 6,588 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Mc Kinney Avenue Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 270 | |||
Retail Properties | M A A Worthington Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 108 | |||
Initial Cost Buildings and Fixtures | 495 | |||
Gross Amount, Land | 108 | |||
Gross Amount, Buildings and Fixtures | 917 | |||
Total | 1,025 | |||
Accumulated Depreciation | (153) | |||
Net | $ 872 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Worthington Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
Retail Properties | M A A Worthington Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
Retail Properties | M A A Worthington Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 422 | |||
Retail Properties | MAA Addison Circle Office | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 1,395 | |||
Initial Cost Buildings and Fixtures | 4,280 | |||
Gross Amount, Land | 1,395 | |||
Gross Amount, Buildings and Fixtures | 5,157 | |||
Total | 6,552 | |||
Accumulated Depreciation | (1,509) | |||
Net | $ 5,043 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Addison Circle Office | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Retail Properties | MAA Addison Circle Office | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Retail Properties | MAA Addison Circle Office | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 877 | |||
Retail Properties | MAA Addison Circle Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 448 | |||
Initial Cost Buildings and Fixtures | 21,386 | |||
Gross Amount, Land | 448 | |||
Gross Amount, Buildings and Fixtures | 23,751 | |||
Total | 24,199 | |||
Accumulated Depreciation | (5,482) | |||
Net | $ 18,717 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Addison Circle Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Retail Properties | MAA Addison Circle Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Retail Properties | MAA Addison Circle Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,365 | |||
Retail Properties | MAA North Hall Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 347 | |||
Initial Cost Buildings and Fixtures | 716 | |||
Gross Amount, Land | 347 | |||
Gross Amount, Buildings and Fixtures | 792 | |||
Total | 1,139 | |||
Accumulated Depreciation | (201) | |||
Net | $ 938 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA North Hall Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 76 | |||
Retail Properties | MAA Eastside Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 682 | |||
Initial Cost Buildings and Fixtures | 10,645 | |||
Gross Amount, Land | 682 | |||
Gross Amount, Buildings and Fixtures | 11,154 | |||
Total | 11,836 | |||
Accumulated Depreciation | (2,289) | |||
Net | $ 9,547 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Eastside Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 509 | |||
Retail Properties | MAA Heights Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 1,065 | |||
Initial Cost Buildings and Fixtures | 3,314 | |||
Gross Amount, Land | 1,065 | |||
Gross Amount, Buildings and Fixtures | 3,710 | |||
Total | 4,775 | |||
Accumulated Depreciation | (750) | |||
Net | $ 4,025 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Heights Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 396 | |||
Retail Properties | MAA Karty Trail Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 465 | |||
Initial Cost Buildings and Fixtures | 4,883 | |||
Gross Amount, Land | 465 | |||
Gross Amount, Buildings and Fixtures | 4,982 | |||
Total | 5,447 | |||
Accumulated Depreciation | (952) | |||
Net | $ 4,495 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Karty Trail Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 99 | |||
Retail Properties | MAA Legacy Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 150 | |||
Initial Cost Buildings and Fixtures | 3,334 | |||
Gross Amount, Land | 150 | |||
Gross Amount, Buildings and Fixtures | 3,778 | |||
Total | 3,928 | |||
Accumulated Depreciation | (698) | |||
Net | $ 3,230 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Legacy Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 444 | |||
Retail Properties | Post Midtown Square Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 1,322 | |||
Initial Cost Buildings and Fixtures | 16,005 | |||
Gross Amount, Land | 1,322 | |||
Gross Amount, Buildings and Fixtures | 16,496 | |||
Total | 17,818 | |||
Accumulated Depreciation | (3,257) | |||
Net | $ 14,561 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Midtown Square Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
Retail Properties | Post Midtown Square Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Retail Properties | Post Midtown Square Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 491 | |||
Retail Properties | Rise Condo Devel L P Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Buildings and Fixtures | $ 2,280 | |||
