Mid-America Apartment Communities
| Company type | Public company |
|---|---|
| NYSE: MAA S&P 500 Component | |
| Industry | Real estate investment trust |
| Founded | 1977 |
| Founder | George E. Cates |
| Headquarters | Memphis, Tennessee |
Key people | H. Eric Bolton, Jr., Chairman, CEO & President Albert M. Campbell, III, CFO |
| Products | Apartments |
| Revenue |  $1.528 billion (2017) |
 $0.340 billion (2017) | |
| Total assets | $11.491 billion (2017) |
| Total equity | $6.350 billion (2017) |
Number of employees | 2,464 (2017) |
| Website | www |
| Footnotes / references [1] | |
Mid-America Apartment Communities is a publicly-traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.[1]
As of December 31, 2017, the company owned 302 apartment communities containing 99,523 apartment units and 4 office buildings containing 231,821 square feet.[1] The company is the largest publicly-traded apartment real estate trust in the United States.[2]
History
The company was founded in 1977 by George E. Cates.[3]
In 1993, the company was organized as a real estate investment trust.[1]
In February 1994, the company acquired The Cates Company and became a public company via an initial public offering.[3]
In January 2004, the company acquired properties in Dallas, Texas and Nashville, Tennessee.[4]
In 2011, the company acquired 256-unit apartment community in Savannah, Georgia[5] and a 300-unit apartment community in Richmond, Virginia.[6]
In October 2013, the company acquired Colonial Properties.[7]
In 2016, the company was added to the S&P 500 Index.[8]
In 2016, the company acquired Alexan Heights, a 352-unit apartment complex in Houston Heights.[2]
In December 2016, the company acquired Post Properties.[9][10]
References
- ^ a b c d "Mid-America Apartment Communities, Inc. 2017 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ a b Takahashi, Paul (September 27, 2016). "Exclusive: Nation's largest REIT scoops up luxe Heights apartment complex". American City Business Journals.
- ^ a b "MAA founder George Cates retires from board". American City Business Journals. March 16, 2009.
- ^ "Mid-America Announces Property Acquisitions" (Press release). PRNewswire. January 26, 2004.
- ^ "MAA buys Avala at Savannah Quarters". American City Business Journals. June 15, 2011.
- ^ "MAA purchases Virginia apartments". American City Business Journals. June 2, 2011.
- ^ "MAA and Colonial Properties Trust complete $8.3 billion merger" (Press release). PRNewswire. October 1, 2013.
- ^ "Mid-America Apartment Communities, AmSurg to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600" (Press release). PRNewswire. November 29, 2016.
- ^ "MAA and Post complete merger" (Press release). PRNewswire. December 1, 2016.
- ^ "MAA and Post Properties to merge in $17 billion combination" (Press release). PRNewswire. August 15, 2016.
External links
- Business data for Mid-America Apartment Communities: