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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Land $ 2,008,364 $ 1,977,813
Buildings and improvements and other 12,841,947 12,454,439
Development and capital improvements in progress 332,035 247,970
Real Estate Investment Property, at Cost 15,182,346 14,680,222
Less: Accumulated depreciation (4,302,747) (3,848,161)
Real Estate Investment Property, Net 10,879,599 10,832,061
Undeveloped land 64,312 24,015
Investment in real estate joint venture 42,290 42,827
Real estate assets, net 10,986,201 10,898,903
Cash and cash equivalents 38,659 54,302
Restricted cash 22,412 76,296
Other assets 193,893 255,681
Total assets 11,241,165 11,285,182
Liabilities:    
Unsecured notes payable 4,050,910 4,151,375
Secured notes payable 363,993 365,315
Accrued expenses and other liabilities 615,843 584,400
Total liabilities 5,030,746 5,101,090
Redeemable common stock 20,671 30,185
Shareholders’ equity:    
Preferred Stock, Value, Outstanding 9 9
Common stock [1] 1,152 1,151
Additional paid-in capital 7,202,834 7,230,956
Accumulated distributions in excess of net income (1,188,854) (1,255,807)
Accumulated other comprehensive loss (10,052) (11,132)
Total MAA shareholders’ equity 6,005,089 5,965,177
Noncontrolling interests - Operating Partnership units 163,595 165,116
Total Company’s shareholders’ equity 6,168,684 6,130,293
Noncontrolling interests - consolidated real estate entities 21,064 23,614
Total equity 6,189,748 6,153,907
Operating Partnership capital:    
Accumulated other comprehensive loss (10,052) (11,132)
Total operating partners' capital 6,168,684 6,130,293
Noncontrolling interests - consolidated real estate entities 21,064 23,614
Total equity 6,189,748 6,153,907
Total liabilities and equity 11,241,165 11,285,182
Limited Partner [Member]    
Assets    
Land 2,008,364 1,977,813
Buildings and improvements and other 12,841,947 12,454,439
Development and capital improvements in progress 332,035 247,970
Real Estate Investment Property, at Cost 15,182,346 14,680,222
Less: Accumulated depreciation (4,302,747) (3,848,161)
Real Estate Investment Property, Net 10,879,599 10,832,061
Undeveloped land 64,312 24,015
Investment in real estate joint venture 42,290 42,827
Real estate assets, net 10,986,201 10,898,903
Cash and cash equivalents 38,659 54,302
Restricted cash 22,412 76,296
Other assets 193,893 255,681
Total assets 11,241,165 11,285,182
Liabilities:    
Unsecured notes payable 4,050,910 4,151,375
Secured notes payable 363,993 365,315
Accrued expenses and other liabilities 615,843 584,400
Due to general partner 19 19
Total liabilities 5,030,765 5,101,109
Redeemable common stock 20,671 30,185
Shareholders’ equity:    
Accumulated other comprehensive loss (10,268) (11,382)
Total Company’s shareholders’ equity 6,168,665 6,130,274
Noncontrolling interests - consolidated real estate entities 21,064 23,614
Total equity 6,189,729 6,153,888
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 5,948,498 5,909,700
Limited Partners' Capital Account [2] 163,595 165,116
Accumulated other comprehensive loss (10,268) (11,382)
Total operating partners' capital 6,168,665 6,130,274
Noncontrolling interests - consolidated real estate entities 21,064 23,614
Total equity 6,189,729 6,153,888
Total liabilities and equity $ 11,241,165 $ 11,285,182
[1] Number of shares issued and outstanding represents total shares of common stock regardless of classification on the Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021 are 136,429 and 131,559, respectively.
[2] Number of units outstanding represents total OP Units regardless of classification on the Consolidated Balance Sheets. The number of units classified as redeemable common units on the Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021 are 136,429 and 131,559, respectively.