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v3.23.3

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Assets |  |  |
Land |  | $ 2,008,523 | $ 2,008,364
Buildings and improvements and other |  | 13,252,746 | 12,841,947
Development and capital improvements in progress |  | 338,864 | 332,035
Real Estate Investment Property, at Cost |  | 15,600,133 | 15,182,346
Less: Accumulated depreciation |  | (4,725,099) | (4,302,747)
Real Estate Investment Property, Net |  | 10,875,034 | 10,879,599
Undeveloped land |  | 73,861 | 64,312
Investment in real estate joint venture |  | 42,290 | 42,290
Real estate assets, net |  | 10,991,185 | 10,986,201
Cash and cash equivalents |  | 161,897 | 38,659
Restricted cash |  | 13,440 | 22,412
Other assets |  | 215,800 | 193,893
Total assets |  | 11,382,322 | 11,241,165
Liabilities: |  |  |
Unsecured notes payable |  | 4,034,153 | 4,050,910
Secured notes payable |  | 360,110 | 363,993
Accrued expenses and other liabilities |  | 666,437 | 615,843
Total liabilities |  | 5,060,700 | 5,030,746
Redeemable common stock |  | 18,033 | 20,671
Shareholders' equity: |  |  |
Preferred stock, value, outstanding |  | 9 | 9
Common stock, value, outstanding | [1] | 1,168 | 1,152
Additional Paid in Capital |  | 7,410,109 | 7,202,834
Accumulated distributions in excess of net income |  | (1,285,428) | (1,188,854)
Accumulated other comprehensive loss |  | (9,244) | (10,052)
Total MAA shareholders' equity |  | 6,116,614 | 6,005,089
Noncontrolling interests - Operating Partnership units |  | 163,950 | 163,595
Total Company’s shareholders’ equity |  | 6,280,564 | 6,168,684
Noncontrolling interests - consolidated real estate entities |  | 23,025 | 21,064
Operating Partnership capital: |  |  |
Accumulated other comprehensive loss |  | (9,244) | (10,052)
Noncontrolling interests - consolidated real estate entities |  | 23,025 | 21,064
Total equity |  | 6,303,589 | 6,189,748
Total liabilities and equity |  | 11,382,322 | 11,241,165
Limited Partnership [Member] |  |  |
Assets |  |  |
Land |  | 2,008,523 | 2,008,364
Buildings and improvements and other |  | 13,252,746 | 12,841,947
Development and capital improvements in progress |  | 338,864 | 332,035
Real Estate Investment Property, at Cost |  | 15,600,133 | 15,182,346
Less: Accumulated depreciation |  | (4,725,099) | (4,302,747)
Real Estate Investment Property, Net |  | 10,875,034 | 10,879,599
Undeveloped land |  | 73,861 | 64,312
Investment in real estate joint venture |  | 42,290 | 42,290
Real estate assets, net |  | 10,991,185 | 10,986,201
Cash and cash equivalents |  | 161,897 | 38,659
Restricted cash |  | 13,440 | 22,412
Other assets |  | 215,800 | 193,893
Total assets |  | 11,382,322 | 11,241,165
Liabilities: |  |  |
Unsecured notes payable |  | 4,034,153 | 4,050,910
Secured notes payable |  | 360,110 | 363,993
Accrued expenses and other liabilities |  | 666,437 | 615,843
Total liabilities |  | 5,060,719 | 5,030,765
Redeemable common stock |  | 18,033 | 20,671
Shareholders' equity: |  |  |
Accumulated other comprehensive loss |  | (9,433) | (10,268)
Total Company’s shareholders’ equity |  | 6,280,545 | 6,168,665
Noncontrolling interests - consolidated real estate entities |  | 23,025 | 21,064
Operating Partnership capital: |  |  |
Preferred Units, Preferred Partners' Capital Accounts |  | 66,840 | 66,840
General Partners' Capital Account | [2] | 6,059,188 | 5,948,498
Limited Partners' Capital Account | [2] | 163,950 | 163,595
Accumulated other comprehensive loss |  | (9,433) | (10,268)
Noncontrolling interests - consolidated real estate entities |  | 23,025 | 21,064
Total equity |  | 6,303,570 | 6,189,729
Total liabilities and equity |  | 11,382,322 | 11,241,165
Limited Partnership [Member] | Related Party [Member] |  |  |
Liabilities: |  |  |
Due to general partner |  | $ 19 | $ 19
[1] | Number of shares issued and outstanding represents 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 September 30, 2023 and December 31, 2022 are 140,174 and 136,429, 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 September 30, 2023 and December 31, 2022 are 140,174 and 136,429, respectively.

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