Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands		Sep. 30, 2021	Dec. 31, 2020
Assets
Land		$ 1,977,813	$ 1,929,181
Buildings and improvements and other		12,369,733	12,065,244
Development and capital improvements in progress		236,339	283,477
Real Estate Investment Property, at Cost		14,583,885	14,277,902
Less: Accumulated depreciation		(3,722,917)	(3,415,105)
Real Estate Investment Property, Net		10,860,968	10,862,797
Undeveloped land		29,115	60,993
Investment in real estate joint venture		42,842	43,325
Real estate assets, net		10,932,925	10,967,115
Cash and cash equivalents		29,811	25,198
Restricted cash		11,710	10,417
Other assets		237,245	192,061
Assets held for sale		42,441	0
Total assets		11,254,132	11,194,791
Liabilities:
Unsecured notes payable		4,175,256	4,077,373
Secured notes payable		365,631	485,339
Accrued expenses and other liabilities		598,592	528,274
Total liabilities		5,139,479	5,090,986
Redeemable common stock		24,323	15,397
Shareholders’ equity:
Preferred Stock, Value, Outstanding		9	9
Common stock	[1]	1,149	1,141
Additional paid-in capital		7,216,885	7,176,793
Accumulated distributions in excess of net income		(1,309,511)	(1,294,182)
Accumulated other comprehensive loss		(11,384)	(12,128)
Total MAA shareholders’ equity		5,897,148	5,871,633
Noncontrolling interests - OP Units		173,366	206,927
Total Company’s shareholders’ equity		6,070,514	6,078,560
Noncontrolling interests - consolidated real estate entities		19,816	9,848
Total equity		6,090,330	6,088,408
Total liabilities and equity		$ 11,254,132	$ 11,194,791

[1] Number of shares issued and outstanding represents total shares of common stock regardless of classification on the Condensed Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Condensed Consolidated Balance Sheets as of September 30, 2021 and December 31, 2020 are 130,242 and 121,534, respectively.