Document and Entity Information
Document and Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2020 | Feb. 15, 2021 | Jun. 30, 2020 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2020 | ||
Document Fiscal Year Focus | 2020 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | MID-AMERICA APARTMENT COMMUNITIES, INC. | ||
Entity Central Index Key | 0000912595 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Common Stock, Shares Outstanding | 114,389,362 | ||
Entity Shell Company | false | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Interactive Data Current | Yes | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Public Float | $ 9.1 | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity File Number | 001-12762 | ||
Entity Incorporation, State or Country Code | TN | ||
Entity Tax Identification Number | 62-1543819 | ||
Entity Address, Address Line One | 6815 Poplar Avenue | ||
Entity Address, Address Line Two | Suite 500 | ||
Entity Address, City or Town | Germantown | ||
Entity Address, State or Province | TN | ||
Entity Address, Postal Zip Code | 38138 | ||
City Area Code | 901 | ||
Local Phone Number | 682-6600 | ||
Document Annual Report | true | ||
ICFR Auditor Attestation Flag | true | ||
Document Transition Report | false | ||
Documents Incorporated By Reference | Documents Incorporated by Reference Portions of the proxy statement for the annual shareholders meeting of Mid-America Apartment Communities, Inc. to be held on May 18, 2021 are incorporated by reference into Part III of this report. We expect to file our proxy statement within 120 days after December 31, 2020. | ||
Common Stock [Member] | |||
Document Information [Line Items] | |||
Trading Symbol | MAA | ||
Security Exchange Name | NYSE | ||
Title of 12(b) Security | Common Stock, par value $.01 per share | ||
Cumulative Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Trading Symbol | MAA*I | ||
Security Exchange Name | NYSE | ||
Title of 12(b) Security | 8.50% Series I Cumulative Redeemable Preferred Stock, $.01 par value per share | ||
Limited Partner [Member] | |||
Document Information [Line Items] | |||
Entity Registrant Name | MID-AMERICA APARTMENTS, L.P. | ||
Entity Central Index Key | 0001581776 | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Shell Company | false | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Interactive Data Current | Yes | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
Entity File Number | 333-190028-01 | ||
Entity Incorporation, State or Country Code | TN | ||
Entity Tax Identification Number | 62-1543816 | ||
Entity Address, Address Line One | 6815 Poplar Avenue | ||
Entity Address, Address Line Two | Suite 500 | ||
Entity Address, City or Town | Germantown | ||
Entity Address, State or Province | TN | ||
Entity Address, Postal Zip Code | 38138 | ||
City Area Code | 901 | ||
Local Phone Number | 682-6600 | ||
ICFR Auditor Attestation Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ 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] | |||
[2] |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Common stock, par value per share | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 145,000,000 | 145,000,000 |
Common stock, shares issued | 114,373,727 | 114,246,393 |
Common stock, shares outstanding | 114,373,727 | 114,246,393 |
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 |
Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 |
Preferred Stock, Dividend Rate, Percentage | 8.50% | 8.50% |
Preferred Stock, Shares Issued | 867,846 | 867,846 |
Preferred Stock, Shares Outstanding | 867,846 | 867,846 |
Preferred Stock, Liquidation Preference Per Share | $ 50 | $ 50 |
Redeemable stock, shares issued and outstanding | 121,534 | 107,162 |
General Partners' Capital Account, Units Outstanding | 114,373,727 | 114,246,393 |
Limited Partners' Capital Account, Units Outstanding | 4,057,657 | 4,067,174 |
Limited Partner [Member] | ||
Redeemable stock, shares issued and outstanding | 121,534 | 107,162 |
General Partners' Capital Account, Units Outstanding | 114,373,727 | 114,246,393 |
Limited Partners' Capital Account, Units Outstanding | 4,057,657 | 4,067,174 |
Preferred Units, Issued | 867,846 | 867,846 |
Preferred Units, Outstanding | 867,846 | 867,846 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Revenues: | |||
Rental and other property revenues | $ 1,677,984 | $ 1,641,017 | $ 1,571,346 |
Expenses: | |||
Operating expenses, excluding real estate taxes and insurance | 387,966 | 377,453 | 371,095 |
Real estate taxes and insurance | 252,505 | 235,392 | 223,493 |
Depreciation and amortization | 510,842 | 496,843 | 489,759 |
Total property operating expenses | 1,151,313 | 1,109,688 | 1,084,347 |
Property management expenses | 52,300 | 55,011 | 47,633 |
General and administrative expenses | 46,858 | 43,845 | 38,855 |
Merger and integration related expenses | 0 | 0 | 9,112 |
Interest expense | 167,562 | 179,847 | 173,594 |
(Gain) loss on sale of depreciable real estate assets | (9) | (80,988) | 39 |
Gain on sale of non-depreciable real estate assets | (1,024) | (12,047) | (4,532) |
Other non-operating income | (4,857) | (22,999) | (9,503) |
Income before income tax expense | 265,841 | 368,660 | 231,801 |
Income tax expense | (3,327) | (3,696) | (2,611) |
Income from continuing operations before real estate joint venture activity | 262,514 | 364,964 | 229,190 |
Income from real estate joint venture | 1,501 | 1,654 | 1,832 |
Net income | 264,015 | 366,618 | 231,022 |
Net income attributable to noncontrolling interests | 9,053 | 12,807 | 8,123 |
Net income available for shareholders | 254,962 | 353,811 | 222,899 |
Dividends to MAA Series I preferred shareholders | 3,688 | 3,688 | 3,688 |
Net income available for MAA common shareholders | $ 251,274 | $ 350,123 | $ 219,211 |
Earnings per common share - basic: | |||
Net income available for MAA common shareholders | $ 2.20 | $ 3.07 | $ 1.93 |
Earnings per common share - diluted: | |||
Net income available for MAA common shareholders | $ 2.19 | $ 3.07 | $ 1.93 |
Limited Partner [Member] | |||
Revenues: | |||
Rental and other property revenues | $ 1,677,984 | $ 1,641,017 | $ 1,571,346 |
Expenses: | |||
Operating expenses, excluding real estate taxes and insurance | 387,966 | 377,453 | 371,095 |
Real estate taxes and insurance | 252,505 | 235,392 | 223,493 |
Depreciation and amortization | 510,842 | 496,843 | 489,759 |
Total property operating expenses | 1,151,313 | 1,109,688 | 1,084,347 |
Property management expenses | 52,300 | 55,011 | 47,633 |
General and administrative expenses | 46,858 | 43,845 | 38,855 |
Merger and integration related expenses | 0 | 0 | 9,112 |
Interest expense | 167,562 | 179,847 | 173,594 |
(Gain) loss on sale of depreciable real estate assets | (9) | (80,988) | 39 |
Gain on sale of non-depreciable real estate assets | (1,024) | (12,047) | (4,532) |
Other non-operating income | (4,857) | (22,999) | (9,503) |
Income before income tax expense | 265,841 | 368,660 | 231,801 |
Income tax expense | (3,327) | (3,696) | (2,611) |
Income from continuing operations before real estate joint venture activity | 262,514 | 364,964 | 229,190 |
Income from real estate joint venture | 1,501 | 1,654 | 1,832 |
Net income | 264,015 | 366,618 | 231,022 |
Dividends to preferred unitholders | 3,688 | 3,688 | 3,688 |
Net income available for MAALP common unitholders | 260,327 | 362,794 | 227,334 |
Net income attributable to noncontrolling interests | 136 | ||
Net income available for MAALP unitholders | 264,015 | 366,482 | 231,022 |
Net income available for MAALP common unitholders | $ 260,327 | $ 362,794 | $ 227,334 |
Earnings per common share - basic: | |||
Net income available for MAA common shareholders | $ 2.20 | $ 3.07 | $ 1.93 |
Net income available for MAALP common unitholders | 2.20 | 3.07 | 1.93 |
Earnings per common share - diluted: | |||
Net income available for MAA common shareholders | 2.20 | 3.07 | 1.93 |
Net income available for MAALP common unitholders | $ 2.20 | $ 3.07 | $ 1.93 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Net income | $ 264,015 | $ 366,618 | $ 231,022 |
Other comprehensive income (loss): | |||
Unrealized loss from derivative instruments | (11,676) | (751) | |
Adjustment for net losses (gains) reclassified to net income from derivative instruments | 1,088 | (1,747) | (1,938) |
Total comprehensive income | 265,103 | 353,195 | 228,333 |
Less: Comprehensive income attributable to noncontrolling interests | (9,091) | (12,350) | (8,036) |
Comprehensive income | 256,012 | 340,845 | 220,297 |
Limited Partner [Member] | |||
Net income | 264,015 | 366,618 | 231,022 |
Other comprehensive income (loss): | |||
Unrealized loss from derivative instruments | (11,676) | (751) | |
Adjustment for net losses (gains) reclassified to net income from derivative instruments | 1,088 | (1,747) | (1,938) |
Total comprehensive income | 265,103 | 353,195 | 228,333 |
Less: Comprehensive income attributable to noncontrolling interests | (136) | ||
Comprehensive income | $ 265,103 | $ 353,059 | $ 228,333 |
Consolidated Statements of Equi
Consolidated Statements of Equity - USD ($) $ in Thousands | Total | Limited Partner [Member] | General Partner [Member] | AOCI Attributable to Noncontrolling Interest [Member] | Noncontrolling Interests-Consolidated Real Estate Entities [Member] | Redeemable Common Stock [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member]General Partner [Member] | Revision of Prior Period, Accounting Standards Update, Adjustment [Member]AOCI Attributable to Noncontrolling Interest [Member] | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-In Capital [Member] | Accumulated Distributions in Excess Of Net Income [Member] | Accumulated Distributions in Excess Of Net Income [Member]Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Accumulated Other Comprehensive (Loss) Income [Member] | Accumulated Other Comprehensive (Loss) Income [Member]Revision of Prior Period, Accounting Standards Update, Adjustment [Member] | Noncontrolling Interests Operating Partnership [Member] | Noncontrolling Interests-Consolidated Real Estate Entities [Member] | Redeemable Common Stock [Member] |
Beginning Balance at Dec. 31, 2017 | $ 6,573,894 | $ 9 | $ 1,134 | $ 7,121,112 | $ (784,500) | $ 2,157 | $ 231,676 | $ 2,306 | $ 10,408 | |||||||||
Beginning Balance, Shares at Dec. 31, 2017 | 868,000 | 113,540,000 | ||||||||||||||||
Net income | 231,022 | $ 8,123 | 222,899 | 8,123 | ||||||||||||||
Other comprehensive Income (loss) - derivative instruments | (2,689) | $ (2,689) | $ (2,602) | (87) | ||||||||||||||
Issuance and registration of common shares | (263) | $ 1 | (264) | 1,482 | ||||||||||||||
Issuance and registration of common shares, Shares | 142,000 | |||||||||||||||||
Shares repurchased and retired | (2,921) | $ (2,921) | (2,921) | |||||||||||||||
Shares repurchased and retired, Shares | (34,000) | |||||||||||||||||
Exercise of stock options | 916 | 916 | 916 | |||||||||||||||
Exercise of stock options, Shares | 18,000 | |||||||||||||||||
Shares issued in exchange for common units | $ 1 | 4,443 | (4,444) | |||||||||||||||
Shares issued in exchange for common units, Shares | 80,000 | |||||||||||||||||
Shares issued in exchange for redeemable stock | 1,915 | 1,915 | $ (1,915) | 1,915 | (1,915) | |||||||||||||
Redeemable stock fair market value adjustment | 561 | 561 | (561) | $ 561 | (561) | |||||||||||||
Adjustment for noncontrolling interests in Operating Partnership | $ (153) | $ 153 | $ 66 | $ (66) | ||||||||||||||
Cumulative adjustment due to adoption of ASU 2017-12 | $ (233) | $ 233 | ||||||||||||||||
Accounting Standards Update [Extensible List] | us-gaap:AccountingStandardsUpdate201712Member | us-gaap:AccountingStandardsUpdate201712Member | us-gaap:AccountingStandardsUpdate201712Member | us-gaap:AccountingStandardsUpdate201712Member | us-gaap:AccountingStandardsUpdate201712Member | us-gaap:AccountingStandardsUpdate201712Member | us-gaap:AccountingStandardsUpdate201712Member | |||||||||||
Amortization of unearned compensation | 12,903 | $ 12,903 | ||||||||||||||||
Dividends on preferred stock | (3,688) | $ (3,688) | ||||||||||||||||
Dividends on common stock | (424,302) | (424,302) | ||||||||||||||||
Dividends on noncontrolling interests units | (15,159) | $ (15,159) | ||||||||||||||||
Ending Balance at Dec. 31, 2018 | 6,372,189 | $ 9 | $ 1,136 | 7,138,170 | (989,263) | $ (212) | 220,043 | 2,306 | 9,414 | |||||||||
Ending Balance, Shares at Dec. 31, 2018 | 868,000 | 113,746,000 | ||||||||||||||||
Partners' Capital at Dec. 31, 2017 | 6,573,875 | $ 231,676 | $ 6,270,758 | $ 2,295 | $ 2,306 | 10,408 | 66,840 | |||||||||||
Net Income (Loss) Allocated to General Partners | 219,211 | |||||||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | ||||||||||||||||
Issuance of units | (264) | (264) | 1,482 | |||||||||||||||
General partner units issued in exchange for limited partner units | (4,444) | 4,444 | ||||||||||||||||
Partners' Capital at Dec. 31, 2018 | $ (233) | $ 233 | ||||||||||||||||
Amortization of unearned compensation | 12,904 | 12,904 | ||||||||||||||||
Dividends, Preferred Stock, Cash | (3,688) | |||||||||||||||||
Distributions to common unitholders | (439,461) | (15,159) | (424,302) | |||||||||||||||
Partners' Capital at Dec. 31, 2018 | 6,372,170 | 220,043 | 6,083,142 | (161) | 2,306 | 9,414 | 66,840 | |||||||||||
Net income | 366,618 | 12,671 | 136 | 353,811 | 12,671 | 136 | ||||||||||||
Other comprehensive Income (loss) - derivative instruments | (13,423) | (13,423) | (12,966) | (457) | ||||||||||||||
Issuance and registration of common shares | 20,500 | $ 4 | 20,496 | 1,651 | ||||||||||||||
Issuance and registration of common shares, Shares | 338,000 | |||||||||||||||||
Shares repurchased and retired | (3,724) | (3,724) | (3,724) | |||||||||||||||
Shares repurchased and retired, Shares | (37,000) | |||||||||||||||||
Exercise of stock options | 2,881 | 2,881 | 2,881 | |||||||||||||||
Exercise of stock options, Shares | 48,000 | |||||||||||||||||
Shares issued in exchange for common units | 2,366 | (2,366) | ||||||||||||||||
Shares issued in exchange for common units, Shares | 44,000 | |||||||||||||||||
Shares issued in exchange for redeemable stock | 575 | 575 | (575) | 575 | (575) | |||||||||||||
Redeemable stock fair market value adjustment | (3,641) | (3,641) | 3,641 | (3,641) | 3,641 | |||||||||||||
Adjustment for noncontrolling interests in Operating Partnership | 6,126 | 359 | (359) | 6,126 | (816) | 816 | ||||||||||||
Amortization of unearned compensation | 14,684 | 14,684 | ||||||||||||||||
Dividends on preferred stock | (3,688) | (3,688) | ||||||||||||||||
Dividends on common stock | (442,698) | (442,698) | ||||||||||||||||
Dividends on noncontrolling interests units | (16,060) | (16,060) | ||||||||||||||||
Acquisition of noncontrolling interest | (10,880) | (8,559) | (2,321) | (8,559) | (2,321) | |||||||||||||
Contributions from noncontrolling interest | 6,126 | 6,126 | ||||||||||||||||
Ending Balance at Dec. 31, 2019 | 6,289,459 | $ 9 | $ 1,140 | 7,166,073 | (1,085,479) | (13,178) | 214,647 | 6,247 | 14,131 | |||||||||
Ending Balance, Shares at Dec. 31, 2019 | 868,000 | 114,139,000 | ||||||||||||||||
Net Income (Loss) Allocated to General Partners | 350,123 | |||||||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | ||||||||||||||||
Issuance of units | 20,500 | 20,500 | 1,651 | |||||||||||||||
General partner units issued in exchange for limited partner units | (2,366) | 2,366 | ||||||||||||||||
Partners' Capital at Dec. 31, 2019 | 6,289,440 | 214,647 | 6,015,290 | (13,584) | 6,247 | 14,131 | 66,840 | |||||||||||
Amortization of unearned compensation | 14,684 | 14,684 | ||||||||||||||||
Dividends, Preferred Stock, Cash | (3,688) | |||||||||||||||||
Distributions to common unitholders | (458,758) | (16,060) | (442,698) | |||||||||||||||
Net income | 264,015 | 9,053 | 254,962 | 9,053 | ||||||||||||||
Other comprehensive Income (loss) - derivative instruments | 1,088 | 1,088 | 1,050 | 38 | ||||||||||||||
Issuance and registration of common shares | (208) | $ 1 | (209) | 1,629 | ||||||||||||||
Issuance and registration of common shares, Shares | 157,000 | |||||||||||||||||
Shares repurchased and retired | (5,657) | (5,657) | (5,657) | |||||||||||||||
Shares repurchased and retired, Shares | (55,000) | |||||||||||||||||
Exercise of stock options | $ 71 | 71 | 71 | |||||||||||||||
Exercise of stock options, Shares | 918 | 1,000 | ||||||||||||||||
Shares issued in exchange for common units | 502 | (502) | ||||||||||||||||
Shares issued in exchange for common units, Shares | 10,000 | |||||||||||||||||
Redeemable stock fair market value adjustment | $ 363 | 363 | (363) | 363 | (363) | |||||||||||||
Adjustment for noncontrolling interests in Operating Partnership | 3,601 | 63 | (63) | 3,601 | (25) | 25 | ||||||||||||
Amortization of unearned compensation | 16,038 | 16,038 | ||||||||||||||||
Dividends on preferred stock | (3,688) | (3,688) | ||||||||||||||||
Dividends on common stock | (460,340) | (460,340) | ||||||||||||||||
Dividends on noncontrolling interests units | (16,334) | (16,334) | ||||||||||||||||
Contributions from noncontrolling interest | 3,601 | 3,601 | ||||||||||||||||
Ending Balance at Dec. 31, 2020 | 6,088,408 | $ 9 | $ 1,141 | $ 7,176,793 | (1,294,182) | $ (12,128) | $ 206,927 | $ 9,848 | $ 15,397 | |||||||||
Ending Balance, Shares at Dec. 31, 2020 | 868,000 | 114,252,000 | ||||||||||||||||
Net Income (Loss) Allocated to General Partners | 251,274 | |||||||||||||||||
Dividends, Preferred Stock, Cash | 3,688 | 3,688 | ||||||||||||||||
Issuance of units | (208) | (208) | 1,629 | |||||||||||||||
General partner units issued in exchange for limited partner units | (502) | 502 | ||||||||||||||||
Partners' Capital at Dec. 31, 2020 | 6,088,389 | 206,927 | 5,817,270 | $ (12,496) | $ 9,848 | $ 15,397 | $ 66,840 | |||||||||||
Amortization of unearned compensation | 16,038 | 16,038 | ||||||||||||||||
Dividends, Preferred Stock, Cash | (3,688) | |||||||||||||||||
Distributions to common unitholders | $ (476,674) | $ (16,334) | $ (460,340) |
Consolidated Statements of Eq_2
Consolidated Statements of Equity (Parenthetical) - $ / shares | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Dividends Declared Per Share of Common Stock (in dollars per share) | $ 4.0250 | $ 3.8800 | $ 3.7275 |
Dividends Declared Per Share of Non Controlling Interests (in dollars per share) | 4.0250 | 3.8800 | 3.7275 |
Limited Partner [Member] | |||
Distribution Made to Limited Partner, Distributions Declared, Per Unit | $ 4.0250 | $ 3.8800 | $ 3.7275 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Cash flows from operating activities: | |||
Net income | $ 264,015 | $ 366,618 | $ 231,022 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 511,678 | 497,790 | 490,995 |
(Gain) loss on sale of depreciable real estate assets | (9) | (80,988) | 39 |
Gain on sale of non-depreciable real estate assets | (1,024) | (12,047) | (4,532) |
(Gain) loss on embedded derivative in preferred shares | (2,562) | (17,886) | 2,576 |
Stock compensation expense | 14,329 | 13,654 | 12,444 |
Amortization of debt issuance costs, discounts and premiums | 4,960 | 5,778 | (4,990) |
Net change in operating accounts and other operating activities | 32,562 | 8,501 | 6,738 |
Net cash provided by operating activities | 823,949 | 781,420 | 734,292 |
Cash flows from investing activities: | |||
Purchases of real estate and other assets | (56,965) | (105,106) | (129,487) |
Capital improvements, development and other | (426,941) | (303,097) | (254,715) |
Distributions from real estate joint ventures | 349 | 507 | 775 |
Contributions to affiliates | (5,349) | (5,391) | (2,905) |
Proceeds from disposition of real estate assets | 4,175 | 174,814 | 19,982 |
Net cash used in investing activities | (484,731) | (238,273) | (366,350) |
Cash flows from financing activities: | |||
Proceeds from lines of credit | 255,000 | 565,000 | 1,540,000 |
Repayments of lines of credit | (255,000) | (1,105,000) | (1,490,000) |
Net proceeds from commercial paper | 102,000 | 70,000 | |
Proceeds from notes payable | 447,593 | 1,059,289 | 869,630 |
Principal payments on notes payable | (441,108) | (657,619) | (878,610) |
Payment of deferred financing costs | (4,217) | (14,274) | (6,060) |
Distributions to noncontrolling interests | (16,243) | (15,939) | (15,079) |
Distributions paid on common shares/units | (457,355) | (437,743) | (419,849) |
Distributions paid on preferred shares/units | (3,688) | (3,688) | (3,688) |
Net change in other financing activities | (1,126) | 15,695 | (1,480) |
Net cash used in financing activities | (374,144) | (524,279) | (405,136) |
Net (decrease) increase in cash, cash equivalents and restricted cash | (34,926) | 18,868 | (37,194) |
Cash, cash equivalents and restricted cash, beginning of period | 70,541 | 51,673 | 88,867 |
Cash, cash equivalents and restricted cash, end of period | 35,615 | 70,541 | 51,673 |
Reconciliation of cash, cash equivalents and restricted cash: | |||
Cash and cash equivalents | 25,198 | 20,476 | 34,259 |
Restricted cash | 10,417 | 50,065 | 17,414 |
Cash, cash equivalents and restricted cash, end of period | 35,615 | 70,541 | 51,673 |
Supplemental disclosure of cash flow information: | |||
Interest paid | 165,098 | 169,743 | 184,834 |
Income taxes paid | 2,549 | 2,546 | 2,550 |
Supplemental disclosure of noncash investing and financing activities: | |||
Conversion of OP Units to shares of common stock | 502 | 2,366 | 4,443 |
Accrued construction in progress | 19,625 | 9,298 | 8,581 |
Interest capitalized | 6,912 | 2,889 | 2,047 |
Limited Partner [Member] | |||
Cash flows from operating activities: | |||
Net income | 264,015 | 366,618 | 231,022 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation and amortization | 511,678 | 497,790 | 490,995 |
(Gain) loss on sale of depreciable real estate assets | (9) | (80,988) | 39 |
Gain on sale of non-depreciable real estate assets | (1,024) | (12,047) | (4,532) |
(Gain) loss on embedded derivative in preferred shares | (2,562) | (17,886) | 2,576 |
Stock compensation expense | 14,329 | 13,654 | 12,444 |
Amortization of debt issuance costs, discounts and premiums | 4,960 | 5,778 | (4,990) |
Net change in operating accounts and other operating activities | 32,562 | 8,501 | 6,738 |
Net cash provided by operating activities | 823,949 | 781,420 | 734,292 |
Cash flows from investing activities: | |||
Purchases of real estate and other assets | (56,965) | (105,106) | (129,487) |
Capital improvements, development and other | (426,941) | (303,097) | (254,715) |
Distributions from real estate joint ventures | 349 | 507 | 775 |
Contributions to affiliates | (5,349) | (5,391) | (2,905) |
Proceeds from disposition of real estate assets | 4,175 | 174,814 | 19,982 |
Net cash used in investing activities | (484,731) | (238,273) | (366,350) |
Cash flows from financing activities: | |||
Proceeds from lines of credit | 255,000 | 565,000 | 1,540,000 |
Repayments of lines of credit | (255,000) | (1,105,000) | (1,490,000) |
Net proceeds from commercial paper | 102,000 | 70,000 | |
Proceeds from notes payable | 447,593 | 1,059,289 | 869,630 |
Principal payments on notes payable | (441,108) | (657,619) | (878,610) |
Payment of deferred financing costs | (4,217) | (14,274) | (6,060) |
Distributions paid on common shares/units | (473,598) | (453,682) | (434,928) |
Distributions paid on preferred shares/units | (3,688) | (3,688) | (3,688) |
Net change in other financing activities | (1,126) | 15,695 | (1,480) |
Net cash used in financing activities | (374,144) | (524,279) | (405,136) |
Net (decrease) increase in cash, cash equivalents and restricted cash | (34,926) | 18,868 | (37,194) |
Cash, cash equivalents and restricted cash, beginning of period | 70,541 | 51,673 | 88,867 |
Cash, cash equivalents and restricted cash, end of period | 35,615 | 70,541 | 51,673 |
Reconciliation of cash, cash equivalents and restricted cash: | |||
Cash and cash equivalents | 25,198 | 20,476 | 34,259 |
Restricted cash | 10,417 | 50,065 | 17,414 |
Cash, cash equivalents and restricted cash, end of period | 35,615 | 70,541 | 51,673 |
Supplemental disclosure of cash flow information: | |||
Interest paid | 165,098 | 169,743 | 184,834 |
Income taxes paid | 2,549 | 2,546 | 2,550 |
Supplemental disclosure of noncash investing and financing activities: | |||
Accrued construction in progress | 19,625 | 9,298 | 8,581 |
Interest capitalized | $ 6,912 | $ 2,889 | $ 2,047 |
Organization and Summary of Sig
Organization and Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2020 | |
Consolidation And Basis Of Presentation And Significant Accounting Policies [Abstract] | |
Organization and Summary of Significant Accounting Policies | 1. Organization and Summary of Significant Accounting Policies Unless the context otherwise requires, all references to the “Company” refer collectively to Mid-America Apartment Communities, Inc., together with its consolidated subsidiaries, including Mid-America Apartments, L.P. Unless the context otherwise requires, all references to “MAA” refer only to Mid-America Apartment Communities, Inc., and not any of its consolidated subsidiaries. Unless the context otherwise requires, the references to the “Operating Partnership” or “MAALP” refer to Mid-America Apartments, L.P. together with its consolidated subsidiaries. “Common stock” refers to the common stock of MAA and, unless the context otherwise requires, “shareholders” refers to the holders of shares of MAA’s common stock. The common units of limited partnership interests in the Operating Partnership are referred to as “OP Units,” and the holders of the OP Units are referred to as “common unitholders”. As of December 31, 2020, MAA owned 114,373,727 OP Units (or 96.6% of the total number of OP Units). MAA conducts substantially all of its business and holds substantially all of its assets, directly or indirectly, through the Operating Partnership, and by virtue of its ownership of the OP Units and being the Operating Partnership’s sole general partner, MAA has the ability to control all of the day-to-day operations of the Operating Partnership. Management believes combining the notes to the consolidated financial statements of MAA and the Operating Partnership results in the following benefits: • enhances a readers’ understanding of MAA and the Operating Partnership by enabling the reader to view the business as a whole in the same manner that management views and operates the business; • eliminates duplicative disclosure and provides a more streamlined and readable presentation since a substantial portion of the disclosure applies to both MAA and the Operating Partnership; and • creates time and cost efficiencies through the preparation of one combined set of notes instead of two separate sets. MAA, an S&P 500 company, is a multifamily-focused, self-administered and self-managed real estate investment trust, or REIT. Management operates MAA and the Operating Partnership as one business. The management of the Company is comprised of individuals who are officers of MAA and employees of the Operating Partnership. Management believes it is important to understand the few differences between MAA and the Operating Partnership in the context of how MAA and the Operating Partnership operate as a consolidated company. MAA and the Operating Partnership are structured as an umbrella partnership REIT, or UPREIT. MAA’s interest in the Operating Partnership entitles MAA to share in cash distributions from, and in the profits and losses of, the Operating Partnership in proportion to MAA’s percentage interest therein and entitles MAA to vote on substantially all matters requiring a vote of the partners. MAA’s only material asset is its ownership of limited partnership interests in the Operating Partnership (other than cash held by MAA from time to time); therefore, MAA’s primary function is acting as the sole general partner of the Operating Partnership, issuing public equity from time to time and guaranteeing certain debt of the Operating Partnership. The Operating Partnership holds, directly or indirectly, all of the Company’s real estate assets. Except for net proceeds from public equity issuances by MAA, which are contributed to the Operating Partnership in exchange for limited partnership interests, the Operating Partnership generates the capital required by the business through the Operating Partnership’s operations, direct or indirect incurrence of indebtedness and issuance of OP Units. The presentations of MAA’s shareholders’ equity and the Operating Partnership’s capital are the principal areas of difference between the consolidated financial statements of MAA and those of the Operating Partnership. MAA’s shareholders’ equity may include shares of preferred stock, shares of common stock, additional paid-in capital, cumulative earnings, cumulative distributions, noncontrolling interests, treasury shares, accumulated other comprehensive loss and redeemable common stock. The Operating Partnership’s capital may include common capital and preferred capital of the general partner (MAA), limited partners’ common capital and preferred capital, noncontrolling interests, accumulated other comprehensive loss and redeemable common units. Holders of OP Units (other than MAA) may require the Operating Partnership to redeem their OP Units from time to time, in which case the Operating Partnership may, at its option, pay the redemption price either in cash (in an amount per OP Unit equal, in general, to the average closing price of MAA’s common stock on the New York Stock Exchange, or NYSE, over a specified period prior to the redemption date) or by delivering one share of MAA’s common stock (subject to adjustment under specified circumstances) for each OP Unit so redeemed. Organization of Mid-America Apartment Communities, Inc. The Company owns, operates, acquires and selectively develops apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the United States. As of December 31, 2020, the Company owned and operated 299 apartment communities through the Operating Partnership and its subsidiaries and had an ownership interest in one apartment community through an unconsolidated real estate joint venture. As of December 31, 2020, the Company had eight development communities under construction totaling 2,607 apartment units once complete. Total expected costs for the eight development projects are $595.0 million, of which $335.6 million had been incurred through December 31, 2020. The Company expects to complete five of these developments in 2021, two development s in 2022 and one development in 2023 . As of December 31, 2020 , thirty-two of the Company’s apartment communities included retail components . The Company’s apartment communities were located across 16 states and the District of Columbia as of December 31, 2020 . Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared by the Company’s management in accordance with United States generally accepted accounting principles, or GAAP, and applicable rules and regulations of the Securities and Exchange Commission, or the SEC. The consolidated financial statements of MAA presented herein include the accounts of MAA, the Operating Partnership and all other subsidiaries in which MAA has a controlling financial interest. MAA owns, directly or indirectly, approximately 80% to 100% of all consolidated subsidiaries, including the Operating Partnership. The consolidated financial statements of MAALP presented herein include the accounts of MAALP and all other subsidiaries in which MAALP has a controlling financial interest. MAALP owns, directly or indirectly, 80% to 100% of all consolidated subsidiaries. In management’s opinion, all adjustments necessary for a fair presentation of the consolidated financial statements have been included, and all such adjustments were of a normal recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company invests in entities which may qualify as variable interest entities, or VIEs, and MAALP is considered a VIE. A VIE is a legal entity in which the equity investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or, as a group, the holders of the equity investment at risk lack the power to direct the activities of a legal entity as well as the obligation to absorb its expected losses or the right to receive its expected residual returns. MAALP is classified as a VIE because the limited partners lack substantive kick-out rights and substantive participating rights. The Company consolidates all VIEs for which it is the primary beneficiary and uses the equity method to account for investments that qualify as VIEs but for which it is not the primary beneficiary. In determining whether the Company is the primary beneficiary of a VIE, management considers both qualitative and quantitative factors, including, but not limited to, those activities that most significantly impact the VIE’s economic performance and which party controls such activities. The Company uses the equity method of accounting for its investments in entities for which the Company exercises significant influence, but does not have the ability to exercise control. The factors considered in determining whether the Company has the ability to exercise control include ownership of voting interests and participatory rights of investors (see “Investments in Unconsolidated Affiliates” below). Reclassifications In order to present comparative financial statements, certain reclassifications have been made to the Consolidated Statements of Operations. Prior year amounts have been changed to conform to the Company’s current year presentation. As a result of these reclassifications, $2.3 million of expenses and $4.1 million of income previously reported in the “General and administrative expenses” line item for the years ended December 31, 2019 and 2018, respectively, have been reclassified to the “Other non-operating income” line item of the Consolidated Statements of Operations in this report. Noncontrolling Interests As of December 31, 2020, the Company had two types of noncontrolling interests with respect to its consolidated subsidiaries, (1) noncontrolling interests related to the common unitholders of its Operating Partnership and (2) noncontrolling interests related to its consolidated real estate entities. The noncontrolling interests relating to the limited partnership interests in the Operating Partnership are owned by the holders of the Class A OP Units. MAA is the sole general partner of the Operating Partnership and holds all of the outstanding Class B OP Units. Net income (after allocations to preferred ownership interests) is allocated to MAA and the noncontrolling interests based on their respective ownership percentages of the Operating Partnership. Issuance of additional Class A OP Units or Class B OP Units changes the ownership percentage of both the noncontrolling interests and MAA. The issuance of Class B OP Units generally occurs when MAA issues common stock and the issuance proceeds are contributed to the Operating Partnership in exchange for Class B OP Units equal to the number of shares of MAA’s common stock issued. At each reporting period, the allocation between total MAA shareholders’ equity and noncontrolling interests is adjusted to account for the change in the respective percentage ownership of the underlying equity of the Operating Partnership. MAA’s Board of Directors established economic rights in respect to each Class A OP Unit that were equivalent to the economic rights in respect to each share of MAA common stock. See Note 9 for additional details. The noncontrolling interests relating to the Company’s three consolidated real estate entities are owned by private real estate companies that are generally responsible for the development and construction of the apartment communities that are owned through the consolidated real estate entities with a noncontrolling interest. The entities were determined to be VIE’s with the Company designated as the primary beneficiary. As a result, the accounts of the entities are consolidated by the Company. During the year ended December 31, 2020, the Company acquired a partial ownership interest in one consolidated real estate entity. As of December 31, 2020, the consolidated assets and liabilities of the Company’s consolidated real estate entities with a noncontrolling interest were $128.9 million and $8.1 million, respectively. As of December 31, 2019, the consolidated assets and liabilities of the Company’s consolidated real estate entities with a noncontrolling interest were $46.0 million and $3.2 million, respectively. Use of Estimates Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses to prepare these financial statements and notes in conformity with GAAP. Actual results could differ from those estimates. Rental Costs Costs associated with rental activities are expensed as incurred and include advertising expenses, which were $23.9 million, $20.8 million and $20.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. Real Estate Assets and Depreciation and Amortization Real estate assets are carried at depreciated cost and consist of land, buildings and improvements and other and development and capital improvements in progress (see “Development Costs” below). Repairs and maintenance costs are expensed as incurred, while significant improvements, renovations and recurring capital replacements are capitalized and depreciated over their estimated useful lives. Recurring capital replacements typically include scheduled carpet replacement, new roofs, HVAC units, plumbing, concrete, masonry and other paving, pools and various exterior building improvements. In addition to these costs, the Company also capitalizes salary costs directly identifiable with renovation work. These expenditures extend the useful life of the property and increase the property’s fair market value. The cost of interior painting and blinds are typically expensed as incurred. Depreciation is computed on a straight-line basis over the estimated useful lives of the related assets, which range from three to 40 years. The line item “Buildings and improvements and other” in the Consolidated Balance Sheets includes land improvements and buildings, which have a useful life ranging from five to 40 years, as well as furniture, fixtures and equipment, which have a useful life of three to five years. Development Costs Development projects and the related carrying costs, including interest, property taxes, insurance and allocated direct development salary costs during the construction period, are capitalized and reported in the accompanying Consolidated Balance Sheets as “Development and capital improvements in progress” during the construction period. Interest is capitalized in accordance with accounting standards governing the capitalization of interest. Upon completion and certification for occupancy of individual buildings or floors within a development, amounts representing the completed portion of total estimated development costs for the project are transferred to “Buildings and improvements and other” as real estate held for investment. Capitalization of interest, property taxes, insurance and allocated direct development salary costs cease upon the transfer. The assets are depreciated over their estimated useful lives. Total capitalized costs (including capitalized interest, salaries and real estate taxes) during the years ended December 31, 2020, 2019 and 2018 were $12.7 million, $6.5 million and $4.2 million, respectively. Certain costs associated with the lease-up of development projects, including cost of model units, furnishings and signs, are capitalized and amortized over their respective estimated useful lives. All other costs relating to renting development projects are expensed as incurred. Acquisition of Real Estate Assets In accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations The purchase price of an acquired property is allocated based on the relative fair value of the individual components as a proportion of the total assets acquired. The Company allocates the cost of the tangible assets of an acquired property by valuing the building as if it were vacant, based on management’s determination of the relative fair values of these assets. Management determines the as-if-vacant fair value of a building using methods similar to those used by independent appraisers. These methods include using stabilized net operating income, or NOI, and market specific capitalization and discount rates. In allocating the cost of identified intangible assets of an acquired property, the in-place leases are valued based on current rent rates and time and cost to lease a unit. Management concluded that the residential leases acquired in connection with each of its property acquisitions approximate at-market rates since the residential lease terms generally do not extend beyond one year. For residential leases, the fair value of the in-place leases and resident relationships is amortized over six months, which represents the estimated remaining term of the tenant leases. For retail and commercial leases, the fair value of in-place leases and tenant relationships is amortized over the remaining term of the leases. The net amount of these lease intangibles included in “Other assets” totaled $1.3 million and $2.6 million as of December 31, 2020 and 2019, respectively. Impairment of Long-lived Assets The Company accounts for long-lived assets in accordance with the provisions of accounting standards for the impairment or disposal of long-lived assets. Management periodically evaluates long-lived assets, including investments in real estate, for indicators that would suggest that the carrying amount of the assets may not be recoverable. The judgments regarding the existence of such indicators are based on factors such as operating performance, market conditions and legal factors. Long-lived assets, such as real estate assets, equipment and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are separately presented in the Consolidated Balance Sheets, are reported at the lower of the carrying amount or fair value less costs to sell and are no longer depreciated. The assets and liabilities of a disposed group or a property classified as held for sale are presented separately in the appropriate asset and liability sections of the Consolidated Balance Sheets. Undeveloped Land Undeveloped land includes sites intended for future multifamily developments, sites for future commercial development and sites intended for residential use, which are carried at the lower of cost or fair value in accordance with GAAP. Any costs incurred prior to commencement of pre-development activities are expensed as incurred. Investments in Unconsolidated Affiliates The Company uses the equity method to account for its investments in a real estate joint venture and two technology-focused limited partnerships that each qualify as a VIE. Management determined the Company is not the primary beneficiary in any of these investments but does have the ability to exert significant influence over the operations and financial policies of the real estate joint venture and considers its investment in the limited partnerships to be more than minor. The Company’s investment in the real estate joint venture was $43.3 million and $43.7 million as of December 31, 2020 and 2019, respectively. As of December 31, 2020 and 2019, the Company’s investments in the technology-focused limited partnerships were $23.0 million and $13.1 million, respectively, and are included in “Other assets” in the accompanying Consolidated Balance Sheets. As of December 31, 2020, the Company was committed until February 2025 to make additional capital contributions totaling $19.2 million if and when called by the general partners of the limited partnerships. Cash and Cash Equivalents Investments in money market accounts and certificates of deposit with original maturities of three months or less are considered to be cash equivalents. Restricted Cash Restricted cash consists of security deposits required to be held separately, escrow deposits held by lenders for property taxes, insurance, debt service and replacement reserves, and exchanges under Section 1031(b) of the Internal Revenue Code of 1986, as amended, or the Code. Section 1031(b) exchanges are presented within cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows. Other Assets Other assets consist primarily of receivables and deposits from residents, the value of derivative contracts, right-of-use lease assets, investments in limited partnerships, deferred rental concessions, deferred financing costs relating to a revolving credit facility and other prepaid expenses. Also included in other assets are the fair market value of in-place leases and resident relationships, net of accumulated amortization. Accrued Expenses and Other Liabilities Accrued expenses consist of accrued dividends payable, accrued real estate taxes, accrued interest payable, accrued loss contingencies (see Note 11), accounts payable, right-of-use lease liabilities, security deposits not related to restricted cash, other accrued expenses, and unearned income. Significant accruals include accrued dividends payable of $121.4 million and $118.3 million as of December 31, 2020 and 2019, respectively; accrued real estate taxes of $140.6 million and $131.9 million as of December 31, 2020 and 2019, respectively; unearned income of $48.8 million and $42.0 million as of December 31, 2020 and 2019, respectively; accrued loss contingencies of $5.3 million and $8.6 million as of December 31, 2020 and 2019, respectively; security deposits of $21.6 million and $19.4 million as of December 31, 2020 and 2019, respectively; and accrued interest payable of $24.8 million and $21.4 million as of December 31, 2020 and 2019, respectively. Income Taxes MAA has elected to be taxed as a REIT under the Code and intends to continue to operate in such a manner. The current and continuing qualification as a REIT depends on MAA’s ability to meet the various requirements imposed by the Code, which are related to organizational structure, distribution levels, diversity of stock ownership and certain requirements with respect to the nature and diversity of MAA’s assets and sources of MAA’s gross income. As long as MAA