MAALP Capital (Tables)

3 Months Ended

Mar. 31, 2021

M A A L P Capital [Abstract]

Summary of Changes in Total Capital and its Components

Changes in MAALP’s total capital and its components for the three months ended March 31, 2021 and 2020 were as follows (dollars in thousands):

	Mid-America Apartments, L.P. Unitholders’ Capital
	Limited Partners			General Partner			Preferred Units			Accumulated Other Comprehensive Loss			Noncontrolling Interests - Consolidated Real Estate Entities		Total Partnership Capital
CAPITAL BALANCE DECEMBER 31, 2020	$	206,927		$	5,817,270		$	66,840		$	(12,496	)	$	9,848	$	6,088,389
Net income		1,671			46,271			922			—			—		48,864
Other comprehensive income - derivative instruments		—			—			—			279			—		279
Issuance of units		—			134			—			—			—		134
Units repurchased and retired		—			(1,730	)		—			—			—		(1,730	)
Exercise of unit options		—			1,466			—			—			—		1,466
General partnership units issued in exchange for limited    partnership units		(232	)		232			—			—			—		—
Redeemable units fair market value adjustment		—			(2,158	)		—			—			—		(2,158	)
Adjustment for limited partners’ capital at redemption value		126			(126	)		—			—			—		—
Amortization of unearned compensation		—			5,993			—			—			—		5,993
Distributions to preferred unitholders		—			—			(922	)		—			—		(922	)
Distributions to common unitholders ($1.0250 per unit)		(4,156	)		(117,278	)		—			—			—		(121,434	)
Contribution from noncontrolling interest		—			—			—			—			633		633
CAPITAL BALANCE MARCH 31, 2021	$	204,336		$	5,750,074		$	66,840		$	(12,217	)	$	10,481	$	6,019,514

	Mid-America Apartments, L.P. Unitholders’ Capital
	Limited Partners			General Partner			Preferred Units			Accumulated Other Comprehensive Loss			Noncontrolling Interests - Consolidated Real Estate Entities		Total Partnership Capital
CAPITAL BALANCE DECEMBER 31, 2019	$	214,647		$	6,015,290		$	66,840		$	(13,584	)	$	6,247	$	6,289,440
Net income		1,304			35,726			922			—			—		37,952
Other comprehensive income - derivative instruments		—			—			—			253			—		253
Issuance of units		—			39			—			—			—		39
Units repurchased and retired		—			(1,727	)		—			—			—		(1,727	)
Exercise of unit options		—			71			—			—			—		71
General partnership units issued in exchange for limited    partnership units		(450	)		450			—			—			—		—
Redeemable units fair market value adjustment		—			3,111			—			—			—		3,111
Adjustment for limited partners’ capital at redemption value		56			(56	)		—			—			—		—
Amortization of unearned compensation		—			5,289			—			—			—		5,289
Distributions to preferred unitholders		—			—			(922	)		—			—		(922	)
Distributions to common unitholders ($1.0000 per unit)		(4,059	)		(114,302	)		—			—			—		(118,361	)
Contribution from noncontrolling interest		—			—			—			—			401		401
CAPITAL BALANCE MARCH 31, 2020	$	211,498		$	5,943,891		$	66,840		$	(13,331	)	$	6,648	$	6,215,546