Gross Amount, Buildings and Fixtures | 2,347 | |||
Total | 2,347 | |||
Accumulated Depreciation | (478) | |||
Net | $ 1,869 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Rise Condo Devel L P Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
Retail Properties | Rise Condo Devel L P Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Retail Properties | Rise Condo Devel L P Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 67 | |||
Retail Properties | MAA Bella Casita Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 46 | |||
Initial Cost Buildings and Fixtures | 186 | |||
Gross Amount, Land | 46 | |||
Gross Amount, Buildings and Fixtures | 364 | |||
Total | 410 | |||
Accumulated Depreciation | (134) | |||
Net | $ 276 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Retail Properties | MAA Bella Casita Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 178 | |||
Retail Properties | MAA Times Square Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | McKinney, TX | |||
Initial Cost Land | $ 253 | |||
Initial Cost Buildings and Fixtures | 1,310 | |||
Gross Amount, Land | 253 | |||
Gross Amount, Buildings and Fixtures | 5,604 | |||
Total | 5,857 | |||
Accumulated Depreciation | (1,200) | |||
Net | $ 4,657 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Retail Properties | MAA Times Square Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,294 | |||
Retail Properties | Post Carlyle Square Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 1,048 | |||
Initial Cost Buildings and Fixtures | 7,930 | |||
Gross Amount, Land | 1,048 | |||
Gross Amount, Buildings and Fixtures | 7,997 | |||
Total | 9,045 | |||
Accumulated Depreciation | (1,616) | |||
Net | $ 7,429 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Carlyle Square Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
Retail Properties | Post Carlyle Square Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2016 | |||
Retail Properties | Post Carlyle Square Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 67 | |||
Retail Properties | Post Park Maryland Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 25 | |||
Initial Cost Buildings and Fixtures | 137 | |||
Gross Amount, Land | 25 | |||
Gross Amount, Buildings and Fixtures | 137 | |||
Total | 162 | |||
Accumulated Depreciation | (23) | |||
Net | $ 139 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA Robinson Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Buildings and Fixtures | $ 563 | |||
Gross Amount, Buildings and Fixtures | 563 | |||
Total | 563 | |||
Accumulated Depreciation | (7) | |||
Net | $ 556 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2021 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Retail Properties | Total Retail Commercial Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | $ 31,867 | |||
Initial Cost Buildings and Fixtures | 171,422 | |||
Gross Amount, Land | 31,867 | |||
Gross Amount, Buildings and Fixtures | 203,113 | |||
Total | 234,980 | |||
Accumulated Depreciation | (44,236) | |||
Net | 190,744 | |||
Retail Properties | Total Retail Commercial Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 31,691 | |||
Development Properties [Member] | M A A Westglenn | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Denver, CO | |||
Initial Cost Land | $ 8,077 | |||
Gross Amount, Land | 8,077 | |||
Gross Amount, Buildings and Fixtures | 73,094 | |||
Total | 81,171 | |||
Accumulated Depreciation | (1,005) | |||
Net | $ 80,166 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Development Properties [Member] | M A A Westglenn | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 73,094 | |||
Development Properties [Member] | MAA Park Point | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 9,031 | |||
Gross Amount, Land | 9,031 | |||
Gross Amount, Buildings and Fixtures | 43,977 | |||
Total | 53,008 | |||
Accumulated Depreciation | (455) | |||
Net | $ 52,553 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Development Properties [Member] | MAA Park Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 43,977 | |||
Development Properties [Member] | MAA Windmill Hill | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 5,006 | |||
Gross Amount, Land | 5,006 | |||
Gross Amount, Buildings and Fixtures | 37,560 | |||
Total | 42,566 | |||
Net | $ 42,566 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2020 | |||
Development Properties [Member] | MAA Windmill Hill | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 37,560 | |||
Development Properties [Member] | Novel Val Vista | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gilbert, AZ | |||
Initial Cost Land | $ 7,285 | |||
Gross Amount, Land | 7,285 | |||
Gross Amount, Buildings and Fixtures | 29,253 | |||
Total | 36,538 | |||
Net | $ 36,538 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2020 | |||