qualifies for taxation as a REIT, it will generally not be subject to United States federal corporate income tax on its taxable income that is currently distributed to shareholders. This treatment substantially eliminates the “double taxation” (i.e., income taxation at both the corporate and shareholder levels) that generally results from an investment in a corporation. Even if MAA qualifies as a REIT, MAA may be subject to United States federal income and excise taxes in certain situations, such as if MAA fails to distribute timely all of its taxable income with respect to a taxable year. MAA also will be required to pay a 100% tax on any net income on non-arm’s length transactions between MAA and one of its taxable REIT subsidiaries, or TRS. Furthermore, MAA and its shareholders may be subject to state or local taxation in various state or local jurisdictions, including those in which MAA transacts business or its shareholders reside, and the applicable state and local tax laws may not conform to the United States federal income tax treatment. Any taxes imposed on MAA would reduce its operating cash flows and net income. The Company has elected TRS status for certain of its corporate subsidiaries. As a result, the TRS incur both federal and state income taxes on any taxable income after consideration of any net operating losses. The TRS use the liability method of accounting for income taxes. Deferred income tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rate is recognized in earnings in the period of the enactment date. A valuation allowance is provided when it is more likely than not that all or some portion of the deferred tax assets will not be realized. The Company recognizes liabilities for uncertain income tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more likely than not to be realized upon ultimate settlement. See Note 7 for additional disclosures regarding income taxes. Fair Value Measurements The Company applies the guidance in ASC Topic 820, Fair Value Measurements and Disclosures Level 1 - Quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date. Level 2 - Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. Level 3 - Unobservable inputs for the assets or liability. Revenue Recognition The Company primarily leases multifamily residential apartments to residents under operating leases generally due on a monthly basis with terms of approximately one year or less. Rental revenues are recognized in accordance with ASC Topic 842, Leases In accordance with ASC Topic 842, rental revenues and non-lease reimbursable property revenues meet the criteria to be aggregated into a single lease component and are reported on a combined basis in the line item “Rental revenues”, as presented in the disaggregation of the Company’s revenues in Note 13. Revenue from Contracts with Customers Leases The Company is the lessee under certain ground, office, equipment and other operational leases, all of which are accounted for as operating leases in accordance with ASC Topic 842. The Company recognizes a right-of-use asset for the right to use the underlying asset for all leases where the Company is the lessee with terms of more than twelve months, and a related lease liability for the obligation to make lease payments. Expenses related to leases determined to be operating leases are recognized on a straight-line basis. As of December 31, 2020 and December 31, 2019 , right-of-use assets recorded within “Other assets” totaled $49.4 million and $53.8 million , respectively, and related lease obligations recorded within “Accrued expenses and other liabilities” totaled $31.7 million and $33.1 million , respectively, in the Consolidated Balance Sheets. As of December 31, 2020 , the Company’s operating leases had a weighted average remaining lease term of approximately 32 years and a weighted average discount rate of approximately 4.4% . Lease expense recognized for the years ended December 31, 2020, 2019 and 2018 was immaterial to the Company. Cash paid for amounts included in the measurement of operating lease liabilities during the years ended December 31, 2020 and 2019 was also immaterial. Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Account Standards Update (“ASU”) No. 2016-13, Measurement of Credit Losses on Financial Instruments |
Earnings Per Common Share of MA
Earnings Per Common Share of MAA | 12 Months Ended |
Dec. 31, 2020 | |
Earnings Per Common Share Of M A A [Abstract] | |
Earnings per Common Share of MAA | 2. Earnings per Common Share of MAA Basic earnings per share is computed by dividing net income available to MAA common shareholders by the weighted average number of common shares outstanding during the period. All outstanding unvested restricted share awards contain rights to non-forfeitable dividends and participate in undistributed earnings with shareholders and, accordingly, are considered participating securities that are included in the two-class method of computing basic earnings per share. Both the unvested restricted shares and other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis with diluted earnings per share being the more dilutive of the treasury stock or two-class methods. OP Units are included in dilutive earnings per share calculations when the units are dilutive to earnings per share. For the years ended December 31, 2020, 2019 and 2018, MAA’s diluted earnings per share was computed using the treasury stock method as presented below (dollars and shares in thousands, except per share amounts): Calculation of Earnings per common share - basic 2020 2019 2018 Net income $ 264,015 $ 366,618 $ 231,022 Net income attributable to noncontrolling interests (9,053 ) (12,807 ) (8,123 ) Unvested restricted stock (allocation of earnings) (338 ) (519 ) (291 ) Preferred dividends (3,688 ) (3,688 ) (3,688 ) Net income available for MAA common shareholders, adjusted $ 250,936 $ 349,604 $ 218,920 Weighted average common shares - basic 114,188 113,854 113,638 Earnings per common share - basic $ 2.20 $ 3.07 $ 1.93 Calculation of Earnings per common share - diluted Net income $ 264,015 $ 366,618 $ 231,022 Net income attributable to noncontrolling interests (9,053 ) (1) (12,807 ) (1) (8,123 ) (1) Preferred dividends (3,688 ) (3,688 ) (3,688 ) Net income available for MAA common shareholders, adjusted $ 251,274 $ 350,123 $ 219,211 Weighted average common shares - basic 114,188 113,854 113,638 Effect of dilutive securities 312 259 198 Weighted average common shares - diluted 114,500 114,113 113,836 Earnings per common share - diluted $ 2.19 $ 3.07 $ 1.93 (1) |
Earnings Per OP Unit of MAALP
Earnings Per OP Unit of MAALP | 12 Months Ended |
Dec. 31, 2020 | |
Earnings Per Share [Abstract] | |
Earnings per OP Unit of MAALP | 3. Earnings per OP Unit of MAALP Basic earnings per common unit is computed using the two-class method by dividing net income available for common unitholders by the weighted average number of OP Units outstanding during the period. All outstanding unvested restricted unit awards contain rights to non-forfeitable distributions and participate in undistributed earnings with common unitholders and, accordingly, are considered participating securities that are included in the two-class method of computing basic earnings per common unit. Diluted earnings per common unit reflects the potential dilution that could occur if securities or other contracts to issue OP Units were exercised or converted into OP Units. Both the unvested restricted unit awards and other potentially dilutive common units, and the related impact to earnings, are considered when calculating earnings per common unit on a diluted basis with diluted earnings per common unit being the more dilutive of the treasury stock or two-class methods. For the years ended December 31, 2020, 2019 and 2018, MAALP’s diluted earnings per common unit was computed using the treasury stock method as presented below (dollars and units in thousands, except per unit amounts): |
Stock-Based Compensation
Stock-Based Compensation | 12 Months Ended |
Dec. 31, 2020 | |
Stock Based Compensation [Abstract] | |
Stock-Based Compensation | 4. Overview MAA accounts for its stock-based employee compensation plans in accordance with accounting standards governing stock-based compensation. These standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award’s fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award, which is generally the vesting period. Any liability awards issued are remeasured at each reporting period. MAA’s stock compensation plans consist of a number of incentives provided to attract and retain independent directors, executive officers and key employees. Incentives are currently granted under the Second Amended and Restated 2013 Stock Incentive Plan, or the Stock Plan, which was approved at the 2018 annual meeting of MAA shareholders. The Stock Plan allows for the grant of restricted stock and stock options up to 2,000,000 shares. MAA believes that such awards better align the interests of its employees with those of its shareholders. Compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions. Compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award, with a separate vesting date, consistent with the estimated value of the award at each period end. Additionally, compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited. Compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period. MAA presents stock compensation expense in the Consolidated Statements of Operations in “General and administrative expenses”. Total compensation expense under the Stock Plan was $16.0 million, $14.7 million and $12.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. Of these amounts, total compensation expense capitalized was $1.7 million, $1.0 million and $0.5 million for the years ended December 31, 2020, 2019 and 2018, respectively. As of December 31, 2020, the total unrecognized compensation expense was $14.3 million. This cost is expected to be recognized over the remaining weighted average period of 0.8 years. Total cash paid for the settlement of plan shares totaled $5.7 million, $3.7 million and $2.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. Information concerning grants under the Stock Plan is provided below. Restricted Stock In general, restricted stock is earned based on either a service condition, market condition, performance condition or a combination thereof and generally vests ratably over a period from at grant date up to 5 years. Service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of MAA common stock on the date of grant. Market based awards are earned when MAA reaches a specified stock price or specified return on the stock price (price appreciation plus dividends) and are valued on the grant date using a Monte Carlo simulation. Performance based awards are earned when MAA reaches certain operational goals, such as funds available for distribution targets, and are valued based upon the market price of MAA common stock on the date of grant as well as the probability of reaching the stated targets. MAA remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known. The weighted average grant date fair value per share of restricted stock awards granted during the years ended December 31, 2020, 2019 and 2018, was $100.53, $72.98 and $71.85, respectively. The following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended December 31, 2020, 2019 and 2018: 2020 2019 2018 Risk free rate 1.603% 2.578% 1.61% - 2.14% Dividend yield 3.070% 4.043% 3.884% Volatility 17.02% 18.95% 15.05% - 17.18% Requisite service period 3 years 3 years 3 years The risk free rate was based on a zero coupon risk-free rate. The dividend yield was based on the closing stock price of MAA stock on the date of grant. Volatility for MAA was obtained by using a blend of both historical and implied volatility calculations. Historical volatility was based on the standard deviation of daily total continuous returns, and implied volatility was based on the trailing month average of daily implied volatilities interpolating between the volatilities implied by stock call option contracts that were closest to the terms shown and closest to the money. The requisite service period is based on the criteria for the separate programs according to the vesting schedule. For the year ended December 31, 2018, the minimum risk free rate was based on a period of 0.25 years, and the maximum risk free rate was based on a period of 3 years. For the year ended December 31, 2018, the minimum volatility was based on a period of A summary of the status of the nonvested restricted shares as of December 31, 2020, and the changes for the year ended December 31, 2020, is presented below: Nonvested Shares Shares Weighted Average Grant-Date Fair Value Nonvested as of January 1, 2020 233,878 $ 96.33 Issued 152,729 88.56 Vested (169,198 ) 81.69 Forfeited (559 ) 106.86 Nonvested as of December 31, 2020 216,850 $ 102.10 The total fair value of shares vested during the years ended December 31, 2020, 2019 and 2018 was $13.9 million, $9.3 million and $7.6 million, respectively. Stock Options Stock options are earned when the employee remains employed over the requisite service period and vest ratably over a period from 0.3 years to 2.3 years. Stock options exercised result in new common shares being issued on the open market by the Company. The fair value of stock option awards is determined using the Monte Carlo valuation model. No stock options were granted or expired during the years ended December 31, 2020, 2019 or 2018. A summary of the status of the outstanding stock options as of December 31, 2020 and the changes for the year ended December 31, 2020 is presented below: Stock Options Options Weighted Average Exercise Price Outstanding as of January 1, 2020 20,763 $ 77.82 Exercised (918 ) 77.77 Outstanding as of December 31, 2020 19,845 $ 77.83 All options outstanding as of December 31, 2020 were exercisable and had an intrinsic value of $1.0 million with a weighted average remaining term of 4.2 years. There were 918 options, 69,852 options and 17,823 options exercised during the years ended December 31, 2020, 2019 and 2018, respectively. Cash received from the exercise of stock options totaled $0.1 million, $2.9 million and $0.9 million for the years ended December 31, 2020, 2019 and 2018, respectively. |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2020 | |
Notes To Financial Statements [Abstract] | |
Borrowings | 5. Borrowings The following table summarizes the Company’s outstanding debt as of December 31, 2020 and 2019 (dollars in thousands): As of December 31, 2020 Unsecured debt December 31, 2020 December 31, 2019 Weighted Average Effective Rate Weighted Average Contract Maturity Variable rate commercial paper program $ 172,000 $ 70,000 0.3 % 1/7/2021 Fixed rate senior notes 3,922,000 3,472,000 3.6 % 1/27/2027 Term loans fixed with swaps — 300,000 — — Debt issuance costs, discounts, premiums and fair market value adjustments (16,627 ) (13,799 ) Total unsecured debt $ 4,077,373 $ 3,828,201 3.5 % Secured debt Fixed rate property mortgages $ 488,709 $ 629,817 4.6 % 1/12/2042 Debt issuance costs and fair market value adjustments (3,370 ) (3,420 ) Total secured debt $ 485,339 $ 626,397 4.6 % Total outstanding debt $ 4,562,712 $ 4,454,598 3.6 % Unsecured Revolving Credit Facility In May 2019, MAALP entered into a $1.0 billion unsecured revolving credit facility with a syndicate of banks led by Wells Fargo Bank, National Association, or Wells Fargo, and fourteen other banks, which is referred to as the Credit Facility. The Credit Facility replaced MAALP’s previous unsecured revolving credit facility, and it includes an expansion option up to $1.5 billion. The Credit Facility bears an interest rate of the London Interbank Offered Rate, or LIBOR, plus a spread of 0.75% to 1.45% based on an investment grade pricing grid. The Credit Facility matures in May 2023 with an option to extend for two additional six-month periods. As of December 31, 2020, there was no outstanding balance under the Credit Facility, while $3.4 million of capacity was used to support outstanding letters of credit. Unsecured Commercial Paper In May 2019, MAALP established an unsecured commercial paper program whereby MAALP may issue unsecured commercial paper notes with varying maturities not to exceed 397 days up to a maximum aggregate principal amount outstanding of $500.0 million. As of December 31, 2020, MAALP had $172.0 million outstanding under the commercial paper program. Unsecured Senior Notes As of In August 2020, MAALP publicly issued $450.0 million in aggregate principal amount of unsecured senior notes, maturing February 2031 with a coupon rate of 1.700% per annum, or the 2031 Notes. The purchase price paid by the purchasers was 99.465% of the principal amount. The 2031 Notes are general unsecured senior obligations of MAALP and rank equally in right of payment with all other senior unsecured indebtedness of MAALP. Interest on the 2031 Notes is payable on February 15 and August 15 of each year, beginning on February 15, 2021. The net proceeds of the offering, after deducting the original issue discount, underwriting commissions and expenses of approximately $5.3 million in the aggregate, were $444.7 million. The 2031 Notes have an effective interest rate of 1.76 % and have been reflected net of discount and debt issuance costs in the Consolidated Balance Sheets as of December 31, 2020 . Unsecured Term Loan In August 2020, MAALP retired a $300.0 million term loan with a syndicate of banks led by Wells Fargo due in March 2022. Secured Property Mortgages As of December 31, 2020, MAALP had $488.7 million In July 2020, MAALP retired $63.6 million of mortgages associated with three apartment communities at maturity and $72.2 million of mortgages associated with four apartment communities prior to their October 2020 maturities. Schedule of Maturities The following table includes scheduled principal repayments of MAALP’s outstanding borrowings as of December 31, 2020, as well as the amortization of the fair market value of debt assumed, debt discounts, premiums and issuance costs (in thousands): Year Maturities Amortization Total 2021 $ 363,578 $ (73 ) $ 363,505 2022 367,000 (856 ) 366,144 2023 362,250 (1,858 ) 360,392 2024 420,000 (2,828 ) 417,172 2025 406,588 (3,570 ) 403,018 Thereafter 2,663,293 (10,812 ) 2,652,481 $ 4,582,709 $ (19,997 ) $ 4,562,712 Guarantees As of December 31, 2020, MAA fully and unconditionally guaranteed $222.0 million of the privately placed unsecured senior notes issued by MAALP. |
Financial Instruments and Deriv
Financial Instruments and Derivatives | 12 Months Ended |
Dec. 31, 2020 | |
Fair Value Disclosures [Abstract] | |
Financial Instruments and Derivatives | 6. Financial Instruments and Derivatives Financial Instruments Not Carried at Fair Value Cash and cash equivalents, restricted cash and accrued expenses and other liabilities are carried at amounts that reasonably approximate their fair value due to their short term nature. Fixed rate notes payable as of December 31, 2020 and 2019 totaled $4.4 billion and $4.1 billion, respectively, and had estimated fair values of $4.9 billion and $4.5 billion (excluding prepayment penalties), respectively. The carrying values of variable rate debt (excluding the effect of interest rate swap agreements) as of December 31, 2020 and 2019 totaled $172.0 million and $370.0 million, respectively, and had estimated fair values of $172.0 million and $370.0 million (excluding prepayment penalties), respectively. The fair values of fixed rate debt are determined by using the present value of future cash outflows discounted with the applicable current market rate plus a credit spread. The fair values of variable rate debt are determined using the stated variable rate plus the current market credit spread. The variable rates reset at various maturities typically less than 30 days, and management concluded these rates reasonably estimate current market rates. Financial Instruments Measured at Fair Value on a Recurring Basis As of December 31, 2020, the Company had one outstanding series of cumulative redeemable preferred stock, which is referred to as the MAA Series I preferred stock (see Note 8). The Company has recognized a derivative asset related to the redemption feature embedded in the MAA Series I preferred stock. The derivative asset is valued using widely accepted valuation techniques, including a discounted cash flow analysis in which the perpetual value of the preferred shares is compared to the value of the preferred shares assuming the call option is exercised, with the value of the bifurcated call option as the difference between the two values. The analysis reflects the contractual terms of the redeemable preferred shares, which are redeemable at the Company’s option beginning on October 1, 2026 and at the redemption price of $50.00 per share. The Company uses various inputs in the analysis, including trading data available on the preferred shares, coupon yields on preferred stock issuances from REITs with similar credit ratings as MAA and treasury rates to determine the fair value of the bifurcated call option. The redemption feature embedded in the MAA Series I preferred stock is reported as a derivative asset in “Other assets” in the accompanying Consolidated Balance Sheets and is adjusted to its fair value at each reporting date, with a corresponding non-cash adjustment to “Other non-operating income” in the accompanying Consolidated Statements of Operations. As a result of adjustments of non-cash income recorded to reflect the change in fair value of the derivative asset during year ended December 31, 2020, the fair value of the embedded derivative asset increased to $39.0 million as of December 31, 2020 as compared to $36.5 million as of December 31, 2019. Periodically, the Company uses interest rate swaps to add stability to interest expense and to manage, or hedge, its exposure to interest rate movements associated with anticipated future debt transactions. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Management incorporates credit valuation adjustments to appropriately reflect both its nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. In adjusting the fair value of the derivative contracts for the effect of nonperformance risk, the Company considers the impact of netting and any applicable credit enhancements, such as collateral postings, thresholds, mutual puts and guarantees. Based on guidance issued by the FASB, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. As of December 31, 2020, the Company did not have any outstanding interest rate swaps designated as cash flow hedges of interest rate risk. The fair value of interest rate swaps designated as hedging instruments recorded in “Other assets” in the accompanying Consolidated Balance Sheets as of December 31, 2019 was $0.1 million. The interest rate swaps designated as hedging instruments and their related gains and losses are reported in “Net change in operating accounts and other operating activities” in the accompanying Consolidated Statements of Cash Flows. The Company has determined the majority of the inputs used to value its outstanding debt and its embedded derivative fall within Level 2 of the fair value hierarchy, and as a result, the fair value valuation of its debt and embedded derivative held as of December 31, 2020 and December 31, 2019 were classified as Level 2 in the fair value hierarchy. Cash Flow Hedges of Interest Rate Risk The changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in “Accumulated other comprehensive loss” and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. As long as a hedging instrument is designated and the results of the effectiveness testing support that the instrument qualifies for hedge accounting treatment, there is no periodic measurement or recognition of ineffectiveness. Rather, the full impact of hedge gains and losses is recognized in the period in which hedged transactions impact earnings, regardless of whether or not economic mismatches exist in the hedging relationship. Amounts reported in “Accumulated other comprehensive loss” related to derivatives designated as qualifying cash flow hedges are reclassified to interest expense as interest payments are made on the Company’s variable rate or fixed rate debt. During the next twelve months, the Company estimates that an additional $1.1 million Tabular Disclosure of the Effect of Derivative Instruments on the Statements of Operations The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2020, 2019 and 2018, respectively (dollars in thousands): Derivatives in Cash Flow Hedging Relationships Loss Recognized in OCI on Derivative Location of (Loss) Gain Reclassified from Accumulated Net (Loss) Gain Reclassified from Accumulated OCL into Interest Expense (1) For the Year ended December 31, 2020 2019 2018 OCL into Income 2020 2019 2018 Interest rate contracts $ — $ (11,676 ) $ (751 ) Interest expense $ (1,088 ) $ 1,747 $ 1,938 (1) Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Gain (Loss) Recognized in Earnings on Derivative For the year ended December 31, Income on Derivative 2020 2019 2018 Preferred stock embedded derivative Other non-operating income $ 2,562 $ 17,886 $ (2,576 ) |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2020 | |
