Document and Entity Information
Document and Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2023 | Feb. 06, 2024 | Jun. 30, 2023 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2023 | ||
Document Fiscal Year Focus | 2023 | ||
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 | 116,715,633 | ||
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 | $ 10.7 | ||
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 21, 2024 are incorporated by reference into Part III of this report. We expect to file our proxy statement within 120 days after December 31, 2023 | ||
Auditor Name | Ernst & Young LLP | ||
Auditor Location | Memphis, Tennessee | ||
Auditor Firm ID | 42 | ||
Document Financial Statement Error Correction [Flag] | false | ||
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 | MAAI | ||
Security Exchange Name | NYSE | ||
Title of 12(b) Security | 8.50% Series I Cumulative Redeemable Preferred Stock, $.01 par value per share | ||
Limited Partner [Member] | |||
Document Information [Line Items] | |||
Entity Registrant Name | MID-AMERICA APARTMENTS, L.P. | ||
Entity Central Index Key | 0001581776 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Shell Company | false | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Interactive Data Current | Yes | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity File Number | 333-190028-01 | ||
Entity Incorporation, State or Country Code | TN | ||
Entity Tax Identification Number | 62-1543816 | ||
Entity Address, Address Line One | 6815 Poplar Avenue | ||
Entity Address, Address Line Two | Suite 500 | ||
Entity Address, City or Town | Germantown | ||
Entity Address, State or Province | TN | ||
Entity Address, Postal Zip Code | 38138 | ||
City Area Code | 901 | ||
Local Phone Number | 682-6600 | ||
ICFR Auditor Attestation Flag | false | ||
Document Financial Statement Error Correction [Flag] | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | |
Assets | |||
Land | $ 2,031,403 | $ 2,008,364 | |
Buildings and improvements and other | 13,515,949 | 12,841,947 | |
Development and capital improvements in progress | 385,405 | 332,035 | |
Real Estate Investment Property, at Cost | 15,932,757 | 15,182,346 | |
Less: Accumulated depreciation | (4,864,690) | (4,302,747) | |
Real Estate Investment Property, Net | 11,068,067 | 10,879,599 | |
Undeveloped land | 73,861 | 64,312 | |
Investment in real estate joint venture | 41,977 | 42,290 | |
Real estate assets, net | 11,183,905 | 10,986,201 | |
Cash and cash equivalents | 41,314 | 38,659 | |
Restricted cash | 13,777 | 22,412 | |
Other assets | 245,507 | 193,893 | |
Total assets | 11,484,503 | 11,241,165 | |
Liabilities: | |||
Unsecured notes payable | 4,180,084 | 4,050,910 | |
Secured notes payable | 360,141 | 363,993 | |
Accrued expenses and other liabilities | 645,156 | 615,843 | |
Total liabilities | 5,185,381 | 5,030,746 | |
Redeemable common stock | 19,167 | 20,671 | |
Shareholders’ equity: | |||
Preferred stock, value, outstanding | 9 | 9 | |
Common stock, value, outstanding | [1] | 1,168 | 1,152 |
Additional paid-in capital | 7,399,921 | 7,202,834 | |
Accumulated distributions in excess of net income | (1,298,263) | (1,188,854) | |
Accumulated other comprehensive loss | (8,764) | (10,052) | |
Total MAA shareholders’ equity | 6,094,071 | 6,005,089 | |
Noncontrolling interests - Operating Partnership units | 163,128 | 163,595 | |
Total Company’s shareholders’ equity | 6,257,199 | 6,168,684 | |
Noncontrolling interests - consolidated real estate entities | 22,756 | 21,064 | |
Operating Partnership capital: | |||
Accumulated other comprehensive loss | (8,764) | (10,052) | |
Noncontrolling interests - consolidated real estate entities | 22,756 | 21,064 | |
Total equity | 6,279,955 | 6,189,748 | |
Total liabilities and equity | 11,484,503 | 11,241,165 | |
Limited Partner [Member] | |||
Assets | |||
Land | 2,031,403 | 2,008,364 | |
Buildings and improvements and other | 13,515,949 | 12,841,947 | |
Development and capital improvements in progress | 385,405 | 332,035 | |
Real Estate Investment Property, at Cost | 15,932,757 | 15,182,346 | |
Less: Accumulated depreciation | (4,864,690) | (4,302,747) | |
Real Estate Investment Property, Net | 11,068,067 | 10,879,599 | |
Undeveloped land | 73,861 | 64,312 | |
Investment in real estate joint venture | 41,977 | 42,290 | |
Real estate assets, net | 11,183,905 | 10,986,201 | |
Cash and cash equivalents | 41,314 | 38,659 | |
Restricted cash | 13,777 | 22,412 | |
Other assets | 245,507 | 193,893 | |
Total assets | 11,484,503 | 11,241,165 | |
Liabilities: | |||
Unsecured notes payable | 4,180,084 | 4,050,910 | |
Secured notes payable | 360,141 | 363,993 | |
Accrued expenses and other liabilities | 645,156 | 615,843 | |
Total liabilities | 5,185,400 | 5,030,765 | |
Redeemable common stock | 19,167 | 20,671 | |
Shareholders’ equity: | |||
Accumulated other comprehensive loss | (8,942) | (10,268) | |
Total Company’s shareholders’ equity | 6,257,180 | 6,168,665 | |
Noncontrolling interests - consolidated real estate entities | 22,756 | 21,064 | |
Operating Partnership capital: | |||
Preferred Units, Preferred Partners' Capital Accounts | 66,840 | 66,840 | |
General Partners' Capital Account | [2] | 6,036,154 | 5,948,498 |
Limited Partners' Capital Account | [2] | 163,128 | 163,595 |
Accumulated other comprehensive loss | (8,942) | (10,268) | |
Noncontrolling interests - consolidated real estate entities | 22,756 | 21,064 | |
Total equity | 6,279,936 | 6,189,729 | |
Total liabilities and equity | 11,484,503 | 11,241,165 | |
Limited Partner [Member] | Related Party [Member] | |||
Liabilities: | |||
Due to general partner | $ 19 | $ 19 | |
[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, 2023 and December 31, 2022 are 142,546 and 136,429 , respectively. 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, 2023 and December 31, 2022 are 142,546 and 136,429 , respectively. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | ||
Common stock, par value per share | $ 0.01 | $ 0.01 | |
Common stock, shares authorized | 145,000,000 | 145,000,000 | |
Common stock, shares issued | 116,694,124 | 115,480,336 | |
Common stock, shares outstanding | 116,694,124 | 115,480,336 | |
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 | 142,546 | 136,429 | |
General Partners' Capital Account, Units Outstanding | 116,694,124 | 115,480,336 | |
Limited Partners' Capital Account, Units Outstanding | 3,143,972 | 3,164,933 | |
Limited Partner [Member] | |||
Redeemable stock, shares issued and outstanding | 142,546 | 136,429 | |
General Partners' Capital Account, Units Outstanding | 116,694,124 | 115,480,336 | |
Limited Partners' Capital Account, Units Outstanding | 3,143,972 | 3,164,933 | |
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, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Revenues: | |||
Rental and other property revenues | $ 2,148,468 | $ 2,019,866 | $ 1,778,082 |
Expenses: | |||
Operating expenses, excluding real estate taxes and insurance | 461,540 | 435,108 | 404,288 |
Real estate taxes and insurance | 306,601 | 288,586 | 266,877 |
Depreciation and amortization | 565,063 | 542,998 | 533,433 |
Total property operating expenses | 1,333,204 | 1,266,692 | 1,204,598 |
Property management expenses | 67,784 | 65,463 | 55,732 |
General and administrative expenses | 58,578 | 58,833 | 52,884 |
Interest expense | 149,234 | 154,747 | 156,881 |
Loss (gain) on sale of depreciable real estate assets | 62 | (214,762) | (220,428) |
Gain on sale of non-depreciable real estate assets | (54) | (809) | (811) |
Other non-operating (income) expense | (31,185) | 42,713 | (33,902) |
Income before income tax (expense) benefit | 570,845 | 646,989 | 563,128 |
Income tax (expense) benefit | (4,744) | 6,208 | (13,637) |
Income from continuing operations before real estate joint venture activity | 566,101 | 653,197 | 549,491 |
Income from real estate joint venture | 1,730 | 1,579 | 1,211 |
Net income | 567,831 | 654,776 | 550,702 |
Net income (loss) attributable to noncontrolling interests | 15,025 | 17,340 | 16,911 |
Net income available for shareholders | 552,806 | 637,436 | 533,791 |
Dividends to MAA Series I preferred shareholders | 3,688 | 3,688 | 3,688 |
Net income available for MAA common shareholders | $ 549,118 | $ 633,748 | $ 530,103 |
Earnings per common share - basic: | |||
Net income available for MAA common shareholders | $ 4.71 | $ 5.49 | $ 4.62 |
Earnings per common share - diluted: | |||
Net income available for MAA common shareholders | $ 4.71 | $ 5.48 | $ 4.61 |
Limited Partner [Member] | |||
Revenues: | |||
Rental and other property revenues | $ 2,148,468 | $ 2,019,866 | $ 1,778,082 |
Expenses: | |||
Operating expenses, excluding real estate taxes and insurance | 461,540 | 435,108 | 404,288 |
Real estate taxes and insurance | 306,601 | 288,586 | 266,877 |
Depreciation and amortization | 565,063 | 542,998 | 533,433 |
Total property operating expenses | 1,333,204 | 1,266,692 | 1,204,598 |
Property management expenses | 67,784 | 65,463 | 55,732 |
General and administrative expenses | 58,578 | 58,833 | 52,884 |
Interest expense | 149,234 | 154,747 | 156,881 |
Loss (gain) on sale of depreciable real estate assets | 62 | (214,762) | (220,428) |
Gain on sale of non-depreciable real estate assets | (54) | (809) | (811) |
Other non-operating (income) expense | (31,185) | 42,713 | (33,902) |
Income before income tax (expense) benefit | 570,845 | 646,989 | 563,128 |
Income tax (expense) benefit | (4,744) | 6,208 | (13,637) |
Income from continuing operations before real estate joint venture activity | 566,101 | 653,197 | 549,491 |
Income from real estate joint venture | 1,730 | 1,579 | 1,211 |
Net income | 567,831 | 654,776 | 550,702 |
Net income (loss) attributable to noncontrolling interests | 62 | (293) | 0 |
Net income available for shareholders | 567,769 | 655,069 | 550,702 |
Dividends to MAA Series I preferred shareholders | 3,688 | 3,688 | 3,688 |
Net income available for MAA common shareholders | $ 564,081 | $ 651,381 | $ 547,014 |
Earnings per common share - basic: | |||
Net income available for MAALP common unitholders | $ 4.71 | $ 5.49 | $ 4.62 |
Earnings per common share - diluted: | |||
Net income available for MAALP common unitholders | $ 4.71 | $ 5.48 | $ 4.61 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Net income | $ 567,831 | $ 654,776 | $ 550,702 |
Other comprehensive income: | |||
Adjustment for net losses reclassified to net income from derivative instruments | 1,326 | 1,114 | 1,114 |
Total comprehensive income | 569,157 | 655,890 | 551,816 |
Comprehensive (income) loss attributable to noncontrolling interests | (15,063) | (17,374) | (17,029) |
Comprehensive income attributable to MAA | 554,094 | 638,516 | 534,787 |
Limited Partner [Member] | |||
Net income | 567,831 | 654,776 | 550,702 |
Other comprehensive income: | |||
Adjustment for net losses reclassified to net income from derivative instruments | 1,326 | 1,114 | 1,114 |
Total comprehensive income | 569,157 | 655,890 | 551,816 |
Comprehensive (income) loss attributable to noncontrolling interests | (62) | 293 | 0 |
Comprehensive income attributable to MAA | $ 569,095 | $ 656,183 | $ 551,816 |
Consolidated Statements of Equi
Consolidated Statements of Equity - USD ($) shares in Thousands, $ 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] | Noncontrolling Interest [Member] |
Beginning Balance at Dec. 31, 2020 | $ 6,088,408 | $ 15,397 | $ 9 | $ 1,141 | $ 7,176,793 | $ (1,294,182) | $ (12,128) | $ 206,927 | $ 9,848 | |||||
Beginning Balance, Shares at Dec. 31, 2020 | 868 | 114,252 | ||||||||||||
Net income | 550,702 | $ 550,702 | 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 | |||||||||||||
Shares repurchased and retired | (9,043) | (9,043) | ||||||||||||
Shares repurchased and retired, Shares | (64) | |||||||||||||
Exercise of stock options | 1,478 | $ 1,478 | 1,478 | |||||||||||
Exercise of stock options, Shares | 19 | |||||||||||||
Shares issued in exchange for common units | $ 8 | 43,284 | (43,292) | |||||||||||
Shares issued in exchange for common units, Shares | 851 | |||||||||||||
Redeemable stock fair market value adjustment | (13,131) | 13,131 | (13,131) | (13,131) | ||||||||||
Adjustment for noncontrolling interests in Operating Partnership | 13,766 | 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) | ||||||||||||
Distributions 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 | $ 9 | $ 1,151 | 7,230,956 | (1,255,807) | (11,132) | 165,116 | 23,614 | |||||
Ending Balance, Shares at Dec. 31, 2021 | 868 | 115,205 | ||||||||||||
Partners' Capital at Dec. 31, 2020 | 6,088,389 | 15,397 | $ 206,927 | 5,817,270 | 66,840 | (12,496) | 9,848 | |||||||
Net Income (Loss) Allocated to Limited Partners | 16,911 | 3,688 | ||||||||||||
Net Income (Loss) Allocated to General Partners | 530,103 | |||||||||||||
Net Income Available for Common Unitholders | 550,702 | |||||||||||||
Issuance of units | (429) | 1,657 | (429) | |||||||||||
Units repurchased and retired | 9,043 | 9,043 | ||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | ||||||||||||
General partner units issued in exchange for limited partner units | (43,292) | 43,292 | ||||||||||||
Adjustment for limited partners’ capital at redemption value | (605) | 605 | ||||||||||||
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) | |||||||||||
Partners' Capital at Dec. 31, 2021 | 6,153,888 | 30,185 | 165,116 | 5,909,700 | 66,840 | (11,382) | $ 23,614 | |||||||
Net income | 654,776 | 654,776 | 637,436 | 17,633 | (293) | |||||||||
Other comprehensive Income (loss) - derivative instruments | 1,114 | 1,080 | 1,114 | 34 | ||||||||||
Issuance and registration of common shares | (123) | 1,687 | $ 1 | (124) | ||||||||||
Issuance and registration of common shares, Shares | 169 | |||||||||||||
Shares repurchased and retired | (14,043) | (14,043) | ||||||||||||
Shares repurchased and retired, Shares | (71) | |||||||||||||
Exercise of stock options | 28 | 28 | 28 | |||||||||||
Shares issued in exchange for common units | 2,118 | (2,118) | ||||||||||||
Shares issued in exchange for common units, Shares | 41 | |||||||||||||
Shares reclassified to liabilities | (2,148) | |||||||||||||
Redeemable units fair market value adjustment | 9,053 | (9,053) | 9,053 | |||||||||||
Redeemable stock fair market value adjustment | 9,053 | (9,053) | 9,053 | |||||||||||
Adjustment for noncontrolling interests in Operating Partnership | 3,370 | 1,199 | (1,199) | 3,370 | ||||||||||
Amortization of unearned compensation | 20,143 | 20,143 | ||||||||||||
Dividends on preferred stock | (3,688) | (3,688) | ||||||||||||
Dividends on common stock | (575,848) | (575,848) | ||||||||||||
Distributions on noncontrolling interests units | (15,871) | (15,871) | ||||||||||||
Acquisition of noncontrolling interest | (43,070) | 37,443 | (37,443) | (5,627) | ||||||||||
Contributions from noncontrolling interest | 3,370 | 3,370 | ||||||||||||
Ending Balance at Dec. 31, 2022 | 6,189,748 | 20,671 | 6,189,729 | $ 9 | $ 1,152 | 7,202,834 | (1,188,854) | (10,052) | 163,595 | 21,064 | ||||
Ending Balance, Shares at Dec. 31, 2022 | 868 | 115,344 | ||||||||||||
Net Income (Loss) Allocated to Limited Partners | 17,633 | 3,688 | ||||||||||||
Net Income (Loss) Allocated to General Partners | 633,748 | |||||||||||||
Net Income Available for Common Unitholders | 654,776 | |||||||||||||
Units repurchased and retired | 14,043 | 14,043 | ||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | ||||||||||||
Issuance of units | (123) | 1,687 | (123) | |||||||||||
General partner units issued in exchange for limited partner units | (2,118) | 2,118 | ||||||||||||
Adjustment for limited partners’ capital at redemption value | (1,165) | 1,165 | ||||||||||||
Amortization of unearned compensation | 20,143 | 20,143 | ||||||||||||
Dividends, Preferred Stock, Cash | (3,688) | 3,688 | ||||||||||||
Distributions to common unitholders | (591,719) | (15,871) | (575,848) | |||||||||||
Partners' Capital at Dec. 31, 2022 | 6,189,729 | 20,671 | 163,595 | 5,948,498 | 66,840 | (10,268) | 21,064 | |||||||
Net income | 567,831 | 567,831 | 552,806 | 14,963 | 62 | |||||||||
Other comprehensive Income (loss) - derivative instruments | 1,326 | 1,288 | 1,326 | 38 | ||||||||||
Issuance and registration of common shares | 203,345 | 2,135 | $ 12 | 203,333 | ||||||||||
Issuance and registration of common shares, Shares | 1,244 | |||||||||||||
Shares repurchased and retired | (7,870) | (7,870) | ||||||||||||
Shares repurchased and retired, Shares | (57) | |||||||||||||
Shares issued in exchange for common units | 1,092 | (1,092) | ||||||||||||
Shares issued in exchange for common units, Shares | 21 | |||||||||||||
Shares issued in exchange for redeemable stock | 581 | (581) | $ 4 | 577 | ||||||||||
Redeemable units fair market value adjustment | 581 | (581) | 581 | |||||||||||
Redeemable stock fair market value adjustment | 3,058 | (3,058) | 3,058 | 3,058 | ||||||||||
Adjustment for noncontrolling interests in Operating Partnership | 2,630 | (3,486) | 3,486 | 2,630 | ||||||||||
Amortization of unearned compensation | 18,198 | 18,198 | ||||||||||||
Dividends on preferred stock | (3,688) | (3,688) | ||||||||||||
Dividends on common stock | (661,585) | (661,585) | ||||||||||||
Distributions on noncontrolling interests units | (17,862) | (17,862) | ||||||||||||
Acquisition of noncontrolling interest | (15,757) | 14,757 | (14,757) | (1,000) | ||||||||||
Contributions from noncontrolling interest | 2,630 | 2,630 | ||||||||||||
Ending Balance at Dec. 31, 2023 | 6,279,955 | 19,167 | $ 6,279,936 | $ 9 | $ 1,168 | $ 7,399,921 | (1,298,263) | $ (8,764) | $ 163,128 | 22,756 | ||||
Ending Balance, Shares at Dec. 31, 2023 | 868 | 116,552 | ||||||||||||
Net Income (Loss) Allocated to Limited Partners | 14,963 | 3,688 | ||||||||||||
Net Income (Loss) Allocated to General Partners | 549,118 | |||||||||||||
Net Income Available for Common Unitholders | 567,831 | |||||||||||||
Units repurchased and retired | 7,870 | 7,870 | ||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | ||||||||||||
Issuance of units | 203,345 | 2,135 | 203,345 | |||||||||||
General partner units issued in exchange for limited partner units | (1,092) | 1,092 | ||||||||||||
Adjustment for limited partners’ capital at redemption value | 3,524 | (3,524) | ||||||||||||
Amortization of unearned compensation | 18,198 | 18,198 | ||||||||||||
Dividends, Preferred Stock, Cash | (3,688) | 3,688 | ||||||||||||
Distributions to common unitholders | (679,447) | (17,862) | (661,585) | |||||||||||
Partners' Capital at Dec. 31, 2023 | $ 6,279,936 | $ 19,167 | $ 163,128 | $ 6,036,154 | $ 66,840 | $ (8,942) | $ 22,756 |
Consolidated Statements of Eq_2
Consolidated Statements of Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Dividends Declared Per Share of Common Stock | $ 5.67 | $ 4.9875 | $ 4.1625 |
Dividends Declared Per Share of Non Controlling Interests (in dollars per share) | 5.67 | 4.9875 | 4.1625 |
Limited Partner [Member] | |||
Distribution Made to Limited Partner, Distributions Declared, Per Unit | $ 5.67 | $ 4.9875 | $ 4.1625 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities: | |||
Net income | $ 567,831 | $ 654,776 | $ 550,702 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 565,857 | 544,004 | 534,415 |
Loss (gain) on sale of depreciable real estate assets | 62 | (214,762) | (220,428) |
Gain on sale of non-depreciable real estate assets | (54) | (809) | (811) |
(Gain) loss on embedded derivative in preferred shares | (18,528) | 21,107 | 4,560 |
Stock compensation expense | 15,699 | 18,798 | 16,665 |
Amortization of debt issuance costs, discounts and premiums | 5,909 | 6,064 | 5,652 |
(Gain) loss on investments | (4,449) | 45,357 | (51,713) |
Net change in operating accounts and other operating activities | 4,860 | (16,056) | 55,925 |
Net cash provided by operating activities | 1,137,187 | 1,058,479 | 894,967 |
Cash flows from investing activities: | |||
Purchases of real estate and other assets | (223,453) | (271,428) | (46,028) |
Capital improvements and other | (341,224) | (296,176) | (279,635) |
Development costs | (198,152) | (172,124) | (231,642) |
Distributions from real estate joint venture | 312 | 538 | 497 |
Contributions to affiliates | (16,636) | (13,849) | (4,669) |
Proceeds from real estate asset dispositions | 2,946 | 320,491 | 293,071 |
Net proceeds from insurance recoveries | 945 | 27,312 | 14,820 |
Net cash used in investing activities | (775,262) | (405,236) | (253,586) |
Cash flows from financing activities: | |||
Net proceeds from (payments of) commercial paper | 475,000 | 20,000 | (172,000) |
Proceeds from notes payable | 0 | 0 | 594,423 |
Principal payments on notes payable | (353,861) | (126,401) | (467,153) |
Payment of deferred financing costs | (2) | (5,516) | (5,940) |
Distributions to noncontrolling interests | (17,671) | (14,927) | (15,497) |
Distributions paid on common shares/units | (651,717) | (539,605) | (470,401) |
Distributions paid on preferred shares/units | (3,688) | (3,688) | (3,688) |
Proceeds from issuances of common shares | 205,070 | 1,083 | 645 |
Acquisition of noncontrolling interests | (15,757) | (43,070) | 0 |
Net change in other financing activities | (5,279) | (10,646) | (6,787) |
Net cash used in financing activities | (367,905) | (722,770) | (546,398) |
Net (decrease) increase in cash, cash equivalents and restricted cash | (5,980) | (69,527) | 94,983 |
Cash, cash equivalents and restricted cash, beginning of period | 61,071 | 130,598 | 35,615 |
Cash, cash equivalents and restricted cash, end of period | 55,091 | 61,071 | 130,598 |
Reconciliation of cash, cash equivalents and restricted cash at period end: | |||
Cash and cash equivalents | 41,314 | 38,659 | 54,302 |
Restricted cash | 13,777 | 22,412 | 76,296 |
Total cash, cash equivalents and restricted cash | 55,091 | 61,071 | 130,598 |
Supplemental disclosure of cash flow information: | |||
Interest paid | 157,566 | 157,497 | 158,630 |
Income taxes paid | 4,002 | 3,490 | 2,543 |
Supplemental disclosure of noncash investing and financing activities: | |||
Distributions on common shares/ units declared and accrued | 176,162 | 166,103 | 128,916 |
Accrued construction in progress | 23,345 | 16,484 | 15,123 |
Interest capitalized | 12,376 | 8,728 | 9,720 |
Conversion of OP Units to shares of common stock | 1,092 | 2,118 | 43,292 |
Limited Partner [Member] | |||
Cash flows from operating activities: | |||
Net income | 567,831 | 654,776 | 550,702 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 565,857 | 544,004 | 534,415 |
Loss (gain) on sale of depreciable real estate assets | 62 | (214,762) | (220,428) |
Gain on sale of non-depreciable real estate assets | (54) | (809) | (811) |
(Gain) loss on embedded derivative in preferred shares | (18,528) | 21,107 | 4,560 |
Stock compensation expense | 15,699 | 18,798 | 16,665 |
Amortization of debt issuance costs, discounts and premiums | 5,909 | 6,064 | 5,652 |
(Gain) loss on investments | (4,449) | 45,357 | (51,713) |
Net change in operating accounts and other operating activities | 4,860 | (16,056) | 55,925 |
Net cash provided by operating activities | 1,137,187 | 1,058,479 | 894,967 |
Cash flows from investing activities: | |||
Purchases of real estate and other assets | (223,453) | (271,428) | (46,028) |
Capital improvements and other | (341,224) | (296,176) | (279,635) |
Development costs | (198,152) | (172,124) | (231,642) |
Distributions from real estate joint venture | 312 | 538 | 497 |
Contributions to affiliates | (16,636) | (13,849) | (4,669) |
Proceeds from real estate asset dispositions | 2,946 | 320,491 | 293,071 |
Net proceeds from insurance recoveries | 945 | 27,312 | 14,820 |
Net cash used in investing activities | (775,262) | (405,236) | (253,586) |
Cash flows from financing activities: | |||
Net proceeds from (payments of) commercial paper | 475,000 | 20,000 | (172,000) |
Proceeds from notes payable | 0 | 0 | 594,423 |
Principal payments on notes payable | (353,861) | (126,401) | (467,153) |
Payment of deferred financing costs | (2) | (5,516) | (5,940) |
Distributions paid on common shares/units | (669,388) | (554,532) | (485,898) |
Distributions paid on preferred shares/units | (3,688) | (3,688) | (3,688) |
Proceeds from issuances of common shares | 205,070 | 1,083 | 645 |
Acquisition of noncontrolling interests | (15,757) | (43,070) | 0 |
Net change in other financing activities | (5,279) | (10,646) | (6,787) |
Net cash used in financing activities | (367,905) | (722,770) | (546,398) |
Net (decrease) increase in cash, cash equivalents and restricted cash | (5,980) | (69,527) | 94,983 |
Cash, cash equivalents and restricted cash, beginning of period | 61,071 | 130,598 | 35,615 |
Cash, cash equivalents and restricted cash, end of period | 55,091 | 61,071 | 130,598 |
Reconciliation of cash, cash equivalents and restricted cash at period end: | |||
Cash and cash equivalents | 41,314 | 38,659 | 54,302 |
Restricted cash | 13,777 | 22,412 | 76,296 |
Total cash, cash equivalents and restricted cash | 55,091 | 61,071 | 130,598 |
Supplemental disclosure of cash flow information: | |||
Interest paid | 157,566 | 157,497 | 158,630 |
Income taxes paid | 4,002 | 3,490 | 2,543 |
Supplemental disclosure of noncash investing and financing activities: | |||
Distributions on common shares/ units declared and accrued | 176,162 | 166,103 | 128,916 |
Accrued construction in progress | 23,345 | 16,484 | 15,123 |
Interest capitalized | $ 12,376 | $ 8,728 | $ 9,720 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Pay vs Performance Disclosure | |||
Net Income (Loss) | $ 552,806 | $ 637,436 | $ 533,791 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Dec. 31, 2023 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Organization and Summary of Sig
Organization and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
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, “preferred stock” refers to the preferred stock of MAA, and “shareholders” refers to the holders of shares of MAA’s common stock or preferred stock, as applicable. 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, 2023, MAA owned 116,694,124 OP Units (or 97.4 % 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 U.S. As of December 31, 2023, 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, 2023, the Company also had five development communities under construction, totaling 1,970 apartment units once complete, and $ 391.6 million had been incurred through December 31, 2023 . The Company expects to complete three of these developments in 2024 and two in 2025. As of December 31, 2023, 34 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, 2023. Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared by the Company’s management in accordance with U.S. 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 that 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, and the Company is its primary beneficiary. 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 significant influence or control include ownership of voting interests and participatory rights of investors (see “Investments in Unconsolidated Affiliates” below). Noncontrolling Interests As of December 31, 2023, 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 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, 2023, the consolidated assets of the Company’s consolidated real estate entities with a noncontrolling interest were $ 265.1 million , and consolidated liabilities were $ 12.9 million . As of December 31, 2022, the consolidated assets of the Company’s consolidated real estate entities with a noncontrolling interest were $ 279.6 million , and consolidated liabilities were $ 14.5 million . During the years ended December 31, 2023 and 2022 , the Company paid $ 15.8 million and $ 43.1 million, respectively, to acquire the noncontrolling interest of a consolidated real estate entity. 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, property taxes, insurance and salaries) during the years ended December 31, 2023, 2022 and 2021 were $ 20.6 million , $ 14.4 million and $ 16.6 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, or 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 records the value based on the purchase price paid 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 $ 1.6 million and $ 0.8 million as of December 31, 2023 and 2022 , 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 future undiscounted 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 appropriate asset and liability sections 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. Undeveloped Land Undeveloped land includes sites intended for future multifamily developments and sites for future commercial development, which are carried at cost and evaluated for impairment when indicators are present. 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 cash held for 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” in the accompanying 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 six 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 $ 42.0 million and $ 42.3 million as of December 31, 2023 and 2022, respectively. The Company accounts for its investments in the technology-focused limited partnerships on a three month lag due to the timing the limited partnerships’ financial information is made available to the Company. As of December 31, 2023 and 2022, the Company’s investments in the limited partnerships were $ 46.5 million and $ 36.7 million , respectively, and are included in “Other assets” in the accompanying Consolidated Balance Sheets, with any related earnings, including unrealized gains and losses on the underlying investments of the limited partnerships which are recorded at estimated fair value, recognized in “Other non-operating (income) expense” in the accompanying Consolidated Statements of Operations. During the years ended December 31, 2023, 2022 and 2021 , the Company recognized $ 1.6 million of income, $ 35.4 million of expense and $ 51.7 million of income, respectively, from its investments in the limited partnerships. As of December 31, 2023, the Company was committed to make additional capital contributions totaling $ 33.6 million if and when called by the general partners of the limited partnerships. Other Assets Other assets consist primarily of receivables, the value of derivative contracts, right-of-use lease assets, investments in technology-focused limited partnerships, marketable equity securities, deferred rental concessions, the unamortized value of in-place leases and resident relationships, deferred financing costs relating to the revolving credit facility and commercial paper program and other prepaid expenses. Marketable Equity Securities Two of the technology-focused limited partnerships that are accounted for as investments in unconsolidated affiliates distributed publicly traded marketable equity securities to the Company and the other limited partners. During the years ended December 31, 2023 and 2022 , the Company received marketable equity securities totaling $ 7.7 million and $ 18.0 million, respectively, which are noncash investing activities. The Company’s investment in marketable equity securities is measured at fair value based on the quoted share price of the securities and is included in “Other assets” in the accompanying Consolidated Balance Sheets, with any related gains and losses, including unrealized gains and losses, recognized in “Other non-operating (income) expense” in the accompanying Consolidated Statements of Operations. As of December 31, 2023 and 2022 , the Company’s investment in the marketable equity securities was $ 18.6 million and $ 8.0 million, respectively. During the years ended December 31, 2023 and 2022 , the Company recognized $ 2.9 million of income and $ 10.0 million of expense, respectively, from its investment in marketable equity securities. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consist of accrued dividends payable, accrued real estate taxes, unearned income, right-of-use lease liabilities, security deposits, accrued payroll, general liability and workers compensation insurance, accrued capital improvements in progress, accrued interest payable, 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, 2023 and 2022 (dollars in thousands): December 31, 2023 December 31, 2022 Accrued dividends payable $ 176,162 $ 166,103 Accrued real estate taxes 159,041 135,510 Unearned income 65,180 65,129 Right-of-use lease liabilities 27,344 28,671 Security deposits 27,138 26,533 Accrued payroll 26,145 27,667 General liability and workers compensation insurance 24,399 22,624 Accrued capital improvements in progress 23,345 16,484 Accrued interest payable 21,941 25,132 Accounts payable, accrued expenses and other 94,461 101,990 Total $ 645,156 $ 615,843 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 In August 2021, MAA 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, the shares issuable upon settlement of the forward sale agreements are reflected in MAA’s 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 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 94 % of the Company’s total revenues and include gross rents charged less adjustments for concessions and bad debt. Approximately 5 % 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, which are recognized when earned. 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. Advertising Costs Costs associated with advertising activities are expensed as incurred and were $ 26.6 million , $ 24.4 million and $ 23.9 million for the years ended December 31, 2023, 2022 and 2021 , 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, 2023 and 2022 , r ight-of-use assets recorded within “Other assets” totaled $ 42.5 million and $ 44.6 million , respectively, and related lease liabilities recorded within “Accrued expenses and other liabilities” totaled $ 27.3 million and $ 28.7 million , respectively, in the Consolidated Balance Sheets. Lease expense recognized for the years ended December 31, 2023, 2022 and 2021 was immaterial to the Company. Cash paid for amounts included in the measurement of operating lease liabilities during the years ended December 31, 2023 and 2022 wa |
