XML 42 R26.htm IDEA: XBRL DOCUMENT

Schedule III Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

Schedule III Real Estate and Accumulated Depreciation


					Initial Cost				Costs Capitalized Subsequent to Acquisition				Gross Amount carried as of December 31, 2024
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land		Buildings and Fixtures		Land		Buildings and Fixtures		Total (3)		Accumulated Depreciation (4)			Net		Date of Construction	Date Acquired
Birchall at Ross Bridge	Birmingham, AL	$	—		$	2,641	$	28,842	$	—	$	5,327	$	2,641	$	34,169		36,810	$	(15,453	)	$	21,357	2009	2011
Colonial Grand at Riverchase Trails	Birmingham, AL		—			3,762		22,079		—		7,676		3,762		29,755		33,517		(14,581	)		18,936	2010	2013
MAA Trussville	Birmingham, AL		—			3,403		31,813		—		8,142		3,403		39,955		43,358		(17,690	)		25,668	1996/97	2013
MAA Eagle Ridge	Birmingham, AL		—			852		7,667		—		6,252		852		13,919		14,771		(10,681	)		4,090	1986	1998
Colonial Grand at Traditions	Gulf Shores, AL		—			3,212		25,162		—		8,956		3,212		34,118		37,330		(15,585	)		21,745	2007	2013
MAA Edgewater	Huntsville, AL		—			4,944		38,673		—		11,961		4,944		50,634		55,578		(21,027	)		34,551	1990	2013
MAA Providence Main	Huntsville, AL		—			1,740		10,152		—		21,457		1,740		31,609		33,349		(19,898	)		13,451	1993	1997
MAA Madison Lakes	Madison, AL		—			3,602		28,934		—		5,764		3,602		34,698		38,300		(15,579	)		22,721	2000	2013
Cypress Village	Orange Beach, AL		—			1,290		12,238		—		3,920		1,290		16,158		17,448		(7,100	)		10,348	2008	2013
MAA Liberty Park	Vestavia Hills, AL		—			3,922		30,977		—		10,438		3,922		41,415		45,337		(18,835	)		26,502	2000	2013
MAA Sky View	Gilbert, AZ		—			2,668		14,577		—		4,565		2,668		19,142		21,810		(9,841	)		11,969	2007	2009
MAA City Gate	Mesa, AZ		—			4,219		26,255		—		5,972		4,219		32,227		36,446		(14,190	)		22,256	2002	2013
MAA Lyon's Gate	Phoenix, AZ		—			7,901		27,182		—		7,106		7,901		34,288		42,189		(17,899	)		24,290	2007	2008
MAA Fountainhead	Phoenix, AZ		—	(1)		12,212		56,705		—		4,744		12,212		61,449		73,661		(15,904	)		57,757	2015	2016
MAA Foothills	Phoenix, AZ		—			12,741		47,701		—		7,891		12,741		55,592		68,333		(33,356	)		34,977	2005	2006
MAA Phoenix Midtown	Phoenix, AZ		—			9,001		—		—		74,692		9,001		74,692		83,693		(14,293	)		69,400	2021	2019
MAA Central Ave	Phoenix, AZ		—			11,323		90,350		—		2,219		11,323		92,569		103,892		(3,834	)		100,058	2022	2023
Novel Val Vista	Phoenix, AZ		—			7,285		—		—		71,425		7,285		71,425		78,710		(2,330	)		76,380	2020	2020
MAA Old Town Scottsdale	Scottsdale, AZ		—			7,820		51,627		—		14,011		7,820		65,638		73,458		(26,927	)		46,531	1994/95	2013
MAA Camelback	Scottsdale, AZ		—			3,612		20,273		—		7,591		3,612		27,864		31,476		(11,458	)		20,018	1999	2013
MAA SkySong	Scottsdale, AZ		—			—		55,748		—		6,454		—		62,202		62,202		(16,338	)		45,864	2014	2015
MAA River North	Denver, CO		—			14,500		28,900		—		42,424		14,500		71,324		85,824		(17,145	)		68,679	2018	2016
MAA Promenade	Denver, CO		—			24,111		81,317		—		24,062		24,111		105,379		129,490		(21,984	)		107,506	2017/19	2018
MAA Westglenn	Denver, CO		—			8,077		—		—		74,720		8,077		74,720		82,797		(13,697	)		69,100	2021	2018
MAA Tiffany Oaks	Altamonte Springs, FL		—			1,024		9,219		—		10,321		1,024		19,540		20,564		(13,510	)		7,054	1985	1996
MAA Lakewood Ranch	Bradenton, FL		—			2,980		40,230		—		13,440		2,980		53,670		56,650		(21,636	)		35,014	1999	2013
MAA Indigo Point	Brandon, FL		—			1,167		10,500		—		7,904		1,167		18,404		19,571		(12,278	)		7,293	1989	2000
MAA Brandon	Brandon, FL		—			2,896		26,111		—		11,626		2,896		37,737		40,633		(27,895	)		12,738	1998	1997
MAA Coral Springs	Coral Springs, FL		—			9,600		40,004		—		21,971		9,600		61,975		71,575		(36,970	)		34,605	1996	2004
MAA Steeplegate	Gainesville, FL		—			1,800		15,879		—		7,340		1,800		23,219		25,019		(14,351	)		10,668	1999	1998
MAA Magnolia Parke	Gainesville, FL		—			2,040		16,338		—		2,430		2,040		18,768		20,808		(8,700	)		12,108	2009	2011
MAA Heathrow	Heathrow, FL		—			4,101		35,684		—		6,895		4,101		42,579		46,680		(19,727	)		26,953	1997	2013
MAA 220 Riverside	Jacksonville, FL		—			2,381		35,514		—		10,041		2,381		45,555		47,936		(11,390	)		36,546	2015	2012
MAA Town Center	Jacksonville, FL		—			4,000		19,495		—		5,140		4,000		24,635		28,635		(11,214	)		17,421	2008	2011
MAA Mandarin North	Jacksonville, FL		—			854		7,500		—		5,908		854		13,408		14,262		(10,673	)		3,589	1987	1995
MAA Deerwood	Jacksonville, FL		—			1,533		13,835		—		8,208		1,533		22,043		23,576		(16,738	)		6,838	1987	1997
Lakeside	Jacksonville, FL		—			1,430		12,883		—		11,930		1,430		24,813		26,243		(19,464	)		6,779	1985	1996
MAA Fleming Island	Jacksonville, FL		—			4,047		35,052		—		8,043		4,047		43,095		47,142		(28,660	)		18,482	2003	2003
MAA Belmont	Jacksonville, FL		—			1,411		14,967		—		5,773		1,411		20,740		22,151		(12,872	)		9,279	1998	1998
MAA Mandarin Lakes	Jacksonville, FL		—			2,857		6,475		—		24,518		2,857		30,993		33,850		(16,906	)		16,944	1987/ 2008	1995
MAA Tapestry Park	Jacksonville, FL		—			6,417		36,069		—		4,910		6,417		40,979		47,396		(18,202	)		29,194	2009	2011
MAA Atlantic	Jacksonville, FL		—			1,678		15,179		—		12,547		1,678		27,726		29,404		(21,575	)		7,829	1986	1997
MAA Lake Mary	Lake Mary, FL		—	(2)		6,346		41,539		—		27,707		6,346		69,246		75,592		(26,202	)		49,390	2012	2013
MAA Town Park	Lake Mary, FL		—			9,223		66,873		—		12,621		9,223		79,494		88,717		(37,349	)		51,368	2004/2005	2013
MAA Heather Glen	Orlando, FL		—			4,662		56,988		—		10,564		4,662		67,552		72,214		(29,964	)		42,250	2000	2013
MAA Randal Lakes	Orlando, FL		—			8,859		50,553		—		53,475		8,859		104,028		112,887		(25,991	)		86,896	2014/17	2013
MAA Robinson	Orlando, FL		—			6,003		—		—		91,766		6,003		91,766		97,769		(16,567	)		81,202	2021	2018
MAA Baldwin Park	Orlando, FL		—			18,101		144,200		—		8,502		18,101		152,702		170,803		(49,270	)		121,533	2011	2016
MAA Crosswater	Orlando, FL		—			7,046		52,585		—		4,189		7,046		56,774		63,820		(16,668	)		47,152	2013	2016
MAA Parkside	Orlando, FL		—			5,669		49,754		—		11,834		5,669		61,588		67,257		(19,372	)		47,885	1999	2016
MAA Lake Nona	Orlando, FL		—			7,880		41,175		—		8,992		7,880		50,167		58,047		(21,885	)		36,162	2006	2012
Sand Lake	Orlando, FL		—			7,635		—		—		56,561		7,635		56,561		64,196		(10,974	)		53,222	2021	2019
MAA Boggy Creek	Orlando, FL		—			10,879		72,838		—		137		10,879		72,975		83,854		(909	)		82,945	2023	2024
MAA Palm Harbor	Palm Harbor, FL		—			6,900		26,613		—		6,669		6,900		33,282		40,182		(18,005	)		22,177	2000	2009
Club at Panama Beach	Panama City, FL		—			893		14,276		—		7,590		893		21,866		22,759		(13,778	)		8,981	2000	1998
MAA Twin Lakes	Sanford, FL		—			3,091		47,793		—		9,381		3,091		57,174		60,265		(24,848	)		35,417	2005	2013
MAA Oak Grove	Tallahassee, FL		—			1,480		4,805		—		16,360		1,480		21,165		22,645		(16,842	)		5,803	1992	1997
MAA Southwood	Tallahassee, FL		—			3,600		25,914		—		3,992		3,600		29,906		33,506		(10,863	)		22,643	2003	2011
MAA Belmere	Tampa, FL		—			852		7,667		—		11,445		852		19,112		19,964		(13,323	)		6,641	1984	1994
MAA Hampton Preserve	Tampa, FL		—			17,029		131,398		—		8,321		17,029		139,719		156,748		(37,762	)		118,986	2012, 2021	2013, 2022
MAA Carrollwood	Tampa, FL		—			927		7,355		—		9,421		927		16,776		17,703		(11,883	)		5,820	1980	1998
MAA Bay View	Tampa, FL		—			4,541		28,381		—		3,529		4,541		31,910		36,451		(10,202	)		26,249	1997	2016
MAA Harbour Island	Tampa, FL		—			16,296		116,193		—		21,265		16,296		137,458		153,754		(45,979	)		107,775	1997	2016
MAA Hyde Park	Tampa, FL		—			16,891		95,259		—		14,724		16,891		109,983		126,874		(35,874	)		91,000	1994	2016
MAA Rocky Point	Tampa, FL		—			35,260		153,102		—		26,248		35,260		179,350		214,610		(58,193	)		156,417	1994-1996	2016
MAA SoHo Square	Tampa, FL		—	(1)		5,190		56,296		—		2,543		5,190		58,839		64,029		(16,700	)		47,329	2012	2016
MAA Tampa Oaks	Tampa, FL		—			2,891		19,055		—		5,625		2,891		24,680		27,571		(12,748	)		14,823	2005	2008


