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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.