Income Taxes [Abstract] | |
Income Taxes | 7. Income Taxes Due to the structure of MAA as a REIT and the nature of the operations of its operating properties, no provision for federal income taxes has been made at the MAA level. In addition, as MAALP is structured as a limited partnership, and its partners recognize their proportionate share of income or loss in their tax returns, no provision for federal income taxes has been made at the MAALP level. Historically, the Company has incurred certain state and local income, excise and franchise taxes. Taxable REIT Subsidiaries A TRS is an entity that is subject to federal, state and any applicable local corporate income tax without the benefit of the dividends paid deduction applicable to REITs. The Company’s TRS did not generate any material taxable income or income tax expense for the years ended December 31, 2020, 2019 and 2018. The Company’s TRS generally provide the Company with third party services (property management services to a real estate joint venture and other services) for which the Company reimburses its TRS. In addition, one of the Company’s TRS has investments in two limited partnerships that may generate investment income and losses. All intercompany transactions are eliminated in the accompanying consolidated financial statements. For the years ended December 31, 2020, 2019 and 2018, the reconciliation of income tax attributable to continuing operations for the Company’s TRS computed at the U.S. statutory rate to the income tax provision was as follows (in thousands): 2020 2019 2018 Tax expense at U.S. statutory rates on the Company’s TRS income subject to tax $ 763 $ 1,026 $ 115 Valuation allowance — — 127 TRS income tax provision $ 763 $ 1,026 $ 242 Income tax expense primarily relates to the Texas-based margin tax for all Texas apartment communities in addition to the Company’s TRS income tax provision discussed above. Income tax expense for the Company for the years ended December 31, 2020, 2019 and 2018 was $3.3 million, $3.7 million and $2.6 million, respectively, and is presented in “Income tax expense” in the accompanying Consolidated Statements of Operations. The Company’s TRS deferred tax asset and liability balances as of December 31, 2020 and 2019 were immaterial. The TRS had no reserve for uncertain tax positions for the years ended December 31, 2020 and 2019, and management does not believe there will be any material changes in the TRS unrecognized tax positions over the next 12 months. If necessary, the TRS accrues interest and penalties on unrecognized tax benefits as a component of income tax expense. NOL Carryforwards As of December 31, 2020, the Company held federal NOL carryforwards of $62.0 million for income tax purposes that expire in years 2021 to 2032. Utilization of any NOL carryforwards is subject to an annual limitation due to ownership change limitations provided by Section 382 of the Code and similar state provisions. The annual limitations may result in the expiration of NOL carryforwards before utilization. The Company may use these NOLs to offset all or a portion of the taxable income generated at the REIT level. Tax years 2017 through 2020 are subject to examination by the Internal Revenue Service. No tax examination is currently in process. Taxable Composition of Distributions For income tax purposes, dividends paid to holders of common stock generally consist of ordinary income, return of capital, capital gains, qualified dividends and un-recaptured Section 1250 gains, or a combination thereof. For the years ended December 31, 2020, 2019 and 2018, dividends per share held for the entire year were estimated to be taxable as follows: 2020 2019 2018 Amount Percentage Amount Percentage Amount Percentage Ordinary income $ 4.00 99.98 % $ 3.51 91.39 % $ 3.66 99.26 % Capital gain 0.00 0.02 % 0.21 5.54 % 0.02 0.61 % Un-recaptured Section 1250 gain 0.00 0.00 % 0.12 3.07 % 0.01 0.13 % $ 4.00 100 % $ 3.84 100 % $ 3.69 100 % The Company designated the per share amounts above as capital gain dividends in accordance with the requirements of the Code. The difference between net income available to common shareholders for financial reporting purposes and taxable income before dividend deductions relates primarily to temporary differences such as depreciation and amortization and taxable gains on sold properties. |
Shareholders' Equity of MAA
Shareholders' Equity of MAA | 12 Months Ended |
Dec. 31, 2020 | |
Shareholders Equity Of M A A [Abstract] | |
Shareholders' Equity of MAA | 8. Shareholders’ Equity of MAA As of December 31, 2020, 114,373,727 shares of common stock of MAA and 4,057,657 OP Units (excluding the OP Units held by MAA) were issued and outstanding, representing a total of 118,431,384 common shares and units. As of December 31, 2019, 114,246,393 Preferred Stock As of December 31, 2020, MAA had one outstanding series of cumulative redeemable preferred stock which has the following characteristics: Description Outstanding Shares Liquidation Preference (1) Optional Redemption Date Redemption Price (2) Stated Dividend Yield Approximate Dividend Rate Series I 867,846 $ 50.00 10/1/2026 $ 50.00 8.50% $ 4.25 (1) The total liquidation preference for the outstanding preferred stock is $43.4 million. (2) The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash. See Note 6 for details of the valuation of the derivative asset related to the redemption feature embedded in the MAA Series I preferred stock. Direct Stock Purchase and Distribution Reinvestment Plan MAA has a Dividend and Distribution Reinvestment and Share Purchase Plan, or DRSPP, pursuant to which MAA’s common shareholders have the ability to reinvest all or part of their distributions from MAA into shares of MAA’s common stock and holders of Class A OP Units have the ability to reinvest all or part of their distributions from the Operating Partnership into MAA’s common stock. The DRSPP also provides the opportunity to make optional cash investments in MAA’s common stock of at least $250, but not more than $5,000 in any given month, free of brokerage commissions and charges. MAA, in its absolute discretion, may grant waivers to allow for optional cash payments in excess of $5,000. To fulfill its obligations under the DRSPP, MAA may either issue additional shares of common stock or repurchase common stock in the open market. MAA currently has registered with the SEC the offer and sale of up to 1,940,500 shares of common stock pursuant to the DRSPP. MAA may elect to sell shares under the DRSPP at up to a 5% discount. Shares of MAA’s common stock totaling 8,259 in 2020, 16,219 in 2019, and 9,721 in 2018 were acquired by participants under the DRSPP. MAA did not offer a discount for optional cash purchases in 2020, 2019 or 2018. At-the-Market Share Offering Program The Company has entered into separate distribution agreements with each of J.P. Morgan Securities LLC, BMO Capital Markets Corp. and KeyBanc Capital Markets Inc. to establish an at-the-market share offering program, or ATM program, allowing MAA to sell shares of its common stock from time to time into the existing market at current market prices or through negotiated transactions. Under the ATM program, MAA has the authority to issue up to an aggregate of 4.0 million shares of its common stock, at such times to be determined by MAA. The ATM program currently has a maturity of September 2021. MAA has no obligation to issue shares through the ATM program. During the years ended December 31, 2020 and 2018, MAA did not sell any shares of common stock under its ATM program. During the year ended December 31, 2019, MAA sold 146,301 shares of common stock for net proceeds of $19.6 million through its ATM program. As of December 31, 2020, 3.9 million shares remained issuable under the ATM program . |
Partners' Capital of MAALP
Partners' Capital of MAALP | 12 Months Ended |
Dec. 31, 2020 | |
Partners Capital Notes [Abstract] | |
Partners' Capital of MAALP | 9. Partners’ Capital of MAALP Common units of limited partnership interests in MAALP are represented by OP Units. As of December 31, 2020, there were 118,431,384 OP Units outstanding, 114,373,727, or 96.6%, of which represent Class B OP Units (common units issued to or held by MAALP’s general partner or any of its subsidiaries), which were owned by MAA, MAALP’s general partner. The remaining 4,057,657 OP Units were Class A OP Units owned by Class A limited partners. As of December 31, 2019, there were 118,313,567 OP Units outstanding, 114,246,393, or 96.6%, of which were owned by MAA and 4,067,174 of which were owned by the Class A limited partners. MAA, as the sole general partner of MAALP, has full, complete and exclusive discretion to manage and control the business of MAALP subject to the restrictions specifically contained within MAALP’s agreement of limited partnership, or the Partnership Agreement. Unless otherwise stated in the Partnership Agreement, this power includes, but is not limited to, acquiring, leasing or disposing of any real property; constructing buildings and making other improvements to properties owned; borrowing money, modifying or extinguishing current borrowings, issuing evidence of indebtedness and securing such indebtedness by mortgage, deed of trust, pledge or other lien on MAALP’s assets; and distribution of MAALP’s cash or other assets in accordance with the Partnership Agreement. MAA can generally, at its sole discretion, issue and redeem OP Units and determine the consideration to be received or the redemption price to be paid, as applicable. The general partner may delegate these and other powers granted if the general partner remains in supervision of the designee. Under the Partnership Agreement, MAALP may issue Class A OP Units and Class B OP Units. Class A OP Units are any OP Units other than Class B OP Units, while Class B OP Units are those issued to or held by MAALP’s general partner or any of its subsidiaries. In general, the limited partners do not have the power to participate in the management or control of MAALP’s business except in limited circumstances, including changes in the general partner and protective rights if the general partner acts outside of the provisions provided in the Partnership Agreement. The transferability of Class A OP Units is also limited by the Partnership Agreement. Net income of MAALP (after allocations to preferred ownership interests) is allocated to the general partner and limited partners based on their respective ownership percentages of MAALP. Issuance or redemption of additional Class A OP Units or Class B OP Units changes the relative ownership percentage of the partners. The issuance of Class B OP Units generally occurs when MAA issues common stock and the proceeds from that issuance are contributed to MAALP in exchange for the issuance to MAA of a number of OP Units equal to the number of shares of common stock issued. Likewise, if MAA repurchases or redeems outstanding shares of common stock, MAALP generally redeems an equal number of Class B OP Units with similar terms held by MAA for a redemption price equal to the purchase price of those shares of common stock. At each reporting period, the allocation between general partner capital and limited partner capital is adjusted to account for the change in the respective percentage ownership of the underlying capital of MAALP. Holders of the Class A OP Units may require MAA to redeem their Class A OP Units, in which case MAA may, at its option, pay the redemption price either in cash (in an amount per Class A OP Unit equal, in general, to the average closing price of MAA’s common stock on the NYSE over a specified period prior to the redemption date) or by delivering one share of MAA common stock (subject to adjustment under specified circumstances) for each Class A OP Unit so redeemed. As of December 31, 2020, a total of 4,057,657 Class A OP Units were outstanding and redeemable for 4,057,657 shares of MAA common stock, with an approximate value of $514.1 million, based on the closing price of MAA’s common stock on December 31, 2020 of $126.69 per share. As of December 31, 2019, a total of 4,067,174 Class A OP Units were outstanding and redeemable for 4,067,174 shares of MAA common stock, with an approximate value of $536.3 million, based on the closing price of MAA’s common stock on December 31, 2019 of $131.86 per share. MAALP pays the same per unit distributions in respect to the OP Units as the per share dividends MAA pays in respect to its common stock. As of December 31, 2020, MAALP had one outstanding series of cumulative redeemable preferred units, or the MAALP Series I preferred units. The MAALP Series I preferred units have the same characteristics as the MAA Series I preferred stock described in Note 8. As of December 31, 2020, 867,846 units of the MAALP Series I preferred units were outstanding. See Note 6 for details of the valuation of the derivative asset related to the redemption feature embedded in the MAALP Series I preferred units. |
Employee Benefit Plans
Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2020 | |
Employee Benefit Plans [Abstract] | |
EMPLOYEE BENEFIT PLANS | 10. Employee Benefit Plans The following provides details of the employee benefit plans not previously discussed in Note 4. 401(k) Savings Plans MAA’s 401(k) Savings Plan, or 401(k) Plan, is a defined contribution plan that satisfies the requirements of Section 401(a) and 401(k) of the Code. MAA’s Board of Directors has the discretion to approve matching contributions to the 401(k) Plan. MAA recognized expense from the 401(k) Plan of $3.9 million, $3.5 million and $3.2 million, for the years ended December 31, 2020, 2019 and 2018, respectively. Non-Qualified Executive Deferred Compensation Retirement Plan MAA has adopted the MAA Non-Qualified Executive Deferred Compensation Retirement Plan Amended and Restated effective January 1, 2016, or the Deferred Compensation Plan, for certain executive employees. Under the terms of the Deferred Compensation Plan, employees may elect to defer a percentage of their compensation and bonus, and MAA may, but is not obligated to, match a portion of the employees’ salary deferral. MAA recognized expense on its match to the Deferred Compensation Plan for the years ended December 31, 2020, 2019 and 2018 of $0.4 million, $0.3 million and $0.3 million, respectively. Non-Qualified Deferred Compensation Plan for Outside Company Directors MAA has adopted the Non-Qualified Deferred Compensation Plan for Outside Company Directors as Amended effective November 30, 2010, or the Directors Deferred Compensation Plan, which allows non-employee directors to defer their director fees by having the fees held by MAA as shares of MAA’s common stock. Directors can also choose to have their annual restricted stock grants issued into the Directors Deferred Compensation Plan. Amounts deferred through the Directors Deferred Compensation Plan are distributed to the directors in two annual installments beginning in the first 90 days of the year following the director’s departure from the board. Participating directors may choose to have the amount issued to them in shares of MAA ’ s common stock or paid to them as cash at the market value of MAA ’ s common stock as of the end of the year the director ceases to serve on the board. For the years ended December 31, 2020, 2019 and 2018, directors deferred 10,593 shares, 10,738 shares and 12,240 shares of common stock, respectively, with weighted-average grant date fair values of $111.19, $117.73 and $92.63, respectively, into the Directors Deferred Compensation Plan. The shares of common stock held in the Directors Deferred Compensation Plan are classified outside of permanent equity in redeemable stock with changes in redemption amount recorded immediately to retained earnings because the directors have redemption rights not solely within the control of MAA. Additionally, any shares that become mandatorily redeemable because a departed director has elected to receive a cash payout are recorded as a liability. MAA did not record a liability related to mandatorily redeemable shares for the years ended December 31, 2020, 2019 and 2018. Employee Stock Ownership Plan MAA’s Employee Stock Ownership Plan, or ESOP, is a non-contributory stock bonus plan that satisfies the requirements of Section 401(a) of the Code. On December 31, 2010, the ESOP was frozen by amendment, whereby effective January 1, 2011, no additional employees became eligible for the plan, no additional contributions were made to the ESOP, and all participants with an account balance under the ESOP became 100% vested. The Company did not contribute to the ESOP during 2020, 2019 or 2018. As of December 31, 2020, there were 130,664 shares outstanding with a fair value of $16.6 million. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2020 | |
Loss Contingency [Abstract] | |
Commitments and Contingencies | 11. Commitments and Contingencies Leases The Company’s leases include a ground lease expiring in 2074 related to one of its apartment communities and an office lease expiring in 2028 related to its corporate headquarters. Both leases contain stated rent increases that generally compensate for the impact of inflation. The Company also has other commitments related to immaterial office and equipment operating leases. The table below reconciles undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease obligations recorded on the Consolidated Balance Sheets as of December 31, 2020 (in thousands): Operating Leases 2021 $ 2,863 2022 2,894 2023 2,885 2024 2,862 2025 2,872 Thereafter 62,913 Total minimum lease payments 77,289 Net present value adjustments (45,549 ) Operating lease obligations $ 31,740 Legal Proceedings In June 2016, plaintiffs Cathi Cleven and Tara Cleven, on behalf of a purported class of plaintiffs, filed a complaint against MAA and the Operating Partnership in the United States District Court for the Western District of Texas, Austin Division. In January 2017, Areli Arellano and Joe L. Martinez joined the lawsuit as additional plaintiffs. The lawsuit alleges that the Company (but not Post Properties (see the description of the Brown class action lawsuit below)) charged late fees at its Texas properties that violate Section 92.019 of the Texas Property Code, or Section 92.019, which provides that a landlord may not charge a tenant a late fee for failing to pay rent unless, among other things, the fee is a reasonable estimate of uncertain damages to the landlord that are incapable of precise calculation and result from the late payment of rent. The plaintiffs are seeking monetary damages and attorneys’ fees and costs. In September 2018, the District Court certified a class proposed by the plaintiffs. Additionally, in September 2018, the District Court denied the Company’s motion for summary judgment and granted the plaintiffs’ motion for partial summary judgment. Because the District Court certified a class prior to granting the plaintiffs’ motion for partial summary judgment, the District Court’s ruling applies to the entire class. In October 2018, the Fifth Circuit Court of Appeals accepted the Company’s petition to review the District Court’s order granting class certification. In September 2019, the Fifth Circuit Court of Appeals heard the Company’s oral arguments. In April 2017, plaintiff Nathaniel Brown, on behalf of a purported class of plaintiffs, filed a complaint against the Operating Partnership, as the successor by merger to Post Properties ’ primary operating partnership, and MAA in the United States District Court for the Western District of Texas, Austin Division. The lawsuit alleges that Post Properties (and, following the Post Properties merger in December 2016, the Operating Partnership) charged late fees at its Texas properties that violate Section 92.019. The plaintiffs are seeking monetary damages and attorney ’ s fees and costs. In September 2018, the District Court certified a class proposed by the plaintiff. Additionally, in September 2018, the District Court denied the Company’s motion for summary judgment and granted the plaintiff’s motion for partial summary judgment. Because the District Court certified a class prior to granting the plaintiff’s motion for partial summary judgment, the District Court’s ruling applies to the entire class. In October 2018, the Fifth Circuit Court of Appeals accepted the Company ’ s petition to review the District Court ’ s order granting class certification. In September 2019, the Fifth Circuit Court of Appeals heard the Company’s oral arguments. The Company also intends to appeal the District Court’s order granting plaintiff’s motion for summary judgment to the Fifth Circuit Court of Appeals if permission to appeal is granted. The Company will continue to vigorously defend the action and pursue such appeals. Management estimates that the Company ’ s maximum exposure in the lawsuit, given the class certification and summary judgment ruling, is $8.4 million , which includes both potential damages and attorneys ’ fees but excludes any prejudgment interest that may be awarded. The Company is subject to various other legal proceedings and claims that arise in the ordinary course of its business operations. Matters which arise out of allegations of bodily injury, property damage and employment practices are generally covered by insurance. While the resolution of these other matters cannot be predicted with certainty, management does not currently believe that such matters, either individually or in the aggregate, will have a material adverse effect on the Company’s financial condition, results of operations or cash flows in the event of a negative outcome. Loss Contingencies The outcomes of claims, disputes and legal proceedings are subject to significant uncertainty. The Company records an accrual for loss contingencies when a loss is probable and the amount of the loss can be reasonably estimated. The Company also accrues an estimate of defense costs expected to be incurred in connection with legal matters. Management reviews these accruals quarterly and makes revisions based on changes in facts and circumstances. When a loss contingency is not both probable and reasonably estimable, management does not accrue the loss. However, if the loss (or an additional loss in excess of the accrual) is at least a reasonable possibility and material, then management discloses a reasonable estimate of the possible loss, or range of loss, if such reasonable estimate can be made. If the Company cannot make a reasonable estimate of the possible loss, or range of loss, then a statement to that effect is disclosed. The assessment of whether a loss is probable or a reasonable possibility, and whether the loss or range of loss is reasonably estimable, often involves a series of complex judgments about future events. Among the factors considered in this assessment, are the nature of existing legal proceedings and claims, the asserted or possible damages or loss contingency (if reasonably estimable), the progress of the matter, existing law and precedent, the opinions or views of legal counsel and other advisers, management’s experience in similar matters, the facts available to management at the time of assessment, and how the Company intends to respond, or has responded, to the proceeding or claim. Management’s assessment of these factors may change over time as individual proceedings or claims progress. For matters where management is not currently able to reasonably estimate a range of reasonably possible loss, the factors that have contributed to this determination include the following: (i) the damages sought are indeterminate; (ii) the proceedings are in the early stages; (iii) the matters involve novel or unsettled legal theories or a large or uncertain number of actual or potential cases or parties; and/or (iv) discussions with the parties in matters that are ultimately expected to be resolved through negotiation and settlement have not reached the point where management believes a reasonable estimate of loss, or range of loss, can be made. The Company believes that there is considerable uncertainty regarding the timing or ultimate resolution of such matters, including a possible eventual loss or business impact, if any. As of December 31, 2020 and 2019, the Company’s accrual for loss contingencies relating to unresolved legal matters was $5.3 million and $8.6 million in the aggregate, respectively. The loss contingencies are presented in “Accrued expenses and other liabilities” in the accompanying Consolidated Balance Sheets. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2020 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 12. Related Party Transactions The Company holds investments in unconsolidated affiliates accounted for under the equity method of accounting. All significant intercompany transactions were eliminated in the accompanying consolidated financial statements. The cash management of the Company is managed by the Operating Partnership. In general, cash receipts are remitted to the Operating Partnership and all cash disbursements are funded by the Operating Partnership. As a result of these transactions, the Operating Partnership had a payable to MAA, its general partner, of $19,000 as of December 31, 2020 and 2019, respectively. The Partnership Agreement does not require the due to/due from balance to be settled in cash until liquidation of the Operating Partnership, and therefore, there is no regular settlement schedule for such amounts. |
Segment Information
Segment Information | 12 Months Ended |
Dec. 31, 2020 | |
Notes To Financial Statements [Abstract] | |
Segment Information | 13. Segment Information As of December 31, 2020, the Company owned and operated 299 multifamily apartment communities in 16 different states from which it derived all significant sources of earnings and operating cash flows. The Company views each consolidated apartment community as an operating segment. The Company’s chief operating decision maker, which is the Company’s Chief Executive Officer, evaluates performance and determines resource allocations of each of the apartment communities on a Same Store and Non-Same Store and Other basis, as well as an individual apartment community basis. This is consistent with the aggregation criteria under GAAP as each of the apartment communities generally has similar economic characteristics, facilities, services, and tenants. The following reflects the two reportable segments for the Company: • Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months. • Non-Same Store and Other includes recently acquired communities, communities in development or lease-up, communities that have been identified for disposition, communities that have incurred a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Also included in Non-Same Store and Other are non-multifamily activities. On the first day of each calendar year, the Company determines the composition of its Same Store and Non-Same Store and Other reportable segments for that year as well as adjusts the previous year, which allows the Company to evaluate full period-over-period operating comparisons. Communities previously in development or lease-up are added to the Same Store portfolio on the first day of the calendar year after the community has been owned and stabilized for at least a full 12 months. Communities are considered stabilized after achieving 90% occupancy for 90 days. Communities that have been identified for disposition are excluded from the Same Store portfolio. The chief operating decision maker utilizes net operating income, or NOI, in evaluating the performance of its operating segments. Total NOI represents total property revenues less total property operating expenses, excluding depreciation and amortization, for all properties held during the period regardless of their status as held for sale. Management believes that NOI is a helpful tool in evaluating the operating performance of the segments because it measures the core operations of property performance by excluding corporate level expenses and other items not directly related to property operating performance. Revenues and NOI for each reportable segment for the years ended December 31, 2020, 2019 and 2018 Revenues 2020 2019 2018 Same Store: Rental revenues $ 1,566,079 $ 1,526,101 $ 1,364,744 Reimbursable property revenues — — 91,020 Other property revenues 11,372 12,174 11,696 Total Same Store revenues 1,577,451 1,538,275 1,467,460 Non-Same Store and Other: Rental revenues 100,134 101,503 99,281 Reimbursable property revenues — — 3,744 Other property revenues 399 1,239 861 Total Non-Same Store and Other revenues 100,533 102,742 103,886 Total rental and other property revenues $ 1,677,984 $ 1,641,017 $ 1,571,346 Net Operating Income Same Store NOI $ 979,330 $ 968,190 $ 921,240 Non-Same Store and Other NOI 58,183 59,982 55,518 Total NOI 1,037,513 1,028,172 976,758 Depreciation and amortization (510,842 ) (496,843 ) (489,759 ) Property management expenses (52,300 ) (55,011 ) (47,633 ) General and administrative expenses (46,858 ) (43,845 ) (38,855 ) Merger and integration expenses — — (9,112 ) Interest expense (167,562 ) (179,847 ) (173,594 ) Gain (loss) on sale of depreciable real estate assets 9 80,988 (39 ) Gain on sale of non-depreciable real estate assets 1,024 12,047 4,532 Other non-operating income 4,857 22,999 9,503 Income tax expense (3,327 ) (3,696 ) (2,611 ) Income from real estate joint venture 1,501 1,654 1,832 Net income attributable to noncontrolling interests (9,053 ) (12,807 ) (8,123 ) Dividends to MAA Series I preferred shareholders (3,688 ) (3,688 ) (3,688 ) Net income available for MAA common shareholders $ 251,274 $ 350,123 $ 219,211 Assets for each reportable segment as of December 31, 2020 and 2019 were as follows (in thousands): Assets December 31, 2020 December 31, 2019 Same Store $ 9,714,024 $ 9,975,880 Non-Same Store and Other 1,299,862 1,049,029 Corporate assets 180,905 205,541 Total assets $ 11,194,791 $ 11,230,450 |
Real Estate Acquisitions and Di
Real Estate Acquisitions and Dispositions | 12 Months Ended |
Dec. 31, 2020 | |
Real Estate [Abstract] | |
Real Estate Acquisitions and Dispositions | 14. Real Estate Acquisitions and Dispositions The following table reflects the Company’s acquisition activity for the year ended December 31, 2020: Land Acquisitions Market Acres Date Acquired MAA Windmill Hill Austin, TX 22 January 2020 MAA Central Park Denver, CO 27 November 2020 Novel Val Vista (1) Phoenix, AZ 13 December 2020 (1) The following table reflects the Company’s disposition activity for the year ended December 31, 2020: Land Disposition Market Units Date Sold Colonial Promenade Huntsville, AL 27 September 2020 |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2020 | |
Subsequent Events [Abstract] | |
Subsequent Events | 15. Financing On February 10, 2021, MAALP retired a $118.6 million mortgage associated with eight apartment communities prior to its maturity. |
Schedule III Real Estate and Ac
Schedule III Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2020 | |
Real Estate And Accumulated Depreciation Disclosure [Abstract] | |
Schedule III Real Estate and Accumulated Depreciation | Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amount carried as of December 31, 2020 Property Location Encumbrances Land Buildings and Fixtures Land Buildings and Fixtures Land Buildings and Fixtures Total (4) Accumulated Depreciation (5) Net Date of Construction Date Acquired Birchall at Ross Bridge Birmingham, AL — $ 2,640 $ 28,842 $ — $ 2,720 $ 2,640 $ 31,562 $ 34,202 $ (10,147 ) $ 24,055 2009 2011 Colonial Grand at Riverchase Trails Birmingham, AL — 3,761 22,079 — 5,591 3,761 27,670 31,431 (9,480 ) 21,951 2010 2013 Colonial Village at Trussville Birmingham, AL — 3,402 31,813 — 3,871 3,402 35,684 39,086 (11,493 ) 27,593 1996/97 2013 Eagle Ridge Birmingham, AL — 851 7,667 — 4,473 851 12,140 12,991 (8,352 ) 4,639 1986 1998 Colonial Grand at Traditions Gulf Shores, AL — 3,211 25,162 — 3,734 3,211 28,896 32,107 (9,766 ) 22,341 2007 2013 Colonial Grand at Edgewater Huntsville, AL — 4,943 38,673 — 7,646 4,943 46,319 51,262 (13,207 ) 38,055 1990 2013 Paddock Club at Providence Huntsville, AL — 909 10,152 830 14,419 1,739 24,571 26,310 (15,550 ) 10,760 1993 1997 Colonial Grand at Madison Madison, AL — 3,601 28,934 — 2,107 3,601 31,041 34,642 (10,251 ) 24,391 2000 2013 Cypress Village Orange Beach, AL — 1,290 12,238 — 2,436 1,290 14,674 15,964 (4,390 ) 11,574 2008 2013 Colonial Grand at Liberty Park Vestavia Hills, AL — 3,922 30,977 — 7,021 3,922 37,998 41,920 (12,569 ) 29,351 2000 2013 Sky View Ranch Gilbert, AZ — 2,668 14,577 — 2,947 2,668 17,524 20,192 (7,180 ) 13,012 2007 2009 Colonial Grand at Inverness Commons Mesa, AZ — 4,219 26,255 — 3,412 4,219 29,667 33,886 (8,961 ) 24,925 2002 2013 Edge at Lyon's Gate Phoenix, AZ — 7,901 27,182 — 3,049 7,901 30,231 38,132 (13,033 ) 25,099 2007 2008 Residences at Fountainhead Phoenix, AZ — (3) 12,212 56,705 — 2,049 12,212 58,754 70,966 (8,281 ) 62,685 2015 2016 Talus Ranch Phoenix, AZ — 12,741 47,701 — 5,123 12,741 52,824 65,565 (24,977 ) 40,588 2005 2006 Colonial Grand at OldTown Scottsdale Scottsdale, AZ — 7,820 51,627 — 5,764 7,820 57,391 65,211 (17,704 ) 47,507 1994/95 2013 Colonial Grand at Scottsdale Scottsdale, AZ — 3,612 20,273 — 2,724 3,612 22,997 26,609 (7,312 ) 19,297 1999 2013 SkySong Scottsdale, AZ — — 55,748 — 2,885 — 58,633 58,633 (8,802 ) 49,831 2014 2015 Post River North Denver, CO — 14,500 28,900 — 40,624 14,500 69,524 84,024 (7,424 ) 76,600 2018 2016 Sync 36 I Denver, CO — 18,887 81,317 134 5,284 19,021 86,601 105,622 (6,805 ) 98,817 2017 2018 Sync 36 II Denver, CO — 5,090 — — 16,828 5,090 16,828 21,918 (1,145 ) 20,773 2019 2018 Tiffany Oaks Altamonte Springs, FL — 1,024 9,219 — 5,444 1,024 14,663 15,687 (10,831 ) 4,856 1985 1996 Colonial Grand at Lakewood Ranch Bradenton, FL — 2,980 40,230 — 5,362 2,980 45,592 48,572 (13,905 ) 34,667 1999 2013 Indigo Point Brandon, FL — 1,167 10,500 — 3,905 1,167 14,405 15,572 (9,584 ) 5,988 1989 2000 Paddock Club Brandon Brandon, FL — 2,896 26,111 — 6,939 2,896 33,050 35,946 (22,893 ) 13,053 1998 1997 The Preserve at Coral Square Coral Springs, FL — 9,600 40,004 — 13,362 9,600 53,366 62,966 (28,019 ) 34,947 1996 2004 Paddock Club Gainesville Gainesville, FL — 1,800 15,879 — 4,906 1,800 20,785 22,585 (11,415 ) 11,170 1999 1998 The Retreat at Magnolia Parke Gainesville, FL — 2,040 16,338 — 1,358 2,040 17,696 19,736 (5,871 ) 13,865 2009 2011 Colonial Grand at Heathrow Heathrow, FL — 4,101 35,684 — 4,475 4,101 40,159 44,260 (12,877 ) 31,383 1997 2013 220 Riverside Jacksonville, FL — 2,381 35,514 — 8,337 2,381 43,851 46,232 (5,915 ) 40,317 2015 2012 Atlantic Crossing Jacksonville, FL — 4,000 19,495 — 2,368 4,000 21,863 25,863 (7,382 ) 18,481 2008 2011 Cooper's Hawk Jacksonville, FL — 854 7,500 — 3,742 854 11,242 12,096 (8,695 ) 3,401 1987 1995 Hunter's Ridge at Deerwood Jacksonville, FL — 1,533 13,835 — 5,249 1,533 19,084 20,617 (13,650 ) 6,967 1987 1997 Lakeside Jacksonville, FL — 1,430 12,883 — 8,284 1,430 21,167 22,597 (15,608 ) 6,989 1985 1996 Lighthouse at Fleming Island Jacksonville, FL — 4,047 35,052 — 5,114 4,047 40,166 44,213 (23,102 ) 21,111 2003 2003 Paddock Club Mandarin Jacksonville, FL — 1,411 14,967 — 3,288 1,411 18,255 19,666 (10,246 ) 9,420 1998 1998 St. Augustine Jacksonville, FL — 2,857 6,475 — 18,575 2,857 25,050 27,907 (12,664 ) 15,243 1987/ 2008 1995 Tattersall at Tapestry Park Jacksonville, FL — 6,417 36,069 — 1,957 6,417 38,026 44,443 (12,286 ) 32,157 2009 2011 Woodhollow Jacksonville, FL — 1,686 15,179 (8 ) 9,218 1,678 24,397 26,075 (18,279 ) 7,796 1986 1997 Colonial Grand at Lake Mary Lake Mary, FL — (1) 6,346 41,539 — 24,883 6,346 66,422 72,768 (16,359 ) 56,409 2012 2013 Colonial Grand at Town Park Lake Mary, FL — 5,742 56,562 — 6,304 5,742 62,866 68,608 (20,707 ) 47,901 2005 2013 Colonial Grand at Town Park Reserve Lake Mary, FL — 3,481 10,311 — 510 3,481 10,821 14,302 (3,642 ) 10,660 2004 2013 Colonial Grand at Heather Glen Orlando, FL — 4,662 56,988 — 7,365 4,662 64,353 69,015 (19,815 ) 49,200 2000 2013 Colonial Grand at Randal Lakes Orlando, FL — 5,659 50,553 — 11,424 5,659 61,977 67,636 (10,951 ) 56,685 2013 2013 Colonial Grand at Randal Lakes II Orlando, FL — 3,200 — — 36,931 3,200 36,931 40,131 (3,784 ) 36,347 2013 2013 Post Lake at Baldwin Park Orlando, FL — 18,101 144,200 — 4,101 18,101 148,301 166,402 (24,572 ) 141,830 2011 2016 Post Lakeside Orlando, FL — 7,046 52,585 — 938 7,046 53,523 60,569 (8,100 ) 52,469 2013 2016 Post Parkside Orlando, FL — 5,669 49,754 — 5,299 5,669 55,053 60,722 (9,093 ) 51,629 1999 2016 Retreat at Lake Nona Orlando, FL — 7,880 41,175 — 6,266 7,880 47,441 55,321 (14,170 ) 41,151 2006 2012 Park Crest at Innisbrook Palm Harbor, FL — 6,900 26,613 — 3,812 6,900 30,425 37,325 (12,866 ) 24,459 2000 2009 The Club at Panama Beach Panama City, FL — 898 14,276 (5 ) 4,626 893 18,902 19,795 (11,057 ) 8,738 2000 1998 Colonial Village at Twin Lakes Sanford, FL — 3,091 47,793 — 3,062 3,091 50,855 53,946 (15,922 ) 38,024 2005 2013 Paddock Club Tallahassee Tallahassee, FL — 530 4,805 950 14,466 1,480 19,271 20,751 (13,992 ) 6,759 1992 1997 Verandas at Southwood Tallahassee, FL — 3,600 25,914 — 1,685 3,600 27,599 31,199 (6,423 ) 24,776 2003 2011 Belmere Tampa, FL — 852 7,667 — 6,809 852 14,476 15,328 (10,529 ) 4,799 1984 1994 Colonial Grand at Hampton Preserve Tampa, FL — 6,233 69,535 — 2,571 6,233 72,106 78,339 (20,819 ) 57,520 2012 2013 Links at Carrollwood Tampa, FL — 817 7,355 110 5,840 927 13,195 14,122 (9,206 ) 4,916 1980 1998 Post Bay at Rocky Point Tampa, FL — 4,541 28,381 — 1,989 4,541 30,370 34,911 (4,993 ) 29,918 1997 2016 Post Harbour Place Tampa, FL — 16,296 116,193 — 11,137 16,296 127,330 143,626 (21,840 ) 121,786 1997 2016 Post Hyde Park Tampa, FL — 16,891 95,259 — 7,030 16,891 102,289 119,180 (17,523 ) 101,657 1994 2016 Post Rocky Point Tampa, FL — 35,260 153,102 — 13,405 35,260 166,507 201,767 (27,806 ) 173,961 1994-1996 2016 Post Soho Square Tampa, FL — (3) 5,190 56,296 — 898 5,190 57,194 62,384 (8,535 ) 53,849 2012 2016 Village Oaks Tampa, FL — 2,738 19,055 153 2,913 2,891 21,968 24,859 (9,218 ) 15,641 2005 2008 Colonial Grand at Seven Oaks Wesley Chapel, FL — 3,051 42,768 — 3,249 3,051 46,017 49,068 (13,919 ) 35,149 2004 2013 Colonial Grand at Windermere Windermere, FL — (3) 2,711 36,710 — 1,770 2,711 38,480 41,191 (11,101 ) 30,090 2009 2013 MAA Briarcliff Atlanta, GA — 24,645 114,921 — 4,766 24,645 119,687 144,332 (19,281 ) 125,051 1996 2016 MAA Brookhaven Atlanta, GA — 29,048 106,463 — 9,330 29,048 115,793 144,841 (20,071 ) 124,770 1989/92 2016 MAA Brookwood Atlanta, GA — (1) 11,168 52,758 — 5,780 11,168 58,538 69,706 (17,638 ) 52,068 2008 2012 Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amount carried as of December 31, 2020 Property Location Encumbrances Land Buildings and Fixtures Land Buildings and Fixtures Land Buildings and Fixtures Total (4) Accumulated Depreciation (5) Net Date of Construction Date Acquired MAA Buckhead Atlanta, GA — 8,633 19,844 — 9,934 8,633 29,778 38,411 (9,589 ) 28,822 2002 2012 MAA Centennial Park Atlanta, GA — 13,650 10,950 — 61,842 13,650 72,792 86,442 (5,984 ) 80,458 2018 2016 MAA Chastain Atlanta, GA — 30,223 82,964 — 3,326 30,223 86,290 116,513 (13,710 ) 102,803 1990 2016 MAA Dunwoody Atlanta, GA — 15,799 48,054 — 3,975 15,799 52,029 67,828 (8,616 ) 59,212 1995 2016 MAA Gardens Atlanta, GA — 17,907 56,093 — 4,467 17,907 60,560 78,467 (10,531 ) 67,936 1996 2016 MAA Glen Atlanta, GA — 13,878 51,079 — 5,291 13,878 56,370 70,248 (9,299 ) 60,949 1996 2016 MAA Lenox Atlanta, GA — 15,440 73,278 — 3,777 15,440 77,055 92,495 (10,120 ) 82,375 2006 2016 MAA Lenox II Atlanta, GA — 8,435 92,294 — 625 8,435 92,919 101,354 (20,112 ) 81,242 2015 2016 MAA Midtown Atlanta, GA — 7,000 44,000 — 41,102 7,000 85,102 92,102 (7,958 ) 84,144 2017 2016 MAA Oglethorpe Atlanta, GA — 6,875 31,441 (19 ) 7,880 6,856 39,321 46,177 (15,280 ) 30,897 1994 2008 MAA Peachtree Hills Atlanta, GA — 11,974 55,264 — 1,258 11,974 56,522 68,496 (8,689 ) 59,807 1992-1994/2009 2016 MAA Piedmont Park Atlanta, GA — 11,025 34,277 — 2,288 11,025 36,565 47,590 (5,599 ) 41,991 1999 2016 MAA Riverside Atlanta, GA — 23,765 89,369 — 8,746 23,765 98,115 121,880 (17,720 ) 104,160 1996 2016 MAA Spring Atlanta, GA — 18,596 57,819 — 5,723 18,596 63,542 82,138 (11,169 ) 70,969 1999 2016 MAA Stratford Atlanta, GA — — 30,051 — 5,222 — 35,273 35,273 (5,938 ) 29,335 1999 2016 MAA Berkeley Lake Duluth, GA — 1,960 15,707 — 2,714 1,960 18,421 20,381 (6,854 ) 13,527 1998 2013 MAA McDaniel Farm Duluth, GA — 3,985 32,206 — 5,215 3,985 37,421 41,406 (13,550 ) 27,856 1997 2013 MAA Pleasant Hill Duluth, GA — 6,753 32,202 — 6,576 6,753 38,778 45,531 (13,125 ) 32,406 1996 2013 MAA Prescott Duluth, GA — (2) 3,840 24,011 — 5,082 3,840 29,093 32,933 (15,852 ) 17,081 2001 2004 MAA River Oaks Duluth, GA — 4,360 13,579 (11 ) 3,249 4,349 16,828 21,177 (7,345 ) 13,832 1992 2013 MAA River Place Duluth, GA — 2,059 19,158 — 3,563 2,059 22,721 24,780 (8,010 ) 16,770 1994 2013 MAA Mount Vernon Dunwoody, GA — 6,861 23,748 — 4,124 6,861 27,872 34,733 (8,736 ) 25,997 1997 2013 MAA Lake Lanier Gainesville, GA — (2) 6,710 40,994 — 9,576 6,710 50,570 57,280 (27,073 ) 30,207 1998/ 2001 2005 MAA Shiloh Kennesaw, GA — 4,864 45,893 — 6,089 4,864 51,982 56,846 (17,065 ) 39,781 2002 2013 MAA Milstead LaGrange, GA — 3,100 29,240 — 2,899 3,100 32,139 35,239 (9,082 ) 26,157 1998 2008 MAA Barrett Creek Marietta, GA — 5,661 26,186 — 3,564 5,661 29,750 35,411 (11,162 ) 24,249 1999 2013 Colonial Grand at Godley Lake Pooler, GA — 1,750 30,893 — 2,021 1,750 32,914 34,664 (10,184 ) 24,480 2008 2013 Colonial Grand at Godley Station Pooler, GA 6,588 1,800 35,454 — 4,172 1,800 39,626 41,426 (12,117 ) 29,309 2001 2013 Avala at Savannah Quarters Savannah, GA — 1,500 24,862 — 2,323 1,500 27,185 28,685 (8,982 ) 19,703 2009 2011 Colonial Grand at Hammocks Savannah, GA — 2,441 36,863 — 5,452 2,441 42,315 44,756 (13,065 ) 31,691 1997 2013 Colonial Village at Greentree Savannah, GA — 1,710 10,494 — 2,363 1,710 12,857 14,567 (4,769 ) 9,798 1984 2013 Colonial Village at Huntington Savannah, GA — 2,521 8,223 — 1,913 2,521 10,136 12,657 (3,378 ) 9,279 1986 2013 Colonial Village at Marsh Cove Savannah, GA — 5,231 8,555 — 2,095 5,231 10,650 15,881 (4,016 ) 11,865 1983 2013 Georgetown Grove Savannah, GA — 1,288 11,579 — 3,597 1,288 15,176 16,464 (10,950 ) 5,514 1997 1998 Oaks at Wilmington Island Savannah, GA — 2,910 25,315 (46 ) 5,272 2,864 30,587 33,451 (14,649 ) 18,802 1999 2006 MAA West Village Smyrna, GA — 14,410 73,733 — 9,330 14,410 83,063 97,473 (18,741 ) 78,732 2006/12 2014 Ranch at Prairie Trace Overland Park, KS — 3,500 40,614 — 2,048 3,500 42,662 46,162 (6,292 ) 39,870 2015 2015 Grand Reserve at Pinnacle Lexington, KY — 2,024 31,525 — 6,720 2,024 38,245 40,269 (20,846 ) 19,423 2000 1998 Lakepointe Lexington, KY — 411 3,699 — 2,732 411 6,431 6,842 (4,903 ) 1,939 1986 1994 The Mansion Lexington, KY — 694 6,242 — 4,033 694 10,275 10,969 (7,831 ) 3,138 1989 1994 The Village Lexington, KY — 900 8,097 — 4,994 900 13,091 13,991 (10,026 ) 3,965 1989 1994 Stonemill Village Louisville, KY — 1,169 10,518 — 9,889 1,169 20,407 21,576 (15,351 ) 6,225 1985 1994 Market Station Kansas City, MO — 5,814 46,241 — 3,496 5,814 49,737 55,551 (14,079 ) 41,472 2010 2012 The Denton Kansas City, MO — 750 8,795 — 969 750 9,764 10,514 (1,331 ) 9,183 2014 2015 The Denton II Kansas City, MO — 770 — — 24,644 770 24,644 25,414 (1,915 ) 23,499 2017 2015 The Denton III Kansas City, MO — 4,000 42,144 — 2,868 4,000 45,012 49,012 (7,062 ) 41,950 2013/14 2015 Crosswinds Jackson, MS — 1,535 13,826 — 6,870 1,535 20,696 22,231 (15,016 ) 7,215 1989 1996 Pear Orchard Jackson, MS — 1,351 12,168 — 7,808 1,351 19,976 21,327 (15,389 ) 5,938 1985 1994 Reflection Pointe Jackson, MS — 710 8,770 138 8,547 848 17,317 18,165 (12,990 ) 5,175 1986 1988 Lakeshore Landing Ridgeland, MS — 676 6,284 — 4,257 676 10,541 11,217 (5,812 ) 5,405 1974 1994 Colonial Village at Beaver Creek Apex, NC — 7,491 34,863 — 2,929 7,491 