					Initial Cost				Costs Capitalized Subsequent to Acquisition				Gross Amount carried as of December 31, 2024
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land		Buildings and Fixtures		Land		Buildings and Fixtures		Total (3)		Accumulated Depreciation (4)			Net		Date of Construction	Date Acquired
MAA Seven Oaks	Wesley Chapel, FL		—			3,051		42,768		—		7,038		3,051		49,806		52,857		(21,236	)		31,621	2004	2013
MAA Windermere	Windermere, FL		—	(1)		2,711		36,710		—		4,380		2,711		41,090		43,801		(17,541	)		26,260	2009	2013
MAA Briarcliff	Atlanta, GA		—			24,614		114,921		—		12,766		24,614		127,687		152,301		(39,694	)		112,607	1996	2016
MAA Brookhaven	Atlanta, GA		—			29,048		106,463		—		16,182		29,048		122,645		151,693		(40,719	)		110,974	1989-1992	2016
MAA Brookwood	Atlanta, GA		—	(2)		11,168		52,758		—		8,868		11,168		61,626		72,794		(26,301	)		46,493	2008	2012
MAA Buckhead	Atlanta, GA		—			8,633		19,844		—		12,226		8,633		32,070		40,703		(14,687	)		26,016	2002	2012
MAA Centennial Park	Atlanta, GA		—			13,650		10,950		—		63,831		13,650		74,781		88,431		(15,184	)		73,247	2018	2016
MAA Chastain	Atlanta, GA		—			30,223		82,964		—		6,624		30,223		89,588		119,811		(28,378	)		91,433	1990	2016
MAA Dunwoody	Atlanta, GA		—			15,799		48,054		—		8,547		15,799		56,601		72,400		(18,374	)		54,026	1995	2016
MAA Gardens	Atlanta, GA		—			17,907		56,093		—		14,457		17,907		70,550		88,457		(22,939	)		65,518	1996	2016
MAA Glen	Atlanta, GA		—			13,878		51,079		—		9,403		13,878		60,482		74,360		(19,619	)		54,741	1996	2016
MAA Lenox	Atlanta, GA		—			23,876		165,572		—		7,598		23,876		173,170		197,046		(58,165	)		138,881	2006/15	2016
MAA Midtown	Atlanta, GA		—			7,000		44,000		—		42,230		7,000		86,230		93,230		(17,514	)		75,716	2017	2016
MAA Oglethorpe	Atlanta, GA		—			6,856		31,441		—		8,976		6,856		40,417		47,273		(21,270	)		26,003	1994	2008
MAA Peachtree Hills	Atlanta, GA		—			11,974		55,264		—		3,025		11,974		58,289		70,263		(17,688	)		52,575	1992-1994/2009	2016
MAA Piedmont Park	Atlanta, GA		—			11,025		34,277		—		6,959		11,025		41,236		52,261		(12,422	)		39,839	1999	2016
MAA Riverside	Atlanta, GA		—			23,765		89,369		—		14,869		23,765		104,238		128,003		(36,830	)		91,173	1996	2016
MAA Spring	Atlanta, GA		—			18,596		57,819		—		10,999		18,596		68,818		87,414		(23,389	)		64,025	1999	2016
MAA Stratford	Atlanta, GA		—			—		30,051		—		7,828		—		37,879		37,879		(13,489	)		24,390	1999	2016
Novel West Midtown	Atlanta, GA		—			7,000		—		—		84,409		7,000		84,409		91,409		(6,783	)		84,626	2021	2021
MAA Berkeley Lake	Duluth, GA		—			1,960		15,707		—		4,230		1,960		19,937		21,897		(10,244	)		11,653	1998	2013
MAA McDaniel Farm	Duluth, GA		—			3,985		32,206		—		8,199		3,985		40,405		44,390		(20,339	)		24,051	1997	2013
MAA Pleasant Hill	Duluth, GA		—			6,753		32,202		—		9,967		6,753		42,169		48,922		(20,566	)		28,356	1996	2013
MAA Prescott	Duluth, GA		—			3,840		24,011		—		9,699		3,840		33,710		37,550		(21,107	)		16,443	2001	2004
MAA River Oaks	Duluth, GA		—			4,349		13,579		—		6,129		4,349		19,708		24,057		(11,248	)		12,809	1992	2013
MAA River Place	Duluth, GA		—			2,059		19,158		—		7,238		2,059		26,396		28,455		(12,412	)		16,043	1994	2013
MAA Mount Vernon	Dunwoody, GA		—			6,861		23,748		—		5,798		6,861		29,546		36,407		(13,239	)		23,168	1997	2013
MAA Lake Lanier	Gainesville, GA		—			6,710		40,994		—		15,590		6,710		56,584		63,294		(35,190	)		28,104	1998/ 2001	2005
MAA Shiloh	Kennesaw, GA		—			4,864		45,893		—		10,887		4,864		56,780		61,644		(26,378	)		35,266	2002	2013
MAA Milstead	LaGrange, GA		—			3,100		29,240		—		5,720		3,100		34,960		38,060		(14,344	)		23,716	1998	2008
MAA Barrett Creek	Marietta, GA		—			5,661		26,186		—		6,120		5,661		32,306		37,967		(16,220	)		21,747	1999	2013
MAA Benton	Pooler, GA		—			3,550		66,347		—		10,617		3,550		76,964		80,514		(34,358	)		46,156	2001/08	2013
MAA Avala	Savannah, GA		—			1,500		24,862		—		4,031		1,500		28,893		30,393		(13,198	)		17,195	2009	2011
MAA Hammocks	Savannah, GA		—			2,441		36,863		—		10,118		2,441		46,981		49,422		(20,970	)		28,452	1997	2013
MAA Huntington	Savannah, GA		—			2,521		8,223		—		3,740		2,521		11,963		14,484		(5,562	)		8,922	1986	2013