Earnings Per Common Share of MA
Earnings Per Common Share of MAA | 12 Months Ended |
Dec. 31, 2023 | |
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 common 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, 2023, 2022 and 2021, 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 2023 2022 2021 Net income $ 567,831 $ 654,776 $ 550,702 Net income attributable to noncontrolling interests ( 15,025 ) ( 17,340 ) ( 16,911 ) Unvested restricted shares (allocation of earnings) ( 224 ) ( 438 ) ( 539 ) Dividends to MAA Series I preferred shareholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders, adjusted $ 548,894 $ 633,310 $ 529,564 Weighted average common shares - basic 116,521 115,344 114,717 Earnings per common share - basic $ 4.71 $ 5.49 $ 4.62 Calculation of Earnings per common share - diluted Net income $ 567,831 $ 654,776 $ 550,702 Net income attributable to noncontrolling interests (1) ( 15,025 ) ( 17,340 ) ( 16,911 ) Dividends to MAA Series I preferred shareholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders, adjusted $ 549,118 $ 633,748 $ 530,103 Weighted average common shares - basic 116,521 115,344 114,717 Effect of dilutive securities 124 239 322 Weighted average common shares - diluted 116,645 115,583 115,039 Earnings per common share - diluted $ 4.71 $ 5.48 $ 4.61 (1) For the years ended December 31, 2023, 2022 and 2021 , 3.1 million, 3.2 million and 3.7 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, 2023 | |
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, 2023, 2022 and 2021, 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 2023 2022 2021 Net income $ 567,831 $ 654,776 $ 550,702 Net (income) loss attributable to noncontrolling interests ( 62 ) 293 — Unvested restricted units (allocation of earnings) ( 224 ) ( 438 ) ( 539 ) Distributions to MAALP Series I preferred unitholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAALP common unitholders, adjusted $ 563,857 $ 650,943 $ 546,475 Weighted average common units - basic 119,674 118,538 118,400 Earnings per common unit - basic $ 4.71 $ 5.49 $ 4.62 Calculation of Earnings per common unit - diluted Net income $ 567,831 $ 654,776 $ 550,702 Net (income) loss attributable to noncontrolling interests ( 62 ) 293 — Distributions to MAALP Series I preferred unitholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAALP common unitholders, adjusted $ 564,081 $ 651,381 $ 547,014 Weighted average common units - basic 119,674 118,538 118,400 Effect of dilutive securities 124 239 322 Weighted average common units - diluted 119,798 118,777 118,722 Earnings per common unit - diluted $ 4.71 $ 5.48 $ 4.61 |
Stock-Based Compensation
Stock-Based Compensation | 12 Months Ended |
Dec. 31, 2023 | |
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 2023 Omnibus Incentive Plan, or the Omnibus Plan, which was approved at the 2023 annual meeting of MAA shareholders. The Omnibus Plan allows for the grant of awards, including restricted stock and stock options, with respect to up to 1,000,000 shares. Prior to the Omnibus Plan, incentives were awarded under the Amended and Restated 2013 Stock Incentive Plan, or the Stock Incentive Plan, which was approved at the 2018 annual meeting of MAA shareholders. The Stock Incentive Plan allowed for the grant of awards, including restricted stock and stock options, with respect to up to 2,000,000 shares. MAA believes that such awards better align the interests of its employees with those of its shareholders. The Omnibus Plan and the Stock Incentive Plan are collectively referred to as the Stock Plans. 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 Plans was $ 18.3 million, $ 20.1 million and $ 18.2 million for the years ended December 31, 2023, 2022 and 2021 , respectively. Of these amounts, total compensation expense capitalized was $ 2.5 million, $ 1.3 million and $ 1.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. As of December 31, 2023 , the total unrecognized compensation expense was $ 13.1 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 $ 7.9 million, $ 14.0 million and $ 9.0 million for the years ended December 31, 2023, 2022 and 2021, respectively. Information concerning grants under the Stock Plans 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 the grant date up to 3 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, 2023, 2022 and 2021 , was $ 102.55 , $ 144.77 and $ 88.22 , 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, 2023, 2022 and 2021: 2023 2022 2021 Risk free rate 4.096 % 1.010 % 0.161 % Dividend yield 3.550 % 2.024 % 3.341 % Volatility 28.99 % 25.84 % 28.04 % 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 restricted stock awards according to the related vesting schedule. A summary of the status of the nonvested restricted shares as of December 31, 2023, and the changes for the year ended December 31, 2023, is presented below: Nonvested Shares Shares Weighted Average Grant-Date Fair Value Nonvested as of January 1, 2023 125,765 $ 136.60 Issued 131,090 128.71 Vested ( 159,590 ) 108.41 Forfeited ( 835 ) 176.55 Nonvested as of December 31, 2023 96,430 $ 172.18 The total fair value of shares vested during the years ended December 31, 2023, 2022 and 2021 was $ 17.3 million, $ 16.0 million and $ 15.8 million, respectively. Stock Options Options to purchase 463 shares of MAA's common stock were outstanding as of December 31, 2023 . No stock options were granted or expired during the years ended December 31, 2023, 2022 and 2021 . There were no options, 350 options and 19,032 options exercised during the years ended December 31, 2023, 2022 and 2021, respectively. These exercises resulted in net proceeds that were negligible during the year ended December 31, 2022 and $ 1.5 million for the year ended December 31, 2021 . |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2023 | |
Notes To Financial Statements [Abstract] | |
Borrowings | 5. Borrowings The following table summarizes the Company’s outstanding debt as of December 31, 2023 and 2022 (dollars in thousands): As of December 31, 2023 Unsecured debt December 31, 2023 December 31, 2022 Weighted Average Effective Rate Weighted Average Contract Maturity Variable rate commercial paper program $ 495,000 $ 20,000 5.7 % 1/7/2024 Fixed rate senior notes 3,700,000 4,050,000 3.3 % 11/23/2029 Debt issuance costs, discounts, premiums and fair market value adjustments ( 14,916 ) ( 19,090 ) Total unsecured debt $ 4,180,084 $ 4,050,910 3.6 % Secured debt Fixed rate property mortgages $ 363,293 $ 367,154 4.4 % 1/26/2049 Debt issuance costs ( 3,152 ) ( 3,161 ) Total secured debt $ 360,141 $ 363,993 4.4 % Total outstanding debt $ 4,540,225 $ 4,414,903 3.6 % Unsecured Revolving Credit Facility In July 2022, MAALP amended its unsecured revolving credit facility, increasing its borrowing capacity to $ 1.25 billion with an option to expand to $ 2.0 billion. The revolving credit facility bears interest at an adjusted Secured Overnight Financing Rate plus a spread of 0.70 % to 1.40 % based on an investment grade pricing grid. The revolving credit facility has a maturity date in October 2026 with an option to extend for two additional six-month periods. As of December 31, 2023 , there was no outstanding balance under the revolving credit facility, while $ 4.5 million of capacity was used to support outstanding letters of credit. Unsecured Commercial Paper MAALP has established an unsecured commercial paper program whereby MAALP may issue unsecured commercial paper notes with var ying maturities not to exceed 397 days. In September 2022, MAALP amended its commercial paper program to increase the maximum aggregate principal amount of notes that may be outstanding from time to time under the program to $ 625.0 million. As of December 31, 2023, MAALP had $ 495.0 million outstanding under the commercial paper program. For the year ended December 31, 2023 , the average daily borrowings outstanding under the commercial paper program were $ 95.1 million. Unsecured Senior Notes As of December 31, 2023, MAALP had $ 3.7 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 maturity in 2029. In October 2023, MAALP retired $ 350.0 million of publicly issued unsecured senior notes at maturity using available cash on hand and borrowings under the commercial paper program. In January 2024, MAALP publicly issued $ 350.0 million in aggregate principal amount of unsecured senior notes due March 2034 with a coupon rate of 5.000 % per annum and at an issue price of 99.019 %. Interest is payable semi-annually in arrears on March 15 and September 15 of each year, commencing September 15, 2024. The proceeds from the sale of the notes were used to repay borrowings on the commercial paper program. The notes have an effective interest rate of 5.123 %. Secured Property Mortgages As of December 31, 2023, MAALP had $ 363.3 million of fixed rate conventional property mortgages with a weighted average maturity in 2049 . In July 2023, MAALP retired $ 3.0 million remaining on a mortgage associated with an apartment community prior to its June 2025 maturity. Upcoming Debt Obligations As of December 31, 2023, MAALP’s debt obligations over the next 12 months consist of approximately $ 895 million of principal obligations, including $ 495.0 million of commercial paper borrowings due January 2024 and $ 400.0 million of unsecured senior notes due June 2024. Schedule of Maturities The following table includes scheduled principal repayments of MAALP’s outstanding borrowings as of December 31, 2023, as well as the amortization of debt issuance costs, discounts, premiums and fair market value adjustments (in thousands): Maturities Amortization Total 2024 $ 895,000 $ ( 340 ) $ 894,660 2025 400,000 ( 1,453 ) 398,547 2026 300,000 ( 2,027 ) 297,973 2027 600,000 ( 2,666 ) 597,334 2028 400,000 ( 2,697 ) 397,303 Thereafter 1,963,293 ( 8,885 ) 1,954,408 Total $ 4,558,293 $ ( 18,068 ) $ 4,540,225 |
Financial Instruments and Deriv
Financial Instruments and Derivatives | 12 Months Ended |
Dec. 31, 2023 | |
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, 2023 and 2022 totaled $ 4.0 billion and $ 4.4 billion, respectively, and had estimated fair values of $ 3.7 billion and $ 3.9 billion (excluding prepayment penalties) as of December 31, 2023 and 2022, respectively. 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 carrying values of variable rate debt as of December 31, 2023 and 2022 totaled $ 495.0 million and $ 20.0 million , respectively, and the variable rate debt had estimated fair values of $ 495.0 million and $ 20.0 million as of December 31, 2023 and 2022 , respectively. The fair values of variable rate debt is 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, 2023 , 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 inputs in the analysis, including trading data available on the preferred shares, estimated coupon yields on preferred stock instruments from REITs with similar credit ratings as MAA and treasury rates to estimate 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) expense” in the accompanying Consolidated Statements of Operations. As of December 31, 2023 and 2022, the fair value of the embedded derivative was $ 31.9 million and $ 13.4 million , respectively. 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 valuations of its debt and embedded derivative held as of December 31, 2023 and 2022 were classified as Level 2 in the fair value hierarchy. The fair value of the Company’s marketable equity securities discussed in Note 1 is based on quoted market prices and are classified as Level 1 in the fair value hierarchy. Terminated Cash Flow Hedges of Interest As of December 31, 2023, the Company had $ 8.8 million recorded in “Accumulated other comprehensive loss,” or AOCL, related to realized losses associated with terminated interest rate swaps that were designated as cash flow hedging instruments prior to their termination. The realized losses associated with the terminated interest rate swaps are reclassified to interest expense as interest payments are made on the Company’s debt and will continue to be reclassified to interest expense until the debt’s maturity. During the next 12 months, the Company estimates an additional $ 1.9 million will be reclassified to earnings as an increase to “Interest expense.” Tabular Disclosure of the Effect of Derivative Instruments on the Consolidated 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, 2023, 2022 and 2021, respectively (dollars in thousands): Derivatives in Cash Flow Location of Loss Reclassified Net Loss Reclassified from AOCL into Interest Expense Hedging Relationships from AOCL into Income 2023 2022 2021 Terminated interest rate swaps Interest expense $ ( 1,326 ) $ ( 1,114 ) $ ( 1,114 ) Derivatives Not Designated Location of Gain (Loss) Recognized Gain (Loss) Recognized in Earnings on Derivative as Hedging Instruments in Earnings on Derivative 2023 2022 2021 Preferred stock embedded derivative Other non-operating (income) expense $ 18,528 $ ( 21,107 ) $ ( 4,560 ) |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
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 $ 4.6 million for the year ended December 31, 2023 , taxable loss of $ 45.2 million for the year ended December 31, 2022 and taxable income of $ 51.8 million for the year ended December 31, 2021 . The Company’s TRS recognized income tax expense of $ 1.0 million for the year ended December 31, 2023 , income tax benefit of $ 9.5 million for the year ended December 31, 2022 and income tax expense of $ 10.9 million for the year ended December 31, 2021. One of the Company’s TRS generally provides the Company with services (property management services to a real estate joint venture and other services) for which the Company reimburses the TRS. In addition, one of the Company’s TRS owns the investments in the technology-focused limited partnerships and marketable securities that generate investment income and losses. The investment income or loss is recognized for tax purposes at the time of sale or exchange of the investment. 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 year ended December 31, 2023 was $ 4.7 million, income tax benefit for the year ended December 31, 2022 was $ 6.2 million and income tax expense for the year ended December 31, 2021 was $ 13.6 million, as presented in “Income tax (expense) benefit” in the accompanying Consolidated Statements of Operations. As of December 31, 2023 and 2022, the components of the Company’s TRS deferred income tax assets and liabilities were as follows (dollars in thousands): December 31, 2023 December 31, 2022 Deferred tax liability: Unrealized gain from limited partnerships $ 300 $ 1,122 Unrealized gain from marketable securities & other 3,575 1,700 Total deferred tax liability $ 3,875 $ 2,822 Net deferred tax liability $ 3,875 $ 2,822 The net deferred tax liability balances are reflected in “Accrued expenses and other liabilities” in the accompanying Consolidated Balance Sheets. The TRS have no reserve for uncertain tax positions for the years ended December 31, 2023 and 2022, 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 accrue interest and penalties on unrecognized tax benefits as a component of income tax expense. Net Operating Loss Carryforwards As of December 31, 2023 , the Company held federal net operating loss, or NOL, carryforwards of $ 46.2 million for income tax purposes that expire in the years 2024 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 NOL to offset all or a portion of the taxable income generated at the REIT level. Tax years 2020 through 2023 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, 2023, 2022 and 2021, dividends per share held for the entire year were estimated to be taxable as follows: 2023 2022 2021 Amount Percentage Amount Percentage Amount Percentage Ordinary income $ 5.60 100.00 % $ 4.44 95.03 % $ 2.43 59.18 % Capital gains — — 0.23 4.78 % 1.36 33.15 % Un-recaptured Section 1250 gains — — 0.01 0.19 % 0.31 7.67 % Total $ 5.60 100 % $ 4.68 100 % $ 4.10 100 % 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, 2023 | |
Shareholders Equity Of M A A [Abstract] | |
Shareholders' Equity of MAA | 8. Shareholders’ Equity of MAA As of December 31, 2023, 116,694,124 shares of common stock of MAA and 3,143,972 OP Units (excluding the OP Units held by MAA) were issued and outstanding, representing a total of 119,838,096 common shares and units. As of December 31, 2022, 115,480,336 shares of common stock of MAA and 3,164,933 OP Units (excluding the OP Units held by MAA) were issued and outstanding, representing a total of 118,645,269 common shares and units. Preferred Stock As of December 31, 2023, 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. 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 9,787 in 2023, 6,547 in 2022 and 6,301 in 2021 were acquired by participants under the DRSPP. MAA did not offer a discount for optional cash purchases in 2023, 2022 or 2021. 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 is net of issuance costs. Under the forward sale agreements, the forward sale price was subject to adjustment on a daily basis based on a floating interest rate factor equal to a specified daily rate less a spread and was decreased based on amounts related to dividends on MAA’s common stock during the term of the forward sale agreements. In January 2023, MAA settled its two forward sale agreements with respect to a total of 1.1 million shares at a forward price per share of $ 185.23 , which is inclusive of adjustments made to reflect the then-current federal funds rate, the amount of dividends paid to holders of MAA common stock and commissions paid to sales agents, for net proceeds of $ 203.7 million. The impact of the forward sale agreements was no t dilutive to the Company’s diluted earnings per share for the years ended December 31, 2023 and 2022. 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, 2023, 2022 and 2021 MAA did no t sell any shares of common stock under its ATM program. As of December 31, 2023, 4.0 million shares remained issuable under the current ATM program. |
Partners' Capital of MAALP
Partners' Capital of MAALP | 12 Months Ended |
Dec. 31, 2023 | |
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, 2023, there were 119,838,096 OP Units outstanding, 116,694,124 , or 97.4 % , 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 3,143,972 OP Units were Class A OP Units owned by Class A limited partners. As of December 31, 2022, there were 118,645,269 OP Units outstanding, 115,480,336 , or 97.3 % , of which were owned by MAA and 3,164,933 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, 2023, a total of 3,143,972 Class A OP Units were outstanding and redeemable for 3,143,972 shares of MAA common stock, with an approximate value of $ 422.7 million , based on the closing price of MAA’s common stock on December 31, 2023 of $ 134.46 per share. As of December 31, 2022, a total of 3,164,933 Class A OP Units were outstanding and redeemable for 3,164,933 shares of MAA common stock, with an approximate value of $ 496.9 million , based on the closing price of MAA’s common stock on December 31, 2022 of $ 156.99 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, 2023, 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, 2023, 867,846 units of the MAALP Series I preferred units were outstanding and owned by MAA. 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, 2023 | |
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 $ 4.7 million , $ 4.4 million and $ 4.1 million for the years ended December 31, 2023, 2022 and 2021, 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, 2023, 2022 and 2021 of $ 0.4 million , $ 0.5 million and $ 0.1 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, 2023, 2022 and 2021, directors deferred 9,459 shares, 6,122 shares and 6,944 shares of common stock, respectively, with weighted-average grant date fair values of $ 145.96 , $ 174.76 and $ 164.23 , 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. As of December 31, 2023, there was no liability related to mandatorily redeemable shares. As of December 31, 2022 , $ 0.7 million of mandatorily redeemable shares were recorded as a liability and classified in “Accrued expenses and other liabilities” in the Consolidated Balance Sheets. 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 2023, 2022 or 2021. As of December 31, 2023, the ESOP held 123,762 shares with a fair value of $ 16.6 million . |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2023 | |
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 are generally intended to compensate for the impact of inflation. The Company also has other commitments related to negligible office and equipment operating leases. As of December 31, 2023, the Company’s operating leases had a weighted average remaining lease term of approximately 34 years and a weighted average discount rate of approximately 4.5 %. 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 liabilities recorded on the Consolidated Balance Sheets as of December 31, 2023 (in thousands): Operating Leases 2024 $ 2,951 2025 2,919 2026 2,968 2027 3,002 2028 1,583 Thereafter 55,605 Total minimum lease payments 69,028 Net present value adjustments ( 41,684 ) Right-of-use lease liabilities $ 27,344 Legal Proceedings In late 2022 and early 2023, 28 putative class action lawsuits were filed against RealPage, Inc., along with over 50 of the largest owners and operators of apartment communities in the country, including the Company (the “RealPage Litigation”), alleging that RealPage and lessors of multifamily residential real estate conspired to artificially inflate the prices of multifamily residential real estate above competitive levels through the use of RealPage’s revenue management software. The plaintiffs are seeking monetary damages and attorneys’ fees and costs and injunctive relief. The Company believes the RealPage Litigation is without merit as it pertains to the Company and plans to vigorously defend the RealPage Litigation. On April 10, 2023, the Joint Panel on Multidistrict Litigation issued an order centralizing the cases in the Middle District of Tennessee for coordinated or consolidated pretrial proceedings. The Company is unable to predict the outcome of the RealPage Litigation given its early stage. While the Company does not believe that the RealPage Litigation will have a material adverse effect on its financial condition, the Company cannot give assurance that the RealPage Litigation will not have a material effect on its results of operations. The Company is subject to various other legal proceedings and claims that arise in the ordinary course of its business operations. While the resolution of these matters cannot be predicted with certainty, management does not currently believe that these 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. Matters that arise out of allegations of bodily injury, property damage and employment practices are generally covered by insurance. As of December 31, 2023 and 2022, the Company’s accrual for loss contingencies relating to unresolved legal matters, including the cost to defend, was $ 7.6 million and $ 10.0 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, 2023 | |
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 negligible payable to MAA, its general partner, as of December 31, 2023 and 2022 that is eliminated in the preparation of MAA’s consolidated financial statements. 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, 2023 | |
Notes To Financial Statements [Abstract] | |
Segment Information | 13. Segment Information As of December 31, 2023, 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. The Company has aggregated its operating segments into two reportable segments as management believes the apartment communities in each reportable segment generally have 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 that have been disposed of or identified for disposition, communities that have experienced 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 and storm related expenses related to hurricanes. 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 month s. Communities are considered stabilized when achieving 90 % average physical occupancy for 90 days . The chief operating decision maker utilizes NOI in evaluating the performance of the 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, 2023, 2022 and 2021 were as follows (in thousands): 2023 2022 2021 Revenues: Same Store Rental revenues $ 2,013,283 $ 1,895,071 $ 1,683,380 Other property revenues 11,468 11,932 11,854 Total Same Store revenues 2,024,751 1,907,003 1,695,234 Non-Same Store and Other Rental revenues 122,935 111,067 81,822 Other property revenues 782 1,796 1,026 Total Non-Same Store and Other revenues 123,717 112,863 82,848 Total rental and other property revenues $ 2,148,468 $ 2,019,866 $ 1,778,082 Net Operating Income: Same Store NOI $ 1,306,939 $ 1,232,893 $ 1,061,572 Non-Same Store and Other NOI 73,388 63,279 45,345 Total NOI 1,380,327 1,296,172 1,106,917 Depreciation and amortization ( 565,063 ) ( 542,998 ) ( 533,433 ) Property management expenses ( 67,784 ) ( 65,463 ) ( 55,732 ) General and administrative expenses ( 58,578 ) ( 58,833 ) ( 52,884 ) Interest expense ( 149,234 ) ( 154,747 ) ( 156,881 ) (Loss) gain on sale of depreciable real estate assets ( 62 ) 214,762 220,428 Gain on sale of non-depreciable real estate assets 54 809 811 Other non-operating income (expense) 31,185 ( 42,713 ) 33,902 Income tax (expense) benefit ( 4,744 ) 6,208 ( 13,637 ) Income from real estate joint venture 1,730 1,579 1,211 Net income attributable to noncontrolling interests ( 15,025 ) ( 17,340 ) ( 16,911 ) Dividends to MAA Series I preferred shareholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders $ 549,118 $ 633,748 $ 530,103 Assets for each reportable segment as of December 31, 2023 and 2022 were as follows (in thousands): December 31, 2023 December 31, 2022 Assets: Same Store $ 9,509,470 $ 9,697,889 Non-Same Store and Other 1,776,165 1,370,721 Corporate 198,868 172,555 Total assets $ 11,484,503 $ 11,241,165 |
Real Estate Acquisitions and Di
Real Estate Acquisitions and Dispositions | 12 Months Ended |
Dec. 31, 2023 | |
Real Estate [Abstract] | |
Real Estate Acquisitions and Dispositions | 14. Real Estate Acquisitions and Dispositions During the year ended December 31, 2023 , the Company closed on the acquisition of a 323 -unit multifamily apartment community located in the Phoenix, Arizona market for approximately $ 103 million and a 352 -unit multifamily apartment community located in the Charlotte, North Carolina market for approximately $ 107 million. During the year ended December 31, 2022, the Company acquired a 196 -unit multifamily apartment community located in the Tampa, Florida market for approximately $ 73 million and a 344 -unit multifamily apartment community located in the Charlotte, North Carolina market for approximately $ 140 million. During the year ended December 31, 2023, the Company did not dispose of any multifamily apartment communities. During the year ended December 31, 2022, the Company closed on the dispositions of two multifamily communities in the Fort Worth, Texas market, one multifamily community in Maryland and one multifamily community in the Austin, Texas market. The Company received combined gross proceeds of approximately $ 325 million and recognized a combined gain on the sale of depreciable real estate assets of approximately $ 215 million. During the year ended December 31, 2023 , the Company acquired a six -acre land parcel in the Orlando, Florida market for approximately $ 12 million and a half -acre land parcel in the Raleigh, North Carolina market for approximately $ 1 million. During the year ended December 31, 2022, the Company acquired five land parcels for future development for approximately $ 59 million. During the year ended December 31, 2023 , the Company closed on the disposition of 21 acres of land in the Gulf Shores, Alabama market for gross proceeds of approximately $ 3 million, resulting in the recognition of a negligible gain on the sale of non-depreciable real estate assets. During the year ended December 31, 2022, the Company closed on the disposition of two land parcels in the Huntsville, Alabama market for combined gross proceeds of approximately $ 1 million, resulting in the recognition of a negligible gain on the sale of non-depreciable real estate assets. |
