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Derivatives and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2013
Notes To Financial Statements [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Changes in Accumulated Other Comprehensive Income by Component
 
 
 
Affected Line Item in the Consolidated Statements Of Operations
 
Gains and Losses on Cash Flow Hedges
 
 
 
For the nine months ended September 30,
 
 
 
 
2013
 
2012
 
Beginning balance
 
 
 
$
(26,054
)
 
$
(35,848
)
 
Other comprehensive income before reclassifications
 
 
 
10,096

 
(8,197
)
 
Amounts reclassified from accumulated other comprehensive income (interest rate contracts)
 
Interest (income)/expense
 
12,098

 
15,308

 
Net current-period other comprehensive income attributable to noncontrolling interest
 
 
 
(739
)
 
(1,730
)
 
Net current-period other comprehensive income attributable to MAA
 
 
 
21,455

 
5,381

 
Ending balance
 
 
 
$
(4,599
)
 
$
(30,467
)
 
Outstanding Interest Rate Derivatives Designated as Cash Flow Hedges of Interest Rate Risk
As of September 30, 2013, we had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk:

Interest Rate Derivative
 
Number of Instruments
 
Notional
Interest Rate Caps
 
12
 
$
224,631,000

  Interest Rate Swaps (1)
 
18
 
$
559,000,000

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
As of September 30, 2013, we had the following outstanding interest rate derivatives that were not designated as hedges:
Interest Rate Derivative
 
Number of Instruments
 
Notional
Interest rate caps
 
11
 
$
63,820,000

Fair Values of Derivative Instruments on Condensed Consolidated Balance Sheet
 
 
Asset Derivatives
 
Liability Derivatives
 
 
 
 
September 30, 2013
 
December 31, 2012
 
 
 
September 30, 2013
 
December 31, 2012
Derivatives designated as hedging instruments
 
Balance Sheet Location
 
Fair Value
 
Fair Value
 
Balance Sheet Location
 
Fair Value
 
Fair Value
Interest rate contracts
 
Other assets
 
$
10,681

 
$
245

 
Fair market value of interest rate swaps
 
$
9,858

 
$
21,423

 
 
 
 
 
 
 
 
 
 
 
 
 
Total derivatives designated as hedging instruments
 
 
 
$
10,681

 
$
245

 
 
 
$
9,858

 
$
21,423

 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
Other assets
 
$
57

 
$
43

 
 
 
$

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
Total derivatives not designated as hedging instruments
 
 
 
$
57

 
$
43

 
 
 
$

 
$

Offsetting of Derivative Assets
As of September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Position
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Assets presented in the Statement of Financial Position
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
Derivatives
$
10,738

 

 
$
10,738

 
$
(866
)
 

 
$
9,872

 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of Derivative Liabilities
As of September 30, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Position
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Liabilities presented in the Statement of Financial Position
 
Financial Instruments
 
Cash Collateral Posted
 
Net Amount
Derivatives
$
9,858

 

 
$
9,858

 
$
(866
)
 

 
$
8,992

 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of Derivative Assets
As of December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Position
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Assets
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Assets presented in the Statement of Financial Position
 
Financial Instruments
 
Cash Collateral Received
 
Net Amount
Derivatives
$
288

 

 
$
288

 

 

 
$
288

 
 
 
 
 
 
 
 
 
 
 
 
Offsetting of Derivative Liabilities
As of December 31, 2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts Not Offset in the Statement of Financial Position
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Amounts of Recognized Liabilities
 
Gross Amounts Offset in the Statement of Financial Position
 
Net Amounts of Liabilities presented in the Statement of Financial Position
 
Financial Instruments
 
Cash Collateral Posted
 
Net Amount
Derivatives
$
21,423

 

 
$
21,423

 

 

 
$
21,423

Effect of Derivative Instruments on Consolidated Statement of Operations
Derivatives in Cash Flow
Hedging Relationships
 
Amount of 
Gain or (Loss)
Recognized in 
OCI on Derivative 
(Effective Portion)
 
Location of Gain or
(Loss) Reclassified 
from Accumulated
OCI into Income
(Effective Portion)
 
Amount of  
Gain or (Loss)
Reclassified from
Accumulated 
OCI into Income 
(Effective Portion)
 
Location of Gain or
(Loss) Recognized in
Income on Derivative
(Ineffective Portion and
Amount Excluded from
Effectiveness Testing)
 
Amount of Gain or (Loss) Recognized in Income on
Derivative (Ineffective
Portion and Amount
Excluded from
Effectiveness Testing)
Three months ended September 30,
 
2013
 
2012
 
 
 
2013
 
2012
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
$
(1,826
)
 
$
(2,903
)
 
Interest expense
 
$
(3,621
)
 
$
(4,815
)
 
Interest expense
 
$
(1
)
 
$
(7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total derivatives in cash flow hedging relationships
 
$
(1,826
)
 
$
(2,903
)
 
 
 
$
(3,621
)
 
$
(4,815
)
 
 
 
$
(1
)
 
$
(7
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30,
 
 

 
 

 
 
 
 

 
 

 
 
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
$
10,096

 
$
(8,197
)
 
Interest expense
 
$
(12,098
)
 
$
(15,308
)
 
Interest expense
 
$
26

 
$
(40
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total derivatives in cash flow hedging relationships
 
$
10,096

 
$
(8,197
)
 
 
 
$
(12,098
)
 
$
(15,308
)
 
 
 
$
26

 
$
(40
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Derivatives Not Designated as Hedging Instruments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended September 30,
 
 
 
 
 
 
 
 
 
 
 
Location of Gain or (Loss) Recognized in Income
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
(5
)
 
$
(25
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
$
(5
)
 
$
(25
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30,
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
(8
)
 
$
(58
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
$
(8
)
 
$
(58
)