MAA Georgetown Grove	Savannah, GA		—			1,288		11,579		—		5,243		1,288		16,822		18,110		(13,408	)		4,702	1997	1998
MAA Wilmington Island	Savannah, GA		—			2,864		25,315		—		7,886		2,864		33,201		36,065		(19,880	)		16,185	1999	2006
MAA West Village	Smyrna, GA		—			14,410		73,733		—		14,090		14,410		87,823		102,233		(31,912	)		70,321	2006/12	2014
MAA Prairie Trace	Overland Park, KS		—			3,500		40,614		—		4,475		3,500		45,089		48,589		(11,491	)		37,098	2015	2015
MAA Pinnacle	Lexington, KY		—			2,024		31,525		—		9,317		2,024		40,842		42,866		(25,555	)		17,311	2000	1998
MAA Lakepointe	Lexington, KY		—			411		3,699		—		3,458		411		7,157		7,568		(5,799	)		1,769	1986	1994
MAA Mansion	Lexington, KY		—			694		6,242		—		5,719		694		11,961		12,655		(9,432	)		3,223	1989	1994
MAA Village	Lexington, KY		—			900		8,097		—		6,807		900		14,904		15,804		(11,938	)		3,866	1989	1994
MAA Westport	Louisville, KY		—			1,169		10,518		—		14,139		1,169		24,657		25,826		(18,532	)		7,294	1985	1994
Market Station	Kansas City, MO		—			5,814		46,241		—		7,430		5,814		53,671		59,485		(21,909	)		37,576	2010	2012
Denton	Kansas City, MO		—			5,520		50,939		—		31,390		5,520		82,329		87,849		(20,000	)		67,849	2013/14/17	2015
MAA Beaver Creek	Apex, NC		—			7,491		34,863		—		4,880		7,491		39,743		47,234		(17,433	)		29,801	2007	2013
MAA Hermitage	Cary, NC		—			896		8,099		—		6,657		896		14,756		15,652		(11,613	)		4,039	1988	1997
MAA 900 Waterford	Cary, NC		—			4,000		20,250		—		7,581		4,000		27,831		31,831		(16,727	)		15,104	1996	2005
MAA 1225	Charlotte, NC		—			9,612		22,342		—		37,138		9,612		59,480		69,092		(20,699	)		48,393	2010	2010
MAA Ayrsley	Charlotte, NC		—			2,481		52,119		—		21,885		2,481		74,004		76,485		(29,990	)		46,495	2008	2013
MAA Ballantyne	Charlotte, NC		—			16,216		44,817		—		7,203		16,216		52,020		68,236		(16,771	)		51,465	2004	2016
MAA Beverly Crest	Charlotte, NC		—			3,161		24,004		—		8,949		3,161		32,953		36,114		(13,367	)		22,747	1996	2013
MAA Chancellor Park	Charlotte, NC		—			5,311		28,016		—		9,299		5,311		37,315		42,626		(16,200	)		26,426	1999	2013
MAA City Grand	Charlotte, NC		—			1,620		17,499		—		3,168		1,620		20,667		22,287		(8,643	)		13,644	2005	2013
MAA Enclave	Charlotte, NC		—			1,461		18,984		—		3,840		1,461		22,824		24,285		(9,138	)		15,147	2008	2013
MAA Gateway	Charlotte, NC		—			17,528		57,444		—		18,786		17,528		76,230		93,758		(24,251	)		69,507	2000	2016
MAA Legacy Park	Charlotte, NC		—			2,891		28,272		—		6,294		2,891		34,566		37,457		(15,311	)		22,146	2001	2013
MAA LoSo	Charlotte, NC		—			14,600		108,076		—		17,905		14,600		125,981		140,581		(8,371	)		132,210	2021	2022
MAA Prosperity Creek	Charlotte, NC		—			4,591		27,713		—		4,546		4,591		32,259		36,850		(14,823	)		22,027	2005	2013
MAA Reserve	Charlotte, NC		—			4,628		44,282		—		15,481		4,628		59,763		64,391		(16,714	)		47,677	2013	2013
MAA South Line	Charlotte, NC		—			18,835		58,795		—		8,577		18,835		67,372		86,207		(19,807	)		66,400	2009	2016
MAA South Park	Charlotte, NC		—			20,869		65,517		—		13,428		20,869		78,945		99,814		(25,528	)		74,286	1996	2016
MAA University Lake	Charlotte, NC		—			3,250		31,389		—		7,939		3,250		39,328		42,578		(18,166	)		24,412	1998	2013
MAA Uptown	Charlotte, NC		—			10,888		30,078		—		11,118		10,888		41,196		52,084		(12,372	)		39,712	2000	2016
MAA Optimist Park	Charlotte, NC		—			10,574		95,346		—		1,088		10,574		96,434		107,008		(4,122	)		102,886	2023	2023
MAA Cornelius	Cornelius, NC		—			4,571		29,151		—		4,418		4,571		33,569		38,140		(15,399	)		22,741	2009	2013
MAA Patterson	Durham, NC		—			2,590		27,126		—		5,931		2,590		33,057		35,647		(14,648	)		20,999	1997	2013
MAA Research Park	Durham, NC		—			4,201		37,682		—		8,008		4,201		45,690		49,891		(20,501	)		29,390	2002	2013
MAA Duke Forest	Durham, NC		—			3,271		15,609		—		4,461		3,271		20,070		23,341		(9,908	)		13,433	1985	2013
MAA Huntersville	Huntersville, NC		—			4,251		31,948		—		5,960		4,251		37,908		42,159		(17,539	)		24,620	2008	2013
MAA Fifty-One	Matthews, NC		—			3,071		21,830		—		8,533		3,071		30,363		33,434		(14,966	)		18,468	2008	2013
MAA Matthews Commons	Matthews, NC		—			3,690		28,536		—		4,607		3,690		33,143		36,833		(14,715	)		22,118	2008	2013