37,792 45,283 (11,386 ) 33,897 2007 2013 Hermitage at Beechtree Cary, NC — 900 8,099 — 5,442 900 13,541 14,441 (9,487 ) 4,954 1988 1997 Waterford Forest Cary, NC — (2) 4,000 20,250 — 4,893 4,000 25,143 29,143 (12,793 ) 16,350 1996 2005 MAA 1225 Charlotte, NC — 9,612 22,342 — 29,659 9,612 52,001 61,613 (12,555 ) 49,058 2010 2010 MAA Ayrsley Charlotte, NC — 2,481 52,119 — 15,776 2,481 67,895 70,376 (18,765 ) 51,611 2008 2013 MAA Ballantyne Charlotte, NC — 16,216 44,817 — 3,373 16,216 48,190 64,406 (7,866 ) 56,540 2004 2016 MAA Beverly Crest Charlotte, NC — 3,161 24,004 — 3,991 3,161 27,995 31,156 (8,526 ) 22,630 1996 2013 MAA Chancellor Park Charlotte, NC — 5,311 28,016 — 5,195 5,311 33,211 38,522 (10,515 ) 28,007 1999 2013 MAA City Grand Charlotte, NC — 1,620 17,499 — 1,233 1,620 18,732 20,352 (5,494 ) 14,858 2005 2013 MAA Enclave Charlotte, NC — 1,461 18,984 — 1,881 1,461 20,865 22,326 (5,651 ) 16,675 2008 2013 MAA Gateway Charlotte, NC — 17,528 57,444 — 6,189 17,528 63,633 81,161 (11,000 ) 70,161 2000 2016 MAA Legacy Park Charlotte, NC — 2,891 28,272 — 3,600 2,891 31,872 34,763 (9,899 ) 24,864 2001 2013 MAA Prosperity Creek Charlotte, NC — 4,591 27,713 — 2,616 4,591 30,329 34,920 (9,662 ) 25,258 2005 2013 MAA Reserve Charlotte, NC — 4,628 44,282 — 13,450 4,628 57,732 62,360 (9,812 ) 52,548 2013 2013 MAA South Line Charlotte, NC — 18,835 58,795 — 3,374 18,835 62,169 81,004 (9,182 ) 71,822 2009 2016 MAA South Park Charlotte, NC — 20,869 65,517 — 6,145 20,869 71,662 92,531 (11,933 ) 80,598 1996 2016 MAA South Tryon Charlotte, NC — 2,260 19,489 — 2,780 2,260 22,269 24,529 (6,982 ) 17,547 2002 2013 MAA Timbercrest Charlotte, NC — 2,901 17,192 — 3,396 2,901 20,588 23,489 (6,183 ) 17,306 2000 2013 MAA University Lake Charlotte, NC — 3,250 31,389 — 5,150 3,250 36,539 39,789 (11,864 ) 27,925 1998 2013 MAA Uptown Charlotte, NC — 10,888 30,078 — 2,798 10,888 32,876 43,764 (5,527 ) 38,237 2000 2016 MAA Cornelius Cornelius, NC — 4,571 29,151 — 2,124 4,571 31,275 35,846 (10,161 ) 25,685 2009 2013 Colonial Grand at Patterson Place Durham, NC — 2,590 27,126 — 3,819 2,590 30,945 33,535 (9,593 ) 23,942 1997 2013 Colonial Grand at Research Park Durham, NC — 4,201 37,682 — 4,008 4,201 41,690 45,891 (13,146 ) 32,745 2002 2013 Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amount carried as of December 31, 2020 Property Location Encumbrances Land Buildings and Fixtures Land Buildings and Fixtures Land Buildings and Fixtures Total (4) Accumulated Depreciation (5) Net Date of Construction Date Acquired Colonial Village at Deerfield Durham, NC — 3,271 15,609 — 2,004 3,271 17,613 20,884 (6,425 ) 14,459 1985 2013 MAA Huntersville Huntersville, NC — 4,251 31,948 — 3,712 4,251 35,660 39,911 (11,287 ) 28,624 2008 2013 MAA Fifty-One Matthews, NC — 3,071 21,830 — 6,066 3,071 27,896 30,967 (9,892 ) 21,075 2008 2013 MAA Matthews Commons Matthews, NC — 3,690 28,536 — 2,672 3,690 31,208 34,898 (9,824 ) 25,074 2008 2013 Reserve at Arringdon Morrisville, NC — 6,401 31,134 — 4,204 6,401 35,338 41,739 (11,039 ) 30,700 2003 2013 Colonial Grand at Brier Creek Raleigh, NC — 7,372 50,202 — 2,977 7,372 53,179 60,551 (15,996 ) 44,555 2010 2013 Colonial Grand at Brier Falls Raleigh, NC — 6,572 48,910 — 2,760 6,572 51,670 58,242 (15,174 ) 43,068 2008 2013 Colonial Grand at Crabtree Valley Raleigh, NC — 2,241 18,434 — 2,511 2,241 20,945 23,186 (6,105 ) 17,081 1997 2013 Colonial Grand at Trinity Commons Raleigh, NC — 5,232 45,138 — 5,068 5,232 50,206 55,438 (16,100 ) 39,338 2000/02 2013 Hue Raleigh, NC — 3,690 29,910 — 2,579 3,690 32,489 36,179 (8,967 ) 27,212 2009 2010 Post Parkside at Wade Raleigh, NC — 7,196 51,972 — 2,687 7,196 54,659 61,855 (8,476 ) 53,379 2011 2016 Post Parkside at Wade II Raleigh, NC — 9,450 46,316 587 2,209 10,037 48,525 58,562 (11,932 ) 46,630 2017 2016 Post Parkside at Wade III Raleigh, NC — 2,200 — — 22,407 2,200 22,407 24,607 (1,142 ) 23,465 2019 2016 Preserve at Brier Creek Raleigh, NC — 5,850 21,980 (19 ) 26,755 5,831 48,735 54,566 (21,121 ) 33,445 2004 2006 Providence at Brier Creek Raleigh, NC — 4,695 29,007 — 2,437 4,695 31,444 36,139 (13,463 ) 22,676 2007 2008 Colonial Grand at Desert Vista North Las Vegas, NV — 4,091 29,826 — 2,303 4,091 32,129 36,220 (10,207 ) 26,013 2009 2013 Colonial Grand at Palm Vista North Las Vegas, NV — 4,909 25,643 — 4,318 4,909 29,961 34,870 (9,973 ) 24,897 2007 2013 Tanglewood Anderson, SC — 427 3,853 — 2,741 427 6,594 7,021 (5,376 ) 1,645 1980 1994 1201 Midtown Charleston, SC — 11,929 57,885 — 954 11,929 58,839 70,768 (7,130 ) 63,638 2015 2016 1201 Midtown II Charleston, SC — 6,750 5,874 — 16,451 6,750 22,325 29,075 (1,600 ) 27,475 2018 2016 Colonial Grand at Cypress Cove Charleston, SC — 3,610 28,645 — 2,717 3,610 31,362 34,972 (10,031 ) 24,941 2001 2013 Colonial Village at Hampton Pointe Charleston, SC — 3,971 22,790 — 6,965 3,971 29,755 33,726 (9,304 ) 24,422 1986 2013 Colonial Village at Westchase Charleston, SC — 4,571 20,091 — 4,839 4,571 24,930 29,501 (8,766 ) 20,735 1985 2013 Quarterdeck at James Island Charleston, SC — 920 24,097 — 6,473 920 30,570 31,490 (9,639 ) 21,851 1987 2013 River's Walk Charleston, SC — 8,831 39,430 — 2,523 8,831 41,953 50,784 (6,852 ) 43,932 2013/16 2013 Paddock Club Columbia Columbia, SC — 1,840 16,560 — 5,170 1,840 21,730 23,570 (15,547 ) 8,023 1991 1997 The Fairways Columbia, SC — 910 8,207 — 3,428 910 11,635 12,545 (9,073 ) 3,472 1992 1994 Colonial Village at Windsor Place Goose Creek, SC — 1,321 14,163 — 3,765 1,321 17,928 19,249 (6,376 ) 12,873 1985 2013 Highland Ridge Greenville, SC — 482 4,337 — 2,998 482 7,335 7,817 (5,123 ) 2,694 1984 1995 Howell Commons Greenville, SC — 1,304 11,740 — 4,415 1,304 16,155 17,459 (11,843 ) 5,616 1987 1997 Innovation Apartment Homes Greenville, SC — 4,437 52,026 — 2,223 4,437 54,249 58,686 (8,075 ) 50,611 2015 2016 Paddock Club Greenville Greenville, SC — 1,200 10,800 — 3,149 1,200 13,949 15,149 (9,730 ) 5,419 1996 1997 Park Haywood Greenville, SC — 325 2,925 35 4,767 360 7,692 8,052 (5,857 ) 2,195 1983 1993 Spring Creek Greenville, SC — 597 5,374 (14 ) 2,973 583 8,347 8,930 (6,216 ) 2,714 1985 1995 The Greene Greenville, SC — 5,420 66,546 7 600 5,427 67,146 72,573 (2,072 ) 70,501 2019 2019 Runaway Bay Mt. Pleasant, SC — 1,085 7,269 12 6,622 1,097 13,891 14,988 (10,344 ) 4,644 1988 1995 Colonial Grand at Commerce Park North Charleston, SC — 2,780 33,966 — 3,514 2,780 37,480 40,260 (11,287 ) 28,973 2008 2013 535 Brookwood Simpsonville, SC — 1,216 18,666 — 2,222 1,216 20,888 22,104 (7,605 ) 14,499 2008 2010 Park Place Spartanburg, SC — 723 6,504 — 2,811 723 9,315 10,038 (6,870 ) 3,168 1987 1997 Colonial Village at Waters Edge Summerville, SC — 2,103 9,187 — 4,537 2,103 13,724 15,827 (5,627 ) 10,200 1985 2013 Farmington Village Summerville, SC — 2,800 26,295 — 2,963 2,800 29,258 32,058 (13,242 ) 18,816 2007 2007 Hamilton Pointe Chattanooga, TN — 1,131 10,632 — 6,688 1,131 17,320 18,451 (8,622 ) 9,829 1989 1992 Hidden Creek Chattanooga, TN — 972 8,954 — 6,875 972 15,829 16,801 (7,757 ) 9,044 1987 1988 Steeplechase Chattanooga, TN — 217 1,957 — 4,220 217 6,177 6,394 (3,835 ) 2,559 1986 1991 Windridge Chattanooga, TN — 817 7,416 — 4,398 817 11,814 12,631 (8,498 ) 4,133 1984 1997 Kirby Station Memphis, TN — 1,148 10,337 — 10,378 1,148 20,715 21,863 (15,153 ) 6,710 1978 1994 Lincoln on the Green Memphis, TN — 1,498 20,483 — 16,721 1,498 37,204 38,702 (27,617 ) 11,085 1992 1994 Park Estate Memphis, TN — 178 1,141 — 3,587 178 4,728 4,906 (3,482 ) 1,424 1974 1977 Reserve at Dexter Lake Memphis, TN — 1,260 16,043 2,147 43,880 3,407 59,923 63,330 (30,350 ) 32,980 2000 1998 Paddock Club Murfreesboro Murfreesboro, TN — 915 14,774 — 4,044 915 18,818 19,733 (10,577 ) 9,156 1999 1998 Acklen West End Nashville, TN — 12,761 58,906 — 1,714 12,761 60,620 73,381 (6,643 ) 66,738 2015 2017 Aventura at Indian Lake Village Nashville, TN — 4,950 28,053 — 2,747 4,950 30,800 35,750 (9,845 ) 25,905 2010 2011 Avondale at Kennesaw Nashville, TN — 3,456 22,443 — 4,011 3,456 26,454 29,910 (9,468 ) 20,442 2008 2010 Brentwood Downs Nashville, TN — 1,193 10,739 (2 ) 8,946 1,191 19,685 20,876 (13,542 ) 7,334 1986 1994 Charlotte at Midtown Nashville, TN — 7,898 54,480 — 1,692 7,898 56,172 64,070 (6,139 ) 57,931 2016 2017 Colonial Grand at Bellevue Nashville, TN — 17,278 64,196 (2 ) 5,577 17,276 69,773 87,049 (17,249 ) 69,800 1996/ 2015 2013 Grande View Nashville Nashville, TN — 2,963 33,673 — 8,777 2,963 42,450 45,413 (22,334 ) 23,079 2001 1998 Monthaven Park Nashville, TN — 2,736 28,902 — 6,246 2,736 35,148 37,884 (19,946 ) 17,938 2000 2004 Park at Hermitage Nashville, TN — 1,524 14,800 — 8,839 1,524 23,639 25,163 (18,064 ) 7,099 1987 1995 Venue at Cool Springs Nashville, TN — 6,670 — — 52,837 6,670 52,837 59,507 (11,775 ) 47,732 2012 2010 Verandas at Sam Ridley Nashville, TN — 3,350 28,308 — 3,892 3,350 32,200 35,550 (11,401 ) 24,149 2009 2010 Balcones Woods Austin, TX — 1,598 14,398 — 9,785 1,598 24,183 25,781 (17,292 ) 8,489 1983 1997 Colonial Grand at Canyon Creek Austin, TX — 3,621 32,137 — 2,212 3,621 34,349 37,970 (10,837 ) 27,133 2008 2013 Colonial Grand at Canyon Pointe Austin, TX — 3,778 20,201 — 2,780 3,778 22,981 26,759 (7,995 ) 18,764 2003 2013 Colonial Grand at Double Creek Austin, TX — 3,131 29,375 — 1,284 3,131 30,659 33,790 (9,669 ) 24,121 2013 2013 Colonial Grand at Onion Creek Austin, TX — 4,902 33,010 — 2,682 4,902 35,692 40,594 (11,464 ) 29,130 2009 2013 Colonial Grand at Wells Branch Austin, TX — (3) 3,094 32,283 294 2,287 3,388 34,570 37,958 (10,328 ) 27,630 2008 2013 Colonial Village at Quarry Oaks Austin, TX — 4,621 34,461 — 7,297 4,621 41,758 46,379 (14,463 ) 31,916 1996 2013 Grand Reserve at Sunset Valley Austin, TX — 3,150 11,393 — 4,064 3,150 15,457 18,607 (8,415 ) 10,192 1996 2004 Legacy at Western Oaks Austin, TX — (1) 9,100 49,339 — 1,619 9,100 50,958 60,058 (15,957 ) 44,101 2001 2009 Post Barton Creek Austin, TX — 8,683 21,497 — 1,779 8,683 23,276 31,959 (4,315 ) 27,644 1998 2016 Post Park Mesa Austin, TX — 4,653 19,828 — 1,326 4,653 21,154 25,807 (3,423 ) 22,384 1992 2016 Post South Lamar Austin, TX — 11,542 41,293 — 3,704 11,542 44,997 56,539 (8,822 ) 47,717 2011 2016 Post South Lamar II Austin, TX — 9,000 32,800 — 20,134 9,000 52,934 61,934 (5,292 ) 56,642 2017 2016 Post West Austin Austin, TX — (3) 7,805 48,843 — 2,203 7,805 51,046 58,851 (9,935 ) 48,916 2009 2016 Silverado at Brushy Creek Austin, TX — 2,900 24,009 — 4,788 2,900 28,797 31,697 (14,486 ) 17,211 2003 2006 Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amount carried as of December 31, 2020 Property Location Encumbrances Land Buildings and Fixtures Land Buildings and Fixtures Land Buildings and Fixtures Total (4) Accumulated Depreciation (5) Net Date of Construction Date Acquired Sixty 600 Austin, TX — 2,281 6,169 — 7,794 2,281 13,963 16,244 (9,297 ) 6,947 1987 1995 Stassney Woods Austin, TX — 1,621 7,501 — 8,403 1,621 15,904 17,525 (10,580 ) 6,945 1985 1995 The Woods on Barton Skyway Austin, TX — 1,405 12,769 — 12,043 1,405 24,812 26,217 (12,214 ) 14,003 1977 1997 Colonial Village at Shoal Creek Bedford, TX — 4,982 27,377 — 4,463 4,982 31,840 36,822 (10,699 ) 26,123 1996 2013 Colonial Village at Willow Creek Bedford, TX — 3,109 33,488 — 8,965 3,109 42,453 45,562 (14,258 ) 31,304 1996 2013 Colonial Grand at Hebron Carrollton, TX — 4,231 42,237 — 2,316 4,231 44,553 48,784 (12,640 ) 36,144 2011 2013 Colonial Grand at Silverado Cedar Park, TX — 3,282 24,935 — 1,846 3,282 26,781 30,063 (8,371 ) 21,692 2005 2013 Colonial Grand at Silverado Reserve Cedar Park, TX — 3,951 31,705 — 2,588 3,951 34,293 38,244 (10,495 ) 27,749 2005 2013 Grand Cypress Cypress, TX — 3,881 24,267 — 1,814 3,881 26,081 29,962 (6,036 ) 23,926 2008 2013 Colonial Reserve at Medical District Dallas, TX — 4,050 33,779 — 2,815 4,050 36,594 40,644 (10,055 ) 30,589 2007 2013 Courtyards at Campbell Dallas, TX — 988 8,893 — 4,327 988 13,220 14,208 (9,130 ) 5,078 1986 1998 Deer Run Dallas, TX — 1,252 11,271 — 5,034 1,252 16,305 17,557 (11,804 ) 5,753 1985 1998 Grand Courtyards Dallas, TX — 2,730 22,240 — 4,848 2,730 27,088 29,818 (13,175 ) 16,643 2000 2006 Legends at Lowe's Farm Dallas, TX — 5,016 41,091 — 2,916 5,016 44,007 49,023 (14,543 ) 34,480 2008 2011 MAA Frisco Bridges I/III Dallas, TX — 8,745 66,571 — 3,896 8,745 70,467 79,212 (16,574 ) 62,638 2009/13 2013 MAA McKinney Avenue Dallas, TX — 13,178 24,048 — 4,248 13,178 28,296 41,474 (4,339 ) 37,135 1996 2016 MAA McKinney Avenue II Dallas, TX — 13,621 8,608 — 2,726 13,621 11,334 24,955 (1,984 ) 22,971 1993 2016 MAA McKinney Avenue III Dallas, TX — 7,966 7,471 — 1,936 7,966 9,407 17,373 (1,565 ) 15,808 1996 2016 MAA Worthington Dallas, TX — 13,713 43,268 — 6,056 13,713 49,324 63,037 (7,368 ) 55,669 1993/ 2008 2016 Post Abbey Dallas, TX — 2,711 4,369 — 403 2,711 4,772 7,483 (813 ) 6,670 1996 2016 Post Addison Circle Dallas, TX — 12,308 189,419 — 15,002 12,308 204,421 216,729 (33,343 ) 183,386 1998-2000 2016 Post Cole's Corner Dallas, TX — 13,030 14,383 — 2,975 13,030 17,358 30,388 (3,309 ) 27,079 1998 2016 Post Eastside Dallas, TX — 7,134 58,095 — 2,393 7,134 60,488 67,622 (10,636 ) 56,986 2008 2016 Post Gallery Dallas, TX — 4,391 7,910 — 1,079 4,391 8,989 13,380 (1,852 ) 11,528 1999 2016 Post Heights Dallas, TX — 26,245 37,922 — 2,420 26,245 40,342 66,587 (7,074 ) 59,513 1998-1999/2009 2016 Post Katy Trail Dallas, TX — 10,333 32,456 — 1,374 10,333 33,830 44,163 (5,130 ) 39,033 2010 2016 Post Legacy Dallas, TX — (3) 6,575 55,277 — 4,781 6,575 60,058 66,633 (9,694 ) 56,939 2000 2016 Post Meridian Dallas, TX — 8,780 13,654 — 839 8,780 14,493 23,273 (2,611 ) 20,662 1991 2016 Post Uptown Village Dallas, TX — 34,974 33,213 — 5,969 34,974 39,182 74,156 (7,154 ) 67,002 1995-2000 2016 Watermark Dallas, TX — (2) 960 14,438 — 3,080 960 17,518 18,478 (9,748 ) 8,730 2002 2004 Colonial Grand at Bear Creek Euless, TX — 6,453 30,048 — 3,637 6,453 33,685 40,138 (11,649 ) 28,489 1998 2013 Colonial Grand at Fairview Fairview, TX — 2,171 35,077 — 1,391 2,171 36,468 38,639 (10,300 ) 28,339 2012 2013 La Valencia at Starwood Frisco, TX — 3,240 26,069 — 2,041 3,240 28,110 31,350 (10,144 ) 21,206 2009 2010 Colonial Village at Grapevine Grapevine, TX — 2,351 29,757 — 6,985 2,351 36,742 39,093 (11,674 ) 27,419 1985/86 2013 Greenwood Forest Houston, TX — 3,465 23,482 — 1,685 3,465 25,167 28,632 (6,907 ) 21,725 1994 2013 Legacy Pines Houston, TX — (2) 2,157 19,066 (15 ) 4,172 2,142 23,238 25,380 (13,617 ) 11,763 1999 2003 Park Place Houston Houston, TX — 2,061 15,830 — 3,221 2,061 19,051 21,112 (9,071 ) 12,041 1996 2007 Post 510 Houston, TX — 7,227 33,366 — 931 7,227 34,297 41,524 (6,287 ) 35,237 2014 2016 Post at Afton Oaks Houston, TX — 11,503 65,469 — 4,129 11,503 69,598 81,101 (14,474 ) 66,627 2017 2016 Post Midtown Square Houston, TX — 19,038 89,570 — 4,708 19,038 94,278 113,316 (16,178 ) 97,138 1999/ 2013 2016 Ranchstone Houston, TX — 1,480 14,807 — 3,343 1,480 18,150 19,630 (8,367 ) 11,263 1996 2007 Reserve at Woodwind Lakes Houston, TX — 1,968 19,928 — 4,551 1,968 24,479 26,447 (11,956 ) 14,491 1999 2006 Retreat at Vintage Park Houston, TX — (3) 8,211 40,352 — 1,704 8,211 42,056 50,267 (6,774 ) 43,493 2014 2014 Yale at 6th Houston, TX — (1) 13,107 62,764 — 2,109 13,107 64,873 77,980 (8,309 ) 69,671 2015 2016 Cascade at Fall Creek Humble, TX — 5,985 40,011 — 3,599 5,985 43,610 49,595 (19,437 ) 30,158 2007 2007 Bella Casita Irving, TX — (2) 2,521 26,432 — 3,894 2,521 30,326 32,847 (10,396 ) 22,451 2007 2010 Colonial Grand at Valley Ranch Irving, TX — 5,072 37,397 — 13,787 5,072 51,184 56,256 (17,704 ) 38,552 1997 2013 Colonial Reserve at Las Colinas Irving, TX — (1) 3,902 40,691 — 2,411 3,902 43,102 47,004 (11,879 ) 35,125 2006 2013 Remington Hills Irving, TX — 4,390 21,822 — 12,573 4,390 34,395 38,785 (10,890 ) 27,895 1984 2013 Colonial Village at Oakbend Lewisville, TX — 5,598 28,616 — 5,700 5,598 34,316 39,914 (11,122 ) 28,792 1997 2013 Times Square at Craig Ranch McKinney, TX — 1,130 28,058 — 5,658 1,130 33,716 34,846 (12,315 ) 22,531 2009 2010 Venue at Stonebridge Ranch McKinney, TX — 4,034 19,528 — 2,444 4,034 21,972 26,006 (5,556 ) 20,450 2000 2013 Cityscape at Market Center Plano, TX — 16,894 110,705 — 4,076 16,894 114,781 131,675 (17,834 ) 113,841 2013/15 2014 Highwood Plano, TX — 864 7,783 — 3,395 864 11,178 12,042 (7,906 ) 4,136 1983 1998 Los Rios Park Plano, TX — 3,273 28,823 — 7,115 3,273 35,938 39,211 (20,443 ) 18,768 2000 2003 Boulder Ridge Roanoke, TX — 3,382 26,930 — 7,050 3,382 33,980 37,362 (17,563 ) 19,799 1999 2005 Copper Ridge Roanoke, TX — 3,336 — — 22,762 3,336 22,762 26,098 (7,161 ) 18,937 2009 2008 Copper Ridge II Roanoke, TX — 830 — — 25,427 830 25,427 26,257 (1,012 ) 25,245 2020 2008 Colonial Grand at Ashton Oaks Round Rock, TX — 5,511 36,241 — 2,661 5,511 38,902 44,413 (12,248 ) 32,165 2009 2013 Colonial Grand at Round Rock Round Rock, TX — 4,691 45,379 — 3,064 4,691 48,443 53,134 (14,797 ) 38,337 1997 2013 Colonial Village at Sierra Vista Round Rock, TX — 2,561 16,488 — 4,290 2,561 20,778 23,339 (7,251 ) 16,088 1999 2013 Alamo Ranch San Antonio, TX — 2,380 26,982 — 3,158 2,380 30,140 32,520 (10,753 ) 21,767 2009 2011 Bulverde Oaks San Antonio, TX — 4,257 36,759 — 1,796 4,257 38,555 42,812 (6,544 ) 36,268 2014 2014 Haven at Blanco San Antonio, TX — 5,450 45,958 (39 ) 3,940 5,411 49,898 55,309 (14,877 ) 40,432 2010 2012 Stone Ranch at Westover Hills San Antonio, TX — 4,000 24,992 — 3,444 4,000 28,436 32,436 (10,973 ) 21,463 2009 2009 Cypresswood Court Spring, TX — (2) 576 5,190 — 4,876 576 10,066 10,642 (6,274 ) 4,368 1984 1994 Villages at Kirkwood Stafford, TX — 1,918 15,846 — 3,260 1,918 19,106 21,024 (10,306 ) 10,718 1996 2004 Green Tree Place Woodlands, TX — (2) 539 4,850 — 3,797 539 8,647 9,186 (6,452 ) 2,734 1984 1994 Stonefield Commons Charlottesville, VA — 11,044 36,689 — 1,739 11,044 38,428 49,472 (6,655 ) 42,817 2013 2014 Adalay Bay Chesapeake, VA — 5,280 31,341 — 3,864 5,280 35,205 40,485 (11,284 ) 29,201 2002 2012 Apartments at Cobblestone Square Fredericksburg, VA — 10,990 48,696 — 3,035 10,990 51,731 62,721 (9,495 ) 53,226 2012 2016 Colonial Village at Greenbrier Fredericksburg, VA — 4,842 21,677 — 2,926 4,842 24,603 29,445 (6,988 ) 22,457 1980 2013 Seasons at Celebrate Virginia Fredericksburg, VA — 14,490 32,083 — 40,576 14,490 72,659 87,149 (17,743 ) 69,406 2011 2011 Station Square at Cosner's Corner Fredericksburg, VA — 12,825 51,078 — 1,895 12,825 52,973 65,798 (9,454 ) 56,344 2013/16 2013 Colonial Village at Hampton Glen Glen Allen, VA — 4,851 21,678 — 3,890 4,851 25,568 30,419 (7,916 ) 22,503 1986 2013 Initial Cost Costs Capitalized Subsequent to Acquisition Gross Amount carried as of December 31, 2020 Property Location Encumbrances Land Buildings and Fixtures Land Buildings and Fixtures Land Buildings and Fixtures Total (4) Accumulated Depreciation (5) Net Date of Construction Date Acquired Colonial Village at West End Glen Allen, VA — 4,661 18,908 — 3,203 4,661 22,111 26,772 (6,900 ) 19,872 1987 2013 Township Hampton, VA — 1,509 8,189 — 8,610 1,509 16,799 18,308 (11,803 ) 6,505 1987 1995 Colonial Village at Waterford Midlothian, VA — 6,733 29,221 — 5,267 6,733 34,488 41,221 (11,295 ) 29,926 1989 2013 Radius Newport News, VA — 5,040 36,481 — 3,515 5,040 39,996 45,036 (6,344 ) 38,692 2012 2015 Ashley Park Richmond, VA — 4,761 13,365 — 2,960 4,761 16,325 21,086 (5,791 ) 15,295 1988 2013 Colonial Village at Chase Gayton Richmond, VA — 6,021 29,004 — 4,209 6,021 33,213 39,234 (10,660 ) 28,574 1984 2013 Hamptons at Hunton Park Richmond, VA — 4,930 35,598 — 6,270 4,930 41,868 46,798 (13,740 ) 33,058 2003 2011 Retreat at West Creek Richmond, VA — 7,112 36,136 — 2,811 7,112 38,947 46,059 (5,868 ) 40,191 2015 2015 Retreat at West Creek II Richmond, VA — 3,000 — — 12,242 3,000 12,242 15,242 (1,165 ) 14,077 2017 2015 Post Carlyle Square Washington D.C. — 29,7 |
Organization and Summary of S_2
Organization and Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2020 | |
Accounting Policies [Abstract] | |
Basis of Presentation And Principles Of Consolidation | Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements have been prepared by the Company’s management in accordance with United States generally accepted accounting principles, or GAAP, and applicable rules and regulations of the Securities and Exchange Commission, or the SEC. The consolidated financial statements of MAA presented herein include the accounts of MAA, the Operating Partnership and all other subsidiaries in which MAA has a controlling financial interest. MAA owns, directly or indirectly, approximately 80% to 100% of all consolidated subsidiaries, including the Operating Partnership. The consolidated financial statements of MAALP presented herein include the accounts of MAALP and all other subsidiaries in which MAALP has a controlling financial interest. MAALP owns, directly or indirectly, 80% to 100% of all consolidated subsidiaries. In management’s opinion, all adjustments necessary for a fair presentation of the consolidated financial statements have been included, and all such adjustments were of a normal recurring nature. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company invests in entities which may qualify as variable interest entities, or VIEs, and MAALP is considered a VIE. A VIE is a legal entity in which the equity investors lack sufficient equity at risk for the entity to finance its activities without additional subordinated financial support or, as a group, the holders of the equity investment at risk lack the power to direct the activities of a legal entity as well as the obligation to absorb its expected losses or the right to receive its expected residual returns. MAALP is classified as a VIE because the limited partners lack substantive kick-out rights and substantive participating rights. The Company consolidates all VIEs for which it is the primary beneficiary and uses the equity method to account for investments that qualify as VIEs but for which it is not the primary beneficiary. In determining whether the Company is the primary beneficiary of a VIE, management considers both qualitative and quantitative factors, including, but not limited to, those activities that most significantly impact the VIE’s economic performance and which party controls such activities. The Company uses the equity method of accounting for its investments in entities for which the Company exercises significant influence, but does not have the ability to exercise control. The factors considered in determining whether the Company has the ability to exercise control include ownership of voting interests and participatory rights of investors (see “Investments in Unconsolidated Affiliates” below). |
Reclassifications | Reclassifications |