Development Properties [Member] | Novel Val Vista | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 29,253 | |||
Development Properties [Member] | Novel West Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 6,650 | |||
Gross Amount, Land | 6,650 | |||
Gross Amount, Buildings and Fixtures | 23,612 | |||
Total | 30,262 | |||
Net | $ 30,262 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2021 | |||
Development Properties [Member] | Novel West Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 23,612 | |||
Development Properties [Member] | Novel Daybreak | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Salt Lake City, UT | |||
Initial Cost Land | $ 6,525 | |||
Gross Amount, Land | 6,525 | |||
Gross Amount, Buildings and Fixtures | 27,392 | |||
Total | 33,917 | |||
Net | $ 33,917 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2021 | |||
Development Properties [Member] | Novel Daybreak | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 27,392 | |||
Development Properties [Member] | Total Active Development Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 42,574 | |||
Gross Amount, Land | 42,574 | |||
Gross Amount, Buildings and Fixtures | 234,888 | |||
Total | 277,462 | |||
Accumulated Depreciation | (1,460) | |||
Net | 276,002 | |||
Development Properties [Member] | Total Active Development Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 234,888 | |||
Real Estate [Member] | Total Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Encumbrances | 5,262 | |||
Initial Cost Land | 1,915,281 | |||
Initial Cost Buildings and Fixtures | 10,036,072 | |||
Gross Amount, Land | 1,915,281 | |||
Gross Amount, Buildings and Fixtures | 12,670,206 | |||
Total | 14,585,487 | |||
Accumulated Depreciation | (3,830,213) | |||
Net | 10,755,274 | |||
Real Estate [Member] | Total Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 2,634,134 | |||
Land Improvements | Total Land Held For Future Developments | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 24,015 | |||
Gross Amount, Land | 24,015 | |||
Total | 24,015 | |||
Net | 24,015 | |||
Corporate Real Estate Owned | Corporate Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Buildings and Fixtures | 24,508 | |||
Gross Amount, Buildings and Fixtures | 24,508 | |||
Total | 24,508 | |||
Accumulated Depreciation | (17,877) | |||
Net | 6,631 | |||
Other Real Estate Owned | Total Other | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 86,547 | |||
Initial Cost Buildings and Fixtures | 24,508 | |||
Gross Amount, Land | 86,547 | |||
Gross Amount, Buildings and Fixtures | 32,203 | |||
Total | 118,750 | |||
Accumulated Depreciation | (17,948) | |||
Net | 100,802 | |||
Other Real Estate Owned | Total Other | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,695 |
Schedule III Real Estate and _3
Schedule III Real Estate and Accumulated Depreciation (Parenthetical) (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2021USD ($) | |
Real Estate And Accumulated Depreciation [Line Items] | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis | $ 11,800 |
Minimum [Member] | Land Improvements And Buildings | |
Real Estate And Accumulated Depreciation [Line Items] | |
Equipment, Useful Life | 5 years |
Minimum [Member] | Furniture Fixtures And Equipment | |
Real Estate And Accumulated Depreciation [Line Items] | |
Equipment, Useful Life | 3 years |
Maximum [Member] | Land Improvements And Buildings | |
Real Estate And Accumulated Depreciation [Line Items] | |
Equipment, Useful Life | 40 years |
Maximum [Member] | Furniture Fixtures And Equipment | |
Real Estate And Accumulated Depreciation [Line Items] | |
Equipment, Useful Life | 5 years |
Encumbrance1 | |
Real Estate And Accumulated Depreciation [Line Items] | |
Amount of bond used as encumbrance | $ 191.3 |
Derivative cap interest rate (percent) | 4.43% |
Derivative termination date | Feb. 10, 2049 |
Encumbrance2 | |
Real Estate And Accumulated Depreciation [Line Items] | |
Amount of bond used as encumbrance | $ 172 |
Derivative cap interest rate (percent) | 4.44% |
Derivative termination date | Jan. 10, 2049 |
Schedule III Real Estate and _4
Schedule III Real Estate and Accumulated Depreciation [Schedule] (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Real estate investments: | |||
Balance at beginning of year | $ 14,338,895 | $ 13,898,707 | $ 13,656,807 |
Acquisitions | 44,086 | 56,327 | 105,730 |
Less: FMV of leases included in acquisitions | (512) | ||
Improvement and development | 506,775 | 437,268 | 302,380 |
Disposition of real estate assets | (185,519) | (53,407) | (165,698) |
Balance at end of year | 14,704,237 | 14,338,895 | 13,898,707 |
Accumulated depreciation: | |||
Balance at beginning of year | 3,415,105 | 2,955,253 | 2,549,287 |
Depreciation | 531,848 | 508,746 | 493,674 |
Disposition of real estate assets | (98,792) | (48,894) | (87,708) |
Balance at end of year | $ 3,848,161 | $ 3,415,105 | $ 2,955,253 |