					Initial Cost				Costs Capitalized Subsequent to Acquisition				Gross Amount carried as of December 31, 2024
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land		Buildings and Fixtures		Land		Buildings and Fixtures		Total (3)		Accumulated Depreciation (4)			Net		Date of Construction	Date Acquired
MAA Arringdon	Morrisville, NC		—			6,401		31,134		—		8,110		6,401		39,244		45,645		(17,163	)		28,482	2003	2013
MAA Brierdale	Raleigh, NC		—			7,372		50,202		—		5,082		7,372		55,284		62,656		(24,485	)		38,171	2010	2013
MAA Brier Falls	Raleigh, NC		—			6,572		48,910		—		5,047		6,572		53,957		60,529		(23,253	)		37,276	2008	2013
MAA Crabtree	Raleigh, NC		—			2,241		18,434		—		5,248		2,241		23,682		25,923		(9,929	)		15,994	1997	2013
MAA Trinity	Raleigh, NC		—			5,232		45,138		—		8,715		5,232		53,853		59,085		(24,556	)		34,529	2000/02	2013
MAA Hue	Raleigh, NC		—			3,690		29,910		—		5,481		3,690		35,391		39,081		(13,043	)		26,038	2009	2010
MAA Wade Park	Raleigh, NC		—			19,434		98,288		—		30,983		19,434		129,271		148,705		(43,025	)		105,680	2011/17/19	2016
MAA Preserve	Raleigh, NC		—			5,831		21,980		—		29,352		5,831		51,332		57,163		(27,977	)		29,186	2004	2006
MAA Providence	Raleigh, NC		—			4,695		29,007		—		3,921		4,695		32,928		37,623		(18,070	)		19,553	2007	2008
MAA Vale	Raleigh, NC		—			8,422		72,220		—		611		8,422		72,831		81,253		(1,884	)		79,369	2023	2024
Colonial Grand at Desert Vista	North Las Vegas, NV		—			4,091		29,826		—		3,980		4,091		33,806		37,897		(15,364	)		22,533	2009	2013
Colonial Grand at Palm Vista	North Las Vegas, NV		—			4,909		25,643		—		7,350		4,909		32,993		37,902		(15,557	)		22,345	2007	2013
MAA Tanglewood	Anderson, SC		—			427		3,853		—		5,073		427		8,926		9,353		(6,374	)		2,979	1980	1994
MAA 1201 Midtown	Charleston, SC		—			18,679		63,759		—		19,692		18,679		83,451		102,130		(18,876	)		83,254	2015/18	2016
MAA Cypress Cove	Charleston, SC		—			3,610		28,645		—		7,862		3,610		36,507		40,117		(15,426	)		24,691	2001	2013
MAA Hampton Pointe	Charleston, SC		—			3,971		22,790		—		12,855		3,971		35,645		39,616		(15,334	)		24,282	1986	2013
MAA Westchase	Charleston, SC		—			4,571		20,091		—		8,533		4,571		28,624		33,195		(13,492	)		19,703	1985	2013
MAA James Island	Charleston, SC		—			920		24,097		—		9,008		920		33,105		34,025		(14,590	)		19,435	1987	2013
MAA Rivers Walk	Charleston, SC		—			8,831		39,430		—		4,201		8,831		43,631		52,462		(12,051	)		40,411	2013/16	2013
Paddock Club Columbia	Columbia, SC		—			1,840		16,560		—		8,553		1,840		25,113		26,953		(19,631	)		7,322	1991	1997
Fairways	Columbia, SC		—			910		8,207		—		3,693		910		11,900		12,810		(10,586	)		2,224	1992	1994
MAA Crowfield	Goose Creek, SC		—			1,321		14,163		—		6,403		1,321		20,566		21,887		(9,755	)		12,132	1985	2013
MAA Highland Ridge	Greenville, SC		—			482		4,337		—		4,013		482		8,350		8,832		(6,285	)		2,547	1984	1995
MAA Howell Commons	Greenville, SC		—			1,304		11,740		—		7,120		1,304		18,860		20,164		(14,543	)		5,621	1987	1997
MAA Innovation	Greenville, SC		—			4,437		52,026		—		3,734		4,437		55,760		60,197		(15,800	)		44,397	2015	2016
MAA Paddock Club	Greenville, SC		—			1,200		10,800		—		4,725		1,200		15,525		16,725		(12,244	)		4,481	1996	1997
MAA Haywood	Greenville, SC		—			360		2,925		—		6,667		360		9,592		9,952		(7,215	)		2,737	1983	1993
MAA Spring Creek	Greenville, SC		—			583		5,374		—		5,012		583		10,386		10,969		(7,757	)		3,212	1985	1995
MAA Greene	Greenville, SC		—			5,427		66,546		—		3,936		5,427		70,482		75,909		(10,250	)		65,659	2019	2019
MAA Runaway Bay	Mt. Pleasant, SC		—			1,096		7,269		—		12,199		1,096		19,468		20,564		(12,863	)		7,701	1988	1995
MAA Commerce Park	North Charleston, SC		—			2,780		33,966		—		7,136		2,780		41,102		43,882		(18,118	)		25,764	2008	2013
MAA Point Place	Simpsonville, SC		—			1,216		18,666		—		3,590		1,216		22,256		23,472		(10,931	)		12,541	2008	2010
MAA Park Place	Spartanburg, SC		—			723		6,504		—		3,702		723		10,206		10,929		(8,162	)		2,767	1987	1997
MAA Waters Edge	Summerville, SC		—			2,103		9,187		—		7,427		2,103		16,614		18,717		(8,273	)		10,444	1985	2013
MAA Farm Springs	Summerville, SC		—			2,800		26,295		—		4,436		2,800		30,731		33,531		(17,745	)		15,786	2007	2007
MAA Hamilton	Chattanooga, TN		—			1,131		10,632		—		9,730		1,131		20,362		21,493		(11,697	)		9,796	1989	1992
MAA Heritage Park	Chattanooga, TN		—			972		8,954		—		9,187		972		18,141		19,113		(10,507	)		8,606	1987	1988
MAA Cloverdale	Chattanooga, TN		—			217		1,957		—		6,018		217		7,975		8,192		(5,057	)		3,135	1986	1991
MAA Windridge	Chattanooga, TN		—			817		7,416		—		6,362		817		13,778		14,595		(10,446	)		4,149	1984	1997
MAA Kirby Station	Memphis, TN		—			1,148		10,337		—		12,630		1,148		22,967		24,115		(18,104	)		6,011	1978	1994
MAA Southwind	Memphis, TN		—			1,498		20,483		—		21,213		1,498		41,696		43,194		(33,467	)		9,727	1992	1994
MAA Park Estate	Memphis, TN		—			178		1,141		—		4,338		178		5,479		5,657		(4,190	)		1,467	1974	1977
MAA Dexter Lake	Memphis, TN		—			3,407		16,043		—		53,194		3,407		69,237		72,644		(40,020	)		32,624	2000	1998
MAA Murfreesboro	Murfreesboro, TN		—			915		14,774		—		6,062		915		20,836		21,751		(13,052	)		8,699	1999	1998
MAA Acklen	Nashville, TN		—			12,761		58,906		—		3,755		12,761		62,661		75,422		(16,003	)		59,419	2015	2017
MAA Indian Lake	Nashville, TN		—			4,950		28,053		—		4,123		4,950		32,176		37,126		(14,623	)		22,503	2010	2011
MAA Kennesaw Farms	Nashville, TN		—			3,456		22,443		—		6,257		3,456		28,700		32,156		(13,834	)		18,322	2008	2010
MAA Brentwood	Nashville, TN		—			1,191		10,739		—		11,794		1,191		22,533		23,724		(16,929	)		6,795	1986	1994
MAA Charlotte Ave	Nashville, TN		—			7,898		54,480		—		3,586		7,898		58,066		65,964		(13,062	)		52,902	2016	2017
MAA Bellevue	Nashville, TN		—			17,193		64,196		—		10,735		17,193		74,931		92,124		(28,260	)		63,864	1996/ 2015	2013
MAA Nashville West	Nashville, TN		—			2,963		33,673		—		13,601		2,963		47,274		50,237		(27,904	)		22,333	2001	1998
MAA Monthaven Park	Nashville, TN		—			2,736		28,902		—		9,033		2,736		37,935		40,671		(25,405	)		15,266	2000	2004
MAA Park	Nashville, TN		—			1,524		14,800		—		10,757		1,524		25,557		27,081		(20,918	)		6,163	1987	1995
MAA Cool Springs	Nashville, TN		—			6,670		—		—		55,666		6,670		55,666		62,336		(18,360	)		43,976	2012	2010
MAA Sam Ridley	Nashville, TN		—			3,350		28,308		—		6,984		3,350		35,292		38,642		(17,130	)		21,512	2009	2010
MAA Balcones Woods	Austin, TX		—			1,598		14,398		—		14,701		1,598		29,099		30,697		(19,488	)		11,209	1983	1997
MAA Canyon Creek	Austin, TX		—			3,621		32,137		—		4,877		3,621		37,014		40,635		(16,491	)		24,144	2008	2013
MAA Canyon Pointe	Austin, TX		—			3,778		20,201		—		5,501		3,778		25,702		29,480		(12,200	)		17,280	2003	2013
MAA Double Creek	Austin, TX		—			3,131		29,375		—		3,375		3,131		32,750		35,881		(14,734	)		21,147	2013	2013
MAA Onion Creek	Austin, TX		—			4,902		33,010		—		5,378		4,902		38,388		43,290		(17,693	)		25,597	2009	2013
MAA Wells Branch	Austin, TX		—	(1)		3,722		32,283		—		4,973		3,722		37,256		40,978		(16,156	)		24,822	2008	2013
MAA Quarry Oaks	Austin, TX		—			4,621		34,461		—		16,062		4,621		50,523		55,144		(20,517	)		34,627	1996	2013
MAA Sunset Valley	Austin, TX		—			3,150		11,393		—		7,336		3,150		18,729		21,879		(11,160	)		10,719	1996	2004
MAA Western Oaks	Austin, TX		—	(2)		9,100		49,339		—		6,434		9,100		55,773		64,873		(24,208	)		40,665	2001	2009
MAA Barton Creek	Austin, TX		—			8,683		21,497		—		5,804		8,683		27,301		35,984		(9,008	)		26,976	1998	2016
MAA Park Mesa	Austin, TX		—			4,653		19,828		—		3,312		4,653		23,140		27,793		(7,242	)		20,551	1992	2016
MAA South Lamar	Austin, TX		—			20,542		74,093		—		31,288		20,542		105,381		125,923		(30,678	)		95,245	2011/17	2016
MAA West Austin	Austin, TX		—	(1)		7,805		48,843		—		6,892		7,805		55,735		63,540		(20,429	)		43,111	2009	2016
MAA Brushy Creek	Austin, TX		—			2,900		24,009		—		7,629		2,900		31,638		34,538		(19,151	)		15,387	2003	2006
MAA East Austin	Austin, TX		—			2,281		6,169		—		17,259		2,281		23,428		25,709		(12,951	)		12,758	1987	1995
MAA Barton Skyway	Austin, TX		—			1,405		12,769		—		14,024		1,405		26,793		28,198		(16,543	)		11,655	1977	1997
MAA Windmill Hill	Austin, TX		—			5,006		—		—		54,931		5,006		54,931		59,937		(7,604	)		52,333	2022	2020
MAA Shoal Creek	Bedford, TX		—			4,982		27,377		—		10,173		4,982		37,550		42,532		(16,526	)		26,006	1996	2013