Schedule III Real Estate and Ac
Schedule III Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2023 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in 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 $ — $ 4,874 $ 2,641 $ 33,716 $ 36,357 $ ( 14,048 ) $ 22,309 2009 2011 Colonial Grand at Riverchase Trails Birmingham, AL — 3,762 22,079 — 7,639 3,762 29,718 33,480 ( 13,775 ) 19,705 2010 2013 Colonial Village at Trussville Birmingham, AL — 3,403 31,813 — 7,581 3,403 39,394 42,797 ( 16,557 ) 26,240 1996/97 2013 Eagle Ridge Birmingham, AL — 852 7,667 — 6,044 852 13,711 14,563 ( 10,133 ) 4,430 1986 1998 Colonial Grand at Traditions Gulf Shores, AL — 3,212 25,162 — 7,726 3,212 32,888 36,100 ( 14,324 ) 21,776 2007 2013 Colonial Grand at Edgewater Huntsville, AL — 4,944 38,673 — 10,725 4,944 49,398 54,342 ( 19,236 ) 35,106 1990 2013 Paddock Club at Providence Huntsville, AL — 1,740 10,152 — 19,404 1,740 29,556 31,296 ( 18,831 ) 12,465 1993 1997 Colonial Grand at Madison Madison, AL — 3,602 28,934 — 4,895 3,602 33,829 37,431 ( 14,534 ) 22,897 2000 2013 Cypress Village Orange Beach, AL — 1,290 12,238 — 3,536 1,290 15,774 17,064 ( 6,523 ) 10,541 2008 2013 Colonial Grand at Liberty Park Vestavia Hills, AL — 3,922 30,977 — 10,185 3,922 41,162 45,084 ( 17,933 ) 27,151 2000 2013 MAA Sky View Gilbert, AZ — 2,668 14,577 — 3,453 2,668 18,030 20,698 ( 9,220 ) 11,478 2007 2009 MAA City Gate Mesa, AZ — 4,219 26,255 — 5,505 4,219 31,760 35,979 ( 13,121 ) 22,858 2002 2013 MAA Lyon's Gate Phoenix, AZ — 7,901 27,182 — 5,241 7,901 32,423 40,324 ( 16,691 ) 23,633 2007 2008 MAA Fountainhead Phoenix, AZ — (1) 12,212 56,705 — 3,705 12,212 60,410 72,622 ( 13,915 ) 58,707 2015 2016 MAA Foothills Phoenix, AZ — 12,741 47,701 — 6,651 12,741 54,352 67,093 ( 31,364 ) 35,729 2005 2006 MAA Phoenix Midtown Phoenix, AZ — 9,001 — — 74,433 9,001 74,433 83,434 ( 10,403 ) 73,031 2021 2019 MAA Central Ave Phoenix, AZ — 11,323 90,350 — — 11,323 90,350 101,673 ( 541 ) 101,132 2022 2023 MAA Old Town Scottsdale Scottsdale, AZ — 7,820 51,627 — 13,075 7,820 64,702 72,522 ( 24,850 ) 47,672 1994/95 2013 MAA Camelback Scottsdale, AZ — 3,612 20,273 — 7,136 3,612 27,409 31,021 ( 10,475 ) 20,546 1999 2013 MAA SkySong Scottsdale, AZ — — 55,748 — 5,160 — 60,908 60,908 ( 14,354 ) 46,554 2014 2015 MAA River North Denver, CO — 14,500 28,900 — 41,814 14,500 70,714 85,214 ( 14,943 ) 70,271 2018 2016 MAA Promenade Denver, CO — 24,111 81,317 — 23,171 24,111 104,488 128,599 ( 18,619 ) 109,980 2017/19 2018 MAA Westglenn Denver, CO — 8,077 — — 74,335 8,077 74,335 82,412 ( 9,398 ) 73,014 2021 2018 MAA Tiffany Oaks Altamonte Springs, FL — 1,024 9,219 — 8,512 1,024 17,731 18,755 ( 12,741 ) 6,014 1985 1996 MAA Lakewood Ranch Bradenton, FL — 2,980 40,230 — 10,220 2,980 50,450 53,430 ( 19,988 ) 33,442 1999 2013 MAA Indigo Point Brandon, FL — 1,167 10,500 — 6,619 1,167 17,119 18,286 ( 11,661 ) 6,625 1989 2000 MAA Brandon Brandon, FL — 2,896 26,111 — 10,844 2,896 36,955 39,851 ( 26,741 ) 13,110 1998 1997 MAA Coral Springs Coral Springs, FL — 9,600 40,004 — 19,014 9,600 59,018 68,618 ( 34,915 ) 33,703 1996 2004 Paddock Club Gainesville Gainesville, FL — 1,800 15,879 — 7,070 1,800 22,949 24,749 ( 13,687 ) 11,062 1999 1998 Retreat at Magnolia Parke Gainesville, FL — 2,040 16,338 — 1,973 2,040 18,311 20,351 ( 7,986 ) 12,365 2009 2011 MAA Heathrow Heathrow, FL — 4,101 35,684 — 6,673 4,101 42,357 46,458 ( 18,480 ) 27,978 1997 2013 220 Riverside Jacksonville, FL — 2,381 35,514 — 9,621 2,381 45,135 47,516 ( 10,000 ) 37,516 2015 2012 Atlantic Crossing Jacksonville, FL — 4,000 19,495 — 4,420 4,000 23,915 27,915 ( 10,140 ) 17,775 2008 2011 Coopers Hawk Jacksonville, FL — 854 7,500 — 5,620 854 13,120 13,974 ( 10,199 ) 3,775 1987 1995 Hunters Ridge Deerwood Jacksonville, FL — 1,533 13,835 — 7,159 1,533 20,994 22,527 ( 16,017 ) 6,510 1987 1997 Lakeside Jacksonville, FL — 1,430 12,883 — 10,902 1,430 23,785 25,215 ( 18,466 ) 6,749 1985 1996 Lighthouse at Fleming Island Jacksonville, FL — 4,047 35,052 — 7,883 4,047 42,935 46,982 ( 27,537 ) 19,445 2003 2003 Paddock Club Mandarin Jacksonville, FL — 1,411 14,967 — 5,267 1,411 20,234 21,645 ( 12,142 ) 9,503 1998 1998 MAA Mandarin Lakes Jacksonville, FL — 2,857 6,475 — 23,781 2,857 30,256 33,113 ( 15,848 ) 17,265 1987/2008 1995 Tattersall at Tapestry Park Jacksonville, FL — 6,417 36,069 — 4,235 6,417 40,304 46,721 ( 16,663 ) 30,058 2009 2011 Woodhollow Jacksonville, FL — 1,678 15,179 — 11,404 1,678 26,583 28,261 ( 20,669 ) 7,592 1986 1997 MAA Lake Mary Lake Mary, FL — (2) 6,346 41,539 — 26,633 6,346 68,172 74,518 ( 23,829 ) 50,689 2012 2013 MAA Town Park Lake Mary, FL — 9,223 66,873 — 11,657 9,223 78,530 87,753 ( 34,905 ) 52,848 2004/05 2013 MAA Heather Glen Orlando, FL — 4,662 56,988 — 10,465 4,662 67,453 72,115 ( 28,202 ) 43,913 2000 2013 MAA Randal Lakes Orlando, FL — 8,859 50,553 — 50,750 8,859 101,303 110,162 ( 23,114 ) 87,048 2014/17 2013 MAA Robinson Orlando, FL — 6,003 — — 91,741 6,003 91,741 97,744 ( 11,620 ) 86,124 2021 2018 MAA Baldwin Park Orlando, FL — 18,101 144,200 — 7,015 18,101 151,215 169,316 ( 43,119 ) 126,197 2011 2016 MAA Crosswater Orlando, FL — 7,046 52,585 — 3,181 7,046 55,766 62,812 ( 14,359 ) 48,453 2013 2016 MAA Parkside Orlando, FL — 5,669 49,754 — 10,855 5,669 60,609 66,278 ( 16,663 ) 49,615 1999 2016 MAA Lake Nona Orlando, FL — 7,880 41,175 — 8,389 7,880 49,564 57,444 ( 20,138 ) 37,306 2006 2012 Sand Lake Orlando, FL — 7,635 — — 56,019 7,635 56,019 63,654 ( 7,632 ) 56,022 2021 2019 MAA Palm Harbor Palm Harbor, FL — 6,900 26,613 — 6,114 6,900 32,727 39,627 ( 16,900 ) 22,727 2000 2009 Club at Panama Beach Panama City, FL — 893 14,276 — 6,718 893 20,994 21,887 ( 13,126 ) 8,761 2000 1998 MAA Twin Lakes Sanford, FL — 3,091 47,793 — 7,978 3,091 55,771 58,862 ( 22,697 ) 36,165 2005 2013 Paddock Club Tallahassee Tallahassee, FL — 1,480 4,805 — 16,114 1,480 20,919 22,399 ( 16,166 ) 6,233 1992 1997 Verandas at Southwood Tallahassee, FL — 3,600 25,914 — 3,292 3,600 29,206 32,806 ( 9,867 ) 22,939 2003 2011 MAA Belmere Tampa, FL — 852 7,667 — 10,059 852 17,726 18,578 ( 12,488 ) 6,090 1984 1994 MAA Hampton Preserve Tampa, FL — 17,029 131,398 — 6,709 17,029 138,107 155,136 ( 32,817 ) 122,319 2012/21 2013/22 MAA Carrollwood Tampa, FL — 927 7,355 — 8,301 927 15,656 16,583 ( 11,174 ) 5,409 1980 1998 MAA Bay View Tampa, FL — 4,541 28,381 — 3,215 4,541 31,596 36,137 ( 8,951 ) 27,186 1997 2016 MAA Harbour Island Tampa, FL — 16,296 116,193 — 19,476 16,296 135,669 151,965 ( 39,833 ) 112,132 1997 2016 MAA Hyde Park Tampa, FL — 16,891 95,259 — 13,903 16,891 109,162 126,053 ( 31,218 ) 94,835 1994 2016 MAA Rocky Point Tampa, FL — 35,260 153,102 — 23,041 35,260 176,143 211,403 ( 50,629 ) 160,774 1994-1996 2016 MAA SoHo Square Tampa, FL — (1) 5,190 56,296 — 2,218 5,190 58,514 63,704 ( 14,636 ) 49,068 2012 2016 MAA Tampa Oaks Tampa, FL — 2,891 19,055 — 5,038 2,891 24,093 26,984 ( 11,896 ) 15,088 2005 2008 MAA Seven Oaks Wesley Chapel, FL — 3,051 42,768 — 5,171 3,051 47,939 50,990 ( 19,693 ) 31,297 2004 2013 MAA Windermere Windermere, FL — (1) 2,711 36,710 — 4,129 2,711 40,839 43,550 ( 16,012 ) 27,538 2009 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 MAA Briarcliff Atlanta, GA — 24,614 114,921 — 11,207 24,614 126,128 150,742 ( 34,513 ) 116,229 1996 2016 MAA Brookhaven Atlanta, GA — 29,048 106,463 — 15,230 29,048 121,693 150,741 ( 35,573 ) 115,168 1989-1992 2016 MAA Brookwood Atlanta, GA — (2) 11,168 52,758 — 8,369 11,168 61,127 72,295 ( 24,045 ) 48,250 2008 2012 MAA Buckhead Atlanta, GA — 8,633 19,844 — 12,300 8,633 32,144 40,777 ( 13,651 ) 27,126 2002 2012 MAA Centennial Park Atlanta, GA — 13,650 10,950 — 63,329 13,650 74,279 87,929 ( 13,099 ) 74,830 2018 2016 MAA Chastain Atlanta, GA — 30,223 82,964 — 6,053 30,223 89,017 119,240 ( 24,772 ) 94,468 1990 2016 MAA Dunwoody Atlanta, GA — 15,799 48,054 — 7,672 15,799 55,726 71,525 ( 15,838 ) 55,687 1995 2016 MAA Gardens Atlanta, GA — 17,907 56,093 — 12,754 17,907 68,847 86,754 ( 19,499 ) 67,255 1996 2016 MAA Glen Atlanta, GA — 13,878 51,079 — 9,017 13,878 60,096 73,974 ( 17,023 ) 56,951 1996 2016 MAA Lenox Atlanta, GA — 23,876 165,572 — 6,392 23,876 171,964 195,840 ( 51,397 ) 144,443 2006/15 2016 MAA Midtown Atlanta, GA — 7,000 44,000 — 41,969 7,000 85,969 92,969 ( 15,158 ) 77,811 2017 2016 MAA Oglethorpe Atlanta, GA — 6,856 31,441 — 8,682 6,856 40,123 46,979 ( 19,786 ) 27,193 1994 2008 MAA Peachtree Hills Atlanta, GA — 11,974 55,264 — 2,665 11,974 57,929 69,903 ( 15,439 ) 54,464 1992-1994/2009 2016 MAA Piedmont Park Atlanta, GA — 11,025 34,277 — 6,445 11,025 40,722 51,747 ( 10,559 ) 41,188 1999 2016 MAA Riverside Atlanta, GA — 23,765 89,369 — 13,151 23,765 102,520 126,285 ( 32,186 ) 94,099 1996 2016 MAA Spring Atlanta, GA — 18,596 57,819 — 8,770 18,596 66,589 85,185 ( 20,475 ) 64,710 1999 2016 MAA Stratford Atlanta, GA — — 30,051 — 7,361 — 37,412 37,412 ( 11,622 ) 25,790 1999 2016 Novel West Midtown Atlanta, GA — 7,000 — — 83,646 7,000 83,646 90,646 ( 2,383 ) 88,263 2021 2023 MAA Berkeley Lake Duluth, GA — 1,960 15,707 — 4,164 1,960 19,871 21,831 ( 9,758 ) 12,073 1998 2013 MAA McDaniel Farm Duluth, GA — 3,985 32,206 — 8,205 3,985 40,411 44,396 ( 19,278 ) 25,118 1997 2013 MAA Pleasant Hill Duluth, GA — 6,753 32,202 — 9,731 6,753 41,933 48,686 ( 19,200 ) 29,486 1996 2013 MAA Prescott Duluth, GA — 3,840 24,011 — 8,458 3,840 32,469 36,309 ( 19,734 ) 16,575 2001 2004 MAA River Oaks Duluth, GA — 4,349 13,579 — 5,749 4,349 19,328 23,677 ( 10,672 ) 13,005 1992 2013 MAA River Place Duluth, GA — 2,059 19,158 — 6,548 2,059 25,706 27,765 ( 11,591 ) 16,174 1994 2013 MAA Mount Vernon Dunwoody, GA — 6,861 23,748 — 5,707 6,861 29,455 36,316 ( 12,388 ) 23,928 1997 2013 MAA Lake Lanier Gainesville, GA — 6,710 40,994 — 14,825 6,710 55,819 62,529 ( 33,672 ) 28,857 1998/2001 2005 MAA Shiloh Kennesaw, GA — 4,864 45,893 — 10,243 4,864 56,136 61,000 ( 24,595 ) 36,405 2002 2013 MAA Milstead LaGrange, GA — 3,100 29,240 — 5,570 3,100 34,810 37,910 ( 13,116 ) 24,794 1998 2008 MAA Barrett Creek Marietta, GA — 5,661 26,186 — 5,414 5,661 31,600 37,261 ( 15,487 ) 21,774 1999 2013 MAA Benton Pooler, GA — 3,550 66,347 — 10,052 3,550 76,399 79,949 ( 31,876 ) 48,073 2001/08 2013 MAA Avala Savannah, GA — 1,500 24,862 — 3,616 1,500 28,478 29,978 ( 12,141 ) 17,837 2009 2011 MAA Hammocks Savannah, GA — 2,441 36,863 — 9,348 2,441 46,211 48,652 ( 19,218 ) 29,434 1997 2013 MAA Huntington Savannah, GA — 2,521 8,223 — 3,455 2,521 11,678 14,199 ( 5,107 ) 9,092 1986 2013 MAA Georgetown Grove Savannah, GA — 1,288 11,579 — 4,878 1,288 16,457 17,745 ( 12,821 ) 4,924 1997 1998 Oaks at Wilmington Island Savannah, GA — 2,864 25,315 — 7,405 2,864 32,720 35,584 ( 18,708 ) 16,876 1999 2006 MAA West Village Smyrna, GA — 14,410 73,733 — 13,222 14,410 86,955 101,365 ( 28,750 ) 72,615 2006/12 2014 Ranch at Prairie Trace Overland Park, KS — 3,500 40,614 — 3,881 3,500 44,495 47,995 ( 10,211 ) 37,784 2015 2015 MAA Pinnacle Lexington, KY — 2,024 31,525 — 8,997 2,024 40,522 42,546 ( 24,708 ) 17,838 2000 1998 MAA Lakepointe Lexington, KY — 411 3,699 — 3,327 411 7,026 7,437 ( 5,650 ) 1,787 1986 1994 MAA Mansion Lexington, KY — 694 6,242 — 5,410 694 11,652 12,346 ( 9,078 ) 3,268 1989 1994 MAA Village Lexington, KY — 900 8,097 — 6,144 900 14,241 15,141 ( 11,491 ) 3,650 1989 1994 Stonemill Village Louisville, KY — 1,169 10,518 — 12,802 1,169 23,320 24,489 ( 17,951 ) 6,538 1985 1994 Market Station Kansas City, MO — 5,814 46,241 — 5,839 5,814 52,080 57,894 ( 19,914 ) 37,980 2010 2012 The Denton Kansas City, MO — 5,520 50,939 — 30,399 5,520 81,338 86,858 ( 17,501 ) 69,357 2013/14/17 2015 MAA Beaver Creek Apex, NC — 7,491 34,863 — 4,819 7,491 39,682 47,173 ( 16,227 ) 30,946 2007 2013 MAA Hermitage Cary, NC — 896 8,099 — 6,558 896 14,657 15,553 ( 11,150 ) 4,403 1988 1997 MAA 900 Waterford Cary, NC — 4,000 20,250 — 7,150 4,000 27,400 31,400 ( 15,781 ) 15,619 1996 2005 MAA 1225 Charlotte, NC — 9,612 22,342 — 34,917 9,612 57,259 66,871 ( 18,730 ) 48,141 2010 2010 MAA Ayrsley Charlotte, NC — 2,481 52,119 — 20,616 2,481 72,735 75,216 ( 27,197 ) 48,019 2008 2013 MAA Ballantyne Charlotte, NC — 16,216 44,817 — 6,324 16,216 51,141 67,357 ( 14,547 ) 52,810 2004 2016 MAA Beverly Crest Charlotte, NC — 3,161 24,004 — 7,427 3,161 31,431 34,592 ( 12,446 ) 22,146 1996 2013 MAA Chancellor Park Charlotte, NC — 5,311 28,016 — 8,358 5,311 36,374 41,685 ( 15,200 ) 26,485 1999 2013 MAA City Grand Charlotte, NC — 1,620 17,499 — 2,538 1,620 20,037 21,657 ( 7,879 ) 13,778 2005 2013 MAA Enclave Charlotte, NC — 1,461 18,984 — 3,096 1,461 22,080 23,541 ( 8,308 ) 15,233 2008 2013 MAA Gateway Charlotte, NC — 17,528 57,444 — 16,196 17,528 73,640 91,168 ( 20,536 ) 70,632 2000 2016 MAA Legacy Park Charlotte, NC — 2,891 28,272 — 5,734 2,891 34,006 36,897 ( 14,199 ) 22,698 2001 2013 MAA LoSo Charlotte, NC — 14,600 108,076 — 17,490 14,600 125,566 140,166 ( 4,707 ) 135,459 2021 2022 MAA Prosperity Creek Charlotte, NC — 4,591 27,713 — 4,094 4,591 31,807 36,398 ( 13,776 ) 22,622 2005 2013 MAA Reserve Charlotte, NC — 4,628 44,282 — 14,845 4,628 59,127 63,755 ( 14,935 ) 48,820 2013 2013 MAA South Line Charlotte, NC — 18,835 58,795 — 7,132 18,835 65,927 84,762 ( 16,985 ) 67,777 2009 2016 MAA South Park Charlotte, NC — 20,869 65,517 — 11,703 20,869 77,220 98,089 ( 22,064 ) 76,025 1996 2016 MAA South Tryon Charlotte, NC — 2,260 19,489 — 4,506 2,260 23,995 26,255 ( 10,097 ) 16,158 2002 2013 MAA University Lake Charlotte, NC — 3,250 31,389 — 7,483 3,250 38,872 42,122 ( 17,008 ) 25,114 1998 2013 MAA Uptown Charlotte, NC — 10,888 30,078 — 10,015 10,888 40,093 50,981 ( 10,400 ) 40,581 2000 2016 MAA Optimist Park Charlotte, NC — 10,574 95,346 — 501 10,574 95,847 106,421 ( 578 ) 105,843 2023 2023 MAA Cornelius Cornelius, NC — 4,571 29,151 — 3,535 4,571 32,686 37,257 ( 14,397 ) 22,860 2009 2013 MAA Patterson Durham, NC — 2,590 27,126 — 5,786 2,590 32,912 35,502 ( 13,674 ) 21,828 1997 2013 MAA Research Park Durham, NC — 4,201 37,682 — 7,539 4,201 45,221 49,422 ( 18,992 ) 30,430 2002 2013 MAA Duke Forest Durham, NC — 3,271 15,609 — 4,021 3,271 19,630 22,901 ( 9,227 ) 13,674 1985 2013 MAA Huntersville Huntersville, NC — 4,251 31,948 — 5,568 4,251 37,516 41,767 ( 16,331 ) 25,436 2008 2013 MAA Fifty-One Matthews, NC — 3,071 21,830 — 8,458 3,071 30,288 33,359 ( 14,171 ) 19,188 2008 2013 MAA Matthews Commons Matthews, NC — 3,690 28,536 — 4,074 3,690 32,610 36,300 ( 13,855 ) 22,445 2008 2013 MAA Arringdon Morrisville, NC — 6,401 31,134 — 7,531 6,401 38,665 45,066 ( 15,925 ) 29,141 2003 2013 MAA Brierdale Raleigh, NC — 7,372 50,202 — 4,850 7,372 55,052 62,424 ( 22,730 ) 39,694 2010 2013 MAA Brier Falls Raleigh, NC — 6,572 48,910 — 4,685 6,572 53,595 60,167 ( 21,495 ) 38,672 2008 2013 MAA Crabtree Raleigh, NC — 2,241 18,434 — 4,821 2,241 23,255 25,496 ( 9,072 ) 16,424 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 MAA Trinity Raleigh, NC — 5,232 45,138 — 8,360 5,232 53,498 58,730 ( 22,957 ) 35,773 2000/02 2013 MAA Hue Raleigh, NC — 3,690 29,910 — 4,193 3,690 34,103 37,793 ( 12,013 ) 25,780 2009 2010 MAA Wade Park Raleigh, NC — 19,434 98,288 — 29,864 19,434 128,152 147,586 ( 37,983 ) 109,603 2011/17/19 2016 MAA Preserve Raleigh, NC — 5,831 21,980 — 29,157 5,831 51,137 56,968 ( 26,485 ) 30,483 2004 2006 MAA Providence Raleigh, NC — 4,695 29,007 — 3,894 4,695 32,901 37,596 ( 17,020 ) 20,576 2007 2008 Colonial Grand at Desert Vista North Las Vegas, NV — 4,091 29,826 — 3,701 4,091 33,527 37,618 ( 14,246 ) 23,372 2009 2013 Colonial Grand at Palm Vista North Las Vegas, NV — 4,909 25,643 — 7,347 4,909 32,990 37,899 ( 14,520 ) 23,379 2007 2013 MAA Tanglewood Anderson, SC — 427 3,853 — 3,687 427 7,540 7,967 ( 6,146 ) 1,821 1980 1994 MAA 1201 Midtown Charleston, SC — 18,679 63,759 — 18,891 18,679 82,650 101,329 ( 16,423 ) 84,906 2015/18 2016 MAA Cypress Cove Charleston, SC — 3,610 28,645 — 6,562 3,610 35,207 38,817 ( 14,284 ) 24,533 2001 2013 MAA Hampton Pointe Charleston, SC — 3,971 22,790 — 11,706 3,971 34,496 38,467 ( 13,937 ) 24,530 1986 2013 MAA Westchase Charleston, SC — 4,571 20,091 — 7,226 4,571 27,317 31,888 ( 12,679 ) 19,209 1985 2013 MAA James Island Charleston, SC — 920 24,097 — 8,839 920 32,936 33,856 ( 13,639 ) 20,217 1987 2013 MAA Rivers Walk Charleston, SC — 8,831 39,430 — 3,992 8,831 43,422 52,253 ( 10,714 ) 41,539 2013/16 2013 Paddock Club Columbia Columbia, SC — 1,840 16,560 — 7,990 1,840 24,550 26,390 ( 18,658 ) 7,732 1991 1997 Fairways Columbia, SC — 910 8,207 — 3,661 910 11,868 12,778 ( 10,322 ) 2,456 1992 1994 MAA Crowfield Goose Creek, SC — 1,321 14,163 — 5,678 1,321 19,841 21,162 ( 9,215 ) 11,947 1985 2013 MAA Highland Ridge Greenville, SC — 482 4,337 — 3,754 482 8,091 8,573 ( 5,946 ) 2,627 1984 1995 MAA Howell Commons Greenville, SC — 1,304 11,740 — 6,346 1,304 18,086 19,390 ( 13,871 ) 5,519 1987 1997 MAA Innovation Greenville, SC — 4,437 52,026 — 3,607 4,437 55,633 60,070 ( 13,876 ) 46,194 2015 2016 MAA Paddock Club Greenville, SC — 1,200 10,800 — 4,421 1,200 15,221 16,421 ( 11,631 ) 4,790 1996 1997 MAA Haywood Greenville, SC — 360 2,925 — 6,090 360 9,015 9,375 ( 6,938 ) 2,437 1983 1993 MAA Spring Creek Greenville, SC — 583 5,374 — 4,775 583 10,149 10,732 ( 7,336 ) 3,396 1985 1995 MAA Greene Greenville, SC — 5,427 66,546 — 1,786 5,427 68,332 73,759 ( 8,152 ) 65,607 2019 2019 MAA Runaway Bay Mt. Pleasant, SC — 1,096 7,269 — 9,438 1,096 16,707 17,803 ( 12,229 ) 5,574 1988 1995 MAA Commerce Park North Charleston, SC — 2,780 33,966 — 6,753 2,780 40,719 43,499 ( 16,635 ) 26,864 2008 2013 MAA Point Place Simpsonville, SC — 1,216 18,666 — 3,046 1,216 21,712 22,928 ( 10,103 ) 12,825 2008 2010 MAA Park Place Spartanburg, SC — 723 6,504 — 3,428 723 9,932 10,655 ( 7,758 ) 2,897 1987 1997 MAA Waters Edge Summerville, SC — 2,103 9,187 — 7,032 2,103 16,219 18,322 ( 8,002 ) 10,320 1985 2013 MAA Farm Springs Summerville, SC — 2,800 26,295 — 4,312 2,800 30,607 33,407 ( 16,784 ) 16,623 2007 2007 Hamilton Pointe Chattanooga, TN — 1,131 10,632 — 9,246 1,131 19,878 21,009 ( 11,045 ) 9,964 1989 1992 Hidden Creek Chattanooga, TN — 972 8,954 — 8,873 972 17,827 18,799 ( 9,798 ) 9,001 1987 1988 Steeplechase Chattanooga, TN — 217 1,957 — 5,598 217 7,555 7,772 ( 4,714 ) 3,058 1986 1991 Windridge Chattanooga, TN — 817 7,416 — 6,003 817 13,419 14,236 ( 9,974 ) 4,262 1984 1997 Kirby Station Memphis, TN — 1,148 10,337 — 12,029 1,148 22,366 23,514 ( 17,500 ) 6,014 1978 1994 Lincoln on the Green Memphis, TN — 1,498 20,483 — 20,699 1,498 41,182 42,680 ( 32,253 ) 10,427 1992 1994 Park Estate Memphis, TN — 178 1,141 — 4,114 178 5,255 5,433 ( 4,031 ) 1,402 1974 1977 Reserve at Dexter Lake Memphis, TN — 3,407 16,043 — 52,160 3,407 68,203 71,610 ( 37,724 ) 33,886 2000 1998 MAA Murfreesboro Murfreesboro, TN — 915 14,774 — 5,549 915 20,323 21,238 ( 12,624 ) 8,614 1999 1998 MAA Acklen Nashville, TN — 12,761 58,906 — 2,937 12,761 61,843 74,604 ( 13,709 ) 60,895 2015 2017 MAA Indian Lake Nashville, TN — 4,950 28,053 — 3,968 4,950 32,021 36,971 ( 13,454 ) 23,517 2010 2011 MAA Kennesaw Farms Nashville, TN — 3,456 22,443 — 6,054 3,456 28,497 31,953 ( 12,804 ) 19,149 2008 2010 MAA Brentwood Nashville, TN — 1,191 10,739 — 11,334 1,191 22,073 23,264 ( 16,219 ) 7,045 1986 1994 MAA Charlotte Ave Nashville, TN — 7,898 54,480 — 3,301 7,898 57,781 65,679 ( 11,320 ) 54,359 2016 2017 MAA Bellevue Nashville, TN — 17,193 64,196 — 10,042 17,193 74,238 91,431 ( 25,860 ) 65,571 1996/2015 2013 MAA Nashville West Nashville, TN — 2,963 33,673 — 12,722 2,963 46,395 49,358 ( 26,754 ) 22,604 2001 1998 MAA Monthaven Park Nashville, TN — 2,736 28,902 — 8,866 2,736 37,768 40,504 ( 24,295 ) 16,209 2000 2004 MAA Park Nashville, TN — 1,524 14,800 — 10,369 1,524 25,169 26,693 ( 20,313 ) 6,380 1987 1995 MAA Cool Springs Nashville, TN — 6,670 — — 55,260 6,670 55,260 61,930 ( 16,774 ) 45,156 2012 2010 MAA Sam Ridley Nashville, TN — 3,350 28,308 — 6,430 3,350 34,738 38,088 ( 15,714 ) 22,374 2009 2010 MAA Balcones Woods Austin, TX — 1,598 14,398 — 13,464 1,598 27,862 29,460 ( 18,577 ) 10,883 1983 1997 MAA Canyon Creek Austin, TX — 3,621 32,137 — 4,418 3,621 36,555 40,176 ( 15,269 ) 24,907 2008 2013 MAA Canyon Pointe Austin, TX — 3,778 20,201 — 5,170 3,778 25,371 29,149 ( 11,400 ) 17,749 2003 2013 MAA Double Creek Austin, TX — 3,131 29,375 — 2,777 3,131 32,152 35,283 ( 13,616 ) 21,667 2013 2013 MAA Onion Creek Austin, TX — 4,902 33,010 — 4,752 4,902 37,762 42,664 ( 16,419 ) 26,245 2009 2013 MAA Wells Branch Austin, TX — (1) 3,722 32,283 — 4,612 3,722 36,895 40,617 ( 14,870 ) 25,747 2008 2013 MAA Quarry Oaks Austin, TX — 4,621 34,461 — 16,399 4,621 50,860 55,481 ( 20,218 ) 35,263 1996 2013 MAA Sunset Valley Austin, TX — 3,150 11,393 — 7,079 3,150 18,472 21,622 ( 10,495 ) 11,127 1996 2004 MAA Western Oaks Austin, TX — (2) 9,100 49,339 — 6,061 9,100 55,400 64,500 ( 22,242 ) 42,258 2001 2009 MAA Barton Creek Austin, TX — 8,683 21,497 — 5,287 8,683 26,784 35,467 ( 7,795 ) 27,672 1998 2016 MAA Park Mesa Austin, TX — 4,653 19,828 — 2,856 4,653 22,684 27,337 ( 6,262 ) 21,075 1992 2016 MAA South Lamar Austin, TX — 20,542 74,093 — 30,082 20,542 104,175 124,717 ( 26,455 ) 98,262 2011/17 2016 MAA West Austin Austin, TX — (1) 7,805 48,843 — 5,334 7,805 54,177 61,982 ( 17,723 ) 44,259 2009 2016 MAA Brushy Creek Austin, TX — 2,900 24,009 — 7,281 2,900 31,290 34,190 ( 18,127 ) 16,063 2003 2006 MAA East Austin Austin, TX — 2,281 6,169 — 16,575 2,281 22,744 25,025 ( 11,718 ) 13,307 1987 1995 MAA Barton Skyway Austin, TX — 1,405 12,769 — 14,224 1,405 26,993 28,398 ( 15,959 ) 12,439 1977 1997 MAA Windmill Hill Austin, TX — 5,006 — — 54,847 5,006 54,847 59,853 ( 4,498 ) 55,355 2022 2020 MAA Shoal Creek Bedford, TX — 4,982 27,377 — 8,276 4,982 35,653 40,635 ( 15,206 ) 25,429 1996 2013 MAA Willow Creek Bedford, TX — 3,109 33,488 — 12,731 3,109 46,219 49,328 ( 20,120 ) 29,208 1996 2013 MAA Hebron Carrollton, TX — 4,231 42,237 — 3,397 4,231 45,634 49,865 ( 17,920 ) 31,945 2011 2013 MAA Cedar park Cedar Park, TX — 7,232 56,640 — 8,629 7,232 65,269 72,501 ( 26,726 ) 45,775 2005 2013 Grand Cypress Cypress, TX — 3,881 24,267 — 5,370 3,881 29,637 33,518 ( 9,612 ) 23,906 2008 2013 MAA Medical District Dallas, TX — 4,050 33,779 — 5,583 4,050 39,362 43,412 ( 14,562 ) 28,850 2007 2013 MAA Highlands North Dallas, TX — 988 8,893 — 5,956 988 14,849 15,837 ( 10,657 ) 5,180 1986 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 — 8,327 2,730 30,567 33,297 ( 16,799 ) 16,498 2000 2006 MAA Lowes Farm Dallas, TX — 5,016 41,091 — 5,279 5,016 46,370 51,386 ( 19,418 ) 31,968 2008 2011 MAA Frisco Bridges Dallas, TX — 14,845 66,571 — 66,810 14,845 133,381 148,226 ( 37,021 ) 111,205 2009/13/21 2013 MAA McKinney Avenue Dallas, TX — 34,765 40,127 — 13,732 34,765 53,859 88,624 ( 16,057 ) 72,567 1993/96 2016 MAA Worthington Dallas, TX — 13,713 43,268 — 12,005 13,713 55,273 68,986 ( 14,685 ) 54,301 1993/2008 2016 MAA Abbey Dallas, TX — 2,711 4,369 — 1,226 2,711 5,595 8,306 ( 1,560 ) 6,746 1996 2016 MAA Addison Circle Dallas, TX — 12,308 189,419 — 32,293 12,308 221,712 234,020 ( 62,482 ) 171,538 1998-2000 2016 MAA North Hall Dallas, TX — 13,030 14,383 — 5,174 13,030 19,557 32,587 ( 6,375 ) 26,212 1998 2016 MAA Eastside Dallas, TX — 7,134 58,095 — 6,196 7,134 64,291 71,425 ( 19,193 ) 52,232 2008 2016 MAA Gallery Dallas, TX — 4,391 7,910 — 3,301 4,391 11,211 15,602 ( 3,366 ) 12,236 1999 2016 MAA Heights Dallas, TX — 26,245 37,922 — 8,001 26,245 45,923 72,168 ( 12,894 ) 59,274 1998-1999/ 2009 2016 MAA Katy Trail Dallas, TX — 10,333 32,456 — 3,220 10,333 35,676 46,009 ( 9,323 ) 36,686 2010 2016 MAA Legacy Dallas, TX — (1) 6,575 55,277 — 11,212 6,575 66,489 73,064 ( 17,727 ) 55,337 2000 2016 MAA Meridian Dallas, TX — 8,780 13,654 — 1,973 8,780 15,627 24,407 ( 4,626 ) 19,781 1991 2016 MAA Uptown Village Dallas, TX — 34,974 33,213 — 11,726 34,974 44,939 79,913 ( 13,865 ) 66,048 1995-2000 2016 MAA Watermark Dallas, TX — 960 14,438 — 4,957 960 19,395 20,355 ( 11,830 ) 8,525 2002 2004 MAA Bear Creek Euless, TX — 6,453 30,048 — 8,795 6,453 38,843 45,296 ( 16,687 ) 28,609 1998 2013 MAA Fairview Fairview, TX — 2,171 35,077 — 3,224 2,171 38,301 40,472 ( 14,601 ) 25,871 2012 2013 MAA Starwood Frisco, TX — 3,240 26,069 — 3,881 3,240 29,950 33,190 ( 13,543 ) 19,647 2009 2010 MAA Grapevine Grapevine, TX — 2,351 29,757 — 11,039 2,351 40,796 43,147 ( 16,685 ) 26,462 1985/86 2013 Greenwood Forest Houston, TX — 3,465 23,482 — 4,117 3,465 27,599 31,064 ( 10,039 ) 21,025 1994 2013 Legacy Pines Houston, TX — 2,142 19,066 — 6,250 2,142 25,316 27,458 ( 16,293 ) 11,165 1999 2003 MAA Energy Park Houston, TX — 2,061 15,830 — 5,594 2,061 21,424 23,485 ( 11,544 ) 11,941 1996 2007 Post 510 Houston, TX — 7,226 33,366 — 3,060 7,226 36,426 43,652 ( 10,659 ) 32,993 2014 2016 Post at Afton Oaks Houston, TX — 11,503 65,469 — 5,380 11,503 70,849 82,352 ( 22,518 ) 59,834 2017 2016 Post Midtown Square Houston, TX — 19,038 89,570 — 11,319 19,038 100,889 119,927 ( 29,230 ) 90,697 1999/2013 2016 Ranchstone Houston, TX — 1,480 14,807 — 5,292 1,480 20,099 21,579 ( 10,809 ) 10,770 1996 2007 Reserve at Woodwind Lakes Houston, TX — 1,968 19,928 — 7,149 1,968 27,077 29,045 ( 15,134 ) 13,911 1999 2006 Retreat at Vintage Park Houston, TX — (1) 8,211 40,352 — 4,279 8,211 44,631 52,842 ( 10,760 ) 42,082 2014 2014 MAA Greater Heights Houston, TX — (2) 13,107 62,764 — 4,657 13,107 67,421 80,528 ( 14,225 ) 66,303 2015 2016 MAA Park Point Houston, TX — 9,031 — — 46,024 9,031 46,024 55,055 ( 5,533 ) 49,522 N/A 2018 Cascade at Fall Creek Humble, TX — 5,985 40,011 — 7,183 5,985 47,194 53,179 ( 24,462 ) 28,717 2007 2007 MAA Bella Casita Irving, TX — 2,521 26,432 — 6,490 2,521 32,922 35,443 ( 14,091 ) 21,352 2007 2010 MAA Valley Ranch Irving, TX — 5,072 37,397 — 17,925 5,072 55,322 60,394 ( 25,238 ) 35,156 1997 2013 MAA Las Colinas Irving, TX — (2) 3,902 40,691 — 5,363 3,902 46,054 49,956 ( 17,049 ) 32,907 2006 2013 MAA Remington Hills Irving, TX — 4,390 21,822 — 18,507 4,390 40,329 44,719 ( 16,237 ) 28,482 1984 2013 MAA Times Square McKinney, TX — 1,130 28,058 — 7,673 1,130 35,731 36,861 ( 16,342 ) 20,519 2009 2010 MAA Stonebridge Ranch McKinney, TX — 4,034 19,528 — 5,773 4,034 25,301 29,335 ( 8,528 ) 20,807 2000 2013 MAA Market Center Plano, TX — 16,894 110,705 — 8,587 16,894 119,292 136,186 ( 28,139 ) 108,047 2013/15 2014 MAA Highwood Plano, TX — 864 7,783 — 4,707 864 12,490 13,354 ( 9,237 ) 4,117 1983 1998 MAA Los Rios Plano, TX — 3,273 28,823 — 10,213 3,273 39,036 42,309 ( 24,904 ) 17,405 2000 2003 MAA Boulder Ridge Roanoke, TX — 3,382 26,930 — 10,672 3,382 37,602 40,984 ( 21,698 ) 19,286 1999 2005 MAA Copper Ridge Roanoke, TX — 4,166 — — 49,433 4,166 49,433 53,599 ( 14,469 ) 39,130 2009/20 2008 MAA Ashton Oaks Round Rock, TX — 5,511 36,241 — 5,051 5,511 41,292 46,803 ( 17,151 ) 29,652 2009 2013 MAA Round Rock Round Rock, TX — 4,691 45,379 — 5,369 4,691 50,748 55,439 ( 20,685 ) 34,754 1997 2013 MAA Sierra Vista Round Rock, TX — 2,561 16,488 — 6,726 2,561 23,214 25,775 ( 10,319 ) 15,456 1999 2013 Alamo Ranch San Antonio, TX — 2,380 26,982 — 5,284 2,380 32,266 34,646 ( 14,316 ) 20,330 2009 2011 Bulverde Oaks San Antonio, TX — 4,257 36,759 — 3,732 4,257 40,491 44,748 ( 10,164 ) 34,584 2014 2014 Haven at Blanco San Antonio, TX — 5,411 45,958 — 6,368 5,411 52,326 57,737 ( 20,734 ) 37,003 2010 2012 Stone Ranch at Westover Hills San Antonio, TX — 4,000 24,992 — 5,234 4,000 30,226 34,226 ( 14,503 ) 19,723 2009 2009 Cypresswood Court Spring, TX — 576 5,190 — 6,831 576 12,021 12,597 ( 7,635 ) 4,962 1984 1994 Villages at Kirkwood Stafford, TX — 1,918 15,846 — 6,030 1,918 21,876 23,794 ( 12,877 ) 10,917 1996 2004 Green Tree Place Woodlands, TX — 539 4,850 — 6,051 539 10,901 11,440 ( 7,545 ) 3,895 1984 1994 Stonefield Commons Charlottesville, VA — 11,044 36,689 — 2,704 11,044 39,393 50,437 ( 10,220 ) 40,217 2013 2014 Adalay Bay Chesapeake, VA — 5,280 31,341 — 5,116 5,280 36,457 41,737 ( 15,394 ) 26,343 2002 2012 Apartments at Cobblestone Square Fredericksburg, VA — 10,990 48,696 — 5,112 10,990 53,808 64,798 ( 15,688 ) 49,110 2012 2016 Colonial Village at Greenbrier Fredericksburg, VA — 4,842 21,677 — 6,154 4,842 27,831 32,673 ( 10,386 ) 22,287 1980 2013 Seasons at Celebrate Virginia Fredericksburg, VA — 14,490 32,083 — 43,922 14,490 76,005 90,495 ( 25,117 ) 65,378 2011 2011 Station Square at Cosner's Corner Fredericksburg, VA — 12,825 51,078 — 4,233 12,825 55,311 68,136 ( 14,259 ) 53,877 2013/16 2013 Colonial Village at Hampton Glen Glen Allen, VA — 4,851 21,678 — 5,298 4,851 26,976 31,827 ( 11,420 ) 20,407 1986 2013 Colonial Village at West End Glen Allen, VA — 4,661 18,908 — 4,262 4,661 23,170 27,831 ( 9,723 ) 18,108 1987 2013 Township in Hampton Woods Hampton, VA — 1,509 8,189 — 11,521 1,509 19,710 21,219 ( 13,560 ) 7,659 1987 1995 Colonial Village at Waterford Midlothian, VA — 6,733 29,221 — 7,556 6,733 36,777 43,510 ( 15,891 ) 27,619 1989 2013 Radius Newport News, VA — 5,040 36,481 — 8,156 5,040 44,637 49,677 ( 11,015 ) 38,662 2012 2015 Ashley Park Richmond, VA — 4,761 13,365 — 4,590 4,761 17,955 22,716 ( 8,328 ) 14,388 1988 2013 Colonial Village at Chase Gayton Richmond, VA — 6,021 29,004 — 7,403 6,021 36,407 42,428 ( 15,129 ) 27,299 1984 2013 Hamptons at Hunton Park Richmond, VA — 4,930 35,598 — 7,998 4,930 43,596 48,526 ( 18,611 ) 29,915 2003 2011 Retreat at West Creek Richmond, VA — 10,112 36,136 — 16,358 10,112 52,494 62,606 ( 11,795 ) 50,811 2015/17 2015 Post Carlyle Square Washington D.C. — 29,728 154,309 — 6,700 29,728 161,009 190,737 ( 43,358 ) 147,379 2006/13 2016 Post Corners at Trinity Center Washington D.C. — 7,664 70,012 — 6,007 7,664 76,019 83,683 ( 20,197 ) 63,486 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 — 7,234 17,524 66,130 83,654 ( 18,422 ) 65,232 2003 2016 MAA National Landing Washington D.C. — 30,452 125,091 — 18,673 30,452 143,764 174,216 ( 40,178 ) 134,038 2001 2016 Post Tysons Corner Washington D.C. — 30,776 82,021 — 13,144 30,776 95,165 125,941 ( 25,326 ) 100,615 1990 2016 Total Residential Properties — 1,903,416 10,093,055 — 3,189,542 1,903,416 13,282,597 15,186,013 ( 4,773,253 ) 10,412,760 220 Riverside Retail Jacksonville, FL — 119 2,902 — 1,060 119 3,962 4,081 ( 612 ) 3,469 2015 2019 MAA Parkside Retail Orlando, FL — 742 11,924 — 1,564 742 13,488 14,230 ( 3,670 ) 10,560 1999 2016 MAA Robinson Retail Orlando, FL — — 563 — 248 — 811 811 ( 48 ) 763 2021 2018 MAA Harbour Island Retail Tampa, FL — 386 4,315 — 403 386 4,718 5,104 ( 1,226 ) 3,878 1997 2016 MAA Rocky Point Retail Tampa, FL — 34 51 — 423 34 474 508 ( 305 ) 203 1994-1996 2016 MAA SoHo Square Retail Tampa, FL — (1) 268 4,033 — 51 268 4,084 4,352 ( 1,550 ) 2,802 2012 2016 MAA Buckhead Retail Atlanta, GA — 867 3,465 — 1,008 867 4,473 5,340 ( 1,592 ) 3,748 2012 2012 MAA Piedmont Park Retail Atlanta, GA — 426 1,089 — 33 426 1,122 1,548 ( 310 ) 1,238 1999 2016 MAA Riverside Office Atlanta, GA — 9,680 22,108 — 14,179 9,680 36,287 45,967 ( 10,872 ) 35,095 1996 2016 MAA Riverside Retail Atlanta, GA — 889 2,340 — 2,698 889 5,038 5,927 ( 1,362 ) 4,565 1996 2016 Post Training Facility Atlanta, GA — 1,092 968 — 33 1,092 1,001 2,093 ( 565 ) 1,528 1999 2016 MAA West Village Retail Smyrna, GA — 3,408 8,446 — 2,001 3,408 10,447 13,855 ( 3,255 ) 10,600 2012 2014 The Denton Retail Kansas City, MO — 700 4,439 — 1,377 700 5,816 6,516 ( 1,443 ) 5,073 2014 2015 MAA 1225 Retail Charlotte, NC — 52 199 — 249 52 448 500 ( 209 ) 291 2010 2010 MAA Gateway Retail Charlotte, NC — 318 1,430 — 91 318 1,521 1,839 ( 423 ) 1,416 2000 2016 MAA South Line Retail Charlotte, NC — 470 1,289 — 291 470 1,580 2,050 ( 430 ) 1,620 2009 2016 MAA Uptown Retail Charlotte, NC — 319 1,144 — 25 319 1,169 1,488 ( 317 ) 1,171 1998 2016 MAA Leasing Center Charlotte, NC — 1,290 1,488 — 193 1,290 1,681 2,971 ( 472 ) 2,499 1998 2016 MAA Hue Retail Raleigh, NC — — 2,129 — 100 — 2,229 2,229 ( 412 ) 1,817 2010 2018 MAA Wade Park Retail Raleigh, NC — 317 4,552 — 166 317 4,718 5,035 ( 1,665 ) 3,370 2011 2016 The Greene Retail Greenville, SC — — — — — — — — — — 2019 2019 MAA South Lamar Retail Austin, TX — 421 3,072 — 689 421 3,761 4,182 ( 971 ) 3,211 2011 2016 MAA Frisco Bridges Retail Dallas, TX — 779 6,593 — 755 779 7,348 8,127 ( 2,219 ) 5,908 2009 2016 MAA McKinney Avenue Retail Dallas, TX — 1,581 |
