MAA Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Land	$ 1,898,509	$ 1,868,828
Buildings and improvements and other	11,825,934	11,670,216
Development and capital improvements in progress	101,469	59,506
Real Estate Investment Property, at Cost	13,825,912	13,598,550
Less: Accumulated depreciation	(2,906,677)	(2,549,287)
Real Estate Investment Property, Net	10,919,235	11,049,263
Undeveloped land	41,149	58,257
Investment in real estate joint venture	43,816	44,181
Real estate assets, net	11,004,200	11,151,701
Cash and cash equivalents	25,826	34,259
Restricted cash	16,856	17,414
Other assets	178,352	120,407
Assets held for sale	22,520
Total assets	11,247,754	11,323,781
Liabilities:
Unsecured notes payable	3,830,708	4,053,302
Secured notes payable	645,406	475,026
Accrued expenses and other liabilities	521,374	413,850
Total liabilities	4,997,488	4,942,178
Redeemable common stock	13,656	9,414
Shareholders' equity:
Preferred Stock, Value, Outstanding	9	9
Common stock	1,138	1,136
Additional paid-in capital	7,149,889	7,138,170
Accumulated distributions in excess of net income	(1,119,714)	(989,263)
Accumulated other comprehensive loss	(14,870)	(212)
Total MAA shareholders' equity	6,016,452	6,149,840
Noncontrolling interests - Operating Partnership units	213,547	220,043
Total Company's shareholders' equity	6,229,999	6,369,883
Noncontrolling interests - consolidated real estate entities	6,611	2,306
Total equity	6,236,610	6,372,189
Total liabilities and equity	$ 11,247,754	$ 11,323,781