					Initial Cost				Costs Capitalized Subsequent to Acquisition				Gross Amount carried as of December 31, 2024
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land		Buildings and Fixtures		Land		Buildings and Fixtures		Total (3)		Accumulated Depreciation (4)			Net		Date of Construction	Date Acquired
MAA Willow Creek	Bedford, TX		—			3,109		33,488		—		14,038		3,109		47,526		50,635		(21,560	)		29,075	1996	2013
MAA Hebron	Carrollton, TX		—			4,231		42,237		—		4,166		4,231		46,403		50,634		(19,470	)		31,164	2011	2013
MAA Cedar Park	Cedar Park, TX		—			7,232		56,640		—		9,375		7,232		66,015		73,247		(28,949	)		44,298	2005	2013
MAA Grand Cypress	Cypress, TX		—			3,881		24,267		—		6,159		3,881		30,426		34,307		(10,864	)		23,443	2008	2013
MAA Medical District	Dallas, TX		—			4,050		33,779		—		6,302		4,050		40,081		44,131		(16,095	)		28,036	2007	2013
MAA Highlands North	Dallas, TX		—			988		8,893		—		6,995		988		15,888		16,876		(11,286	)		5,590	1986	1998
MAA Grand Courtyards	Dallas, TX		—			2,730		22,240		—		9,037		2,730		31,277		34,007		(17,980	)		16,027	2000	2006
MAA Lowes Farm	Dallas, TX		—			5,016		41,091		—		6,120		5,016		47,211		52,227		(20,923	)		31,304	2008	2011
MAA Frisco Bridges	Dallas, TX		—			14,845		66,571		—		67,555		14,845		134,126		148,971		(43,480	)		105,491	2009/13/21	2013
MAA McKinney Avenue	Dallas, TX		—			34,765		40,127		—		15,771		34,765		55,898		90,663		(18,862	)		71,801	1993/96	2016
MAA Worthington	Dallas, TX		—			13,713		43,268		—		13,443		13,713		56,711		70,424		(17,501	)		52,923	1993/2008	2016
MAA Abbey	Dallas, TX		—			2,711		4,369		—		1,469		2,711		5,838		8,549		(1,851	)		6,698	1996	2016
MAA Addison Circle	Dallas, TX		—			12,308		189,419		—		36,723		12,308		226,142		238,450		(72,484	)		165,966	1998-2000	2016
MAA North Hall	Dallas, TX		—			13,030		14,383		—		6,777		13,030		21,160		34,190		(7,365	)		26,825	1998	2016
MAA Eastside	Dallas, TX		—			7,134		58,095		—		7,129		7,134		65,224		72,358		(22,195	)		50,163	2008	2016
MAA Gallery	Dallas, TX		—			4,391		7,910		—		3,920		4,391		11,830		16,221		(3,961	)		12,260	1999	2016
MAA Heights	Dallas, TX		—			26,245		37,922		—		9,510		26,245		47,432		73,677		(15,170	)		58,507	1998-1999/2009	2016
MAA Katy Trail	Dallas, TX		—			10,333		32,456		—		3,735		10,333		36,191		46,524		(10,826	)		35,698	2010	2016
MAA Legacy	Dallas, TX		—	(1)		6,575		55,277		—		12,645		6,575		67,922		74,497		(20,518	)		53,979	2000	2016
MAA Meridian	Dallas, TX		—			8,780		13,654		—		2,403		8,780		16,057		24,837		(5,346	)		19,491	1991	2016
MAA Uptown Village	Dallas, TX		—			34,974		33,213		—		13,796		34,974		47,009		81,983		(16,180	)		65,803	1995-2000	2016
MAA Watermark	Dallas, TX		—			960		14,438		—		5,632		960		20,070		21,030		(12,445	)		8,585	2002	2004
MAA Cathedral Arts	Dallas, TX		—			13,511		91,568		—		65		13,511		91,633		105,144		(811	)		104,333	2024	2024
MAA Bear Creek	Euless, TX		—			6,453		30,048		—		9,706		6,453		39,754		46,207		(18,092	)		28,115	1998	2013
MAA Fairview	Fairview, TX		—			2,171		35,077		—		3,862		2,171		38,939		41,110		(15,934	)		25,176	2012	2013
MAA Starwood	Frisco, TX		—			3,240		26,069		—		4,420		3,240		30,489		33,729		(14,640	)		19,089	2009	2010
MAA Grapevine	Grapevine, TX		—			2,351		29,757		—		11,770		2,351		41,527		43,878		(17,838	)		26,040	1985/1986	2013
MAA Greenwood Forest	Houston, TX		—			3,465		23,482		—		5,676		3,465		29,158		32,623		(11,160	)		21,463	1994	2013
MAA Legacy Pines	Houston, TX		—			2,142		19,066		—		6,976		2,142		26,042		28,184		(17,263	)		10,921	1999	2003
MAA Energy Park	Houston, TX		—			2,061		15,830		—		6,925		2,061		22,755		24,816		(12,492	)		12,324	1996	2007
MAA 510	Houston, TX		—			7,226		33,366		—		3,602		7,226		36,968		44,194		(12,165	)		32,029	2014	2016
MAA Afton Oaks	Houston, TX		—			11,503		65,469		—		6,426		11,503		71,895		83,398		(24,671	)		58,727	2017	2016
MAA Midtown Square	Houston, TX		—			19,038		89,570		—		13,575		19,038		103,145		122,183		(33,806	)		88,377	1999/2013	2016
MAA Ranchstone	Houston, TX		—			1,480		14,807		—		6,278		1,480		21,085		22,565		(11,596	)		10,969	1996	2007
MAA Woodwind	Houston, TX		—			1,968		19,928		—		9,593		1,968		29,521		31,489		(16,110	)		15,379	1999	2006
