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Segment Information (Tables)
3 Months Ended
Mar. 31, 2015
Notes To Financial Statements [Abstract]  
Revenues and NOI for Reportable Segment
Revenues and NOI for each reportable segment for the three-month periods ended March 31, 2015 and 2014 were as follows (dollars in thousands):
 
Three months ended March 31,
 
2015
 
2014
Revenues
 
 
 
Large Market Same Store
$
142,721

 
$
135,078

Secondary Market Same Store
79,252

 
76,396

Non-Same Store and Other
35,838

 
31,916

Total property revenues
257,811

 
243,390

Management fee income

 
97

Total operating revenues
$
257,811

 
$
243,487

 
 
 
 
NOI
 

 
 

Large Market Same Store
$
87,122

 
$
81,220

Secondary Market Same Store
49,187

 
47,640

Non-Same Store and Other
21,594

 
18,766

Total NOI
157,903

 
147,626

Discontinued operations NOI included above
(486
)
 
(1,599
)
Management fee income

 
97

Depreciation and amortization
(73,112
)
 
(90,013
)
Acquisition expense
(339
)
 
(11
)
Property management expense
(8,493
)
 
(7,011
)
General and administrative expense
(6,566
)
 
(4,342
)
Merger related expenses

 
(2,076
)
Integration costs

 
(3,842
)
Interest and other non-property (expense) income
(157
)
 
160

Interest expense
(29,931
)
 
(30,676
)
Loss on debt extinguishment/modification
(3,376
)
 

Amortization of deferred financing costs
(917
)
 
(1,311
)
Gain on sale of depreciable real estate assets excluded from discontinued operations
30,228

 
2,564

Net casualty loss after insurance and other settlement proceeds
(19
)
 
(10
)
Income tax expense
(510
)
 
(270
)
Gain on sale of non-depreciable real estate assets

 
557

Gain (loss) from real estate joint ventures
19

 
(24
)
Discontinued operations
433

 
5,895

Net income attributable to noncontrolling interests
(3,410
)
 
(848
)
Net income attributable to MAA
$
61,267

 
$
14,866

Assets for Reportable Segment
Assets for each reportable segment as of March 31, 2015 and December 31, 2014, were as follows (dollars in thousands):

 
March 31, 2015
 
December 31, 2014
Assets
 
 
 
Large Market Same Store
$
3,832,422

 
$
1,253,995

Secondary Market Same Store
1,691,479

 
1,003,426

Non-Same Store and Other
1,206,734

 
4,506,951

Corporate assets
69,047

 
66,656

Total assets
$
6,799,682

 
$
6,831,028


The decrease in the Non-Same Store and Other category, and subsequent increase in both the Large Market Same Store and Secondary Market Same Store categories, are due to the properties acquired as part of the merger with Colonial being moved out of Non-Same Store and into Same Store as the criteria noted above have been met.