MID AMERICA APARTMENT COMMUNITIES INC., 10-K filed on 2/7/2025
Annual Report
v3.25.0.1
Document and Entity Information - USD ($)
$ in Billions
 12 Months Ended
Dec. 31, 2024
Feb. 04, 2025
Jun. 28, 2024
Document Information [Line Items]      
Document Type 10-K    
Amendment Flag false    
Document Period End Date Dec. 31, 2024    
Document Fiscal Year Focus 2024    
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   116,901,778  
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     $ 11.0
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 20, 2025 are incorporated by reference into Part III of this report. We expect to file our proxy statement within 120 days after December 31, 2024 		   
Auditor Name Ernst & Young LLP    
Auditor Location Memphis, Tennessee    
Auditor Firm ID 42    
Auditor Opinion [Text Block]

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheets of Mid-America Apartments, L.P. (the Operating Partnership) as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income, changes in capital, and cash flows for each of the three years in the period ended December 31, 2024, and the related notes and financial statement schedule listed in the Index at Item 15(a)(2) (collectively referred to as the “consolidated financial statements”). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Operating Partnership at December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with U.S. generally accepted accounting principles.

    
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, $.01 par value per share    
Limited Partner [Member]      
Document Information [Line Items]      
Entity Registrant Name MID-AMERICA APARTMENTS, L.P.    
Entity Central Index Key 0001581776    
Entity Filer Category Non-accelerated Filer    
Entity Shell Company false    
Entity Current Reporting Status Yes    
Entity Voluntary Filers No    
Entity Interactive Data Current Yes    
Entity Well-known Seasoned Issuer No    
Entity Emerging Growth Company false    
Entity Small Business false    
Entity File Number 333-190028-01    
Entity Incorporation, State or Country Code TN    
Entity Tax Identification Number 62-1543816    
Entity Address, Address Line One 6815 Poplar Avenue    
Entity Address, Address Line Two Suite 500    
Entity Address, City or Town Germantown    
Entity Address, State or Province TN    
Entity Address, Postal Zip Code 38138    
City Area Code 901    
Local Phone Number 682-6600    
ICFR Auditor Attestation Flag false    
Document Financial Statement Error Correction [Flag] false    
v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Land $ 2,096,912 $ 2,031,403
Buildings and improvements and other 14,160,799 13,515,949
Development and capital improvements in progress 470,282 385,405
Real Estate Investment Property, at Cost 16,727,993 15,932,757
Less: Accumulated depreciation (5,327,584) (4,864,690)
Real Estate Investment Property, Net 11,400,409 11,068,067
Undeveloped land 73,359 73,861
Investment in real estate joint venture 41,650 41,977
Real estate assets, net 11,515,418 11,183,905
Cash and cash equivalents 43,018 41,314
Restricted cash 13,743 13,777
Other assets 232,426 245,507
Assets held for sale 7,764 0
Total assets 11,812,369 11,484,503
Liabilities:    
Unsecured notes payable 4,620,690 4,180,084
Secured notes payable 360,267 360,141
Accrued expenses and other liabilities 683,748 645,156
Total liabilities 5,664,705 5,185,381
Redeemable common stock 22,230 19,167
Shareholders’ equity:    
Preferred stock, value, outstanding 9 9
Common stock, value, outstanding [1] 1,166 1,168
Additional paid-in capital 7,417,453 7,399,921
Accumulated distributions in excess of net income (1,469,557) (1,298,263)
Accumulated other comprehensive loss (6,940) (8,764)
Total MAA shareholders’ equity 5,942,131 6,094,071
Noncontrolling interests - Operating Partnership units 155,409 163,128
Total Company’s shareholders’ equity 6,097,540 6,257,199
Noncontrolling interests - consolidated real estate entities 27,894 22,756
Operating Partnership capital:    
Accumulated other comprehensive loss (6,940) (8,764)
Noncontrolling interests - consolidated real estate entities 27,894 22,756
Total equity 6,125,434 6,279,955
Total liabilities and equity 11,812,369 11,484,503
Limited Partnership [Member]    
Assets    
Land 2,096,912 2,031,403
Buildings and improvements and other 14,160,799 13,515,949
Development and capital improvements in progress 470,282 385,405
Real Estate Investment Property, at Cost 16,727,993 15,932,757
Less: Accumulated depreciation (5,327,584) (4,864,690)
Real Estate Investment Property, Net 11,400,409 11,068,067
Undeveloped land 73,359 73,861
Investment in real estate joint venture 41,650 41,977
Real estate assets, net 11,515,418 11,183,905
Cash and cash equivalents 43,018 41,314
Restricted cash 13,743 13,777
Other assets 232,426 245,507
Assets held for sale 7,764 0
Total assets 11,812,369 11,484,503
Liabilities:    
Unsecured notes payable 4,620,690 4,180,084
Secured notes payable 360,267 360,141
Accrued expenses and other liabilities 683,748 645,156
Total liabilities 5,664,724 5,185,400
Redeemable common stock 22,230 19,167
Shareholders’ equity:    
Accumulated other comprehensive loss (7,064) (8,942)
Total Company’s shareholders’ equity 6,097,521 6,257,180
Noncontrolling interests - consolidated real estate entities 27,894 22,756
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 5,882,336 6,036,154
Limited Partners' Capital Account [2] 155,409 163,128
Accumulated other comprehensive loss (7,064) (8,942)
Noncontrolling interests - consolidated real estate entities 27,894 22,756
Total equity 6,125,415 6,279,936
Total liabilities and equity 11,812,369 11,484,503
Limited Partnership [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, 2024 and December 31, 2023 are 143,822 and 142,546, respectively.
[2] Number of units outstanding represents total OP Units regardless of classification on the Consolidated Balance Sheets. The number of units classified as redeemable common units on the Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023 are 143,822 and 142,546, respectively.
v3.25.0.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Common stock, par value per share $ 0.01 $ 0.01
Common stock, shares authorized 145,000,000 145,000,000
Common stock, shares issued 116,883,421 116,694,124
Common stock, shares outstanding 116,883,421 116,694,124
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 143,822 142,546
General Partners' Capital Account, Units Outstanding 116,883,421 116,694,124
Limited Partners' Capital Account, Units Outstanding 3,075,552 3,143,972
Limited Partnership [Member]    
Redeemable stock, shares issued and outstanding 143,822 142,546
General Partners' Capital Account, Units Outstanding 116,883,421 116,694,124
Limited Partners' Capital Account, Units Outstanding 3,075,552 3,143,972
Preferred Units, Outstanding 867,846 867,846
[1] The total liquidation preference for the outstanding preferred stock is $43.4 million.
v3.25.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental and other property revenues $ 2,191,015 $ 2,148,468 $ 2,019,866
Expenses:      
Operating expenses, excluding real estate taxes and insurance 502,735 461,540 435,108
Real estate taxes and insurance 317,357 306,601 288,586
Depreciation and amortization 585,616 565,063 542,998
Total property operating expenses 1,405,708 1,333,204 1,266,692
Property management expenses 72,040 67,784 65,463
General and administrative expenses 56,516 58,578 58,833
Interest expense 168,544 149,234 154,747
(Gain) loss on sale of depreciable real estate assets (55,003) 62 (214,762)
Gain on sale of non-depreciable real estate assets 0 (54) (809)
Other non-operating (income) expense (1,655) (31,185) 42,713
Income before income tax (expense) benefit 544,865 570,845 646,989
Income tax (expense) benefit (5,240) (4,744) 6,208
Income from continuing operations before real estate joint venture activity 539,625 566,101 653,197
Income from real estate joint venture 1,951 1,730 1,579
Net income 541,576 567,831 654,776
Net income (loss) attributable to noncontrolling interests 14,033 15,025 17,340
Net income 527,543 552,806 637,436
Dividends to MAA Series I preferred shareholders 3,688 3,688 3,688
Net income available for MAA common shareholders $ 523,855 $ 549,118 $ 633,748
Earnings per common share - basic:      
Net income available for MAA common shareholders $ 4.49 $ 4.71 $ 5.49
Earnings per common share - diluted:      
Net income available for MAA common shareholders $ 4.49 $ 4.71 $ 5.48
Limited Partnership [Member]      
Revenues:      
Rental and other property revenues $ 2,191,015 $ 2,148,468 $ 2,019,866
Expenses:      
Operating expenses, excluding real estate taxes and insurance 502,735 461,540 435,108
Real estate taxes and insurance 317,357 306,601 288,586
Depreciation and amortization 585,616 565,063 542,998
Total property operating expenses 1,405,708 1,333,204 1,266,692
Property management expenses 72,040 67,784 65,463
General and administrative expenses 56,516 58,578 58,833
Interest expense 168,544 149,234 154,747
(Gain) loss on sale of depreciable real estate assets (55,003) 62 (214,762)
Gain on sale of non-depreciable real estate assets 0 (54) (809)
Other non-operating (income) expense (1,655) (31,185) 42,713
Income before income tax (expense) benefit 544,865 570,845 646,989
Income tax (expense) benefit (5,240) (4,744) 6,208
Income from continuing operations before real estate joint venture activity 539,625 566,101 653,197
Income from real estate joint venture 1,951 1,730 1,579
Net income 541,576 567,831 654,776
Net income (loss) attributable to noncontrolling interests 0 62 (293)
Net income 541,576 567,769 655,069
Dividends to MAA Series I preferred shareholders 3,688 3,688 3,688
Net income available for MAA common shareholders $ 537,888 $ 564,081 $ 651,381
Earnings per common share - basic:      
Net income available for MAALP common unitholders $ 4.49 $ 4.71 $ 5.48
Earnings per common share - diluted:      
Net income available for MAALP common unitholders $ 4.49 $ 4.71 $ 5.49
v3.25.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net income $ 541,576 $ 567,831 $ 654,776
Other comprehensive income:      
Adjustment for net losses reclassified to net income from derivative instruments 1,878 1,326 1,114
Total comprehensive income 543,454 569,157 655,890
Comprehensive (income) loss attributable to noncontrolling interests (14,087) (15,063) (17,374)
Comprehensive income attributable to MAA 529,367 554,094 638,516
Limited Partnership [Member]      
Net income 541,576 567,831 654,776
Other comprehensive income:      
Adjustment for net losses reclassified to net income from derivative instruments 1,878 1,326 1,114
Total comprehensive income 543,454 569,157 655,890
Comprehensive (income) loss attributable to noncontrolling interests 0 (62) 293
Comprehensive income attributable to MAA $ 543,454 $ 569,095 $ 656,183
v3.25.0.1
Consolidated Statements of Equity - USD ($)
shares in Thousands, $ in Thousands
Total
Redeemable Common Stock [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, 2021 $ 6,153,907 $ 30,185     $ 9 $ 1,151 $ 7,230,956 $ (1,255,807) $ (11,132)   $ 165,116 $ 23,614  
Beginning Balance, Shares at Dec. 31, 2021         868 115,205              
Net income (loss) 654,776             637,436     17,633 (293)  
Other comprehensive income - 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)                      
Units issued in exchange for redeemable units 9,053 (9,053)   9,053                  
Redeemable units 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     $ 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                        
Issuance of units (123) 1,687   (123)                  
Units repurchased and retired (14,043)     (14,043)                  
Dividends, Preferred Stock, Cash 3,688             3,688          
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                  
Partners' Capital at Dec. 31, 2021 6,153,888 30,185 165,116 5,909,700       66,840   (11,382)     23,614
Amortization of unearned compensation 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 (loss) 567,831             552,806     14,963 62  
Other comprehensive income - 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            
Units issued in exchange for redeemable units 581 (581)   581                  
Redeemable units 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     $ 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       62  
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  
Net income (loss) 541,576             527,543     14,033 0  
Other comprehensive income - derivative instruments 1,878               1,824 1,878 54    
Issuance and registration of common shares (723) 2,420       $ 2 (725)            
Issuance and registration of common shares, Shares           158              
Shares repurchased and retired (4,974)         $ (1) (4,973)            
Shares repurchased and retired, Shares           (38)              
Shares issued in exchange for common units           $ 1 3,528       (3,529)    
Shares issued in exchange for common units, Shares           68              
Shares issued in exchange for redeemable stock 2,069 (2,069)       $ (4) 2,073            
Units issued in exchange for redeemable units 2,069 (2,069)   2,069                  
Redeemable units fair market value adjustment (2,712) 2,712   (2,712)       (2,712)          
Adjustment for noncontrolling interests in Operating Partnership 5,138           (21)       21 5,138  
Amortization of unearned compensation 17,650           17,650            
Dividends on preferred stock (3,688)             (3,688)          
Dividends on common stock (692,437)             (692,437)          
Distributions on noncontrolling interests units (18,298)                   (18,298)    
Contributions from noncontrolling interest 5,138                     5,138  
Ending Balance at Dec. 31, 2024 6,125,434 22,230     $ 9 $ 1,166 $ 7,417,453 (1,469,557) $ (6,940)   $ 155,409 27,894  
Ending Balance, Shares at Dec. 31, 2024         868 116,740              
Net Income (Loss) Allocated to Limited Partners     14,033         3,688          
Net Income (Loss) Allocated to General Partners       523,855                  
Net Income Available for Common Unitholders 541,576                        
Units repurchased and retired (4,974)     (4,974)                  
Dividends, Preferred Stock, Cash 3,688             3,688          
Issuance of units (723) 2,420   (723)                  
General partner units issued in exchange for limited partner units     (3,529) 3,529                  
Adjustment for limited partners’ capital at redemption value     75 (75)                  
Amortization of unearned compensation 17,650     17,650                  
Dividends, Preferred Stock, Cash (3,688)             (3,688)          
Distributions to common unitholders (710,735)   (18,298) (692,437)                  
Partners' Capital at Dec. 31, 2024 $ 6,125,415 $ 22,230 $ 155,409 $ 5,882,336       $ 66,840   $ (7,064)   $ 27,894  
v3.25.0.1
Consolidated Statements of Equity (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dividends Declared Per Share of Common Stock $ 5.925 $ 5.67 $ 4.9875
Dividends Declared Per Share of Non Controlling Interests (in dollars per share) 5.925 5.67 4.9875
Limited Partner [Member]      
Distribution Made to Limited Partner, Distributions Declared, Per Unit $ 5.925 $ 5.67 $ 4.9875
v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 541,576 $ 567,831 $ 654,776
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 586,402 565,857 544,004
(Gain) loss on sale of depreciable real estate assets (55,003) 62 (214,762)
Gain on sale of non-depreciable real estate assets 0 (54) (809)
Gain on consolidation of third-party development (11,239) 0 0
Loss (gain) on embedded derivative in preferred shares 18,751 (18,528) 21,107
Stock compensation expense 15,789 15,699 18,798
Amortization of debt issuance costs, discounts and premiums 6,036 5,909 6,064
(Gain) loss on investments (7,809) (4,449) 45,357
Net change in operating accounts and other operating activities 3,789 4,860 (16,056)
Net cash provided by operating activities 1,098,292 1,137,187 1,058,479
Cash flows from investing activities:      
Purchases of real estate and other assets (301,071) (223,453) (271,428)
Capital improvements and other (322,372) (341,224) (296,176)
Development costs (313,888) (198,152) (172,124)
Distributions from real estate joint venture 327 312 538
Contributions to affiliates (2,874) (16,636) (13,849)
Proceeds from real estate asset dispositions 84,209 2,946 320,491
Proceeds from sale of markable equity securities 9,975 0 0
Net proceeds from insurance recoveries 20,195 945 27,312
Net cash used in investing activities (825,499) (775,262) (405,236)
Cash flows from financing activities:      
Net (payments of) proceeds from commercial paper (245,000) 475,000 20,000
Proceeds from notes payable 1,091,646 0 0
Principal payments on notes payable (400,000) (353,861) (126,401)
Payment of deferred financing costs (10,317) (2) (5,516)
Distributions to noncontrolling interests (18,260) (17,671) (14,927)
Distributions paid on common units (686,900) (651,717) (539,605)
Distributions paid on preferred units (3,688) (3,688) (3,688)
Proceeds from issuances of common shares 1,230 205,070 1,083
Acquisition of noncontrolling interests 0 (15,757) (43,070)
Net change in other financing activities 166 (5,279) (10,646)
Net cash used in financing activities (271,123) (367,905) (722,770)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,670 (5,980) (69,527)
Cash, cash equivalents and restricted cash, beginning of period 55,091 61,071 130,598
Cash, cash equivalents and restricted cash, end of period 56,761 55,091 61,071
Reconciliation of cash, cash equivalents and restricted cash at period end:      
Cash and cash equivalents 43,018 41,314 38,659
Restricted cash 13,743 13,777 22,412
Total cash, cash equivalents and restricted cash 56,761 55,091 61,071
Supplemental information:      
Interest paid 164,883 157,566 157,497
Income taxes paid 3,343 4,002 3,490
Non-cash transactions:      
Distributions on common shares/ units declared and accrued 181,738 176,162 166,103
Accrued construction in progress 32,903 23,345 16,484
Interest capitalized 17,435 12,376 8,728
Conversion of OP Units to shares of common stock 3,529 1,092 2,118
Limited Partner [Member]      
Cash flows from operating activities:      
Net income 541,576 567,831 654,776
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 586,402 565,857 544,004
(Gain) loss on sale of depreciable real estate assets (55,003) 62 (214,762)
Gain on sale of non-depreciable real estate assets 0 (54) (809)
Gain on consolidation of third-party development (11,239) 0 0
Loss (gain) on embedded derivative in preferred shares 18,751 (18,528) 21,107
Stock compensation expense 15,789 15,699 18,798
Amortization of debt issuance costs, discounts and premiums 6,036 5,909 6,064
(Gain) loss on investments (7,809) (4,449) 45,357
Net change in operating accounts and other operating activities 3,789 4,860 (16,056)
Net cash provided by operating activities 1,098,292 1,137,187 1,058,479
Cash flows from investing activities:      
Purchases of real estate and other assets (301,071) (223,453) (271,428)
Capital improvements and other (322,372) (341,224) (296,176)
Development costs (313,888) (198,152) (172,124)
Distributions from real estate joint venture 327 312 538
Contributions to affiliates (2,874) (16,636) (13,849)
Proceeds from real estate asset dispositions 84,209 2,946 320,491
Proceeds from sale of markable equity securities 9,975 0 0
Net proceeds from insurance recoveries 20,195 945 27,312
Net cash used in investing activities (825,499) (775,262) (405,236)
Cash flows from financing activities:      
Net (payments of) proceeds from commercial paper (245,000) 475,000 20,000
Proceeds from notes payable 1,091,646 0 0
Principal payments on notes payable (400,000) (353,861) (126,401)
Payment of deferred financing costs (10,317) (2) (5,516)
Distributions paid on common units (705,160) (669,388) (554,532)
Distributions paid on preferred units (3,688) (3,688) (3,688)
Proceeds from issuances of common shares 1,230 205,070 1,083
Acquisition of noncontrolling interests 0 (15,757) (43,070)
Net change in other financing activities 166 (5,279) (10,646)
Net cash used in financing activities (271,123) (367,905) (722,770)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,670 (5,980) (69,527)
Cash, cash equivalents and restricted cash, beginning of period 55,091 61,071 130,598
Cash, cash equivalents and restricted cash, end of period 56,761 55,091 61,071
Reconciliation of cash, cash equivalents and restricted cash at period end:      
Cash and cash equivalents 43,018 41,314 38,659
Restricted cash 13,743 13,777 22,412
Total cash, cash equivalents and restricted cash 56,761 55,091 61,071
Supplemental information:      
Interest paid 164,883 157,566 157,497
Income taxes paid 3,343 4,002 3,490
Non-cash transactions:      
Distributions on common shares/ units declared and accrued 181,738 176,162 166,103
Accrued construction in progress 32,903 23,345 16,484
Interest capitalized $ 17,435 $ 12,376 $ 8,728
v3.25.0.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Net Income (Loss) $ 527,543 $ 552,806 $ 637,436
v3.25.0.1
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2024
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
v3.25.0.1
Cybersecurity Risk Management, Strategy and Governance
 12 Months Ended
Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

Item 1C. Cybersecurity.

Cybersecurity Risk Management Program

We recognize the importance of maintaining the integrity of our information systems and safeguarding the confidential business and personal information we receive and store about our residents, prospective residents, employees and suppliers. As such, we have implemented a cybersecurity risk management program designed to assess, identify and manage material risks from cybersecurity threats. Our cybersecurity risk management program is designed to employ what we believe are industry best practices, including monitoring and analysis of the threat environment, vulnerability assessments and third-party cybersecurity risks; detecting and responding to cyber attacks, cybersecurity incidents and data breaches; cybersecurity crisis preparedness, incident response plans, and business continuity and disaster recovery capabilities; and investments in cybersecurity infrastructure and program needs. Key processes in our program include:

•
regular cybersecurity training and testing for employees with company email and access to connected devices;
•
continuous security event monitoring, management and incident response;
•
regular testing of incident response procedures;
•
regular internal reporting;
•
regular consulting with external advisors and specialists regarding opportunities and enhancements to strengthen our cyber practices and policies and enhance our cybersecurity maturity;
•
independent third-party testing of our information technology controls and defenses, including penetration tests;
•
independent third-party audits of our cybersecurity controls; and
•
annual independent third-party reviews of program maturity based on the National Institute of Standards and Technology (NIST) cybersecurity framework.

In addition, as part of our cybersecurity risk management program, we have processes designed to oversee and identify material risks from cybersecurity threats associated with our use of third-party service providers, and our cybersecurity risk management program takes into account third-party systems through which we could be impacted by the compromise of the security of a third-party service provider. In this regard, we conduct due diligence on third-party service providers with respect to cybersecurity risks prior to entering into relationships with them, and we regularly assess security risks associated with our use of third-party service providers, including onboarding contract employees through the same process we onboard our own employees. In addition, we contractually require third-party service providers to promptly notify us of any actual or suspected breach impacting our data or operations, and we continuously track mission critical vendors using a third-party monitoring service.

We maintain a cyber insurance policy, we periodically meet with our insurance broker and insurer to discuss emerging trends in cybersecurity and we utilize self-assessment tools and other services provided by our insurance broker and insurer, including annual tabletop exercises conducted by cybersecurity experts.

Our cybersecurity risk management program is integrated into our overall risk management system. To help identify, assess and manage material risks from cybersecurity threats, we include cyber risk in our enterprise risk management, or ERM, evaluation and strategy process. Our ERM process takes a top-down, enterprise view of risks; it is an ongoing process consisting of risk identification, risk rating, analysis and action plans, and reporting and monitoring. Our Vice President Cyber Security has a dotted line reporting relationship to our Chief Administrative Officer and General Counsel to help ensure that risks from cybersecurity threats are considered as part of the broader ERM process. At a management level, our Chief Administrative Officer and General Counsel leads our ERM process.

We do not believe that any risks from cybersecurity threats of which we are aware, including as a result of any previous cybersecurity incidents, have materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. For information regarding the risks we face associated with cybersecurity incidents, see “Risk Factors – We rely on information technology systems in our operations, and any breach or security failure of those systems could materially adversely affect our business, financial condition, results of operations and reputation” included in this Annual Report on Form 10-K.

Governance

The Audit Committee of our Board of Directors is responsible for oversight of risks from cybersecurity threats. At a management level, our cybersecurity risk management program is led by our Chief Technology and Innovation Officer who has over 20 years of experience providing business and information technology, or IT, process consulting and regulatory compliance services, including founding a cyber-security consulting and regulatory compliance firm and serving as Sarbanes-Oxley subject matter specialist for an international public accounting firm, and whose certifications include Certified Public Accountant and Certified Information Systems Auditor. Partnering with our Chief Technology and Innovation Officer is our Vice President Cyber Security, who has over 30 years of IT technical and IT business process experience and has been an IT and cyber security leader for multiple financial services companies. Collectively, our cybersecurity team consists of 5 professionals with an average cybersecurity tenure of 15 years and various relevant certifications. Members of our cybersecurity team deliver regular updates to our Chief Technology and Innovation Officer and Chief Administrative Officer and General Counsel.

The Audit Committee of our Board of Directors receives regular reports, including an annual cybersecurity maturity assessment and quarterly scorecards, from our Chief Technology and Innovation Officer. Those reports cover topics related to information security, privacy, and cyber risks and our risk management processes, including the status of any recent cybersecurity events, the emerging threat landscape, and the status of capital investments in our information security infrastructure. The Audit Committee provides regular reports to the full Board of Directors. In addition, the Audit Committee and the full Board of Directors have authority to engage external consultants, including legal, accounting or other advisors, such as cybersecurity firms, in carrying out its oversight of our cybersecurity risk management program. Likewise, the Audit Committee or the Board of Directors may request members of management or others to attend meetings at which cybersecurity risk management is addressed.

As part of our cybersecurity risk management program, we have adopted an incident response plan which provides for controls and procedures upon the occurrence of a cybersecurity event. In connection with that plan, we have established a cross-functional critical response team, comprised of members of management under the direction of our Chief Technology and Innovation Officer and Chief Administrative Officer and General Counsel, which is responsible for monitoring our cybersecurity incident response. In addition, this critical response team performs an impact assessment in the event of the occurrence of a cybersecurity event meeting certain criteria, which is elevated for the team’s review and, if any such cybersecurity event is determined by the critical response team to have the potential to have a material impact on the Company, the cybersecurity event is elevated for further review and assessment by a senior management team, which includes all of the members of our standing crises control committee, and, under certain circumstances, the Audit Committee and/or the full Board of Directors.

Cybersecurity risks are part of the broader ERM process overseen by our Board of Directors. ERM risk assessment results are presented annually to the Board of Directors, and status updates are delivered quarterly to the Audit Committee.

Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block]

Our cybersecurity risk management program is integrated into our overall risk management system. To help identify, assess and manage material risks from cybersecurity threats, we include cyber risk in our enterprise risk management, or ERM, evaluation and strategy process. Our ERM process takes a top-down, enterprise view of risks; it is an ongoing process consisting of risk identification, risk rating, analysis and action plans, and reporting and monitoring. Our Vice President Cyber Security has a dotted line reporting relationship to our Chief Administrative Officer and General Counsel to help ensure that risks from cybersecurity threats are considered as part of the broader ERM process. At a management level, our Chief Administrative Officer and General Counsel leads our ERM process.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]

The Audit Committee of our Board of Directors is responsible for oversight of risks from cybersecurity threats. At a management level, our cybersecurity risk management program is led by our Chief Technology and Innovation Officer who has over 20 years of experience providing business and information technology, or IT, process consulting and regulatory compliance services, including founding a cyber-security consulting and regulatory compliance firm and serving as Sarbanes-Oxley subject matter specialist for an international public accounting firm, and whose certifications include Certified Public Accountant and Certified Information Systems Auditor. Partnering with our Chief Technology and Innovation Officer is our Vice President Cyber Security, who has over 30 years of IT technical and IT business process experience and has been an IT and cyber security leader for multiple financial services companies. Collectively, our cybersecurity team consists of 5 professionals with an average cybersecurity tenure of 15 years and various relevant certifications. Members of our cybersecurity team deliver regular updates to our Chief Technology and Innovation Officer and Chief Administrative Officer and General Counsel.

The Audit Committee of our Board of Directors receives regular reports, including an annual cybersecurity maturity assessment and quarterly scorecards, from our Chief Technology and Innovation Officer. Those reports cover topics related to information security, privacy, and cyber risks and our risk management processes, including the status of any recent cybersecurity events, the emerging threat landscape, and the status of capital investments in our information security infrastructure. The Audit Committee provides regular reports to the full Board of Directors. In addition, the Audit Committee and the full Board of Directors have authority to engage external consultants, including legal, accounting or other advisors, such as cybersecurity firms, in carrying out its oversight of our cybersecurity risk management program. Likewise, the Audit Committee or the Board of Directors may request members of management or others to attend meetings at which cybersecurity risk management is addressed.

As part of our cybersecurity risk management program, we have adopted an incident response plan which provides for controls and procedures upon the occurrence of a cybersecurity event. In connection with that plan, we have established a cross-functional critical response team, comprised of members of management under the direction of our Chief Technology and Innovation Officer and Chief Administrative Officer and General Counsel, which is responsible for monitoring our cybersecurity incident response. In addition, this critical response team performs an impact assessment in the event of the occurrence of a cybersecurity event meeting certain criteria, which is elevated for the team’s review and, if any such cybersecurity event is determined by the critical response team to have the potential to have a material impact on the Company, the cybersecurity event is elevated for further review and assessment by a senior management team, which includes all of the members of our standing crises control committee, and, under certain circumstances, the Audit Committee and/or the full Board of Directors.

Cybersecurity risks are part of the broader ERM process overseen by our Board of Directors. ERM risk assessment results are presented annually to the Board of Directors, and status updates are delivered quarterly to the Audit Committee.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee of our Board of Directors is responsible for oversight of risks from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] As part of our cybersecurity risk management program, we have adopted an incident response plan which provides for controls and procedures upon the occurrence of a cybersecurity event. In connection with that plan, we have established a cross-functional critical response team, comprised of members of management under the direction of our Chief Technology and Innovation Officer and Chief Administrative Officer and General Counsel, which is responsible for monitoring our cybersecurity incident response. In addition, this critical response team performs an impact assessment in the event of the occurrence of a cybersecurity event meeting certain criteria, which is elevated for the team’s review and, if any such cybersecurity event is determined by the critical response team to have the potential to have a material impact on the Company, the cybersecurity event is elevated for further review and assessment by a senior management team, which includes all of the members of our standing crises control committee, and, under certain circumstances, the Audit Committee and/or the full Board of Directors.
Cybersecurity Risk Role of Management [Text Block]

The Audit Committee of our Board of Directors is responsible for oversight of risks from cybersecurity threats. At a management level, our cybersecurity risk management program is led by our Chief Technology and Innovation Officer who has over 20 years of experience providing business and information technology, or IT, process consulting and regulatory compliance services, including founding a cyber-security consulting and regulatory compliance firm and serving as Sarbanes-Oxley subject matter specialist for an international public accounting firm, and whose certifications include Certified Public Accountant and Certified Information Systems Auditor. Partnering with our Chief Technology and Innovation Officer is our Vice President Cyber Security, who has over 30 years of IT technical and IT business process experience and has been an IT and cyber security leader for multiple financial services companies. Collectively, our cybersecurity team consists of 5 professionals with an average cybersecurity tenure of 15 years and various relevant certifications. Members of our cybersecurity team deliver regular updates to our Chief Technology and Innovation Officer and Chief Administrative Officer and General Counsel.

The Audit Committee of our Board of Directors receives regular reports, including an annual cybersecurity maturity assessment and quarterly scorecards, from our Chief Technology and Innovation Officer. Those reports cover topics related to information security, privacy, and cyber risks and our risk management processes, including the status of any recent cybersecurity events, the emerging threat landscape, and the status of capital investments in our information security infrastructure. The Audit Committee provides regular reports to the full Board of Directors. In addition, the Audit Committee and the full Board of Directors have authority to engage external consultants, including legal, accounting or other advisors, such as cybersecurity firms, in carrying out its oversight of our cybersecurity risk management program. Likewise, the Audit Committee or the Board of Directors may request members of management or others to attend meetings at which cybersecurity risk management is addressed.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] At a management level, our cybersecurity risk management program is led by our Chief Technology and Innovation Officer who has over 20 years of experience providing business and information technology, or IT, process consulting and regulatory compliance services, including founding a cyber-security consulting and regulatory compliance firm and serving as Sarbanes-Oxley subject matter specialist for an international public accounting firm, and whose certifications include Certified Public Accountant and Certified Information Systems Auditor.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] At a management level, our cybersecurity risk management program is led by our Chief Technology and Innovation Officer who has over 20 years of experience providing business and information technology, or IT, process consulting and regulatory compliance services, including founding a cyber-security consulting and regulatory compliance firm and serving as Sarbanes-Oxley subject matter specialist for an international public accounting firm, and whose certifications include Certified Public Accountant and Certified Information Systems Auditor. Partnering with our Chief Technology and Innovation Officer is our Vice President Cyber Security, who has over 30 years of IT technical and IT business process experience and has been an IT and cyber security leader for multiple financial services companies. Collectively, our cybersecurity team consists of 5 professionals with an average cybersecurity tenure of 15 years and various relevant certifications.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] The Audit Committee of our Board of Directors receives regular reports, including an annual cybersecurity maturity assessment and quarterly scorecards, from our Chief Technology and Innovation Officer. Those reports cover topics related to information security, privacy, and cyber risks and our risk management processes, including the status of any recent cybersecurity events, the emerging threat landscape, and the status of capital investments in our information security infrastructure. The Audit Committee provides regular reports to the full Board of Directors.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.25.0.1
Organization and Summary of Significant Accounting Policies
 12 Months Ended
Dec. 31, 2024
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, 2024, MAA owned 116,883,421 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, 2024, the Company owned and operated 293 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, 2024, the Company also had seven development communities under construction, totaling 2,312 apartment units once complete, and development costs of $477.2 million had been incurred through December 31, 2024 with respect to those development communities. The Company expects to complete two of these developments in 2025, four in 2026 and one in 2027. As of December 31, 2024, 35 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, 2024.

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. 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. MAALP is classified as a VIE because the limited partners lack substantive kick-out rights and substantive participating rights, and the Company has concluded it is the primary beneficiary of MAALP. 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, 2024, 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, 2024, the consolidated assets of the Company’s consolidated real estate entities with a noncontrolling interest were $432.2 million, and consolidated liabilities were $27.1 million after intercompany eliminations. 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 after intercompany eliminations. During the year ended December 31, 2023, the Company paid $15.8 million to acquire the noncontrolling interest of a consolidated real estate entity.

In July 2024, the Company agreed to finance substantially all of a third-party’s development of a 239-unit multifamily apartment community currently under construction located in Charlotte, North Carolina. The development was determined to be a VIE with the Company designated as the primary beneficiary, resulting in the consolidation of the development by the Company and the recognition of $11.2 million of gain on the consolidation of a third-party development included within “Other non-operating (income) expense” in the Consolidated Statements of Operations. The Company initially funded $70.5 million upon entering into the financing agreement. The initial and ongoing funding are included within “Development costs” in the Consolidated Statements of Cash Flows. This development is expected to deliver its first units in the third quarter of 2025, to be completed in the first quarter of 2026 and to reach stabilization in the fourth quarter of 2026 at a total cost of approximately $112 million. The Company has the option to purchase the development once it is stabilized.

 

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, 2024, 2023 and 2022 were $26.0 million, $20.6 million and $14.4 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 $1.0 million and $1.6 million as of December 31, 2024 and 2023, 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 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. Cash held for Section 1031(b) exchanges is 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, as well as 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 $41.7 million and $42.0 million as of December 31, 2024 and 2023, respectively, and is included in “Investment in real estate joint venture” in the accompanying Consolidated Balance Sheets.

