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Segment Information (Tables)
9 Months Ended
Sep. 30, 2017
Notes To Financial Statements [Abstract]  
Revenues and NOI for Reportable Segment
Revenues and NOI for each reportable segment for the three- and nine- month periods ended September 30, 2017 and 2016 were as follows (dollars in thousands):
 
Three months ended September 30,
 
Nine months ended September 30,
 
2017
 
2016
 
2017
 
2016
Revenues:
 
 
 
 
 
 
 
Large Market Same Store
$
169,105

 
$
165,046

 
$
503,076

 
$
487,725

Secondary Market Same Store
87,895

 
85,822

 
261,272

 
254,685

Non-Same Store and Other
127,550

 
26,030

 
381,901

 
75,740

Total operating revenues
$
384,550

 
$
276,898

 
$
1,146,249

 
$
818,150

 
 
 
 
 
 
 
 
NOI:
 

 
 

 
 

 
 

Large Market Same Store
$
104,574

 
$
101,595

 
$
313,419

 
$
302,230

Secondary Market Same Store
53,836

 
53,124

 
162,617

 
159,263

Non-Same Store and Other
76,961

 
15,533

 
233,792

 
46,175

Total NOI
235,371

 
170,252

 
709,828

 
507,668

Depreciation and amortization
(117,928
)
 
(76,959
)
 
(374,285
)
 
(227,829
)
Acquisition expenses

 
(1,033
)
 

 
(2,167
)
Property management expenses
(10,281
)
 
(7,908
)
 
(32,007
)
 
(25,221
)
General and administrative expenses
(8,361
)
 
(6,661
)
 
(30,735
)
 
(20,257
)
Merger related expenses
(128
)
 
(3,901
)
 
(3,977
)
 
(3,901
)
Integration costs
(4,002
)
 

 
(10,521
)
 

Interest and other non-property income
4,303

 
64

 
7,632

 
159

Interest expense
(39,940
)
 
(32,168
)
 
(115,005
)
 
(96,418
)
Gain on debt extinguishment/modification
828

 

 
3,168

 
3

Gain on sale of depreciable real estate assets
58,844

 
47,749

 
59,045

 
48,572

Net casualty gain (loss) after insurance and other settlement proceeds
564

 
(75
)
 
233

 
738

Income tax expense
(641
)
 
(454
)
 
(1,910
)
 
(1,200
)
(Loss) gain on sale of non-depreciable real estate assets
(6
)
 

 
42

 
2,170

Gain from real estate joint ventures
335

 

 
1,021

 
27

Net income attributable to noncontrolling interests
(4,249
)
 
(4,627
)
 
(7,600
)
 
(9,508
)
Preferred Dividends
(922
)
 

 
(2,766
)
 

Net income available for MAA common shareholders
$
113,787

 
$
84,279

 
$
202,163

 
$
172,836

Assets for Reportable Segment
Assets for each reportable segment as of September 30, 2017 and December 31, 2016 were as follows (dollars in thousands):

 
September 30, 2017
 
December 31, 2016
Assets:
 
 
 
Large Market Same Store
$
4,038,127

 
$
4,126,885

Secondary Market Same Store
1,731,050

 
1,768,183

Non-Same Store and Other
5,527,583

 
5,479,780

Corporate assets
236,041

 
229,643

Total assets
$
11,532,801

 
$
11,604,491