MAA Vintage Park	Houston, TX		—	(1)		8,211		40,352		—		5,423		8,211		45,775		53,986		(12,279	)		41,707	2014	2014
MAA Greater Heights	Houston, TX		—	(2)		13,107		62,764		—		6,209		13,107		68,973		82,080		(16,359	)		65,721	2015	2016
MAA Park Point	Houston, TX		—			9,031		—		—		46,558		9,031		46,558		55,589		(8,169	)		47,420	2021	2018
MAA Fall Creek	Humble, TX		—			5,985		40,011		—		9,380		5,985		49,391		55,376		(26,311	)		29,065	2007	2007
MAA Bella Casita	Irving, TX		—			2,521		26,432		—		7,688		2,521		34,120		36,641		(15,421	)		21,220	2007	2010
MAA Valley Ranch	Irving, TX		—			5,072		37,397		—		17,777		5,072		55,174		60,246		(26,071	)		34,175	1997	2013
MAA Las Colinas	Irving, TX		—	(2)		3,902		40,691		—		6,158		3,902		46,849		50,751		(18,829	)		31,922	2006	2013
MAA Remington Hills	Irving, TX		—			4,390		21,822		—		20,653		4,390		42,475		46,865		(17,775	)		29,090	1984	2013
MAA Times Square	McKinney, TX		—			1,130		28,058		—		8,285		1,130		36,343		37,473		(17,581	)		19,892	2009	2010
MAA Stonebridge Ranch	McKinney, TX		—			4,034		19,528		—		6,872		4,034		26,400		30,434		(9,533	)		20,901	2000	2013
MAA Market Center	Plano, TX		—			16,894		110,705		—		10,200		16,894		120,905		137,799		(31,851	)		105,948	2013/15	2014
MAA Highwood	Plano, TX		—			864		7,783		—		5,459		864		13,242		14,106		(9,724	)		4,382	1983	1998
MAA Los Rios	Plano, TX		—			3,273		28,823		—		11,049		3,273		39,872		43,145		(26,330	)		16,815	2000	2003
MAA Boulder Ridge	Roanoke, TX		—			3,382		26,930		—		12,055		3,382		38,985		42,367		(22,973	)		19,394	1999	2005
MAA Copper Ridge	Roanoke, TX		—			4,166		—		—		50,133		4,166		50,133		54,299		(16,588	)		37,711	2009/20	2008
MAA Ashton Oaks	Round Rock, TX		—			5,511		36,241		—		5,623		5,511		41,864		47,375		(18,497	)		28,878	2009	2013
MAA Round Rock	Round Rock, TX		—			4,691		45,379		—		6,136		4,691		51,515		56,206		(22,249	)		33,957	1997	2013
MAA Sierra Vista	Round Rock, TX		—			2,561		16,488		—		6,997		2,561		23,485		26,046		(10,935	)		15,111	1999	2013
MAA Alamo Ranch	San Antonio, TX		—			2,380		26,982		—		5,389		2,380		32,371		34,751		(15,416	)		19,335	2009	2011
MAA Bulverde	San Antonio, TX		—			4,257		36,759		—		3,882		4,257		40,641		44,898		(11,326	)		33,572	2014	2014
MAA Haven at Blanco	San Antonio, TX		—			5,411		45,958		—		6,904		5,411		52,862		58,273		(22,626	)		35,647	2010	2012
MAA Westover Hills	San Antonio, TX		—			4,000		24,992		—		5,467		4,000		30,459		34,459		(15,538	)		18,921	2009	2009
MAA Cypresswood	Spring, TX		—			576		5,190		—		8,241		576		13,431		14,007		(8,153	)		5,854	1984	1994
MAA Kirkwood	Stafford, TX		—			1,918		15,846		—		7,443		1,918		23,289		25,207		(13,697	)		11,510	1996	2004
MAA Valleywood	Woodlands, TX		—			539		4,850		—		9,649		539		14,499		15,038		(7,911	)		7,127	1984	1994
Novel Daybreak	Salt Lake City, UT		—			7,025		—		—		88,069		7,025		88,069		95,094		(5,623	)		89,471	2021	2021
MAA Stonefield	Charlottesville, VA		—			11,044		36,689		—		3,143		11,044		39,832		50,876		(11,398	)		39,478	2013	2014
MAA Adalay Bay	Chesapeake, VA		—			5,280		31,341		—		5,321		5,280		36,662		41,942		(16,460	)		25,482	2002	2012
MAA Cobblestone Square	Fredericksburg, VA		—			10,990		48,696		—		5,589		10,990		54,285		65,275		(17,810	)		47,465	2012	2016
Colonial Village at Greenbrier	Fredericksburg, VA		—			4,842		21,677		—		7,407		4,842		29,084		33,926		(11,547	)		22,379	1980	2013
MAA Seasons	Fredericksburg, VA		—			14,490		32,083		—		44,717		14,490		76,800		91,290		(27,686	)		63,604	2011	2011
MAA Cosners Corner	Fredericksburg, VA		—			12,825		51,078		—		4,847		12,825		55,925		68,750		(15,984	)		52,766	2013/16	2013
MAA Glen Allen	Glen Allen, VA		—			4,851		21,678		—		5,524		4,851		27,202		32,053		(12,264	)		19,789	1986	2013
MAA West End	Glen Allen, VA		—			4,661		18,908		—		4,529		4,661		23,437		28,098		(10,374	)		17,724	1987	2013
MAA Township	Hampton, VA		—			1,509		8,189		—		16,753		1,509		24,942		26,451		(14,122	)		12,329	1987	1995
MAA Pavilion Place	Midlothian, VA		—			6,733		29,221		—		8,125		6,733		37,346		44,079		(16,866	)		27,213	1989	2013
MAA Radius	Newport News, VA		—			5,040		36,481		—		11,114		5,040		47,595		52,635		(13,124	)		39,511	2012	2015
MAA Chase Gayton	Richmond, VA		—			6,021		29,004		—		7,042		6,021		36,046		42,067		(15,779	)		26,288	1984	2013