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, 2024 and 2023, the Company’s investments in the limited partnerships were $62.2 million and $46.5 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, 2024, 2023 and 2022, the Company recognized $13.1 million of income, $1.6 million of income and $35.4 million of expense, respectively, from its investments in the limited partnerships. As of December 31, 2024, the Company was committed to make additional capital contributions totaling $30.6 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 have distributed publicly traded marketable equity securities to the Company and the other limited partners. During the year ended December 31, 2024, the Company did not receive any marketable equity securities. 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 realized and unrealized gains and losses, recognized in “Other non-operating (income) expense” in the accompanying Consolidated Statements of Operations. As of December 31, 2024 and 2023, the Company’s investment in the marketable equity securities was $3.3 million and $18.6 million, respectively. During the year ended December 31, 2024, the Company sold a portion of the marketable securities for net proceeds of $10.0 million and recognized a net realized gain on sale of $8.3 million. During the years ended December 31, 2024, 2023 and 2022, the Company recognized $5.3 million of unrealized losses, $2.9 million of unrealized gains and $10.0 million of unrealized losses, 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, 2024 and 2023 (dollars in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

Accrued dividends payable

 

$

181,738

 

 

$

176,162

 

Accrued real estate taxes

 

 

139,970

 

 

 

159,041

 

Unearned income

 

 

64,626

 

 

 

65,180

 

Accrued interest payable

 

 

35,125

 

 

 

21,941

 

Accrued capital improvements in progress

 

 

32,903

 

 

 

23,345

 

Security deposits

 

 

27,565

 

 

 

27,138

 

Accrued payroll

 

 

27,564

 

 

 

26,145

 

Right-of-use lease liabilities

 

 

26,091

 

 

 

27,344

 

General liability and workers compensation insurance

 

 

23,353

 

 

 

24,399

 

Accounts payable, accrued expenses and other

 

 

124,813

 

 

 

94,461

 

Total

 

$

683,748

 

 

$

645,156

 

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 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 $31.7 million, $26.6 million and $24.4 million for the years ended December 31, 2024, 2023 and 2022, 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 12 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, 2024 and 2023, right-of-use assets recorded within “Other assets” totaled $40.5 million and $42.5 million, respectively, and related lease liabilities recorded within “Accrued expenses and other liabilities” totaled $26.1 million and $27.3 million, respectively, in the Consolidated Balance Sheets. Lease expense recognized for the years ended December 31, 2024, 2023 and 2022 was immaterial to the Company. Cash paid for amounts included in the measurement of operating lease liabilities during the years ended December 31, 2024 and 2023 was also immaterial. See Note 11 for additional disclosures regarding leases.

Income Taxes

MAA has elected to be taxed as a REIT under the Code and intends to continue to operate in such a manner. The current and continuing qualification as a REIT depends on MAA’s ability to meet the various requirements imposed by the Code, which are related to organizational structure, distribution levels, diversity of stock ownership and certain requirements with respect to the nature and diversity of MAA’s assets and sources of MAA’s gross income. As long as MAA qualifies for taxation as a REIT, it will generally not be subject to 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

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 for the Company’s financial instruments 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.

 

Certain long-lived assets are recorded at fair value when they are acquired or initially consolidated. The inputs associated with the valuation of long-lived assets are generally included in Level 2 of the fair value hierarchy.

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 Pronouncement

In 2023, the Financial Accounting Standards Board issued Accounting Standard Update, or 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.

v3.25.0.1
Earnings Per Common Share of MAA
 12 Months Ended
Dec. 31, 2024
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 year ended December 31, 2024, MAA’s diluted earnings per share was computed using the two-class method, and for the years ended December 31, 2023 and 2022, 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

 

2024

 

 

2023

 

 

2022

 

 

Net income

 

$

541,576

 

 

$

567,831

 

 

$

654,776

 

 

Net income attributable to noncontrolling interests

 

 

(14,033

)

 

 

(15,025

)

 

 

(17,340

)

 

Unvested restricted shares (allocation of earnings)

 

 

(75

)

 

 

(224

)

 

 

(438

)

 

Dividends to MAA Series I preferred shareholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

 

Net income available for MAA common shareholders, adjusted

 

$

523,780

 

 

$

548,894

 

 

$

633,310

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares - basic

 

 

116,776

 

 

 

116,521

 

 

 

115,344

 

 

Earnings per common share - basic

 

$

4.49

 

 

$

4.71

 

 

$

5.49

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of Earnings per common share - diluted

 

 

 

 

 

 

 

 

 

 

Net income

 

$

541,576

 

 

$

567,831

 

 

$

654,776

 

 

Net income attributable to noncontrolling interests (1)

 

 

(14,033

)

 

 

(15,025

)

 

 

(17,340

)

 

Unvested restricted shares (allocation of earnings)

 

 

(75

)

 

 

—

 

 

 

—

 

 

Dividends to MAA Series I preferred shareholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

 

Net income available for MAA common shareholders, adjusted

 

$

523,780

 

 

$

549,118

 

 

$

633,748

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares - basic

 

 

116,776

 

 

 

116,521

 

 

 

115,344

 

 

Effect of dilutive securities

 

 

—

 

 

 

124

 

 

 

239

 

 

Weighted average common shares - diluted

 

 

116,776

 

 

 

116,645

 

 

 

115,583

 

 

Earnings per common share - diluted

 

$

4.49

 

 

$

4.71

 

 

$

5.48

 

 
(1)
For the years ended December 31, 2024, 2023 and 2022, 3.1 million, 3.1 million and 3.2 million OP Units, respectively, and their related income are not included in the diluted earnings per share calculations as they are not dilutive.
v3.25.0.1
Earnings Per OP Unit of MAALP
 12 Months Ended
Dec. 31, 2024
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 year ended December 31, 2024, MAALP’s diluted earnings per common unit was computed using the two-class method, and for the years ended December 31, 2023 and 2022, 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

 

2024

 

 

2023

 

 

2022

 

Net income

 

$

541,576

 

 

$

567,831

 

 

$

654,776

 

Net (income) loss attributable to noncontrolling interests

 

 

—

 

 

 

(62

)

 

 

293

 

Unvested restricted units (allocation of earnings)

 

 

(75

)

 

 

(224

)

 

 

(438

)

Distributions to MAALP Series I preferred unitholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

Net income available for MAALP common unitholders, adjusted

 

$

537,813

 

 

$

563,857

 

 

$

650,943

 

 

 

 

 

 

 

 

 

 

 

Weighted average common units - basic

 

 

119,875

 

 

 

119,674

 

 

 

118,538

 

Earnings per common unit - basic

 

$

4.49

 

 

$

4.71

 

 

$

5.49

 

 

 

 

 

 

 

 

 

 

 

Calculation of Earnings per common unit - diluted

 

 

 

 

 

 

 

 

 

Net income

 

$

541,576

 

 

$

567,831

 

 

$

654,776

 

Net (income) loss attributable to noncontrolling interests

 

 

—

 

 

 

(62

)

 

 

293

 

Unvested restricted units (allocation of earnings)

 

 

(75

)

 

 

—

 

 

 

—

 

Distributions to MAALP Series I preferred unitholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

Net income available for MAALP common unitholders, adjusted

 

$

537,813

 

 

$

564,081

 

 

$

651,381

 

 

 

 

 

 

 

 

 

 

 

Weighted average common units - basic

 

 

119,875

 

 

 

119,674

 

 

 

118,538

 

Effect of dilutive securities

 

 

—

 

 

 

124

 

 

 

239

 

Weighted average common units - diluted

 

 

119,875

 

 

 

119,798

 

 

 

118,777

 

Earnings per common unit - diluted

 

$

4.49

 

 

$

4.71

 

 

$

5.48

 
v3.25.0.1
Stock-Based Compensation
 12 Months Ended
Dec. 31, 2024
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 $17.7 million, $18.3 million and $20.1 million for the years ended December 31, 2024, 2023 and 2022, respectively. Of these amounts, total compensation expense capitalized was $1.9 million, $2.5 million and $1.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024, the total unrecognized compensation expense was $13.7 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 $5.0 million, $7.9 million and $14.0 million for the years ended December 31, 2024, 2023 and 2022, 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 three 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, 2024, 2023 and 2022, was $85.94, $102.55 and $144.77, 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, 2024, 2023 and 2022:

 

 

2024

 

2023

 

2022

Risk free rate

 

4.158%

 

4.096%

 

1.010%

Dividend yield

 

4.449%

 

3.550%

 

2.024%

Volatility

 

22.87%

 

28.99%

 

25.84%

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, 2024, and the changes for the year ended December 31, 2024, is presented below:

Nonvested Shares

 

Shares

 

 

Weighted Average Grant-Date Fair Value

 

Nonvested as of January 1, 2024

 

 

96,430

 

 

$

172.18

 

Issued

 

 

137,412

 

 

 

112.03

 

Vested

 

 

(126,757

)

 

 

115.84

 

Forfeited

 

 

(82

)

 

 

164.24

 

Nonvested as of December 31, 2024

 

 

107,003

 

 

$

161.68

 

The total fair value of shares vested during the years ended December 31, 2024, 2023 and 2022 was $14.7 million, $17.3 million and $16.0 million, respectively.

Stock Options

Options to purchase 463 shares of MAA’s common stock were outstanding as of December 31, 2024. No stock options were granted or expired during the years ended December 31, 2024, 2023 and 2022. There were no options exercised during the years ended December 31, 2024 and 2023. There were 350 options exercised during the year ended 2022. These exercises resulted in net proceeds that were negligible during the year ended December 31, 2022.
v3.25.0.1
Borrowings
 12 Months Ended
Dec. 31, 2024
Notes To Financial Statements [Abstract]  
Borrowings
5.
Borrowings

The following table summarizes the Company’s outstanding debt as of December 31, 2024 and 2023 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2024

Unsecured debt

 

December 31, 2024

 

 

December 31, 2023

 

 

Weighted Average Effective Rate

 

 

Weighted Average Contract Maturity

Fixed rate senior notes

 

$

4,400,000

 

 

$

3,700,000

 

 

 

3.7

%

 

5/9/2031

Variable rate commercial paper program

 

 

250,000

 

 

 

495,000

 

 

 

4.7

%

 

1/6/2025

Debt issuance costs, discounts and premiums

 

 

(29,310

)

 

 

(14,916

)

 

 

 

 

 

Total unsecured debt

 

$

4,620,690

 

 

$

4,180,084

 

 

 

3.8

%

 

 

Secured debt

 

 

 

 

 

 

 

 

 

 

 

Fixed rate property mortgages

 

$

363,293

 

 

$

363,293

 

 

 

4.4

%

 

1/26/2049

Debt issuance costs

 

 

(3,026

)

 

 

(3,152

)

 

 

 

 

 

Total secured debt

 

$

360,267

 

 

$

360,141

 

 

 

4.4

%

 

 

Total outstanding debt

 

$

4,980,957

 

 

$

4,540,225

 

 

 

3.8

%

 

 

Unsecured Revolving Credit Facility

MAALP has entered into an unsecured revolving credit facility, with a borrowing capacity of $1.25 billion and 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, 2024, 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 varying maturities not to exceed 397 days up to a maximum aggregate principal amount outstanding of $625.0 million. As of December 31, 2024, MAALP had $250.0 million of borrowings outstanding under the commercial paper program. For the year ended December 31, 2024, the average daily borrowings outstanding under the commercial paper program were $336.3 million.

Unsecured Senior Notes

As of December 31, 2024, MAALP had $4.4 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 2031.

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%.

In May 2024, MAALP publicly issued $400.0 million in aggregate principal amount of unsecured senior notes due February 2032 with a coupon rate of 5.300% per annum and at an issue price of 99.496%. Interest is payable semi-annually in arrears on February 15 and August 15 of each year, commencing August 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 5.382%.

In June 2024, MAALP retired $400.0 million of publicly issued unsecured senior notes at maturity using available cash on hand and borrowings under the commercial paper program.

In December 2024, MAALP publicly issued $350.0 million in aggregate principal amount of unsecured senior notes due March 2035 with a coupon rate of 4.950% per annum and at an issue price of 99.170%. Interest is payable semi-annually in arrears on March 1 and September 1 of each year, commencing September 1, 2025. 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 5.053%.

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.

Secured Property Mortgages

As of December 31, 2024, 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, 2024, MAALP’s debt obligations over the next 12 months consist of approximately $650.0 million of principal obligations, including $250.0 million of commercial paper borrowings due January 2025 and $400.0 million of unsecured senior notes due November 2025.

Schedule of Maturities

The following table includes scheduled principal repayments of MAALP’s outstanding borrowings as of December 31, 2024, as well as the amortization of debt issuance costs, discounts and premiums (in thousands):

 

 

Maturities

 

 

Amortization

 

 

Total

 

2025

 

$

650,000

 

 

$

(660

)

 

$

649,340

 

2026

 

 

300,000

 

 

 

(1,256

)

 

 

298,744

 

2027

 

 

600,000

 

 

 

(1,879

)

 

 

598,121

 

2028

 

 

400,000

 

 

 

(2,089

)

 

 

397,911

 

2029

 

 

550,000

 

 

 

6,359

 

 

 

556,359

 

Thereafter

 

 

2,513,293

 

 

 

(32,811

)

 

 

2,480,482

 

Total

 

$

5,013,293

 

 

$

(32,336

)

 

$

4,980,957

 
v3.25.0.1
Financial Instruments and Derivatives
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 totaled $4.7 billion and $4.0 billion, respectively, and had estimated fair values of $4.4 billion and $3.7 billion (excluding prepayment penalties) as of December 31, 2024 and 2023, 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, 2024 and 2023 totaled $250.0 million and $495.0 million, respectively, and the variable rate debt had estimated fair values of $250.0 million and $495.0 million as of December 31, 2024 and 2023, 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, 2024, 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 may use various inputs in the analysis, including risk adjusted yields of relevant MAALP bond issuances and yields and spreads of relevant indices, estimated yields on preferred stock instruments from REITs with similar credit ratings as MAA, treasury rates and trading data available of prices of the preferred shares, to determine the fair value of the bifurcated call option.

The redemption feature embedded in the MAA Series I preferred stock is reported as a derivative asset in “Other assets” in the accompanying Consolidated Balance Sheets and is adjusted to its fair value at each reporting date, with a corresponding non-cash adjustment to “Other non-operating (income) expense” in the accompanying Consolidated Statements of Operations. As of December 31, 2024 and 2023, the fair value of the embedded derivative was $13.2 million and $31.9 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, 2024 and 2023 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 is classified as Level 1 in the fair value hierarchy.

Terminated Cash Flow Hedges of Interest

As of December 31, 2024, the Company had $6.9 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 $1.7 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, 2024, 2023 and 2022, 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

 

2024

 

 

2023

 

 

2022

 

Terminated interest rate swaps

 

Interest expense

 

$

(1,878

)

 

$

(1,326

)

 

$

(1,114

)

 

Derivatives Not Designated

 

Location of (Loss) Gain Recognized

 

(Loss) Gain Recognized in Earnings on Derivative

 

as Hedging Instruments

 

in Earnings on Derivative

 

2024

 

 

2023

 

 

2022

 

Preferred stock embedded derivative

 

Other non-operating (income) expense

 

$

(18,751

)

 

$

18,528

 

 

$

(21,107

)
v3.25.0.1
Income Taxes
 12 Months Ended
Dec. 31, 2024
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 $8.3 million for the year ended December 31, 2024, taxable income of $4.6 million for the year ended December 31, 2023 and taxable loss of $45.2 million for the year ended December 31, 2022. The Company’s TRS recognized income tax expense of $1.8 million for the year ended December 31, 2024, income tax expense of $1.0 million for the year ended December 31, 2023 and income tax benefit of $9.5 million for the year ended December 31, 2022. 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, 2024 was $5.2 million, income tax expense for the Company for the year ended December 31, 2023 was $4.7 million and income tax benefit for the Company for the year ended December 31, 2022 was $6.2 million, as presented in “Income tax (expense) benefit” in the accompanying Consolidated Statements of Operations.

As of December 31, 2024 and 2023, the components of the Company’s TRS deferred income tax assets and liabilities were as follows (dollars in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

 

 

 

 

 

Deferred tax liability:

 

 

 

 

 

 

Unrealized gain from limited partnerships

 

$

4,048

 

 

$

300

 

Unrealized gain from marketable securities & other

 

 

861

 

 

 

3,575

 

Total deferred tax liability

 

$

4,909

 

 

$

3,875

 

Net deferred tax liability

 

$

4,909

 

 

$

3,875

 

 

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, 2024 and 2023, 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, 2024, MAA held federal net operating loss, or NOL, carryforwards of $43.9 million for income tax purposes that expire in the years 2029 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. MAA may use these NOL to offset all or a portion of the taxable income generated at the REIT level. Tax years 2021 through 2024 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 MAA’s 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, 2024, 2023 and 2022, dividends per common share held for the entire year were estimated to be taxable as follows:

 

 

2024

 

 

2023

 

 

2022

 

 

 

Amount

 

 

Percentage

 

 

Amount

 

 

Percentage

 

 

Amount

 

 

Percentage

 

Ordinary income

 

$

5.80

 

 

 

98.61

%

 

$

5.60

 

 

 

100.00

%

 

$

4.44

 

 

 

95.03

%

Capital gains

 

 

0.08

 

 

 

1.39

%

 

 

—

 

 

 

—

 

 

 

0.23

 

 

 

4.78

%

Un-recaptured Section 1250 gains

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.01

 

 

 

0.19

%

Total

 

$

5.88

 

 

 

100

%

 

$

5.60

 

 

 

100

%

 

$

4.68

 

 

 

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.
v3.25.0.1
Shareholders' Equity of MAA
 12 Months Ended
Dec. 31, 2024
Shareholders Equity Of M A A [Abstract]  
Shareholders' Equity of MAA
8.
Shareholders’ Equity of MAA

As of December 31, 2024, 116,883,421 shares of common stock of MAA and 3,075,552 OP Units (excluding the OP Units held by MAA) were issued and outstanding, representing a total of 119,958,973 common shares and units. 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.

Preferred Stock

As of December 31, 2024, 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 shares of 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 may elect to sell shares under the DRSPP at up to a 5% discount. Shares of MAA’s common stock totaling 10,610 in 2024, 9,787 in 2023 and 6,547 in 2022 were acquired by participants under the DRSPP. MAA did not offer a discount for optional cash purchases in 2024, 2023 or 2022.

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 not dilutive to the Company’s diluted earnings per share for the years ended December 31, 2023 and 2022.

At-the-Market Equity Offering Program

MAA has entered into an at-the-money equity offering program, or ATM program, enabling MAA to sell shares of its common stock into the existing market at current market prices from time to time to or through the sales agents under the program. Pursuant to the ATM program, MAA from time to time may also enter into forward sale agreements and sell shares of its common stock pursuant to these agreements. Through the ATM program, MAA may issue up to an aggregate of 4.0 million shares of its common stock, at such times as determined by MAA.

 

MAA has no obligation to issue shares through the ATM program. During the years ended December 31, 2024, 2023 and 2022 MAA did not sell any shares of common stock through the ATM program. As of December 31, 2024, 4.0 million shares of MAA’s common stock remained issuable under the ATM program.
v3.25.0.1
Partners' Capital of MAALP
 12 Months Ended
Dec. 31, 2024
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, 2024, there were 119,958,973 OP Units outstanding, 116,883,421, 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 3,075,552 OP Units were Class A OP Units owned by Class A limited partners. As of December 31, 2023, there were 119,838,096 OP Units outstanding, 116,694,124, or 97.4%, of which were owned by MAA and 3,143,972 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, 2024, a total of 3,075,552 Class A OP Units were outstanding and redeemable for 3,075,552 shares of MAA common stock, with an approximate value of $475.4 million, based on the closing price of MAA’s common stock on December 31, 2024 of $154.57 per share. 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. 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, 2024, 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, 2024, 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.
v3.25.0.1
Employee Benefit Plans
 12 Months Ended
Dec. 31, 2024
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 $4.9 million, $4.7 million and $4.4 million for the years ended December 31, 2024, 2023 and 2022, 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, 2024, 2023 and 2022 of $0.3 million, $0.4 million and $0.5 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, 2024, 2023 and 2022, directors deferred 11,439 shares, 9,459 shares and 6,122 shares of common stock, respectively, with weighted-average grant date fair values of $140.85, $145.96 and $174.76, 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, 2024 and 2023, there was no liability related to mandatorily redeemable shares.

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 2024, 2023 or 2022. As of December 31, 2024, the ESOP held 122,735 shares with a fair value of $19.0 million.
v3.25.0.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2024
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, 2024, the Company’s operating leases had a weighted average remaining lease term of approximately 34 years and a weighted average discount rate of approximately 4.60%.

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, 2024 (in thousands):

 

 

Operating Leases

 

2025

 

$

3,043

 

2026

 

 

3,093

 

2027

 

 

3,131

 

2028

 

 

1,709

 

2029

 

 

815

 

Thereafter

 

 

54,856

 

Total minimum lease payments

 

 

66,647

 

Net present value adjustments

 

 

(40,556

)

Right-of-use lease liabilities

 

$

26,091

 

Legal Proceedings

In late 2022 and early 2023, numerous putative class action lawsuits were filed against RealPage, Inc., a seller of revenue management software products, along with over 50 of the largest owners and operators of apartment communities in the country that have utilized these products, including the Company. The plaintiffs allege that RealPage and these multifamily housing owners and operators conspired to artificially inflate the prices of multifamily rents above competitive levels using RealPage’s revenue management software in violation of state and federal antitrust laws. The plaintiffs are seeking monetary damages and attorneys’ fees and costs and injunctive relief. On April 10, 2023, the Joint Panel on Multidistrict Litigation issued an order centralizing the cases in the U.S. District Court for the Middle District of Tennessee for coordinated or consolidated pretrial proceedings. Another lawsuit alleging violations of the District of Columbia’s antitrust laws and seeking similar relief was filed in the Superior Court of the District of Columbia in November 2023 by the District of Columbia against RealPage, Inc. and a number of large apartment community owners and operators, including the Company. The Company believes there are defenses, both factual and legal, to the allegations in these various proceedings and the Company plans to vigorously defend itself. As these proceedings are in the early stages, it is not possible for the Company to predict any outcome or estimate the amount of loss, if any, which could be associated with any adverse decision. While the Company does not believe that any of these proceedings will have a material adverse effect on its financial condition, the Company cannot give assurance that the proceedings 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, 2024 and 2023, the Company’s accrual for loss contingencies relating to unresolved legal matters, including the cost to defend, was $11.1 million and $7.6 million in the aggregate, respectively. The accrual for loss contingencies is presented in “Accrued expenses and other liabilities” in the accompanying Consolidated Balance Sheets and in “Other non-operating (income) expense” in the accompanying Consolidated Statements of Operations.
v3.25.0.1
Related Party Transactions
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 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.
v3.25.0.1
Segment Information
 12 Months Ended
Dec. 31, 2024
Notes To Financial Statements [Abstract]  
Segment Information
13.
Segment Information

As of December 31, 2024, the Company owned and operated 293 multifamily apartment communities (which does not include development communities under construction) in 16 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 expenses related to severe weather events, including hurricanes and winter storms.

On the first day of each calendar year, the Company determines the composition of its Same Store and Non-Same Store and Other reportable segments for that year as well as adjusts the previous year, which allows the Company to evaluate full period-over-period operating comparisons. Communities previously in development or lease-up are added to the Same Store segment on the first day of the calendar year after the community has been owned and stabilized for at least a full 12 months. Communities are considered stabilized 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.

Property revenues, property operating expenses (excluding depreciation and amortization) and NOI for each reportable segment for the years ended December 31, 2024, 2023 and 2022 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

Revenues:

 

 

 

 

 

 

 

 

 

Same Store

 

 

 

 

 

 

 

 

 

Rental revenues

 

$

2,072,467

 

 

$

2,063,344

 

 

$

1,895,071

 

Other property revenues

 

 

12,369

 

 

 

11,752

 

 

 

11,932

 

Total Same Store revenues

 

 

2,084,836

 

 

 

2,075,096

 

 

 

1,907,003

 

Non-Same Store and Other

 

 

 

 

 

 

 

 

 

Rental revenues

 

 

104,151

 

 

 

72,874

 

 

 

111,067

 

Other property revenues

 

 

2,028

 

 

 

498

 

 

 

1,796

 

Total Non-Same Store and Other revenues

 

 

106,179

 

 

 

73,372

 

 

 

112,863

 

Total rental and other property revenues

 

$

2,191,015

 

 

$

2,148,468

 

 

$

2,019,866

 

Expenses:

 

 

 

 

 

 

 

 

 

Same Store

 

 

 

 

 

 

 

 

 

Real estate taxes

 

$

270,584

 

 

$

265,296

 

 

$

244,476

 

Personnel

 

 

165,249

 

 

 

157,656

 

 

 

146,319

 

Utilities

 

 

135,810

 

 

 

131,197

 

 

 

122,563

 

Building repair & maintenance

 

 

97,590

 

 

 

95,955

 

 

 

85,350

 

Office operations

 

 

34,922

 

 

 

30,366

 

 

 

27,337

 

Insurance

 

 

33,088

 

 

 

30,713

 

 

 

26,031

 

Marketing

 

 

26,416

 

 

 

24,103

 

 

 

22,034

 

Total Same Store expenses

 

 

763,659

 

 

 

735,286

 

 

 

674,110

 

Non-Same Store and Other

 

 

 

 

 

 

 

 

 

Total Non-Same Store and Other expenses

 

 

56,433

 

 

 

32,855

 

 

 

49,584

 

Total property operating expenses, excluding depreciation and amortization

 

$

820,092

 

 

$

768,141

 

 

$

723,694

 

Net Operating Income:

 

 

 

 

 

 

 

 

 

Same Store NOI

 

$

1,321,177

 

 

$

1,339,810

 

 

$

1,232,893

 

Non-Same Store and Other NOI

 

 

49,746

 

 

 

40,517

 

 

 

63,279

 

Total NOI

 

 

1,370,923

 

 

 

1,380,327

 

 

 

1,296,172

 

Depreciation and amortization

 

 

(585,616

)

 

 

(565,063

)

 

 

(542,998

)

Property management expenses

 

 

(72,040

)

 

 

(67,784

)

 

 

(65,463

)

General and administrative expenses

 

 

(56,516

)

 

 

(58,578

)

 

 

(58,833

)

Interest expense

 

 

(168,544

)

 

 

(149,234

)

 

 

(154,747

)

Gain (loss) on sale of depreciable real estate assets

 

 

55,003

 

 

 

(62

)

 

 

214,762

 

Gain on sale of non-depreciable real estate assets

 

 

—

 

 

 

54

 

 

 

809

 

Other non-operating income (expense)

 

 

1,655

 

 

 

31,185

 

 

 

(42,713

)

Income tax (expense) benefit

 

 

(5,240

)

 

 

(4,744

)

 

 

6,208

 

Income from real estate joint venture

 

 

1,951

 

 

 

1,730

 

 

 

1,579

 

Net income attributable to noncontrolling interests

 

 

(14,033

)

 

 

(15,025

)

 

 

(17,340

)

Dividends to MAA Series I preferred shareholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

Net income available for MAA common shareholders

 

$

523,855

 

 

$

549,118

 

 

$

633,748

 

Assets for each reportable segment as of December 31, 2024 and 2023 were as follows (in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

Assets:

 

 

 

 

 

 

Same Store

 

$

9,673,280

 

 

$

9,893,858

 

Non-Same Store and Other

 

 

1,981,457

 

 

 

1,391,777

 

Corporate

 

 

157,632

 

 

 

198,868

 

Total assets

 

$

11,812,369

 

 

$

11,484,503

 
v3.25.0.1
Real Estate Acquisitions and Dispositions
 12 Months Ended
Dec. 31, 2024
Real Estate [Abstract]  
Real Estate Acquisitions and Dispositions
14.
Real Estate Acquisitions and Dispositions

Acquisitions

In October, September and May 2024, the Company closed on acquisitions of a 386-unit multifamily apartment community located in Dallas, Texas for approximately $106 million, a 310-unit multifamily apartment community located in Orlando, Florida for approximately $84 million and a 306-unit multifamily apartment community located in Raleigh, North Carolina for approximately $81 million, respectively. In November and October 2023, the Company closed on acquisitions of a 352-unit multifamily apartment community located in Charlotte, North Carolina for approximately $107 million and a 323-unit multifamily apartment community located in Phoenix, Arizona for approximately $103 million, respectively.

In December, August and April 2024, the Company acquired a 3-acre land parcel in Raleigh/Durham, North Carolina for approximately $5 million, a 3-acre land parcel in Richmond, Virginia for approximately $14 million and a 13-acre land parcel in Phoenix, Arizona for approximately $11 million, respectively. In November and February 2023, the Company acquired a half-acre land parcel in Raleigh, North Carolina for approximately $1 million and a 6-acre land parcel in Orlando, Florida for approximately $12 million, respectively.

Dispositions

In December 2024, the Company closed on the disposition of a 272-unit multifamily apartment community located in Richmond, Virginia for net proceeds of approximately $47 million, resulting in gain on the sale of depreciable real estate assets of approximately $33 million. In October 2024, the Company closed on the disposition of a 216-unit multifamily apartment community located in Charlotte, North Carolina for net proceeds of approximately $38 million, resulting in gain on the sale of depreciable real estate assets of approximately $22 million, respectively. During the year ended December 31, 2023, the Company did not dispose of any multifamily apartment communities. In December 2022, the Company closed on the disposition of a 288-unit multifamily apartment community located in Austin, Texas for net proceeds of approximately $54 million, resulting in gain on the sale of depreciable real estate assets of approximately $47 million. In October 2022, the Company closed on the disposition of a 396-unit multifamily apartment community located in Maryland for net proceeds of approximately $104 million, resulting in gain on the sale of depreciable real estate assets of approximately $36 million. In June 2022, the Company closed on the dispositions of a 304-unit and a 426-unit multifamily apartment community located in Fort Worth, Texas for net proceeds of approximately $65 million and $102 million, respectively, resulting in gain on the sale of depreciable real estate assets of approximately $59 million and $73 million, respectively.

During the year ended December 31, 2024, the Company did not dispose of any land parcels. In March 2023, the Company closed on the disposition of 21 acres of land in Gulf Shores, Alabama for gross proceeds of approximately $3 million, resulting in the recognition of a negligible gain on the sale of non-depreciable real estate assets.

As of December 31, 2024, a 336-unit multifamily apartment community and a 240-unit multifamily apartment community located in Columbia, South Carolina were classified as held for sale. The criteria for classifying the communities as held for sale were met during December 2024, and the properties remained in the Company’s portfolio as of December 31, 2024. As a result, the assets associated with the communities were presented as “Assets held for sale” in the accompanying Consolidated Balance Sheet as of December 31, 2024.

v3.25.0.1
Schedule III Real Estate and Accumulated Depreciation
 12 Months Ended
Dec. 31, 2024
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
to Acquisition

 

 

Gross Amount carried as of
December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Property

 

Location

 

Encumbrances

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Total (3)

 

 

Accumulated
Depreciation (4)

 

 

Net

 

 

Date of
Construction

 

Date
Acquired

Birchall at Ross Bridge

 

Birmingham, AL

 

$

—

 

 

 

$

2,641

 

 

$

28,842

 

 

$

—

 

 

$

5,327

 

 

$

2,641

 

 

$

34,169

 

 

 

36,810

 

 

$

(15,453

)

 

$

21,357

 

 

2009

 

2011

Colonial Grand at Riverchase Trails

 

Birmingham, AL

 

 

—

 

 

 

 

3,762

 

 

 

22,079

 

 

 

—

 

 

 

7,676

 

 

 

3,762

 

 

 

29,755

 

 

 

33,517

 

 

 

(14,581

)

 

 

18,936

 

 

2010

 

2013

MAA Trussville

 

Birmingham, AL

 

 

—

 

 

 

 

3,403

 

 

 

31,813

 

 

 

—

 

 

 

8,142

 

 

 

3,403

 

 

 

39,955

 

 

 

43,358

 

 

 

(17,690

)

 

 

25,668

 

 

1996/97

 

2013

MAA Eagle Ridge

 

Birmingham, AL

 

 

—

 

 

 

 

852

 

 

 

7,667

 

 

 

—

 

 

 

6,252

 

 

 

852

 

 

 

13,919

 

 

 

14,771

 

 

 

(10,681

)

 

 

4,090

 

 

1986

 

1998

Colonial Grand at Traditions

 

Gulf Shores, AL

 

 

—

 

 

 

 

3,212

 

 

 

25,162

 

 

 

—

 

 

 

8,956

 

 

 

3,212

 

 

 

34,118

 

 

 

37,330

 

 

 

(15,585

)

 

 

21,745

 

 

2007

 

2013

MAA Edgewater

 

Huntsville, AL

 

 

—

 

 

 

 

4,944

 

 

 

38,673

 

 

 

—

 

 

 

11,961

 

 

 

4,944

 

 

 

50,634

 

 

 

55,578

 

 

 

(21,027

)

 

 

34,551

 

 

1990

 

2013

MAA Providence Main

 

Huntsville, AL

 

 

—

 

 

 

 

1,740

 

 

 

10,152

 

 

 

—

 

 

 

21,457

 

 

 

1,740

 

 

 

31,609

 

 

 

33,349

 

 

 

(19,898

)

 

 

13,451

 

 

1993

 

1997

MAA Madison Lakes

 

Madison, AL

 

 

—

 

 

 

 

3,602

 

 

 

28,934

 

 

 

—

 

 

 

5,764

 

 

 

3,602

 

 

 

34,698

 

 

 

38,300

 

 

 

(15,579

)

 

 

22,721

 

 

2000

 

2013

Cypress Village

 

Orange Beach, AL

 

 

—

 

 

 

 

1,290

 

 

 

12,238

 

 

 

—

 

 

 

3,920

 

 

 

1,290

 

 

 

16,158

 

 

 

17,448

 

 

 

(7,100

)

 

 

10,348

 

 

2008

 

2013

MAA Liberty Park

 

Vestavia Hills, AL

 

 

—

 

 

 

 

3,922

 

 

 

30,977

 

 

 

—

 

 

 

10,438

 

 

 

3,922

 

 

 

41,415

 

 

 

45,337

 

 

 

(18,835

)

 

 

26,502

 

 

2000

 

2013

MAA Sky View

 

Gilbert, AZ

 

 

—

 

 

 

 

2,668

 

 

 

14,577

 

 

 

—

 

 

 

4,565

 

 

 

2,668

 

 

 

19,142

 

 

 

21,810

 

 

 

(9,841

)

 

 

11,969

 

 

2007

 

2009

MAA City Gate

 

Mesa, AZ

 

 

—

 

 

 

 

4,219

 

 

 

26,255

 

 

 

—

 

 

 

5,972

 

 

 

4,219

 

 

 

32,227

 

 

 

36,446

 

 

 

(14,190

)

 

 

22,256

 

 

2002

 

2013

MAA Lyon's Gate

 

Phoenix, AZ

 

 

—

 

 

 

 

7,901

 

 

 

27,182

 

 

 

—

 

 

 

7,106

 

 

 

7,901

 

 

 

34,288

 

 

 

42,189

 

 

 

(17,899

)

 

 

24,290

 

 

2007

 

2008

MAA Fountainhead

 

Phoenix, AZ

 

 

—

 

(1)

 

 

12,212

 

 

 

56,705

 

 

 

—

 

 

 

4,744

 

 

 

12,212

 

 

 

61,449

 

 

 

73,661

 

 

 

(15,904

)

 

 

57,757

 

 

2015

 

2016

MAA Foothills

 

Phoenix, AZ

 

 

—

 

 

 

 

12,741

 

 

 

47,701

 

 

 

—

 

 

 

7,891

 

 

 

12,741

 

 

 

55,592

 

 

 

68,333

 

 

 

(33,356

)

 

 

34,977

 

 

2005

 

2006

MAA Phoenix Midtown

 

Phoenix, AZ

 

 

—

 

 

 

 

9,001

 

 

 

—

 

 

 

—

 

 

 

74,692

 

 

 

9,001

 

 

 

74,692

 

 

 

83,693

 

 

 

(14,293

)

 

 

69,400

 

 

2021

 

2019

MAA Central Ave

 

Phoenix, AZ

 

 

—

 

 

 

 

11,323

 

 

 

90,350

 

 

 

—

 

 

 

2,219

 

 

 

11,323

 

 

 

92,569

 

 

 

103,892

 

 

 

(3,834

)

 

 

100,058

 

 

2022

 

2023

Novel Val Vista

 

Phoenix, AZ

 

 

—

 

 

 

 

7,285

 

 

 

—

 

 

 

—

 

 

 

71,425

 

 

 

7,285

 

 

 

71,425

 

 

 

78,710

 

 

 

(2,330

)

 

 

76,380

 

 

2020

 

2020

MAA Old Town Scottsdale

 

Scottsdale, AZ

 

 