Noncontrolling Interests | Noncontrolling Interests As of December 31, 2020, the Company had two types of noncontrolling interests with respect to its consolidated subsidiaries, (1) noncontrolling interests related to the common unitholders of its Operating Partnership and (2) noncontrolling interests related to its consolidated real estate entities. The noncontrolling interests relating to the limited partnership interests in the Operating Partnership are owned by the holders of the Class A OP Units. MAA is the sole general partner of the Operating Partnership and holds all of the outstanding Class B OP Units. Net income (after allocations to preferred ownership interests) is allocated to MAA and the noncontrolling interests based on their respective ownership percentages of the Operating Partnership. Issuance of additional Class A OP Units or Class B OP Units changes the ownership percentage of both the noncontrolling interests and MAA. The issuance of Class B OP Units generally occurs when MAA issues common stock and the issuance proceeds are contributed to the Operating Partnership in exchange for Class B OP Units equal to the number of shares of MAA’s common stock issued. At each reporting period, the allocation between total MAA shareholders’ equity and noncontrolling interests is adjusted to account for the change in the respective percentage ownership of the underlying equity of the Operating Partnership. MAA’s Board of Directors established economic rights in respect to each Class A OP Unit that were equivalent to the economic rights in respect to each share of MAA common stock. See Note 9 for additional details. |
Use of Estimates | Use of Estimates Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses to prepare these financial statements and notes in conformity with GAAP. Actual results could differ from those estimates. |
Rental Costs | Rental Costs Costs associated with rental activities are expensed as incurred and include advertising expenses, which were $23.9 million, $20.8 million and $20.2 million for the years ended December 31, 2020, 2019 and 2018, respectively. |
Real Estate Assets and Depreciation and Amortization | Real Estate Assets and Depreciation and Amortization Real estate assets are carried at depreciated cost and consist of land, buildings and improvements and other and development and capital improvements in progress (see “Development Costs” below). Repairs and maintenance costs are expensed as incurred, while significant improvements, renovations and recurring capital replacements are capitalized and depreciated over their estimated useful lives. Recurring capital replacements typically include scheduled carpet replacement, new roofs, HVAC units, plumbing, concrete, masonry and other paving, pools and various exterior building improvements. In addition to these costs, the Company also capitalizes salary costs directly identifiable with renovation work. These expenditures extend the useful life of the property and increase the property’s fair market value. The cost of interior painting and blinds are typically expensed as incurred. Depreciation is computed on a straight-line basis over the estimated useful lives of the related assets, which range from three to 40 years. The line item “Buildings and improvements and other” in the Consolidated Balance Sheets includes land improvements and buildings, which have a useful life ranging from five to 40 years, as well as furniture, fixtures and equipment, which have a useful life of three to five years. |
Development Costs | Development Costs Development projects and the related carrying costs, including interest, property taxes, insurance and allocated direct development salary costs during the construction period, are capitalized and reported in the accompanying Consolidated Balance Sheets as “Development and capital improvements in progress” during the construction period. Interest is capitalized in accordance with accounting standards governing the capitalization of interest. Upon completion and certification for occupancy of individual buildings or floors within a development, amounts representing the completed portion of total estimated development costs for the project are transferred to “Buildings and improvements and other” as real estate held for investment. Capitalization of interest, property taxes, insurance and allocated direct development salary costs cease upon the transfer. The assets are depreciated over their estimated useful lives. Total capitalized costs (including capitalized interest, salaries and real estate taxes) during the years ended December 31, 2020, 2019 and 2018 were $12.7 million, $6.5 million and $4.2 million, respectively. Certain costs associated with the lease-up of development projects, including cost of model units, furnishings and signs, are capitalized and amortized over their respective estimated useful lives. All other costs relating to renting development projects are expensed as incurred. |
Acquisition of Real Estate Assets | Acquisition of Real Estate Assets In accordance with Accounting Standards Codification (“ASC”) Topic 805, Business Combinations The purchase price of an acquired property is allocated based on the relative fair value of the individual components as a proportion of the total assets acquired. The Company allocates the cost of the tangible assets of an acquired property by valuing the building as if it were vacant, based on management’s determination of the relative fair values of these assets. Management determines the as-if-vacant fair value of a building using methods similar to those used by independent appraisers. These methods include using stabilized net operating income, or NOI, and market specific capitalization and discount rates. In allocating the cost of identified intangible assets of an acquired property, the in-place leases are valued based on current rent rates and time and cost to lease a unit. Management concluded that the residential leases acquired in connection with each of its property acquisitions approximate at-market rates since the residential lease terms generally do not extend beyond one year. |
Impairment of Long-lived Assets, including Goodwill | Impairment of Long-lived Assets The Company accounts for long-lived assets in accordance with the provisions of accounting standards for the impairment or disposal of long-lived assets. Management periodically evaluates long-lived assets, including investments in real estate, for indicators that would suggest that the carrying amount of the assets may not be recoverable. The judgments regarding the existence of such indicators are based on factors such as operating performance, market conditions and legal factors. Long-lived assets, such as real estate assets, equipment and purchased intangibles subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of are separately presented in the Consolidated Balance Sheets, are reported at the lower of the carrying amount or fair value less costs to sell and are no longer depreciated. The assets and liabilities of a disposed group or a property classified as held for sale are presented separately in the appropriate asset and liability sections of the Consolidated Balance Sheets. |
Undeveloped Land | Undeveloped Land Undeveloped land includes sites intended for future multifamily developments, sites for future commercial development and sites intended for residential use, which are carried at the lower of cost or fair value in accordance with GAAP. Any costs incurred prior to commencement of pre-development activities are expensed as incurred. |
Investments in Unconsolidated Affiliates | Investments in Unconsolidated Affiliates The Company uses the equity method to account for its investments in a real estate joint venture and two technology-focused limited partnerships that each qualify as a VIE. Management determined the Company is not the primary beneficiary in any of these investments but does have the ability to exert significant influence over the operations and financial policies of the real estate joint venture and considers its investment in the limited partnerships to be more than minor. The Company’s investment in the real estate joint venture was $43.3 million and $43.7 million as of December 31, 2020 and 2019, respectively. As of December 31, 2020 and 2019, the Company’s investments in the technology-focused limited partnerships were $23.0 million and $13.1 million, respectively, and are included in “Other assets” in the accompanying Consolidated Balance Sheets. As of December 31, 2020, the Company was committed until February 2025 to make additional capital contributions totaling $19.2 million if and when called by the general partners of the limited partnerships. |
Cash and Cash Equivalents | Cash and Cash Equivalents Investments in money market accounts and certificates of deposit with original maturities of three months or less are considered to be cash equivalents. |
Restricted Cash | Restricted Cash Restricted cash consists of security deposits required to be held separately, escrow deposits held by lenders for property taxes, insurance, debt service and replacement reserves, and exchanges under Section 1031(b) of the Internal Revenue Code of 1986, as amended, or the Code. Section 1031(b) exchanges are presented within cash, cash equivalents and restricted cash reported in the Consolidated Statements of Cash Flows. |
Other Assets | Other Assets Other assets consist primarily of receivables and deposits from residents, the value of derivative contracts, right-of-use lease assets, investments in limited partnerships, deferred rental concessions, deferred financing costs relating to a revolving credit facility and other prepaid expenses. Also included in other assets are the fair market value of in-place leases and resident relationships, net of accumulated amortization. |
Accrued Expenses and Other Liabilities | Accrued Expenses and Other Liabilities Accrued expenses consist of accrued dividends payable, accrued real estate taxes, accrued interest payable, accrued loss contingencies (see Note 11), accounts payable, right-of-use lease liabilities, security deposits not related to restricted cash, other accrued expenses, and unearned income. Significant accruals include accrued dividends payable of $121.4 million and $118.3 million as of December 31, 2020 and 2019, respectively; accrued real estate taxes of $140.6 million and $131.9 million as of December 31, 2020 and 2019, respectively; unearned income of $48.8 million and $42.0 million as of December 31, 2020 and 2019, respectively; accrued loss contingencies of $5.3 million and $8.6 million as of December 31, 2020 and 2019, respectively; security deposits of $21.6 million and $19.4 million as of December 31, 2020 and 2019, respectively; and accrued interest payable of $24.8 million and $21.4 million as of December 31, 2020 and 2019, respectively. |
Income Taxes | Income Taxes MAA has elected to be taxed as a REIT under the Code and intends to continue to operate in such a manner. The current and continuing qualification as a REIT depends on MAA’s ability to meet the various requirements imposed by the Code, which are related to organizational structure, distribution levels, diversity of stock ownership and certain requirements with respect to the nature and diversity of MAA’s assets and sources of MAA’s gross income. As long as MAA qualifies for taxation as a REIT, it will generally not be subject to United States federal corporate income tax on its taxable income that is currently distributed to shareholders. This treatment substantially eliminates the “double taxation” (i.e., income taxation at both the corporate and shareholder levels) that generally results from an investment in a corporation. Even if MAA qualifies as a REIT, MAA may be subject to United States federal income and excise taxes in certain situations, such as if MAA fails to distribute timely all of its taxable income with respect to a taxable year. MAA also will be required to pay a 100% tax on any net income on non-arm’s length transactions between MAA and one of its taxable REIT subsidiaries, or TRS. Furthermore, MAA and its shareholders may be subject to state or local taxation in various state or local jurisdictions, including those in which MAA transacts business or its shareholders reside, and the applicable state and local tax laws may not conform to the United States federal income tax treatment. Any taxes imposed on MAA would reduce its operating cash flows and net income. The Company has elected TRS status for certain of its corporate subsidiaries. As a result, the TRS incur both federal and state income taxes on any taxable income after consideration of any net operating losses. The TRS use the liability method of accounting for income taxes. Deferred income tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rate is recognized in earnings in the period of the enactment date. A valuation allowance is provided when it is more likely than not that all or some portion of the deferred tax assets will not be realized. The Company recognizes liabilities for uncertain income tax positions based on a two-step process. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step requires the Company to estimate and measure the tax benefit as the largest amount that is more likely than not to be realized upon ultimate settlement. See Note 7 for additional disclosures regarding income taxes. |
Fair value of derivative financial instruments | Fair Value Measurements The Company applies the guidance in ASC Topic 820, Fair Value Measurements and Disclosures Level 1 - Quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date. Level 2 - Inputs other than quoted prices that are observable for the asset or liability, either directly or indirectly. Level 3 - Unobservable inputs for the assets or liability. |
Revenue Recognition | Revenue Recognition The Company primarily leases multifamily residential apartments to residents under operating leases generally due on a monthly basis with terms of approximately one year or less. Rental revenues are recognized in accordance with ASC Topic 842, Leases Revenue from Contracts with Customers |
Leases | Leases The Company is the lessee under certain ground, office, equipment and other operational leases, all of which are accounted for as operating leases in accordance with ASC Topic 842. The Company recognizes a right-of-use asset for the right to use the underlying asset for all leases where the Company is the lessee with terms of more than twelve months, and a related lease liability for the obligation to make lease payments. Expenses related to leases determined to be operating leases are recognized on a straight-line basis. As of December 31, 2020 and December 31, 2019 , right-of-use assets recorded within “Other assets” totaled $49.4 million and $53.8 million , respectively, and related lease obligations recorded within “Accrued expenses and other liabilities” totaled $31.7 million and $33.1 million , respectively, in the Consolidated Balance Sheets. As of December 31, 2020 , the Company’s operating leases had a weighted average remaining lease term of approximately 32 years and a weighted average discount rate of approximately 4.4% . Lease expense recognized for the years ended December 31, 2020, 2019 and 2018 was immaterial to the Company. Cash paid for amounts included in the measurement of operating lease liabilities during the years ended December 31, 2020 and 2019 was also immaterial. |
Recently Adopted Accounting Pronouncement | Recently Adopted Accounting Pronouncements Measurement of Credit Losses on Financial Instruments |
Earnings Per Common Share of _2
Earnings Per Common Share of MAA (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Earnings Per Common Share Of M A A [Abstract] | |
Schedule of Computation of Diluted Earnings per Share | For the years ended December 31, 2020, 2019 and 2018, MAA’s diluted earnings per share was computed using the treasury stock method as presented below (dollars and shares in thousands, except per share amounts): Calculation of Earnings per common share - basic 2020 2019 2018 Net income $ 264,015 $ 366,618 $ 231,022 Net income attributable to noncontrolling interests (9,053 ) (12,807 ) (8,123 ) Unvested restricted stock (allocation of earnings) (338 ) (519 ) (291 ) Preferred dividends (3,688 ) (3,688 ) (3,688 ) Net income available for MAA common shareholders, adjusted $ 250,936 $ 349,604 $ 218,920 Weighted average common shares - basic 114,188 113,854 113,638 Earnings per common share - basic $ 2.20 $ 3.07 $ 1.93 Calculation of Earnings per common share - diluted Net income $ 264,015 $ 366,618 $ 231,022 Net income attributable to noncontrolling interests (9,053 ) (1) (12,807 ) (1) (8,123 ) (1) Preferred dividends (3,688 ) (3,688 ) (3,688 ) Net income available for MAA common shareholders, adjusted $ 251,274 $ 350,123 $ 219,211 Weighted average common shares - basic 114,188 113,854 113,638 Effect of dilutive securities 312 259 198 Weighted average common shares - diluted 114,500 114,113 113,836 Earnings per common share - diluted $ 2.19 $ 3.07 $ 1.93 (1) |
Earnings Per OP Unit of MAALP (
Earnings Per OP Unit of MAALP (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Earnings Per Share [Abstract] | |
Schedule of Diluted Earnings per Common Unit | For the years ended December 31, 2020, 2019 and 2018, MAALP’s diluted earnings per common unit was computed using the treasury stock method as presented below (dollars and units in thousands, except per unit amounts): |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Stock Based Compensation [Abstract] | |
Schedule of Share based Payment Award Restricted Stock Valuation Assumptions | The following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended December 31, 2020, 2019 and 2018: 2020 2019 2018 Risk free rate 1.603% 2.578% 1.61% - 2.14% Dividend yield 3.070% 4.043% 3.884% Volatility 17.02% 18.95% 15.05% - 17.18% Requisite service period 3 years 3 years 3 years |
Nonvested Restricted Stock Shares Activity | A summary of the status of the nonvested restricted shares as of December 31, 2020, and the changes for the year ended December 31, 2020, is presented below: Nonvested Shares Shares Weighted Average Grant-Date Fair Value Nonvested as of January 1, 2020 233,878 $ 96.33 Issued 152,729 88.56 Vested (169,198 ) 81.69 Forfeited (559 ) 106.86 Nonvested as of December 31, 2020 216,850 $ 102.10 |
Share-based Compensation, Stock Options, Activity | A summary of the status of the outstanding stock options as of December 31, 2020 and the changes for the year ended December 31, 2020 is presented below: Stock Options Options Weighted Average Exercise Price Outstanding as of January 1, 2020 20,763 $ 77.82 Exercised (918 ) 77.77 Outstanding as of December 31, 2020 19,845 $ 77.83 |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Debt Disclosure [Abstract] | |
Summary of Outstanding Debt | The following table summarizes the Company’s outstanding debt as of December 31, 2020 and 2019 (dollars in thousands): As of December 31, 2020 Unsecured debt December 31, 2020 December 31, 2019 Weighted Average Effective Rate Weighted Average Contract Maturity Variable rate commercial paper program $ 172,000 $ 70,000 0.3 % 1/7/2021 Fixed rate senior notes 3,922,000 3,472,000 3.6 % 1/27/2027 Term loans fixed with swaps — 300,000 — — Debt issuance costs, discounts, premiums and fair market value adjustments (16,627 ) (13,799 ) Total unsecured debt $ 4,077,373 $ 3,828,201 3.5 % Secured debt Fixed rate property mortgages $ 488,709 $ 629,817 4.6 % 1/12/2042 Debt issuance costs and fair market value adjustments (3,370 ) (3,420 ) Total secured debt $ 485,339 $ 626,397 4.6 % Total outstanding debt $ 4,562,712 $ 4,454,598 3.6 % |
Scheduled Principal Repayments on Borrowings | The following table includes scheduled principal repayments of MAALP’s outstanding borrowings as of December 31, 2020, as well as the amortization of the fair market value of debt assumed, debt discounts, premiums and issuance costs (in thousands): Year Maturities Amortization Total 2021 $ 363,578 $ (73 ) $ 363,505 2022 367,000 (856 ) 366,144 2023 362,250 (1,858 ) 360,392 2024 420,000 (2,828 ) 417,172 2025 406,588 (3,570 ) 403,018 Thereafter 2,663,293 (10,812 ) 2,652,481 $ 4,582,709 $ (19,997 ) $ 4,562,712 |
Financial Instruments and Der_2
Financial Instruments and Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Fair Value Disclosures [Abstract] | |
Effect of Derivative Instruments on Consolidated Statement of Operations | The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended December 31, 2020, 2019 and 2018, respectively (dollars in thousands): Derivatives in Cash Flow Hedging Relationships Loss Recognized in OCI on Derivative Location of (Loss) Gain Reclassified from Accumulated Net (Loss) Gain Reclassified from Accumulated OCL into Interest Expense (1) For the Year ended December 31, 2020 2019 2018 OCL into Income 2020 2019 2018 Interest rate contracts $ — $ (11,676 ) $ (751 ) Interest expense $ (1,088 ) $ 1,747 $ 1,938 (1) Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) Recognized in Gain (Loss) Recognized in Earnings on Derivative For the year ended December 31, Income on Derivative 2020 2019 2018 Preferred stock embedded derivative Other non-operating income $ 2,562 $ 17,886 $ (2,576 ) |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Income Taxes [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation | For the years ended December 31, 2020, 2019 and 2018, the reconciliation of income tax attributable to continuing operations for the Company’s TRS computed at the U.S. statutory rate to the income tax provision was as follows (in thousands): 2020 2019 2018 Tax expense at U.S. statutory rates on the Company’s TRS income subject to tax $ 763 $ 1,026 $ 115 Valuation allowance — — 127 TRS income tax provision $ 763 $ 1,026 $ 242 |
Taxability Of Cash Distributions | For income tax purposes, dividends paid to holders of common stock generally consist of ordinary income, return of capital, capital gains, qualified dividends and un-recaptured Section 1250 gains, or a combination thereof. For the years ended December 31, 2020, 2019 and 2018, dividends per share held for the entire year were estimated to be taxable as follows: 2020 2019 2018 Amount Percentage Amount Percentage Amount Percentage Ordinary income $ 4.00 99.98 % $ 3.51 91.39 % $ 3.66 99.26 % Capital gain 0.00 0.02 % 0.21 5.54 % 0.02 0.61 % Un-recaptured Section 1250 gain 0.00 0.00 % 0.12 3.07 % 0.01 0.13 % $ 4.00 100 % $ 3.84 100 % $ 3.69 100 % |
Shareholders' Equity of MAA (Ta
Shareholders' Equity of MAA (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Shareholders Equity Of M A A [Abstract] | |
Schedule of Cumulative Redeemable Preferred Stock | As of December 31, 2020, MAA had one outstanding series of cumulative redeemable preferred stock which has the following characteristics: Description Outstanding Shares Liquidation Preference (1) Optional Redemption Date Redemption Price (2) Stated Dividend Yield Approximate Dividend Rate Series I 867,846 $ 50.00 10/1/2026 $ 50.00 8.50% $ 4.25 (1) The total liquidation preference for the outstanding preferred stock is $43.4 million. (2) The redemption price is the price at which the preferred stock is redeemable, at MAA’s option, for cash. |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Loss Contingency [Abstract] | |
Schedule of Operating Lease Obligations | The table below reconciles undiscounted cash flows for each of the first five years and total of the remaining years to the operating lease obligations recorded on the Consolidated Balance Sheets as of December 31, 2020 (in thousands): Operating Leases 2021 $ 2,863 2022 2,894 2023 2,885 2024 2,862 2025 2,872 Thereafter 62,913 Total minimum lease payments 77,289 Net present value adjustments (45,549 ) Operating lease obligations $ 31,740 |
