Real Estate Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Schedule of Real Estate Asset Acquisitions and Dispositions

The following table reflects the Company’s acquisition activity for the year ended December 31, 2021:

Multifamily Development Acquisitions	Market	Units (1)	Date Acquired
Novel Daybreak (2)	Salt Lake City, UT	400	April 2021
Novel West Midtown (2)	Atlanta, GA	340	April 2021

(1)Represents number of units upon completion of the development.

(2)This pre-purchase multifamily community development is being developed through a joint venture with a local developer. The Company owns 80% of the joint venture that owns this property.

Land Acquisition	Market	Acres	Date Acquired
MAA Westshore	Tampa, FL	19	June 2021

The following table reflects the Company’s disposition activity for the year ended December 31, 2021:

Multifamily Dispositions	Market	Units	Date Sold
Crosswinds	Jackson, MS	360	June 2021
Pear Orchard	Jackson, MS	389	June 2021
Reflection Pointe	Jackson, MS	296	June 2021
Lakeshore Landing	Jackson, MS	196	June 2021
MAA Timbercrest	Charlotte, NC	282	November 2021
Colonial Village at Greentree	Savannah, GA	194	November 2021
Colonial Village at Marsh Cove	Savannah, GA	188	November 2021
Land Dispositions	Market	Acres	Date Sold
Colonial Promenade	Huntsville, AL	1	September 2021
Tutwiler	Birmingham, AL	9	September 2021
Colonial Grand at Sweetwater	Phoenix, AZ	5	October 2021
Colonial Grand at Traditions	Gulf Shores, AL	118	December 2021
Colonial Grand at Thunderbird	Phoenix, AZ	9	December 2021