—

 

 

 

 

7,820

 

 

 

51,627

 

 

 

—

 

 

 

14,011

 

 

 

7,820

 

 

 

65,638

 

 

 

73,458

 

 

 

(26,927

)

 

 

46,531

 

 

1994/95

 

2013

MAA Camelback

 

Scottsdale, AZ

 

 

—

 

 

 

 

3,612

 

 

 

20,273

 

 

 

—

 

 

 

7,591

 

 

 

3,612

 

 

 

27,864

 

 

 

31,476

 

 

 

(11,458

)

 

 

20,018

 

 

1999

 

2013

MAA SkySong

 

Scottsdale, AZ

 

 

—

 

 

 

 

—

 

 

 

55,748

 

 

 

—

 

 

 

6,454

 

 

 

—

 

 

 

62,202

 

 

 

62,202

 

 

 

(16,338

)

 

 

45,864

 

 

2014

 

2015

MAA River North

 

Denver, CO

 

 

—

 

 

 

 

14,500

 

 

 

28,900

 

 

 

—

 

 

 

42,424

 

 

 

14,500

 

 

 

71,324

 

 

 

85,824

 

 

 

(17,145

)

 

 

68,679

 

 

2018

 

2016

MAA Promenade

 

Denver, CO

 

 

—

 

 

 

 

24,111

 

 

 

81,317

 

 

 

—

 

 

 

24,062

 

 

 

24,111

 

 

 

105,379

 

 

 

129,490

 

 

 

(21,984

)

 

 

107,506

 

 

2017/19

 

2018

MAA Westglenn

 

Denver, CO

 

 

—

 

 

 

 

8,077

 

 

 

—

 

 

 

—

 

 

 

74,720

 

 

 

8,077

 

 

 

74,720

 

 

 

82,797

 

 

 

(13,697

)

 

 

69,100

 

 

2021

 

2018

MAA Tiffany Oaks

 

Altamonte Springs, FL

 

 

—

 

 

 

 

1,024

 

 

 

9,219

 

 

 

—

 

 

 

10,321

 

 

 

1,024

 

 

 

19,540

 

 

 

20,564

 

 

 

(13,510

)

 

 

7,054

 

 

1985

 

1996

MAA Lakewood Ranch

 

Bradenton, FL

 

 

—

 

 

 

 

2,980

 

 

 

40,230

 

 

 

—

 

 

 

13,440

 

 

 

2,980

 

 

 

53,670

 

 

 

56,650

 

 

 

(21,636

)

 

 

35,014

 

 

1999

 

2013

MAA Indigo Point

 

Brandon, FL

 

 

—

 

 

 

 

1,167

 

 

 

10,500

 

 

 

—

 

 

 

7,904

 

 

 

1,167

 

 

 

18,404

 

 

 

19,571

 

 

 

(12,278

)

 

 

7,293

 

 

1989

 

2000

MAA Brandon

 

Brandon, FL

 

 

—

 

 

 

 

2,896

 

 

 

26,111

 

 

 

—

 

 

 

11,626

 

 

 

2,896

 

 

 

37,737

 

 

 

40,633

 

 

 

(27,895

)

 

 

12,738

 

 

1998

 

1997

MAA Coral Springs

 

Coral Springs, FL

 

 

—

 

 

 

 

9,600

 

 

 

40,004

 

 

 

—

 

 

 

21,971

 

 

 

9,600

 

 

 

61,975

 

 

 

71,575

 

 

 

(36,970

)

 

 

34,605

 

 

1996

 

2004

MAA Steeplegate

 

Gainesville, FL

 

 

—

 

 

 

 

1,800

 

 

 

15,879

 

 

 

—

 

 

 

7,340

 

 

 

1,800

 

 

 

23,219

 

 

 

25,019

 

 

 

(14,351

)

 

 

10,668

 

 

1999

 

1998

MAA Magnolia Parke

 

Gainesville, FL

 

 

—

 

 

 

 

2,040

 

 

 

16,338

 

 

 

—

 

 

 

2,430

 

 

 

2,040

 

 

 

18,768

 

 

 

20,808

 

 

 

(8,700

)

 

 

12,108

 

 

2009

 

2011

MAA Heathrow

 

Heathrow, FL

 

 

—

 

 

 

 

4,101

 

 

 

35,684

 

 

 

—

 

 

 

6,895

 

 

 

4,101

 

 

 

42,579

 

 

 

46,680

 

 

 

(19,727

)

 

 

26,953

 

 

1997

 

2013

MAA 220 Riverside

 

Jacksonville, FL

 

 

—

 

 

 

 

2,381

 

 

 

35,514

 

 

 

—

 

 

 

10,041

 

 

 

2,381

 

 

 

45,555

 

 

 

47,936

 

 

 

(11,390

)

 

 

36,546

 

 

2015

 

2012

MAA Town Center

 

Jacksonville, FL

 

 

—

 

 

 

 

4,000

 

 

 

19,495

 

 

 

—

 

 

 

5,140

 

 

 

4,000

 

 

 

24,635

 

 

 

28,635

 

 

 

(11,214

)

 

 

17,421

 

 

2008

 

2011

MAA Mandarin North

 

Jacksonville, FL

 

 

—

 

 

 

 

854

 

 

 

7,500

 

 

 

—

 

 

 

5,908

 

 

 

854

 

 

 

13,408

 

 

 

14,262

 

 

 

(10,673

)

 

 

3,589

 

 

1987

 

1995

MAA Deerwood

 

Jacksonville, FL

 

 

—

 

 

 

 

1,533

 

 

 

13,835

 

 

 

—

 

 

 

8,208

 

 

 

1,533

 

 

 

22,043

 

 

 

23,576

 

 

 

(16,738

)

 

 

6,838

 

 

1987

 

1997

Lakeside

 

Jacksonville, FL

 

 

—

 

 

 

 

1,430

 

 

 

12,883

 

 

 

—

 

 

 

11,930

 

 

 

1,430

 

 

 

24,813

 

 

 

26,243

 

 

 

(19,464

)

 

 

6,779

 

 

1985

 

1996

MAA Fleming Island

 

Jacksonville, FL

 

 

—

 

 

 

 

4,047

 

 

 

35,052

 

 

 

—

 

 

 

8,043

 

 

 

4,047

 

 

 

43,095

 

 

 

47,142

 

 

 

(28,660

)

 

 

18,482

 

 

2003

 

2003

MAA Belmont

 

Jacksonville, FL

 

 

—

 

 

 

 

1,411

 

 

 

14,967

 

 

 

—

 

 

 

5,773

 

 

 

1,411

 

 

 

20,740

 

 

 

22,151

 

 

 

(12,872

)

 

 

9,279

 

 

1998

 

1998

MAA Mandarin Lakes

 

Jacksonville, FL

 

 

—

 

 

 

 

2,857

 

 

 

6,475

 

 

 

—

 

 

 

24,518

 

 

 

2,857

 

 

 

30,993

 

 

 

33,850

 

 

 

(16,906

)

 

 

16,944

 

 

1987/ 2008

 

1995

MAA Tapestry Park

 

Jacksonville, FL

 

 

—

 

 

 

 

6,417

 

 

 

36,069

 

 

 

—

 

 

 

4,910

 

 

 

6,417

 

 

 

40,979

 

 

 

47,396

 

 

 

(18,202

)

 

 

29,194

 

 

2009

 

2011

MAA Atlantic

 

Jacksonville, FL

 

 

—

 

 

 

 

1,678

 

 

 

15,179

 

 

 

—

 

 

 

12,547

 

 

 

1,678

 

 

 

27,726

 

 

 

29,404

 

 

 

(21,575

)

 

 

7,829

 

 

1986

 

1997

MAA Lake Mary

 

Lake Mary, FL

 

 

—

 

(2)

 

 

6,346

 

 

 

41,539

 

 

 

—

 

 

 

27,707

 

 

 

6,346

 

 

 

69,246

 

 

 

75,592

 

 

 

(26,202

)

 

 

49,390

 

 

2012

 

2013

MAA Town Park

 

Lake Mary, FL

 

 

—

 

 

 

 

9,223

 

 

 

66,873

 

 

 

—

 

 

 

12,621

 

 

 

9,223

 

 

 

79,494

 

 

 

88,717

 

 

 

(37,349

)

 

 

51,368

 

 

2004/2005

 

2013

MAA Heather Glen

 

Orlando, FL

 

 

—

 

 

 

 

4,662

 

 

 

56,988

 

 

 

—

 

 

 

10,564

 

 

 

4,662

 

 

 

67,552

 

 

 

72,214

 

 

 

(29,964

)

 

 

42,250

 

 

2000

 

2013

MAA Randal Lakes

 

Orlando, FL

 

 

—

 

 

 

 

8,859

 

 

 

50,553

 

 

 

—

 

 

 

53,475

 

 

 

8,859

 

 

 

104,028

 

 

 

112,887

 

 

 

(25,991

)

 

 

86,896

 

 

2014/17

 

2013

MAA Robinson

 

Orlando, FL

 

 

—

 

 

 

 

6,003

 

 

 

—

 

 

 

—

 

 

 

91,766

 

 

 

6,003

 

 

 

91,766

 

 

 

97,769

 

 

 

(16,567

)

 

 

81,202

 

 

2021

 

2018

MAA Baldwin Park

 

Orlando, FL

 

 

—

 

 

 

 

18,101

 

 

 

144,200

 

 

 

—

 

 

 

8,502

 

 

 

18,101

 

 

 

152,702

 

 

 

170,803

 

 

 

(49,270

)

 

 

121,533

 

 

2011

 

2016

MAA Crosswater

 

Orlando, FL

 

 

—

 

 

 

 

7,046

 

 

 

52,585

 

 

 

—

 

 

 

4,189

 

 

 

7,046

 

 

 

56,774

 

 

 

63,820

 

 

 

(16,668

)

 

 

47,152

 

 

2013

 

2016

MAA Parkside

 

Orlando, FL

 

 

—

 

 

 

 

5,669

 

 

 

49,754

 

 

 

—

 

 

 

11,834

 

 

 

5,669

 

 

 

61,588

 

 

 

67,257

 

 

 

(19,372

)

 

 

47,885

 

 

1999

 

2016

MAA Lake Nona

 

Orlando, FL

 

 

—

 

 

 

 

7,880

 

 

 

41,175

 

 

 

—

 

 

 

8,992

 

 

 

7,880

 

 

 

50,167

 

 

 

58,047

 

 

 

(21,885

)

 

 

36,162

 

 

2006

 

2012

Sand Lake

 

Orlando, FL

 

 

—

 

 

 

 

7,635

 

 

 

—

 

 

 

—

 

 

 

56,561

 

 

 

7,635

 

 

 

56,561

 

 

 

64,196

 

 

 

(10,974

)

 

 

53,222

 

 

2021

 

2019

MAA Boggy Creek

 

Orlando, FL

 

 

—

 

 

 

 

10,879

 

 

 

72,838

 

 

 

—

 

 

 

137

 

 

 

10,879

 

 

 

72,975

 

 

 

83,854

 

 

 

(909

)

 

 

82,945

 

 

2023

 

2024

MAA Palm Harbor

 

Palm Harbor, FL

 

 

—

 

 

 

 

6,900

 

 

 

26,613

 

 

 

—

 

 

 

6,669

 

 

 

6,900

 

 

 

33,282

 

 

 

40,182

 

 

 

(18,005

)

 

 

22,177

 

 

2000

 

2009

Club at Panama Beach

 

Panama City, FL

 

 

—

 

 

 

 

893

 

 

 

14,276

 

 

 

—

 

 

 

7,590

 

 

 

893

 

 

 

21,866

 

 

 

22,759

 

 

 

(13,778

)

 

 

8,981

 

 

2000

 

1998

MAA Twin Lakes

 

Sanford, FL

 

 

—

 

 

 

 

3,091

 

 

 

47,793

 

 

 

—

 

 

 

9,381

 

 

 

3,091

 

 

 

57,174

 

 

 

60,265

 

 

 

(24,848

)

 

 

35,417

 

 

2005

 

2013

MAA Oak Grove

 

Tallahassee, FL

 

 

—

 

 

 

 

1,480

 

 

 

4,805

 

 

 

—

 

 

 

16,360

 

 

 

1,480

 

 

 

21,165

 

 

 

22,645

 

 

 

(16,842

)

 

 

5,803

 

 

1992

 

1997

MAA Southwood

 

Tallahassee, FL

 

 

—

 

 

 

 

3,600

 

 

 

25,914

 

 

 

—

 

 

 

3,992

 

 

 

3,600

 

 

 

29,906

 

 

 

33,506

 

 

 

(10,863

)

 

 

22,643

 

 

2003

 

2011

MAA Belmere

 

Tampa, FL

 

 

—

 

 

 

 

852

 

 

 

7,667

 

 

 

—

 

 

 

11,445

 

 

 

852

 

 

 

19,112

 

 

 

19,964

 

 

 

(13,323

)

 

 

6,641

 

 

1984

 

1994

MAA Hampton Preserve

 

Tampa, FL

 

 

—

 

 

 

 

17,029

 

 

 

131,398

 

 

 

—

 

 

 

8,321

 

 

 

17,029

 

 

 

139,719

 

 

 

156,748

 

 

 

(37,762

)

 

 

118,986

 

 

2012, 2021

 

2013, 2022

MAA Carrollwood

 

Tampa, FL

 

 

—

 

 

 

 

927

 

 

 

7,355

 

 

 

—

 

 

 

9,421

 

 

 

927

 

 

 

16,776

 

 

 

17,703

 

 

 

(11,883

)

 

 

5,820

 

 

1980

 

1998

MAA Bay View

 

Tampa, FL

 

 

—

 

 

 

 

4,541

 

 

 

28,381

 

 

 

—

 

 

 

3,529

 

 

 

4,541

 

 

 

31,910

 

 

 

36,451

 

 

 

(10,202

)

 

 

26,249

 

 

1997

 

2016

MAA Harbour Island

 

Tampa, FL

 

 

—

 

 

 

 

16,296

 

 

 

116,193

 

 

 

—

 

 

 

21,265

 

 

 

16,296

 

 

 

137,458

 

 

 

153,754

 

 

 

(45,979

)

 

 

107,775

 

 

1997

 

2016

MAA Hyde Park

 

Tampa, FL

 

 

—

 

 

 

 

16,891

 

 

 

95,259

 

 

 

—

 

 

 

14,724

 

 

 

16,891

 

 

 

109,983

 

 

 

126,874

 

 

 

(35,874

)

 

 

91,000

 

 

1994

 

2016

MAA Rocky Point

 

Tampa, FL

 

 

—

 

 

 

 

35,260

 

 

 

153,102

 

 

 

—

 

 

 

26,248

 

 

 

35,260

 

 

 

179,350

 

 

 

214,610

 

 

 

(58,193

)

 

 

156,417

 

 

1994-1996

 

2016

MAA SoHo Square

 

Tampa, FL

 

 

—

 

(1)

 

 

5,190

 

 

 

56,296

 

 

 

—

 

 

 

2,543

 

 

 

5,190

 

 

 

58,839

 

 

 

64,029

 

 

 

(16,700

)

 

 

47,329

 

 

2012

 

2016

MAA Tampa Oaks

 

Tampa, FL

 

 

—

 

 

 

 

2,891

 

 

 

19,055

 

 

 

—

 

 

 

5,625

 

 

 

2,891

 

 

 

24,680

 

 

 

27,571

 

 

 

(12,748

)

 

 

14,823

 

 

2005

 

2008

 

 

 

 

 

 

 

 

 

 

Initial Cost

 

 

Costs Capitalized Subsequent
to Acquisition

 

 

Gross Amount carried as of
December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Property

 

Location

 

Encumbrances

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Total (3)

 

 

Accumulated
Depreciation (4)

 

 

Net

 

 

Date of
Construction

 

Date
Acquired

MAA Seven Oaks

 

Wesley Chapel, FL

 

 

—

 

 

 

 

3,051

 

 

 

42,768

 

 

 

—

 

 

 

7,038

 

 

 

3,051

 

 

 

49,806

 

 

 

52,857

 

 

 

(21,236

)

 

 

31,621

 

 

2004

 

2013

MAA Windermere

 

Windermere, FL

 

 

—

 

(1)

 

 

2,711

 

 

 

36,710

 

 

 

—

 

 

 

4,380

 

 

 

2,711

 

 

 

41,090

 

 

 

43,801

 

 

 

(17,541

)

 

 

26,260

 

 

2009

 

2013

MAA Briarcliff

 

Atlanta, GA

 

 

—

 

 

 

 

24,614

 

 

 

114,921

 

 

 

—

 

 

 

12,766

 

 

 

24,614

 

 

 

127,687

 

 

 

152,301

 

 

 

(39,694

)

 

 

112,607

 

 

1996

 

2016

MAA Brookhaven

 

Atlanta, GA

 

 

—

 

 

 

 

29,048

 

 

 

106,463

 

 

 

—

 

 

 

16,182

 

 

 

29,048

 

 

 

122,645

 

 

 

151,693

 

 

 

(40,719

)

 

 

110,974

 

 

1989-1992

 

2016

MAA Brookwood

 

Atlanta, GA

 

 

—

 

(2)

 

 

11,168

 

 

 

52,758

 

 

 

—

 

 

 

8,868

 

 

 

11,168

 

 

 

61,626

 

 

 

72,794

 

 

 

(26,301

)

 

 

46,493

 

 

2008

 

2012

MAA Buckhead

 

Atlanta, GA

 

 

—

 

 

 

 

8,633

 

 

 

19,844

 

 

 

—

 

 

 

12,226

 

 

 

8,633

 

 

 

32,070

 

 

 

40,703

 

 

 

(14,687

)

 

 

26,016

 

 

2002

 

2012

MAA Centennial Park

 

Atlanta, GA

 

 

—

 

 

 

 

13,650

 

 

 

10,950

 

 

 

—

 

 

 

63,831

 

 

 

13,650

 

 

 

74,781

 

 

 

88,431

 

 

 

(15,184

)

 

 

73,247

 

 

2018

 

2016

MAA Chastain

 

Atlanta, GA

 

 

—

 

 

 

 

30,223

 

 

 

82,964

 

 

 

—

 

 

 

6,624

 

 

 

30,223

 

 

 

89,588

 

 

 

119,811

 

 

 

(28,378

)

 

 

91,433

 

 

1990

 

2016

MAA Dunwoody

 

Atlanta, GA

 

 

—

 

 

 

 

15,799

 

 

 

48,054

 

 

 

—

 

 

 

8,547

 

 

 

15,799

 

 

 

56,601

 

 

 

72,400

 

 

 

(18,374

)

 

 

54,026

 

 

1995

 

2016

MAA Gardens

 

Atlanta, GA

 

 

—

 

 

 

 

17,907

 

 

 

56,093

 

 

 

—

 

 

 

14,457

 

 

 

17,907

 

 

 

70,550

 

 

 

88,457

 

 

 

(22,939

)

 

 

65,518

 

 

1996

 

2016

MAA Glen

 

Atlanta, GA

 

 

—

 

 

 

 

13,878

 

 

 

51,079

 

 

 

—

 

 

 

9,403

 

 

 

13,878

 

 

 

60,482

 

 

 

74,360

 

 

 

(19,619

)

 

 

54,741

 

 

1996

 

2016

MAA Lenox

 

Atlanta, GA

 

 

—

 

 

 

 

23,876

 

 

 

165,572

 

 

 

—

 

 

 

7,598

 

 

 

23,876

 

 

 

173,170

 

 

 

197,046

 

 

 

(58,165

)

 

 

138,881

 

 

2006/15

 

2016

MAA Midtown

 

Atlanta, GA

 

 

—

 

 

 

 

7,000

 

 

 

44,000

 

 

 

—

 

 

 

42,230

 

 

 

7,000

 

 

 

86,230

 

 

 

93,230

 

 

 

(17,514

)

 

 

75,716

 

 

2017

 

2016

MAA Oglethorpe

 

Atlanta, GA

 

 

—

 

 

 

 

6,856

 

 

 

31,441

 

 

 

—

 

 

 

8,976

 

 

 

6,856

 

 

 

40,417

 

 

 

47,273

 

 

 

(21,270

)

 

 

26,003

 

 

1994

 

2008

MAA Peachtree Hills

 

Atlanta, GA

 

 

—

 

 

 

 

11,974

 

 

 

55,264

 

 

 

—

 

 

 

3,025

 

 

 

11,974

 

 

 

58,289

 

 

 

70,263

 

 

 

(17,688

)

 

 

52,575

 

 

1992-1994/2009

 

2016

MAA Piedmont Park

 

Atlanta, GA

 

 

—

 

 

 

 

11,025

 

 

 

34,277

 

 

 

—

 

 

 

6,959

 

 

 

11,025

 

 

 

41,236

 

 

 

52,261

 

 

 

(12,422

)

 

 

39,839

 

 

1999

 

2016

MAA Riverside

 

Atlanta, GA

 

 

—

 

 

 

 

23,765

 

 

 

89,369

 

 

 

—

 

 

 

14,869

 

 

 

23,765

 

 

 

104,238

 

 

 

128,003

 

 

 

(36,830

)

 

 

91,173

 

 

1996

 

2016

MAA Spring

 

Atlanta, GA

 

 

—

 

 

 

 

18,596

 

 

 

57,819

 

 

 

—

 

 

 

10,999

 

 

 

18,596

 

 

 

68,818

 

 

 

87,414

 

 

 

(23,389

)

 

 

64,025

 

 

1999

 

2016

MAA Stratford

 

Atlanta, GA

 

 

—

 

 

 

 

—

 

 

 

30,051

 

 

 

—

 

 

 

7,828

 

 

 

—

 

 

 

37,879

 

 

 

37,879

 

 

 

(13,489

)

 

 

24,390

 

 

1999

 

2016

Novel West Midtown

 

Atlanta, GA

 

 

—

 

 

 

 

7,000

 

 

 

—

 

 

 

—

 

 

 

84,409

 

 

 

7,000

 

 

 

84,409

 

 

 

91,409

 

 

 

(6,783

)

 

 

84,626

 

 

2021

 

2021

MAA Berkeley Lake

 

Duluth, GA

 

 

—

 

 

 

 

1,960

 

 

 

15,707

 

 

 

—

 

 

 

4,230

 

 

 

1,960

 

 

 

19,937

 

 

 

21,897

 

 

 

(10,244

)

 

 

11,653

 

 

1998

 

2013

MAA McDaniel Farm

 

Duluth, GA

 

 

—

 

 

 

 

3,985

 

 

 

32,206

 

 

 

—

 

 

 

8,199

 

 

 

3,985

 

 

 

40,405

 

 

 

44,390

 

 

 

(20,339

)

 

 

24,051

 

 

1997

 

2013

MAA Pleasant Hill

 

Duluth, GA

 

 

—

 

 

 

 

6,753

 

 

 

32,202

 

 

 

—

 

 

 

9,967

 

 

 

6,753

 

 

 

42,169

 

 

 

48,922

 

 

 

(20,566

)

 

 

28,356

 

 

1996

 

2013

MAA Prescott

 

Duluth, GA

 

 

—

 

 

 

 

3,840

 

 

 

24,011

 

 

 

—

 

 

 

9,699

 

 

 

3,840

 

 

 

33,710

 

 

 

37,550

 

 

 

(21,107

)

 

 

16,443

 

 

2001

 

2004

MAA River Oaks

 

Duluth, GA

 

 

—

 

 

 

 

4,349

 

 

 

13,579

 

 

 

—

 

 

 

6,129

 

 

 

4,349

 

 

 

19,708

 

 

 

24,057

 

 

 

(11,248

)

 

 

12,809

 

 

1992

 

2013

MAA River Place

 

Duluth, GA

 

 

—

 

 

 

 

2,059

 

 

 

19,158

 

 

 

—

 

 

 

7,238

 

 

 

2,059

 

 

 

26,396

 

 

 

28,455

 

 

 

(12,412

)

 

 

16,043

 

 

1994

 

2013

MAA Mount Vernon

 

Dunwoody, GA

 

 

—

 

 

 

 

6,861

 

 

 

23,748

 

 

 

—

 

 

 

5,798

 

 

 

6,861

 

 

 

29,546

 

 

 

36,407

 

 

 

(13,239

)

 

 

23,168

 

 

1997

 

2013

MAA Lake Lanier

 

Gainesville, GA

 

 

—

 

 

 

 

6,710

 

 

 

40,994

 

 

 

—

 

 

 

15,590

 

 

 

6,710

 

 

 

56,584

 

 

 

63,294

 

 

 

(35,190

)

 

 

28,104

 

 

1998/ 2001

 

2005

MAA Shiloh

 

Kennesaw, GA

 

 

—

 

 

 

 

4,864

 

 

 

45,893

 

 

 

—

 

 

 

10,887

 

 

 

4,864

 

 

 

56,780

 

 

 

61,644

 

 

 

(26,378

)

 

 

35,266

 

 

2002

 

2013

MAA Milstead

 

LaGrange, GA

 

 

—

 

 

 

 

3,100

 

 

 

29,240

 

 

 

—

 

 

 

5,720

 

 

 

3,100

 

 

 

34,960

 

 

 

38,060

 

 

 

(14,344

)

 

 

23,716

 

 

1998

 

2008

MAA Barrett Creek

 

Marietta, GA

 

 

—

 

 

 

 

5,661

 

 

 

26,186

 

 

 

—

 

 

 

6,120

 

 

 

5,661

 

 

 

32,306

 

 

 

37,967

 

 

 

(16,220

)

 

 

21,747

 

 

1999

 

2013

MAA Benton

 

Pooler, GA

 

 

—

 

 

 

 

3,550

 

 

 

66,347

 

 

 

—

 

 

 

10,617

 

 

 

3,550

 

 

 

76,964

 

 

 

80,514

 

 

 

(34,358

)

 

 

46,156

 

 

2001/08

 

2013

MAA Avala

 

Savannah, GA

 

 

—

 

 

 

 

1,500

 

 

 

24,862

 

 

 

—

 

 

 

4,031

 

 

 

1,500

 

 

 

28,893

 

 

 

30,393

 

 

 

(13,198

)

 

 

17,195

 

 

2009

 

2011

MAA Hammocks

 

Savannah, GA

 

 

—

 

 

 

 

2,441

 

 

 

36,863

 

 

 

—

 

 

 

10,118

 

 

 

2,441

 

 

 

46,981

 

 

 

49,422

 

 

 

(20,970

)

 

 

28,452

 

 

1997

 

2013

MAA Huntington

 

Savannah, GA

 

 

—

 

 

 

 

2,521

 

 

 

8,223

 

 

 

—

 

 

 

3,740

 

 

 

2,521

 

 

 

11,963

 

 

 

14,484

 

 

 

(5,562

)

 

 

8,922

 

 

1986

 

2013

MAA Georgetown Grove

 

Savannah, GA

 

 

—

 

 

 

 

1,288

 

 

 

11,579

 

 

 

—

 

 

 

5,243

 

 

 

1,288

 

 

 

16,822

 

 

 

18,110

 

 

 

(13,408

)

 

 

4,702

 

 

1997

 

1998

MAA Wilmington Island

 

Savannah, GA

 

 

—

 

 

 

 

2,864

 

 

 

25,315

 

 

 

—

 

 

 

7,886

 

 

 

2,864

 

 

 

33,201

 

 

 

36,065

 

 

 

(19,880

)

 

 

16,185

 

 

1999

 

2006

MAA West Village

 

Smyrna, GA

 

 

—

 

 

 

 

14,410

 

 

 

73,733

 

 

 

—

 

 

 

14,090

 

 

 

14,410

 

 

 

87,823

 

 

 

102,233

 

 

 

(31,912

)

 

 

70,321

 

 

2006/12

 

2014

MAA Prairie Trace

 

Overland Park, KS

 

 

—

 

 

 

 

3,500

 

 

 

40,614

 

 

 

—

 

 

 

4,475

 

 

 

3,500

 

 

 

45,089

 

 

 

48,589

 

 

 

(11,491

)

 

 

37,098

 

 

2015

 

2015

MAA Pinnacle

 

Lexington, KY

 

 

—

 

 

 

 

2,024

 

 

 

31,525

 

 

 

—

 

 

 

9,317

 

 

 

2,024

 

 

 

40,842

 

 

 

42,866

 

 

 

(25,555

)

 

 

17,311

 

 

2000

 

1998

MAA Lakepointe

 

Lexington, KY

 

 

—

 

 

 

 

411

 

 

 

3,699

 

 

 

—

 

 

 

3,458

 

 

 

411

 

 

 

7,157

 

 

 

7,568

 

 

 

(5,799

)

 

 

1,769

 

 

1986

 

1994

MAA Mansion

 

Lexington, KY

 

 

—

 

 

 

 

694

 

 

 

6,242

 

 

 

—

 

 

 

5,719

 

 

 

694

 

 

 

11,961

 

 

 

12,655

 

 

 

(9,432

)

 

 

3,223

 

 

1989

 

1994

MAA Village

 

Lexington, KY

 

 

—

 

 

 

 

900

 

 

 

8,097

 

 

 

—

 

 

 

6,807

 

 

 

900

 

 

 

14,904

 

 

 

15,804

 

 

 

(11,938

)

 

 

3,866

 

 

1989

 

1994

MAA Westport

 

Louisville, KY

 

 

—

 

 

 

 

1,169

 

 

 

10,518

 

 

 

—

 

 

 

14,139

 

 

 

1,169

 

 

 

24,657

 

 

 

25,826

 

 

 

(18,532

)

 

 

7,294

 

 

1985

 

1994

Market Station

 

Kansas City, MO

 

 

—

 

 

 

 

5,814

 

 

 

46,241

 

 

 

—

 

 

 

7,430

 

 

 

5,814

 

 

 

53,671

 

 

 

59,485

 

 

 

(21,909

)

 

 

37,576

 

 

2010

 

2012

Denton

 

Kansas City, MO

 

 

—

 

 

 

 

5,520

 

 

 

50,939

 

 

 

—

 

 

 

31,390

 

 

 

5,520

 

 

 

82,329

 

 

 

87,849

 

 

 

(20,000

)

 

 

67,849

 

 

2013/14/17

 

2015

MAA Beaver Creek

 

Apex, NC

 

 

—

 

 

 

 

7,491

 

 

 

34,863

 

 

 

—

 

 

 

4,880

 

 

 

7,491

 

 

 

39,743

 

 

 

47,234

 

 

 

(17,433

)

 

 

29,801

 

 

2007

 

2013

MAA Hermitage

 

Cary, NC

 

 

—

 

 

 

 

896

 

 

 

8,099

 

 

 

—

 

 

 

6,657

 

 

 

896

 

 

 

14,756

 

 

 

15,652

 

 

 

(11,613

)

 

 

4,039

 

 

1988

 

1997

MAA 900 Waterford

 

Cary, NC

 

 

—

 

 

 

 

4,000

 

 

 

20,250

 

 

 

—

 

 

 

7,581

 

 

 

4,000

 

 

 

27,831

 

 

 

31,831

 

 

 

(16,727

)

 

 

15,104

 

 

1996

 

2005

MAA 1225

 

Charlotte, NC

 

 

—

 

 

 

 

9,612

 

 

 

22,342

 

 

 

—

 

 

 

37,138

 

 

 

9,612

 

 

 

59,480

 

 

 

69,092

 

 

 

(20,699

)

 

 

48,393

 

 

2010

 

2010

MAA Ayrsley

 

Charlotte, NC

 

 

—

 

 

 

 

2,481

 

 

 

52,119

 

 

 

—

 

 

 

21,885

 

 

 

2,481

 

 

 

74,004

 

 

 

76,485

 

 

 

(29,990

)

 

 

46,495

 

 

2008

 

2013

MAA Ballantyne

 

Charlotte, NC

 

 

—

 

 

 

 

16,216

 

 

 

44,817

 

 

 

—

 

 

 

7,203

 

 

 

16,216

 

 

 

52,020

 

 

 

68,236

 

 

 

(16,771

)

 

 

51,465

 

 

2004

 

2016

MAA Beverly Crest

 

Charlotte, NC

 

 

—

 

 

 

 

3,161

 

 

 

24,004

 

 

 

—

 

 

 

8,949

 

 

 

3,161

 

 

 

32,953

 

 

 

36,114

 

 

 

(13,367

)

 

 

22,747

 

 

1996

 

2013

MAA Chancellor Park

 

Charlotte, NC

 

 

—

 

 

 

 

5,311

 

 

 

28,016

 

 

 

—

 

 

 

9,299

 

 

 

5,311

 

 

 

37,315

 

 

 

42,626

 

 

 

(16,200

)

 

 

26,426

 

 

1999

 

2013

MAA City Grand

 

Charlotte, NC

 

 

—

 

 

 

 

1,620

 

 

 

17,499

 

 

 

—

 

 

 

3,168

 

 

 

1,620

 

 

 

20,667

 

 

 

22,287

 

 

 

(8,643

)

 

 

13,644

 

 

2005

 

2013

MAA Enclave

 

Charlotte, NC

 

 

—

 

 

 

 

1,461

 

 

 

18,984

 

 

 

—

 

 

 

3,840

 

 

 

1,461

 

 

 

22,824

 

 

 

24,285

 

 

 

(9,138

)

 

 

15,147

 

 

2008

 

2013

MAA Gateway

 

Charlotte, NC

 

 

—

 

 

 

 

17,528

 

 

 

57,444

 

 

 

—

 

 

 

18,786

 

 

 

17,528

 

 

 

76,230

 

 

 

93,758

 

 

 

(24,251

)

 

 

69,507

 

 

2000

 

2016

MAA Legacy Park

 

Charlotte, NC

 

 

—

 

 

 

 

2,891

 

 

 

28,272

 

 

 

—

 

 

 

6,294

 

 

 

2,891

 

 

 

34,566

 

 

 

37,457

 

 

 

(15,311

)

 

 

22,146

 

 

2001

 

2013

MAA LoSo

 

Charlotte, NC

 

 

—

 

 

 

 

14,600

 

 

 

108,076

 

 

 

—

 

 

 

17,905

 

 

 

14,600

 

 

 

125,981

 

 

 

140,581

 

 

 

(8,371

)

 

 

132,210

 

 

2021

 

2022

MAA Prosperity Creek

 

Charlotte, NC

 

 

—

 

 

 

 

4,591

 

 

 

27,713

 

 

 

—

 

 

 

4,546

 

 

 

4,591

 

 

 

32,259

 

 

 

36,850

 

 

 

(14,823

)

 

 

22,027

 

 

2005

 

2013

MAA Reserve

 

Charlotte, NC

 

 

—

 

 

 

 

4,628

 

 

 

44,282

 

 

 

—

 

 

 

15,481

 

 

 

4,628

 

 

 

59,763

 

 

 

64,391

 

 

 

(16,714

)

 

 

47,677

 

 

2013

 

2013

MAA South Line

 

Charlotte, NC

 

 

—

 

 

 

 

18,835

 

 

 

58,795

 

 

 

—

 

 

 

8,577

 

 

 

18,835

 

 

 

67,372

 

 

 

86,207

 

 

 

(19,807

)

 

 

66,400

 

 

2009

 

2016

MAA South Park

 

Charlotte, NC

 

 

—

 

 

 

 

20,869

 

 

 

65,517

 

 

 

—

 

 

 

13,428

 

 

 

20,869

 

 

 

78,945

 

 

 

99,814

 

 

 

(25,528

)

 

 

74,286

 

 

1996

 

2016

MAA University Lake

 

Charlotte, NC

 

 

—

 

 

 

 

3,250

 

 

 

31,389

 

 

 

—

 

 

 

7,939

 

 

 

3,250

 

 

 

39,328

 

 

 

42,578

 

 

 

(18,166

)

 

 

24,412

 

 

1998

 

2013

MAA Uptown

 

Charlotte, NC

 

 

—

 

 

 

 

10,888

 

 

 

30,078

 

 

 

—

 

 