Organization and Summary of S_2
Organization and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
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 U.S. 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 that 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, and the Company is its primary beneficiary. 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 significant influence or 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, 2023, 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 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, 2023, the consolidated assets of the Company’s consolidated real estate entities with a noncontrolling interest were $ 265.1 million , and consolidated liabilities were $ 12.9 million . As of December 31, 2022, the consolidated assets of the Company’s consolidated real estate entities with a noncontrolling interest were $ 279.6 million , and consolidated liabilities were $ 14.5 million . During the years ended December 31, 2023 and 2022 , the Company paid $ 15.8 million and $ 43.1 million, respectively, to acquire the noncontrolling interest of a consolidated real estate entity. |
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, property taxes, insurance and salaries) during the years ended December 31, 2023, 2022 and 2021 were $ 20.6 million , $ 14.4 million and $ 16.6 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, or 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 records the value based on the purchase price paid 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 $ 1.6 million and $ 0.8 million as of December 31, 2023 and 2022 , respectively. |
Impairment of Long-lived Assets | 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 future undiscounted 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 appropriate asset and liability sections 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. |
Undeveloped Land | Undeveloped Land Undeveloped land includes sites intended for future multifamily developments and sites for future commercial development, which are carried at cost and evaluated for impairment when indicators are present. 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 cash held for 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” in the accompanying 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 six 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 $ 42.0 million and $ 42.3 million as of December 31, 2023 and 2022, respectively. The Company accounts for its investments in the technology-focused limited partnerships on a three month lag due to the timing the limited partnerships’ financial information is made available to the Company. As of December 31, 2023 and 2022, the Company’s investments in the limited partnerships were $ 46.5 million and $ 36.7 million , respectively, and are included in “Other assets” in the accompanying Consolidated Balance Sheets, with any related earnings, including unrealized gains and losses on the underlying investments of the limited partnerships which are recorded at estimated fair value, recognized in “Other non-operating (income) expense” in the accompanying Consolidated Statements of Operations. During the years ended December 31, 2023, 2022 and 2021 , the Company recognized $ 1.6 million of income, $ 35.4 million of expense and $ 51.7 million of income, respectively, from its investments in the limited partnerships. As of December 31, 2023, the Company was committed to make additional capital contributions totaling $ 33.6 million if and when called by the general partners of the limited partnerships. |
Other Assets | Other Assets Other assets consist primarily of receivables, the value of derivative contracts, right-of-use lease assets, investments in technology-focused limited partnerships, marketable equity securities, deferred rental concessions, the unamortized value of in-place leases and resident relationships, deferred financing costs relating to the revolving credit facility and commercial paper program and other prepaid expenses. |
Marketable Equity Securities | Marketable Equity Securities Two of the technology-focused limited partnerships that are accounted for as investments in unconsolidated affiliates distributed publicly traded marketable equity securities to the Company and the other limited partners. During the years ended December 31, 2023 and 2022 , the Company received marketable equity securities totaling $ 7.7 million and $ 18.0 million, respectively, which are noncash investing activities. The Company’s investment in marketable equity securities is measured at fair value based on the quoted share price of the securities and is included in “Other assets” in the accompanying Consolidated Balance Sheets, with any related gains and losses, including unrealized gains and losses, recognized in “Other non-operating (income) expense” in the accompanying Consolidated Statements of Operations. As of December 31, 2023 and 2022 , the Company’s investment in the marketable equity securities was $ 18.6 million and $ 8.0 million, respectively. During the years ended December 31, 2023 and 2022 , the Company recognized $ 2.9 million of income and $ 10.0 million of expense, respectively, from its investment in marketable equity securities. |
Accrued Expenses and Other Liabilities | Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consist of accrued dividends payable, accrued real estate taxes, unearned income, right-of-use lease liabilities, security deposits, accrued payroll, general liability and workers compensation insurance, accrued capital improvements in progress, accrued interest payable, 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, 2023 and 2022 (dollars in thousands): December 31, 2023 December 31, 2022 Accrued dividends payable $ 176,162 $ 166,103 Accrued real estate taxes 159,041 135,510 Unearned income 65,180 65,129 Right-of-use lease liabilities 27,344 28,671 Security deposits 27,138 26,533 Accrued payroll 26,145 27,667 General liability and workers compensation insurance 24,399 22,624 Accrued capital improvements in progress 23,345 16,484 Accrued interest payable 21,941 25,132 Accounts payable, accrued expenses and other 94,461 101,990 Total $ 645,156 $ 615,843 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 | Equity Forward Sale Agreements In August 2021, MAA 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, the shares issuable upon settlement of the forward sale agreements are reflected in MAA’s 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 equity forward sale agreements. |
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 94 % of the Company’s total revenues and include gross rents charged less adjustments for concessions and bad debt. Approximately 5 % 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, which are recognized when earned. 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. |
Advertising Costs | Advertising Costs Costs associated with advertising activities are expensed as incurred and were $ 26.6 million , $ 24.4 million and $ 23.9 million for the years ended December 31, 2023, 2022 and 2021 , 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, 2023 and 2022 , r ight-of-use assets recorded within “Other assets” totaled $ 42.5 million and $ 44.6 million , respectively, and related lease liabilities recorded within “Accrued expenses and other liabilities” totaled $ 27.3 million and $ 28.7 million , respectively, in the Consolidated Balance Sheets. Lease expense recognized for the years ended December 31, 2023, 2022 and 2021 was immaterial to the Company. Cash paid for amounts included in the measurement of operating lease liabilities during the years ended December 31, 2023 and 2022 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 U.S. 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 U.S. 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 U.S. 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 Measurements | Fair Value Measurements The Company applies the guidance in ASC Topic 820, Fair Value Measurements and Disclosures , to the valuation of acquired real estate assets recorded at fair value, to its impairment valuation analysis of real estate assets and to its valuation and disclosure of the fair value of financial instruments, which primarily consists of marketable equity securities, indebtedness and derivative 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. |
Recently Issued Accounting Pronouncements | Recently Issued Accounting Pronouncements In 2023, the Financial Accounting Standards Board, or FASB, issued Accounting Standard Update, or ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures , which amends existing accounting standards and establishes new expanded disclosure requirements about a public entity’s reportable segments. Under the new standard, more information will be required regarding a reportable segment’s expenses, interim segment profit or loss, and how a public entity’s chief operating decision maker uses reported segment profit or loss information in assessing segment performance and allocating resources. This ASU is effective for annual periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Management is currently evaluating the impact this standard may have on the consolidated financial statements and related disclosures upon adoption. In 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures , which expands disclosures about federal, state and foreign income taxes in an entity’s income tax rate reconciliation table and regarding cash taxes paid. This ASU is effective for annual periods beginning after December 15, 2024. Management is currently evaluating the impact this standard may have on the consolidated financial statements and related disclosures upon adoption. |
Organization and Summary of S_3
Organization and Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Expenses and Other Liabilities | The following table reflects a detail of the Company’s “Accrued expenses and other liabilities” balances as of December 31, 2023 and 2022 (dollars in thousands): December 31, 2023 December 31, 2022 Accrued dividends payable $ 176,162 $ 166,103 Accrued real estate taxes 159,041 135,510 Unearned income 65,180 65,129 Right-of-use lease liabilities 27,344 28,671 Security deposits 27,138 26,533 Accrued payroll 26,145 27,667 General liability and workers compensation insurance 24,399 22,624 Accrued capital improvements in progress 23,345 16,484 Accrued interest payable 21,941 25,132 Accounts payable, accrued expenses and other 94,461 101,990 Total $ 645,156 $ 615,843 |
Earnings Per Common Share of _2
Earnings Per Common Share of MAA (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Common Share Of M A A [Abstract] | |
Schedule of Computation of Earnings Per Share | For the years ended December 31, 2023, 2022 and 2021, 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 2023 2022 2021 Net income $ 567,831 $ 654,776 $ 550,702 Net income attributable to noncontrolling interests ( 15,025 ) ( 17,340 ) ( 16,911 ) Unvested restricted shares (allocation of earnings) ( 224 ) ( 438 ) ( 539 ) Dividends to MAA Series I preferred shareholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders, adjusted $ 548,894 $ 633,310 $ 529,564 Weighted average common shares - basic 116,521 115,344 114,717 Earnings per common share - basic $ 4.71 $ 5.49 $ 4.62 Calculation of Earnings per common share - diluted Net income $ 567,831 $ 654,776 $ 550,702 Net income attributable to noncontrolling interests (1) ( 15,025 ) ( 17,340 ) ( 16,911 ) Dividends to MAA Series I preferred shareholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders, adjusted $ 549,118 $ 633,748 $ 530,103 Weighted average common shares - basic 116,521 115,344 114,717 Effect of dilutive securities 124 239 322 Weighted average common shares - diluted 116,645 115,583 115,039 Earnings per common share - diluted $ 4.71 $ 5.48 $ 4.61 |
Earnings Per OP Unit of MAALP (
Earnings Per OP Unit of MAALP (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Common Unit | For the years ended December 31, 2023, 2022 and 2021, 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 2023 2022 2021 Net income $ 567,831 $ 654,776 $ 550,702 Net (income) loss attributable to noncontrolling interests ( 62 ) 293 — Unvested restricted units (allocation of earnings) ( 224 ) ( 438 ) ( 539 ) Distributions to MAALP Series I preferred unitholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAALP common unitholders, adjusted $ 563,857 $ 650,943 $ 546,475 Weighted average common units - basic 119,674 118,538 118,400 Earnings per common unit - basic $ 4.71 $ 5.49 $ 4.62 Calculation of Earnings per common unit - diluted Net income $ 567,831 $ 654,776 $ 550,702 Net (income) loss attributable to noncontrolling interests ( 62 ) 293 — Distributions to MAALP Series I preferred unitholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAALP common unitholders, adjusted $ 564,081 $ 651,381 $ 547,014 Weighted average common units - basic 119,674 118,538 118,400 Effect of dilutive securities 124 239 322 Weighted average common units - diluted 119,798 118,777 118,722 Earnings per common unit - diluted $ 4.71 $ 5.48 $ 4.61 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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, 2023, 2022 and 2021: 2023 2022 2021 Risk free rate 4.096 % 1.010 % 0.161 % Dividend yield 3.550 % 2.024 % 3.341 % Volatility 28.99 % 25.84 % 28.04 % 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, 2023, and the changes for the year ended December 31, 2023, is presented below: Nonvested Shares Shares Weighted Average Grant-Date Fair Value Nonvested as of January 1, 2023 125,765 $ 136.60 Issued 131,090 128.71 Vested ( 159,590 ) 108.41 Forfeited ( 835 ) 176.55 Nonvested as of December 31, 2023 96,430 $ 172.18 |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Summary of Outstanding Debt | The following table summarizes the Company’s outstanding debt as of December 31, 2023 and 2022 (dollars in thousands): As of December 31, 2023 Unsecured debt December 31, 2023 December 31, 2022 Weighted Average Effective Rate Weighted Average Contract Maturity Variable rate commercial paper program $ 495,000 $ 20,000 5.7 % 1/7/2024 Fixed rate senior notes 3,700,000 4,050,000 3.3 % 11/23/2029 Debt issuance costs, discounts, premiums and fair market value adjustments ( 14,916 ) ( 19,090 ) Total unsecured debt $ 4,180,084 $ 4,050,910 3.6 % Secured debt Fixed rate property mortgages $ 363,293 $ 367,154 4.4 % 1/26/2049 Debt issuance costs ( 3,152 ) ( 3,161 ) Total secured debt $ 360,141 $ 363,993 4.4 % Total outstanding debt $ 4,540,225 $ 4,414,903 3.6 % |
Scheduled Principal Repayments on Borrowings | The following table includes scheduled principal repayments of MAALP’s outstanding borrowings as of December 31, 2023, as well as the amortization of debt issuance costs, discounts, premiums and fair market value adjustments (in thousands): Maturities Amortization Total 2024 $ 895,000 $ ( 340 ) $ 894,660 2025 400,000 ( 1,453 ) 398,547 2026 300,000 ( 2,027 ) 297,973 2027 600,000 ( 2,666 ) 597,334 2028 400,000 ( 2,697 ) 397,303 Thereafter 1,963,293 ( 8,885 ) 1,954,408 Total $ 4,558,293 $ ( 18,068 ) $ 4,540,225 |
Financial Instruments and Der_2
Financial Instruments and Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
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, 2023, 2022 and 2021, respectively (dollars in thousands): Derivatives in Cash Flow Location of Loss Reclassified Net Loss Reclassified from AOCL into Interest Expense Hedging Relationships from AOCL into Income 2023 2022 2021 Terminated interest rate swaps Interest expense $ ( 1,326 ) $ ( 1,114 ) $ ( 1,114 ) Derivatives Not Designated Location of Gain (Loss) Recognized Gain (Loss) Recognized in Earnings on Derivative as Hedging Instruments in Earnings on Derivative 2023 2022 2021 Preferred stock embedded derivative Other non-operating (income) expense $ 18,528 $ ( 21,107 ) $ ( 4,560 ) |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Taxes [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities | As of December 31, 2023 and 2022, the components of the Company’s TRS deferred income tax assets and liabilities were as follows (dollars in thousands): December 31, 2023 December 31, 2022 Deferred tax liability: Unrealized gain from limited partnerships $ 300 $ 1,122 Unrealized gain from marketable securities & other 3,575 1,700 Total deferred tax liability $ 3,875 $ 2,822 Net deferred tax liability $ 3,875 $ 2,822 The net deferred tax liability balances are reflected in “Accrued expenses and other liabilities” in the accompanying Consolidated Balance Sheets. |
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, 2023, 2022 and 2021, dividends per share held for the entire year were estimated to be taxable as follows: 2023 2022 2021 Amount Percentage Amount Percentage Amount Percentage Ordinary income $ 5.60 100.00 % $ 4.44 95.03 % $ 2.43 59.18 % Capital gains — — 0.23 4.78 % 1.36 33.15 % Un-recaptured Section 1250 gains — — 0.01 0.19 % 0.31 7.67 % Total $ 5.60 100 % $ 4.68 100 % $ 4.10 100 % |
Shareholders' Equity of MAA (Ta
Shareholders' Equity of MAA (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Shareholders Equity Of M A A [Abstract] | |
Schedule of Cumulative Redeemable Preferred Stock | As of December 31, 2023, 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, 2023 | |
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 liabilities recorded on the Consolidated Balance Sheets as of December 31, 2023 (in thousands): Operating Leases 2024 $ 2,951 2025 2,919 2026 2,968 2027 3,002 2028 1,583 Thereafter 55,605 Total minimum lease payments 69,028 Net present value adjustments ( 41,684 ) Right-of-use lease liabilities $ 27,344 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes To Financial Statements [Abstract] | |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands): 2023 2022 2021 Revenues: Same Store Rental revenues $ 2,013,283 $ 1,895,071 $ 1,683,380 Other property revenues 11,468 11,932 11,854 Total Same Store revenues 2,024,751 1,907,003 1,695,234 Non-Same Store and Other Rental revenues 122,935 111,067 81,822 Other property revenues 782 1,796 1,026 Total Non-Same Store and Other revenues 123,717 112,863 82,848 Total rental and other property revenues $ 2,148,468 $ 2,019,866 $ 1,778,082 Net Operating Income: Same Store NOI $ 1,306,939 $ 1,232,893 $ 1,061,572 Non-Same Store and Other NOI 73,388 63,279 45,345 Total NOI 1,380,327 1,296,172 1,106,917 Depreciation and amortization ( 565,063 ) ( 542,998 ) ( 533,433 ) Property management expenses ( 67,784 ) ( 65,463 ) ( 55,732 ) General and administrative expenses ( 58,578 ) ( 58,833 ) ( 52,884 ) Interest expense ( 149,234 ) ( 154,747 ) ( 156,881 ) (Loss) gain on sale of depreciable real estate assets ( 62 ) 214,762 220,428 Gain on sale of non-depreciable real estate assets 54 809 811 Other non-operating income (expense) 31,185 ( 42,713 ) 33,902 Income tax (expense) benefit ( 4,744 ) 6,208 ( 13,637 ) Income from real estate joint venture 1,730 1,579 1,211 Net income attributable to noncontrolling interests ( 15,025 ) ( 17,340 ) ( 16,911 ) Dividends to MAA Series I preferred shareholders ( 3,688 ) ( 3,688 ) ( 3,688 ) Net income available for MAA common shareholders $ 549,118 $ 633,748 $ 530,103 |
Assets for Reportable Segment | Assets for each reportable segment as of December 31, 2023 and 2022 were as follows (in thousands): December 31, 2023 December 31, 2022 Assets: Same Store $ 9,509,470 $ 9,697,889 Non-Same Store and Other 1,776,165 1,370,721 Corporate 198,868 172,555 Total assets $ 11,484,503 $ 11,241,165 |
Organization and Summary of S_4
Organization and Summary of Significant Accounting Policies - Additional Information (Details) | 12 Months Ended | ||||
Dec. 31, 2023 USD ($) Properties Community Property State shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) | Dec. 31, 2025 Property | Dec. 31, 2024 Property | |
Real Estate Properties [Line Items] | |||||
General Partners' Capital Account, Units Outstanding | shares | 116,694,124 | 115,480,336 | |||
Number of Real Estate Properties | Community | 290 | ||||
Number of States in which Entity Operates | State | 16 | ||||
Real estate investments joint ventures | $ 33,600,000 | ||||
Development and capital improvements in progress | 385,405,000 | $ 332,035,000 | |||
Consolidated assets | 11,484,503,000 | 11,241,165,000 | |||
Consolidated liabilities | 5,185,381,000 | 5,030,746,000 | |||
Real Estate Investment Property, at Cost | 15,932,757,000 | 15,182,346,000 | |||
Investment Income | 2,900,000 | 10,000,000 | |||
Marketable equity securities received | 7,700,000 | 18,000,000 | |||
Marketable equity securities | $ 18,600,000 | 8,000,000 | |||
Percentage Of Rental Revenue From Leasing Of Apartment Homes | 94% | ||||
Percentage Of Reimbursable Revenue From Leasing Of Apartment Homes | 5% | ||||
Percentage of Rental Revenue and Other Income From Non-leasing Activities | 1% | ||||
Advertising expenses | $ 26,600,000 | $ 24,400,000 | $ 23,900,000 | ||
Operating Lease, Right-of-Use Asset, Statement of Financial Position | Other assets | Other assets | |||
Operating Lease, Right-of-Use Asset | $ 42,500,000 | $ 44,600,000 | |||
Operating Lease, Liability, Statement of Financial Position [Extensible List] | Accrued expenses and other liabilities | Accrued expenses and other liabilities | |||
Right-of-use lease, liabilities | $ 27,344,000 | $ 28,671,000 | |||
Leases, Acquired-in-Place | |||||
Real Estate Properties [Line Items] | |||||
Real Estate Investment Property, at Cost | 1,600,000 | 800 | |||
Limited Partnerships [Member] | |||||
Real Estate Properties [Line Items] | |||||
Investment Income | 1,600,000 | 35,400,000 | 51,700,000 | ||
Real Estate [Member] | |||||
Real Estate Properties [Line Items] | |||||
Proceeds from (Payments to) Noncontrolling Interests, Total | 15,800,000 | 43,100,000 | |||
Real Estate [Member] | Post Massachusetts Avenue [Member] | |||||
Real Estate Properties [Line Items] | |||||
Real estate investments joint ventures | 42,000,000 | 42,300,000 | |||
Other Assets [Member] | |||||
Real Estate Properties [Line Items] | |||||
Real estate investments joint ventures | 46,500,000 | 36,700,000 | |||
Parent Company [Member] | |||||
Real Estate Properties [Line Items] | |||||
Capitalized Development Costs, Period | $ 20,600,000 | $ 14,400,000 | $ 16,600,000 | ||
Minimum [Member] | Land Improvements And Buildings | |||||
Real Estate Properties [Line Items] | |||||
Equipment, Useful Life | 5 years | ||||
Minimum [Member] | Furniture and Fixtures | |||||
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 and Fixtures | |||||
Real Estate Properties [Line Items] | |||||
Equipment, Useful Life | 5 years | ||||
Development Properties [Member] | |||||
Real Estate Properties [Line Items] | |||||
Number of units under development community | Properties | 1,970 | ||||
Development Properties [Member] | Forecast [Member] | |||||
Real Estate Properties [Line Items] | |||||
Number of Real Estate Properties | Property | 2 | 3 | |||
Retail [Member] | |||||
Real Estate Properties [Line Items] | |||||
Number of Real Estate Properties | Property | 34 | ||||
Limited Partnership [Member] | |||||
Real Estate Properties [Line Items] | |||||
General Partners' Capital Account, Units Outstanding | shares | 116,694,124 | 115,480,336 | |||
Number of Real Estate Properties | Property | 1 | ||||
Development and capital improvements in progress | $ 385,405,000 | $ 332,035,000 | |||
Consolidated assets | 11,484,503,000 | 11,241,165,000 | |||
Consolidated liabilities | 5,185,400,000 | 5,030,765,000 | |||
Real Estate Investment Property, at Cost | 15,932,757,000 | 15,182,346,000 | |||
Limited Partnership [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Real Estate [Member] | |||||
Real Estate Properties [Line Items] | |||||
Consolidated assets | 265,100,000 | 279,600,000 | |||
Consolidated liabilities | $ 12,900,000 | $ 14,500,000 | |||
Limited Partnership [Member] | Minimum [Member] | |||||
Real Estate Properties [Line Items] | |||||
Percentage of ownership interests of all consolidated subsidiaries (percent) | 80% | ||||
Limited Partnership [Member] | Maximum [Member] | |||||
Real Estate Properties [Line Items] | |||||
Percentage of ownership interests of all consolidated subsidiaries (percent) | 100% | ||||
Limited Partnership [Member] | Development Properties [Member] | Costs Incurred To Date [Member] | |||||
Real Estate Properties [Line Items] | |||||
Development and capital improvements in progress | $ 391,600,000 | ||||
M A A L P [Member] | |||||
Real Estate Properties [Line Items] | |||||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 97.40% | 97.30% |
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, 2023 | Dec. 31, 2022 |
Real Estate Properties [Line Items] | ||
Right-of-use lease, liabilities | $ 27,344 | $ 28,671 |
Operating Lease, Liability, Statement of Financial Position [Extensible List] | Accrued expenses and other liabilities | Accrued expenses and other liabilities |
Accrued Liabilities and Other Liabilities | $ 645,156 | $ 615,843 |
Accrued Liabilities [Member] | ||
Real Estate Properties [Line Items] | ||
Accrued dividends payable | 176,162 | 166,103 |
Accrued real estate taxes | 159,041 | 135,510 |
Unearned income | 65,180 | 65,129 |
Security deposits | 27,138 | 26,533 |
Accrued payroll | 26,145 | 27,667 |
General liability and workers compensation insurance | 24,399 | 22,624 |
Accrued capital improvements in progress | 23,345 | 16,484 |
Accrued interest payable | 21,941 | 25,132 |
Accounts payable, accrued expenses and other | $ 94,461 | $ 101,990 |
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, shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Earnings Per Share Disclosure [Line Items] | ||||
Net income | $ 567,831 | $ 654,776 | $ 550,702 | |
Net income attributable to noncontrolling interests | (15,025) | (17,340) | (16,911) | |
Unvested restricted shares (allocation of earnings) | (224) | (438) | (539) | |
Dividends to MAA Series I preferred shareholders | (3,688) | (3,688) | (3,688) | |
Net income available for MAA common shareholders, adjusted | $ 548,894 | $ 633,310 | $ 529,564 | |
Weighted average common shares - basic | 116,521 | 115,344 | 114,717 | |
Earnings per common share - basic | $ 4.71 | $ 5.49 | $ 4.62 | |
Net income | $ 567,831 | $ 654,776 | $ 550,702 | |
Net income attributable to noncontrolling interests | [1] | (15,025) | (17,340) | (16,911) |
Net income available for MAALP common unitholders, adjusted | $ 549,118 | $ 633,748 | $ 530,103 | |
Effect of dilutive securities | 124 | 239 | 322 | |
Weighted average common shares - diluted | 116,645 | 115,583 | 115,039 | |
Earnings per common share - diluted | $ 4.71 | $ 5.48 | $ 4.61 | |
Limited Partnership Units [Member] | ||||
Earnings Per Share Disclosure [Line Items] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 3,100 | 3,200 | 3,700 | |
[1] For the years ended December 31, 2023, 2022 and 2021 , 3.1 million, 3.2 million and 3.7 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, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings Per Share Disclosure [Line Items] | |||
Net income | $ 567,831 | $ 654,776 | $ 550,702 |
Net (income) loss attributable to noncontrolling interests | (15,025) | (17,340) | (16,911) |
Distributions to MAALP Series I preferred unitholders | $ (3,688) | $ (3,688) | $ (3,688) |
Effect of dilutive securities | 124 | 239 | 322 |
Weighted average common shares - diluted | 116,645 | 115,583 | 115,039 |
Limited Partnership [Member] | |||
Earnings Per Share Disclosure [Line Items] | |||
Net income | $ 567,831 | $ 654,776 | $ 550,702 |
Net (income) loss attributable to noncontrolling interests | (62) | 293 | 0 |
Unvested restricted units (allocation of earnings) | (224) | (438) | (539) |
Distributions to MAALP Series I preferred unitholders | (3,688) | (3,688) | (3,688) |
Net income available for MAALP common unitholders, adjusted | $ 563,857 | $ 650,943 | $ 546,475 |
Weighted average common units - basic | 119,674 | 118,538 | 118,400 |
Earnings per common unit - basic | $ 4.71 | $ 5.49 | $ 4.62 |
Net income available for MAALP common unitholders, adjusted | $ 564,081 | $ 651,381 | $ 547,014 |
Weighted average common units - basic | 119,674 | 118,538 | 118,400 |
Effect of dilutive securities | 124 | 239 | 322 |
Weighted average common shares - diluted | 119,798 | 118,777 | 118,722 |
Earnings per common unit - diluted | $ 4.71 | $ 5.48 | $ 4.61 |
Stock-Based Compensation - Addi
Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Allocated Share-based Compensation Expense | $ 18.3 | $ 20.1 | $ 18.2 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | 2.5 | 1.3 | 1.5 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 13.1 | ||
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 | $ 7.9 | 14 | 9 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 17.3 | $ 16 | $ 15.8 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | 0 |
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 | $ 102.55 | $ 144.77 | $ 88.22 |
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 | 3 years | ||
Employee Stock Option | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Options to purchase | 463 | ||
Exercise of stock options, Shares | 0 | 350 | 19,032 |
Proceeds from Stock Options Exercised | $ 1.5 | ||
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 | ||
2023 Omnibus 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 | 1,000,000 |
