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Real Estate Acquisitions and Dispositions (Tables) | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
Schedule of Real Estate Asset Acquisitions and Dispositions | The following table reflects the Company’s acquisition activity for the year ended December 31, 2022:
Multifamily Acquisitions |  | Market |  | Units |  | Date Acquired
MAA Hampton Preserve II |  | Tampa, FL |  | 196 |  | July 2022
MAA LoSo |  | Charlotte, NC |  | 344 |  | September 2022
During the year ended December 31, 2022, the Company acquired five land parcels for future development for approximately $59 million.
Land Acquisitions |  | Market |  | Acres |  | Date Acquired
MAA Florida Street Station |  | Denver, CO |  | 4 |  | March 2022
MAA Packing District |  | Orlando, FL |  | 4 |  | May 2022
MAA Panorama |  | Denver, CO |  | 6 |  | July 2022
MAA Nixie |  | Raleigh, NC |  | 6 |  | November 2022
Alta 10th (1) |  | Charlotte, NC |  | 3 |  | December 2022
(1) Represents a pre-purchase multifamily development. Approximately $10 million has been funded as of December 31, 2022, primarily related to land, with development expected to begin in the second half of 2023. MAA owns 95% of the joint venture that owns this property.
Multifamily Dispositions |  | Market |  | Units |  | Date Sold
MAA Deer Run |  | Fort Worth, TX |  | 304 |  | June 2022
MAA Oakbend |  | Fort Worth, TX |  | 426 |  | June 2022
Post Park Maryland |  | Maryland, MD |  | 396 |  | October 2022
Stassney Woods |  | Austin, TX |  | 288 |  | December 2022
During the year ended December 31, 2022, the Company closed on the disposition of two land parcels in the Huntsville, Alabama market for combined gross proceeds of approximately $1 million, resulting in the recognition of a negligible gain on the sale of non-depreciable real estate assets.
Land Dispositions |  | Market |  | Acres |  | Date Sold
Colonial Promenade |  | Huntsville, AL |  | 2 |  | April 2022
Colonial Promenade |  | Huntsville, AL |  | 3 |  | August 2022

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