 

11,118

 

 

 

10,888

 

 

 

41,196

 

 

 

52,084

 

 

 

(12,372

)

 

 

39,712

 

 

2000

 

2016

MAA Optimist Park

 

Charlotte, NC

 

 

—

 

 

 

 

10,574

 

 

 

95,346

 

 

 

—

 

 

 

1,088

 

 

 

10,574

 

 

 

96,434

 

 

 

107,008

 

 

 

(4,122

)

 

 

102,886

 

 

2023

 

2023

MAA Cornelius

 

Cornelius, NC

 

 

—

 

 

 

 

4,571

 

 

 

29,151

 

 

 

—

 

 

 

4,418

 

 

 

4,571

 

 

 

33,569

 

 

 

38,140

 

 

 

(15,399

)

 

 

22,741

 

 

2009

 

2013

MAA Patterson

 

Durham, NC

 

 

—

 

 

 

 

2,590

 

 

 

27,126

 

 

 

—

 

 

 

5,931

 

 

 

2,590

 

 

 

33,057

 

 

 

35,647

 

 

 

(14,648

)

 

 

20,999

 

 

1997

 

2013

MAA Research Park

 

Durham, NC

 

 

—

 

 

 

 

4,201

 

 

 

37,682

 

 

 

—

 

 

 

8,008

 

 

 

4,201

 

 

 

45,690

 

 

 

49,891

 

 

 

(20,501

)

 

 

29,390

 

 

2002

 

2013

MAA Duke Forest

 

Durham, NC

 

 

—

 

 

 

 

3,271

 

 

 

15,609

 

 

 

—

 

 

 

4,461

 

 

 

3,271

 

 

 

20,070

 

 

 

23,341

 

 

 

(9,908

)

 

 

13,433

 

 

1985

 

2013

MAA Huntersville

 

Huntersville, NC

 

 

—

 

 

 

 

4,251

 

 

 

31,948

 

 

 

—

 

 

 

5,960

 

 

 

4,251

 

 

 

37,908

 

 

 

42,159

 

 

 

(17,539

)

 

 

24,620

 

 

2008

 

2013

MAA Fifty-One

 

Matthews, NC

 

 

—

 

 

 

 

3,071

 

 

 

21,830

 

 

 

—

 

 

 

8,533

 

 

 

3,071

 

 

 

30,363

 

 

 

33,434

 

 

 

(14,966

)

 

 

18,468

 

 

2008

 

2013

MAA Matthews Commons

 

Matthews, NC

 

 

—

 

 

 

 

3,690

 

 

 

28,536

 

 

 

—

 

 

 

4,607

 

 

 

3,690

 

 

 

33,143

 

 

 

36,833

 

 

 

(14,715

)

 

 

22,118

 

 

2008

 

2013

 

 

 

 

 

 

 

 

 

 

Initial Cost

 

 

Costs Capitalized Subsequent
to Acquisition

 

 

Gross Amount carried as of
December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Property

 

Location

 

Encumbrances

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Total (3)

 

 

Accumulated
Depreciation (4)

 

 

Net

 

 

Date of
Construction

 

Date
Acquired

MAA Arringdon

 

Morrisville, NC

 

 

—

 

 

 

 

6,401

 

 

 

31,134

 

 

 

—

 

 

 

8,110

 

 

 

6,401

 

 

 

39,244

 

 

 

45,645

 

 

 

(17,163

)

 

 

28,482

 

 

2003

 

2013

MAA Brierdale

 

Raleigh, NC

 

 

—

 

 

 

 

7,372

 

 

 

50,202

 

 

 

—

 

 

 

5,082

 

 

 

7,372

 

 

 

55,284

 

 

 

62,656

 

 

 

(24,485

)

 

 

38,171

 

 

2010

 

2013

MAA Brier Falls

 

Raleigh, NC

 

 

—

 

 

 

 

6,572

 

 

 

48,910

 

 

 

—

 

 

 

5,047

 

 

 

6,572

 

 

 

53,957

 

 

 

60,529

 

 

 

(23,253

)

 

 

37,276

 

 

2008

 

2013

MAA Crabtree

 

Raleigh, NC

 

 

—

 

 

 

 

2,241

 

 

 

18,434

 

 

 

—

 

 

 

5,248

 

 

 

2,241

 

 

 

23,682

 

 

 

25,923

 

 

 

(9,929

)

 

 

15,994

 

 

1997

 

2013

MAA Trinity

 

Raleigh, NC

 

 

—

 

 

 

 

5,232

 

 

 

45,138

 

 

 

—

 

 

 

8,715

 

 

 

5,232

 

 

 

53,853

 

 

 

59,085

 

 

 

(24,556

)

 

 

34,529

 

 

2000/02

 

2013

MAA Hue

 

Raleigh, NC

 

 

—

 

 

 

 

3,690

 

 

 

29,910

 

 

 

—

 

 

 

5,481

 

 

 

3,690

 

 

 

35,391

 

 

 

39,081

 

 

 

(13,043

)

 

 

26,038

 

 

2009

 

2010

MAA Wade Park

 

Raleigh, NC

 

 

—

 

 

 

 

19,434

 

 

 

98,288

 

 

 

—

 

 

 

30,983

 

 

 

19,434

 

 

 

129,271

 

 

 

148,705

 

 

 

(43,025

)

 

 

105,680

 

 

2011/17/19

 

2016

MAA Preserve

 

Raleigh, NC

 

 

—

 

 

 

 

5,831

 

 

 

21,980

 

 

 

—

 

 

 

29,352

 

 

 

5,831

 

 

 

51,332

 

 

 

57,163

 

 

 

(27,977

)

 

 

29,186

 

 

2004

 

2006

MAA Providence

 

Raleigh, NC

 

 

—

 

 

 

 

4,695

 

 

 

29,007

 

 

 

—

 

 

 

3,921

 

 

 

4,695

 

 

 

32,928

 

 

 

37,623

 

 

 

(18,070

)

 

 

19,553

 

 

2007

 

2008

MAA Vale

 

Raleigh, NC

 

 

—

 

 

 

 

8,422

 

 

 

72,220

 

 

 

—

 

 

 

611

 

 

 

8,422

 

 

 

72,831

 

 

 

81,253

 

 

 

(1,884

)

 

 

79,369

 

 

2023

 

2024

Colonial Grand at Desert Vista

 

North Las Vegas, NV

 

 

—

 

 

 

 

4,091

 

 

 

29,826

 

 

 

—

 

 

 

3,980

 

 

 

4,091

 

 

 

33,806

 

 

 

37,897

 

 

 

(15,364

)

 

 

22,533

 

 

2009

 

2013

Colonial Grand at Palm Vista

 

North Las Vegas, NV

 

 

—

 

 

 

 

4,909

 

 

 

25,643

 

 

 

—

 

 

 

7,350

 

 

 

4,909

 

 

 

32,993

 

 

 

37,902

 

 

 

(15,557

)

 

 

22,345

 

 

2007

 

2013

MAA Tanglewood

 

Anderson, SC

 

 

—

 

 

 

 

427

 

 

 

3,853

 

 

 

—

 

 

 

5,073

 

 

 

427

 

 

 

8,926

 

 

 

9,353

 

 

 

(6,374

)

 

 

2,979

 

 

1980

 

1994

MAA 1201 Midtown

 

Charleston, SC

 

 

—

 

 

 

 

18,679

 

 

 

63,759

 

 

 

—

 

 

 

19,692

 

 

 

18,679

 

 

 

83,451

 

 

 

102,130

 

 

 

(18,876

)

 

 

83,254

 

 

2015/18

 

2016

MAA Cypress Cove

 

Charleston, SC

 

 

—

 

 

 

 

3,610

 

 

 

28,645

 

 

 

—

 

 

 

7,862

 

 

 

3,610

 

 

 

36,507

 

 

 

40,117

 

 

 

(15,426

)

 

 

24,691

 

 

2001

 

2013

MAA Hampton Pointe

 

Charleston, SC

 

 

—

 

 

 

 

3,971

 

 

 

22,790

 

 

 

—

 

 

 

12,855

 

 

 

3,971

 

 

 

35,645

 

 

 

39,616

 

 

 

(15,334

)

 

 

24,282

 

 

1986

 

2013

MAA Westchase

 

Charleston, SC

 

 

—

 

 

 

 

4,571

 

 

 

20,091

 

 

 

—

 

 

 

8,533

 

 

 

4,571

 

 

 

28,624

 

 

 

33,195

 

 

 

(13,492

)

 

 

19,703

 

 

1985

 

2013

MAA James Island

 

Charleston, SC

 

 

—

 

 

 

 

920

 

 

 

24,097

 

 

 

—

 

 

 

9,008

 

 

 

920

 

 

 

33,105

 

 

 

34,025

 

 

 

(14,590

)

 

 

19,435

 

 

1987

 

2013

MAA Rivers Walk

 

Charleston, SC

 

 

—

 

 

 

 

8,831

 

 

 

39,430

 

 

 

—

 

 

 

4,201

 

 

 

8,831

 

 

 

43,631

 

 

 

52,462

 

 

 

(12,051

)

 

 

40,411

 

 

2013/16

 

2013

Paddock Club Columbia

 

Columbia, SC

 

 

—

 

 

 

 

1,840

 

 

 

16,560

 

 

 

—

 

 

 

8,553

 

 

 

1,840

 

 

 

25,113

 

 

 

26,953

 

 

 

(19,631

)

 

 

7,322

 

 

1991

 

1997

Fairways

 

Columbia, SC

 

 

—

 

 

 

 

910

 

 

 

8,207

 

 

 

—

 

 

 

3,693

 

 

 

910

 

 

 

11,900

 

 

 

12,810

 

 

 

(10,586

)

 

 

2,224

 

 

1992

 

1994

MAA Crowfield

 

Goose Creek, SC

 

 

—

 

 

 

 

1,321

 

 

 

14,163

 

 

 

—

 

 

 

6,403

 

 

 

1,321

 

 

 

20,566

 

 

 

21,887

 

 

 

(9,755

)

 

 

12,132

 

 

1985

 

2013

MAA Highland Ridge

 

Greenville, SC

 

 

—

 

 

 

 

482

 

 

 

4,337

 

 

 

—

 

 

 

4,013

 

 

 

482

 

 

 

8,350

 

 

 

8,832

 

 

 

(6,285

)

 

 

2,547

 

 

1984

 

1995

MAA Howell Commons

 

Greenville, SC

 

 

—

 

 

 

 

1,304

 

 

 

11,740

 

 

 

—

 

 

 

7,120

 

 

 

1,304

 

 

 

18,860

 

 

 

20,164

 

 

 

(14,543

)

 

 

5,621

 

 

1987

 

1997

MAA Innovation

 

Greenville, SC

 

 

—

 

 

 

 

4,437

 

 

 

52,026

 

 

 

—

 

 

 

3,734

 

 

 

4,437

 

 

 

55,760

 

 

 

60,197

 

 

 

(15,800

)

 

 

44,397

 

 

2015

 

2016

MAA Paddock Club

 

Greenville, SC

 

 

—

 

 

 

 

1,200

 

 

 

10,800

 

 

 

—

 

 

 

4,725

 

 

 

1,200

 

 

 

15,525

 

 

 

16,725

 

 

 

(12,244

)

 

 

4,481

 

 

1996

 

1997

MAA Haywood

 

Greenville, SC

 

 

—

 

 

 

 

360

 

 

 

2,925

 

 

 

—

 

 

 

6,667

 

 

 

360

 

 

 

9,592

 

 

 

9,952

 

 

 

(7,215

)

 

 

2,737

 

 

1983

 

1993

MAA Spring Creek

 

Greenville, SC

 

 

—

 

 

 

 

583

 

 

 

5,374

 

 

 

—

 

 

 

5,012

 

 

 

583

 

 

 

10,386

 

 

 

10,969

 

 

 

(7,757

)

 

 

3,212

 

 

1985

 

1995

MAA Greene

 

Greenville, SC

 

 

—

 

 

 

 

5,427

 

 

 

66,546

 

 

 

—

 

 

 

3,936

 

 

 

5,427

 

 

 

70,482

 

 

 

75,909

 

 

 

(10,250

)

 

 

65,659

 

 

2019

 

2019

MAA Runaway Bay

 

Mt. Pleasant, SC

 

 

—

 

 

 

 

1,096

 

 

 

7,269

 

 

 

—

 

 

 

12,199

 

 

 

1,096

 

 

 

19,468

 

 

 

20,564

 

 

 

(12,863

)

 

 

7,701

 

 

1988

 

1995

MAA Commerce Park

 

North Charleston, SC

 

 

—

 

 

 

 

2,780

 

 

 

33,966

 

 

 

—

 

 

 

7,136

 

 

 

2,780

 

 

 

41,102

 

 

 

43,882

 

 

 

(18,118

)

 

 

25,764

 

 

2008

 

2013

MAA Point Place

 

Simpsonville, SC

 

 

—

 

 

 

 

1,216

 

 

 

18,666

 

 

 

—

 

 

 

3,590

 

 

 

1,216

 

 

 

22,256

 

 

 

23,472

 

 

 

(10,931

)

 

 

12,541

 

 

2008

 

2010

MAA Park Place

 

Spartanburg, SC

 

 

—

 

 

 

 

723

 

 

 

6,504

 

 

 

—

 

 

 

3,702

 

 

 

723

 

 

 

10,206

 

 

 

10,929

 

 

 

(8,162

)

 

 

2,767

 

 

1987

 

1997

MAA Waters Edge

 

Summerville, SC

 

 

—

 

 

 

 

2,103

 

 

 

9,187

 

 

 

—

 

 

 

7,427

 

 

 

2,103

 

 

 

16,614

 

 

 

18,717

 

 

 

(8,273

)

 

 

10,444

 

 

1985

 

2013

MAA Farm Springs

 

Summerville, SC

 

 

—

 

 

 

 

2,800

 

 

 

26,295

 

 

 

—

 

 

 

4,436

 

 

 

2,800

 

 

 

30,731

 

 

 

33,531

 

 

 

(17,745

)

 

 

15,786

 

 

2007

 

2007

MAA Hamilton

 

Chattanooga, TN

 

 

—

 

 

 

 

1,131

 

 

 

10,632

 

 

 

—

 

 

 

9,730

 

 

 

1,131

 

 

 

20,362

 

 

 

21,493

 

 

 

(11,697

)

 

 

9,796

 

 

1989

 

1992

MAA Heritage Park

 

Chattanooga, TN

 

 

—

 

 

 

 

972

 

 

 

8,954

 

 

 

—

 

 

 

9,187

 

 

 

972

 

 

 

18,141

 

 

 

19,113

 

 

 

(10,507

)

 

 

8,606

 

 

1987

 

1988

MAA Cloverdale

 

Chattanooga, TN

 

 

—

 

 

 

 

217

 

 

 

1,957

 

 

 

—

 

 

 

6,018

 

 

 

217

 

 

 

7,975

 

 

 

8,192

 

 

 

(5,057

)

 

 

3,135

 

 

1986

 

1991

MAA Windridge

 

Chattanooga, TN

 

 

—

 

 

 

 

817

 

 

 

7,416

 

 

 

—

 

 

 

6,362

 

 

 

817

 

 

 

13,778

 

 

 

14,595

 

 

 

(10,446

)

 

 

4,149

 

 

1984

 

1997

MAA Kirby Station

 

Memphis, TN

 

 

—

 

 

 

 

1,148

 

 

 

10,337

 

 

 

—

 

 

 

12,630

 

 

 

1,148

 

 

 

22,967

 

 

 

24,115

 

 

 

(18,104

)

 

 

6,011

 

 

1978

 

1994

MAA Southwind

 

Memphis, TN

 

 

—

 

 

 

 

1,498

 

 

 

20,483

 

 

 

—

 

 

 

21,213

 

 

 

1,498

 

 

 

41,696

 

 

 

43,194

 

 

 

(33,467

)

 

 

9,727

 

 

1992

 

1994

MAA Park Estate

 

Memphis, TN

 

 

—

 

 

 

 

178

 

 

 

1,141

 

 

 

—

 

 

 

4,338

 

 

 

178

 

 

 

5,479

 

 

 

5,657

 

 

 

(4,190

)

 

 

1,467

 

 

1974

 

1977

MAA Dexter Lake

 

Memphis, TN

 

 

—

 

 

 

 

3,407

 

 

 

16,043

 

 

 

—

 

 

 

53,194

 

 

 

3,407

 

 

 

69,237

 

 

 

72,644

 

 

 

(40,020

)

 

 

32,624

 

 

2000

 

1998

MAA Murfreesboro

 

Murfreesboro, TN

 

 

—

 

 

 

 

915

 

 

 

14,774

 

 

 

—

 

 

 

6,062

 

 

 

915

 

 

 

20,836

 

 

 

21,751

 

 

 

(13,052

)

 

 

8,699

 

 

1999

 

1998

MAA Acklen

 

Nashville, TN

 

 

—

 

 

 

 

12,761

 

 

 

58,906

 

 

 

—

 

 

 

3,755

 

 

 

12,761

 

 

 

62,661

 

 

 

75,422

 

 

 

(16,003

)

 

 

59,419

 

 

2015

 

2017

MAA Indian Lake

 

Nashville, TN

 

 

—

 

 

 

 

4,950

 

 

 

28,053

 

 

 

—

 

 

 

4,123

 

 

 

4,950

 

 

 

32,176

 

 

 

37,126

 

 

 

(14,623

)

 

 

22,503

 

 

2010

 

2011

MAA Kennesaw Farms

 

Nashville, TN

 

 

—

 

 

 

 

3,456

 

 

 

22,443

 

 

 

—

 

 

 

6,257

 

 

 

3,456

 

 

 

28,700

 

 

 

32,156

 

 

 

(13,834

)

 

 

18,322

 

 

2008

 

2010

MAA Brentwood

 

Nashville, TN

 

 

—

 

 

 

 

1,191

 

 

 

10,739

 

 

 

—

 

 

 

11,794

 

 

 

1,191

 

 

 

22,533

 

 

 

23,724

 

 

 

(16,929

)

 

 

6,795

 

 

1986

 

1994

MAA Charlotte Ave

 

Nashville, TN

 

 

—

 

 

 

 

7,898

 

 

 

54,480

 

 

 

—

 

 

 

3,586

 

 

 

7,898

 

 

 

58,066

 

 

 

65,964

 

 

 

(13,062

)

 

 

52,902

 

 

2016

 

2017

MAA Bellevue

 

Nashville, TN

 

 

—

 

 

 

 

17,193

 

 

 

64,196

 

 

 

—

 

 

 

10,735

 

 

 

17,193

 

 

 

74,931

 

 

 

92,124

 

 

 

(28,260

)

 

 

63,864

 

 

1996/ 2015

 

2013

MAA Nashville West

 

Nashville, TN

 

 

—

 

 

 

 

2,963

 

 

 

33,673

 

 

 

—

 

 

 

13,601

 

 

 

2,963

 

 

 

47,274

 

 

 

50,237

 

 

 

(27,904

)

 

 

22,333

 

 

2001

 

1998

MAA Monthaven Park

 

Nashville, TN

 

 

—

 

 

 

 

2,736

 

 

 

28,902

 

 

 

—

 

 

 

9,033

 

 

 

2,736

 

 

 

37,935

 

 

 

40,671

 

 

 

(25,405

)

 

 

15,266

 

 

2000

 

2004

MAA Park

 

Nashville, TN

 

 

—

 

 

 

 

1,524

 

 

 

14,800

 

 

 

—

 

 

 

10,757

 

 

 

1,524

 

 

 

25,557

 

 

 

27,081

 

 

 

(20,918

)

 

 

6,163

 

 

1987

 

1995

MAA Cool Springs

 

Nashville, TN

 

 

—

 

 

 

 

6,670

 

 

 

—

 

 

 

—

 

 

 

55,666

 

 

 

6,670

 

 

 

55,666

 

 

 

62,336

 

 

 

(18,360

)

 

 

43,976

 

 

2012

 

2010

MAA Sam Ridley

 

Nashville, TN

 

 

—

 

 

 

 

3,350

 

 

 

28,308

 

 

 

—

 

 

 

6,984

 

 

 

3,350

 

 

 

35,292

 

 

 

38,642

 

 

 

(17,130

)

 

 

21,512

 

 

2009

 

2010

MAA Balcones Woods

 

Austin, TX

 

 

—

 

 

 

 

1,598

 

 

 

14,398

 

 

 

—

 

 

 

14,701

 

 

 

1,598

 

 

 

29,099

 

 

 

30,697

 

 

 

(19,488

)

 

 

11,209

 

 

1983

 

1997

MAA Canyon Creek

 

Austin, TX

 

 

—

 

 

 

 

3,621

 

 

 

32,137

 

 

 

—

 

 

 

4,877

 

 

 

3,621

 

 

 

37,014

 

 

 

40,635

 

 

 

(16,491

)

 

 

24,144

 

 

2008

 

2013

MAA Canyon Pointe

 

Austin, TX

 

 

—

 

 

 

 

3,778

 

 

 

20,201

 

 

 

—

 

 

 

5,501

 

 

 

3,778

 

 

 

25,702

 

 

 

29,480

 

 

 

(12,200

)

 

 

17,280

 

 

2003

 

2013

MAA Double Creek

 

Austin, TX

 

 

—

 

 

 

 

3,131

 

 

 

29,375

 

 

 

—

 

 

 

3,375

 

 

 

3,131

 

 

 

32,750

 

 

 

35,881

 

 

 

(14,734

)

 

 

21,147

 

 

2013

 

2013

MAA Onion Creek

 

Austin, TX

 

 

—

 

 

 

 

4,902

 

 

 

33,010

 

 

 

—

 

 

 

5,378

 

 

 

4,902

 

 

 

38,388

 

 

 

43,290

 

 

 

(17,693

)

 

 

25,597

 

 

2009

 

2013

MAA Wells Branch

 

Austin, TX

 

 

—

 

(1)

 

 

3,722

 

 

 

32,283

 

 

 

—

 

 

 

4,973

 

 

 

3,722

 

 

 

37,256

 

 

 

40,978

 

 

 

(16,156

)

 

 

24,822

 

 

2008

 

2013

MAA Quarry Oaks

 

Austin, TX

 

 

—

 

 

 

 

4,621

 

 

 

34,461

 

 

 

—

 

 

 

16,062

 

 

 

4,621

 

 

 

50,523

 

 

 

55,144

 

 

 

(20,517

)

 

 

34,627

 

 

1996

 

2013

MAA Sunset Valley

 

Austin, TX

 

 

—

 

 

 

 

3,150

 

 

 

11,393

 

 

 

—

 

 

 

7,336

 

 

 

3,150

 

 

 

18,729

 

 

 

21,879

 

 

 

(11,160

)

 

 

10,719

 

 

1996

 

2004

MAA Western Oaks

 

Austin, TX

 

 

—

 

(2)

 

 

9,100

 

 

 

49,339

 

 

 

—

 

 

 

6,434

 

 

 

9,100

 

 

 

55,773

 

 

 

64,873

 

 

 

(24,208

)

 

 

40,665

 

 

2001

 

2009

MAA Barton Creek

 

Austin, TX

 

 

—

 

 

 

 

8,683

 

 

 

21,497

 

 

 

—

 

 

 

5,804

 

 

 

8,683

 

 

 

27,301

 

 

 

35,984

 

 

 

(9,008

)

 

 

26,976

 

 

1998

 

2016

MAA Park Mesa

 

Austin, TX

 

 

—

 

 

 

 

4,653

 

 

 

19,828

 

 

 

—

 

 

 

3,312

 

 

 

4,653

 

 

 

23,140

 

 

 

27,793

 

 

 

(7,242

)

 

 

20,551

 

 

1992

 

2016

MAA South Lamar

 

Austin, TX

 

 

—

 

 

 

 

20,542

 

 

 

74,093

 

 

 

—

 

 

 

31,288

 

 

 

20,542

 

 

 

105,381

 

 

 

125,923

 

 

 

(30,678

)

 

 

95,245

 

 

2011/17

 

2016

MAA West Austin

 

Austin, TX

 

 

—

 

(1)

 

 

7,805

 

 

 

48,843

 

 

 

—

 

 

 

6,892

 

 

 

7,805

 

 

 

55,735

 

 

 

63,540

 

 

 

(20,429

)

 

 

43,111

 

 

2009

 

2016

MAA Brushy Creek

 

Austin, TX

 

 

—

 

 

 

 

2,900

 

 

 

24,009

 

 

 

—

 

 

 

7,629

 

 

 

2,900

 

 

 

31,638

 

 

 

34,538

 

 

 

(19,151

)

 

 

15,387

 

 

2003

 

2006

MAA East Austin

 

Austin, TX

 

 

—

 

 

 

 

2,281

 

 

 

6,169

 

 

 

—

 

 

 

17,259

 

 

 

2,281

 

 

 

23,428

 

 

 

25,709

 

 

 

(12,951

)

 

 

12,758

 

 

1987

 

1995

MAA Barton Skyway

 

Austin, TX

 

 

—

 

 

 

 

1,405

 

 

 

12,769

 

 

 

—

 

 

 

14,024

 

 

 

1,405

 

 

 

26,793

 

 

 

28,198

 

 

 

(16,543

)

 

 

11,655

 

 

1977

 

1997

MAA Windmill Hill

 

Austin, TX

 

 

—

 

 

 

 

5,006

 

 

 

—

 

 

 

—

 

 

 

54,931

 

 

 

5,006

 

 

 

54,931

 

 

 

59,937

 

 

 

(7,604

)

 

 

52,333

 

 

2022

 

2020

MAA Shoal Creek

 

Bedford, TX

 

 

—

 

 

 

 

4,982

 

 

 

27,377

 

 

 

—

 

 

 

10,173

 

 

 

4,982

 

 

 

37,550

 

 

 

42,532

 

 

 

(16,526

)

 

 

26,006

 

 

1996

 

2013

 

 

 

 

 

 

 

 

 

 

Initial Cost

 

 

Costs Capitalized Subsequent
to Acquisition

 

 

Gross Amount carried as of
December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Property

 

Location

 

Encumbrances

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Total (3)

 

 

Accumulated
Depreciation (4)

 

 

Net

 

 

Date of
Construction

 

Date
Acquired

MAA Willow Creek

 

Bedford, TX

 

 

—

 

 

 

 

3,109

 

 

 

33,488

 

 

 

—

 

 

 

14,038

 

 

 

3,109

 

 

 

47,526

 

 

 

50,635

 

 

 

(21,560

)

 

 

29,075

 

 

1996

 

2013

MAA Hebron

 

Carrollton, TX

 

 

—

 

 

 

 

4,231

 

 

 

42,237

 

 

 

—

 

 

 

4,166

 

 

 

4,231

 

 

 

46,403

 

 

 

50,634

 

 

 

(19,470

)

 

 

31,164

 

 

2011

 

2013

MAA Cedar Park

 

Cedar Park, TX

 

 

—

 

 

 

 

7,232

 

 

 

56,640

 

 

 

—

 

 

 

9,375

 

 

 

7,232

 

 

 

66,015

 

 

 

73,247

 

 

 

(28,949

)

 

 

44,298

 

 

2005

 

2013

MAA Grand Cypress

 

Cypress, TX

 

 

—

 

 

 

 

3,881

 

 

 

24,267

 

 

 

—

 

 

 

6,159

 

 

 

3,881

 

 

 

30,426

 

 

 

34,307

 

 

 

(10,864

)

 

 

23,443

 

 

2008

 

2013

MAA Medical District

 

Dallas, TX

 

 

—

 

 

 

 

4,050

 

 

 

33,779

 

 

 

—

 

 

 

6,302

 

 

 

4,050

 

 

 

40,081

 

 

 

44,131

 

 

 

(16,095

)

 

 

28,036

 

 

2007

 

2013

MAA Highlands North

 

Dallas, TX

 

 

—

 

 

 

 

988

 

 

 

8,893

 

 

 

—

 

 

 

6,995

 

 

 

988

 

 

 

15,888

 

 

 

16,876

 

 

 

(11,286

)

 

 

5,590

 

 

1986

 

1998

MAA Grand Courtyards

 

Dallas, TX

 

 

—

 

 

 

 

2,730

 

 

 

22,240

 

 

 

—

 

 

 

9,037

 

 

 

2,730

 

 

 

31,277

 

 

 

34,007

 

 

 

(17,980

)

 

 

16,027

 

 

2000

 

2006

MAA Lowes Farm

 

Dallas, TX

 

 

—

 

 

 

 

5,016

 

 

 

41,091

 

 

 

—

 

 

 

6,120

 

 

 

5,016

 

 

 

47,211

 

 

 

52,227

 

 

 

(20,923

)

 

 

31,304

 

 

2008

 

2011

MAA Frisco Bridges

 

Dallas, TX

 

 

—

 

 

 

 

14,845

 

 

 

66,571

 

 

 

—

 

 

 

67,555

 

 

 

14,845

 

 

 

134,126

 

 

 

148,971

 

 

 

(43,480

)

 

 

105,491

 

 

2009/13/21

 

2013

MAA McKinney Avenue

 

Dallas, TX

 

 

—

 

 

 

 

34,765

 

 

 

40,127

 

 

 

—

 

 

 

15,771

 

 

 

34,765

 

 

 

55,898

 

 

 

90,663

 

 

 

(18,862

)

 

 

71,801

 

 

1993/96

 

2016

MAA Worthington

 

Dallas, TX

 

 

—

 

 

 

 

13,713

 

 

 

43,268

 

 

 

—

 

 

 

13,443

 

 

 

13,713

 

 

 

56,711

 

 

 

70,424

 

 

 

(17,501

)

 

 

52,923

 

 

1993/2008

 

2016

MAA Abbey

 

Dallas, TX

 

 

—

 

 

 

 

2,711

 

 

 

4,369

 

 

 

—

 

 

 

1,469

 

 

 

2,711

 

 

 

5,838

 

 

 

8,549

 

 

 

(1,851

)

 

 

6,698

 

 

1996

 

2016

MAA Addison Circle

 

Dallas, TX

 

 

—

 

 

 

 

12,308

 

 

 

189,419

 

 

 

—

 

 

 

36,723

 

 

 

12,308

 

 

 

226,142

 

 

 

238,450

 

 

 

(72,484

)

 

 

165,966

 

 

1998-2000

 

2016

MAA North Hall

 

Dallas, TX

 

 

—

 

 

 

 

13,030

 

 

 

14,383

 

 

 

—

 

 

 

6,777

 

 

 

13,030

 

 

 

21,160

 

 

 

34,190

 

 

 

(7,365

)

 

 

26,825

 

 

1998

 

2016

MAA Eastside

 

Dallas, TX

 

 

—

 

 

 

 

7,134

 

 

 

58,095

 

 

 

—

 

 

 

7,129

 

 

 

7,134

 

 

 

65,224

 

 

 

72,358

 

 

 

(22,195

)

 

 

50,163

 

 

2008

 

2016

MAA Gallery

 

Dallas, TX

 

 

—

 

 

 

 

4,391

 

 

 

7,910

 

 

 

—

 

 

 

3,920

 

 

 

4,391

 

 

 

11,830

 

 

 

16,221

 

 

 

(3,961

)

 

 

12,260

 

 

1999

 

2016

MAA Heights

 

Dallas, TX

 

 

—

 

 

 

 

26,245

 

 

 

37,922

 

 

 

—

 

 

 

9,510

 

 

 

26,245

 

 

 

47,432

 

 

 

73,677

 

 

 

(15,170

)

 

 

58,507

 

 

1998-1999/2009

 

2016

MAA Katy Trail

 

Dallas, TX

 

 

—

 

 

 

 

10,333

 

 

 

32,456

 

 

 

—

 

 

 

3,735

 

 

 

10,333

 

 

 

36,191

 

 

 

46,524

 

 

 

(10,826

)

 

 

35,698

 

 

2010

 

2016

MAA Legacy

 

Dallas, TX

 

 

—

 

(1)

 

 

6,575

 

 

 

55,277

 

 

 

—

 

 

 

12,645

 

 

 

6,575

 

 

 

67,922

 

 

 

74,497

 

 

 

(20,518

)

 

 

53,979

 

 

2000

 

2016

MAA Meridian

 

Dallas, TX

 

 

—

 

 

 

 

8,780

 

 

 

13,654

 

 

 

—

 

 

 

2,403

 

 

 

8,780

 

 

 

16,057

 

 

 

24,837

 

 

 

(5,346

)

 

 

19,491

 

 

1991

 

2016

MAA Uptown Village

 

Dallas, TX

 

 

—

 

 

 

 

34,974

 

 

 

33,213

 

 

 

—

 

 

 

13,796

 

 

 

34,974

 

 

 

47,009

 

 

 

81,983

 

 

 

(16,180

)

 

 

65,803

 

 

1995-2000

 

2016

MAA Watermark

 

Dallas, TX

 

 

—

 

 

 

 

960

 

 

 

14,438

 

 

 

—

 

 

 

5,632

 

 

 

960

 

 

 

20,070

 

 

 

21,030

 

 

 

(12,445

)

 

 

8,585

 

 

2002

 

2004

MAA Cathedral Arts

 

Dallas, TX

 

 

—

 

 

 

 

13,511

 

 

 

91,568

 

 

 

—

 

 

 

65

 

 

 

13,511

 

 

 

91,633

 

 

 

105,144

 

 

 

(811

)

 

 

104,333

 

 

2024

 

2024

MAA Bear Creek

 

Euless, TX

 

 

—

 

 

 

 

6,453

 

 

 

30,048

 

 

 

—

 

 

 

9,706

 

 

 

6,453

 

 

 

39,754

 

 

 

46,207

 

 

 

(18,092

)

 

 

28,115

 

 

1998

 

2013

MAA Fairview

 

Fairview, TX

 

 

—

 

 

 

 

2,171

 

 

 

35,077

 

 

 

—

 

 

 

3,862

 

 

 

2,171

 

 

 

38,939

 

 

 

41,110

 

 

 

(15,934

)

 

 

25,176

 

 

2012

 

2013

MAA Starwood

 

Frisco, TX

 

 

—

 

 

 

 

3,240

 

 

 

26,069

 

 

 

—

 

 

 

4,420

 

 

 

3,240

 

 

 

30,489

 

 

 

33,729

 

 

 

(14,640

)

 

 

19,089

 

 

2009

 

2010

MAA Grapevine

 

Grapevine, TX

 

 

—

 

 

 

 

2,351

 

 

 

29,757

 

 

 

—

 

 

 

11,770

 

 

 

2,351

 

 

 

41,527

 

 

 

43,878

 

 

 

(17,838

)

 

 

26,040

 

 

1985/1986

 

2013

MAA Greenwood Forest

 

Houston, TX

 

 

—

 

 

 

 

3,465

 

 

 

23,482

 

 

 

—

 

 

 

5,676

 

 

 

3,465

 

 

 

29,158

 

 

 

32,623

 

 

 

(11,160

)

 

 

21,463

 

 

1994

 

2013

MAA Legacy Pines

 

Houston, TX

 

 

—

 

 

 

 

2,142

 

 

 

19,066

 

 

 

—

 

 

 

6,976

 

 

 

2,142

 

 

 

26,042

 

 

 

28,184

 

 

 

(17,263

)

 

 

10,921

 

 

1999

 

2003

MAA Energy Park

 

Houston, TX

 

 

—

 

 

 

 

2,061

 

 

 

15,830

 

 

 

—

 

 

 

6,925

 

 

 

2,061

 

 

 

22,755

 

 

 

24,816

 

 

 

(12,492

)

 

 

12,324

 

 

1996

 

2007

MAA 510

 

Houston, TX

 

 

—

 

 

 

 

7,226

 

 

 

33,366

 

 

 

—

 

 

 

3,602

 

 

 

7,226

 

 

 

36,968

 

 

 

44,194

 

 

 

(12,165

)

 

 

32,029

 

 

2014

 

2016

MAA Afton Oaks

 