Stock-Based Compensation Key As
Stock-Based Compensation Key Assumptions for Restricted Stock Grants (Details) - Restricted Stock | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Risk free rate | 4.096% | 1.01% | 0.161% |
Dividend yield | 3.55% | 2.024% | 3.341% |
Volatility | 28.99% | 25.84% | 28.04% |
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, 2023 $ / shares shares | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Nonvested as of January 1, 2023 | shares | 125,765 |
Issued | shares | 131,090 |
Vested | shares | (159,590) |
Forfeited | shares | (835) |
Nonvested as of December 31, 2023 | shares | 96,430 |
Nonvested as of January 1, 2023 | $ / shares | $ 136.60 |
Issued | $ / shares | 128.71 |
Vested | $ / shares | 108.41 |
Forfeited | $ / shares | 176.55 |
Nonvested as of December 31, 2023 | $ / shares | $ 172.18 |
Borrowings - Summary of Outstan
Borrowings - Summary of Outstanding Debt (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Debt Instrument [Line Items] | ||
Total Outstanding Debt | $ 4,540,225 | $ 4,414,903 |
Debt Instrument, Interest Rate, Effective Percentage | 3.60% | |
Fixed Rate Property Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
Contract Maturity | Jan. 26, 2049 | |
Commercial Paper Notes [Member] | Variable Rate Commercial Paper Program [Member] | ||
Debt Instrument [Line Items] | ||
Variable rate commercial paper program | $ 495,000 | 20,000 |
Debt Instrument, Interest Rate, Effective Percentage | 5.70% | |
Contract Maturity | Jan. 07, 2024 | |
Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total Outstanding Debt | $ 4,180,084 | 4,050,910 |
Debt Instrument, Interest Rate, Effective Percentage | 3.60% | |
Unsecured Debt [Member] | Fixed Rate Debt Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | $ 3,700,000 | 4,050,000 |
Debt Instrument, Interest Rate, Effective Percentage | 3.30% | |
Contract Maturity | Nov. 23, 2029 | |
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 | $ (14,916) | (19,090) |
Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total Outstanding Debt | 360,141 | 363,993 |
Debt issuance costs | $ (3,152) | (3,161) |
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 | $ 363,293 | $ 367,154 |
Debt Instrument, Interest Rate, Effective Percentage | 4.40% | |
Contract Maturity | Dec. 31, 2049 |
Borrowings - Additional Informa
Borrowings - Additional Information (Details) - USD ($) | 1 Months Ended | 12 Months Ended | ||||
Oct. 31, 2023 | Jul. 31, 2023 | Jul. 31, 2022 | Dec. 31, 2023 | Jan. 31, 2024 | Dec. 31, 2022 | |
Debt Instrument [Line Items] | ||||||
Debt Instrument, Interest Rate, Effective Percentage | 3.60% | |||||
Long-Term Debt, Maturity, Year One | $ 895,000,000 | |||||
Unsecured debt | $ 4,180,084,000 | $ 4,050,910,000 | ||||
Fixed Rate Property Mortgages [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Maturity Date | Jan. 26, 2049 | |||||
Commercial Paper Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Payment Terms | 397 | |||||
Debt Instrument, Face Amount | $ 495,000,000 | |||||
Average daily borrowings outstanding under commercial paper program | 95,100,000 | |||||
Unsecured debt | 495,000,000 | |||||
Maximum [Member] | Commercial Paper Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | 625,000,000 | |||||
Unsecured Senior Notes Due June 2024 [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Unsecured debt | $ 400,000,000 | |||||
Unsecured Debt [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Interest Rate, Effective Percentage | 3.60% | |||||
Retirement of Senior Unsecured Notes | $ 350,000,000 | |||||
Unsecured Debt [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Maturity Date | Nov. 23, 2029 | |||||
Debt Instrument, Face Amount | $ 3,700,000,000 | 4,050,000,000 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 3.30% | |||||
Unsecured Debt [Member] | Revolving Credit Facility [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Line of credit facility, current Borrowing capacity | $ 1,250,000,000 | |||||
Line of credit facility, maximum Borrowing capacity | $ 2,000,000,000 | |||||
Debt Instrument, Maturity Date | Oct. 01, 2026 | |||||
Line of Credit Facility, Amount Outstanding | $ 0 | |||||
Letters of Credit Outstanding, Amount | $ 4,500,000 | |||||
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] | Public Income Notes [Member] | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | $ 3,700,000,000 | |||||
Unsecured Debt [Member] | Maturing in March 2034, Senior notes | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 5% | |||||
Unsecured Senior Notes issue price, Percentage | 99.019% | |||||
Unsecured Debt [Member] | Maturing in March 2034, Senior notes | Fixed Rate Debt Senior Notes [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Face Amount | $ 350,000,000 | |||||
Debt Instrument, Interest Rate, Effective Percentage | 5.123% | |||||
Secured Debt [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Interest Rate, Effective Percentage | 4.40% | |||||
Secured Debt [Member] | Fixed Rate Property Mortgages [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Maturity Date | Dec. 31, 2049 | |||||
Debt Instrument, Interest Rate, Effective Percentage | 4.40% | |||||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate | $ 363,293,000 | $ 367,154,000 | ||||
Secured Debt [Member] | Property Mortgage [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt Instrument, Maturity Date | Jun. 30, 2025 | |||||
Repayments of Secured Debt | $ 3,000,000 | |||||
SOFR [Member] | Unsecured Debt [Member] | Minimum [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument, Basis spread on variable rate | 0.70% | |||||
SOFR [Member] | Unsecured Debt [Member] | Maximum [Member] | ||||||
Debt Instrument [Line Items] | ||||||
Debt instrument, Basis spread on variable rate | 1.40% |
Borrowings - Scheduled Principa
Borrowings - Scheduled Principal Repayments on Borrowings (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Debt Instrument [Line Items] | |
2024, Maturities | $ 895,000 |
2024, Total | 894,660 |
2025, Total | 398,547 |
2026, Total | 297,973 |
2027, Total | 597,334 |
2028, Total | 397,303 |
Thereafter, Total | 1,954,408 |
Total Notes Payable | 4,540,225 |
Maturities [Member] | |
Debt Instrument [Line Items] | |
2024, Maturities | 895,000 |
2025, Maturities | 400,000 |
2026, Maturities | 300,000 |
2027, Maturities | 600,000 |
2028, Maturities | 400,000 |
Thereafter, Maturities | 1,963,293 |
Total, Maturities | 4,558,293 |
Amortization Other [Member] | |
Debt Instrument [Line Items] | |
2024, Amortization | (340) |
2025, Amortization | (1,453) |
2026, Amortization | (2,027) |
2027, Amortization | (2,666) |
2028, Amortization | (2,697) |
Thereafter, Amortization | (8,885) |
Amortization of Notes Payable, Total | $ (18,068) |
Financial Instruments and Der_3
Financial Instruments and Derivatives - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | ||
Derivative [Line Items] | |||
Preferred Stock Redemption Price Per Share | [1] | $ 50 | |
Preferred Stock, Redemption Date | Oct. 01, 2026 | ||
Variable Rate Commercial Paper Program [Member] | |||
Derivative [Line Items] | |||
Debtinstruments Carrying Value | $ 495 | $ 20 | |
Variable Rate Commercial Paper Program | $ 495 | 20 | |
Variable Rate Commercial Paper Program [Member] | Maximum [Member] | |||
Derivative [Line Items] | |||
Debt Renewal Period | 30 days | ||
Designated as Hedging Instrument | |||
Derivative [Line Items] | |||
Realized losses associated with terminated interest rate swaps that were designated as cash flow hedging instruments | $ 8.8 | ||
Designated as Hedging Instrument | Interest Expense | |||
Derivative [Line Items] | |||
Change in fair value of interest rate derivatives included in AOCI and expected to be reclassified in the next 12 months | 1.9 | ||
Fair Value, Measurements, Recurring [Member] | |||
Derivative [Line Items] | |||
Embedded Derivative, Fair Value of Embedded Derivative Asset | 31.9 | 13.4 | |
Fixed Rate Debt [Member] | |||
Derivative [Line Items] | |||
Notes Payable Excluding Interest Rate Swaps and Cap Agreements | 4,000 | 4,400 | |
Notes Payable, Fair Value Disclosure | $ 3,700 | $ 3,900 | |
[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, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative [Line Items] | |||
Derivative Instruments, Gain (Loss) Recognized in Income, Net | $ 18,528 | $ (21,107) | $ (4,560) |
Designated as Hedging Instrument | |||
Derivative [Line Items] | |||
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration] | Interest expense | Interest expense | Interest expense |
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | $ (1,326) | $ (1,114) | $ (1,114) |
Not Designated as Hedging Instrument | |||
Derivative [Line Items] | |||
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Other non-operating income (expense) | Other non-operating income (expense) | Other non-operating income (expense) |
Derivative Instruments, Gain (Loss) Recognized in Income, Net | $ 18,528 | $ (21,107) | $ (4,560) |
Income Taxes - Schedule Of Defe
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Income Taxes [Abstract] | ||
Unrealized gain from limited partnerships | $ 300 | $ 1,122 |
Unrealized gain from marketable securities & other | 3,575 | 1,700 |
Deferred Tax Liabilities, Net, Total | 3,875 | 2,822 |
Net deferred tax liability | $ 3,875 | $ 2,822 |
Income Taxes (Textual) (Details
Income Taxes (Textual) (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Operating Loss Carryforwards [Line Items] | |||
Interest Expense Securities | $ 45,200,000 | ||
Interest Income, Securities, Operating, Taxable | $ 4,600,000 | $ 51,800,000 | |
Income Tax Expense (Benefit) | 4,744,000 | (6,208,000) | 13,637,000 |
Unrecognized Tax Benefits | 0 | 0 | |
Operating Loss Carryforwards | 46,200,000 | ||
TRS [Member] | |||
Operating Loss Carryforwards [Line Items] | |||
Income Tax Expense (Benefit) | (1,000,000) | 9,500,000 | (10,900,000) |
Texas Based Margin [Member] | |||
Operating Loss Carryforwards [Line Items] | |||
Income Tax Expense (Benefit) | $ 4,700,000 | $ 6,200,000 | $ 13,600,000 |
Income Taxes (Taxability of Cas
Income Taxes (Taxability of Cash Distributions Paid on Common Shares) (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Taxability Of Cash Distributions Paid On Common Shares [Abstract] | |||
Ordinary income (dollars per share) | $ 5.6 | $ 4.44 | $ 2.43 |
Return of capital (dollars per share) | 0 | 0.23 | 1.36 |
Un-recaptured Section 1250 gains dividends per share | 0 | 0.01 | 0.31 |
Total (dollars per share) | $ 5.6 | $ 4.68 | $ 4.1 |
Ordinary income (percentage per share) | 100% | 95.03% | 59.18% |
Return of capital (percentage per share) | 0% | 4.78% | 33.15% |
Un-recaptured Section 1250 gains dividends per share percentage | 0% | 0.19% | 7.67% |
Total (percentage per share) | 100% | 100% | 100% |
Shareholders' Equity of MAA - A
Shareholders' Equity of MAA - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 12 Months Ended | ||||
Jan. 31, 2023 | Aug. 31, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Nov. 30, 2021 | |
Equity [Line Items] | ||||||
Common stock, shares outstanding | 116,694,124 | 115,480,336 | ||||
Total common shares and operating partnership units outstanding | 119,838,096 | 118,645,269 | ||||
Common stock, shares authorized | 145,000,000 | 145,000,000 | ||||
Settled share amount | $ 1,100 | |||||
Forward price per share | $ 185.23 | |||||
Net proceeds | $ 203,700 | |||||
At The Market Offering [Member] | ||||||
Equity [Line Items] | ||||||
Common stock shares sold | 0 | 0 | 0 | |||
Remaining common stock to be issued | 4,000,000 | |||||
Maximum [Member] | At The Market Offering [Member] | ||||||
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 [Member] | ||||||
Equity [Line Items] | ||||||
Common stock issued for shareholders to reinvest distributions (shares) | 9,787 | 6,547 | 6,301 | |||
Dividend And Distribution Reinvestment And Share Purchase Plan [Member] | Minimum [Member] | ||||||
Equity [Line Items] | ||||||
Optional cash investments in common shares | $ 250 | |||||
Dividend And Distribution Reinvestment And Share Purchase Plan [Member] | 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% | |||||
Equity Forward Sale Agreements [Member] | ||||||
Equity [Line Items] | ||||||
Stock Issued During Period, Shares, New Issues | 1,100,000 | |||||
Common stock, price per share | $ 190.56 | |||||
Common shares attributable to dilutive effect of equity forward agreements | 0 | 0 | ||||
Noncontrolling Interest [Member] | ||||||
Equity [Line Items] | ||||||
Common Shares Issuable Upon Conversion Of Convertible Stock | 3,143,972 | 3,164,933 |
Shareholders' Equity of MAA - S
Shareholders' Equity of MAA - Schedule of Cumulative Redeemable Preferred Stock (Details) - $ / shares | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | |||
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. 01, 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 . 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, 2023 USD ($) |
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, 2023 | Dec. 31, 2022 | |
Schedule Of Capital Structure [Line Items] | ||
Operating partnership units outstanding | 119,838,096 | 118,645,269 |
General Partners' Capital Account, Units Outstanding | 116,694,124 | 115,480,336 |
Limited Partners' Capital Account, Units Outstanding | 3,143,972 | 3,164,933 |
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 [Member] | ||
Schedule Of Capital Structure [Line Items] | ||
Common Shares Issuable Upon Conversion Of Convertible Stock | 3,143,972 | 3,164,933 |
Limited Partners' Capital Account | $ 422.7 | $ 496.9 |
Redeemable Capital Shares Par Or Stated Value Per Share | $ 134.46 | $ 156.99 |
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 | 97.40% | 97.30% |
Employee Benefit Plans (Details
Employee Benefit Plans (Details) | 12 Months Ended | ||
Dec. 31, 2023 USD ($) Installment $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) $ / shares shares | |
Defined Benefit Plan Disclosure [Line Items] | |||
Employer contribution for defined contribution plan | $ 4,700,000 | $ 4,400,000 | $ 4,100,000 |
Mandatorily redeemable shares, value | 700,000 | ||
Liability related to mandatorily redeemable shares | 0 | ||
Employee Stock Ownership Plan, common stock, fair value | $ 16,600,000 | ||
Employee Stock Ownership Plan, common stock, shares outstanding (shares) | shares | 123,762 | ||
Nonqualified Deferred Compensation Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Deferred compensation expense | $ 400,000 | $ 500,000 | $ 100,000 |
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 | 9,459 | 6,122 | 6,944 |
Vested | $ / shares | $ 145.96 | $ 174.76 | $ 164.23 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Loss Contingencies [Line Items] | ||
Loss contingency accrual | $ 7.6 | $ 10 |
Operating lease weighted average remaining lease term | 34 years | |
Operating Lease, Weighted Average Discount Rate, Percent | 4.50% | |
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, 2023 | Dec. 31, 2022 |
Loss Contingency [Abstract] | ||
2024 | $ 2,951 | |
2025 | 2,919 | |
2026 | 2,968 | |
2027 | 3,002 | |
2028 | 1,583 | |
Thereafter | 55,605 | |
Total minimum lease payments | 69,028 | |
Net present value adjustments | (41,684) | |
Right-of-use lease, liabilities | $ 27,344 | $ 28,671 |
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Accrued Liabilities | Accrued Liabilities |
Segment Information - Additiona
Segment Information - Additional Information (Details) | 12 Months Ended |
Dec. 31, 2023 Community Segment State | |
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% |
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, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Segment Information | |||
Total operating revenues | $ 2,148,468 | $ 2,019,866 | $ 1,778,082 |
Net Operating Income | 1,380,327 | 1,296,172 | 1,106,917 |
Depreciation and amortization | (565,063) | (542,998) | (533,433) |
Property management expenses | (67,784) | (65,463) | (55,732) |
General and administrative expenses | (58,578) | (58,833) | (52,884) |
Interest expense | (149,234) | (154,747) | (156,881) |
(Loss) gain on sale of depreciable real estate assets | (62) | 214,762 | 220,428 |
Gain on sale of non-depreciable real estate assets | 54 | 809 | 811 |
Other non-operating income (expense) | 31,185 | (42,713) | 33,902 |
Income tax (expense) benefit | (4,744) | 6,208 | (13,637) |
Income from real estate joint venture | 1,730 | 1,579 | 1,211 |
Net income (loss) attributable to noncontrolling interests | (15,025) | (17,340) | (16,911) |
Dividends to MAA Series I preferred shareholders | (3,688) | (3,688) | (3,688) |
Net income available for MAA common shareholders | 549,118 | 633,748 | 530,103 |
Same Store [Member] | |||
Segment Information | |||
Revenue from Contract with Customer, Including Assessed Tax | 2,013,283 | 1,895,071 | 1,683,380 |
Other operating income expense net | 11,468 | 11,932 | 11,854 |
Total operating revenues | 2,024,751 | 1,907,003 | 1,695,234 |
Net Operating Income | 1,306,939 | 1,232,893 | 1,061,572 |
Non-Same Store and Other | |||
Segment Information | |||
Revenue from Contract with Customer, Including Assessed Tax | 122,935 | 111,067 | 81,822 |
Other operating income expense net | 782 | 1,796 | 1,026 |
Total operating revenues | 123,717 | 112,863 | 82,848 |
Net Operating Income | $ 73,388 | $ 63,279 | $ 45,345 |
Segment Information - Assets fo
Segment Information - Assets for Reportable Segment (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | $ 11,484,503 | $ 11,241,165 |
Same Store [Member] | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | 9,509,470 | 9,697,889 |
Non-Same Store and Other [Member] | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | 1,776,165 | 1,370,721 |
Corporate [Member] | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | $ 198,868 | $ 172,555 |
Real Estate Acquisitions and _2
Real Estate Acquisitions and Dispositions - Additonal Information (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 USD ($) a ApartmentUnit | Dec. 31, 2022 USD ($) ApartmentUnit | Dec. 31, 2021 USD ($) | |
Business Acquisition [Line Items] | |||
Acquisition cost | $ 59,000 | ||
Gain (loss) on sale of depreciable real estate assets | $ (62) | 214,762 | $ 220,428 |
Phoenix, AZ | Multifamily [Member] | |||
Business Acquisition [Line Items] | |||
Proceeds used to purchase apartment communities | $ 103,000 | ||
Number of Units in Real Estate Property | ApartmentUnit | 323 | ||
Tampa F L | |||
Business Acquisition [Line Items] | |||
Acquisition cost | $ 73,000 | ||
Tampa F L | Multifamily [Member] | |||
Business Acquisition [Line Items] | |||
Number of Units in Real Estate Property | ApartmentUnit | 196 | ||
Orlando F L | |||
Business Acquisition [Line Items] | |||
Acquisition cost | $ 12,000 | ||
Orlando F L | Land | |||
Business Acquisition [Line Items] | |||
Area of Land | a | 6 | ||
Raleigh, NC | |||
Business Acquisition [Line Items] | |||
Acquisition cost | $ 1,000 | ||
Raleigh, NC | Land | |||
Business Acquisition [Line Items] | |||
Area of Land | a | 0.5 | ||
Charlotte, NC | |||
Business Acquisition [Line Items] | |||
Acquisition cost | $ 140,000 | ||
Charlotte, NC | Multifamily [Member] | |||
Business Acquisition [Line Items] | |||
Proceeds used to purchase apartment communities | $ 107,000 | ||
Number of Units in Real Estate Property | ApartmentUnit | 352 | 344 | |
ALABAMA | |||
Business Acquisition [Line Items] | |||
Gross proceeds from disposition | $ 1,000 | ||
Texas, Maryland | |||
Business Acquisition [Line Items] | |||
Gross proceeds from disposition | 325,000 | ||
Gain (loss) on sale of depreciable real estate assets | $ 215,000 | ||
Gulf Shores | |||
Business Acquisition [Line Items] | |||
Gross proceeds from disposition | $ 3,000 | ||
Gulf Shores | Land | |||
Business Acquisition [Line Items] | |||
Area of Land | a | 21 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Debt Instrument [Line Items] | |||
Net proceeds from share issued | $ 205,070 | $ 1,083 | $ 645 |
Schedule III Real Estate and _2
Schedule III Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Total Real Estate Assets, net of Real Estate Joint Venture | |||
Initial Cost Land | $ 2,105,264 | |||
Initial Cost Buildings and Fixtures | 10,305,691 | |||
Gross Amount, Land | 2,105,264 | |||
Gross Amount, Buildings and Fixtures | 13,901,354 | |||
Total | 16,006,618 | $ 15,246,658 | $ 14,704,237 | $ 14,338,895 |
Accumulated Depreciation | (4,864,690) | $ (4,302,747) | $ (3,848,161) | $ (3,415,105) |
Net | 11,141,928 | |||
Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,595,663 | |||
Paddock Club At Providence | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntsville, AL | |||
Initial Cost Land | $ 1,740 | |||
Initial Cost Buildings and Fixtures | 10,152 | |||
Paddock Club At Providence | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | 19,404 | |||
Total Residential Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 1,903,416 | |||
Initial Cost Buildings and Fixtures | 10,093,055 | |||
Gross Amount, Land | 1,903,416 | |||
Gross Amount, Buildings and Fixtures | 13,282,597 | |||
Total | 15,186,013 | |||
Accumulated Depreciation | (4,773,253) | |||
Net | 10,412,760 | |||
Total Residential Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | 3,189,542 | |||
Total Properties In Predevelopment | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 36,224 | |||
Gross Amount, Land | 36,224 | |||
Gross Amount, Buildings and Fixtures | 17,219 | |||
Total | 53,443 | |||
Net | 53,443 | |||
Total Properties In Predevelopment | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 17,219 | |||
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 | 33,716 | |||
Total | 36,357 | |||
Accumulated Depreciation | (14,048) | |||
Net | $ 22,309 | |||
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 Buildings and Fixtures | $ 4,874 | |||
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 | 29,718 | |||
Total | 33,480 | |||
Accumulated Depreciation | (13,775) | |||
Net | $ 19,705 | |||
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 Buildings and Fixtures | $ 7,639 | |||
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 | 39,394 | |||
Total | 42,797 | |||
Accumulated Depreciation | (16,557) | |||
Net | $ 26,240 | |||
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 Buildings and Fixtures | $ 7,581 | |||
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 | 13,711 | |||
Total | 14,563 | |||
Accumulated Depreciation | (10,133) | |||
Net | $ 4,430 | |||
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 Buildings and Fixtures | $ 6,044 | |||
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 | 32,888 | |||
Total | 36,100 | |||
Accumulated Depreciation | (14,324) | |||
Net | $ 21,776 | |||
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 Buildings and Fixtures | $ 7,726 | |||
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 | 49,398 | |||
Total | 54,342 | |||
Accumulated Depreciation | (19,236) | |||
Net | $ 35,106 | |||
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 Buildings and Fixtures | $ 10,725 | |||
Wholly Owned Properties - Residential | Paddock Club At Providence | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Gross Amount, Land | 1,740 | |||
Gross Amount, Buildings and Fixtures | 29,556 | |||
Total | 31,296 | |||
Accumulated Depreciation | (18,831) | |||
Net | $ 12,465 | |||
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 | 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 | 33,829 | |||
Total | 37,431 | |||
Accumulated Depreciation | (14,534) | |||
Net | $ 22,897 | |||
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 Buildings and Fixtures | $ 4,895 | |||
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 | 15,774 | |||
Total | 17,064 | |||
Accumulated Depreciation | (6,523) | |||
Net | $ 10,541 | |||
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 Buildings and Fixtures | $ 3,536 | |||
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 | 41,162 | |||
Total | 45,084 | |||
Accumulated Depreciation | (17,933) | |||
Net | $ 27,151 | |||
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 Buildings and Fixtures | $ 10,185 | |||
Wholly Owned Properties - Residential | MAA Sky View | ||||
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 | 18,030 | |||
Total | 20,698 | |||
Accumulated Depreciation | (9,220) | |||
Net | $ 11,478 | |||
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 | MAA Sky View | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,453 | |||
Wholly Owned Properties - Residential | MAA City Gate | ||||
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 | 31,760 | |||
Total | 35,979 | |||
Accumulated Depreciation | (13,121) | |||
Net | $ 22,858 | |||
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 City Gate | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,505 | |||
Wholly Owned Properties - Residential | MAA 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 | 32,423 | |||
Total | 40,324 | |||
Accumulated Depreciation | (16,691) | |||
Net | $ 23,633 | |||
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 | MAA Lyons Gate | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,241 | |||
Wholly Owned Properties - Residential | MAA 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 | 60,410 | |||
Total | 72,622 | |||
Accumulated Depreciation | (13,915) | |||
Net | $ 58,707 | |||
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 | MAA Fountainhead | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,705 | |||
Wholly Owned Properties - Residential | MAA Foothills | ||||
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 | 54,352 | |||
Total | 67,093 | |||
Accumulated Depreciation | (31,364) | |||
Net | $ 35,729 | |||
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 | MAA Foothills | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,651 | |||
Wholly Owned Properties - Residential | MAA Phoenix 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 | 74,433 | |||
Total | 83,434 | |||
Accumulated Depreciation | (10,403) | |||
Net | $ 73,031 | |||
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 | MAA Phoenix Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 74,433 | |||
Wholly Owned Properties - Residential | MAA Central Ave | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 11,323 | |||
Initial Cost Buildings and Fixtures | 90,350 | |||
Gross Amount, Land | 11,323 | |||
Gross Amount, Buildings and Fixtures | 90,350 | |||
Total | 101,673 | |||
Accumulated Depreciation | (541) | |||
Net | $ 101,132 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2022 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2023 | |||
Wholly Owned Properties - Residential | MAA 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 | 64,702 | |||
Total | 72,522 | |||
Accumulated Depreciation | (24,850) | |||
Net | $ 47,672 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA 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 | MAA 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 | MAA Old Town Scottsdale | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 13,075 | |||
Wholly Owned Properties - Residential | MAA Camelback | ||||
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 | 27,409 | |||
Total | 31,021 | |||
Accumulated Depreciation | (10,475) | |||
Net | $ 20,546 | |||
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 Camelback | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,136 | |||
Wholly Owned Properties - Residential | MAA Sky Song | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Scottsdale, AZ | |||
Initial Cost Buildings and Fixtures | $ 55,748 | |||
Gross Amount, Buildings and Fixtures | 60,908 | |||
Total | 60,908 | |||
Accumulated Depreciation | (14,354) | |||
Net | $ 46,554 | |||
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 | MAA Sky Song | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,160 | |||
Wholly Owned Properties - Residential | MAA Crowfield | ||||
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 | 19,841 | |||
Total | 21,162 | |||
Accumulated Depreciation | (9,215) | |||
Net | $ 11,947 | |||
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 | MAA Crowfield | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,678 | |||
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 | 70,714 | |||
Total | 85,214 | |||
Accumulated Depreciation | (14,943) | |||
Net | $ 70,271 | |||
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 Buildings and Fixtures | $ 41,814 | |||
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 | 104,488 | |||
Total | 128,599 | |||
Accumulated Depreciation | (18,619) | |||
Net | $ 109,980 | |||
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 Buildings and Fixtures | $ 23,171 | |||
Wholly Owned Properties - Residential | MAA 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 | 74,335 | |||
Total | 82,412 | |||
Accumulated Depreciation | (9,398) | |||
Net | $ 73,014 | |||
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 | MAA Westglenn | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 74,335 | |||
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 | 17,731 | |||
Total | 18,755 | |||
Accumulated Depreciation | (12,741) | |||
Net | $ 6,014 | |||
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 Buildings and Fixtures | $ 8,512 | |||
Wholly Owned Properties - Residential | MAA 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 | 50,450 | |||
Total | 53,430 | |||
Accumulated Depreciation | (19,988) | |||
Net | $ 33,442 | |||
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 Lakewood Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 10,220 | |||
Wholly Owned Properties - Residential | MAA 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 | 17,119 | |||
Total | 18,286 | |||
Accumulated Depreciation | (11,661) | |||
Net | $ 6,625 | |||
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 | MAA Indigo Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,619 | |||
Wholly Owned Properties - Residential | MAA 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 | 36,955 | |||
Total | 39,851 | |||
Accumulated Depreciation | (26,741) | |||
Net | $ 13,110 | |||
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 | MAA Brandon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 10,844 | |||
Wholly Owned Properties - Residential | MAA Hammocks | ||||
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 | 46,211 | |||
Total | 48,652 | |||
Accumulated Depreciation | (19,218) | |||
Net | $ 29,434 | |||
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 Hammocks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 9,348 | |||
Wholly Owned Properties - Residential | MAA Huntington | ||||
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 | 11,678 | |||
Total | 14,199 | |||
Accumulated Depreciation | (5,107) | |||
Net | $ 9,092 | |||
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 | MAA Huntington | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,455 | |||