					Initial Cost				Costs Capitalized Subsequent to Acquisition						Gross Amount carried as of December 31, 2024
Property	Location	Encumbrances			Land		Buildings and Fixtures		Land			Buildings and Fixtures			Land			Buildings and Fixtures		Total (3)		Accumulated Depreciation (4)			Net		Date of Construction	Date Acquired
MAA Hunton Park	Richmond, VA		—			4,930		35,598		—			11,645			4,930			47,243		52,173		(20,196	)		31,977	2003	2011
MAA West Creek	Richmond, VA		—			10,112		36,136		—			16,917			10,112			53,053		63,165		(13,387	)		49,778	2015/17	2015
MAA Carlyle Square	Washington D.C.		—			29,728		154,309		—			7,407			29,728			161,716		191,444		(49,652	)		141,792	2006/2013	2016
MAA Centreville	Washington D.C.		—			7,664		70,012		—			7,993			7,664			78,005		85,669		(23,331	)		62,338	1996	2016
MAA Fallsgrove	Washington D.C.		—			17,524		58,896		—			8,276			17,524			67,172		84,696		(21,193	)		63,503	2003	2016
MAA National Landing	Washington D.C.		—			30,452		125,091		—			19,559			30,452			144,650		175,102		(46,342	)		128,760	2001	2016
MAA Tysons Corner	Washington D.C.		—			30,776		82,021		—			14,904			30,776			96,925		127,701		(29,597	)		98,104	1990	2016
Total Residential Properties			—			1,943,517		10,296,827		—			3,585,616			1,943,517			13,882,443		15,825,960		(5,254,832	)		10,571,128
MAA 220 Riverside Retail	Jacksonville, FL		—			119		2,902		—			1,080			119			3,982		4,101		(793	)		3,308	2015	2019
MAA Parkside Retail	Orlando, FL		—			742		11,924		—			1,802			742			13,726		14,468		(4,177	)		10,291	1999	2016
MAA Robinson Retail	Orlando, FL		—			—		563		—			251			—			814		814		(75	)		739	2021	2018
MAA Harbour Island Retail	Tampa, FL		—			386		4,315		—			442			386			4,757		5,143		(1,389	)		3,754	1997	2016
MAA Rocky Point Retail	Tampa, FL		—			34		51		—			451			34			502		536		(351	)		185	1994-1996	2016
MAA SoHo Square Retail	Tampa, FL		—	(1)		268		4,033		—			69			268			4,102		4,370		(1,762	)		2,608	2012	2016
MAA Buckhead Retail	Atlanta, GA		—			867		3,465		—			1,052			867			4,517		5,384		(1,762	)		3,622	2012	2012
MAA Piedmont Park Retail	Atlanta, GA		—			426		1,089		—			45			426			1,134		1,560		(347	)		1,213	1999	2016
MAA Riverside Office	Atlanta, GA		—			9,680		22,108		—			16,302			9,680			38,410		48,090		(12,624	)		35,466	1996	2016
MAA Riverside Retail	Atlanta, GA		—			889		2,340		—			2,855			889			5,195		6,084		(1,603	)		4,481	1996	2016
Post Training Facility	Atlanta, GA		—			1,092		968		—			243			1,092			1,211		2,303		(647	)		1,656	1999	2016
MAA West Village Retail	Smyrna, GA		—			3,408		8,446		—			2,360			3,408			10,806		14,214		(3,665	)		10,549	2012	2014
MAA Denton Pointe Retail	Kansas City, MO		—			700		4,439		—			1,700			700			6,139		6,839		(1,677	)		5,162	2014	2015
MAA 1225 Retail	Charlotte, NC		—			52		199		—			267			52			466		518		(227	)		291	2010	2010
MAA Gateway Retail	Charlotte, NC		—			318		1,430		—			104			318			1,534		1,852		(474	)		1,378	2000	2016
MAA South Line Retail	Charlotte, NC		—			470		1,289		—			317			470			1,606		2,076		(486	)		1,590	2009	2016
MAA Uptown Retail	Charlotte, NC		—			319		1,144		—			26			319			1,170		1,489		(356	)		1,133	1998	2016
MAA Leasing Center	Charlotte, NC		—			1,290		1,488		—			542			1,290			2,030		3,320		(541	)		2,779	1998	2016
MAA Hue Retail	Raleigh, NC		—			—		2,129		—			144			—			2,273		2,273		(495	)		1,778	2010	2018
MAA Wade Park Retail	Raleigh, NC		—			317		4,552		—			217			317			4,769		5,086		(1,888	)		3,198	2011	2016
MAA South Lamar Retail	Austin, TX		—			421		3,072		—			768			421			3,840		4,261		(1,108	)		3,153	2011	2016
MAA Frisco Bridges Retail	Dallas, TX		—			779		6,593		—			804			779			7,397		8,176		(2,471	)		5,705	2009	2016
MAA McKinney Avenue Retail	Dallas, TX		—			1,581		5,982		—			513			1,581			6,495		8,076		(1,933	)		6,143	1996	2016
MAA Worthington Retail	Dallas, TX		—			108		495		—			422			108			917		1,025		(309	)		716	1993/2008	2016
MAA Addison Circle Office	Dallas, TX		—			1,395		4,280		—			3,193			1,395			7,473		8,868		(2,312	)		6,556	1998-2000	2016
MAA Addison Circle Retail	Dallas, TX		—			448		21,386		—			3,915			448			25,301		25,749		(8,069	)		17,680	1998-2000	2016
MAA North Hall Retail	Dallas, TX		—			347		716		—			141			347			857		1,204		(309	)		895	1998	2016
MAA Eastside Retail	Dallas, TX		—			682		10,645		—			1,016			682			11,661		12,343		(3,480	)		8,863	2008	2016
MAA Heights Retail	Dallas, TX		—			1,065		3,314		—			995			1,065			4,309		5,374		(1,273	)		4,101	1997	2016
MAA Katy Trail Retail	Dallas, TX		—			465		4,883		—			241			465			5,124		5,589		(1,455	)		4,134	2010	2016
MAA Legacy Retail	Dallas, TX		—	(1)		150		3,334		—			582			150			3,916		4,066		(1,139	)		2,927	2000	2016
MAA Midtown Square Retail	Houston, TX		—			1,322		16,005		—			993			1,322			16,998		18,320		(5,078	)		13,242	1999/2013	2016
Rise Condo Devel LP Retail	Houston, TX		—			—		2,280		—			68			—			2,348		2,348		(719	)		1,629	1999/2013	2016
MAA Bella Casita Retail	Irving, TX		—			46		186		—			221			46			407		453		(189	)		264	2007	2010
MAA Times Square Retail	McKinney, TX		—			253		1,310		—			6,483			253			7,793		8,046		(2,089	)		5,957	2009	2010
MAA Carlyle Square Retail	Washington D.C.		—			1,048		7,930		—			360			1,048			8,290		9,338		(2,472	)		6,866	2006/2016	2016
Total Retail / Commercial Properties			—			31,487		171,285		—			50,984			31,487			222,269		253,756		(69,744	)		184,012
MAA Milepost 35	Denver, CO		—			22,280		—		—			116,396			22,280			116,396		138,676		(2,219	)		136,457	N/A	2022
MAA Nixie	Raleigh, NC		—			15,328		—		—			119,005			15,328			119,005		134,333		(261	)		134,072	N/A	2022
MAA Breakwater	Tampa, FL		—			23,514		—		—			133,040			23,514			133,040		156,554		—			156,554	N/A	2022
Modera Liberty Row	Charlotte, NC		—			14,579		60,473		—			25,440			14,579			85,913		100,492		—			100,492	N/A	2024
MAA Plaza Midwood	Charlotte, NC		—			9,778		—		—			19,328			9,778			19,328		29,106		—			29,106	N/A	2022
Modera Chandler	Phoenix, AZ		—			10,935		—		—			23,134			10,935			23,134		34,069		—			34,069	N/A	2024
MAA Porter	Richmond, VA		—			11,504		—		—			4,490			11,504			4,490		15,994		—			15,994	N/A	2024
Total Active Development Properties			—			107,918		60,473		—			440,833			107,918			501,306		609,224		(2,480	)		606,744
Total Properties			—			2,082,922		10,528,585		—			4,077,433			2,082,922			14,606,018		16,688,940		(5,327,056	)		11,361,884
Total Land Held for Future Developments			—			73,359		—		—			—			73,359			—		73,359		—			73,359	N/A	Various
Total Properties in Predevelopment			—			16,738		—		—			19,090			16,738			19,090		35,828		(93	)		35,735	N/A	Various
Corporate Properties			—			—		42,947		(2,748	)		(36,974	)		(2,748	)		5,973		3,225		(435	)		2,790	Various	Various
Total Other			—			90,097		42,947		(2,748	)		(17,884	)		87,349			25,063		112,412		(528	)		111,884
Total Real Estate Assets, net of Real Estate Joint Venture		$	—		$	2,173,019	$	10,571,532	$	(2,748	)	$	4,059,549		$	2,170,271		$	14,631,081	$	16,801,352	$	(5,327,584	)	$	11,473,768

