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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Land $ 2,096,912 $ 2,031,403
Buildings and improvements and other 14,160,799 13,515,949
Development and capital improvements in progress 470,282 385,405
Real Estate Investment Property, at Cost 16,727,993 15,932,757
Less: Accumulated depreciation (5,327,584) (4,864,690)
Real Estate Investment Property, Net 11,400,409 11,068,067
Undeveloped land 73,359 73,861
Investment in real estate joint venture 41,650 41,977
Real estate assets, net 11,515,418 11,183,905
Cash and cash equivalents 43,018 41,314
Restricted cash 13,743 13,777
Other assets 232,426 245,507
Assets held for sale 7,764 0
Total assets 11,812,369 11,484,503
Liabilities:    
Unsecured notes payable 4,620,690 4,180,084
Secured notes payable 360,267 360,141
Accrued expenses and other liabilities 683,748 645,156
Total liabilities 5,664,705 5,185,381
Redeemable common stock 22,230 19,167
Shareholders’ equity:    
Preferred stock, value, outstanding 9 9
Common stock, value, outstanding [1] 1,166 1,168
Additional paid-in capital 7,417,453 7,399,921
Accumulated distributions in excess of net income (1,469,557) (1,298,263)
Accumulated other comprehensive loss (6,940) (8,764)
Total MAA shareholders’ equity 5,942,131 6,094,071
Noncontrolling interests - Operating Partnership units 155,409 163,128
Total Company’s shareholders’ equity 6,097,540 6,257,199
Noncontrolling interests - consolidated real estate entities 27,894 22,756
Operating Partnership capital:    
Accumulated other comprehensive loss (6,940) (8,764)
Noncontrolling interests - consolidated real estate entities 27,894 22,756
Total equity 6,125,434 6,279,955
Total liabilities and equity 11,812,369 11,484,503
Limited Partnership [Member]    
Assets    
Land 2,096,912 2,031,403
Buildings and improvements and other 14,160,799 13,515,949
Development and capital improvements in progress 470,282 385,405
Real Estate Investment Property, at Cost 16,727,993 15,932,757
Less: Accumulated depreciation (5,327,584) (4,864,690)
Real Estate Investment Property, Net 11,400,409 11,068,067
Undeveloped land 73,359 73,861
Investment in real estate joint venture 41,650 41,977
Real estate assets, net 11,515,418 11,183,905
Cash and cash equivalents 43,018 41,314
Restricted cash 13,743 13,777
Other assets 232,426 245,507
Assets held for sale 7,764 0
Total assets 11,812,369 11,484,503
Liabilities:    
Unsecured notes payable 4,620,690 4,180,084
Secured notes payable 360,267 360,141
Accrued expenses and other liabilities 683,748 645,156
Total liabilities 5,664,724 5,185,400
Redeemable common stock 22,230 19,167
Shareholders’ equity:    
Accumulated other comprehensive loss (7,064) (8,942)
Total Company’s shareholders’ equity 6,097,521 6,257,180
Noncontrolling interests - consolidated real estate entities 27,894 22,756
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 5,882,336 6,036,154
Limited Partners' Capital Account [2] 155,409 163,128
Accumulated other comprehensive loss (7,064) (8,942)
Noncontrolling interests - consolidated real estate entities 27,894 22,756
Total equity 6,125,415 6,279,936
Total liabilities and equity 11,812,369 11,484,503
Limited Partnership [Member] | Related Party [Member]    
Liabilities:    
Due to general partner $ 19 $ 19
[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, 2024 and December 31, 2023 are 143,822 and 142,546, 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, 2024 and December 31, 2023 are 143,822 and 142,546, respectively.