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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Assets    
Land $ 1,929,181 $ 1,905,757
Buildings and improvements and other 12,065,244 11,841,978
Development and capital improvements in progress 283,477 116,424
Real Estate Investment Property, at Cost 14,277,902 13,864,159
Less: Accumulated depreciation (3,415,105) (2,955,253)
Real Estate Investment Property, Net 10,862,797 10,908,906
Undeveloped land 60,993 34,548
Investment in real estate joint venture 43,325 43,674
Real estate assets, net 10,967,115 10,987,128
Cash and cash equivalents 25,198 20,476
Restricted cash 10,417 50,065
Other assets 192,061 172,781
Total assets 11,194,791 11,230,450
Liabilities:    
Unsecured notes payable 4,077,373 3,828,201
Secured notes payable 485,339 626,397
Accrued expenses and other liabilities 528,274 472,262
Total liabilities 5,090,986 4,926,860
Unsecured notes payable 4,077,373 3,828,201
Due to general partner 19,000 19,000
Redeemable common stock 15,397 14,131
Shareholders’ equity:    
Preferred Stock, Value, Outstanding 9 9
Common stock [1] 1,141 1,140
Additional paid-in capital 7,176,793 7,166,073
Accumulated distributions in excess of net income (1,294,182) (1,085,479)
Accumulated other comprehensive loss (12,128) (13,178)
Total MAA shareholders’ equity 5,871,633 6,068,565
Noncontrolling interests - Operating Partnership units 206,927 214,647
Total Company’s shareholders’ equity 6,078,560 6,283,212
Noncontrolling interests - consolidated real estate entities 9,848 6,247
Total equity 6,088,408 6,289,459
Total liabilities and equity 11,194,791 11,230,450
Operating Partnership capital:    
Accumulated other comprehensive loss (12,128) (13,178)
Noncontrolling interests - consolidated real estate entities 9,848 6,247
Total equity 6,088,408 6,289,459
Limited Partner [Member]    
Assets    
Land 1,929,181 1,905,757
Buildings and improvements and other 12,065,244 11,841,978
Development and capital improvements in progress 283,477 116,424
Real Estate Investment Property, at Cost 14,277,902 13,864,159
Less: Accumulated depreciation (3,415,105) (2,955,253)
Real Estate Investment Property, Net 10,862,797 10,908,906
Investment in real estate joint venture 43,325 43,674
Real estate assets, net 10,967,115 10,987,128
Cash and cash equivalents 25,198 20,476
Restricted cash 10,417 50,065
Other assets 192,061 172,781
Total assets 11,194,791 11,230,450
Undeveloped land 60,993 34,548
Liabilities:    
Unsecured notes payable 4,077,373 3,828,201
Secured notes payable 485,339 626,397
Accrued expenses and other liabilities 528,274 472,262
Total liabilities 5,091,005 4,926,879
Unsecured notes payable 4,077,373 3,828,201
Due to general partner 19 19
Redeemable common stock 15,397 14,131
Shareholders’ equity:    
Accumulated other comprehensive loss (12,496) (13,584)
Noncontrolling interests - consolidated real estate entities 9,848 6,247
Total equity 6,088,389 6,289,440
Total liabilities and equity 11,194,791 11,230,450
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 5,817,270 6,015,290
Limited Partners' Capital Account [2] 206,927 214,647
Accumulated other comprehensive loss (12,496) (13,584)
Total operating partners’ capital 6,078,541 6,283,193
Noncontrolling interests - consolidated real estate entities 9,848 6,247
Total equity $ 6,088,389 $ 6,289,440
[1]

Number of shares issued and outstanding represent total shares of common stock regardless of classification on the Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Consolidated Balance Sheets as of December 31, 2020 and December 31, 2019 are 121,534 and 107,162 shares, respectively.
[2] Number of units outstanding represents total OP Units regardless of classification on the Consolidated Balance Sheets. The number of units classified as redeemable common units on the Consolidated Balance Sheets as of December 31, 2020 and December 31, 2019 are 121,534 and 107,162 shares, respectively