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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets    
Land $ 2,105,602 $ 2,096,912
Buildings and improvements and other 14,468,733 14,160,799
Development and capital improvements in progress 484,955 470,282
Real Estate Investment Property, at Cost 17,059,290 16,727,993
Less: Accumulated depreciation (5,631,399) (5,327,584)
Real Estate Investment Property, Net 11,427,891 11,400,409
Undeveloped land 73,359 73,359
Investment in real estate joint venture 41,662 41,650
Real estate assets, net 11,542,912 11,515,418
Cash and cash equivalents 54,482 43,018
Restricted cash 13,634 13,743
Other assets 224,569 232,426
Assets held for sale 0 7,764
Total assets 11,835,597 11,812,369
Liabilities:    
Unsecured notes payable, net 4,687,813 4,620,690
Secured notes payable, net 360,330 360,267
Accrued expenses and other liabilities 697,054 683,748
Total liabilities 5,745,197 5,664,705
Redeemable common stock 21,135 22,230
Shareholders' equity:    
Preferred stock, value, outstanding 9 9
Common stock, value, outstanding [1] 1,168 1,166
Additional paid-in capital 7,431,627 7,417,453
Accumulated distributions in excess of net income (1,535,340) (1,469,557)
Accumulated other comprehensive loss (6,110) (6,940)
Total MAA shareholders' equity 5,891,354 5,942,131
Noncontrolling interests - Operating Partnership units 147,439 155,409
Total Company’s shareholders’ equity 6,038,793 6,097,540
Noncontrolling interests - consolidated real estate entities 30,472 27,894
Operating Partnership capital:    
Limited Partners' Capital Account 436,600  
Accumulated other comprehensive loss (6,110) (6,940)
Noncontrolling interests - consolidated real estate entities 30,472 27,894
Total equity 6,069,265 6,125,434
Total liabilities and equity 11,835,597 11,812,369
Limited Partnership [Member]    
Assets    
Land 2,105,602 2,096,912
Buildings and improvements and other 14,468,733 14,160,799
Development and capital improvements in progress 484,955 470,282
Real Estate Investment Property, at Cost 17,059,290 16,727,993
Less: Accumulated depreciation (5,631,399) (5,327,584)
Real Estate Investment Property, Net 11,427,891 11,400,409
Undeveloped land 73,359 73,359
Investment in real estate joint venture 41,662 41,650
Real estate assets, net 11,542,912 11,515,418
Cash and cash equivalents 54,482 43,018
Restricted cash 13,634 13,743
Other assets 224,569 232,426
Assets held for sale 0 7,764
Total assets 11,835,597 11,812,369
Liabilities:    
Unsecured notes payable, net 4,687,813 4,620,690
Secured notes payable, net 360,330 360,267
Accrued expenses and other liabilities 697,054 683,748
Total liabilities 5,745,216 5,664,724
Redeemable common stock 21,135 22,230
Shareholders' equity:    
Accumulated other comprehensive loss (6,206) (7,064)
Total Company’s shareholders’ equity 6,038,774 6,097,521
Noncontrolling interests - consolidated real estate entities 30,472 27,894
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 5,830,701 5,882,336
Limited Partners' Capital Account [2] 147,439 155,409
Accumulated other comprehensive loss (6,206) (7,064)
Noncontrolling interests - consolidated real estate entities 30,472 27,894
Total equity 6,069,246 6,125,415
Total liabilities and equity 11,835,597 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 June 30, 2025 and December 31, 2024 are 142,797 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 June 30, 2025 and December 31, 2024 are 142,797 and 143,822, respectively.