Houston, TX

 

 

—

 

 

 

 

11,503

 

 

 

65,469

 

 

 

—

 

 

 

6,426

 

 

 

11,503

 

 

 

71,895

 

 

 

83,398

 

 

 

(24,671

)

 

 

58,727

 

 

2017

 

2016

MAA Midtown Square

 

Houston, TX

 

 

—

 

 

 

 

19,038

 

 

 

89,570

 

 

 

—

 

 

 

13,575

 

 

 

19,038

 

 

 

103,145

 

 

 

122,183

 

 

 

(33,806

)

 

 

88,377

 

 

1999/2013

 

2016

MAA Ranchstone

 

Houston, TX

 

 

—

 

 

 

 

1,480

 

 

 

14,807

 

 

 

—

 

 

 

6,278

 

 

 

1,480

 

 

 

21,085

 

 

 

22,565

 

 

 

(11,596

)

 

 

10,969

 

 

1996

 

2007

MAA Woodwind

 

Houston, TX

 

 

—

 

 

 

 

1,968

 

 

 

19,928

 

 

 

—

 

 

 

9,593

 

 

 

1,968

 

 

 

29,521

 

 

 

31,489

 

 

 

(16,110

)

 

 

15,379

 

 

1999

 

2006

MAA Vintage Park

 

Houston, TX

 

 

—

 

(1)

 

 

8,211

 

 

 

40,352

 

 

 

—

 

 

 

5,423

 

 

 

8,211

 

 

 

45,775

 

 

 

53,986

 

 

 

(12,279

)

 

 

41,707

 

 

2014

 

2014

MAA Greater Heights

 

Houston, TX

 

 

—

 

(2)

 

 

13,107

 

 

 

62,764

 

 

 

—

 

 

 

6,209

 

 

 

13,107

 

 

 

68,973

 

 

 

82,080

 

 

 

(16,359

)

 

 

65,721

 

 

2015

 

2016

MAA Park Point

 

Houston, TX

 

 

—

 

 

 

 

9,031

 

 

 

—

 

 

 

—

 

 

 

46,558

 

 

 

9,031

 

 

 

46,558

 

 

 

55,589

 

 

 

(8,169

)

 

 

47,420

 

 

2021

 

2018

MAA Fall Creek

 

Humble, TX

 

 

—

 

 

 

 

5,985

 

 

 

40,011

 

 

 

—

 

 

 

9,380

 

 

 

5,985

 

 

 

49,391

 

 

 

55,376

 

 

 

(26,311

)

 

 

29,065

 

 

2007

 

2007

MAA Bella Casita

 

Irving, TX

 

 

—

 

 

 

 

2,521

 

 

 

26,432

 

 

 

—

 

 

 

7,688

 

 

 

2,521

 

 

 

34,120

 

 

 

36,641

 

 

 

(15,421

)

 

 

21,220

 

 

2007

 

2010

MAA Valley Ranch

 

Irving, TX

 

 

—

 

 

 

 

5,072

 

 

 

37,397

 

 

 

—

 

 

 

17,777

 

 

 

5,072

 

 

 

55,174

 

 

 

60,246

 

 

 

(26,071

)

 

 

34,175

 

 

1997

 

2013

MAA Las Colinas

 

Irving, TX

 

 

—

 

(2)

 

 

3,902

 

 

 

40,691

 

 

 

—

 

 

 

6,158

 

 

 

3,902

 

 

 

46,849

 

 

 

50,751

 

 

 

(18,829

)

 

 

31,922

 

 

2006

 

2013

MAA Remington Hills

 

Irving, TX

 

 

—

 

 

 

 

4,390

 

 

 

21,822

 

 

 

—

 

 

 

20,653

 

 

 

4,390

 

 

 

42,475

 

 

 

46,865

 

 

 

(17,775

)

 

 

29,090

 

 

1984

 

2013

MAA Times Square

 

McKinney, TX

 

 

—

 

 

 

 

1,130

 

 

 

28,058

 

 

 

—

 

 

 

8,285

 

 

 

1,130

 

 

 

36,343

 

 

 

37,473

 

 

 

(17,581

)

 

 

19,892

 

 

2009

 

2010

MAA Stonebridge Ranch

 

McKinney, TX

 

 

—

 

 

 

 

4,034

 

 

 

19,528

 

 

 

—

 

 

 

6,872

 

 

 

4,034

 

 

 

26,400

 

 

 

30,434

 

 

 

(9,533

)

 

 

20,901

 

 

2000

 

2013

MAA Market Center

 

Plano, TX

 

 

—

 

 

 

 

16,894

 

 

 

110,705

 

 

 

—

 

 

 

10,200

 

 

 

16,894

 

 

 

120,905

 

 

 

137,799

 

 

 

(31,851

)

 

 

105,948

 

 

2013/15

 

2014

MAA Highwood

 

Plano, TX

 

 

—

 

 

 

 

864

 

 

 

7,783

 

 

 

—

 

 

 

5,459

 

 

 

864

 

 

 

13,242

 

 

 

14,106

 

 

 

(9,724

)

 

 

4,382

 

 

1983

 

1998

MAA Los Rios

 

Plano, TX

 

 

—

 

 

 

 

3,273

 

 

 

28,823

 

 

 

—

 

 

 

11,049

 

 

 

3,273

 

 

 

39,872

 

 

 

43,145

 

 

 

(26,330

)

 

 

16,815

 

 

2000

 

2003

MAA Boulder Ridge

 

Roanoke, TX

 

 

—

 

 

 

 

3,382

 

 

 

26,930

 

 

 

—

 

 

 

12,055

 

 

 

3,382

 

 

 

38,985

 

 

 

42,367

 

 

 

(22,973

)

 

 

19,394

 

 

1999

 

2005

MAA Copper Ridge

 

Roanoke, TX

 

 

—

 

 

 

 

4,166

 

 

 

—

 

 

 

—

 

 

 

50,133

 

 

 

4,166

 

 

 

50,133

 

 

 

54,299

 

 

 

(16,588

)

 

 

37,711

 

 

2009/20

 

2008

MAA Ashton Oaks

 

Round Rock, TX

 

 

—

 

 

 

 

5,511

 

 

 

36,241

 

 

 

—

 

 

 

5,623

 

 

 

5,511

 

 

 

41,864

 

 

 

47,375

 

 

 

(18,497

)

 

 

28,878

 

 

2009

 

2013

MAA Round Rock

 

Round Rock, TX

 

 

—

 

 

 

 

4,691

 

 

 

45,379

 

 

 

—

 

 

 

6,136

 

 

 

4,691

 

 

 

51,515

 

 

 

56,206

 

 

 

(22,249

)

 

 

33,957

 

 

1997

 

2013

MAA Sierra Vista

 

Round Rock, TX

 

 

—

 

 

 

 

2,561

 

 

 

16,488

 

 

 

—

 

 

 

6,997

 

 

 

2,561

 

 

 

23,485

 

 

 

26,046

 

 

 

(10,935

)

 

 

15,111

 

 

1999

 

2013

MAA Alamo Ranch

 

San Antonio, TX

 

 

—

 

 

 

 

2,380

 

 

 

26,982

 

 

 

—

 

 

 

5,389

 

 

 

2,380

 

 

 

32,371

 

 

 

34,751

 

 

 

(15,416

)

 

 

19,335

 

 

2009

 

2011

MAA Bulverde

 

San Antonio, TX

 

 

—

 

 

 

 

4,257

 

 

 

36,759

 

 

 

—

 

 

 

3,882

 

 

 

4,257

 

 

 

40,641

 

 

 

44,898

 

 

 

(11,326

)

 

 

33,572

 

 

2014

 

2014

MAA Haven at Blanco

 

San Antonio, TX

 

 

—

 

 

 

 

5,411

 

 

 

45,958

 

 

 

—

 

 

 

6,904

 

 

 

5,411

 

 

 

52,862

 

 

 

58,273

 

 

 

(22,626

)

 

 

35,647

 

 

2010

 

2012

MAA Westover Hills

 

San Antonio, TX

 

 

—

 

 

 

 

4,000

 

 

 

24,992

 

 

 

—

 

 

 

5,467

 

 

 

4,000

 

 

 

30,459

 

 

 

34,459

 

 

 

(15,538

)

 

 

18,921

 

 

2009

 

2009

MAA Cypresswood

 

Spring, TX

 

 

—

 

 

 

 

576

 

 

 

5,190

 

 

 

—

 

 

 

8,241

 

 

 

576

 

 

 

13,431

 

 

 

14,007

 

 

 

(8,153

)

 

 

5,854

 

 

1984

 

1994

MAA Kirkwood

 

Stafford, TX

 

 

—

 

 

 

 

1,918

 

 

 

15,846

 

 

 

—

 

 

 

7,443

 

 

 

1,918

 

 

 

23,289

 

 

 

25,207

 

 

 

(13,697

)

 

 

11,510

 

 

1996

 

2004

MAA Valleywood

 

Woodlands, TX

 

 

—

 

 

 

 

539

 

 

 

4,850

 

 

 

—

 

 

 

9,649

 

 

 

539

 

 

 

14,499

 

 

 

15,038

 

 

 

(7,911

)

 

 

7,127

 

 

1984

 

1994

Novel Daybreak

 

Salt Lake City, UT

 

 

—

 

 

 

 

7,025

 

 

 

—

 

 

 

—

 

 

 

88,069

 

 

 

7,025

 

 

 

88,069

 

 

 

95,094

 

 

 

(5,623

)

 

 

89,471

 

 

2021

 

2021

MAA Stonefield

 

Charlottesville, VA

 

 

—

 

 

 

 

11,044

 

 

 

36,689

 

 

 

—

 

 

 

3,143

 

 

 

11,044

 

 

 

39,832

 

 

 

50,876

 

 

 

(11,398

)

 

 

39,478

 

 

2013

 

2014

MAA Adalay Bay

 

Chesapeake, VA

 

 

—

 

 

 

 

5,280

 

 

 

31,341

 

 

 

—

 

 

 

5,321

 

 

 

5,280

 

 

 

36,662

 

 

 

41,942

 

 

 

(16,460

)

 

 

25,482

 

 

2002

 

2012

MAA Cobblestone Square

 

Fredericksburg, VA

 

 

—

 

 

 

 

10,990

 

 

 

48,696

 

 

 

—

 

 

 

5,589

 

 

 

10,990

 

 

 

54,285

 

 

 

65,275

 

 

 

(17,810

)

 

 

47,465

 

 

2012

 

2016

Colonial Village at Greenbrier

 

Fredericksburg, VA

 

 

—

 

 

 

 

4,842

 

 

 

21,677

 

 

 

—

 

 

 

7,407

 

 

 

4,842

 

 

 

29,084

 

 

 

33,926

 

 

 

(11,547

)

 

 

22,379

 

 

1980

 

2013

MAA Seasons

 

Fredericksburg, VA

 

 

—

 

 

 

 

14,490

 

 

 

32,083

 

 

 

—

 

 

 

44,717

 

 

 

14,490

 

 

 

76,800

 

 

 

91,290

 

 

 

(27,686

)

 

 

63,604

 

 

2011

 

2011

MAA Cosners Corner

 

Fredericksburg, VA

 

 

—

 

 

 

 

12,825

 

 

 

51,078

 

 

 

—

 

 

 

4,847

 

 

 

12,825

 

 

 

55,925

 

 

 

68,750

 

 

 

(15,984

)

 

 

52,766

 

 

2013/16

 

2013

MAA Glen Allen

 

Glen Allen, VA

 

 

—

 

 

 

 

4,851

 

 

 

21,678

 

 

 

—

 

 

 

5,524

 

 

 

4,851

 

 

 

27,202

 

 

 

32,053

 

 

 

(12,264

)

 

 

19,789

 

 

1986

 

2013

MAA West End

 

Glen Allen, VA

 

 

—

 

 

 

 

4,661

 

 

 

18,908

 

 

 

—

 

 

 

4,529

 

 

 

4,661

 

 

 

23,437

 

 

 

28,098

 

 

 

(10,374

)

 

 

17,724

 

 

1987

 

2013

MAA Township

 

Hampton, VA

 

 

—

 

 

 

 

1,509

 

 

 

8,189

 

 

 

—

 

 

 

16,753

 

 

 

1,509

 

 

 

24,942

 

 

 

26,451

 

 

 

(14,122

)

 

 

12,329

 

 

1987

 

1995

MAA Pavilion Place

 

Midlothian, VA

 

 

—

 

 

 

 

6,733

 

 

 

29,221

 

 

 

—

 

 

 

8,125

 

 

 

6,733

 

 

 

37,346

 

 

 

44,079

 

 

 

(16,866

)

 

 

27,213

 

 

1989

 

2013

MAA Radius

 

Newport News, VA

 

 

—

 

 

 

 

5,040

 

 

 

36,481

 

 

 

—

 

 

 

11,114

 

 

 

5,040

 

 

 

47,595

 

 

 

52,635

 

 

 

(13,124

)

 

 

39,511

 

 

2012

 

2015

MAA Chase Gayton

 

Richmond, VA

 

 

—

 

 

 

 

6,021

 

 

 

29,004

 

 

 

—

 

 

 

7,042

 

 

 

6,021

 

 

 

36,046

 

 

 

42,067

 

 

 

(15,779

)

 

 

26,288

 

 

1984

 

2013

 

 

 

 

 

 

 

 

 

 

Initial Cost

 

 

Costs Capitalized Subsequent
to Acquisition

 

 

Gross Amount carried as of
December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

Property

 

Location

 

Encumbrances

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Land

 

 

Buildings
and Fixtures

 

 

Total (3)

 

 

Accumulated
Depreciation (4)

 

 

Net

 

 

Date of
Construction

 

Date
Acquired

MAA Hunton Park

 

Richmond, VA

 

 

—

 

 

 

 

4,930

 

 

 

35,598

 

 

 

—

 

 

 

11,645

 

 

 

4,930

 

 

 

47,243

 

 

 

52,173

 

 

 

(20,196

)

 

 

31,977

 

 

2003

 

2011

MAA West Creek

 

Richmond, VA

 

 

—

 

 

 

 

10,112

 

 

 

36,136

 

 

 

—

 

 

 

16,917

 

 

 

10,112

 

 

 

53,053

 

 

 

63,165

 

 

 

(13,387

)

 

 

49,778

 

 

2015/17

 

2015

MAA Carlyle Square

 

Washington D.C.

 

 

—

 

 

 

 

29,728

 

 

 

154,309

 

 

 

—

 

 

 

7,407

 

 

 

29,728

 

 

 

161,716

 

 

 

191,444

 

 

 

(49,652

)

 

 

141,792

 

 

2006/2013

 

2016

MAA Centreville

 

Washington D.C.

 

 

—

 

 

 

 

7,664

 

 

 

70,012

 

 

 

—

 

 

 

7,993

 

 

 

7,664

 

 

 

78,005

 

 

 

85,669

 

 

 

(23,331

)

 

 

62,338

 

 

1996

 

2016

MAA Fallsgrove

 

Washington D.C.

 

 

—

 

 

 

 

17,524

 

 

 

58,896

 

 

 

—

 

 

 

8,276

 

 

 

17,524

 

 

 

67,172

 

 

 

84,696

 

 

 

(21,193

)

 

 

63,503

 

 

2003

 

2016

MAA National Landing

 

Washington D.C.

 

 

—

 

 

 

 

30,452

 

 

 

125,091

 

 

 

—

 

 

 

19,559

 

 

 

30,452

 

 

 

144,650

 

 

 

175,102

 

 

 

(46,342

)

 

 

128,760

 

 

2001

 

2016

MAA Tysons Corner

 

Washington D.C.

 

 

—

 

 

 

 

30,776

 

 

 

82,021

 

 

 

—

 

 

 

14,904

 

 

 

30,776

 

 

 

96,925

 

 

 

127,701

 

 

 

(29,597

)

 

 

98,104

 

 

1990

 

2016

Total Residential Properties

 

 

 

 

—

 

 

 

 

1,943,517

 

 

 

10,296,827

 

 

 

—

 

 

 

3,585,616

 

 

 

1,943,517

 

 

 

13,882,443

 

 

 

15,825,960

 

 

 

(5,254,832

)

 

 

10,571,128

 

 

 

 

 

MAA 220 Riverside Retail

 

Jacksonville, FL

 

 

—

 

 

 

 

119

 

 

 

2,902

 

 

 

—

 

 

 

1,080

 

 

 

119

 

 

 

3,982

 

 

 

4,101

 

 

 

(793

)

 

 

3,308

 

 

2015

 

2019

MAA Parkside Retail

 

Orlando, FL

 

 

—

 

 

 

 

742

 

 

 

11,924

 

 

 

—

 

 

 

1,802

 

 

 

742

 

 

 

13,726

 

 

 

14,468

 

 

 

(4,177

)

 

 

10,291

 

 

1999

 

2016

MAA Robinson Retail

 

Orlando, FL

 

 

—

 

 

 

 

—

 

 

 

563

 

 

 

—

 

 

 

251

 

 

 

—

 

 

 

814

 

 

 

814

 

 

 

(75

)

 

 

739

 

 

2021

 

2018

MAA Harbour Island Retail

 

Tampa, FL

 

 

—

 

 

 

 

386

 

 

 

4,315

 

 

 

—

 

 

 

442

 

 

 

386

 

 

 

4,757

 

 

 

5,143

 

 

 

(1,389

)

 

 

3,754

 

 

1997

 

2016

MAA Rocky Point Retail

 

Tampa, FL

 

 

—

 

 

 

 

34

 

 

 

51

 

 

 

—

 

 

 

451

 

 

 

34

 

 

 

502

 

 

 

536

 

 

 

(351

)

 

 

185

 

 

1994-1996

 

2016

MAA SoHo Square Retail

 

Tampa, FL

 

 

—

 

(1)

 

 

268

 

 

 

4,033

 

 

 

—

 

 

 

69

 

 

 

268

 

 

 

4,102

 

 

 

4,370

 

 

 

(1,762

)

 

 

2,608

 

 

2012

 

2016

MAA Buckhead Retail

 

Atlanta, GA

 

 

—

 

 

 

 

867

 

 

 

3,465

 

 

 

—

 

 

 

1,052

 

 

 

867

 

 

 

4,517

 

 

 

5,384

 

 

 

(1,762

)

 

 

3,622

 

 

2012

 

2012

MAA Piedmont Park Retail

 

Atlanta, GA

 

 

—

 

 

 

 

426

 

 

 

1,089

 

 

 

—

 

 

 

45

 

 

 

426

 

 

 

1,134

 

 

 

1,560

 

 

 

(347

)

 

 

1,213

 

 

1999

 

2016

MAA Riverside Office

 

Atlanta, GA

 

 

—

 

 

 

 

9,680

 

 

 

22,108

 

 

 

—

 

 

 

16,302

 

 

 

9,680

 

 

 

38,410

 

 

 

48,090

 

 

 

(12,624

)

 

 

35,466

 

 

1996

 

2016

MAA Riverside Retail

 

Atlanta, GA

 

 

—

 

 

 

 

889

 

 

 

2,340

 

 

 

—

 

 

 

2,855

 

 

 

889

 

 

 

5,195

 

 

 

6,084

 

 

 

(1,603

)

 

 

4,481

 

 

1996

 

2016

Post Training Facility

 

Atlanta, GA

 

 

—

 

 

 

 

1,092

 

 

 

968

 

 

 

—

 

 

 

243

 

 

 

1,092

 

 

 

1,211

 

 

 

2,303

 

 

 

(647

)

 

 

1,656

 

 

1999

 

2016

MAA West Village Retail

 

Smyrna, GA

 

 

—

 

 

 

 

3,408

 

 

 

8,446

 

 

 

—

 

 

 

2,360

 

 

 

3,408

 

 

 

10,806

 

 

 

14,214

 

 

 

(3,665

)

 

 

10,549

 

 

2012

 

2014

MAA Denton Pointe Retail

 

Kansas City, MO

 

 

—

 

 

 

 

700

 

 

 

4,439

 

 

 

—

 

 

 

1,700

 

 

 

700

 

 

 

6,139

 

 

 

6,839

 

 

 

(1,677

)

 

 

5,162

 

 

2014

 

2015

MAA 1225 Retail

 

Charlotte, NC

 

 

—

 

 

 

 

52

 

 

 

199

 

 

 

—

 

 

 

267

 

 

 

52

 

 

 

466

 

 

 

518

 

 

 

(227

)

 

 

291

 

 

2010

 

2010

MAA Gateway Retail

 

Charlotte, NC

 

 

—

 

 

 

 

318

 

 

 

1,430

 

 

 

—

 

 

 

104

 

 

 

318

 

 

 

1,534

 

 

 

1,852

 

 

 

(474

)

 

 

1,378

 

 

2000

 

2016

MAA South Line Retail

 

Charlotte, NC

 

 

—

 

 

 

 

470

 

 

 

1,289

 

 

 

—

 

 

 

317

 

 

 

470

 

 

 

1,606

 

 

 

2,076

 

 

 

(486

)

 

 

1,590

 

 

2009

 

2016

MAA Uptown Retail

 

Charlotte, NC

 

 

—

 

 

 

 

319

 

 

 

1,144

 

 

 

—

 

 

 

26

 

 

 

319

 

 

 

1,170

 

 

 

1,489

 

 

 

(356

)

 

 

1,133

 

 

1998

 

2016

MAA Leasing Center

 

Charlotte, NC

 

 

—

 

 

 

 

1,290

 

 

 

1,488

 

 

 

—

 

 

 

542

 

 

 

1,290

 

 

 

2,030

 

 

 

3,320

 

 

 

(541

)

 

 

2,779

 

 

1998

 

2016

MAA Hue Retail

 

Raleigh, NC

 

 

—

 

 

 

 

—

 

 

 

2,129

 

 

 

—

 

 

 

144

 

 

 

—

 

 

 

2,273

 

 

 

2,273

 

 

 

(495

)

 

 

1,778

 

 

2010

 

2018

MAA Wade Park Retail

 

Raleigh, NC

 

 

—

 

 

 

 

317

 

 

 

4,552

 

 

 

—

 

 

 

217

 

 

 

317

 

 

 

4,769

 

 

 

5,086

 

 

 

(1,888

)

 

 

3,198

 

 

2011

 

2016

MAA South Lamar Retail

 

Austin, TX

 

 

—

 

 

 

 

421

 

 

 

3,072

 

 

 

—

 

 

 

768

 

 

 

421

 

 

 

3,840

 

 

 

4,261

 

 

 

(1,108

)

 

 

3,153

 

 

2011

 

2016

MAA Frisco Bridges Retail

 

Dallas, TX

 

 

—

 

 

 

 

779

 

 

 

6,593

 

 

 

—

 

 

 

804

 

 

 

779

 

 

 

7,397

 

 

 

8,176

 

 

 

(2,471

)

 

 

5,705

 

 

2009

 

2016

MAA McKinney Avenue Retail

 

Dallas, TX

 

 

—

 

 

 

 

1,581

 

 

 

5,982

 

 

 

—

 

 

 

513

 

 

 

1,581

 

 

 

6,495

 

 

 

8,076

 

 

 

(1,933

)

 

 

6,143

 

 

1996

 

2016

MAA Worthington Retail

 

Dallas, TX

 

 

—

 

 

 

 

108

 

 

 

495

 

 

 

—

 

 

 

422

 

 

 

108

 

 

 

917

 

 

 

1,025

 

 

 

(309

)

 

 

716

 

 

1993/2008

 

2016

MAA Addison Circle Office

 

Dallas, TX

 

 

—

 

 

 

 

1,395

 

 

 

4,280

 

 

 

—

 

 

 

3,193

 

 

 

1,395

 

 

 

7,473

 

 

 

8,868

 

 

 

(2,312

)

 

 

6,556

 

 

1998-2000

 

2016

MAA Addison Circle Retail

 

Dallas, TX

 

 

—

 

 

 

 

448

 

 

 

21,386

 

 

 

—

 

 

 

3,915

 

 

 

448

 

 

 

25,301

 

 

 

25,749

 

 

 

(8,069

)

 

 

17,680

 

 

1998-2000

 

2016

MAA North Hall Retail

 

Dallas, TX

 

 

—

 

 

 

 

347

 

 

 

716

 

 

 

—

 

 

 

141

 

 

 

347

 

 

 

857

 

 

 

1,204

 

 

 

(309

)

 

 

895

 

 

1998

 

2016

MAA Eastside Retail

 

Dallas, TX

 

 

—

 

 

 

 

682

 

 

 

10,645

 

 

 

—

 

 

 

1,016

 

 

 

682

 

 

 

11,661

 

 

 

12,343

 

 

 

(3,480

)

 

 

8,863

 

 

2008

 

2016

MAA Heights Retail

 

Dallas, TX

 

 

—

 

 

 

 

1,065

 

 

 

3,314

 

 

 

—

 

 

 

995

 

 

 

1,065

 

 

 

4,309

 

 

 

5,374

 

 

 

(1,273

)

 

 

4,101

 

 

1997

 

2016

MAA Katy Trail Retail

 

Dallas, TX

 

 

—

 

 

 

 

465

 

 

 

4,883

 

 

 

—

 

 

 

241

 

 

 

465

 

 

 

5,124

 

 

 

5,589

 

 

 

(1,455

)

 

 

4,134

 

 

2010

 

2016

MAA Legacy Retail

 

Dallas, TX

 

 

—

 

(1)

 

 

150

 

 

 

3,334

 

 

 

—

 

 

 

582

 

 

 

150

 

 

 

3,916

 

 

 

4,066

 

 

 

(1,139

)

 

 

2,927

 

 

2000

 

2016

MAA Midtown Square Retail

 

Houston, TX

 

 

—

 

 

 

 

1,322

 

 

 

16,005

 

 

 

—

 

 

 

993

 

 

 

1,322

 

 

 

16,998

 

 

 

18,320

 

 

 

(5,078

)

 

 

13,242

 

 

1999/2013

 

2016

Rise Condo Devel LP Retail

 

Houston, TX

 

 

—

 

 

 

 

—

 

 

 

2,280

 

 

 

—

 

 

 

68

 

 

 

—

 

 

 

2,348

 

 

 

2,348

 

 

 

(719

)

 

 

1,629

 

 

1999/2013

 

2016

MAA Bella Casita Retail

 

Irving, TX

 

 

—

 

 

 

 

46

 

 

 

186

 

 

 

—

 

 

 

221

 

 

 

46

 

 

 

407

 

 

 

453

 

 

 

(189

)

 

 

264

 

 

2007

 

2010

MAA Times Square Retail

 

McKinney, TX

 

 

—

 

 

 

 

253

 

 

 

1,310

 

 

 

—

 

 

 

6,483

 

 

 

253

 

 

 

7,793

 

 

 

8,046

 

 

 

(2,089

)

 

 

5,957

 

 

2009

 

2010

MAA Carlyle Square Retail

 

Washington D.C.

 

 

—

 

 

 

 

1,048

 

 

 

7,930

 

 

 

—

 

 

 

360

 

 

 

1,048

 

 

 

8,290

 

 

 

9,338

 

 

 

(2,472

)

 

 

6,866

 

 

2006/2016

 

2016

Total Retail / Commercial Properties

 

 

 

 

—

 

 

 

 

31,487

 

 

 

171,285

 

 

 

—

 

 

 

50,984

 

 

 

31,487

 

 

 

222,269

 

 

 

253,756

 

 

 

(69,744

)

 

 

184,012

 

 

 

 

 

MAA Milepost 35

 

Denver, CO

 

 

—

 

 

 

 

22,280

 

 

 

—

 

 

 

—

 

 

 

116,396

 

 

 

22,280

 

 

 

116,396

 

 

 

138,676

 

 

 

(2,219

)

 

 

136,457

 

 

N/A

 

2022

MAA Nixie

 

Raleigh, NC

 

 

—

 

 

 

 

15,328

 

 

 

—

 

 

 

—

 

 

 

119,005

 

 

 

15,328

 

 

 

119,005

 

 

 

134,333

 

 

 

(261

)

 

 

134,072

 

 

N/A

 

2022

MAA Breakwater

 

Tampa, FL

 

 

—

 

 

 

 

23,514

 

 

 

—

 

 

 

—

 

 

 

133,040

 

 

 

23,514

 

 

 

133,040

 

 

 

156,554

 

 

 

—

 

 

 

156,554

 

 

N/A

 

2022

Modera Liberty Row

 

Charlotte, NC

 

 

—

 

 

 

 

14,579

 

 

 

60,473

 

 

 

—

 

 

 

25,440

 

 

 

14,579

 

 

 

85,913

 

 

 

100,492

 

 

 

—

 

 

 

100,492

 

 

N/A

 

2024

MAA Plaza Midwood

 

Charlotte, NC

 

 

—

 

 

 

 

9,778

 

 

 

—

 

 

 

—

 

 

 

19,328

 

 

 

9,778

 

 

 

19,328

 

 

 

29,106

 

 

 

—

 

 

 

29,106

 

 

N/A

 

2022

Modera Chandler

 

Phoenix, AZ

 

 

—

 

 

 

 

10,935

 

 

 

—

 

 

 

—

 

 

 

23,134

 

 

 

10,935

 

 

 

23,134

 

 

 

34,069

 

 

 

—

 

 

 

34,069

 

 

N/A

 

2024

MAA Porter

 

Richmond, VA

 

 

—

 

 

 

 

11,504

 

 

 

—

 

 

 

—

 

 

 

4,490

 

 

 

11,504

 

 

 

4,490

 

 

 

15,994

 

 

 

—

 

 

 

15,994

 

 

N/A

 

2024

Total Active Development Properties

 

 

 

 

—

 

 

 

 

107,918

 

 

 

60,473

 

 

 

—

 

 

 

440,833

 

 

 

107,918

 

 

 

501,306

 

 

 

609,224

 

 

 

(2,480

)

 

 

606,744

 

 

 

 

 

Total Properties

 

 

 

 

—

 

 

 

 

2,082,922

 

 

 

10,528,585

 

 

 

—

 

 

 

4,077,433

 

 

 

2,082,922

 

 

 

14,606,018

 

 

 

16,688,940

 

 

 

(5,327,056

)

 

 

11,361,884

 

 

 

 

 

Total Land Held for Future Developments

 

 

 

 

—

 

 

 

 

73,359

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

73,359

 

 

 

—

 

 

 

73,359

 

 

 

—

 

 

 

73,359

 

 

N/A

 

Various

Total Properties in Predevelopment

 

 

 

 

—

 

 

 

 

16,738

 

 

 

—

 

 

 

—

 

 

 

19,090

 

 

 

16,738

 

 

 

19,090

 

 

 

35,828

 

 

 

(93

)

 

 

35,735

 

 

N/A

 

Various

Corporate Properties

 

 

 

 

—

 

 

 

 

—

 

 

 

42,947

 

 

 

(2,748

)

 

 

(36,974

)

 

 

(2,748

)

 

 

5,973

 

 

 

3,225

 

 

 

(435

)

 

 

2,790

 

 

Various

 

Various

Total Other

 

 

 

 

—

 

 

 

 

90,097

 

 

 

42,947

 

 

 

(2,748

)

 

 

(17,884

)

 

 

87,349

 

 

 

25,063

 

 

 

112,412

 

 

 

(528

)

 

 

111,884

 

 

 

 

 

Total Real Estate Assets, net of Real Estate Joint Venture

 

 

 

$

—

 

 

 

$

2,173,019

 

 

$

10,571,532

 

 

$

(2,748

)

 

$

4,059,549

 

 

$

2,170,271

 

 

$

14,631,081

 

 

$

16,801,352

 

 

$

(5,327,584

)

 

$

11,473,768

 

 

 

 

 
(1)
Encumbered by a $191.3 million secured property mortgage, with a fixed interest rate of 4.43%, which matures on February 10, 2049.
(2)
Encumbered by a $172.0 million secured property mortgage, with a fixed interest rate of 4.44%, which matures on January 10, 2049.
(3)
The aggregate cost for federal income tax purposes was approximately $13.2 billion (unaudited) as of December 31, 2024. The aggregate cost for book purposes exceeds the total gross amount of real estate assets for federal income tax purposes, principally due to purchase accounting adjustments recorded under accounting principles generally accepted in the United States of America.
(4)
Depreciation is recognized on a straight-line basis over the estimated useful asset life, which ranges from five to 40 years for land improvements and buildings, three to five years for furniture, fixtures and equipment and approximately six months for the fair market value of in-place residential leases.

 

 

Mid-America Apartment Communities, Inc. and Mid-America Apartments, L.P.

Schedule III — Real Estate and Accumulated Depreciation

Years ended December 31, 2024, 2023 and 2022

The following table summarizes the Company’s changes in real estate investments and accumulated depreciation for the years ended December 31, 2024, 2023 and 2022 (dollars in thousands):

 

 

 

2024

 

 

2023

 

 

2022

 

Real estate investments:

 

 

 

 

 

 

 

 

 

Balance at beginning of year

 

$

16,006,618

 

 

$

15,246,658

 

 

$

14,704,237

 

Acquisitions (1)

 

 

377,144

 

 

 

223,735

 

 

 

272,342

 

Less: fair market value of leases included in acquisitions

 

 

(2,371

)

 

 

(2,050

)

 

 

(1,505

)

Improvement and development

 

 

581,050

 

 

 

546,237

 

 

 

469,661

 

Assets held for sale

 

 

(39,724

)

 

 

—

 

 

 

—

 

Disposition of real estate assets (2)

 

 

(121,365

)

 

 

(7,962

)

 

 

(198,077

)

Balance at end of year

 

$

16,801,352

 

 

$

16,006,618

 

 

$

15,246,658

 

Accumulated depreciation:

 

 

 

 

 

 

 

 

 

Balance at beginning of year

 

$

4,864,690

 

 

$

4,302,747

 

 

$

3,848,161

 

Depreciation

 

 

581,539

 

 

 

562,760

 

 

 

540,708

 

Assets held for sale

 

 

(30,218

)

 

 

—

 

 

 

—

 

Disposition of real estate assets (2)

 

 

(88,427

)

 

 

(817

)

 

 

(86,122

)

Balance at end of year

 

$

5,327,584

 

 

$

4,864,690

 

 

$

4,302,747

 
(1)
Includes non-cash activity related to acquisitions.
(2)
Includes assets sold, casualty losses and removal of certain fully depreciated assets.

See accompanying reports of independent registered public accounting firm.
v3.25.0.1
Organization and Summary of Significant Accounting Policies (Policies)
 12 Months Ended
Dec. 31, 2024
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. 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. MAALP is classified as a VIE because the limited partners lack substantive kick-out rights and substantive participating rights, and the Company has concluded it is the primary beneficiary of MAALP. 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, 2024, 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, 2024, the consolidated assets of the Company’s consolidated real estate entities with a noncontrolling interest were $432.2 million, and consolidated liabilities were $27.1 million after intercompany eliminations. 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 after intercompany eliminations. During the year ended December 31, 2023, the Company paid $15.8 million to acquire the noncontrolling interest of a consolidated real estate entity.

In July 2024, the Company agreed to finance substantially all of a third-party’s development of a 239-unit multifamily apartment community currently under construction located in Charlotte, North Carolina. The development was determined to be a VIE with the Company designated as the primary beneficiary, resulting in the consolidation of the development by the Company and the recognition of $11.2 million of gain on the consolidation of a third-party development included within “Other non-operating (income) expense” in the Consolidated Statements of Operations. The Company initially funded $70.5 million upon entering into the financing agreement. The initial and ongoing funding are included within “Development costs” in the Consolidated Statements of Cash Flows. This development is expected to deliver its first units in the third quarter of 2025, to be completed in the first quarter of 2026 and to reach stabilization in the fourth quarter of 2026 at a total cost of approximately $112 million. The Company has the option to purchase the development once it is stabilized.
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, 2024, 2023 and 2022 were $26.0 million, $20.6 million and $14.4 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 $1.0 million and $1.6 million as of December 31, 2024 and 2023, 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 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. Cash held for Section 1031(b) exchanges is 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, as well as 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 $41.7 million and $42.0 million as of December 31, 2024 and 2023, respectively, and is included in “Investment in real estate joint venture” in the accompanying Consolidated Balance Sheets.