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 | 59,018 | |||
Total | 68,618 | |||
Accumulated Depreciation | (34,915) | |||
Net | $ 33,703 | |||
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 Buildings and Fixtures | $ 19,014 | |||
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 | 22,949 | |||
Total | 24,749 | |||
Accumulated Depreciation | (13,687) | |||
Net | $ 11,062 | |||
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 Buildings and Fixtures | $ 7,070 | |||
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 | 18,311 | |||
Total | 20,351 | |||
Accumulated Depreciation | (7,986) | |||
Net | $ 12,365 | |||
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 Buildings and Fixtures | $ 1,973 | |||
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 | 42,357 | |||
Total | 46,458 | |||
Accumulated Depreciation | (18,480) | |||
Net | $ 27,978 | |||
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 Buildings and Fixtures | $ 6,673 | |||
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 | 45,135 | |||
Total | 47,516 | |||
Accumulated Depreciation | (10,000) | |||
Net | $ 37,516 | |||
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 Buildings and Fixtures | $ 9,621 | |||
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 | 23,915 | |||
Total | 27,915 | |||
Accumulated Depreciation | (10,140) | |||
Net | $ 17,775 | |||
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 Buildings and Fixtures | $ 4,420 | |||
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 | 13,120 | |||
Total | 13,974 | |||
Accumulated Depreciation | (10,199) | |||
Net | $ 3,775 | |||
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 Buildings and Fixtures | $ 5,620 | |||
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 | 20,994 | |||
Total | 22,527 | |||
Accumulated Depreciation | (16,017) | |||
Net | $ 6,510 | |||
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 Buildings and Fixtures | $ 7,159 | |||
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 | 23,785 | |||
Total | 25,215 | |||
Accumulated Depreciation | (18,466) | |||
Net | $ 6,749 | |||
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 Buildings and Fixtures | $ 10,902 | |||
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 | 42,935 | |||
Total | 46,982 | |||
Accumulated Depreciation | (27,537) | |||
Net | $ 19,445 | |||
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 Buildings and Fixtures | $ 7,883 | |||
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 | 20,234 | |||
Total | 21,645 | |||
Accumulated Depreciation | (12,142) | |||
Net | $ 9,503 | |||
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 Buildings and Fixtures | $ 5,267 | |||
Wholly Owned Properties - Residential | MAA Mandarin Lakes | ||||
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 | 30,256 | |||
Total | 33,113 | |||
Accumulated Depreciation | (15,848) | |||
Net | $ 17,265 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | MAA Mandarin 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, 1987 | |||
Wholly Owned Properties - Residential | MAA Mandarin 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, 2008 | |||
Wholly Owned Properties - Residential | MAA Mandarin Lakes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 23,781 | |||
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 | 40,304 | |||
Total | 46,721 | |||
Accumulated Depreciation | (16,663) | |||
Net | $ 30,058 | |||
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 Buildings and Fixtures | $ 4,235 | |||
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 | 26,583 | |||
Total | 28,261 | |||
Accumulated Depreciation | (20,669) | |||
Net | $ 7,592 | |||
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 Buildings and Fixtures | $ 11,404 | |||
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 | 68,172 | |||
Total | 74,518 | |||
Accumulated Depreciation | (23,829) | |||
Net | $ 50,689 | |||
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 Buildings and Fixtures | $ 26,633 | |||
Wholly Owned Properties - Residential | MAA Town Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lake Mary, FL | |||
Initial Cost Land | $ 9,223 | |||
Initial Cost Buildings and Fixtures | 66,873 | |||
Gross Amount, Land | 9,223 | |||
Gross Amount, Buildings and Fixtures | 78,530 | |||
Total | 87,753 | |||
Accumulated Depreciation | (34,905) | |||
Net | $ 52,848 | |||
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 | 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, 2004 | |||
Wholly Owned Properties - Residential | MAA Town Park | 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, 2005 | |||
Wholly Owned Properties - Residential | MAA Town Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 11,657 | |||
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 | 67,453 | |||
Total | 72,115 | |||
Accumulated Depreciation | (28,202) | |||
Net | $ 43,913 | |||
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 Buildings and Fixtures | $ 10,465 | |||
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 | 101,303 | |||
Total | 110,162 | |||
Accumulated Depreciation | (23,114) | |||
Net | $ 87,048 | |||
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 Buildings and Fixtures | $ 50,750 | |||
Wholly Owned Properties - Residential | MAA Robinson | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 6,003 | |||
Gross Amount, Land | 6,003 | |||
Gross Amount, Buildings and Fixtures | 91,741 | |||
Total | 97,744 | |||
Accumulated Depreciation | (11,620) | |||
Net | $ 86,124 | |||
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 | MAA Robinson | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 91,741 | |||
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 | 151,215 | |||
Total | 169,316 | |||
Accumulated Depreciation | (43,119) | |||
Net | $ 126,197 | |||
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 Buildings and Fixtures | $ 7,015 | |||
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 | 55,766 | |||
Total | 62,812 | |||
Accumulated Depreciation | (14,359) | |||
Net | $ 48,453 | |||
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 Buildings and Fixtures | $ 3,181 | |||
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 | 60,609 | |||
Total | 66,278 | |||
Accumulated Depreciation | (16,663) | |||
Net | $ 49,615 | |||
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 Buildings and Fixtures | $ 10,855 | |||
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 | 49,564 | |||
Total | 57,444 | |||
Accumulated Depreciation | (20,138) | |||
Net | $ 37,306 | |||
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 Buildings and Fixtures | $ 8,389 | |||
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 | 56,019 | |||
Total | 63,654 | |||
Accumulated Depreciation | (7,632) | |||
Net | $ 56,022 | |||
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 Buildings and Fixtures | $ 56,019 | |||
Wholly Owned Properties - Residential | MAA Palm Harbor | ||||
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 | 32,727 | |||
Total | 39,627 | |||
Accumulated Depreciation | (16,900) | |||
Net | $ 22,727 | |||
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 | MAA Palm Harbor | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,114 | |||
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 | 20,994 | |||
Total | 21,887 | |||
Accumulated Depreciation | (13,126) | |||
Net | $ 8,761 | |||
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 Buildings and Fixtures | $ 6,718 | |||
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 | 55,771 | |||
Total | 58,862 | |||
Accumulated Depreciation | (22,697) | |||
Net | $ 36,165 | |||
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 Buildings and Fixtures | $ 7,978 | |||
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 | 20,919 | |||
Total | 22,399 | |||
Accumulated Depreciation | (16,166) | |||
Net | $ 6,233 | |||
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 Buildings and Fixtures | $ 16,114 | |||
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 | 29,206 | |||
Total | 32,806 | |||
Accumulated Depreciation | (9,867) | |||
Net | $ 22,939 | |||
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 Buildings and Fixtures | $ 3,292 | |||
Wholly Owned Properties - Residential | MAA 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 | 17,726 | |||
Total | 18,578 | |||
Accumulated Depreciation | (12,488) | |||
Net | $ 6,090 | |||
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 | MAA Belmere | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 10,059 | |||
Wholly Owned Properties - Residential | MAA Hampton Preserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 17,029 | |||
Initial Cost Buildings and Fixtures | 131,398 | |||
Gross Amount, Land | 17,029 | |||
Gross Amount, Buildings and Fixtures | 138,107 | |||
Total | 155,136 | |||
Accumulated Depreciation | (32,817) | |||
Net | $ 122,319 | |||
Wholly Owned Properties - Residential | MAA Hampton Preserve | 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, 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 Hampton Preserve | 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, 2021 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2022 | |||
Wholly Owned Properties - Residential | MAA Hampton Preserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,709 | |||
Wholly Owned Properties - Residential | MAA 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 | 15,656 | |||
Total | 16,583 | |||
Accumulated Depreciation | (11,174) | |||
Net | $ 5,409 | |||
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 | MAA Carrollwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 8,301 | |||
Wholly Owned Properties - Residential | MAA Bay View | ||||
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 | 31,596 | |||
Total | 36,137 | |||
Accumulated Depreciation | (8,951) | |||
Net | $ 27,186 | |||
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 | MAA Bay View | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,215 | |||
Wholly Owned Properties - Residential | MAA Harbour Island | ||||
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 | 135,669 | |||
Total | 151,965 | |||
Accumulated Depreciation | (39,833) | |||
Net | $ 112,132 | |||
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 | MAA Harbour Island | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 19,476 | |||
Wholly Owned Properties - Residential | MAA 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 | 109,162 | |||
Total | 126,053 | |||
Accumulated Depreciation | (31,218) | |||
Net | $ 94,835 | |||
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 | MAA Hyde Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 13,903 | |||
Wholly Owned Properties - Residential | MAA 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 | 176,143 | |||
Total | 211,403 | |||
Accumulated Depreciation | (50,629) | |||
Net | $ 160,774 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA 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 | MAA 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, 1995 | |||
Wholly Owned Properties - Residential | MAA Rocky Point | 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, 1996 | |||
Wholly Owned Properties - Residential | MAA Rocky Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 23,041 | |||
Wholly Owned Properties - Residential | MAA 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 | 58,514 | |||
Total | 63,704 | |||
Accumulated Depreciation | (14,636) | |||
Net | $ 49,068 | |||
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 | MAA SoHo Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 2,218 | |||
Wholly Owned Properties - Residential | MAA Tampa 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 | 24,093 | |||
Total | 26,984 | |||
Accumulated Depreciation | (11,896) | |||
Net | $ 15,088 | |||
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 | MAA Tampa Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,038 | |||
Wholly Owned Properties - Residential | MAA 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 | 47,939 | |||
Total | 50,990 | |||
Accumulated Depreciation | (19,693) | |||
Net | $ 31,297 | |||
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 Seven Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,171 | |||
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 | 40,839 | |||
Total | 43,550 | |||
Accumulated Depreciation | (16,012) | |||
Net | $ 27,538 | |||
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 Buildings and Fixtures | $ 4,129 | |||
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 | 126,128 | |||
Total | 150,742 | |||
Accumulated Depreciation | (34,513) | |||
Net | $ 116,229 | |||
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 Buildings and Fixtures | $ 11,207 | |||
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 | 121,693 | |||
Total | 150,741 | |||
Accumulated Depreciation | (35,573) | |||
Net | $ 115,168 | |||
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 Buildings and Fixtures | $ 15,230 | |||
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 | 61,127 | |||
Total | 72,295 | |||
Accumulated Depreciation | (24,045) | |||
Net | $ 48,250 | |||
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 Buildings and Fixtures | $ 8,369 | |||
Wholly Owned Properties - Residential | MAA 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 | 32,144 | |||
Total | 40,777 | |||
Accumulated Depreciation | (13,651) | |||
Net | $ 27,126 | |||
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 | MAA Buckhead | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 12,300 | |||
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 | 74,279 | |||
Total | 87,929 | |||
Accumulated Depreciation | (13,099) | |||
Net | $ 74,830 | |||
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 Buildings and Fixtures | $ 63,329 | |||
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 | 89,017 | |||
Total | 119,240 | |||
Accumulated Depreciation | (24,772) | |||
Net | $ 94,468 | |||
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 Buildings and Fixtures | $ 6,053 | |||
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 | 55,726 | |||
Total | 71,525 | |||
Accumulated Depreciation | (15,838) | |||
Net | $ 55,687 | |||
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 Buildings and Fixtures | $ 7,672 | |||
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 | 68,847 | |||
Total | 86,754 | |||
Accumulated Depreciation | (19,499) | |||
Net | $ 67,255 | |||
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 Buildings and Fixtures | $ 12,754 | |||
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 | 60,096 | |||
Total | 73,974 | |||
Accumulated Depreciation | (17,023) | |||
Net | $ 56,951 | |||
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 Buildings and Fixtures | $ 9,017 | |||
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 | 171,964 | |||
Total | 195,840 | |||
Accumulated Depreciation | (51,397) | |||
Net | $ 144,443 | |||
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 Buildings and Fixtures | $ 6,392 | |||
Wholly Owned Properties - Residential | MAA Benton | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Pooler, GA | |||
Initial Cost Land | $ 3,550 | |||
Initial Cost Buildings and Fixtures | 66,347 | |||
Gross Amount, Land | 3,550 | |||
Gross Amount, Buildings and Fixtures | 76,399 | |||
Total | 79,949 | |||
Accumulated Depreciation | (31,876) | |||
Net | $ 48,073 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Benton | 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, 2001 | |||
Wholly Owned Properties - Residential | MAA Benton | 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 Benton | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 10,052 | |||
Wholly Owned Properties - Residential | MAA Avala | ||||
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 | 28,478 | |||
Total | 29,978 | |||
Accumulated Depreciation | (12,141) | |||
Net | $ 17,837 | |||
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 | MAA Avala | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,616 | |||
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 | 85,969 | |||
Total | 92,969 | |||
Accumulated Depreciation | (15,158) | |||
Net | $ 77,811 | |||
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 Buildings and Fixtures | $ 41,969 | |||
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 | 40,123 | |||
Total | 46,979 | |||
Accumulated Depreciation | (19,786) | |||
Net | $ 27,193 | |||
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 Buildings and Fixtures | $ 8,682 | |||
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 | 57,929 | |||
Total | 69,903 | |||
Accumulated Depreciation | (15,439) | |||
Net | $ 54,464 | |||
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 Buildings and Fixtures | $ 2,665 | |||
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 | 40,722 | |||
Total | 51,747 | |||
Accumulated Depreciation | (10,559) | |||
Net | $ 41,188 | |||
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 Buildings and Fixtures | $ 6,445 | |||
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 | 102,520 | |||
Total | 126,285 | |||
Accumulated Depreciation | (32,186) | |||
Net | $ 94,099 | |||
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 Buildings and Fixtures | $ 13,151 | |||
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 | 66,589 | |||
Total | 85,185 | |||
Accumulated Depreciation | (20,475) | |||
Net | $ 64,710 | |||
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 Buildings and Fixtures | $ 8,770 | |||
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 | 37,412 | |||
Total | 37,412 | |||
Accumulated Depreciation | (11,622) | |||
Net | $ 25,790 | |||
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 Buildings and Fixtures | $ 7,361 | |||
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 | 19,871 | |||
Total | 21,831 | |||
Accumulated Depreciation | (9,758) | |||
Net | $ 12,073 | |||
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 Buildings and Fixtures | $ 4,164 | |||
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 | 40,411 | |||
Total | 44,396 | |||
Accumulated Depreciation | (19,278) | |||
Net | $ 25,118 | |||
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 Buildings and Fixtures | $ 8,205 | |||
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 | 41,933 | |||
Total | 48,686 | |||
Accumulated Depreciation | (19,200) | |||
Net | $ 29,486 | |||
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 Buildings and Fixtures | $ 9,731 | |||
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 | 32,469 | |||
Total | 36,309 | |||
Accumulated Depreciation | (19,734) | |||
Net | $ 16,575 | |||
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 Buildings and Fixtures | $ 8,458 | |||
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 | 19,328 | |||
Total | 23,677 | |||
Accumulated Depreciation | (10,672) | |||
Net | $ 13,005 | |||
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 Buildings and Fixtures | $ 5,749 | |||
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 | 25,706 | |||
Total | 27,765 | |||
Accumulated Depreciation | (11,591) | |||
Net | $ 16,174 | |||
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 Buildings and Fixtures | $ 6,548 | |||
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 | 29,455 | |||
Total | 36,316 | |||
Accumulated Depreciation | (12,388) | |||
Net | $ 23,928 | |||
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 Buildings and Fixtures | $ 5,707 | |||
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 | 55,819 | |||
Total | 62,529 | |||
Accumulated Depreciation | (33,672) | |||
Net | $ 28,857 | |||
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 Buildings and Fixtures | $ 14,825 | |||
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 | 56,136 | |||
Total | 61,000 | |||
Accumulated Depreciation | (24,595) | |||
Net | $ 36,405 | |||
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 Buildings and Fixtures | $ 10,243 | |||
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 | 34,810 | |||
Total | 37,910 | |||
Accumulated Depreciation | (13,116) | |||
Net | $ 24,794 | |||
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 Buildings and Fixtures | $ 5,570 | |||
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 | 31,600 | |||
Total | 37,261 | |||
Accumulated Depreciation | (15,487) | |||
Net | $ 21,774 | |||
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 Buildings and Fixtures | $ 5,414 | |||
Wholly Owned Properties - Residential | MAA Georgetown Grove | ||||
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 | 16,457 | |||
Total | 17,745 | |||
Accumulated Depreciation | (12,821) | |||
Net | $ 4,924 | |||
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 | MAA Georgetown Grove | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,878 | |||
Wholly Owned Properties - Residential | Oaks at Wilmington Island | ||||
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 | 32,720 | |||
Total | 35,584 | |||
Accumulated Depreciation | (18,708) | |||
Net | $ 16,876 | |||
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 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,405 | |||
Wholly Owned Properties - Residential | MAA West Village | ||||
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 | 86,955 | |||
Total | 101,365 | |||
Accumulated Depreciation | (28,750) | |||
Net | $ 72,615 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | MAA West 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, 2006 | |||
Wholly Owned Properties - Residential | MAA West 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, 2012 | |||
Wholly Owned Properties - Residential | MAA West Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 13,222 | |||
Wholly Owned Properties - Residential | Ranch at Prairie Trace | ||||
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 | 44,495 | |||
Total | 47,995 | |||
Accumulated Depreciation | (10,211) | |||
Net | $ 37,784 | |||
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 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,881 | |||
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 | 40,522 | |||
Total | 42,546 | |||
Accumulated Depreciation | (24,708) | |||
Net | $ 17,838 | |||
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 Buildings and Fixtures | $ 8,997 | |||
Wholly Owned Properties - Residential | MAA Lakepointe | ||||
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 | 7,026 | |||
Total | 7,437 | |||
Accumulated Depreciation | (5,650) | |||
Net | $ 1,787 | |||
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 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,327 | |||
Wholly Owned Properties - Residential | MAA Mansion | ||||
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 | 11,652 | |||
Total | 12,346 | |||
Accumulated Depreciation | (9,078) | |||
Net | $ 3,268 | |||
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 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,410 | |||
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 | 14,241 | |||
Total | 15,141 | |||
Accumulated Depreciation | (11,491) | |||
Net | $ 3,650 | |||
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 Buildings and Fixtures | $ 6,144 | |||
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 | 23,320 | |||
Total | 24,489 | |||
Accumulated Depreciation | (17,951) | |||
Net | $ 6,538 | |||
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 Buildings and Fixtures | $ 12,802 | |||
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 | 52,080 | |||
Total | 57,894 | |||
Accumulated Depreciation | (19,914) | |||
Net | $ 37,980 | |||
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 Buildings and Fixtures | $ 5,839 | |||
Wholly Owned Properties - Residential | The Denton | ||||
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 | 81,338 | |||
Total | 86,858 | |||
Accumulated Depreciation | (17,501) | |||
Net | $ 69,357 | |||
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 | 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 | 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 | 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 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 30,399 | |||
Wholly Owned Properties - Residential | MAA Beaver Creek | ||||
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 | 39,682 | |||
Total | 47,173 | |||
Accumulated Depreciation | (16,227) | |||
Net | $ 30,946 | |||
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 Beaver Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,819 | |||
Wholly Owned Properties - Residential | MAA Hermitage | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cary, NC | |||
Initial Cost Land | $ 896 | |||
Initial Cost Buildings and Fixtures | 8,099 | |||
Gross Amount, Land | 896 | |||
Gross Amount, Buildings and Fixtures | 14,657 | |||
Total | 15,553 | |||
Accumulated Depreciation | (11,150) | |||
Net | $ 4,403 | |||
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 | MAA Hermitage | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,558 | |||
Wholly Owned Properties - Residential | MAA 900 Waterford | ||||
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 | 27,400 | |||
Total | 31,400 | |||
Accumulated Depreciation | (15,781) | |||
Net | $ 15,619 | |||
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 | MAA 900 Waterford | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,150 | |||
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 | 57,259 | |||
Total | 66,871 | |||
Accumulated Depreciation | (18,730) | |||
Net | $ 48,141 | |||
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 Buildings and Fixtures | $ 34,917 | |||
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 | 72,735 | |||
Total | 75,216 | |||
Accumulated Depreciation | (27,197) | |||
Net | $ 48,019 | |||
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 Buildings and Fixtures | $ 20,616 | |||
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 | 51,141 | |||
Total | 67,357 | |||
Accumulated Depreciation | (14,547) | |||
Net | $ 52,810 | |||
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 Buildings and Fixtures | $ 6,324 | |||
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 | 31,431 | |||
Total | 34,592 | |||
Accumulated Depreciation | (12,446) | |||
Net | $ 22,146 | |||
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 Buildings and Fixtures | $ 7,427 | |||
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 | 36,374 | |||
Total | 41,685 | |||
Accumulated Depreciation | (15,200) | |||
Net | $ 26,485 | |||
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 Buildings and Fixtures | $ 8,358 | |||
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 | 20,037 | |||
Total | 21,657 | |||
Accumulated Depreciation | (7,879) | |||
Net | $ 13,778 | |||
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 Buildings and Fixtures | $ 2,538 | |||
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 | 22,080 | |||
Total | 23,541 | |||
Accumulated Depreciation | (8,308) | |||
Net | $ 15,233 | |||
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 Buildings and Fixtures | $ 3,096 | |||
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 | 73,640 | |||
Total | 91,168 | |||
Accumulated Depreciation | (20,536) | |||
Net | $ 70,632 | |||
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 Buildings and Fixtures | $ 16,196 | |||
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 | 34,006 | |||
Total | 36,897 | |||
Accumulated Depreciation | (14,199) | |||
Net | $ 22,698 | |||
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 Buildings and Fixtures | $ 5,734 | |||
Wholly Owned Properties - Residential | MAA LoSo | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 14,600 | |||
Initial Cost Buildings and Fixtures | 108,076 | |||
Gross Amount, Land | 14,600 | |||
Gross Amount, Buildings and Fixtures | 125,566 | |||
Total | 140,166 | |||
Accumulated Depreciation | (4,707) | |||
Net | $ 135,459 | |||
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, 2022 | |||
Wholly Owned Properties - Residential | MAA LoSo | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 17,490 | |||
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 | 31,807 | |||
Total | 36,398 | |||
Accumulated Depreciation | (13,776) | |||
Net | $ 22,622 | |||
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 Buildings and Fixtures | $ 4,094 | |||
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 | 59,127 | |||
Total | 63,755 | |||
Accumulated Depreciation | (14,935) | |||
Net | $ 48,820 | |||
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 Buildings and Fixtures | $ 14,845 | |||
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 | 65,927 | |||
Total | 84,762 | |||
Accumulated Depreciation | (16,985) | |||
Net | $ 67,777 | |||
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 Buildings and Fixtures | $ 7,132 | |||
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 | 77,220 | |||
Total | 98,089 | |||
Accumulated Depreciation | (22,064) | |||
Net | $ 76,025 | |||
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 Buildings and Fixtures | $ 11,703 | |||
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 | 23,995 | |||
Total | 26,255 | |||
Accumulated Depreciation | (10,097) | |||
Net | $ 16,158 | |||
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 Buildings and Fixtures | $ 4,506 | |||
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 | 38,872 | |||
Total | 42,122 | |||
Accumulated Depreciation | (17,008) | |||
Net | $ 25,114 | |||
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 Buildings and Fixtures | $ 7,483 | |||
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 | 40,093 | |||
Total | 50,981 | |||
Accumulated Depreciation | (10,400) | |||
Net | $ 40,581 | |||
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 Buildings and Fixtures | $ 10,015 | |||
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 | 32,686 | |||
Total | 37,257 | |||
Accumulated Depreciation | (14,397) | |||
Net | $ 22,860 | |||
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 Buildings and Fixtures | $ 3,535 | |||
Wholly Owned Properties - Residential | MAA Patterson | ||||
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 | 32,912 | |||
Total | 35,502 | |||
Accumulated Depreciation | (13,674) | |||
Net | $ 21,828 | |||
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 Patterson | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,786 | |||
Wholly Owned Properties - Residential | MAA 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 | 45,221 | |||
Total | 49,422 | |||
Accumulated Depreciation | (18,992) | |||
Net | $ 30,430 | |||
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 Research Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,539 | |||
Wholly Owned Properties - Residential | MAA Duke Forest | ||||
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 | 19,630 | |||
Total | 22,901 | |||
Accumulated Depreciation | (9,227) | |||
Net | $ 13,674 | |||
