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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Assets    
Land $ 2,096,912 $ 2,096,912
Buildings and improvements and other 14,286,757 14,160,799
Development and capital improvements in progress 485,254 470,282
Real Estate Investment Property, at Cost 16,868,923 16,727,993
Less: Accumulated depreciation (5,478,208) (5,327,584)
Real Estate Investment Property, Net 11,390,715 11,400,409
Undeveloped land 73,359 73,359
Investment in real estate joint venture 41,790 41,650
Real estate assets, net 11,505,864 11,515,418
Cash and cash equivalents 55,776 43,018
Restricted cash 13,678 13,743
Other assets 236,639 232,426
Assets held for sale 0 7,764
Total assets 11,811,957 11,812,369
Liabilities:    
Unsecured notes payable 4,681,868 4,620,690
Secured notes payable 360,298 360,267
Accrued expenses and other liabilities 611,896 683,748
Total liabilities 5,654,062 5,664,705
Redeemable common stock 24,425 22,230
Shareholders' equity:    
Preferred stock, value, outstanding 9 9
Common stock, value, outstanding [1] 1,166 1,166
Additional paid-in capital 7,422,913 7,417,453
Accumulated distributions in excess of net income (1,467,858) (1,469,557)
Accumulated other comprehensive loss (6,522) (6,940)
Total MAA shareholders' equity 5,949,708 5,942,131
Noncontrolling interests - Operating Partnership units 154,810 155,409
Total Company’s shareholders’ equity 6,104,518 6,097,540
Noncontrolling interests - consolidated real estate entities 28,952 27,894
Operating Partnership capital:    
Limited Partners' Capital Account 512,900  
Accumulated other comprehensive loss (6,522) (6,940)
Noncontrolling interests - consolidated real estate entities 28,952 27,894
Total equity 6,133,470 6,125,434
Total liabilities and equity 11,811,957 11,812,369
Limited Partnership [Member]    
Assets    
Land 2,096,912 2,096,912
Buildings and improvements and other 14,286,757 14,160,799
Development and capital improvements in progress 485,254 470,282
Real Estate Investment Property, at Cost 16,868,923 16,727,993
Less: Accumulated depreciation (5,478,208) (5,327,584)
Real Estate Investment Property, Net 11,390,715 11,400,409
Undeveloped land 73,359 73,359
Investment in real estate joint venture 41,790 41,650
Real estate assets, net 11,505,864 11,515,418
Cash and cash equivalents 55,776 43,018
Restricted cash 13,678 13,743
Other assets 236,639 232,426
Assets held for sale 0 7,764
Total assets 11,811,957 11,812,369
Liabilities:    
Unsecured notes payable 4,681,868 4,620,690
Secured notes payable 360,298 360,267
Accrued expenses and other liabilities 611,896 683,748
Total liabilities 5,654,081 5,664,724
Redeemable common stock 24,425 22,230
Shareholders' equity:    
Accumulated other comprehensive loss (6,635) (7,064)
Total Company’s shareholders’ equity 6,104,499 6,097,521
Noncontrolling interests - consolidated real estate entities 28,952 27,894
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 5,889,484 5,882,336
Limited Partners' Capital Account [2] 154,810 155,409
Accumulated other comprehensive loss (6,635) (7,064)
Noncontrolling interests - consolidated real estate entities 28,952 27,894
Total equity 6,133,451 6,125,415
Total liabilities and equity 11,811,957 11,812,369
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 Condensed Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Condensed Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024 are 145,754 and 143,822, 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, 2025 and December 31, 2024 are 145,754 and 143,822, respectively.