-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WQQLni36TQrB3pcwVZ5gL0jzmb6f/Bocfm4SDoi5O/eShUwCTccPkMkOASTBREl/ tNbbdLjJi0UGyFE4NI1Qxw== 0000912595-10-000079.txt : 20101215 0000912595-10-000079.hdr.sgml : 20101215 20101215091425 ACCESSION NUMBER: 0000912595-10-000079 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101215 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101215 DATE AS OF CHANGE: 20101215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MID AMERICA APARTMENT COMMUNITIES INC CENTRAL INDEX KEY: 0000912595 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 621543819 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12762 FILM NUMBER: 101252273 BUSINESS ADDRESS: STREET 1: 6584 POPLAR AVE STREET 2: STE 340 CITY: MEMPHIS STATE: TN ZIP: 38138 BUSINESS PHONE: 9016826600 MAIL ADDRESS: STREET 1: 6584 POPLAR AVE STREET 2: SUITE 340 CITY: MEMPHIS STATE: TN ZIP: 38138 8-K 1 form_8-k.htm MAA 8-K 12/15/2010 form_8-k.htm



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) December 15, 2010 (December 15, 2010)

MID-AMERICA APARTMENT COMMUNITIES, INC.
(Exact name of registrant as specified in its charter)

TENNESSEE
1-12762
62-1543819
(State of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

6584 Poplar Avenue, Suite 300
 
Memphis, Tennessee
38138
(Address of principal executive offices)
(Zip Code)

(Registrant's telephone number, including area code):  (901) 682-6600

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[    ]
Written communications  pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[    ]
Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[    ]
Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the Exchange Act (17 CFR 240.14d-2(b))
[    ]
Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

 

ITEM 7.01                      Regulation FD Disclosure

On December 15, 2010, the registrant issued a press release announcing the acquisitions of the Bella Casita apartment community located in the Las Colinas submarket of the Dallas/Fort Worth metropolitan area, as well as the 1225 South Church apartments located in Charlotte, North Carolina.   A copy of the press release is furnished as Exhibit 99.1 to this Current Report.

ITEM 9.01                      Financial Statements and Exhibits

(c)
Exhibits
   
       
 
Exhibit Number
 
Description
 
99.1
 
Press Release dated December 15, 2010
       
       
 
 
 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


 
MID-AMERICA APARTMENT COMMUNITIES, INC.
Date: December 15, 2010
/s/Albert M. Campbell, III
 
Albert M. Campbell, III
 
Executive Vice President and Chief Financial Officer
 
(Principal Financial and Accounting Officer)






EX-99.1 2 ex_99-1.htm EXHINIT 99.1 PRESS RELEASE DATED 12/15/2010 ex_99-1.htm



MID-AMERICA APARTMENT COMMUNITIES, INC.
A self-managed equity REIT


MAA ANNOUNCES ACQUISITIONS


Memphis, TN, December 14, 2010.  Mid-America Apartment Communities, Inc. (NYSE: MAA) announced today that it has acquired two new apartment communities and entered the Charlotte, North Carolina market.

On December 1, 2010, MAA acquired the 268-unit Bella Casita apartment community. The high-end, mid-rise multifamily and retail development was completed in 2007 and is located in Las Colinas, a highly desirable submarket in the Dallas/Fort Worth market. The Las Colinas area is home to five Fortune 500 world headquarters and is one of the fastest growing areas in the Dallas/Fort Worth metropolitan area. Bella Casita offers residents large floor plans, gourmet kitchen islands, 9 and 10 foot ceilings, a state of the art fitness center and adjacent access to the new Orange Line of the Dallas Area Rapid Transit system connecting downtown, Las Colinas and the Dallas/Fort Worth International Airport.

On December 13, 2010, MAA acquired the 1225 South Church apartments located in the South End area of Charlotte, North Carolina. The new apartment community currently consists of 196 apartment homes and represents Phase I of a planned 406-unit community. MAA expects to begin development of Phase II during the second half of 2011. Phase I is in its initial lease-up and is currently 41% occupied. The apartment community offers up-scale living with all homes including large wrap-around kitchens, chestnut plank flooring, stainless steel appliances and spacious walk-in closets.  Residents enjoy access to two heated salt-water pools, an outdoor summer kitchen area, upscale fitness facility and multiple gaming areas.

Commenting on the new acquisition in Charlotte, Al Campbell, EVP and CFO said, “We believe the long-term employment and economic outlook for the Charlotte market is very positive and are excited to be entering this market. Charlotte is a terrific fit with our operating footprint and provides a cost efficient expansion of our Carolina operating region.”

The acquisitions, totaling $57 million, were funded by borrowings under existing credit facilities and common stock issuances through MAA’s at-the-market program.

 
MAA is a self-administered, self-managed apartment-only real estate investment trust which currently owns or has ownership interest in 46,308 apartment units throughout the Sunbelt Region of the U.S. For further details, please refer to our website at www.maac.net or contact Investor Relations at investor.relations@maac.net or by mail at 6584 Poplar Avenue, Memphis, TN  38138.
 
Certain matters in this press release may constitute forward-looking statements within the meaning of Section 27-A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Such statements include, but are not limited to, statements made about anticipated economic and market conditions, and development opportunities and results. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including a downturn in general economic conditions or the capital markets, competitive factors including overbuilding or other supply/demand imbalances in some or all of our markets, changes in interest rates and other items that are difficult to control, as wel l as the other general risks inherent in the apartment and real estate businesses. Reference is hereby made to the filings of Mid-America Apartment Communities, Inc., with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and its annual report on Form 10-K, particularly including the risk factors contained in the latter filing.




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