(1)

Encumbered by a $191.3 million secured property mortgage, with a fixed interest rate of 4.43%, which matures on February 10, 2049.

(2)

Encumbered by a $172.0 million secured property mortgage, with a fixed interest rate of 4.44%, which matures on January 10, 2049.

(3)

The aggregate cost for federal income tax purposes was approximately $13.2 billion (unaudited) as of December 31, 2024. The aggregate cost for book purposes exceeds the total gross amount of real estate assets for federal income tax purposes, principally due to purchase accounting adjustments recorded under accounting principles generally accepted in the United States of America.

(4)

Depreciation is recognized on a straight-line basis over the estimated useful asset life, which ranges from five to 40 years for land improvements and buildings, three to five years for furniture, fixtures and equipment and approximately six months for the fair market value of in-place residential leases.

Mid-America Apartment Communities, Inc. and Mid-America Apartments, L.P.

Schedule III — Real Estate and Accumulated Depreciation

Years ended December 31, 2024, 2023 and 2022

The following table summarizes the Company’s changes in real estate investments and accumulated depreciation for the years ended December 31, 2024, 2023 and 2022 (dollars in thousands):


	2024			2023			2022
Real estate investments:
Balance at beginning of year	$	16,006,618		$	15,246,658		$	14,704,237
Acquisitions (1)		377,144			223,735			272,342
Less: fair market value of leases included in acquisitions		(2,371	)		(2,050	)		(1,505	)
Improvement and development		581,050			546,237			469,661
Assets held for sale		(39,724	)		—			—
Disposition of real estate assets (2)		(121,365	)		(7,962	)		(198,077	)
Balance at end of year	$	16,801,352		$	16,006,618		$	15,246,658
Accumulated depreciation:
Balance at beginning of year	$	4,864,690		$	4,302,747		$	3,848,161
Depreciation		581,539			562,760			540,708
Assets held for sale		(30,218	)		—			—
Disposition of real estate assets (2)		(88,427	)		(817	)		(86,122	)
Balance at end of year	$	5,327,584		$	4,864,690		$	4,302,747

(1)

Includes non-cash activity related to acquisitions.

(2)

Includes assets sold, casualty losses and removal of certain fully depreciated assets.

See accompanying reports of independent registered public accounting firm.