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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Land $ 1,910,655 $ 1,905,757
Buildings and improvements and other 11,960,028 11,841,978
Development and capital improvements in progress 196,824 116,424
Real Estate Investment Property, at Cost 14,067,507 13,864,159
Less: Accumulated depreciation (3,206,943) (2,955,253)
Real Estate Investment Property, Net 10,860,564 10,908,906
Undeveloped land 34,548 34,548
Investment in real estate joint venture 43,590 43,674
Real estate assets, net 10,938,702 10,987,128
Cash and cash equivalents 19,667 20,476
Restricted cash 15,927 50,065
Other assets 157,017 172,781
Total assets 11,131,313 11,230,450
Liabilities and equity    
Unsecured notes payable 3,849,784 3,828,201
Secured notes payable 622,824 626,397
Accrued expenses and other liabilities 473,795 472,262
Total liabilities 4,946,403 4,926,860
Redeemable common stock 13,333 14,131
Shareholders’ equity:    
Preferred Stock, Value, Outstanding 9 9
Common stock [1] 1,140 1,140
Additional paid-in capital 7,168,886 7,166,073
Accumulated distributions in excess of net income (1,202,536) (1,085,479)
Accumulated other comprehensive loss (12,665) (13,178)
Total MAA shareholders’ equity 5,954,834 6,068,565
Noncontrolling interests - Operating Partnership units 209,894 214,647
Total Company’s shareholders’ equity 6,164,728 6,283,212
Noncontrolling interests - consolidated real estate entities 6,849 6,247
Total equity 6,171,577 6,289,459
Total liabilities and equity 11,131,313 11,230,450
Liabilities:    
Redeemable common stock 13,333 14,131
Operating Partnership capital:    
Accumulated other comprehensive loss (12,665) (13,178)
Noncontrolling interests - consolidated real estate entities 6,849 6,247
Limited Partner [Member]    
Assets    
Land 1,910,655 1,905,757
Buildings and improvements and other 11,960,028 11,841,978
Development and capital improvements in progress 196,824 116,424
Real Estate Investment Property, at Cost 14,067,507 13,864,159
Less: Accumulated depreciation (3,206,943) (2,955,253)
Real Estate Investment Property, Net 10,860,564 10,908,906
Investment in real estate joint venture 43,590 43,674
Real estate assets, net 10,938,702 10,987,128
Cash and cash equivalents 19,667 20,476
Restricted cash 15,927 50,065
Other assets 157,017 172,781
Total assets 11,131,313 11,230,450
Undeveloped land 34,548 34,548
Liabilities and equity    
Unsecured notes payable 3,849,784 3,828,201
Secured notes payable 622,824 626,397
Accrued expenses and other liabilities 473,795 472,262
Total liabilities 4,946,422 4,926,879
Due to general partner 19 19
Redeemable common stock 13,333 14,131
Shareholders’ equity:    
Accumulated other comprehensive loss (13,053) (13,584)
Noncontrolling interests - consolidated real estate entities 6,849 6,247
Liabilities:    
Redeemable common stock 13,333 14,131
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 5,901,028 6,015,290
Limited Partners' Capital Account [2] 209,894 214,647
Accumulated other comprehensive loss (13,053) (13,584)
Total operating partners’ capital 6,164,709 6,283,193
Noncontrolling interests - consolidated real estate entities 6,849 6,247
Total equity 6,171,558 6,289,440
Total liabilities and equity $ 11,131,313 $ 11,230,450
[1]

Number of shares issued and outstanding represent 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, 2020 and December 31, 2019 are 116,272 and 107,162, 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, 2020 and December 31, 2019 are 116,272 and 107,162, respectively.