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, 2024 and 2023, the Company’s investments in the limited partnerships were $62.2 million and $46.5 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, 2024, 2023 and 2022, the Company recognized $13.1 million of income, $1.6 million of income and $35.4 million of expense, respectively, from its investments in the limited partnerships. As of December 31, 2024, the Company was committed to make additional capital contributions totaling $30.6 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 have distributed publicly traded marketable equity securities to the Company and the other limited partners. During the year ended December 31, 2024, the Company did not receive any marketable equity securities. 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 realized and unrealized gains and losses, recognized in “Other non-operating (income) expense” in the accompanying Consolidated Statements of Operations. As of December 31, 2024 and 2023, the Company’s investment in the marketable equity securities was $3.3 million and $18.6 million, respectively. During the year ended December 31, 2024, the Company sold a portion of the marketable securities for net proceeds of $10.0 million and recognized a net realized gain on sale of $8.3 million. During the years ended December 31, 2024, 2023 and 2022, the Company recognized $5.3 million of unrealized losses, $2.9 million of unrealized gains and $10.0 million of unrealized losses, 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, 2024 and 2023 (dollars in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

Accrued dividends payable

 

$

181,738

 

 

$

176,162

 

Accrued real estate taxes

 

 

139,970

 

 

 

159,041

 

Unearned income

 

 

64,626

 

 

 

65,180

 

Accrued interest payable

 

 

35,125

 

 

 

21,941

 

Accrued capital improvements in progress

 

 

32,903

 

 

 

23,345

 

Security deposits

 

 

27,565

 

 

 

27,138

 

Accrued payroll

 

 

27,564

 

 

 

26,145

 

Right-of-use lease liabilities

 

 

26,091

 

 

 

27,344

 

General liability and workers compensation insurance

 

 

23,353

 

 

 

24,399

 

Accounts payable, accrued expenses and other

 

 

124,813

 

 

 

94,461

 

Total

 

$

683,748

 

 

$

645,156

 

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 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 $31.7 million, $26.6 million and $24.4 million for the years ended December 31, 2024, 2023 and 2022, 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 12 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, 2024 and 2023, right-of-use assets recorded within “Other assets” totaled $40.5 million and $42.5 million, respectively, and related lease liabilities recorded within “Accrued expenses and other liabilities” totaled $26.1 million and $27.3 million, respectively, in the Consolidated Balance Sheets. Lease expense recognized for the years ended December 31, 2024, 2023 and 2022 was immaterial to the Company. Cash paid for amounts included in the measurement of operating lease liabilities during the years ended December 31, 2024 and 2023 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 for the Company’s financial instruments 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.

 

Certain long-lived assets are recorded at fair value when they are acquired or initially consolidated. The inputs associated with the valuation of long-lived assets are generally included in Level 2 of the fair value hierarchy.
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 Pronouncement

Recently Issued Accounting Pronouncement

In 2023, the Financial Accounting Standards Board issued Accounting Standard Update, or 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.

v3.25.0.1
Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 (dollars in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

Accrued dividends payable

 

$

181,738

 

 

$

176,162

 

Accrued real estate taxes

 

 

139,970

 

 

 

159,041

 

Unearned income

 

 

64,626

 

 

 

65,180

 

Accrued interest payable

 

 

35,125

 

 

 

21,941

 

Accrued capital improvements in progress

 

 

32,903

 

 

 

23,345

 

Security deposits

 

 

27,565

 

 

 

27,138

 

Accrued payroll

 

 

27,564

 

 

 

26,145

 

Right-of-use lease liabilities

 

 

26,091

 

 

 

27,344

 

General liability and workers compensation insurance

 

 

23,353

 

 

 

24,399

 

Accounts payable, accrued expenses and other

 

 

124,813

 

 

 

94,461

 

Total

 

$

683,748

 

 

$

645,156

 
v3.25.0.1
Earnings Per Common Share of MAA (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Common Share Of M A A [Abstract]  
Schedule of Computation of Earnings Per Share

For the year ended December 31, 2024, MAA’s diluted earnings per share was computed using the two-class method, and for the years ended December 31, 2023 and 2022, 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

 

2024

 

 

2023

 

 

2022

 

 

Net income

 

$

541,576

 

 

$

567,831

 

 

$

654,776

 

 

Net income attributable to noncontrolling interests

 

 

(14,033

)

 

 

(15,025

)

 

 

(17,340

)

 

Unvested restricted shares (allocation of earnings)

 

 

(75

)

 

 

(224

)

 

 

(438

)

 

Dividends to MAA Series I preferred shareholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

 

Net income available for MAA common shareholders, adjusted

 

$

523,780

 

 

$

548,894

 

 

$

633,310

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares - basic

 

 

116,776

 

 

 

116,521

 

 

 

115,344

 

 

Earnings per common share - basic

 

$

4.49

 

 

$

4.71

 

 

$

5.49

 

 

 

 

 

 

 

 

 

 

 

 

 

Calculation of Earnings per common share - diluted

 

 

 

 

 

 

 

 

 

 

Net income

 

$

541,576

 

 

$

567,831

 

 

$

654,776

 

 

Net income attributable to noncontrolling interests (1)

 

 

(14,033

)

 

 

(15,025

)

 

 

(17,340

)

 

Unvested restricted shares (allocation of earnings)

 

 

(75

)

 

 

—

 

 

 

—

 

 

Dividends to MAA Series I preferred shareholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

 

Net income available for MAA common shareholders, adjusted

 

$

523,780

 

 

$

549,118

 

 

$

633,748

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares - basic

 

 

116,776

 

 

 

116,521

 

 

 

115,344

 

 

Effect of dilutive securities

 

 

—

 

 

 

124

 

 

 

239

 

 

Weighted average common shares - diluted

 

 

116,776

 

 

 

116,645

 

 

 

115,583

 

 

Earnings per common share - diluted

 

$

4.49

 

 

$

4.71

 

 

$

5.48

 

 
(1)
For the years ended December 31, 2024, 2023 and 2022, 3.1 million, 3.1 million and 3.2 million OP Units, respectively, and their related income are not included in the diluted earnings per share calculations as they are not dilutive.
v3.25.0.1
Earnings Per OP Unit of MAALP (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Diluted Earnings per Common Unit

For the year ended December 31, 2024, MAALP’s diluted earnings per common unit was computed using the two-class method, and for the years ended December 31, 2023 and 2022, 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

 

2024

 

 

2023

 

 

2022

 

Net income

 

$

541,576

 

 

$

567,831

 

 

$

654,776

 

Net (income) loss attributable to noncontrolling interests

 

 

—

 

 

 

(62

)

 

 

293

 

Unvested restricted units (allocation of earnings)

 

 

(75

)

 

 

(224

)

 

 

(438

)

Distributions to MAALP Series I preferred unitholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

Net income available for MAALP common unitholders, adjusted

 

$

537,813

 

 

$

563,857

 

 

$

650,943

 

 

 

 

 

 

 

 

 

 

 

Weighted average common units - basic

 

 

119,875

 

 

 

119,674

 

 

 

118,538

 

Earnings per common unit - basic

 

$

4.49

 

 

$

4.71

 

 

$

5.49

 

 

 

 

 

 

 

 

 

 

 

Calculation of Earnings per common unit - diluted

 

 

 

 

 

 

 

 

 

Net income

 

$

541,576

 

 

$

567,831

 

 

$

654,776

 

Net (income) loss attributable to noncontrolling interests

 

 

—

 

 

 

(62

)

 

 

293

 

Unvested restricted units (allocation of earnings)

 

 

(75

)

 

 

—

 

 

 

—

 

Distributions to MAALP Series I preferred unitholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

Net income available for MAALP common unitholders, adjusted

 

$

537,813

 

 

$

564,081

 

 

$

651,381

 

 

 

 

 

 

 

 

 

 

 

Weighted average common units - basic

 

 

119,875

 

 

 

119,674

 

 

 

118,538

 

Effect of dilutive securities

 

 

—

 

 

 

124

 

 

 

239

 

Weighted average common units - diluted

 

 

119,875

 

 

 

119,798

 

 

 

118,777

 

Earnings per common unit - diluted

 

$

4.49

 

 

$

4.71

 

 

$

5.48

 
v3.25.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024, 2023 and 2022:

 

 

2024

 

2023

 

2022

Risk free rate

 

4.158%

 

4.096%

 

1.010%

Dividend yield

 

4.449%

 

3.550%

 

2.024%

Volatility

 

22.87%

 

28.99%

 

25.84%

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, 2024, and the changes for the year ended December 31, 2024, is presented below:

Nonvested Shares

 

Shares

 

 

Weighted Average Grant-Date Fair Value

 

Nonvested as of January 1, 2024

 

 

96,430

 

 

$

172.18

 

Issued

 

 

137,412

 

 

 

112.03

 

Vested

 

 

(126,757

)

 

 

115.84

 

Forfeited

 

 

(82

)

 

 

164.24

 

Nonvested as of December 31, 2024

 

 

107,003

 

 

$

161.68

 
v3.25.0.1
Borrowings (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Summary of Outstanding Debt

The following table summarizes the Company’s outstanding debt as of December 31, 2024 and 2023 (dollars in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2024

Unsecured debt

 

December 31, 2024

 

 

December 31, 2023

 

 

Weighted Average Effective Rate

 

 

Weighted Average Contract Maturity

Fixed rate senior notes

 

$

4,400,000

 

 

$

3,700,000

 

 

 

3.7

%

 

5/9/2031

Variable rate commercial paper program

 

 

250,000

 

 

 

495,000

 

 

 

4.7

%

 

1/6/2025

Debt issuance costs, discounts and premiums

 

 

(29,310

)

 

 

(14,916

)

 

 

 

 

 

Total unsecured debt

 

$

4,620,690

 

 

$

4,180,084

 

 

 

3.8

%

 

 

Secured debt

 

 

 

 

 

 

 

 

 

 

 

Fixed rate property mortgages

 

$

363,293

 

 

$

363,293

 

 

 

4.4

%

 

1/26/2049

Debt issuance costs

 

 

(3,026

)

 

 

(3,152

)

 

 

 

 

 

Total secured debt

 

$

360,267

 

 

$

360,141

 

 

 

4.4

%

 

 

Total outstanding debt

 

$

4,980,957

 

 

$

4,540,225

 

 

 

3.8

%

 

 
Scheduled Principal Repayments on Borrowings

The following table includes scheduled principal repayments of MAALP’s outstanding borrowings as of December 31, 2024, as well as the amortization of debt issuance costs, discounts and premiums (in thousands):

 

 

Maturities

 

 

Amortization

 

 

Total

 

2025

 

$

650,000

 

 

$

(660

)

 

$

649,340

 

2026

 

 

300,000

 

 

 

(1,256

)

 

 

298,744

 

2027

 

 

600,000

 

 

 

(1,879

)

 

 

598,121

 

2028

 

 

400,000

 

 

 

(2,089

)

 

 

397,911

 

2029

 

 

550,000

 

 

 

6,359

 

 

 

556,359

 

Thereafter

 

 

2,513,293

 

 

 

(32,811

)

 

 

2,480,482

 

Total

 

$

5,013,293

 

 

$

(32,336

)

 

$

4,980,957

 
v3.25.0.1
Financial Instruments and Derivatives (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024, 2023 and 2022, 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

 

2024

 

 

2023

 

 

2022

 

Terminated interest rate swaps

 

Interest expense

 

$

(1,878

)

 

$

(1,326

)

 

$

(1,114

)

 

Derivatives Not Designated

 

Location of (Loss) Gain Recognized

 

(Loss) Gain Recognized in Earnings on Derivative

 

as Hedging Instruments

 

in Earnings on Derivative

 

2024

 

 

2023

 

 

2022

 

Preferred stock embedded derivative

 

Other non-operating (income) expense

 

$

(18,751

)

 

$

18,528

 

 

$

(21,107

)
v3.25.0.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Schedule of Deferred Tax Assets and Liabilities

As of December 31, 2024 and 2023, the components of the Company’s TRS deferred income tax assets and liabilities were as follows (dollars in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

 

 

 

 

 

Deferred tax liability:

 

 

 

 

 

 

Unrealized gain from limited partnerships

 

$

4,048

 

 

$

300

 

Unrealized gain from marketable securities & other

 

 

861

 

 

 

3,575

 

Total deferred tax liability

 

$

4,909

 

 

$

3,875

 

Net deferred tax liability

 

$

4,909

 

 

$

3,875

 

 
Taxability Of Cash Distributions

For income tax purposes, dividends paid to holders of MAA’s 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, 2024, 2023 and 2022, dividends per common share held for the entire year were estimated to be taxable as follows:

 

 

2024

 

 

2023

 

 

2022

 

 

 

Amount

 

 

Percentage

 

 

Amount

 

 

Percentage

 

 

Amount

 

 

Percentage

 

Ordinary income

 

$

5.80

 

 

 

98.61

%

 

$

5.60

 

 

 

100.00

%

 

$

4.44

 

 

 

95.03

%

Capital gains

 

 

0.08

 

 

 

1.39

%

 

 

—

 

 

 

—

 

 

 

0.23

 

 

 

4.78

%

Un-recaptured Section 1250 gains

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

0.01

 

 

 

0.19

%

Total

 

$

5.88

 

 

 

100

%

 

$

5.60

 

 

 

100

%

 

$

4.68

 

 

 

100

%
v3.25.0.1
Shareholders' Equity of MAA (Tables)
 12 Months Ended
Dec. 31, 2024
Shareholders Equity Of M A A [Abstract]  
Schedule of Cumulative Redeemable Preferred Stock

As of December 31, 2024, 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.
v3.25.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2024
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, 2024 (in thousands):

 

 

Operating Leases

 

2025

 

$

3,043

 

2026

 

 

3,093

 

2027

 

 

3,131

 

2028

 

 

1,709

 

2029

 

 

815

 

Thereafter

 

 

54,856

 

Total minimum lease payments

 

 

66,647

 

Net present value adjustments

 

 

(40,556

)

Right-of-use lease liabilities

 

$

26,091

 
v3.25.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2024
Notes To Financial Statements [Abstract]  
Property Revenues, Property Operating Expenses and NOI for Reportable Segment

Property revenues, property operating expenses (excluding depreciation and amortization) and NOI for each reportable segment for the years ended December 31, 2024, 2023 and 2022 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

Revenues:

 

 

 

 

 

 

 

 

 

Same Store

 

 

 

 

 

 

 

 

 

Rental revenues

 

$

2,072,467

 

 

$

2,063,344

 

 

$

1,895,071

 

Other property revenues

 

 

12,369

 

 

 

11,752

 

 

 

11,932

 

Total Same Store revenues

 

 

2,084,836

 

 

 

2,075,096

 

 

 

1,907,003

 

Non-Same Store and Other

 

 

 

 

 

 

 

 

 

Rental revenues

 

 

104,151

 

 

 

72,874

 

 

 

111,067

 

Other property revenues

 

 

2,028

 

 

 

498

 

 

 

1,796

 

Total Non-Same Store and Other revenues

 

 

106,179

 

 

 

73,372

 

 

 

112,863

 

Total rental and other property revenues

 

$

2,191,015

 

 

$

2,148,468

 

 

$

2,019,866

 

Expenses:

 

 

 

 

 

 

 

 

 

Same Store

 

 

 

 

 

 

 

 

 

Real estate taxes

 

$

270,584

 

 

$

265,296

 

 

$

244,476

 

Personnel

 

 

165,249

 

 

 

157,656

 

 

 

146,319

 

Utilities

 

 

135,810

 

 

 

131,197

 

 

 

122,563

 

Building repair & maintenance

 

 

97,590

 

 

 

95,955

 

 

 

85,350

 

Office operations

 

 

34,922

 

 

 

30,366

 

 

 

27,337

 

Insurance

 

 

33,088

 

 

 

30,713

 

 

 

26,031

 

Marketing

 

 

26,416

 

 

 

24,103

 

 

 

22,034

 

Total Same Store expenses

 

 

763,659

 

 

 

735,286

 

 

 

674,110

 

Non-Same Store and Other

 

 

 

 

 

 

 

 

 

Total Non-Same Store and Other expenses

 

 

56,433

 

 

 

32,855

 

 

 

49,584

 

Total property operating expenses, excluding depreciation and amortization

 

$

820,092

 

 

$

768,141

 

 

$

723,694

 

Net Operating Income:

 

 

 

 

 

 

 

 

 

Same Store NOI

 

$

1,321,177

 

 

$

1,339,810

 

 

$

1,232,893

 

Non-Same Store and Other NOI

 

 

49,746

 

 

 

40,517

 

 

 

63,279

 

Total NOI

 

 

1,370,923

 

 

 

1,380,327

 

 

 

1,296,172

 

Depreciation and amortization

 

 

(585,616

)

 

 

(565,063

)

 

 

(542,998

)

Property management expenses

 

 

(72,040

)

 

 

(67,784

)

 

 

(65,463

)

General and administrative expenses

 

 

(56,516

)

 

 

(58,578

)

 

 

(58,833

)

Interest expense

 

 

(168,544

)

 

 

(149,234

)

 

 

(154,747

)

Gain (loss) on sale of depreciable real estate assets

 

 

55,003

 

 

 

(62

)

 

 

214,762

 

Gain on sale of non-depreciable real estate assets

 

 

—

 

 

 

54

 

 

 

809

 

Other non-operating income (expense)

 

 

1,655

 

 

 

31,185

 

 

 

(42,713

)

Income tax (expense) benefit

 

 

(5,240

)

 

 

(4,744

)

 

 

6,208

 

Income from real estate joint venture

 

 

1,951

 

 

 

1,730

 

 

 

1,579

 

Net income attributable to noncontrolling interests

 

 

(14,033

)

 

 

(15,025

)

 

 

(17,340

)

Dividends to MAA Series I preferred shareholders

 

 

(3,688

)

 

 

(3,688

)

 

 

(3,688

)

Net income available for MAA common shareholders

 

$

523,855

 

 

$

549,118

 

 

$

633,748

 
Assets for Reportable Segment

Assets for each reportable segment as of December 31, 2024 and 2023 were as follows (in thousands):

 

 

December 31, 2024

 

 

December 31, 2023

 

Assets:

 

 

 

 

 

 

Same Store

 

$

9,673,280

 

 

$

9,893,858

 

Non-Same Store and Other

 

 

1,981,457

 

 

 

1,391,777

 

Corporate

 

 

157,632

 

 

 

198,868

 

Total assets

 

$

11,812,369

 

 

