Derivatives and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2014

Notes To Financial Statements [Abstract]

Outstanding Interest Rate Derivatives Designated as Cash Flow Hedges of Interest Rate Risk

As of September 30, 2014, 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	6	$	165,000,000
Interest Rate Swaps	9	$	625,000,000

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

As of September 30, 2014, we had the following outstanding interest rate derivatives that were not designated as hedges:

Interest Rate Derivative	Number of Instruments	Notional
Interest rate caps	14	$	90,326,031

Fair Values of Derivative Instruments on Condensed Consolidated Balance Sheet

The table below presents the fair value of our derivative financial instruments as well as their classification on the Consolidated Balance Sheet as of September 30, 2014 and December 31, 2013, respectively.

Fair Values of Derivative Instruments on the Consolidated Balance Sheet as of September 30, 2014 and

December 31, 2013 (dollars in thousands)

	Asset Derivatives					Liability Derivatives
		September 30, 2014		December 31, 2013			September 30, 2014		December 31, 2013
Derivatives designated as hedging instruments	Balance Sheet Location	Fair Value		Fair Value		Balance Sheet Location	Fair Value		Fair Value
Interest rate contracts	Other assets	$	117	$	396	Fair market value of interest rate swaps	$	13,132	$	20,015
Total derivatives designated as hedging instruments		$	117	$	396		$	13,132	$	20,015
Derivatives not designated as hedging instruments
Interest rate contracts	Other assets	$	14	$	49		$	—	$	—
Total derivatives not designated as hedging instruments		$	14	$	49		$	—	$	—

Effect of Derivative Instruments on Consolidated Statement of Operations

The table below presents the effect of our derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended September 30, 2014 and 2013, respectively.

Effect of Derivative Instruments on the Consolidated Statements of Operations for the

Three and nine months ended September 30, 2014 and 2013 (dollars in thousands)

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,	2014			2013				2014			2013				2014			2013
Interest rate contracts	$	(696	)	$	(1,826	)	Interest expense	$	(2,589	)	$	(3,621	)	Interest expense	$	(25	)	$	(1	)
Total derivatives in cash flow hedging relationships	$	(696	)	$	(1,826	)		$	(2,589	)	$	(3,621	)		$	(25	)	$	(1	)
Nine months ended September 30,
Interest rate contracts	$	(9,096	)	$	10,096		Interest expense	$	(9,399	)	$	(12,098	)	Interest expense	$	(88	)	$	26
Total derivatives in cash flow hedging relationships	$	(9,096	)	$	10,096			$	(9,399	)	$	(12,098	)		$	(88	)	$	26
Derivatives Not Designated as Hedging Instruments
Three months ended September 30,														Location of Gain or (Loss) Recognized in Income	2014			2013
Interest rate contracts														Interest expense	$	(10	)	$	(5	)
Total															$	(10	)	$	(5	)
Nine months ended September 30,
Interest rate contracts														Interest expense	$	(138	)	$	(8	)
Total															$	(138	)	$	(8	)

Offsetting Assets and Liabilities [Table Text Block]

The table below presents a gross presentation, the effects of offsetting, and a net presentation of our derivatives as of September 30, 2014 and December 31, 2013. The net amounts of derivative assets or liabilities can be reconciled to the Tabular Disclosure of Fair Values of Derivative Instruments above, which also provides the location that derivative assets and liabilities are presented on the Consolidated Balance Sheet (dollars in thousands):

Offsetting of Derivative Assets
As of September 30, 2014
							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	$	131	$	—	$	131	$	—	$	—	$	131
Offsetting of Derivative Liabilities
As of September 30, 2014
							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	$	13,132	$	—	$	13,132	$	—	$	—	$	13,132
Offsetting of Derivative Assets
As of December 31, 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	$	444	$	—	$	444	$	—	$	—	$	444
Offsetting of Derivative Liabilities
As of December 31, 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	$	20,015	$	—	$	20,015	$	—	$	—	$	20,015

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The chart below shows the change in the balance for the nine months ended September 30, 2014 and 2013:

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,
		2014			2013
Beginning balance		$	108		$	(26,054	)
Other comprehensive (loss) income before reclassifications		(9,096		)	10,096
Amounts reclassified from accumulated other comprehensive income (interest rate contracts)	Interest expense	9,399			12,098
Net current-period other comprehensive loss attributable to noncontrolling interest		(15		)	(739		)
Net current-period other comprehensive income attributable to MAA		288			21,455
Ending balance		$	396		$	(4,599	)