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MAALP Capital
9 Months Ended
Sep. 30, 2018
MAALP Capital [Abstract]  
Consolidated Statements of Changes in Capital [Text Block]
MAALP Capital

Changes in total capital and its components for the nine months ended September 30, 2018 and 2017 were as follows (dollars in thousands):

 
Mid-America Apartments, L.P. Unitholders' Capital
 
 
 
 
 
Limited Partner
 
General Partner
 
Preferred Units
 
Accumulated
Other
Comprehensive
Income
 
Noncontrolling Interest - Consolidated Real Estate Entity
 
Total Partnership Capital
CAPITAL BALANCE DECEMBER 31, 2017
$
231,676

 
$
6,270,758

 
$
66,840

 
$
2,295

 
$
2,306

 
$
6,573,875

Net income
5,888

 
158,851

 
2,766

 

 

 
167,505

Other comprehensive income - derivative instruments

 

 

 
9,501

 

 
9,501

Issuance of units

 
(271
)
 

 

 

 
(271
)
Units repurchased and retired

 
(2,912
)
 

 

 

 
(2,912
)
Exercise of unit options

 
916

 

 

 

 
916

General partner units issued in exchange for limited partner units
(4,283
)
 
4,283

 

 

 

 

Units issued in exchange for redeemable units

 
1,915

 

 

 

 
1,915

Redeemable units fair market value adjustment

 
121

 

 

 

 
121

Adjustment for limited partners' capital at redemption value
(226
)
 
226

 

 

 

 

Cumulative adjustment due to adoption of ASU 2017-12

 
(233
)
 

 
233

 

 

Amortization of unearned compensation

 
9,877

 

 

 

 
9,877

Distributions to preferred unitholders

 

 
(2,766
)
 

 

 
(2,766
)
Distributions to common unitholders
(11,214
)
 
(315,012
)
 

 

 

 
(326,226
)
CAPITAL BALANCE SEPTEMBER 30, 2018
$
221,841

 
$
6,128,519

 
$
66,840

 
$
12,029

 
$
2,306

 
$
6,431,535



  
Mid-America Apartments, L.P. Unitholders' Capital
 
 
 
 
 
Limited Partner
 
General Partner
 
Preferred Units
 
Accumulated
Other
Comprehensive
Income
 
Noncontrolling Interest - Consolidated Real Estate Entity
 
Total Partnership Capital
CAPITAL BALANCE DECEMBER 31, 2016
$
235,976

 
$
6,337,721

 
$
64,833

 
$
1,246

 
$
2,306

 
$
6,642,082

Net income
7,600

 
202,163

 
2,766

 

 

 
212,529

Other comprehensive income - derivative instruments

 

 

 
(368
)
 

 
(368
)
Issuance of units

 
154

 
2,007

 

 

 
2,161

Units repurchased and retired

 
(4,782
)
 

 

 

 
(4,782
)
Exercise of unit options

 
218

 

 

 

 
218

General partner units issued in exchange for limited partner units
(1,133
)
 
1,133

 

 

 

 

Units issued in exchange for redeemable units

 
1,482

 

 

 

 
1,482

Redeemable units fair market value adjustment

 
(870
)
 

 

 

 
(870
)
Adjustment for limited partners' capital at redemption value
(68
)
 
68

 

 

 

 

Amortization of unearned compensation

 
8,438

 

 

 

 
8,438

Distributions to preferred unitholders

 

 
(2,766
)
 

 

 
(2,766
)
Distributions to common unitholders
(10,982
)
 
(296,535
)
 

 

 

 
(307,517
)
CAPITAL BALANCE SEPTEMBER 30, 2017
$
231,393

 
$
6,249,190

 
$
66,840

 
$
878

 
$
2,306

 
$
6,550,607