$

11,484,503

 
v3.25.0.1
Organization and Summary of Significant Accounting Policies - Additional Information (Details)
$ in Thousands
 1 Months Ended 12 Months Ended
Jul. 31, 2024
USD ($)
ApartmentUnits
Dec. 31, 2024
USD ($)
Properties
State
Property
Community
shares
Dec. 31, 2023
USD ($)
shares
Dec. 31, 2022
USD ($)
Dec. 31, 2027
Property
Dec. 31, 2026
Property
Dec. 31, 2025
Property
Real Estate Properties [Line Items]              
General Partners' Capital Account, Units Outstanding | shares   116,883,421 116,694,124        
Number of Real Estate Properties | Community   293          
Number of States in which Entity Operates | State   16          
Number of units under development community 239 2,312          
Real Estate Investments, Joint Ventures   $ 30,600          
Development and capital improvements in progress   470,282 $ 385,405        
Consolidated assets   11,812,369 11,484,503        
Consolidated liabilities   5,664,705 5,185,381        
Initial funding on real estate land and land development $ 70,500            
Gain on consolidation of third-party development (11,200) (11,239) 0 $ 0      
Development costs $ 112,000            
Real Estate Investment Property, at Cost   16,727,993 15,932,757        
Marketable equity securities received   0 7,700 18,000      
Marketable equity securities   3,300 18,600        
Proceeds from sale of markable equity securities   9,975 0 0      
Net realized / unrealized gain on sale   $ 8,300          
Percentage Of Rental Revenue From Leasing Of Apartment Homes   94.00%          
Percentage Of Reimbursable Revenue From Leasing Of Apartment Homes   5.00%          
Percentage of Rental Revenue and Other Income From Non-leasing Activities   1.00%          
Advertising expenses   $ 31,700 $ 26,600 24,400      
Operating Lease, Right-of-Use Asset, Statement of Financial Position   Other assets Other assets        
Operating Lease, Right-of-Use Asset   $ 40,500 $ 42,500        
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]   Accrued Liabilities Accrued Liabilities        
Percentage of income tax on income from non arms length transactions   1          
Right-of-use Lease, Liability   $ 26,091 $ 27,344        
Marketable Equity Securities [Member]              
Real Estate Properties [Line Items]              
Unrealized gains (losses)   (5,300) 2,900 (10,000)      
Leases, Acquired-in-Place              
Real Estate Properties [Line Items]              
Real Estate Investment Property, at Cost   1,000 1,600        
Limited Partnership [Member]              
Real Estate Properties [Line Items]              
Investment Income   13,100 1,600 35,400      
Real Estate [Member]              
Real Estate Properties [Line Items]              
Proceeds from (Payments to) Noncontrolling Interests, Total     15,800        
Real Estate [Member] | Post Massachusetts Avenue [Member]              
Real Estate Properties [Line Items]              
Real Estate Investments, Joint Ventures   41,700 42,000        
Other Assets [Member]              
Real Estate Properties [Line Items]              
Real Estate Investments, Joint Ventures   62,200 46,500        
Parent Company [Member]              
Real Estate Properties [Line Items]              
Capitalized Development Costs, Period   $ 26,000 $ 20,600 14,400      
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] | Scenario Forecast [Member]              
Real Estate Properties [Line Items]              
Number of Real Estate Properties | Property         1 4 2
Retail [Member]              
Real Estate Properties [Line Items]              
Number of Real Estate Properties | Property   35          
Limited Partnership [Member]              
Real Estate Properties [Line Items]              
General Partners' Capital Account, Units Outstanding | shares   116,883,421 116,694,124        
Number of Real Estate Properties | Property   1          
Development and capital improvements in progress   $ 470,282 $ 385,405        
Consolidated assets   11,812,369 11,484,503        
Consolidated liabilities   5,664,724 5,185,400        
Gain on consolidation of third-party development   (11,239) 0 0      
Real Estate Investment Property, at Cost   16,727,993 15,932,757        
Proceeds from sale of markable equity securities   9,975 0 $ 0      
Limited Partnership [Member] | Variable Interest Entity Primary Beneficiary [Member] | Real Estate [Member]              
Real Estate Properties [Line Items]              
Consolidated assets   432,200 265,100        
Consolidated liabilities   $ 27,100 $ 12,900        
Limited Partnership [Member] | Minimum [Member]              
Real Estate Properties [Line Items]              
Percentage of ownership interests of all consolidated subsidiaries (percent)   80.00%          
Limited Partnership [Member] | Maximum [Member]              
Real Estate Properties [Line Items]              
Percentage of ownership interests of all consolidated subsidiaries (percent)   100.00%          
Limited Partnership [Member] | Development Properties [Member] | Costs Incurred To Date [Member]              
Real Estate Properties [Line Items]              
Development and capital improvements in progress   $ 477,200          
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% 97.40%        
v3.25.0.1
Organization and Summary of Significant Accounting Policies - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Real Estate Properties [Line Items]    
Right-of-use lease, liabilities $ 26,091 $ 27,344
Operating Lease, Liability, Statement of Financial Position [Extensible List] Accrued expenses and other liabilities Accrued expenses and other liabilities
Accrued Liabilities and Other Liabilities $ 683,748 $ 645,156
Accrued Liabilities [Member]    
Real Estate Properties [Line Items]    
Accrued dividends payable 181,738 176,162
Accrued real estate taxes 139,970 159,041
Unearned income 64,626 65,180
Accrued interest payable 35,125 21,941
Accrued capital improvements in progress 32,903 23,345
Security deposits 27,565 27,138
Accrued payroll 27,564 26,145
General liability and workers compensation insurance 23,353 24,399
Accounts payable, accrued expenses and other $ 124,813 $ 94,461
v3.25.0.1
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, 2024
Dec. 31, 2023
Dec. 31, 2022
Earnings Per Share Disclosure [Line Items]      
Net income $ 541,576 $ 567,831 $ 654,776
Net income attributable to noncontrolling interests (14,033) (15,025) (17,340)
Unvested restricted shares (allocation of earnings) (75) (224) (438)
Dividends to MAA Series I preferred shareholders (3,688) (3,688) (3,688)
Net income available for MAA common shareholders, adjusted $ 523,780 $ 548,894 $ 633,310
Weighted average common shares - basic 116,776 116,521 115,344
Earnings per common share - basic $ 4.49 $ 4.71 $ 5.49
Net income attributable to noncontrolling interests [1] $ (14,033) $ (15,025) $ (17,340)
Unvested restricted shares (allocation of earnings) (75) 0 0
Dividends to MAA Series I preferred shareholders (3,688) (3,688) (3,688)
Net income available for MAA common shareholders, adjusted $ 523,780 $ 549,118 $ 633,748
Weighted average common shares - diluted 116,776 116,645 115,583
Effect of dilutive securities 0 124 239
Earnings per common share - diluted $ 4.49 $ 4.71 $ 5.48
Limited Partnership Units [Member]      
Earnings Per Share Disclosure [Line Items]      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 3,100 3,100 3,200
[1] For the years ended December 31, 2024, 2023 and 2022, 3.1 million, 3.1 million and 3.2 million OP Units, respectively, and their related income are not included in the diluted earnings per share calculations as they are not dilutive.
v3.25.0.1
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, 2024
Dec. 31, 2023
Dec. 31, 2022
Earnings Per Share Disclosure [Line Items]      
Net income $ 541,576 $ 567,831 $ 654,776
Net (income) loss attributable to noncontrolling interests (14,033) (15,025) (17,340)
Distributions to MAALP Series I preferred unitholders $ (3,688) $ (3,688) $ (3,688)
Effect of dilutive securities 0 124 239
Weighted average common shares - diluted 116,776 116,645 115,583
Limited Partnership [Member]      
Earnings Per Share Disclosure [Line Items]      
Net income $ 541,576 $ 567,831 $ 654,776
Net (income) loss attributable to noncontrolling interests 0 (62) 293
Unvested restricted units (allocation of earnings) (75) (224) (438)
Distributions to MAALP Series I preferred unitholders (3,688) (3,688) (3,688)
Net income available for MAALP common unitholders, adjusted $ 537,813 $ 563,857 $ 650,943
Weighted average common units - basic 119,875 119,674 118,538
Earnings per common unit - basic $ 4.49 $ 4.71 $ 5.49
Net income available for MAALP common unitholders, adjusted $ 537,813 $ 564,081 $ 651,381
Weighted average common units - basic 119,875 119,674 118,538
Effect of dilutive securities   124 239
Weighted average common shares - diluted 119,875 119,798 118,777
Earnings per common unit - diluted $ 4.49 $ 4.71 $ 5.48
v3.25.0.1
Stock-Based Compensation - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Allocated Share-based Compensation Expense $ 17.7 $ 18.3 $ 20.1
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount 1.9 2.5 1.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized $ 13.7    
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 $ 5.0 7.9 14.0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value $ 14.7 $ 17.3 $ 16.0
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 $ 85.94 $ 102.55 $ 144.77
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 0 350
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    
v3.25.0.1
Stock-Based Compensation Key Assumptions for Restricted Stock Grants (Details) - Restricted Stock
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]      
Risk free rate 4.158% 4.096% 1.01%
Dividend yield 4.449% 3.55% 2.024%
Volatility 22.87% 28.99% 25.84%
Requisite service period 3 years 3 years 3 years
v3.25.0.1
Stock-Based Compensation Status of Nonvested Restricted Shares (Details) - Restricted Stock
 12 Months Ended
Dec. 31, 2024
$ / shares
shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Nonvested as of January 1, 2024 | shares 96,430
Issued | shares 137,412
Vested | shares (126,757)
Forfeited | shares (82)
Nonvested as of December 31, 2024 | shares 107,003
Nonvested as of January 1, 2024 | $ / shares $ 172.18
Issued | $ / shares 112.03
Vested | $ / shares 115.84
Forfeited | $ / shares 164.24
Nonvested as of December 31, 2024 | $ / shares $ 161.68
v3.25.0.1
Borrowings - Summary of Outstanding Debt (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Total Outstanding Debt $ 4,980,957 $ 4,540,225
Debt Instrument, Interest Rate, Effective Percentage 3.80%  
Fixed Rate Property Mortgages [Member]    
Debt Instrument [Line Items]    
Contract Maturity Jan. 26, 2049  
Unsecured Debt [Member]    
Debt Instrument [Line Items]    
Total Outstanding Debt $ 4,620,690 4,180,084
Debt Instrument, Interest Rate, Effective Percentage 3.80%  
Unsecured Debt [Member] | Fixed Rate Debt Senior Notes [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 4,400,000 3,700,000
Debt Instrument, Interest Rate, Effective Percentage 3.70%  
Contract Maturity May 09, 2031  
Unsecured Debt [Member] | Variable Rate Commercial Paper Program [Member]    
Debt Instrument [Line Items]    
Debt Instrument, Face Amount $ 250,000 495,000
Debt Instrument, Interest Rate, Effective Percentage 4.70%  
Contract Maturity Jan. 06, 2025  
Unsecured Debt [Member] | $1 billion unsecured revolving credit facility [Member]    
Debt Instrument [Line Items]    
Debt issuance costs, discounts and premiums $ (29,310) (14,916)
Secured Debt [Member]    
Debt Instrument [Line Items]    
Total Outstanding Debt 360,267 360,141
Debt issuance costs $ (3,026) (3,152)
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 $ 363,293
Debt Instrument, Interest Rate, Effective Percentage 4.40%  
Contract Maturity Dec. 31, 2049  
v3.25.0.1
Borrowings - Additional Information (Details) - USD ($)
 1 Months Ended 12 Months Ended
Jun. 30, 2024
Oct. 31, 2023
Jul. 31, 2023
Dec. 31, 2024
May 31, 2024
Jan. 31, 2024
Dec. 31, 2023
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Effective Percentage       3.80%      
Long-Term Debt, Maturity, Year One       $ 650,000,000      
Unsecured debt       $ 4,620,690,000     $ 4,180,084,000
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       $ 250,000,000      
Average daily borrowings outstanding under commercial paper program       336,300,000      
Unsecured debt       250,000,000      
Maximum [Member] | Commercial Paper Notes [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Face Amount       625,000,000      
Unsecured Senior Notes Due November 2025 [Member]              
Debt Instrument [Line Items]              
Unsecured debt       $ 400,000,000      
Unsecured Debt [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Interest Rate, Effective Percentage       3.80%      
Retirement of Senior Unsecured Notes $ 400,000,000 $ 350,000,000          
Unsecured Debt [Member] | Fixed Rate Debt Senior Notes [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date       May 09, 2031      
Debt Instrument, Face Amount       $ 4,400,000,000     3,700,000,000
Debt Instrument, Interest Rate, Effective Percentage       3.70%      
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]              
Debt Instrument [Line Items]              
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]       us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember      
Debt instrument, Basis spread on variable rate       0.70%      
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]              
Debt Instrument [Line Items]              
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]       us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember      
Debt instrument, Basis spread on variable rate       1.40%      
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       $ 4,400,000,000      
Unsecured Debt [Member] | Maturing in March 2034, Senior notes              
Debt Instrument [Line Items]              
Unsecured Senior Notes issue price, Percentage           99.019%  
Debt Instrument, Interest Rate, Stated Percentage           5.00%  
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%  
Unsecured Debt [Member] | Maturing in February 2032, Senior notes [Member]              
Debt Instrument [Line Items]              
Unsecured Senior Notes issue price, Percentage         99.496%    
Debt Instrument, Interest Rate, Stated Percentage         5.30%    
Unsecured Debt [Member] | Maturing in February 2032, Senior notes [Member] | Fixed Rate Debt Senior Notes [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Face Amount         $ 400,000,000    
Debt Instrument, Interest Rate, Effective Percentage         5.382%    
Unsecured Debt [Member] | Maturing In March 2035, Senior notes [Member]              
Debt Instrument [Line Items]              
Unsecured Senior Notes issue price, Percentage       99.17%      
Debt Instrument, Interest Rate, Stated Percentage       4.95%      
Unsecured Debt [Member] | Maturing In March 2035, Senior notes [Member] | Fixed Rate Debt Senior Notes [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Face Amount       $ 350,000,000      
Debt Instrument, Interest Rate, Effective Percentage       5.053%      
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     $ 363,293,000
Secured Debt [Member] | Property Mortgage [Member]              
Debt Instrument [Line Items]              
Debt Instrument, Maturity Date     Jun. 30, 2025        
Repayments of Secured Debt     $ 3,000,000        
v3.25.0.1
Borrowings - Scheduled Principal Repayments on Borrowings (Details)
$ in Thousands
Dec. 31, 2024
USD ($)
Debt Instrument [Line Items]  
2025, Maturities $ 650,000
2025, Total 649,340
2026, Total 298,744
2027, Total 598,121
2028, Total 397,911
2029, Total 556,359
Thereafter, Total 2,480,482
Total Notes Payable 4,980,957
Maturities [Member]  
Debt Instrument [Line Items]  
2025, Maturities 650,000
2026, Maturities 300,000
2027, Maturities 600,000
2028, Maturities 400,000
2029, Maturities 550,000
Thereafter, Maturities 2,513,293
Total, Maturities 5,013,293
Amortization Other [Member]  
Debt Instrument [Line Items]  
2025, Amortization (660)
2026, Amortization (1,256)
2027, Amortization (1,879)
2028, Amortization (2,089)
2029, Amortization 6,359
Thereafter, Amortization (32,811)
Amortization of Notes Payable, Total $ (32,336)
v3.25.0.1
Financial Instruments and Derivatives - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
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 $ 250.0 $ 495.0
Variable Rate Commercial Paper Program $ 250.0 495.0
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 $ 6.9  
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 1.7  
Fair Value, Measurements, Recurring [Member]    
Derivative [Line Items]    
Embedded Derivative, Fair Value of Embedded Derivative Asset 13.2 31.9
Fixed Rate Debt [Member]    
Derivative [Line Items]    
Notes Payable Excluding Interest Rate Swaps and Cap Agreements 4,700.0 4,000.0
Notes Payable, Fair Value Disclosure $ 4,400.0 $ 3,700.0
[1] The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash.
v3.25.0.1
Financial Instruments and Derivatives - Effect of Derivative Instruments on Consolidated Statement of Operations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Derivative [Line Items]      
Derivative Instruments, (Loss) Gain Recognized in Income, Net $ (18,751) $ 18,528 $ (21,107)
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) $ (1,878) $ (1,326) $ (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, (Loss) Gain Recognized in Income, Net $ (18,751) $ 18,528 $ (21,107)
v3.25.0.1
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Income Taxes [Abstract]    
Unrealized gain from limited partnerships $ 4,048 $ 300
Unrealized gain from marketable securities & other 861 3,575
Total deferred tax liability 4,909 3,875
Net deferred tax liability $ 4,909 $ 3,875
v3.25.0.1
Income Taxes (Textual) (Details) - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Loss Carryforwards [Line Items]      
Interest Expense Securities     $ 45,200,000
Interest Income, Securities, Operating, Taxable $ 8,300,000 $ 4,600,000  
Income Tax Expense (Benefit) 5,240,000 4,744,000 (6,208,000)
Unrecognized Tax Benefits 0 0  
Operating Loss Carryforwards 43,900,000    
TRS [Member]      
Operating Loss Carryforwards [Line Items]      
Income Tax Expense (Benefit) (1,800,000) (1,000,000) 9,500,000
Texas Based Margin [Member]      
Operating Loss Carryforwards [Line Items]      
Income Tax Expense (Benefit) $ 5,200,000 $ 4,700,000 $ 6,200,000
v3.25.0.1
Income Taxes (Taxability of Cash Distributions Paid on Common Shares) (Details) - $ / shares
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Disclosure Taxability Of Cash Distributions Paid On Common Shares [Abstract]      
Ordinary income (dollars per share) $ 5.8 $ 5.6 $ 4.44
Return of capital (dollars per share) 0.08 0 0.23
Un-recaptured Section 1250 gains dividends per share 0 0 0.01
Total (dollars per share) $ 5.88 $ 5.6 $ 4.68
Ordinary income (percentage per share) 98.61% 100.00% 95.03%
Return of capital (percentage per share) 1.39% 0.00% 4.78%
Un-recaptured Section 1250 gains dividends per share percentage 0.00% 0.00% 0.19%
Total (percentage per share) 100.00% 100.00% 100.00%
v3.25.0.1
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, 2024
Dec. 31, 2023
Dec. 31, 2022
Equity [Line Items]          
Common stock, shares outstanding     116,883,421 116,694,124  
Total common shares and operating partnership units outstanding     119,958,973 119,838,096  
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]          
Common stock shares sold     4,000,000    
Dividend And Distribution Reinvestment And Share Purchase Plan [Member]          
Equity [Line Items]          
Common stock issued for shareholders to reinvest distributions (shares)     10,610 9,787 6,547
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    
Discount rate on sale of common stock (percent)     5.00%    
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     3,075,552 3,143,972  
v3.25.0.1
Shareholders' Equity of MAA - Schedule of Cumulative Redeemable Preferred Stock (Details) - $ / shares
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
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.
[2] The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash.
v3.25.0.1
Shareholders' Equity of MAA - Schedule of Cumulative Redeemable Preferred Stock (Parenthetical) (Details)
$ in Millions
Dec. 31, 2024
USD ($)
M A A Equity [Abstract]  
Preferred Stock, Liquidation Preference, Value $ 43.4
v3.25.0.1
Partners' Capital of MAALP - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule Of Capital Structure [Line Items]    
Operating partnership units outstanding 119,958,973 119,838,096
General Partners' Capital Account, Units Outstanding 116,883,421 116,694,124
Limited Partners' Capital Account, Units Outstanding 3,075,552 3,143,972
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 3,075,552 3,143,972
Limited Partners' Capital Account $ 475.4 $ 422.7
Redeemable Capital Shares Par Or Stated Value Per Share $ 154.57 $ 134.46
M A A L P [Member]    
Schedule Of Capital Structure [Line Items]    
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest 97.40% 97.40%
v3.25.0.1
Employee Benefit Plans (Details)
 12 Months Ended
Dec. 31, 2024
USD ($)
Installment
$ / shares
shares
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Defined Benefit Plan Disclosure [Line Items]      
Employer contribution for defined contribution plan $ 4,900,000 $ 4,700,000 $ 4,400,000
Liability related to mandatorily redeemable shares 0 0  
Employee Stock Ownership Plan, common stock, fair value $ 19,000,000    
Employee Stock Ownership Plan, common stock, shares outstanding (shares) | shares 122,735    
Nonqualified Deferred Compensation Plan      
Defined Benefit Plan Disclosure [Line Items]      
Deferred compensation expense $ 300,000 $ 400,000 $ 500,000
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 11,439 9,459 6,122
Vested | $ / shares $ 140.85 $ 145.96 $ 174.76
v3.25.0.1
Commitments and Contingencies - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Loss Contingencies [Line Items]    
Loss contingency accrual $ 11.1 $ 7.6
Operating lease weighted average remaining lease term 34 years  
Operating lease weighted average discount rate 4.60%  
Apartment Communities [Member]    
Loss Contingencies [Line Items]    
Lease expiration year 2074  
Office Lease [Member]    
Loss Contingencies [Line Items]    
Lease expiration year 2028  
v3.25.0.1
Commitments and Contingencies - Schedule of Right-of-Use Lease Obligations (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Loss Contingency [Abstract]    
2025 $ 3,043  
2026 3,093  
2027 3,131  
2028 1,709  
2029 815  
Thereafter 54,856  
Total minimum lease payments 66,647  
Net present value adjustments (40,556)  
Right-of-use lease, liabilities $ 26,091 $ 27,344
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] Accrued Liabilities Accrued Liabilities
v3.25.0.1
Segment Information - Additional Information (Details)
 12 Months Ended
Dec. 31, 2024
State
Segment
Community
Segment Reporting Information [Line Items]  
Number of owned or owned interests of apartment communities | Community 293
Number of States in which Entity Operates 16
Number of reportable segments | Segment 2
Period properties owned and stabilized 12 months
Occupancy Level For Stabilized Communities 90.00%
Period Properties Stabilized 90 days
Excluding Construction in Progress [Member]  
Segment Reporting Information [Line Items]  
Number of States in which Entity Operates 16
Same Store [Member]  
Segment Reporting Information [Line Items]  
Period properties owned and stabilized 12 months
v3.25.0.1
Segment Information - Property Revenues, Property Operating Expenses and NOI for Reportable Segment (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Segment Information      
Total operating revenues $ 2,191,015 $ 2,148,468 $ 2,019,866
Total property operating expenses, excluding depreciation and amortization 820,092 768,141 723,694
Net Operating Income 1,370,923 1,380,327 1,296,172
Depreciation and amortization (585,616) (565,063) (542,998)
Property management expenses (72,040) (67,784) (65,463)
General and administrative expenses (56,516) (58,578) (58,833)
Interest expense (168,544) (149,234) (154,747)
Gain (loss) on sale of depreciable real estate assets 55,003 (62) 214,762
Gain on sale of non-depreciable real estate assets 0 54 809
Other non-operating income (expense) 1,655 31,185 (42,713)
Income tax (expense) benefit (5,240) (4,744) 6,208
Income from real estate joint venture 1,951 1,730 1,579
Net income attributable to noncontrolling interests (14,033) (15,025) (17,340)
Dividends to MAA Series I preferred shareholders (3,688) (3,688) (3,688)
Net income available for MAA common shareholders 523,855 549,118 633,748
Same Store [Member]      
Segment Information      
Revenue from Contract with Customer, Including Assessed Tax 2,072,467 2,063,344 1,895,071
Other operating income expense net 12,369 11,752 11,932
Total operating revenues 2,084,836 2,075,096 1,907,003
Total property operating expenses, excluding depreciation and amortization 763,659 735,286 674,110
Real estate taxes 270,584 265,296 244,476
Personnel 165,249 157,656 146,319
Utilities 135,810 131,197 122,563
Building repair & maintenance 97,590 95,955 85,350
Office operations 34,922 30,366 27,337
Insurance 33,088 30,713 26,031
Marketing 26,416 24,103 22,034
Net Operating Income 1,321,177 1,339,810 1,232,893
Non-Same Store and Other [Member]      
Segment Information      
Revenue from Contract with Customer, Including Assessed Tax 104,151 72,874 111,067
Other operating income expense net 2,028 498 1,796
Total operating revenues 106,179 73,372 112,863
Total property operating expenses, excluding depreciation and amortization 56,433 32,855 49,584
Net Operating Income $ 49,746 $ 40,517 $ 63,279
v3.25.0.1
Segment Information - Assets for Reportable Segment (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Asset Reconciling Item [Line Items]    
Total assets $ 11,812,369 $ 11,484,503
Same Store [Member]    
Segment Reporting Asset Reconciling Item [Line Items]    
Total assets 9,673,280 9,893,858
Non-Same Store and Other [Member]    
Segment Reporting Asset Reconciling Item [Line Items]    
Total assets 1,981,457 1,391,777
Corporate [Member]    
Segment Reporting Asset Reconciling Item [Line Items]    
Total assets $ 157,632 $ 198,868
v3.25.0.1
Real Estate Acquisitions and Dispositions - Additonal Information (Details)
$ in Thousands
 1 Months Ended 12 Months Ended
Oct. 31, 2024
USD ($)
ApartmentUnit
Sep. 30, 2024
USD ($)
ApartmentUnit
Aug. 31, 2024
USD ($)
a
May 31, 2024
USD ($)
ApartmentUnit
Apr. 30, 2024
USD ($)
a
Nov. 30, 2023
USD ($)
a
ApartmentUnit
Oct. 31, 2023
USD ($)
ApartmentUnit
Mar. 31, 2023
USD ($)
a
Feb. 28, 2023
USD ($)
a
Oct. 31, 2022
USD ($)
ApartmentUnit
Jun. 30, 2022
USD ($)
ApartmentUnit
Dec. 31, 2024
USD ($)
a
ApartmentUnit
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
ApartmentUnit
Business Acquisition [Line Items]                            
Gain (loss) on sale of depreciable real estate assets                       $ 55,003 $ (62) $ 214,762
Multifamily [Member]                            
Business Acquisition [Line Items]                            
Number of Units in Real Estate Property | ApartmentUnit                       336    
Dallas | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Proceeds used to purchase apartment communities $ 106,000                          
Number of Units in Real Estate Property | ApartmentUnit 386                          
Orlando                            
Business Acquisition [Line Items]                            
Acquisition cost                 $ 12,000          
Orlando | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Proceeds used to purchase apartment communities   $ 84,000                        
Number of Units in Real Estate Property | ApartmentUnit   310                        
Orlando | Land                            
Business Acquisition [Line Items]                            
Area of Land | a                 6          
Raleigh Nc                            
Business Acquisition [Line Items]                            
Acquisition cost           $ 1,000                
Raleigh Nc | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Proceeds used to purchase apartment communities       $ 81,000                    
Number of Units in Real Estate Property | ApartmentUnit       306                    
Raleigh Nc | Land                            
Business Acquisition [Line Items]                            
Area of Land | a           0.5                
Charlotte | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Gross proceeds from disposition $ 38,000                          
Proceeds used to purchase apartment communities           $ 107,000                
Gain (loss) on sale of depreciable real estate assets $ 22,000                          
Number of Units in Real Estate Property | ApartmentUnit 216         352                
Phoenix                            
Business Acquisition [Line Items]                            
Acquisition cost         $ 11,000                  
Phoenix | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Proceeds used to purchase apartment communities             $ 103,000              
Number of Units in Real Estate Property | ApartmentUnit             323              
Phoenix | Land                            
Business Acquisition [Line Items]                            
Area of Land | a         13                  
Raleigh/Durham                            
Business Acquisition [Line Items]                            
Acquisition cost                       $ 5,000    
Raleigh/Durham | Land                            
Business Acquisition [Line Items]                            
Area of Land | a                       3    
Richmond                            
Business Acquisition [Line Items]                            
Acquisition cost     $ 14,000                      
Richmond | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Gross proceeds from disposition                       $ 47,000    
Gain (loss) on sale of depreciable real estate assets                       $ 33,000    
Number of Units in Real Estate Property | ApartmentUnit                       272    
Richmond | Land                            
Business Acquisition [Line Items]                            
Area of Land | a     3                      
Gulf Shores                            
Business Acquisition [Line Items]                            
Gross proceeds from disposition               $ 3,000            
Gulf Shores | Land                            
Business Acquisition [Line Items]                            
Area of Land | a               21            
Columbia | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Number of Units in Real Estate Property | ApartmentUnit                       240    
Austin Texas | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Gross proceeds from disposition                           54,000
Gain (loss) on sale of depreciable real estate assets                           $ 47,000
Number of Units in Real Estate Property | ApartmentUnit                           288
TEXAS | MAA Deer Run | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Gross proceeds from disposition                     $ 65,000      
Gain (loss) on sale of depreciable real estate assets                     $ 59,000      
Number of Units in Real Estate Property | ApartmentUnit                     304      
TEXAS | MAA Oakbend | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Gross proceeds from disposition                     $ 102,000      
Gain (loss) on sale of depreciable real estate assets                     $ 73,000      
Number of Units in Real Estate Property | ApartmentUnit                     426      
MARYLAND | Multifamily [Member]                            
Business Acquisition [Line Items]                            
Gross proceeds from disposition                   $ 104,000        
Gain (loss) on sale of depreciable real estate assets                   $ 36,000        
Number of Units in Real Estate Property | ApartmentUnit                   396        
v3.25.0.1
Subsequent Events - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Debt Instrument [Line Items]      
Net proceeds from share issued $ 1,230 $ 205,070 $ 1,083
v3.25.0.1
Schedule III Real Estate and Accumulated Depreciation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Real Estate And Accumulated Depreciation [Line Items]        
Location Total Real Estate Assets, net of Real Estate Joint Venture      
Initial Cost Land $ 2,173,019      
Initial Cost Buildings and Fixtures 10,571,532      
Gross Amount, Land 2,170,271      
Gross Amount, Buildings and Fixtures 14,631,081      
Total 16,801,352 $ 16,006,618 $ 15,246,658 $ 14,704,237
Accumulated Depreciation (5,327,584) $ (4,864,690) $ (4,302,747) $ (3,848,161)
Net 11,473,768      
Land        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures (2,748)      
Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures 4,059,549      
Total Properties In Predevelopment        
Real Estate And Accumulated Depreciation [Line Items]        
Initial Cost Land 16,738      
Initial Cost Buildings and Fixtures 0      
Gross Amount, Land 16,738      
Gross Amount, Buildings and Fixtures 19,090      
Total 35,828      
Accumulated Depreciation (93)      
Net 35,735      
Total Properties In Predevelopment | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ (19,090)      
Wholly Owned Properties - Residential        
Real Estate And Accumulated Depreciation [Line Items]        
Location Cedar Park, TX      
Initial Cost Land $ 1,943,517      
Initial Cost Buildings and Fixtures 10,296,827      
Gross Amount, Land 1,943,517      
Gross Amount, Buildings and Fixtures 13,882,443      
Total 15,825,960      
Accumulated Depreciation (5,254,832)      
Net $ 10,571,128      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2013      
Wholly Owned Properties - Residential | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 3,585,616      
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 34,169      
Total 36,810      
Accumulated Depreciation (15,453)      
Net $ 21,357      
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 $ 5,327      
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 29,755      
Total 33,517      
Accumulated Depreciation (14,581)      
Net $ 18,936      
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 $ 7,676      
Wholly Owned Properties - Residential | MAA 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 39,955      
Total 43,358      
Accumulated Depreciation (17,690)      
Net $ 25,668      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2013      
Wholly Owned Properties - Residential | MAA 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 | MAA 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 | MAA Trussville | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 8,142      
Wholly Owned Properties - Residential | MAA 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 13,919      
Total 14,771      
Accumulated Depreciation (10,681)      
Net $ 4,090      
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 Eagle Ridge | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,252      
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 34,118      
Total 37,330      
Accumulated Depreciation (15,585)      
Net $ 21,745      
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 $ 8,956      
Wholly Owned Properties - Residential | MAA 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 50,634      
Total 55,578      
Accumulated Depreciation (21,027)      
Net $ 34,551      
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 | MAA Edgewater | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 11,961      
Wholly Owned Properties - Residential | MAA Providence Main        
Real Estate And Accumulated Depreciation [Line Items]        
Location Huntsville, AL      
Initial Cost Land $ 1,740      
Initial Cost Buildings and Fixtures 10,152      
Gross Amount, Land 1,740      
Gross Amount, Buildings and Fixtures 31,609      
Total 33,349      
Accumulated Depreciation (19,898)      
Net $ 13,451      
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 | MAA Providence Main | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 21,457      
Wholly Owned Properties - Residential | MAA Madison Lakes        
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 34,698      
Total 38,300      
Accumulated Depreciation (15,579)      
Net $ 22,721      
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 Madison Lakes | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,764      
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 16,158      
Total 17,448      
Accumulated Depreciation (7,100)      
Net $ 10,348      
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 $ 3,920      
Wholly Owned Properties - Residential | MAA 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 41,415      
Total 45,337      
Accumulated Depreciation (18,835)      
Net $ 26,502      
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 Liberty Park | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 10,438      
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 19,142      
Total 21,810      
Accumulated Depreciation (9,841)      
Net $ 11,969      
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 $ 4,565      
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 32,227      
Total 36,446      
Accumulated Depreciation (14,190)      
Net $ 22,256      
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 $ 5,972      
Wholly Owned Properties - Residential | MAA Lyon's 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 34,288      
Total 42,189      
Accumulated Depreciation (17,899)      
Net $ 24,290      
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 Lyon's Gate | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 7,106      
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 61,449      
Total 73,661      
Accumulated Depreciation (15,904)      
Net $ 57,757      
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 $ 4,744      
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 55,592      
Total 68,333      
Accumulated Depreciation (33,356)      
Net $ 34,977      
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 $ 7,891      
Wholly Owned Properties - Residential | MAA Phoenix Midtown        
Real Estate And Accumulated Depreciation [Line Items]        
Location Phoenix, AZ      
Initial Cost Land $ 9,001      
Initial Cost Buildings and Fixtures 0      
Gross Amount, Land 9,001      
Gross Amount, Buildings and Fixtures 74,692      
Total 83,693      
Accumulated Depreciation (14,293)      
Net $ 69,400      
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 $ 74,692      
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 92,569      
Total 103,892      
Accumulated Depreciation (3,834)      
Net $ 100,058      
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 Central Ave | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 2,219      
Wholly Owned Properties - Residential | Novel Val Vista        
Real Estate And Accumulated Depreciation [Line Items]        
Location Phoenix, AZ      
Initial Cost Land $ 7,285      
Initial Cost Buildings and Fixtures 0      
Gross Amount, Land 7,285      
Gross Amount, Buildings and Fixtures 71,425      
Total 78,710      
Accumulated Depreciation (2,330)      
Net $ 76,380      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction Dec. 31, 2020      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2020      
Wholly Owned Properties - Residential | Novel Val Vista | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 71,425      
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 65,638      
Total 73,458      
Accumulated Depreciation (26,927)      
Net $ 46,531      
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 $ 14,011      
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 27,864      
Total 31,476      
Accumulated Depreciation (11,458)      
Net $ 20,018      
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 $ 7,591      
Wholly Owned Properties - Residential | MAA SkySong        
Real Estate And Accumulated Depreciation [Line Items]        
Location Scottsdale, AZ      
Initial Cost Buildings and Fixtures $ 55,748      
Gross Amount, Buildings and Fixtures 62,202      
Total 62,202      
Accumulated Depreciation (16,338)      
Net $ 45,864      
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 SkySong | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,454      
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 71,324      
Total 85,824      
Accumulated Depreciation (17,145)      
Net $ 68,679      
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 $ 42,424      
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 105,379      
Total 129,490      
Accumulated Depreciation (21,984)      
Net $ 107,506      
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 $ 24,062      
Wholly Owned Properties - Residential | MAA Westglenn        
Real Estate And Accumulated Depreciation [Line Items]        
Location Denver, CO      
Initial Cost Land $ 8,077      
Initial Cost Buildings and Fixtures 0      
Gross Amount, Land 8,077      
Gross Amount, Buildings and Fixtures 74,720      
Total 82,797      
Accumulated Depreciation (13,697)      
Net $ 69,100      
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 $ 74,720      
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 19,540      
Total 20,564      
Accumulated Depreciation (13,510)      
Net $ 7,054      
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 $ 10,321      
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 53,670      
Total 56,650      
Accumulated Depreciation (21,636)      
Net $ 35,014      
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 $ 13,440      
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 18,404      
Total 19,571      
Accumulated Depreciation (12,278)      
Net $ 7,293      
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 $ 7,904      
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 37,737      
Total 40,633      
Accumulated Depreciation (27,895)      
Net $ 12,738      
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 $ 11,626      
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 61,975      
Total 71,575      
Accumulated Depreciation (36,970)      
Net $ 34,605      
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 $ 21,971      
Wholly Owned Properties - Residential | MAA Steeplegate        
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 23,219      
Total 25,019      
Accumulated Depreciation (14,351)      
Net $ 10,668      
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 Steeplegate | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 7,340      
Wholly Owned Properties - Residential | MAA Magnolia Parke        
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 18,768      
Total 20,808      
Accumulated Depreciation (8,700)      
Net $ 12,108      
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 Magnolia Parke | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 2,430      
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 42,579      
Total 46,680      
Accumulated Depreciation (19,727)      
Net $ 26,953      
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 $ 6,895      
Wholly Owned Properties - Residential | MAA 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 45,555      
Total 47,936      
Accumulated Depreciation (11,390)      
Net $ 36,546      
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 | MAA 220 Riverside | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 10,041      
Wholly Owned Properties - Residential | MAA Town Center        
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 24,635      
Total 28,635      
Accumulated Depreciation (11,214)      
Net $ 17,421      
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 Town Center | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,140      
Wholly Owned Properties - Residential | MAA Mandarin North        
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 13,408      
Total 14,262      
Accumulated Depreciation (10,673)      
Net $ 3,589      
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 Mandarin North | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,908      
Wholly Owned Properties - Residential | MAA 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 22,043      
Total 23,576      
Accumulated Depreciation (16,738)      
Net $ 6,838      
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 Deerwood | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 8,208      
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 24,813      
Total 26,243      
Accumulated Depreciation (19,464)      
Net $ 6,779      
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 $ 11,930      
Wholly Owned Properties - Residential | MAA 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 43,095      
Total 47,142      
Accumulated Depreciation (28,660)      
Net $ 18,482      
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 | MAA Fleming Island | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 8,043      
Wholly Owned Properties - Residential | MAA Belmont        
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 20,740      
Total 22,151      
Accumulated Depreciation (12,872)      
Net $ 9,279      
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 | MAA Belmont | 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 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 30,993      
Total 33,850      
Accumulated Depreciation (16,906)      
Net $ 16,944      
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 $ 24,518      
Wholly Owned Properties - Residential | MAA 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 40,979      
Total 47,396      
Accumulated Depreciation (18,202)      
Net $ 29,194      
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 Tapestry Park | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 4,910      
Wholly Owned Properties - Residential | MAA Atlantic        
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 27,726      
Total 29,404      
Accumulated Depreciation (21,575)      
Net $ 7,829      
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 | MAA Atlantic | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 12,547      
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 69,246      
Total 75,592      
Accumulated Depreciation (26,202)      
Net $ 49,390      
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 $ 27,707      
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 79,494      
Total 88,717      
Accumulated Depreciation (37,349)      
Net $ 51,368      
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 $ 12,621      
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 67,552      
Total 72,214      
Accumulated Depreciation (29,964)      
Net $ 42,250      
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 $ 10,564      
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 104,028      
Total 112,887      
Accumulated Depreciation (25,991)      
Net $ 86,896      
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 $ 53,475      
Wholly Owned Properties - Residential | MAA Robinson        
Real Estate And Accumulated Depreciation [Line Items]        
Location Orlando, FL      
Initial Cost Land $ 6,003      
Initial Cost Buildings and Fixtures 0      
Gross Amount, Land 6,003      
Gross Amount, Buildings and Fixtures 91,766      
Total 97,769      
Accumulated Depreciation (16,567)      
Net $ 81,202      
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 $ 91,766      
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 152,702      
Total 170,803      
Accumulated Depreciation (49,270)      
Net $ 121,533      
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 $ 8,502      
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 56,774      
Total 63,820      
Accumulated Depreciation (16,668)      
Net $ 47,152      
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 $ 4,189      
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 61,588      
Total 67,257      
Accumulated Depreciation (19,372)      
Net $ 47,885      
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 $ 11,834      
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 50,167      
Total 58,047      
Accumulated Depreciation (21,885)      
Net $ 36,162      
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 $ 8,992      
Wholly Owned Properties - Residential | Sand Lake        
Real Estate And Accumulated Depreciation [Line Items]        
Location Orlando, FL      
Initial Cost Land $ 7,635      
Initial Cost Buildings and Fixtures 0      
Gross Amount, Land 7,635      
Gross Amount, Buildings and Fixtures 56,561      
Total 64,196      
Accumulated Depreciation (10,974)      
Net $ 53,222      
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 $ 56,561      
Wholly Owned Properties - Residential | MAA Boggy Creek        
Real Estate And Accumulated Depreciation [Line Items]        
Location Orlando, FL      
Initial Cost Land $ 879      
Initial Cost Buildings and Fixtures 72,838      
Gross Amount, Land 10,879      
Gross Amount, Buildings and Fixtures 72,975      
Total 83,854      
Accumulated Depreciation (909)      
Net $ 82,945      
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, 2024      
Wholly Owned Properties - Residential | MAA Boggy Creek | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 137      
Wholly Owned Properties - Residential | MAA Oak Grove        
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 21,165      
Total 22,645      
Accumulated Depreciation (16,842)      
Net $ 5,803      
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 | MAA Oak Grove | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 16,360      
Wholly Owned Properties - Residential | MAA 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 29,906      
Total 33,506      
Accumulated Depreciation (10,863)      
Net $ 22,643      
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 | MAA Southwood | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 3,992      
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 84,409      
Total 91,409      
Accumulated Depreciation (6,783)      
Net $ 84,626      
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, 2021      
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 $ 84,409      
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 33,282      
Total 40,182      
Accumulated Depreciation (18,005)      
Net $ 22,177      
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 $ 6,669      
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 21,866      
Total 22,759      
Accumulated Depreciation (13,778)      
Net $ 8,981      
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 $ 7,590      
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 57,174      
Total 60,265      
Accumulated Depreciation (24,848)      
Net $ 35,417      
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 $ 9,381      
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 19,112      
Total 19,964      
Accumulated Depreciation (13,323)      
Net $ 6,641      
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 $ 11,445      
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 139,719      
Total 156,748      
Accumulated Depreciation (37,762)      
Net $ 118,986      
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 $ 8,321      
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 16,776      
Total 17,703      
Accumulated Depreciation (11,883)      
Net $ 5,820      
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 $ 9,421      
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 31,910      
Total 36,451      
Accumulated Depreciation (10,202)      
Net $ 26,249      
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 $ 3,529      
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 137,458      
Total 153,754      
Accumulated Depreciation (45,979)      
Net $ 107,775      
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 $ 21,265      
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 109,983      
Total 126,874      
Accumulated Depreciation (35,874)      
Net $ 91,000      
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 $ 14,724      
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 179,350      
Total 214,610      
Accumulated Depreciation (58,193)      
Net $ 156,417      
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, 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 $ 26,248      
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 58,839      
Total 64,029      
Accumulated Depreciation (16,700)      
Net $ 47,329      
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 $ 2,543      
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 24,680      
Total 27,571      
Accumulated Depreciation (12,748)      
Net $ 14,823      
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 $ 5,625      
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 49,806      
Total 52,857      
Accumulated Depreciation (21,236)      
Net $ 31,621      
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 $ 7,038      
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 41,090      
Total 43,801      
Accumulated Depreciation (17,541)      
Net $ 26,260      
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 $ 4,380      
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 127,687      
Total 152,301      
Accumulated Depreciation (39,694)      
Net $ 112,607      
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 $ 12,766      
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 122,645      
Total 151,693      
Accumulated Depreciation (40,719)      
Net $ 110,974      
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, 1989      
Wholly Owned Properties - Residential | MAA Brookhaven | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 16,182      
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 61,626      
Total 72,794      
Accumulated Depreciation (26,301)      
Net $ 46,493      
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 $ 8,868      
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 32,070      
Total 40,703      
Accumulated Depreciation (14,687)      
Net $ 26,016      
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 Buckhead | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 12,226      
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 74,781      
Total 88,431      
Accumulated Depreciation (15,184)      
Net $ 73,247      
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 $ 63,831      
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 89,588      
Total 119,811      
Accumulated Depreciation (28,378)      
Net $ 91,433      
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 $ 6,624      
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 56,601      
Total 72,400      
Accumulated Depreciation (18,374)      
Net $ 54,026      
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 $ 8,547      
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 70,550      
Total 88,457      
Accumulated Depreciation (22,939)      
Net $ 65,518      
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 $ 14,457      
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 60,482      
Total 74,360      
Accumulated Depreciation (19,619)      
Net $ 54,741      
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 $ 9,403      
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 173,170      
Total 197,046      
Accumulated Depreciation (58,165)      
Net $ 138,881      
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 $ 7,598      
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 86,230      
Total 93,230      
Accumulated Depreciation (17,514)      
Net $ 75,716      
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 $ 42,230      
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 40,417      
Total 47,273      
Accumulated Depreciation (21,270)      
Net $ 26,003      
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 $ 8,976      
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 58,289      
Total 70,263      
Accumulated Depreciation (17,688)      
Net $ 52,575      
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 $ 3,025      
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 41,236      
Total 52,261      
Accumulated Depreciation (12,422)      
Net $ 39,839      
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 $ 6,959      
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 104,238      
Total 128,003      
Accumulated Depreciation (36,830)      
Net $ 91,173      
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 $ 14,869      
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 68,818      
Total 87,414      
Accumulated Depreciation (23,389)      
Net $ 64,025      
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 $ 10,999      
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 37,879      
Total 37,879      
Accumulated Depreciation (13,489)      
Net $ 24,390      
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 $ 7,828      
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 19,937      
Total 21,897      
Accumulated Depreciation (10,244)      
Net $ 11,653      
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 $ 4,230      
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 40,405      
Total 44,390      
Accumulated Depreciation (20,339)      
Net $ 24,051      
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 $ 8,199      
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 42,169      
Total 48,922      
Accumulated Depreciation (20,566)      
Net $ 28,356      
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 $ 9,967      
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 33,710      
Total 37,550      
Accumulated Depreciation (21,107)      
Net $ 16,443      
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 $ 9,699      
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 19,708      
Total 24,057      
Accumulated Depreciation (11,248)      
Net $ 12,809      
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 $ 6,129      
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 26,396      
Total 28,455      
Accumulated Depreciation (12,412)      
Net $ 16,043      
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 $ 7,238      
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 29,546      
Total 36,407      
Accumulated Depreciation (13,239)      
Net $ 23,168      
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 $ 5,798      
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 56,584      
Total 63,294      
Accumulated Depreciation (35,190)      
Net $ 28,104      
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 $ 15,590      
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 56,780      
Total 61,644      
Accumulated Depreciation (26,378)      
Net $ 35,266      
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 $ 10,887      
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 34,960      
Total 38,060      
Accumulated Depreciation (14,344)      
Net $ 23,716      
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 $ 5,720      
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 32,306      
Total 37,967      
Accumulated Depreciation (16,220)      
Net $ 21,747      
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 $ 6,120      
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 76,964      
Total 80,514      
Accumulated Depreciation (34,358)      
Net $ 46,156      
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 Benton | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 10,617      
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 28,893      
Total 30,393      
Accumulated Depreciation (13,198)      
Net $ 17,195      
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 $ 4,031      
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 46,981      
Total 49,422      
Accumulated Depreciation (20,970)      
Net $ 28,452      
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 $ 10,118      
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 11,963      
Total 14,484      
Accumulated Depreciation (5,562)      
Net $ 8,922      
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 $ 3,740      
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 16,822      
Total 18,110      
Accumulated Depreciation (13,408)      
Net $ 4,702      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction Dec. 31, 1997      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 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 $ 5,243      
Wholly Owned Properties - Residential | MAA 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 33,201      
Total 36,065      
Accumulated Depreciation (19,880)      
Net $ 16,185      
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 | MAA Wilmington Island | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 7,886      
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 87,823      
Total 102,233      
Accumulated Depreciation (31,912)      
Net $ 70,321      
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 $ 14,090      
Wholly Owned Properties - Residential | MAA 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 45,089      
Total 48,589      
Accumulated Depreciation (11,491)      
Net $ 37,098      
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 | MAA Prairie Trace | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 4,475      
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 40,842      
Total 42,866      
Accumulated Depreciation (25,555)      
Net $ 17,311      
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 $ 9,317      
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 7,157      
Total 7,568      
Accumulated Depreciation (5,799)      
Net $ 1,769      
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 $ 3,458      
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 11,961      
Total 12,655      
Accumulated Depreciation (9,432)      
Net $ 3,223      
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 $ 5,719      
