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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Real estate assets:    
Land $ 337,220 $ 333,846
Buildings and improvements 2,865,981 2,879,289
Furniture, fixtures and equipment 93,919 92,170
Capital improvements in progress 74,294 53,790
Real Estate Investment Property, at Cost, Total 3,371,414 3,359,095
Less accumulated depreciation (980,036) (961,724)
Real Estate Investment Property, Net, Total 2,391,378 2,397,371
Land held for future development 1,306 1,306
Commercial properties, net 8,014 8,125
Investments in real estate joint ventures 16,567 17,006
Real estate assets, net 2,417,265 2,423,808
Cash and cash equivalents 41,826 57,317
Restricted cash 22,740 1,362
Deferred financing costs, net 15,306 14,680
Other assets 26,167 29,195
Goodwill 4,106 4,106
Total assets 2,527,410 2,530,468
Liabilities:    
Secured notes payable 1,353,056 1,514,755
Unsecured notes payable 187,000 135,000
Accounts payable 4,001 2,091
Fair market value of interest rate swaps 29,360 33,095
Accrued expenses and other liabilities 79,437 91,718
Security deposits 6,392 6,310
Total liabilities 1,659,246 1,782,969
Redeemable stock 4,446 4,037
Shareholders' equity:    
Common stock, $0.01 par value per share, 50,000,000 shares authorized; 40,940,360 and 38,959,338 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 409 [1] 389 [1]
Additional paid-in capital 1,491,183 1,375,623
Accumulated distributions in excess of net income (625,266) (621,833)
Accumulated other comprehensive losses (31,800) (35,848)
Total MAA shareholders' equity 834,526 718,331
Noncontrolling interest 29,192 25,131
Total equity 863,718 743,462
Total liabilities and equity $ 2,527,410 $ 2,530,468
[1] Number of shares issued and outstanding represent total shares of common stock regardless of classification on the consolidated balance sheet. The number of shares classified as redeemable stock on the consolidated balance sheet for March 31, 2012 and December 31, 2011 are 66,326 and 65,771, respectively.