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 Duke Forest | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,021 | |||
Wholly Owned Properties - Residential | MAA 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 | 35,207 | |||
Total | 38,817 | |||
Accumulated Depreciation | (14,284) | |||
Net | $ 24,533 | |||
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 Cypress Cove | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,562 | |||
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 | 37,516 | |||
Total | 41,767 | |||
Accumulated Depreciation | (16,331) | |||
Net | $ 25,436 | |||
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 Buildings and Fixtures | $ 5,568 | |||
Wholly Owned Properties - Residential | MAA 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 | 34,496 | |||
Total | 38,467 | |||
Accumulated Depreciation | (13,937) | |||
Net | $ 24,530 | |||
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 | MAA Hampton Pointe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 11,706 | |||
Wholly Owned Properties - Residential | MAA 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 | 32,936 | |||
Total | 33,856 | |||
Accumulated Depreciation | (13,639) | |||
Net | $ 20,217 | |||
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 | MAA James Island | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 8,839 | |||
Wholly Owned Properties - Residential | MAA 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 | 27,317 | |||
Total | 31,888 | |||
Accumulated Depreciation | (12,679) | |||
Net | $ 19,209 | |||
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 | MAA Westchase | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,226 | |||
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 | 30,288 | |||
Total | 33,359 | |||
Accumulated Depreciation | (14,171) | |||
Net | $ 19,188 | |||
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 Buildings and Fixtures | $ 8,458 | |||
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 | 32,610 | |||
Total | 36,300 | |||
Accumulated Depreciation | (13,855) | |||
Net | $ 22,445 | |||
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 Buildings and Fixtures | $ 4,074 | |||
Wholly Owned Properties - Residential | MAA 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 | 38,665 | |||
Total | 45,066 | |||
Accumulated Depreciation | (15,925) | |||
Net | $ 29,141 | |||
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 | MAA Arringdon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,531 | |||
Wholly Owned Properties - Residential | MAA Brierdale | ||||
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 | 55,052 | |||
Total | 62,424 | |||
Accumulated Depreciation | (22,730) | |||
Net | $ 39,694 | |||
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 | MAA Brierdale | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,850 | |||
Wholly Owned Properties - Residential | MAA 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 | 53,595 | |||
Total | 60,167 | |||
Accumulated Depreciation | (21,495) | |||
Net | $ 38,672 | |||
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 Brier Falls | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,685 | |||
Wholly Owned Properties - Residential | MAA Crabtree | ||||
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 | 23,255 | |||
Total | 25,496 | |||
Accumulated Depreciation | (9,072) | |||
Net | $ 16,424 | |||
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 Crabtree | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,821 | |||
Wholly Owned Properties - Residential | MAA Trinity | ||||
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 | 53,498 | |||
Total | 58,730 | |||
Accumulated Depreciation | (22,957) | |||
Net | $ 35,773 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Trinity | 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 | MAA Trinity | 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 | MAA Trinity | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 8,360 | |||
Wholly Owned Properties - Residential | MAA 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 | 34,103 | |||
Total | 37,793 | |||
Accumulated Depreciation | (12,013) | |||
Net | $ 25,780 | |||
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 Hue | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,193 | |||
Wholly Owned Properties - Residential | MAA Wade Park | ||||
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 | 128,152 | |||
Total | 147,586 | |||
Accumulated Depreciation | (37,983) | |||
Net | $ 109,603 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Wade Park | 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 | MAA Wade Park | 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 Wade Park | 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 | MAA Wade Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 29,864 | |||
Wholly Owned Properties - Residential | MAA 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 | 43,422 | |||
Total | 52,253 | |||
Accumulated Depreciation | (10,714) | |||
Net | $ 41,539 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA 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 | MAA 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 | MAA Rivers Walk | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,992 | |||
Wholly Owned Properties - Residential | MAA Preserve | ||||
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 | 51,137 | |||
Total | 56,968 | |||
Accumulated Depreciation | (26,485) | |||
Net | $ 30,483 | |||
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 | MAA Preserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 29,157 | |||
Wholly Owned Properties - Residential | MAA Providence | ||||
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 | 32,901 | |||
Total | 37,596 | |||
Accumulated Depreciation | (17,020) | |||
Net | $ 20,576 | |||
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 | MAA Providence | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,894 | |||
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 | 33,527 | |||
Total | 37,618 | |||
Accumulated Depreciation | (14,246) | |||
Net | $ 23,372 | |||
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 Buildings and Fixtures | $ 3,701 | |||
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 | 32,990 | |||
Total | 37,899 | |||
Accumulated Depreciation | (14,520) | |||
Net | $ 23,379 | |||
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 Buildings and Fixtures | $ 7,347 | |||
Wholly Owned Properties - Residential | MAA 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 | 7,540 | |||
Total | 7,967 | |||
Accumulated Depreciation | (6,146) | |||
Net | $ 1,821 | |||
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 | MAA Tanglewood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,687 | |||
Wholly Owned Properties - Residential | MAA 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 | 82,650 | |||
Total | 101,329 | |||
Accumulated Depreciation | (16,423) | |||
Net | $ 84,906 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA 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 | MAA 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 | MAA 1201 Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 18,891 | |||
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 | 24,550 | |||
Total | 26,390 | |||
Accumulated Depreciation | (18,658) | |||
Net | $ 7,732 | |||
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 Buildings and Fixtures | $ 7,990 | |||
Wholly Owned Properties - Residential | 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 | 11,868 | |||
Total | 12,778 | |||
Accumulated Depreciation | (10,322) | |||
Net | $ 2,456 | |||
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 | Fairways | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,661 | |||
Wholly Owned Properties - Residential | MAA 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 | 18,086 | |||
Total | 19,390 | |||
Accumulated Depreciation | (13,871) | |||
Net | $ 5,519 | |||
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 | MAA Howell Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,346 | |||
Wholly Owned Properties - Residential | MAA Innovation | ||||
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 | 55,633 | |||
Total | 60,070 | |||
Accumulated Depreciation | (13,876) | |||
Net | $ 46,194 | |||
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 | MAA Innovation | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,607 | |||
Wholly Owned Properties - Residential | MAA Paddock Club | ||||
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 | 15,221 | |||
Total | 16,421 | |||
Accumulated Depreciation | (11,631) | |||
Net | $ 4,790 | |||
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 | MAA Paddock Club | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,421 | |||
Wholly Owned Properties - Residential | MAA 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 | 9,015 | |||
Total | 9,375 | |||
Accumulated Depreciation | (6,938) | |||
Net | $ 2,437 | |||
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 | MAA Haywood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,090 | |||
Wholly Owned Properties - Residential | MAA 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 | 10,149 | |||
Total | 10,732 | |||
Accumulated Depreciation | (7,336) | |||
Net | $ 3,396 | |||
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 | MAA Spring Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,775 | |||
Wholly Owned Properties - Residential | MAA 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 | 68,332 | |||
Total | 73,759 | |||
Accumulated Depreciation | (8,152) | |||
Net | $ 65,607 | |||
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 | MAA Greene | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 1,786 | |||
Wholly Owned Properties - Residential | MAA 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 | 16,707 | |||
Total | 17,803 | |||
Accumulated Depreciation | (12,229) | |||
Net | $ 5,574 | |||
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 | MAA Runaway Bay | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 9,438 | |||
Wholly Owned Properties - Residential | MAA 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 | 40,719 | |||
Total | 43,499 | |||
Accumulated Depreciation | (16,635) | |||
Net | $ 26,864 | |||
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 Commerce Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,753 | |||
Wholly Owned Properties - Residential | MAA Point Place | ||||
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 | 21,712 | |||
Total | 22,928 | |||
Accumulated Depreciation | (10,103) | |||
Net | $ 12,825 | |||
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 | MAA Point Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,046 | |||
Wholly Owned Properties - Residential | MAA 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 | 9,932 | |||
Total | 10,655 | |||
Accumulated Depreciation | (7,758) | |||
Net | $ 2,897 | |||
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 | MAA Park Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,428 | |||
Wholly Owned Properties - Residential | MAA 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 | 16,219 | |||
Total | 18,322 | |||
Accumulated Depreciation | (8,002) | |||
Net | $ 10,320 | |||
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 | MAA Waters Edge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,032 | |||
Wholly Owned Properties - Residential | MAA Farm Springs | ||||
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 | 30,607 | |||
Total | 33,407 | |||
Accumulated Depreciation | (16,784) | |||
Net | $ 16,623 | |||
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, 2007 | |||
Wholly Owned Properties - Residential | MAA Farm Springs | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,312 | |||
Wholly Owned Properties - Residential | MAA Optimist Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 10,574 | |||
Initial Cost Buildings and Fixtures | 95,346 | |||
Gross Amount, Land | 10,574 | |||
Gross Amount, Buildings and Fixtures | 95,847 | |||
Total | 106,421 | |||
Accumulated Depreciation | (578) | |||
Net | $ 105,843 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2023 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2023 | |||
Wholly Owned Properties - Residential | MAA Optimist Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 501 | |||
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 | 19,878 | |||
Total | 21,009 | |||
Accumulated Depreciation | (11,045) | |||
Net | $ 9,964 | |||
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 Buildings and Fixtures | $ 9,246 | |||
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 | 17,827 | |||
Total | 18,799 | |||
Accumulated Depreciation | (9,798) | |||
Net | $ 9,001 | |||
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 Buildings and Fixtures | $ 8,873 | |||
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 | 7,555 | |||
Total | 7,772 | |||
Accumulated Depreciation | (4,714) | |||
Net | $ 3,058 | |||
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 Buildings and Fixtures | $ 5,598 | |||
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 | 13,419 | |||
Total | 14,236 | |||
Accumulated Depreciation | (9,974) | |||
Net | $ 4,262 | |||
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 Buildings and Fixtures | $ 6,003 | |||
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 | 22,366 | |||
Total | 23,514 | |||
Accumulated Depreciation | (17,500) | |||
Net | $ 6,014 | |||
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 Buildings and Fixtures | $ 12,029 | |||
Wholly Owned Properties - Residential | Lincoln On The 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 | 41,182 | |||
Total | 42,680 | |||
Accumulated Depreciation | (32,253) | |||
Net | $ 10,427 | |||
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 The Green | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 20,699 | |||
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 | 5,255 | |||
Total | 5,433 | |||
Accumulated Depreciation | (4,031) | |||
Net | $ 1,402 | |||
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 Buildings and Fixtures | $ 4,114 | |||
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 | 68,203 | |||
Total | 71,610 | |||
Accumulated Depreciation | (37,724) | |||
Net | $ 33,886 | |||
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 Buildings and Fixtures | $ 52,160 | |||
Wholly Owned Properties - Residential | MAA 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 | 20,323 | |||
Total | 21,238 | |||
Accumulated Depreciation | (12,624) | |||
Net | $ 8,614 | |||
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 | MAA Murfreesboro | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,549 | |||
Wholly Owned Properties - Residential | MAA Acklen | ||||
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 | 61,843 | |||
Total | 74,604 | |||
Accumulated Depreciation | (13,709) | |||
Net | $ 60,895 | |||
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 | MAA Acklen | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 2,937 | |||
Wholly Owned Properties - Residential | MAA Indian Lake | ||||
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 | 32,021 | |||
Total | 36,971 | |||
Accumulated Depreciation | (13,454) | |||
Net | $ 23,517 | |||
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 | MAA Indian Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,968 | |||
Wholly Owned Properties - Residential | MAA Kennesaw Farms | ||||
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 | 28,497 | |||
Total | 31,953 | |||
Accumulated Depreciation | (12,804) | |||
Net | $ 19,149 | |||
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 | MAA Kennesaw Farms | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,054 | |||
Wholly Owned Properties - Residential | MAA Brentwood | ||||
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 | 22,073 | |||
Total | 23,264 | |||
Accumulated Depreciation | (16,219) | |||
Net | $ 7,045 | |||
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 Brentwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 11,334 | |||
Wholly Owned Properties - Residential | MAA Charlotte Ave | ||||
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 | 57,781 | |||
Total | 65,679 | |||
Accumulated Depreciation | (11,320) | |||
Net | $ 54,359 | |||
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 | MAA Charlotte Ave | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,301 | |||
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 | 74,238 | |||
Total | 91,431 | |||
Accumulated Depreciation | (25,860) | |||
Net | $ 65,571 | |||
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 Buildings and Fixtures | $ 10,042 | |||
Wholly Owned Properties - Residential | MAA Nashville West | ||||
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 | 46,395 | |||
Total | 49,358 | |||
Accumulated Depreciation | (26,754) | |||
Net | $ 22,604 | |||
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 | MAA Nashville West | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 12,722 | |||
Wholly Owned Properties - Residential | MAA 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 | 37,768 | |||
Total | 40,504 | |||
Accumulated Depreciation | (24,295) | |||
Net | $ 16,209 | |||
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 | MAA Monthaven Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 8,866 | |||
Wholly Owned Properties - Residential | MAA Park | ||||
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 | 25,169 | |||
Total | 26,693 | |||
Accumulated Depreciation | (20,313) | |||
Net | $ 6,380 | |||
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 | MAA Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 10,369 | |||
Wholly Owned Properties - Residential | MAA Cool Springs | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 6,670 | |||
Initial Cost Buildings and Fixtures | 0 | |||
Gross Amount, Land | 6,670 | |||
Gross Amount, Buildings and Fixtures | 55,260 | |||
Total | 61,930 | |||
Accumulated Depreciation | (16,774) | |||
Net | $ 45,156 | |||
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 | MAA Cool Springs | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 55,260 | |||
Wholly Owned Properties - Residential | MAA 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 | 34,738 | |||
Total | 38,088 | |||
Accumulated Depreciation | (15,714) | |||
Net | $ 22,374 | |||
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 Sam Ridley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,430 | |||
Wholly Owned Properties - Residential | MAA 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 | 27,862 | |||
Total | 29,460 | |||
Accumulated Depreciation | (18,577) | |||
Net | $ 10,883 | |||
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 | MAA Balcones Woods | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 13,464 | |||
Wholly Owned Properties - Residential | MAA 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 | 36,555 | |||
Total | 40,176 | |||
Accumulated Depreciation | (15,269) | |||
Net | $ 24,907 | |||
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 Canyon Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,418 | |||
Wholly Owned Properties - Residential | MAA 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 | 25,371 | |||
Total | 29,149 | |||
Accumulated Depreciation | (11,400) | |||
Net | $ 17,749 | |||
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 | MAA Canyon Pointe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,170 | |||
Wholly Owned Properties - Residential | MAA 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 | 32,152 | |||
Total | 35,283 | |||
Accumulated Depreciation | (13,616) | |||
Net | $ 21,667 | |||
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 Double Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 2,777 | |||
Wholly Owned Properties - Residential | MAA 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 | 37,762 | |||
Total | 42,664 | |||
Accumulated Depreciation | (16,419) | |||
Net | $ 26,245 | |||
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 Onion Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,752 | |||
Wholly Owned Properties - Residential | MAA 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 | 36,895 | |||
Total | 40,617 | |||
Accumulated Depreciation | (14,870) | |||
Net | $ 25,747 | |||
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 Wells Branch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,612 | |||
Wholly Owned Properties - Residential | MAA 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 | 50,860 | |||
Total | 55,481 | |||
Accumulated Depreciation | (20,218) | |||
Net | $ 35,263 | |||
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 Quarry Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 16,399 | |||
Wholly Owned Properties - Residential | MAA 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 | 18,472 | |||
Total | 21,622 | |||
Accumulated Depreciation | (10,495) | |||
Net | $ 11,127 | |||
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 Sunset Valley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,079 | |||
Wholly Owned Properties - Residential | MAA 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 | 55,400 | |||
Total | 64,500 | |||
Accumulated Depreciation | (22,242) | |||
Net | $ 42,258 | |||
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 | MAA Western Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,061 | |||
Wholly Owned Properties - Residential | MAA 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 | 26,784 | |||
Total | 35,467 | |||
Accumulated Depreciation | (7,795) | |||
Net | $ 27,672 | |||
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 Barton Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,287 | |||
Wholly Owned Properties - Residential | MAA 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 | 22,684 | |||
Total | 27,337 | |||
Accumulated Depreciation | (6,262) | |||
Net | $ 21,075 | |||
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 | MAA Park Mesa | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 2,856 | |||
Wholly Owned Properties - Residential | MAA 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 | 104,175 | |||
Total | 124,717 | |||
Accumulated Depreciation | (26,455) | |||
Net | $ 98,262 | |||
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 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 | MAA 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 | MAA South Lamar | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 30,082 | |||
Wholly Owned Properties - Residential | MAA 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 | 54,177 | |||
Total | 61,982 | |||
Accumulated Depreciation | (17,723) | |||
Net | $ 44,259 | |||
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 West Austin | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,334 | |||
Wholly Owned Properties - Residential | MAA 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 | 31,290 | |||
Total | 34,190 | |||
Accumulated Depreciation | (18,127) | |||
Net | $ 16,063 | |||
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 | MAA Brushy Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 7,281 | |||
Wholly Owned Properties - Residential | MAA East Austin | ||||
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 | 22,744 | |||
Total | 25,025 | |||
Accumulated Depreciation | (11,718) | |||
Net | $ 13,307 | |||
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 | MAA East Austin | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 16,575 | |||
Wholly Owned Properties - Residential | MAA 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 | 26,993 | |||
Total | 28,398 | |||
Accumulated Depreciation | (15,959) | |||
Net | $ 12,439 | |||
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 | MAA Barton Skyway | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 14,224 | |||
Wholly Owned Properties - Residential | MAA Windmill Hill | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 5,006 | |||
Initial Cost Buildings and Fixtures | 0 | |||
Gross Amount, Land | 5,006 | |||
Gross Amount, Buildings and Fixtures | 54,847 | |||
Total | 59,853 | |||
Accumulated Depreciation | (4,498) | |||
Net | $ 55,355 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2022 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2020 | |||
Wholly Owned Properties - Residential | MAA Windmill Hill | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 54,847 | |||
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 | 35,653 | |||
Total | 40,635 | |||
Accumulated Depreciation | (15,206) | |||
Net | $ 25,429 | |||
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 Buildings and Fixtures | $ 8,276 | |||
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 | 46,219 | |||
Total | 49,328 | |||
Accumulated Depreciation | (20,120) | |||
Net | $ 29,208 | |||
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 Buildings and Fixtures | $ 12,731 | |||
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 | 45,634 | |||
Total | 49,865 | |||
Accumulated Depreciation | (17,920) | |||
Net | $ 31,945 | |||
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 Buildings and Fixtures | $ 3,397 | |||
Wholly Owned Properties - Residential | MAA Cedar park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cedar Park, TX | |||
Initial Cost Land | $ 7,232 | |||
Initial Cost Buildings and Fixtures | 56,640 | |||
Gross Amount, Land | 7,232 | |||
Gross Amount, Buildings and Fixtures | 65,269 | |||
Total | 72,501 | |||
Accumulated Depreciation | (26,726) | |||
Net | $ 45,775 | |||
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 Cedar park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 8,629 | |||
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 | 29,637 | |||
Total | 33,518 | |||
Accumulated Depreciation | (9,612) | |||
Net | $ 23,906 | |||
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 Buildings and Fixtures | $ 5,370 | |||
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 | 39,362 | |||
Total | 43,412 | |||
Accumulated Depreciation | (14,562) | |||
Net | $ 28,850 | |||
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 Buildings and Fixtures | $ 5,583 | |||
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 | 14,849 | |||
Total | 15,837 | |||
Accumulated Depreciation | (10,657) | |||
Net | $ 5,180 | |||
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 Buildings and Fixtures | $ 5,956 | |||
Wholly Owned Properties - Residential | MAA 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 | 8,091 | |||
Total | 8,573 | |||
Accumulated Depreciation | (5,946) | |||
Net | $ 2,627 | |||
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 | MAA Highland Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 3,754 | |||
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 | 30,567 | |||
Total | 33,297 | |||
Accumulated Depreciation | (16,799) | |||
Net | $ 16,498 | |||
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 Buildings and Fixtures | $ 8,327 | |||
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 | 46,370 | |||
Total | 51,386 | |||
Accumulated Depreciation | (19,418) | |||
Net | $ 31,968 | |||
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 Buildings and Fixtures | $ 5,279 | |||
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 | 133,381 | |||
Total | 148,226 | |||
Accumulated Depreciation | (37,021) | |||
Net | $ 111,205 | |||
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 Buildings and Fixtures | $ 66,810 | |||
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 | 53,859 | |||
Total | 88,624 | |||
Accumulated Depreciation | (16,057) | |||
Net | $ 72,567 | |||
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 Buildings and Fixtures | $ 13,732 | |||
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 | 55,273 | |||
Total | 68,986 | |||
Accumulated Depreciation | (14,685) | |||
Net | $ 54,301 | |||
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 Buildings and Fixtures | $ 12,005 | |||
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 | 5,595 | |||
Total | 8,306 | |||
Accumulated Depreciation | (1,560) | |||
Net | $ 6,746 | |||
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 Buildings and Fixtures | $ 1,226 | |||
Wholly Owned Properties - Residential | MAA Addison Circle | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 12,308 | |||
Initial Cost Buildings and Fixtures | 189,419 | |||
Gross Amount, Land | 12,308 | |||
Gross Amount, Buildings and Fixtures | 221,712 | |||
Total | 234,020 | |||
Accumulated Depreciation | (62,482) | |||
Net | $ 171,538 | |||
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 Buildings and Fixtures | $ 32,293 | |||
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 | 19,557 | |||
Total | 32,587 | |||
Accumulated Depreciation | (6,375) | |||
Net | $ 26,212 | |||
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 Buildings and Fixtures | $ 5,174 | |||
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 | 64,291 | |||
Total | 71,425 | |||
Accumulated Depreciation | (19,193) | |||
Net | $ 52,232 | |||
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 Buildings and Fixtures | $ 6,196 | |||
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 | 11,211 | |||
Total | 15,602 | |||
Accumulated Depreciation | (3,366) | |||
Net | $ 12,236 | |||
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 Buildings and Fixtures | $ 3,301 | |||
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 | 45,923 | |||
Total | 72,168 | |||
Accumulated Depreciation | (12,894) | |||
Net | $ 59,274 | |||
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 Buildings and Fixtures | $ 8,001 | |||
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 | 35,676 | |||
Total | 46,009 | |||
Accumulated Depreciation | (9,323) | |||
Net | $ 36,686 | |||
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 Buildings and Fixtures | $ 3,220 | |||
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 | 66,489 | |||
Total | 73,064 | |||
Accumulated Depreciation | (17,727) | |||
Net | $ 55,337 | |||
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 Buildings and Fixtures | $ 11,212 | |||
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 | 15,627 | |||
Total | 24,407 | |||
Accumulated Depreciation | (4,626) | |||
Net | $ 19,781 | |||
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 Buildings and Fixtures | $ 1,973 | |||
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 | 44,939 | |||
Total | 79,913 | |||
Accumulated Depreciation | (13,865) | |||
Net | $ 66,048 | |||
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 Buildings and Fixtures | $ 11,726 | |||
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 | 19,395 | |||
Total | 20,355 | |||
Accumulated Depreciation | (11,830) | |||
Net | $ 8,525 | |||
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 Buildings and Fixtures | $ 4,957 | |||
