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MAALP Capital
3 Months Ended
Mar. 31, 2019
MAALP Capital [Abstract]  
Consolidated Statements of Changes in Capital [Text Block]
MAALP Capital

Changes in total capital and its components for the three months ended March 31, 2019 and 2018 were as follows (dollars in thousands):
 
Mid-America Apartments, L.P. Unitholders' Capital
 
 
 
 
 
Limited Partner
 
General Partner
 
Preferred Units
 
Accumulated
Other
Comprehensive
Income
 
Noncontrolling Interests- Consolidated Real Estate Entities
 
Total Partnership Capital
CAPITAL BALANCE DECEMBER 31, 2018
$
220,043

 
$
6,083,142

 
$
66,840

 
$
(161
)
 
$
2,306

 
$
6,372,170

Net income
2,298

 
62,738

 
922

 

 

 
65,958

Other comprehensive income - derivative instruments

 

 

 
(3,201
)
 

 
(3,201
)
Issuance of units

 
1,129

 

 

 

 
1,129

Units repurchased and retired

 
(3,023
)
 

 

 

 
(3,023
)
Exercise of unit options

 
208

 

 

 

 
208

General partner units issued in exchange for limited partner units
(336
)
 
336

 

 

 

 

Redeemable units fair market value adjustment

 
(1,351
)
 

 

 

 
(1,351
)
Adjustment for limited partners' capital at redemption value
(53
)
 
53

 

 

 

 

Amortization of unearned compensation

 
4,785

 

 

 

 
4,785

Distributions to preferred unitholders

 

 
(922
)
 

 

 
(922
)
Distributions to common unitholders ($0.9600 per unit)
(3,941
)
 
(109,392
)
 

 

 

 
(113,333
)
Contribution from noncontrolling interest

 

 

 

 
2,860

 
2,860

CAPITAL BALANCE MARCH 31, 2019
$
218,011

 
$
6,038,625

 
$
66,840

 
$
(3,362
)
 
$
5,166

 
$
6,325,280



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

 
$
6,270,758

 
$
66,840

 
$
2,295

 
$
2,306

 
$
6,573,875

Net income
1,801

 
48,097

 
922

 

 

 
50,820

Other comprehensive income - derivative instruments

 

 

 
639

 

 
639

Issuance of units

 
105

 

 

 

 
105

Units repurchased and retired

 
(2,912
)
 

 

 

 
(2,912
)
Exercise of unit options

 
625

 

 

 

 
625

General partner units issued in exchange for limited partner units
(2,780
)
 
2,780

 

 

 

 

Units issued in exchange for redeemable units

 
1,915

 

 

 

 
1,915

Redeemable units fair market value adjustment

 
965

 

 

 

 
965

Adjustment for limited partners' capital at redemption value
(63
)
 
63

 

 

 

 

Cumulative adjustment due to adoption of ASU 2017-12

 
(233
)
 

 
233

 

 

Amortization of unearned compensation

 
4,024

 

 

 

 
4,024

Distributions to preferred unitholders

 

 
(922
)
 

 

 
(922
)
Distributions to common unitholders ($0.9225 per unit)
(3,819
)
 
(104,971
)
 

 

 

 
(108,790
)
CAPITAL BALANCE MARCH 31, 2018
$
226,815

 
$
6,221,216

 
$
66,840

 
$
3,167

 
$
2,306

 
$
6,520,344