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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Land $ 2,008,523 $ 2,008,364
Buildings and improvements and other 12,924,101 12,841,947
Development and capital improvements in progress 391,439 332,035
Real Estate Investment Property, at Cost 15,324,063 15,182,346
Less: Accumulated depreciation (4,440,520) (4,302,747)
Real Estate Investment Property, Net 10,883,543 10,879,599
Undeveloped land 73,861 64,312
Investment in real estate joint venture 42,333 42,290
Real estate assets, net 10,999,737 10,986,201
Cash and cash equivalents 142,411 38,659
Restricted cash 13,606 22,412
Other assets 196,557 193,893
Total assets 11,352,311 11,241,165
Liabilities:    
Unsecured notes payable 4,032,000 4,050,910
Secured notes payable 363,650 363,993
Accrued expenses and other liabilities 566,075 615,843
Total liabilities 4,961,725 5,030,746
Redeemable common stock 19,590 20,671
Shareholders' equity:    
Preferred Stock, Value, Outstanding 9 9
Common Stock, Value, Outstanding [1] 1,167 1,152
Additional Paid in Capital 7,408,307 7,202,834
Accumulated distributions in excess of net income (1,216,325) (1,188,854)
Accumulated other comprehensive loss (9,791) (10,052)
Total MAA shareholders' equity 6,183,367 6,005,089
Noncontrolling interests - Operating Partnership units 166,309 163,595
Total Company’s shareholders’ equity 6,349,676 6,168,684
Noncontrolling interests - consolidated real estate entities 21,320 21,064
Operating Partnership capital:    
Accumulated other comprehensive loss (9,791) (10,052)
Noncontrolling interests - consolidated real estate entities 21,320 21,064
Total equity 6,370,996 6,189,748
Total liabilities and equity 11,352,311 11,241,165
Limited Partnership [Member]    
Assets    
Land 2,008,523 2,008,364
Buildings and improvements and other 12,924,101 12,841,947
Development and capital improvements in progress 391,439 332,035
Real Estate Investment Property, at Cost 15,324,063 15,182,346
Less: Accumulated depreciation (4,440,520) (4,302,747)
Real Estate Investment Property, Net 10,883,543 10,879,599
Undeveloped land 73,861 64,312
Investment in real estate joint venture 42,333 42,290
Real estate assets, net 10,999,737 10,986,201
Cash and cash equivalents 142,411 38,659
Restricted cash 13,606 22,412
Other assets 196,557 193,893
Total assets 11,352,311 11,241,165
Liabilities:    
Unsecured notes payable 4,032,000 4,050,910
Secured notes payable 363,650 363,993
Accrued expenses and other liabilities 566,075 615,843
Due to general partner 19 19
Total liabilities 4,961,744 5,030,765
Redeemable common stock 19,590 20,671
Shareholders' equity:    
Accumulated other comprehensive loss (9,990) (10,268)
Total Company’s shareholders’ equity 6,349,657 6,168,665
Noncontrolling interests - consolidated real estate entities 21,320 21,064
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 6,126,498 5,948,498
Limited Partners' Capital Account [2] 166,309 163,595
Accumulated other comprehensive loss (9,990) (10,268)
Noncontrolling interests - consolidated real estate entities 21,320 21,064
Total equity 6,370,977 6,189,729
Total liabilities and equity $ 11,352,311 $ 11,241,165
[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 March 31, 2023 and December 31, 2022 are 129,704 and 136,429, respectively.
[2] Number of units outstanding represents total OP Units regardless of classification on the Condensed Consolidated Balance Sheets. The number of units classified as redeemable common units on the Condensed Consolidated Balance Sheets as of March 31, 2023 and December 31, 2022 are 129,704 and 136,429, respectively.