UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
June 9, 1998
Date of Report (Date of earliest event reported)
MID-AMERICA APARTMENT COMMUNITIES, INC.
(Exact Name of Registrant as Specified in Charter)
TENNESSEE 1-12762 62-1543819
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)
6584 POPLAR AVENUE, SUITE 340
MEMPHIS, TENNESSEE 38138
(Address of principal executive offices)
(901) 682-6600
Registrant's telephone number, including area code
(Former name or address, if changed since last report)
Item 5. Other events
Following notification of the New York Stock Exchange, the
following press release was announced on June 23, 1998.
Memphis, TN: June 23, 1998. Mid-America Apartment Communities,
Inc. (NYSE:MAA) announced the sale of the 212-unit Redford Park
Apartment Community in Conroe, Texas for a total price of $5.8
million.
Eric Bolton, President, said "As part of our on-going review of
our portfolio, Redford Park was identified as a disposition
candidate; we do not believe it has the growth potential we
demand from our properties. We have one additional small property
that is also under consideration for immediate sale, neither of
which will have any material impact on FFO".
After transaction costs, including mortgage prepayment penalties,
the Company does not expect any significant gain or loss on the
sale.
MAA is a self-advised, self-managed apartment only REIT which
owns 34,587 apartment units (including 2,998 units under
development) and manages 5,387 apartment units throughout the
southern crescent of the U.S.
For further information, contact Simon R. C. Wadsworth at
(901)682 6668, ext 104, 6584 Poplar Ave., Suite 340, Memphis, TN
38138, (901)682-6600 FAX: (901)682-6667
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
MID-AMERICA APARTMENT COMMUNITIES, INC.
Date: June 12, 1998 /s/ Simon R.C. Wadsworth
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Simon R.C. Wadsworth
Executive Vice President
(Principal Financial and Accounting Officer)