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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Real estate assets:    
Land $ 358,429 $ 333,846
Buildings and improvements 2,966,313 2,879,289
Furniture, fixtures and equipment 94,975 92,170
Capital improvements in progress 75,552 53,790
Real Estate Investment Property, at Cost, Total 3,495,269 3,359,095
Less accumulated depreciation (990,936) (961,724)
Real Estate Investment Property, Net, Total 2,504,333 2,397,371
Land held for future development 1,306 1,306
Commercial properties, net 7,865 8,125
Investments in real estate joint ventures 6,202 17,006
Real estate assets, net 2,519,706 2,423,808
Cash and cash equivalents 22,341 57,317
Restricted cash 1,038 1,362
Deferred financing costs, net 14,859 14,680
Other assets 28,542 29,195
Goodwill 4,106 4,106
Assets held for sale 8,496 0
Total assets 2,599,088 2,530,468
Liabilities:    
Secured notes payable 1,226,421 1,514,755
Unsecured notes payable 363,000 135,000
Accounts payable 5,582 2,091
Fair market value of interest rate swaps 27,648 33,095
Accrued expenses and other liabilities 89,941 91,718
Security deposits 6,586 6,310
Liabilities associated with assets held for sale 9,250 0
Total liabilities 1,728,428 1,782,969
Redeemable stock 4,697 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 410 [1] 389 [1]
Additional paid-in capital 1,494,172 1,375,623
Accumulated distributions in excess of net income (624,304) (621,833)
Accumulated other comprehensive losses (30,891) (35,848)
Total MAA shareholders' equity 839,387 718,331
Noncontrolling interest 26,576 25,131
Total equity 865,963 743,462
Total liabilities and equity $ 2,599,088 $ 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 June 30, 2012 and December 31, 2011 are 68,837 and 65,771, respectively.