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 14,904      
Total 15,804      
Accumulated Depreciation (11,938)      
Net $ 3,866      
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 $ 6,807      
Wholly Owned Properties - Residential | MAA Westport        
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 24,657      
Total 25,826      
Accumulated Depreciation (18,532)      
Net $ 7,294      
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 Westport | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 14,139      
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 53,671      
Total 59,485      
Accumulated Depreciation (21,909)      
Net $ 37,576      
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 $ 7,430      
Wholly Owned Properties - Residential | 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 82,329      
Total 87,849      
Accumulated Depreciation (20,000)      
Net $ 67,849      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2015      
Wholly Owned Properties - Residential | 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 | 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 | 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 | Denton | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 31,390      
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 39,743      
Total 47,234      
Accumulated Depreciation (17,433)      
Net $ 29,801      
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 $ 4,880      
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 14,756      
Total 15,652      
Accumulated Depreciation (11,613)      
Net $ 4,039      
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 $ 6,657      
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 27,831      
Total 31,831      
Accumulated Depreciation (16,727)      
Net $ 15,104      
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 $ 7,581      
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 59,480      
Total 69,092      
Accumulated Depreciation (20,699)      
Net $ 48,393      
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 $ 37,138      
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 74,004      
Total 76,485      
Accumulated Depreciation (29,990)      
Net $ 46,495      
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 $ 21,885      
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 52,020      
Total 68,236      
Accumulated Depreciation (16,771)      
Net $ 51,465      
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 $ 7,203      
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 32,953      
Total 36,114      
Accumulated Depreciation (13,367)      
Net $ 22,747      
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 $ 8,949      
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 37,315      
Total 42,626      
Accumulated Depreciation (16,200)      
Net $ 26,426      
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 $ 9,299      
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 20,667      
Total 22,287      
Accumulated Depreciation (8,643)      
Net $ 13,644      
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 $ 3,168      
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 22,824      
Total 24,285      
Accumulated Depreciation (9,138)      
Net $ 15,147      
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 $ 3,840      
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 76,230      
Total 93,758      
Accumulated Depreciation (24,251)      
Net $ 69,507      
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 $ 18,786      
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 34,566      
Total 37,457      
Accumulated Depreciation (15,311)      
Net $ 22,146      
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 $ 6,294      
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 125,981      
Total 140,581      
Accumulated Depreciation (8,371)      
Net $ 132,210      
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 $ 17,905      
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 32,259      
Total 36,850      
Accumulated Depreciation (14,823)      
Net $ 22,027      
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 $ 4,546      
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 59,763      
Total 64,391      
Accumulated Depreciation (16,714)      
Net $ 47,677      
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 $ 15,481      
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 67,372      
Total 86,207      
Accumulated Depreciation (19,807)      
Net $ 66,400      
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 $ 8,577      
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 78,945      
Total 99,814      
Accumulated Depreciation (25,528)      
Net $ 74,286      
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 $ 13,428      
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 39,328      
Total 42,578      
Accumulated Depreciation (18,166)      
Net $ 24,412      
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 $ 7,939      
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 41,196      
Total 52,084      
Accumulated Depreciation (12,372)      
Net $ 39,712      
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 $ 11,118      
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 96,434      
Total 107,008      
Accumulated Depreciation (4,122)      
Net $ 102,886      
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 $ 1,088      
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 33,569      
Total 38,140      
Accumulated Depreciation (15,399)      
Net $ 22,741      
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 $ 4,418      
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 33,057      
Total 35,647      
Accumulated Depreciation (14,648)      
Net $ 20,999      
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 $ 5,931      
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 45,690      
Total 49,891      
Accumulated Depreciation (20,501)      
Net $ 29,390      
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 $ 8,008      
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 20,070      
Total 23,341      
Accumulated Depreciation (9,908)      
Net $ 13,433      
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 Duke Forest | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 4,461      
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 37,908      
Total 42,159      
Accumulated Depreciation (17,539)      
Net $ 24,620      
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 $ 5,960      
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 30,363      
Total 33,434      
Accumulated Depreciation (14,966)      
Net $ 18,468      
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 $ 8,533      
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 33,143      
Total 36,833      
Accumulated Depreciation (14,715)      
Net $ 22,118      
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 $ 4,607      
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 39,244      
Total 45,645      
Accumulated Depreciation (17,163)      
Net $ 28,482      
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 $ 8,110      
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 55,284      
Total 62,656      
Accumulated Depreciation (24,485)      
Net $ 38,171      
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 $ 5,082      
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 53,957      
Total 60,529      
Accumulated Depreciation (23,253)      
Net $ 37,276      
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 $ 5,047      
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 23,682      
Total 25,923      
Accumulated Depreciation (9,929)      
Net $ 15,994      
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 $ 5,248      
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 53,853      
Total 59,085      
Accumulated Depreciation (24,556)      
Net $ 34,529      
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 $ 8,715      
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 35,391      
Total 39,081      
Accumulated Depreciation (13,043)      
Net $ 26,038      
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 $ 5,481      
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 129,271      
Total 148,705      
Accumulated Depreciation (43,025)      
Net $ 105,680      
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 $ 30,983      
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 51,332      
Total 57,163      
Accumulated Depreciation (27,977)      
Net $ 29,186      
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 $ 29,352      
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 32,928      
Total 37,623      
Accumulated Depreciation (18,070)      
Net $ 19,553      
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 $ 3,921      
Wholly Owned Properties - Residential | MAA Vale        
Real Estate And Accumulated Depreciation [Line Items]        
Location Raleigh, NC      
Initial Cost Land $ 8,422      
Initial Cost Buildings and Fixtures 72,220      
Gross Amount, Land 8,422      
Gross Amount, Buildings and Fixtures 72,831      
Total 81,253      
Accumulated Depreciation (1,884)      
Net $ 79,369      
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, 2024      
Wholly Owned Properties - Residential | MAA Vale | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 611      
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 33,806      
Total 37,897      
Accumulated Depreciation (15,364)      
Net $ 22,533      
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 Desert Vista | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 3,980      
Wholly Owned Properties - Residential | Colonial Grand at Palm Vista        
Real Estate And Accumulated Depreciation [Line Items]        
Initial Cost Land 4,909      
Initial Cost Buildings and Fixtures 25,643      
Gross Amount, Land 4,909      
Gross Amount, Buildings and Fixtures 32,993      
Total 37,902      
Accumulated Depreciation (15,557)      
Net $ 22,345      
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 Palm Vista | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 7,350      
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 8,926      
Total 9,353      
Accumulated Depreciation (6,374)      
Net $ 2,979      
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 $ 5,073      
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 83,451      
Total 102,130      
Accumulated Depreciation (18,876)      
Net $ 83,254      
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 $ 19,692      
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 36,507      
Total 40,117      
Accumulated Depreciation (15,426)      
Net $ 24,691      
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 $ 7,862      
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 35,645      
Total 39,616      
Accumulated Depreciation (15,334)      
Net $ 24,282      
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 $ 12,855      
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 28,624      
Total 33,195      
Accumulated Depreciation (13,492)      
Net $ 19,703      
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 $ 8,533      
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 33,105      
Total 34,025      
Accumulated Depreciation (14,590)      
Net $ 19,435      
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 $ 9,008      
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 43,631      
Total 52,462      
Accumulated Depreciation (12,051)      
Net $ 40,411      
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 $ 4,201      
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 11,900      
Total 12,810      
Accumulated Depreciation (10,586)      
Net $ 2,224      
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 $ 3,693      
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 20,566      
Total 21,887      
Accumulated Depreciation (9,755)      
Net $ 12,132      
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 $ 6,403      
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 8,350      
Total 8,832      
Accumulated Depreciation (6,285)      
Net $ 2,547      
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 $ 4,013      
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 18,860      
Total 20,164      
Accumulated Depreciation (14,543)      
Net $ 5,621      
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 $ 7,120      
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 55,760      
Total 60,197      
Accumulated Depreciation (15,800)      
Net $ 44,397      
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 $ 3,734      
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 15,525      
Total 16,725      
Accumulated Depreciation (12,244)      
Net $ 4,481      
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 $ 4,725      
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 9,592      
Total 9,952      
Accumulated Depreciation (7,215)      
Net $ 2,737      
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 $ 6,667      
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 10,386      
Total 10,969      
Accumulated Depreciation (7,757)      
Net $ 3,212      
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 $ 5,012      
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 70,482      
Total 75,909      
Accumulated Depreciation (10,250)      
Net $ 65,659      
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 $ 3,936      
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 19,468      
Total 20,564      
Accumulated Depreciation (12,863)      
Net $ 7,701      
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 $ 12,199      
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 41,102      
Total 43,882      
Accumulated Depreciation (18,118)      
Net $ 25,764      
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 $ 7,136      
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 22,256      
Total 23,472      
Accumulated Depreciation (10,931)      
Net $ 12,541      
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, 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 $ 3,590      
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 10,206      
Total 10,929      
Accumulated Depreciation (8,162)      
Net $ 2,767      
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 $ 3,702      
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 16,614      
Total 18,717      
Accumulated Depreciation (8,273)      
Net $ 10,444      
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 $ 7,427      
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 30,731      
Total 33,531      
Accumulated Depreciation (17,745)      
Net $ 15,786      
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 | MAA Farm Springs | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 4,436      
Wholly Owned Properties - Residential | MAA Hamilton        
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 20,362      
Total 21,493      
Accumulated Depreciation (11,697)      
Net $ 9,796      
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 | MAA Hamilton | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 9,730      
Wholly Owned Properties - Residential | MAA Heritage Park        
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 18,141      
Total 19,113      
Accumulated Depreciation (10,507)      
Net $ 8,606      
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 | MAA Heritage Park | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 9,187      
Wholly Owned Properties - Residential | MAA Cloverdale        
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 7,975      
Total 8,192      
Accumulated Depreciation (5,057)      
Net $ 3,135      
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 | MAA Cloverdale | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,018      
Wholly Owned Properties - Residential | MAA 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 13,778      
Total 14,595      
Accumulated Depreciation (10,446)      
Net $ 4,149      
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 | MAA Windridge | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,362      
Wholly Owned Properties - Residential | MAA 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 22,967      
Total 24,115      
Accumulated Depreciation (18,104)      
Net $ 6,011      
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 | MAA Kirby Station | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 12,630      
Wholly Owned Properties - Residential | MAA Southwind        
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 41,696      
Total 43,194      
Accumulated Depreciation (33,467)      
Net $ 9,727      
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 | MAA Southwind | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 21,213      
Wholly Owned Properties - Residential | MAA 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 5,479      
Total 5,657      
Accumulated Depreciation (4,190)      
Net $ 1,467      
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 | MAA Park Estate | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 4,338      
Wholly Owned Properties - Residential | MAA 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 69,237      
Total 72,644      
Accumulated Depreciation (40,020)      
Net $ 32,624      
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 Dexter Lake | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 53,194      
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 20,836      
Total 21,751      
Accumulated Depreciation (13,052)      
Net $ 8,699      
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 $ 6,062      
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 62,661      
Total 75,422      
Accumulated Depreciation (16,003)      
Net $ 59,419      
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 $ 3,755      
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 32,176      
Total 37,126      
Accumulated Depreciation (14,623)      
Net $ 22,503      
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 $ 4,123      
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 28,700      
Total 32,156      
Accumulated Depreciation (13,834)      
Net $ 18,322      
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 $ 6,257      
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 22,533      
Total 23,724      
Accumulated Depreciation (16,929)      
Net $ 6,795      
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 $ 11,794      
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 58,066      
Total 65,964      
Accumulated Depreciation (13,062)      
Net $ 52,902      
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 $ 3,586      
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 74,931      
Total 92,124      
Accumulated Depreciation (28,260)      
Net $ 63,864      
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 $ 10,735      
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 47,274      
Total 50,237      
Accumulated Depreciation (27,904)      
Net $ 22,333      
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 $ 13,601      
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 37,935      
Total 40,671      
Accumulated Depreciation (25,405)      
Net $ 15,266      
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 $ 9,033      
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 25,557      
Total 27,081      
Accumulated Depreciation (20,918)      
Net $ 6,163      
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 $ 10,757      
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 55,666      
Total 62,336      
Accumulated Depreciation (18,360)      
Net $ 43,976      
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 $ 55,666      
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 35,292      
Total 38,642      
Accumulated Depreciation (17,130)      
Net $ 21,512      
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 $ 6,984      
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 29,099      
Total 30,697      
Accumulated Depreciation (19,488)      
Net $ 11,209      
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 $ 14,701      
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 37,014      
Total 40,635      
Accumulated Depreciation (16,491)      
Net $ 24,144      
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 $ 4,877      
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 25,702      
Total 29,480      
Accumulated Depreciation (12,200)      
Net $ 17,280      
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 $ 5,501      
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 32,750      
Total 35,881      
Accumulated Depreciation (14,734)      
Net $ 21,147      
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 $ 3,375      
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 38,388      
Total 43,290      
Accumulated Depreciation (17,693)      
Net $ 25,597      
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 $ 5,378      
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 37,256      
Total 40,978      
Accumulated Depreciation (16,156)      
Net $ 24,822      
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 $ 4,973      
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 50,523      
Total 55,144      
Accumulated Depreciation (20,517)      
Net $ 34,627      
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 $ 16,062      
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 18,729      
Total 21,879      
Accumulated Depreciation (11,160)      
Net $ 10,719      
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 $ 7,336      
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 25,113      
Total 26,953      
Accumulated Depreciation (19,631)      
Net $ 7,322      
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 $ 8,553      
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 55,773      
Total 64,873      
Accumulated Depreciation (24,208)      
Net $ 40,665      
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 $ 6,434      
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 27,301      
Total 35,984      
Accumulated Depreciation (9,008)      
Net $ 26,976      
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 $ 5,804      
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 23,140      
Total 27,793      
Accumulated Depreciation (7,242)      
Net $ 20,551      
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 $ 3,312      
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 105,381      
Total 125,923      
Accumulated Depreciation (30,678)      
Net $ 95,245      
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 $ 31,288      
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 55,735      
Total 63,540      
Accumulated Depreciation (20,429)      
Net $ 43,111      
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 $ 6,892      
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 31,638      
Total 34,538      
Accumulated Depreciation (19,151)      
Net $ 15,387      
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 $ 7,629      
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 23,428      
Total 25,709      
Accumulated Depreciation (12,951)      
Net $ 12,758      
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 $ 17,259      
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 26,793      
Total 28,198      
Accumulated Depreciation (16,543)      
Net $ 11,655      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction Dec. 31, 1977      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 1997      
Wholly Owned Properties - Residential | MAA Barton Skyway | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 14,024      
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 54,931      
Total 59,937      
Accumulated Depreciation (7,604)      
Net $ 52,333      
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 $ 54,931      
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 37,550      
Total 42,532      
Accumulated Depreciation (16,526)      
Net $ 26,006      
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 $ 10,173      
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 47,526      
Total 50,635      
Accumulated Depreciation (21,560)      
Net $ 29,075      
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 $ 14,038      
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 46,403      
Total 50,634      
Accumulated Depreciation (19,470)      
Net $ 31,164      
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 $ 4,166      
Wholly Owned Properties - Residential | MAA Cedar park        
Real Estate And Accumulated Depreciation [Line Items]        
Initial Cost Land 7,232      
Initial Cost Buildings and Fixtures 56,640      
Gross Amount, Land 7,232      
Gross Amount, Buildings and Fixtures 66,015      
Total 73,247      
Accumulated Depreciation (28,949)      
Net $ 44,298      
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 $ 9,375      
Wholly Owned Properties - Residential | MAA 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 30,426      
Total 34,307      
Accumulated Depreciation (10,864)      
Net $ 23,443      
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 Grand Cypress | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,159      
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 40,081      
Total 44,131      
Accumulated Depreciation (16,095)      
Net $ 28,036      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction Dec. 31, 2007      
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 $ 6,302      
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 15,888      
Total 16,876      
Accumulated Depreciation (11,286)      
Net $ 5,590      
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 $ 6,995      
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 31,277      
Total 34,007      
Accumulated Depreciation (17,980)      
Net $ 16,027      
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 $ 9,037      
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 47,211      
Total 52,227      
Accumulated Depreciation (20,923)      
Net $ 31,304      
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 $ 6,120      
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 134,126      
Total 148,971      
Accumulated Depreciation (43,480)      
Net $ 105,491      
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 $ 67,555      
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 55,898      
Total 90,663      
Accumulated Depreciation (18,862)      
Net $ 71,801      
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 $ 15,771      
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 56,711      
Total 70,424      
Accumulated Depreciation (17,501)      
Net $ 52,923      
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 $ 13,443      
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 5,838      
Total 8,549      
Accumulated Depreciation (1,851)      
Net $ 6,698      
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 $ 1,469      
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 226,142      
Total 238,450      
Accumulated Depreciation (72,484)      
Net $ 165,966      
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 $ 36,723      
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 21,160      
Total 34,190      
Accumulated Depreciation (7,365)      
Net $ 26,825      
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 $ 6,777      
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 65,224      
Total 72,358      
Accumulated Depreciation (22,195)      
Net $ 50,163      
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 $ 7,129      
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 11,830      
Total 16,221      
Accumulated Depreciation (3,961)      
Net $ 12,260      
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 $ 3,920      
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 47,432      
Total 73,677      
Accumulated Depreciation (15,170)      
Net $ 58,507      
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 $ 9,510      
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 36,191      
Total 46,524      
Accumulated Depreciation (10,826)      
Net $ 35,698      
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 $ 3,735      
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 67,922      
Total 74,497      
Accumulated Depreciation (20,518)      
Net $ 53,979      
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 $ 12,645      
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 16,057      
Total 24,837      
Accumulated Depreciation (5,346)      
Net $ 19,491      
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 $ 2,403      
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 47,009      
Total 81,983      
Accumulated Depreciation (16,180)      
Net $ 65,803      
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 $ 13,796      
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 20,070      
Total 21,030      
Accumulated Depreciation (12,445)      
Net $ 8,585      
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 $ 5,632      
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 39,754      
Total 46,207      
Accumulated Depreciation (18,092)      
Net $ 28,115      
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 $ 9,706      
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 38,939      
Total 41,110      
Accumulated Depreciation (15,934)      
Net $ 25,176      
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 $ 3,862      
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 30,489      
Total 33,729      
Accumulated Depreciation (14,640)      
Net $ 19,089      
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 $ 4,420      
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 41,527      
Total 43,878      
Accumulated Depreciation (17,838)      
Net $ 26,040      
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 $ 11,770      
Wholly Owned Properties - Residential | MAA 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 29,158      
Total 32,623      
Accumulated Depreciation (11,160)      
Net $ 21,463      
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 Greenwood Forest | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,676      
Wholly Owned Properties - Residential | MAA 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 26,042      
Total 28,184      
Accumulated Depreciation (17,263)      
Net $ 10,921      
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 | MAA Legacy Pines | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,976      
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 22,755      
Total 24,816      
Accumulated Depreciation (12,492)      
Net $ 12,324      
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 $ 6,925      
Wholly Owned Properties - Residential | MAA 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 36,968      
Total 44,194      
Accumulated Depreciation (12,165)      
Net $ 32,029      
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 | MAA 510 | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 3,602      
Wholly Owned Properties - Residential | MAA 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 71,895      
Total 83,398      
Accumulated Depreciation (24,671)      
Net $ 58,727      
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 Afton Oaks | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,426      
Wholly Owned Properties - Residential | MAA 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 103,145      
Total 122,183      
Accumulated Depreciation (33,806)      
Net $ 88,377      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2016      
Wholly Owned Properties - Residential | MAA 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 | MAA 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 | MAA Midtown Square | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 13,575      
Wholly Owned Properties - Residential | MAA 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 21,085      
Total 22,565      
Accumulated Depreciation (11,596)      
Net $ 10,969      
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 Ranchstone | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,278      
Wholly Owned Properties - Residential | MAA Woodwind        
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 29,521      
Total 31,489      
Accumulated Depreciation (16,110)      
Net $ 15,379      
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 | MAA Woodwind | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 9,593      
Wholly Owned Properties - Residential | MAA 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 45,775      
Total 53,986      
Accumulated Depreciation (12,279)      
Net $ 41,707      
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 | MAA Vintage Park | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,423      
Wholly Owned Properties - Residential | MAA 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 49,391      
Total 55,376      
Accumulated Depreciation (26,311)      
Net $ 29,065      
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 | MAA Fall Creek | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 9,380      
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 68,973      
Total 82,080      
Accumulated Depreciation (16,359)      
Net $ 65,721      
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 $ 6,209      
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 46,558      
Total 55,589      
Accumulated Depreciation (8,169)      
Net $ 47,420      
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 Park Point | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 46,558      
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 34,120      
Total 36,641      
Accumulated Depreciation (15,421)      
Net $ 21,220      
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 $ 7,688      
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 55,174      
Total 60,246      
Accumulated Depreciation (26,071)      
Net $ 34,175      
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 $ (17,777)      
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 46,849      
Total 50,751      
Accumulated Depreciation (18,829)      
Net $ 31,922      
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 $ 6,158      
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 42,475      
Total 46,865      
Accumulated Depreciation (17,775)      
Net $ 29,090      
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, 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 $ 20,653      
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 36,343      
Total 37,473      
Accumulated Depreciation (17,581)      
Net $ 19,892      
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 $ 8,285      
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 26,400      
Total 30,434      
Accumulated Depreciation (9,533)      
Net $ 20,901      
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 $ 6,872      
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 120,905      
Total 137,799      
Accumulated Depreciation (31,851)      
Net $ 105,948      
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 $ 10,200      
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 13,242      
Total 14,106      
Accumulated Depreciation (9,724)      
Net $ 4,382      
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 $ 5,459      
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 39,872      
Total 43,145      
Accumulated Depreciation (26,330)      
Net $ 16,815      
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 $ 11,049      
Wholly Owned Properties - Residential | MAA Cathedral Arts        
Real Estate And Accumulated Depreciation [Line Items]        
Location Dallas, TX      
Initial Cost Land $ 13,511      
Initial Cost Buildings and Fixtures 91,568      
Gross Amount, Land 13,511      
Gross Amount, Buildings and Fixtures 91,633      
Total 105,144      
Accumulated Depreciation (811)      
Net $ 104,333      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction Dec. 31, 2024      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2024      
Wholly Owned Properties - Residential | MAA Cathedral Arts | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 65      
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 38,985      
Total 42,367      
Accumulated Depreciation (22,973)      
Net $ 19,394      
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 $ 12,055      
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 50,133      
Total 54,299      
Accumulated Depreciation (16,588)      
Net $ 37,711      
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 $ 50,133      
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 41,864      
Total 47,375      
Accumulated Depreciation (18,497)      
Net $ 28,878      
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 $ 5,623      
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 51,515      
Total 56,206      
Accumulated Depreciation (22,249)      
Net $ 33,957      
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 $ 6,136      
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 23,485      
Total 26,046      
Accumulated Depreciation (10,935)      
Net $ 15,111      
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 $ 6,997      
Wholly Owned Properties - Residential | MAA 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 32,371      
Total 34,751      
Accumulated Depreciation (15,416)      
Net $ 19,335      
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 Alamo Ranch | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,389      
Wholly Owned Properties - Residential | MAA Bulverde        
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 40,641      
Total 44,898      
Accumulated Depreciation (11,326)      
Net $ 33,572      
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 | MAA Bulverde | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 3,882      
Wholly Owned Properties - Residential | MAA 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 52,862      
Total 58,273      
Accumulated Depreciation (22,626)      
Net $ 35,647      
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 | MAA Haven at Blanco | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 6,904      
Wholly Owned Properties - Residential | MAA 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 30,459      
Total 34,459      
Accumulated Depreciation (15,538)      
Net $ 18,921      
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 | MAA Westover Hills | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,467      
Wholly Owned Properties - Residential | MAA Cypresswood        
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 13,431      
Total 14,007      
Accumulated Depreciation (8,153)      
Net $ 5,854      
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 Cypresswood | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 8,241      
Wholly Owned Properties - Residential | MAA 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 23,289      
Total 25,207      
Accumulated Depreciation (13,697)      
Net $ 11,510      
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 Kirkwood | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 7,443      
Wholly Owned Properties - Residential | MAA Valleywood        
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 14,499      
Total 15,038      
Accumulated Depreciation (7,911)      
Net $ 7,127      
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 Valleywood | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 9,649      
Wholly Owned Properties - Residential | Novel Daybreak        
Real Estate And Accumulated Depreciation [Line Items]        
Location Salt Lake City, UT      
Initial Cost Land $ 7,025      
Initial Cost Buildings and Fixtures 0      
Gross Amount, Land 7,025      
Gross Amount, Buildings and Fixtures 88,069      
Total 95,094      
Accumulated Depreciation (5,623)      
Net $ 89,471      
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, 2021      
Wholly Owned Properties - Residential | Novel Daybreak | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 88,069      
Wholly Owned Properties - Residential | MAA Stonefield        
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 39,832      
Total 50,876      
Accumulated Depreciation (11,398)      
Net $ 39,478      
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 | MAA Stonefield | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 3,143      
Wholly Owned Properties - Residential | MAA 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 36,662      
Total 41,942      
Accumulated Depreciation (16,460)      
Net $ 25,482      
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 Adalay Bay | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,321      
Wholly Owned Properties - Residential | MAA 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 54,285      
Total 65,275      
Accumulated Depreciation (17,810)      
Net $ 47,465      
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 Cobblestone Square | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,589      
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 29,084      
Total 33,926      
Accumulated Depreciation (11,547)      
Net $ 22,379      
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 $ 7,407      
Wholly Owned Properties - Residential | MAA Seasons        
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 76,800      
Total 91,290      
Accumulated Depreciation (27,686)      
Net $ 63,604      
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 | MAA Seasons | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 44,717      
Wholly Owned Properties - Residential | MAA Cosners 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 55,925      
Total 68,750      
Accumulated Depreciation (15,984)      
Net $ 52,766      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2013      
Wholly Owned Properties - Residential | MAA Cosners 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 | MAA Cosners 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 | MAA Cosners Corner | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 4,847      
Wholly Owned Properties - Residential | MAA Glen Allen        
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 27,202      
Total 32,053      
Accumulated Depreciation (12,264)      
Net $ 19,789      
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 Glen Allen | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 5,524      
Wholly Owned Properties - Residential | MAA 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 23,437      
Total 28,098      
Accumulated Depreciation (10,374)      
Net $ 17,724      
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 West End | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 4,529      
Wholly Owned Properties - Residential | MAA Township        
Real Estate And Accumulated Depreciation [Line Items]        
Location Hampton, VA      
Initial Cost Land $ 1,509      
Initial Cost Buildings and Fixtures 8,189      
Gross Amount, Land 1,509      
Gross Amount, Buildings and Fixtures 24,942      
Total 26,451      
Accumulated Depreciation (14,122)      
Net $ 12,329      
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 Township | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 16,753      
Wholly Owned Properties - Residential | MAA Pavilion Place        
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 37,346      
Total 44,079      
Accumulated Depreciation (16,866)      
Net $ 27,213      
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 | MAA Pavilion Place | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 8,125      
Wholly Owned Properties - Residential | MAA 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 47,595      
Total 52,635      
Accumulated Depreciation (13,124)      
Net $ 39,511      
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 | MAA Radius | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 11,114      
Wholly Owned Properties - Residential | MAA 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 36,046      
Total 42,067      
Accumulated Depreciation (15,779)      
Net $ 26,288      
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 Chase Gayton | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 7,042      
Wholly Owned Properties - Residential | MAA 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 47,243      
Total 52,173      
Accumulated Depreciation (20,196)      
Net $ 31,977      
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 | MAA Hunton Park | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 11,645      
Wholly Owned Properties - Residential | MAA 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 53,053      
Total 63,165      
Accumulated Depreciation (13,387)      
Net $ 49,778      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2015      
Wholly Owned Properties - Residential | MAA 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 | MAA 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 | MAA West Creek | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 16,917      
Wholly Owned Properties - Residential | MAA 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 161,716      
Total 191,444      
Accumulated Depreciation (49,652)      
Net $ 141,792      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2016      
Wholly Owned Properties - Residential | MAA 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 | MAA 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 | MAA Carlyle Square | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 7,407      
Wholly Owned Properties - Residential | MAA Centreville        
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 78,005      
Total 85,669      
Accumulated Depreciation (23,331)      
Net $ 62,338      
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 Centreville | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 7,993      
Wholly Owned Properties - Residential | MAA 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 67,172      
Total 84,696      
Accumulated Depreciation (21,193)      
Net $ 63,503      
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 | MAA Fallsgrove | 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 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 144,650      
Total 175,102      
Accumulated Depreciation (46,342)      
Net $ 128,760      
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 $ 19,559      
Wholly Owned Properties - Residential | MAA 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 96,925      
Total 127,701      
Accumulated Depreciation (29,597)      
Net $ 98,104      
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 Tysons Corner | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 14,904      
Retail Properties | MAA 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 3,982      
Total 4,101      
Accumulated Depreciation (793)      
Net $ 3,308      
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 | MAA 220 Riverside Retail | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 1,080      
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 13,726      
Total 14,468      
Accumulated Depreciation (4,177)      
Net $ 10,291      
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 $ 1,802      
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 814      
Total 814      
Accumulated Depreciation (75)      
Net $ 739      
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 $ 251      
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 4,757      
Total 5,143      
Accumulated Depreciation (1,389)      
Net $ 3,754      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction Dec. 31, 1997      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2016      
Retail Properties | MAA Harbour Island Retail | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 442      
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 502      
Total 536      
Accumulated Depreciation (351)      
Net $ 185      
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 | 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 $ 451      
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 4,102      
Total 4,370      
Accumulated Depreciation (1,762)      
Net $ 2,608      
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 $ 69      
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 4,517      
Total 5,384      
Accumulated Depreciation (1,762)      
Net $ 3,622      
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 $ 1,052      
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 1,134      
Total 1,560      
Accumulated Depreciation (347)      
Net $ 1,213      
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 $ 45      
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 38,410      
Total 48,090      
Accumulated Depreciation (12,624)      
Net $ 35,466      
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 $ 16,302      
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 5,195      
Total 6,084      
Accumulated Depreciation (1,603)      
Net $ 4,481      
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 $ 2,855      
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 1,211      
Total 2,303      
Accumulated Depreciation (647)      
Net $ 1,656      
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 $ 243      
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 10,806      
Total 14,214      
Accumulated Depreciation (3,665)      
Net $ 10,549      
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 $ 2,360      
Retail Properties | MAA Denton Pointe 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 6,139      
Total 6,839      
Accumulated Depreciation (1,677)      
Net $ 5,162      
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 | MAA Denton Pointe Retail | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 1,700      
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 466      
Total 518      
Accumulated Depreciation (227)      
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 $ 267      
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 1,534      
Total 1,852      
Accumulated Depreciation (474)      
Net $ 1,378      
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 $ 104      
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 1,606      
Total 2,076      
Accumulated Depreciation (486)      
Net $ 1,590      
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 $ 317      
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 1,170      
Total 1,489      
Accumulated Depreciation (356)      
Net $ 1,133      
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 $ 26      
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 2,030      
Total 3,320      
Accumulated Depreciation (541)      
Net $ 2,779      
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 $ 542      
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 2,273      
Total 2,273      
Accumulated Depreciation (495)      
Net $ 1,778      
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 $ 144      
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 4,769      
Total 5,086      
Accumulated Depreciation (1,888)      
Net $ 3,198      
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 $ 217      
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 3,840      
Total 4,261      
Accumulated Depreciation (1,108)      
Net $ 3,153      
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 $ 768      
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 7,397      
Total 8,176      
Accumulated Depreciation (2,471)      
Net $ 5,705      
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 $ 804      
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 6,495      
Total 8,076      
Accumulated Depreciation (1,933)      
Net $ 6,143      
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 $ 513      
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 (309)      
Net $ 716      
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 7,473      
Total 8,868      
Accumulated Depreciation (2,312)      
Net $ 6,556      
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 $ 3,193      
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 25,301      
Total 25,749      
Accumulated Depreciation (8,069)      
Net $ 17,680      
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 $ 3,915      
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 (309)      
Net $ 895      
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 11,661      
Total 12,343      
Accumulated Depreciation (3,480)      
Net $ 8,863      
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 $ 1,016      
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 4,309      
Total 5,374      
Accumulated Depreciation (1,273)      
Net $ 4,101      
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 $ 995      
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 5,124      
Total 5,589      
Accumulated Depreciation (1,455)      
Net $ 4,134      
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 $ 241      
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 3,916      
Total 4,066      
Accumulated Depreciation (1,139)      
Net $ 2,927      
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 $ 582      
Retail Properties | MAA 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 16,998      
Total 18,320      
Accumulated Depreciation (5,078)      
Net $ 13,242      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2016      
Retail Properties | MAA 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 | MAA 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 | MAA Midtown Square Retail | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 993      
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 (719)      
Net $ 1,629      
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 (189)      
Net $ 264      
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 7,793      
Total 8,046      
Accumulated Depreciation (2,089)      
Net $ 5,957      
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 $ 6,483      
Retail Properties | MAA 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 8,290      
Total 9,338      
Accumulated Depreciation (2,472)      
Net $ 6,866      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2016      
Retail Properties | MAA 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 | MAA 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 | MAA Carlyle Square Retail | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 360      
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 222,269      
Total 253,756      
Accumulated Depreciation (69,744)      
Net 184,012      
Retail Properties | Total Retail Commercial Properties | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 50,984      
Development Properties [Member] | MAA Milepost 35        
Real Estate And Accumulated Depreciation [Line Items]        
Location Denver, CO      
Initial Cost Land $ 22,280      
Gross Amount, Land 22,280      
Gross Amount, Buildings and Fixtures 116,396      
Total 138,676      
Accumulated Depreciation (2,219)      
Net $ 136,457      
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 $ 116,396      
Development Properties [Member] | MAA Nixie        
Real Estate And Accumulated Depreciation [Line Items]        
Location Raleigh, NC      
Initial Cost Land $ 15,328      
Initial Cost Buildings and Fixtures 0      
Gross Amount, Land 15,328      
Gross Amount, Buildings and Fixtures 119,005      
Total 134,333      
Net $ 134,072      
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 $ 119,005      
Development Properties [Member] | Modera South Park        
Real Estate And Accumulated Depreciation [Line Items]        
Net $ 100,492      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2024      
Development Properties [Member] | Modera Liberty Row        
Real Estate And Accumulated Depreciation [Line Items]        
Location Charlotte, NC      
Initial Cost Land $ 14,579      
Initial Cost Buildings and Fixtures 60,473      
Gross Amount, Land 14,579      
Gross Amount, Buildings and Fixtures 85,913      
Total 100,492      
Development Properties [Member] | Modera Liberty Row | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 25,440      
Development Properties [Member] | MAA Plaza Midwood        
Real Estate And Accumulated Depreciation [Line Items]        
Location Charlotte, NC      
Initial Cost Land $ 9,778      
Gross Amount, Land 9,778      
Gross Amount, Buildings and Fixtures 19,328      
Total 29,106      
Net $ 29,106      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2022      
Development Properties [Member] | MAA Plaza Midwood | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 19,328      
Development Properties [Member] | Modera Chandler        
Real Estate And Accumulated Depreciation [Line Items]        
Location Phoenix, AZ      
Initial Cost Land $ 10,935      
Gross Amount, Land 10,935      
Gross Amount, Buildings and Fixtures 23,134      
Total 34,069      
Net $ 34,069      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2024      
Development Properties [Member] | Modera Chandler | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 23,134      
Development Properties [Member] | MAA Porter        
Real Estate And Accumulated Depreciation [Line Items]        
Location Richmond, VA      
Initial Cost Land $ 11,504      
Gross Amount, Land 11,504      
Gross Amount, Buildings and Fixtures 4,490      
Total 15,994      
Net $ 15,994      
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired Dec. 31, 2024      
Development Properties [Member] | MAA Porter | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ 4,490      
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 133,040      
Total 156,554      
Net $ 156,554      
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 $ 133,040      
Development Properties [Member] | Total Active Development Properties        
Real Estate And Accumulated Depreciation [Line Items]        
Initial Cost Land 107,918      
Initial Cost Buildings and Fixtures 60,473      
Gross Amount, Land 107,918      
Gross Amount, Buildings and Fixtures 501,306      
Total 609,224      
Accumulated Depreciation (2,480)      
Net 606,744      
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 440,833      
Real Estate [Member] | Total Properties        
Real Estate And Accumulated Depreciation [Line Items]        
Initial Cost Land 2,082,922      
Initial Cost Buildings and Fixtures 10,528,585      
Gross Amount, Land 2,082,922      
Gross Amount, Buildings and Fixtures 14,606,018      
Total 16,688,940      
Accumulated Depreciation (5,327,056)      
Net 11,361,884      
Real Estate [Member] | Total Properties | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures 4,077,433      
Land Improvements | Total Land Held For Future Developments        
Real Estate And Accumulated Depreciation [Line Items]        
Initial Cost Land 73,359      
Gross Amount, Land 73,359      
Total 73,359      
Net 73,359      
Corporate Real Estate Owned | Corporate Properties        
Real Estate And Accumulated Depreciation [Line Items]        
Initial Cost Buildings and Fixtures 42,947      
Gross Amount, Buildings and Fixtures 5,973      
Total 3,225      
Accumulated Depreciation (435)      
Net 2,790      
Corporate Real Estate Owned | Corporate Properties including Fairways and TPC Columbia        
Real Estate And Accumulated Depreciation [Line Items]        
Investment held for sale (2,748)      
Corporate Real Estate Owned | Corporate Properties including Fairways and TPC Columbia | Land        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures (2,748)      
Corporate Real Estate Owned | Corporate Properties including Fairways and TPC Columbia | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Investment held for sale (36,974)      
Other Real Estate Owned | Total Other        
Real Estate And Accumulated Depreciation [Line Items]        
Initial Cost Land 90,097      
Initial Cost Buildings and Fixtures 42,947      
Gross Amount, Land 87,349      
Gross Amount, Buildings and Fixtures 25,063      
Total 112,412      
Accumulated Depreciation (528)      
Net 111,884      
Other Real Estate Owned | Total Other | Land        
Real Estate And Accumulated Depreciation [Line Items]        
Investment held for sale (2,748)      
Other Real Estate Owned | Total Other | Buildings and Fixtures        
Real Estate And Accumulated Depreciation [Line Items]        
Costs Capitalized Subsequent to Acquisition Buildings and Fixtures $ (17,884)      
v3.25.0.1
Schedule III Real Estate and Accumulated Depreciation (Parenthetical) (Details)
$ in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Real Estate And Accumulated Depreciation [Line Items]  
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis $ 13,200.0
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 $ 172.0
Derivative cap interest rate (percent) 4.44%
Derivative termination date Jan. 10, 2049
v3.25.0.1
Schedule III Real Estate and Accumulated Depreciation [Schedule] (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Real estate investments:      
Balance at beginning of year $ 16,006,618 $ 15,246,658 $ 14,704,237
Acquisitions [1] 377,144 223,735 272,342
Less: FMV of leases included in acquisitions (2,371) (2,050) (1,505)
Improvement and development 581,050 546,237 469,661
Assets held for sale (39,724)    
Disposition of real estate assets [2] (121,365) (7,962) (198,077)
Balance at end of year 16,801,352 16,006,618 15,246,658
Accumulated depreciation:      
Balance at beginning of year 4,864,690 4,302,747 3,848,161
Depreciation 581,539 562,760 540,708
Assets held for sale (30,218)    
Disposition of real estate assets [2] (88,427) (817) (86,122)
Balance at end of year $ 5,327,584 $ 4,864,690 $ 4,302,747
[1] Includes non-cash activity related to acquisitions.
[2] Includes assets sold, casualty losses and removal of certain fully depreciated assets.