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 | 38,843 | |||
Total | 45,296 | |||
Accumulated Depreciation | (16,687) | |||
Net | $ 28,609 | |||
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 Buildings and Fixtures | $ 8,795 | |||
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 | 38,301 | |||
Total | 40,472 | |||
Accumulated Depreciation | (14,601) | |||
Net | $ 25,871 | |||
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 Buildings and Fixtures | $ 3,224 | |||
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 | 29,950 | |||
Total | 33,190 | |||
Accumulated Depreciation | (13,543) | |||
Net | $ 19,647 | |||
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 Buildings and Fixtures | $ 3,881 | |||
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 | 40,796 | |||
Total | 43,147 | |||
Accumulated Depreciation | (16,685) | |||
Net | $ 26,462 | |||
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 Buildings and Fixtures | $ 11,039 | |||
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 | 27,599 | |||
Total | 31,064 | |||
Accumulated Depreciation | (10,039) | |||
Net | $ 21,025 | |||
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 Buildings and Fixtures | $ 4,117 | |||
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 | 25,316 | |||
Total | 27,458 | |||
Accumulated Depreciation | (16,293) | |||
Net | $ 11,165 | |||
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 Buildings and Fixtures | $ 6,250 | |||
Wholly Owned Properties - Residential | MAA Energy Park | ||||
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 | 21,424 | |||
Total | 23,485 | |||
Accumulated Depreciation | (11,544) | |||
Net | $ 11,941 | |||
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 | MAA Energy Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,594 | |||
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 | 36,426 | |||
Total | 43,652 | |||
Accumulated Depreciation | (10,659) | |||
Net | $ 32,993 | |||
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 Buildings and Fixtures | $ 3,060 | |||
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 | 70,849 | |||
Total | 82,352 | |||
Accumulated Depreciation | (22,518) | |||
Net | $ 59,834 | |||
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 Buildings and Fixtures | $ 5,380 | |||
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 | 100,889 | |||
Total | 119,927 | |||
Accumulated Depreciation | (29,230) | |||
Net | $ 90,697 | |||
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 Buildings and Fixtures | $ 11,319 | |||
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 | 20,099 | |||
Total | 21,579 | |||
Accumulated Depreciation | (10,809) | |||
Net | $ 10,770 | |||
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 Buildings and Fixtures | $ 5,292 | |||
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 | 27,077 | |||
Total | 29,045 | |||
Accumulated Depreciation | (15,134) | |||
Net | $ 13,911 | |||
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 Buildings and Fixtures | $ 7,149 | |||
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 | 44,631 | |||
Total | 52,842 | |||
Accumulated Depreciation | (10,760) | |||
Net | $ 42,082 | |||
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 Buildings and Fixtures | $ 4,279 | |||
Wholly Owned Properties - Residential | MAA Greater Heights | ||||
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 | 67,421 | |||
Total | 80,528 | |||
Accumulated Depreciation | (14,225) | |||
Net | $ 66,303 | |||
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 | MAA Greater Heights | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 4,657 | |||
Wholly Owned Properties - Residential | MAA Park Point | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 9,031 | |||
Initial Cost Buildings and Fixtures | 0 | |||
Gross Amount, Land | 9,031 | |||
Gross Amount, Buildings and Fixtures | 46,024 | |||
Total | 55,055 | |||
Accumulated Depreciation | (5,533) | |||
Net | $ 49,522 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Wholly Owned Properties - Residential | MAA Park Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 46,024 | |||
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 | 47,194 | |||
Total | 53,179 | |||
Accumulated Depreciation | (24,462) | |||
Net | $ 28,717 | |||
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 Buildings and Fixtures | $ 7,183 | |||
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 | 32,922 | |||
Total | 35,443 | |||
Accumulated Depreciation | (14,091) | |||
Net | $ 21,352 | |||
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 Buildings and Fixtures | $ 6,490 | |||
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 | 55,322 | |||
Total | 60,394 | |||
Accumulated Depreciation | (25,238) | |||
Net | $ 35,156 | |||
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 Buildings and Fixtures | $ 17,925 | |||
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 | 46,054 | |||
Total | 49,956 | |||
Accumulated Depreciation | (17,049) | |||
Net | $ 32,907 | |||
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 Buildings and Fixtures | $ 5,363 | |||
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 | 40,329 | |||
Total | 44,719 | |||
Accumulated Depreciation | (16,237) | |||
Net | $ 28,482 | |||
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 Buildings and Fixtures | $ 18,507 | |||
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 | 35,731 | |||
Total | 36,861 | |||
Accumulated Depreciation | (16,342) | |||
Net | $ 20,519 | |||
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 Buildings and Fixtures | $ 7,673 | |||
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 | 25,301 | |||
Total | 29,335 | |||
Accumulated Depreciation | (8,528) | |||
Net | $ 20,807 | |||
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 Buildings and Fixtures | $ 5,773 | |||
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 | 119,292 | |||
Total | 136,186 | |||
Accumulated Depreciation | (28,139) | |||
Net | $ 108,047 | |||
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 Buildings and Fixtures | $ 8,587 | |||
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 | 12,490 | |||
Total | 13,354 | |||
Accumulated Depreciation | (9,237) | |||
Net | $ 4,117 | |||
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 Buildings and Fixtures | $ 4,707 | |||
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 | 39,036 | |||
Total | 42,309 | |||
Accumulated Depreciation | (24,904) | |||
Net | $ 17,405 | |||
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 Buildings and Fixtures | $ 10,213 | |||
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 | 37,602 | |||
Total | 40,984 | |||
Accumulated Depreciation | (21,698) | |||
Net | $ 19,286 | |||
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 Buildings and Fixtures | $ 10,672 | |||
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 | 0 | |||
Gross Amount, Land | 4,166 | |||
Gross Amount, Buildings and Fixtures | 49,433 | |||
Total | 53,599 | |||
Accumulated Depreciation | (14,469) | |||
Net | $ 39,130 | |||
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 Buildings and Fixtures | $ 49,433 | |||
Wholly Owned Properties - Residential | MAA 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 | 41,292 | |||
Total | 46,803 | |||
Accumulated Depreciation | (17,151) | |||
Net | $ 29,652 | |||
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 Ashton Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,051 | |||
Wholly Owned Properties - Residential | MAA 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 | 50,748 | |||
Total | 55,439 | |||
Accumulated Depreciation | (20,685) | |||
Net | $ 34,754 | |||
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, 2013 | |||
Wholly Owned Properties - Residential | MAA Round Rock | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 5,369 | |||
Wholly Owned Properties - Residential | MAA 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 | 23,214 | |||
Total | 25,775 | |||
Accumulated Depreciation | (10,319) | |||
Net | $ 15,456 | |||
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 Sierra Vista | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 6,726 | |||
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 | 32,266 | |||
Total | 34,646 | |||
Accumulated Depreciation | (14,316) | |||
Net | $ 20,330 | |||
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 Buildings and Fixtures | $ 5,284 | |||
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 | 40,491 | |||
Total | 44,748 | |||
Accumulated Depreciation | (10,164) | |||
Net | $ 34,584 | |||
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 Buildings and Fixtures | $ 3,732 | |||
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 | 52,326 | |||
Total | 57,737 | |||
Accumulated Depreciation | (20,734) | |||
Net | $ 37,003 | |||
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 Buildings and Fixtures | $ 6,368 | |||
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 | 30,226 | |||
Total | 34,226 | |||
Accumulated Depreciation | (14,503) | |||
Net | $ 19,723 | |||
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 Buildings and Fixtures | $ 5,234 | |||
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 | 12,021 | |||
Total | 12,597 | |||
Accumulated Depreciation | (7,635) | |||
Net | $ 4,962 | |||
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 Buildings and Fixtures | $ 6,831 | |||
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 | 21,876 | |||
Total | 23,794 | |||
Accumulated Depreciation | (12,877) | |||
Net | $ 10,917 | |||
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 Buildings and Fixtures | $ 6,030 | |||
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 | 10,901 | |||
Total | 11,440 | |||
Accumulated Depreciation | (7,545) | |||
Net | $ 3,895 | |||
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 Buildings and Fixtures | $ 6,051 | |||
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 | 39,393 | |||
Total | 50,437 | |||
Accumulated Depreciation | (10,220) | |||
Net | $ 40,217 | |||
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 Buildings and Fixtures | $ 2,704 | |||
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 | 36,457 | |||
Total | 41,737 | |||
Accumulated Depreciation | (15,394) | |||
Net | $ 26,343 | |||
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 Buildings and Fixtures | $ 5,116 | |||
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 | 53,808 | |||
Total | 64,798 | |||
Accumulated Depreciation | (15,688) | |||
Net | $ 49,110 | |||
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 Buildings and Fixtures | $ 5,112 | |||
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 | 27,831 | |||
Total | 32,673 | |||
Accumulated Depreciation | (10,386) | |||
Net | $ 22,287 | |||
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 Buildings and Fixtures | $ 6,154 | |||
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 | 76,005 | |||
Total | 90,495 | |||
Accumulated Depreciation | (25,117) | |||
Net | $ 65,378 | |||
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 Buildings and Fixtures | $ 43,922 | |||
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 | 55,311 | |||
Total | 68,136 | |||
Accumulated Depreciation | (14,259) | |||
Net | $ 53,877 | |||
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 Buildings and Fixtures | $ 4,233 | |||
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 | 26,976 | |||
Total | 31,827 | |||
Accumulated Depreciation | (11,420) | |||
Net | $ 20,407 | |||
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 Buildings and Fixtures | $ 5,298 | |||
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 | 23,170 | |||
Total | 27,831 | |||
Accumulated Depreciation | (9,723) | |||
Net | $ 18,108 | |||
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 Buildings and Fixtures | $ 4,262 | |||
Wholly Owned Properties - Residential | Township in Hampton Woods | ||||
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 | 19,710 | |||
Total | 21,219 | |||
Accumulated Depreciation | (13,560) | |||
Net | $ 7,659 | |||
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 in Hampton Woods | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 11,521 | |||
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 | 36,777 | |||
Total | 43,510 | |||
Accumulated Depreciation | (15,891) | |||
Net | $ 27,619 | |||
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 Buildings and Fixtures | $ 7,556 | |||
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 | 44,637 | |||
Total | 49,677 | |||
Accumulated Depreciation | (11,015) | |||
Net | $ 38,662 | |||
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 Buildings and Fixtures | $ 8,156 | |||
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 | 17,955 | |||
Total | 22,716 | |||
Accumulated Depreciation | (8,328) | |||
Net | $ 14,388 | |||
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 Buildings and Fixtures | $ 4,590 | |||
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 | 36,407 | |||
Total | 42,428 | |||
Accumulated Depreciation | (15,129) | |||
Net | $ 27,299 | |||
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 Buildings and Fixtures | $ 7,403 | |||
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 | 43,596 | |||
Total | 48,526 | |||
Accumulated Depreciation | (18,611) | |||
Net | $ 29,915 | |||
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 Buildings and Fixtures | $ 7,998 | |||
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 | 52,494 | |||
Total | 62,606 | |||
Accumulated Depreciation | (11,795) | |||
Net | $ 50,811 | |||
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 Buildings and Fixtures | $ 16,358 | |||
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 | 161,009 | |||
Total | 190,737 | |||
Accumulated Depreciation | (43,358) | |||
Net | $ 147,379 | |||
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 Buildings and Fixtures | $ 6,700 | |||
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 | 76,019 | |||
Total | 83,683 | |||
Accumulated Depreciation | (20,197) | |||
Net | $ 63,486 | |||
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 Buildings and Fixtures | $ 6,007 | |||
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 | 66,130 | |||
Total | 83,654 | |||
Accumulated Depreciation | (18,422) | |||
Net | $ 65,232 | |||
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 Buildings and Fixtures | $ 7,234 | |||
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 | 143,764 | |||
Total | 174,216 | |||
Accumulated Depreciation | (40,178) | |||
Net | $ 134,038 | |||
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 Buildings and Fixtures | $ 18,673 | |||
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 | 95,165 | |||
Total | 125,941 | |||
Accumulated Depreciation | (25,326) | |||
Net | $ 100,615 | |||
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 Buildings and Fixtures | $ 13,144 | |||
Wholly Owned Properties - Residential | Novel West Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 7,000 | |||
Gross Amount, Land | 7,000 | |||
Gross Amount, Buildings and Fixtures | 83,646 | |||
Total | 90,646 | |||
Accumulated Depreciation | (2,383) | |||
Net | $ 88,263 | |||
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, 2023 | |||
Wholly Owned Properties - Residential | Novel West Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 83,646 | |||
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 | 3,962 | |||
Total | 4,081 | |||
Accumulated Depreciation | (612) | |||
Net | $ 3,469 | |||
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 Buildings and Fixtures | $ 1,060 | |||
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 | 13,488 | |||
Total | 14,230 | |||
Accumulated Depreciation | (3,670) | |||
Net | $ 10,560 | |||
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 Buildings and Fixtures | $ 1,564 | |||
Retail Properties | MAA Harbour Island 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 | 4,718 | |||
Total | 5,104 | |||
Accumulated Depreciation | (1,226) | |||
Net | $ 3,878 | |||
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 Harbour Island Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 403 | |||
Retail Properties | Post Rocky Point Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA 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 | 474 | |||
Total | 508 | |||
Accumulated Depreciation | (305) | |||
Net | $ 203 | |||
Retail Properties | MAA 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 | MAA 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 | MAA Rocky Point Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 423 | |||
Retail Properties | MAA 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 | 4,084 | |||
Total | 4,352 | |||
Accumulated Depreciation | (1,550) | |||
Net | $ 2,802 | |||
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 | MAA SoHo Square Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 51 | |||
Retail Properties | MAA 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 | 4,473 | |||
Total | 5,340 | |||
Accumulated Depreciation | (1,592) | |||
Net | $ 3,748 | |||
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 | MAA Buckhead Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 1,008 | |||
Retail Properties | MAA 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 | 1,122 | |||
Total | 1,548 | |||
Accumulated Depreciation | (310) | |||
Net | $ 1,238 | |||
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 Piedmont Park Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 33 | |||
Retail Properties | MAA 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 | 36,287 | |||
Total | 45,967 | |||
Accumulated Depreciation | (10,872) | |||
Net | $ 35,095 | |||
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 | MAA Riverside Office | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 14,179 | |||
Retail Properties | MAA 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 | 5,038 | |||
Total | 5,927 | |||
Accumulated Depreciation | (1,362) | |||
Net | $ 4,565 | |||
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 | MAA Riverside Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 2,698 | |||
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 | (565) | |||
Net | $ 1,528 | |||
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 Buildings and Fixtures | $ 33 | |||
Retail Properties | MAA 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 | 10,447 | |||
Total | 13,855 | |||
Accumulated Depreciation | (3,255) | |||
Net | $ 10,600 | |||
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 | MAA West Village Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 2,001 | |||
Retail Properties | The Denton 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 | 5,816 | |||
Total | 6,516 | |||
Accumulated Depreciation | (1,443) | |||
Net | $ 5,073 | |||
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 Denton Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 1,377 | |||
Retail Properties | MAA 1225 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 | (209) | |||
Net | $ 291 | |||
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 | MAA 1225 Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 249 | |||
Retail Properties | MAA 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 | 1,521 | |||
Total | 1,839 | |||
Accumulated Depreciation | (423) | |||
Net | $ 1,416 | |||
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 Gateway Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 91 | |||
Retail Properties | MAA 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 | 1,580 | |||
Total | 2,050 | |||
Accumulated Depreciation | (430) | |||
Net | $ 1,620 | |||
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 | MAA South Line Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 291 | |||
Retail Properties | MAA 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 | (317) | |||
Net | $ 1,171 | |||
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 Uptown Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 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 | 1,681 | |||
Total | 2,971 | |||
Accumulated Depreciation | (472) | |||
Net | $ 2,499 | |||
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 Buildings and Fixtures | $ 193 | |||
Retail Properties | MAA Hue Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Buildings and Fixtures | $ 2,129 | |||
Gross Amount, Buildings and Fixtures | 2,229 | |||
Total | 2,229 | |||
Accumulated Depreciation | (412) | |||
Net | $ 1,817 | |||
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 | MAA Hue Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 100 | |||
Retail Properties | MAA Wade Park 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 | 4,718 | |||
Total | 5,035 | |||
Accumulated Depreciation | (1,665) | |||
Net | $ 3,370 | |||
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 | MAA Wade Park Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 166 | |||
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 | MAA 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 | 3,761 | |||
Total | 4,182 | |||
Accumulated Depreciation | (971) | |||
Net | $ 3,211 | |||
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 | MAA South Lamar Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 689 | |||
Retail Properties | MAA 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 | 7,348 | |||
Total | 8,127 | |||
Accumulated Depreciation | (2,219) | |||
Net | $ 5,908 | |||
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 | MAA Frisco Bridges Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 755 | |||
Retail Properties | MAA 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 | 6,457 | |||
Total | 8,038 | |||
Accumulated Depreciation | (1,697) | |||
Net | $ 6,341 | |||
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 | MAA Mc Kinney Avenue Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 475 | |||
Retail Properties | MAA 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 | (259) | |||
Net | $ 766 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | MAA 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 | MAA 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 | MAA Worthington Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 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 | 6,542 | |||
Total | 7,937 | |||
Accumulated Depreciation | (1,985) | |||
Net | $ 5,952 | |||
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 Buildings and Fixtures | $ 2,262 | |||
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 | 24,688 | |||
Total | 25,136 | |||
Accumulated Depreciation | (7,100) | |||
Net | $ 18,036 | |||
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 Buildings and Fixtures | $ 3,302 | |||
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 | 857 | |||
Total | 1,204 | |||
Accumulated Depreciation | (270) | |||
Net | $ 934 | |||
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 Buildings and Fixtures | $ 141 | |||
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 | 11,419 | |||
Total | 12,101 | |||
Accumulated Depreciation | (3,083) | |||
Net | $ 9,018 | |||
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 Buildings and Fixtures | $ 774 | |||
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 | 4,238 | |||
Total | 5,303 | |||
Accumulated Depreciation | (1,087) | |||
Net | $ 4,216 | |||
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, 2016 | |||
Retail Properties | MAA Heights Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 924 | |||
Retail Properties | MAA Katy 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 | 4,984 | |||
Total | 5,449 | |||
Accumulated Depreciation | (1,284) | |||
Net | $ 4,165 | |||
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 Katy Trail Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 101 | |||
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 | 3,783 | |||
Total | 3,933 | |||
Accumulated Depreciation | (992) | |||
Net | $ 2,941 | |||
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 Buildings and Fixtures | $ 449 | |||
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 | 16,607 | |||
Total | 17,929 | |||
Accumulated Depreciation | (4,480) | |||
Net | $ 13,449 | |||
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 Buildings and Fixtures | $ 602 | |||
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 | 2,348 | |||
Total | 2,348 | |||
Accumulated Depreciation | (639) | |||
Net | $ 1,709 | |||
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 Buildings and Fixtures | $ 68 | |||
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 | 407 | |||
Total | 453 | |||
Accumulated Depreciation | (169) | |||
Net | $ 284 | |||
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 Buildings and Fixtures | $ 221 | |||
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 | 7,306 | |||
Total | 7,559 | |||
Accumulated Depreciation | (1,764) | |||
Net | $ 5,795 | |||
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 Buildings and Fixtures | $ 5,996 | |||
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 | 8,213 | |||
Total | 9,261 | |||
Accumulated Depreciation | (2,186) | |||
Net | $ 7,075 | |||
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 Buildings and Fixtures | $ 283 | |||
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 | 811 | |||
Total | 811 | |||
Accumulated Depreciation | (48) | |||
Net | $ 763 | |||
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 | MAA Robinson Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 248 | |||
Retail Properties | Total Retail Commercial Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 31,487 | |||
Initial Cost Buildings and Fixtures | 171,285 | |||
Gross Amount, Land | 31,487 | |||
Gross Amount, Buildings and Fixtures | 214,942 | |||
Total | 246,429 | |||
Accumulated Depreciation | (60,923) | |||
Net | 185,506 | |||
Retail Properties | Total Retail Commercial Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 43,657 | |||
Development Properties [Member] | Novel Val Vista | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 7,285 | |||
Gross Amount, Land | 7,285 | |||
Gross Amount, Buildings and Fixtures | 63,944 | |||
Total | 71,229 | |||
Net | $ 71,229 | |||
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 Buildings and Fixtures | $ 63,944 | |||
Development Properties [Member] | Novel Daybreak | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Salt Lake City, UT | |||
Initial Cost Land | $ 7,025 | |||
Gross Amount, Land | 7,025 | |||
Gross Amount, Buildings and Fixtures | 84,602 | |||
Total | 91,627 | |||
Accumulated Depreciation | (1,457) | |||
Net | $ 90,170 | |||
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 Buildings and Fixtures | $ 84,602 | |||
Development Properties [Member] | MAA Milepost 35 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Denver, CO | |||
Initial Cost Land | $ 12,572 | |||
Gross Amount, Land | 12,572 | |||
Gross Amount, Buildings and Fixtures | 83,058 | |||
Total | 95,630 | |||
Net | $ 95,630 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2022 | |||
Development Properties [Member] | MAA Milepost 35 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 83,058 | |||
Development Properties [Member] | MAA Nixie | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 9,880 | |||
Gross Amount, Land | 9,880 | |||
Gross Amount, Buildings and Fixtures | 41,206 | |||
Total | 51,086 | |||
Net | $ 51,086 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2022 | |||
Development Properties [Member] | MAA Nixie | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 41,206 | |||
Development Properties [Member] | MAA Breakwater | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 23,514 | |||
Gross Amount, Land | 23,514 | |||
Gross Amount, Buildings and Fixtures | 72,435 | |||
Total | 95,949 | |||
Net | $ 95,949 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2022 | |||
Development Properties [Member] | MAA Breakwater | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 72,435 | |||
Development Properties [Member] | Total Active Development Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 60,276 | |||
Gross Amount, Land | 60,276 | |||
Gross Amount, Buildings and Fixtures | 345,245 | |||
Total | 405,521 | |||
Accumulated Depreciation | (1,457) | |||
Net | 404,064 | |||
Development Properties [Member] | Total Active Development Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | 345,245 | |||
Real Estate [Member] | Total Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 1,995,179 | |||
Initial Cost Buildings and Fixtures | 10,264,340 | |||
Gross Amount, Land | 1,995,179 | |||
Gross Amount, Buildings and Fixtures | 13,842,784 | |||
Total | 15,837,963 | |||
Accumulated Depreciation | (4,835,633) | |||
Net | 11,002,330 | |||
Real Estate [Member] | Total Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | 3,578,444 | |||
Land Improvements | Total Land Held For Future Developments | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 73,861 | |||
Gross Amount, Land | 73,861 | |||
Total | 73,861 | |||
Net | 73,861 | |||
Corporate Real Estate Owned | Corporate Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Buildings and Fixtures | 41,351 | |||
Gross Amount, Buildings and Fixtures | 41,351 | |||
Total | 41,351 | |||
Accumulated Depreciation | (29,057) | |||
Net | (12,294) | |||
Other Real Estate Owned | Total Other | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 110,085 | |||
Initial Cost Buildings and Fixtures | 41,351 | |||
Gross Amount, Land | 110,085 | |||
Gross Amount, Buildings and Fixtures | 58,570 | |||
Total | 168,655 | |||
Accumulated Depreciation | (29,057) | |||
Net | 139,598 | |||
Other Real Estate Owned | Total Other | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures | $ 17,219 |
Schedule III Real Estate and _3
Schedule III Real Estate and Accumulated Depreciation (Parenthetical) (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2023 USD ($) | |
Real Estate And Accumulated Depreciation [Line Items] | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis | $ 12,700 |
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, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Real estate investments: | ||||
Balance at beginning of year | $ 15,246,658 | $ 14,704,237 | $ 14,338,895 | |
Acquisitions | [1] | 223,735 | 272,342 | 44,086 |
Less: FMV of leases included in acquisitions | (2,050) | (1,505) | ||
Improvement and development | 546,237 | 469,661 | 506,775 | |
Disposition of real estate assets | [2] | (7,962) | (198,077) | (185,519) |
Balance at end of year | 16,006,618 | 15,246,658 | 14,704,237 | |
Accumulated depreciation: | ||||
Balance at beginning of year | 4,302,747 | 3,848,161 | 3,415,105 | |
Depreciation | 562,760 | 540,708 | 531,848 | |
Disposition of real estate assets | [2] | (817) | (86,122) | (98,792) |
Balance at end of year | $ 4,864,690 | $ 4,302,747 | $ 3,848,161 | |
[1] Includes non-cash activity related to acquisitions. Includes assets sold, casualty losses and removal of certain fully depreciated assets. |