Segment Information (Tables)
Segment Information (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
Notes To Financial Statements [Abstract] | |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the years ended December 31, 2020, 2019 and 2018 Revenues 2020 2019 2018 Same Store: Rental revenues $ 1,566,079 $ 1,526,101 $ 1,364,744 Reimbursable property revenues — — 91,020 Other property revenues 11,372 12,174 11,696 Total Same Store revenues 1,577,451 1,538,275 1,467,460 Non-Same Store and Other: Rental revenues 100,134 101,503 99,281 Reimbursable property revenues — — 3,744 Other property revenues 399 1,239 861 Total Non-Same Store and Other revenues 100,533 102,742 103,886 Total rental and other property revenues $ 1,677,984 $ 1,641,017 $ 1,571,346 Net Operating Income Same Store NOI $ 979,330 $ 968,190 $ 921,240 Non-Same Store and Other NOI 58,183 59,982 55,518 Total NOI 1,037,513 1,028,172 976,758 Depreciation and amortization (510,842 ) (496,843 ) (489,759 ) Property management expenses (52,300 ) (55,011 ) (47,633 ) General and administrative expenses (46,858 ) (43,845 ) (38,855 ) Merger and integration expenses — — (9,112 ) Interest expense (167,562 ) (179,847 ) (173,594 ) Gain (loss) on sale of depreciable real estate assets 9 80,988 (39 ) Gain on sale of non-depreciable real estate assets 1,024 12,047 4,532 Other non-operating income 4,857 22,999 9,503 Income tax expense (3,327 ) (3,696 ) (2,611 ) Income from real estate joint venture 1,501 1,654 1,832 Net income attributable to noncontrolling interests (9,053 ) (12,807 ) (8,123 ) Dividends to MAA Series I preferred shareholders (3,688 ) (3,688 ) (3,688 ) Net income available for MAA common shareholders $ 251,274 $ 350,123 $ 219,211 |
Assets for Reportable Segment | Assets for each reportable segment as of December 31, 2020 and 2019 were as follows (in thousands): Assets December 31, 2020 December 31, 2019 Same Store $ 9,714,024 $ 9,975,880 Non-Same Store and Other 1,299,862 1,049,029 Corporate assets 180,905 205,541 Total assets $ 11,194,791 $ 11,230,450 |
Real Estate Acquisitions and _2
Real Estate Acquisitions and Dispositions (Tables) | 12 Months Ended |
Dec. 31, 2020 | |
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, 2020: Land Acquisitions Market Acres Date Acquired MAA Windmill Hill Austin, TX 22 January 2020 MAA Central Park Denver, CO 27 November 2020 Novel Val Vista (1) Phoenix, AZ 13 December 2020 (1) The following table reflects the Company’s disposition activity for the year ended December 31, 2020: Land Disposition Market Units Date Sold Colonial Promenade Huntsville, AL 27 September 2020 |
Organization and Summary of S_3
Organization and Summary of Significant Accounting Policies (Textual) (Details) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2020USD ($)PropertyCommunityStateshares | Dec. 31, 2019USD ($)shares | Dec. 31, 2018USD ($) | Dec. 31, 2023Property | Dec. 31, 2022Property | Dec. 31, 2021Property | |
Real Estate Properties [Line Items] | ||||||
General Partners' Capital Account, Units Outstanding | shares | 114,373,727 | 114,246,393 | ||||
Number of Real Estate Properties | Community | 299 | |||||
Development and capital improvements in progress | $ 283,477 | $ 116,424 | ||||
Number of States in which Entity Operates | State | 16 | |||||
Other non-operating expense (income) | $ 4,857 | 22,999 | $ 9,503 | |||
Consolidated assets | 11,194,791 | 11,230,450 | ||||
Consolidated liabilities | 5,090,986 | 4,926,860 | ||||
Advertising expenses | 23,900 | 20,800 | 20,200 | |||
Lease Intangibles, Gross | $ 14,277,902 | 13,864,159 | ||||
Percentage Of Rental Revenue From Leasing Of Apartment Homes | 93.00% | |||||
Percentage Of Reimbursable Revenue From Leasing Of Apartment Homes | 6.00% | |||||
Percentage of Rental Revenue and Other Income From Non-leasing Activities | 1.00% | |||||
Operating Lease, Right-of-Use Asset | $ 49,400 | 53,800 | ||||
Operating Lease, Liability | $ 31,740 | |||||
Operating Lease, Weighted Average Remaining Lease Term | 32 years | |||||
Operating Lease, Weighted Average Discount Rate, Percent | 4.40% | |||||
Accounting Standards Update 2016-02 [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Operating Lease, Liability | $ 31,700 | $ 33,100 | ||||
Operating Lease, Liability, Statement of Financial Position [Extensible List] | maa:AccruedExpensesAndOtherLiabilitiesMember | maa:AccruedExpensesAndOtherLiabilitiesMember | ||||
Accrued Liabilities [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Dividends Payable | $ 121,400 | $ 118,300 | ||||
Accrued Real Estate Taxes | 140,600 | 131,900 | ||||
Unearned Income | 48,800 | 42,000 | ||||
Loss Contingency, Loss in Period | 5,300 | 8,600 | ||||
Security Deposit Liability | 21,600 | 19,400 | ||||
Interest Payable | 24,800 | 21,400 | ||||
Leases, Acquired-in-Place | ||||||
Real Estate Properties [Line Items] | ||||||
Lease Intangibles, Gross | 1,300 | 2,600 | ||||
Parent Company | ||||||
Real Estate Properties [Line Items] | ||||||
Capitalized Development Costs, Period | 12,700 | 6,500 | 4,200 | |||
Real Estate [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Real Estate Investments, Joint Ventures | 19,200 | |||||
Real Estate [Member] | Other Assets [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Real Estate Investments, Joint Ventures | 23,000 | 13,100 | ||||
Real Estate [Member] | Post Massachusetts Avenue [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Real Estate Investments, Joint Ventures | 43,300 | 43,700 | ||||
Real Estate [Member] | Variable Interest Entity Primary Beneficiary [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Consolidated assets | 128,900 | 46,000 | ||||
Consolidated liabilities | $ 8,100 | 3,200 | ||||
General And Administrative Expense [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Other non-operating expense (income) | $ 2,300 | |||||
Other non-operating income | 4,100 | |||||
Minimum [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Percentage of ownership interests of all consolidated subsidiaries (percent) | 80.00% | |||||
Minimum [Member] | Land Improvements And Buildings | ||||||
Real Estate Properties [Line Items] | ||||||
Equipment, Useful Life | 5 years | |||||
Minimum [Member] | Furniture, Fixtures And Equipment | ||||||
Real Estate Properties [Line Items] | ||||||
Equipment, Useful Life | 3 years | |||||
Maximum [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Percentage of ownership interests of all consolidated subsidiaries (percent) | 100.00% | |||||
Maximum [Member] | Accounting Standards Update 2016-02 [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Operating lease, term of contract | 1 year | |||||
Maximum [Member] | Land Improvements And Buildings | ||||||
Real Estate Properties [Line Items] | ||||||
Equipment, Useful Life | 40 years | |||||
Maximum [Member] | Furniture, Fixtures And Equipment | ||||||
Real Estate Properties [Line Items] | ||||||
Equipment, Useful Life | 5 years | |||||
Limited Partner [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
General Partners' Capital Account, Units Outstanding | shares | 114,373,727 | 114,246,393 | ||||
Number of Real Estate Properties | Property | 1 | |||||
Development and capital improvements in progress | $ 283,477 | $ 116,424 | ||||
Other non-operating expense (income) | 4,857 | 22,999 | $ 9,503 | |||
Consolidated assets | 11,194,791 | 11,230,450 | ||||
Consolidated liabilities | 5,091,005 | 4,926,879 | ||||
Lease Intangibles, Gross | $ 14,277,902 | $ 13,864,159 | ||||
Limited Partner [Member] | Minimum [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Percentage of ownership interests of all consolidated subsidiaries (percent) | 80.00% | |||||
Limited Partner [Member] | Maximum [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Percentage of ownership interests of all consolidated subsidiaries (percent) | 100.00% | |||||
Development Properties [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Number of Real Estate Properties | Community | 8 | |||||
Number of units under development community | Property | 2,607 | |||||
Development Properties [Member] | Expected Costs | ||||||
Real Estate Properties [Line Items] | ||||||
Development and capital improvements in progress | $ 595,000 | |||||
Development Properties [Member] | Costs Incurred To Date | ||||||
Real Estate Properties [Line Items] | ||||||
Development and capital improvements in progress | $ 335,600 | |||||
Development Properties [Member] | Scenario Forecast [Member] | ||||||
Real Estate Properties [Line Items] | ||||||
Number of Real Estate Properties | Property | 1 | 2 | 5 | |||
Retail | ||||||
Real Estate Properties [Line Items] | ||||||
Number of Real Estate Properties | Property | 32 | |||||
M A A L P | ||||||
Real Estate Properties [Line Items] | ||||||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 96.60% | 96.60% |
Earnings Per Common Share of _3
Earnings Per Common Share of MAA - Schedule of Computation of Diluted Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | ||
Earnings Per Share Disclosure [Line Items] | ||||
Income from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | $ 264,015 | $ 366,618 | $ 231,022 | |
Income from continuing operations attributable to noncontrolling interests | (9,053) | (12,807) | (8,123) | |
Income from continuing operations allocated to unvested restricted shares | (338) | (519) | (291) | |
Dividends, Preferred Stock, Cash | (3,688) | (3,688) | (3,688) | |
Income from continuing operations available for common shareholders, adjusted | $ 250,936 | $ 349,604 | $ 218,920 | |
Weighted average common shares - basic | 114,188 | 113,854 | 113,638 | |
Earnings per common share - basic | $ 2.20 | $ 3.07 | $ 1.93 | |
Income from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | $ 264,015 | $ 366,618 | $ 231,022 | |
Income from continuing operations attributable to noncontrolling interests | [1] | 9,053 | 12,807 | 8,123 |
Net income available for MAA common shareholders, adjusted | $ 251,274 | $ 350,123 | $ 219,211 | |
Effect of dilutive securities | 312 | 259 | 198 | |
Weighted average common shares - diluted | 114,500 | 114,113 | 113,836 | |
Net income available for MAA common shareholders | $ 2.19 | $ 3.07 | $ 1.93 | |
Limited Partnership Units [Member] | ||||
Earnings Per Share Disclosure [Line Items] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 4,100 | 4,100 | 4,100 | |
[1] |
Earnings Per OP Unit of MAALP -
Earnings Per OP Unit of MAALP - Schedule of Diluted Earnings per Common Unit (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Earnings Per Share Disclosure [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 264,015 | $ 366,618 | $ 231,022 |
Net income attributable to noncontrolling interests | (9,053) | (12,807) | (8,123) |
Dividends, Preferred Stock, Cash | (3,688) | (3,688) | (3,688) |
Income from continuing operations available for common shareholders, adjusted | $ 250,936 | $ 349,604 | $ 218,920 |
Net income available for MAA common shareholders | $ 2.20 | $ 3.07 | $ 1.93 |
Net income available for MAALP common unitholders, adjusted | $ 251,274 | $ 350,123 | $ 219,211 |
Effect of dilutive securities | 312,000 | 259,000 | 198,000 |
Weighted average common shares - diluted | 114,500,000 | 114,113,000 | 113,836,000 |
Earnings per common unit - diluted | $ 2.19 | $ 3.07 | $ 1.93 |
Limited Partner [Member] | |||
Earnings Per Share Disclosure [Line Items] | |||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $ 264,015 | $ 366,618 | $ 231,022 |
Net income attributable to noncontrolling interests | (136) | ||
Income from continuing operations allocated to unvested restricted shares | (338) | (519) | (291) |
Dividends, Preferred Stock, Cash | (3,688) | (3,688) | (3,688) |
Income from continuing operations available for common shareholders, adjusted | $ 259,989 | $ 362,275 | $ 227,043 |
Weighted average common units - basic | 118,248 | 117,944 | 117,777 |
Net income available for MAA common shareholders | $ 2.20 | $ 3.07 | $ 1.93 |
Net income available for MAALP common unitholders, adjusted | $ 260,327 | $ 362,794 | $ 227,334 |
Effect of dilutive securities | 312 | 259 | 198 |
Weighted average common shares - diluted | 118,560 | 118,203 | 117,975 |
Earnings per common unit - diluted | $ 2.20 | $ 3.07 | $ 1.93 |
Stock-Based Compensation - Addi
Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Allocated Share-based Compensation Expense | $ 16 | $ 14.7 | $ 12.9 |
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount | 1.7 | 1 | 0.5 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 14.3 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 9 years 18 months | ||
Employee Service Share-based Compensation, Cash Flow Effect, Cash Used to Settle Awards | $ 5.7 | 3.7 | 2.9 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 13.9 | $ 9.3 | $ 7.6 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | 0 |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period | 0 | 0 | 0 |
Exercise of stock options, Shares | 918 | ||
Minimum [Member] | Risk Free Rate [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Requisite service period | 3 months | ||
Minimum [Member] | Volatility [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Requisite service period | 1 year | ||
Maximum [Member] | Risk Free Rate [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Requisite service period | 3 years | ||
Maximum [Member] | Volatility [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Requisite service period | 3 years | ||
Restricted Stock | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 100.53 | $ 72.98 | $ 71.85 |
Requisite service period | 3 years | 3 years | 3 years |
Restricted Stock | Maximum [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||
Employee Stock Option [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 1 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | 4 years 2 months 12 days | ||
Exercise of stock options, Shares | 918 | 69,852 | 17,823 |
Proceeds from Stock Options Exercised | $ 0.1 | $ 2.9 | $ 0.9 |
Employee Stock Option [Member] | Minimum [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 months 18 days | ||
Employee Stock Option [Member] | Maximum [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 2 years 3 months 18 days | ||
2013 Stock Incentive Plan [Member] | |||
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 2,000,000 |
Stock-Based Compensation Key As
Stock-Based Compensation Key Assumptions for Restricted Stock Grants (Details) - Restricted Stock | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Risk free rate | 1.603% | 2.578% | |
Risk free rate, Minimum | 1.61% | ||
Risk free rate, Maximum | 2.14% | ||
Dividend yield | 3.07% | 4.043% | 3.884% |
Volatility | 17.02% | 18.95% | |
Volatility, Minimum | 15.05% | ||
Volatility, Maximum | 17.18% | ||
Requisite service period | 3 years | 3 years | 3 years |
Stock-Based Compensation Status
Stock-Based Compensation Status of Nonvested Restricted Shares (Details) - Restricted Stock | 12 Months Ended |
Dec. 31, 2020$ / sharesshares | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |
Nonvested as of January 1, 2020 | shares | 233,878 |
Issued | shares | 152,729 |
Vested | shares | (169,198) |
Forfeited | shares | (559) |
Nonvested as of December 31, 2020 | shares | 216,850 |
Nonvested as of January 1, 2020 | $ / shares | $ 96.33 |
Issued | $ / shares | 88.56 |
Vested | $ / shares | 81.69 |
Forfeited | $ / shares | 106.86 |
Nonvested as of December 31, 2020 | $ / shares | $ 102.10 |
Stock-Based Compensation Stat_2
Stock-Based Compensation Status of Outstanding Stock Options (Details) | 12 Months Ended |
Dec. 31, 2020$ / sharesshares | |
Statusof Stock Options [Abstract] | |
Outstanding as of January 1, 2020 | shares | 20,763 |
Exercised | shares | (918) |
Outstanding as of December 31, 2020 | shares | 19,845 |
Outstanding as of January 1, 2020 | $ / shares | $ 77.82 |
Exercised | $ / shares | 77.77 |
Outstanding as of December 31, 2020 | $ / shares | $ 77.83 |
Borrowings - Summary of Outstan
Borrowings - Summary of Outstanding Debt (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Debt Instrument [Line Items] | ||
Total Outstanding Debt | $ 4,562,712 | $ 4,454,598 |
Debt Instrument, Interest Rate, Effective Percentage | 3.60% | |
Fixed Rate Property Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
Contract Maturity | Jan. 12, 2042 | |
Unsecured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total Outstanding Debt | $ 4,077,373 | 3,828,201 |
Debt Instrument, Interest Rate, Effective Percentage | 3.50% | |
Unsecured Debt [Member] | Fixed Rate Debt Senior Notes [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | $ 3,922,000 | 3,472,000 |
Debt Instrument, Interest Rate, Effective Percentage | 3.60% | |
Contract Maturity | Jan. 27, 2027 | |
Unsecured Debt [Member] | Commercial Paper Notes [Member] | Variable Rate Commercial Paper Program [Member] | ||
Debt Instrument [Line Items] | ||
Unsecured Debt | $ 172,000 | 70,000 |
Debt Instrument, Interest Rate, Effective Percentage | 0.30% | |
Contract Maturity | Jan. 7, 2021 | |
Unsecured Debt [Member] | Term Loan [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | 300,000 | |
Unsecured Debt [Member] | $1 billion unsecured revolving credit facility [Member] | Fair Market Value Adjustment and Debt Issuance Cost [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Face Amount | $ (16,627) | (13,799) |
Secured Debt [Member] | ||
Debt Instrument [Line Items] | ||
Total Outstanding Debt | $ 485,339 | 626,397 |
Debt Instrument, Interest Rate, Effective Percentage | 4.60% | |
Secured Debt [Member] | Fair Market Value Adjustment and Debt Issuance Cost [Member] | ||
Debt Instrument [Line Items] | ||
Line of Credit Facility, Amount Outstanding | $ (3,370) | (3,420) |
Secured Debt [Member] | Fixed Rate Property Mortgages [Member] | ||
Debt Instrument [Line Items] | ||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate | $ 488,709 | $ 629,817 |
Debt Instrument, Interest Rate, Effective Percentage | 4.60% |
Borrowings - Additional Informa
Borrowings - Additional Information (Details) | 1 Months Ended | 12 Months Ended | ||
Aug. 31, 2020USD ($) | Jul. 31, 2020USD ($)ApartmentUnit | Dec. 31, 2020USD ($) | Dec. 31, 2019USD ($) | |
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Effective Percentage | 3.60% | |||
Commercial Paper Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Payment Terms | 397 | |||
Debt Instrument, Face Amount | $ 172,000,000 | |||
Maximum [Member] | Commercial Paper Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 500,000,000 | |||
Secured Debt [Member] | Fixed Rate Debt Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Maturity Date | Dec. 31, 2042 | |||
Debt Instrument, Interest Rate, Effective Percentage | 4.60% | |||
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate | $ 488,700,000 | |||
Unsecured Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Interest Rate, Effective Percentage | 3.50% | |||
Unsecured Debt [Member] | Fixed Rate Debt Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Maturity Date | Jan. 27, 2027 | |||
Debt Instrument, Face Amount | $ 3,922,000,000 | $ 3,472,000,000 | ||
Debt Instrument, Interest Rate, Effective Percentage | 3.60% | |||
Unsecured Debt [Member] | Years to Maturity [Member] | Fixed Rate Debt Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Term | 6 years 1 month 6 days | |||
Unsecured Debt [Member] | Minimum [Member] | Fixed Rate Debt Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Term | 10 years | |||
Unsecured Debt [Member] | Maximum [Member] | Fixed Rate Debt Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Term | 12 years | |||
Unsecured Debt [Member] | $1 Billion Unsecured Revolving Credit Faciltiy [Member] | ||||
Debt Instrument [Line Items] | ||||
Line of Credit Facility, Current Borrowing Capacity | $ 1,000,000,000 | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1,500,000,000 | |||
Debt Instrument, Maturity Date | May 31, 2023 | |||
Line of Credit Facility, Amount Outstanding | $ 0 | |||
Letters of Credit Outstanding, Amount | $ 3,400,000 | |||
Unsecured Debt [Member] | $1 Billion Unsecured Revolving Credit Faciltiy [Member] | Minimum [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Basis Spread on Variable Rate | 0.75% | |||
Unsecured Debt [Member] | $1 Billion Unsecured Revolving Credit Faciltiy [Member] | Maximum [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Basis Spread on Variable Rate | 1.45% | |||
Unsecured Debt [Member] | Public Income Notes [Member] | Fixed Rate Debt Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 3,700,000,000 | |||
Unsecured Debt [Member] | Private Placement [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | 222,000,000 | |||
Unsecured Debt [Member] | Private Placement [Member] | Fixed Rate Debt Senior Notes [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Face Amount | $ 222,000,000 | |||
Unsecured Debt [Member] | 1.700% Notes Due 2031 [Member] | ||||
Debt Instrument [Line Items] | ||||
Debt Instrument, Payment Terms | Interest on the 2031 Notes is payable on February 15 and August 15 of each year, beginning on February 15, 2021. | |||
Debt Instrument, Face Amount | $ 450,000,000 | |||
Debt Instrument, Interest Rate, Stated Percentage | 1.70% | |||
Debt Instrument, Interest Rate, Effective Percentage | 1.76% | |||
Debt Instrument, Redemption Price, Percentage | 99.465% | |||
Debt Issuance Costs, Gross | $ 5,300,000 | |||
Proceeds from Debt, Net of Issuance Costs | 444,700,000 | |||
Unsecured Debt [Member] | Wells Fargo Term Loan [Member] | ||||
Debt Instrument [Line Items] | ||||
Repayments of Unsecured Debt | $ 300,000,000 | |||
Maturing July 2020, Three Property Mortgage [Member] | Secured Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Repayments of Secured Debt | $ 63,600,000 | |||
Number of Apartment Communities | ApartmentUnit | 3 | |||
Maturing July 2020, Four Property Mortgage [Member] | Secured Debt [Member] | ||||
Debt Instrument [Line Items] | ||||
Repayments of Secured Debt | $ 72,200,000 | |||
Number of Apartment Communities | ApartmentUnit | 4 |
Borrowings (Scheduled Principal
Borrowings (Scheduled Principal Repayments on Borrowings) (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Debt Instrument [Line Items] | ||
2021 | $ 363,505 | |
2022 | 366,144 | |
2023 | 360,392 | |
2024 | 417,172 | |
2025 | 403,018 | |
Thereafter | 2,652,481 | |
Total Outstanding Debt | 4,562,712 | $ 4,454,598 |
Maturities | ||
Debt Instrument [Line Items] | ||
2021 | 363,578 | |
2022 | 367,000 | |
2023 | 362,250 | |
2024 | 420,000 | |
2025 | 406,588 | |
Thereafter | 2,663,293 | |
Total Outstanding Debt | 4,582,709 | |
Amortization Other [Member] | ||
Debt Instrument [Line Items] | ||
2021 | (73) | |
2022 | (856) | |
2023 | (1,858) | |
2024 | (2,828) | |
2025 | (3,570) | |
Thereafter | (10,812) | |
Total Outstanding Debt | $ (19,997) |
Financial Instruments and Der_3
Financial Instruments and Derivatives - Additional Information (Details) $ / shares in Units, $ in Millions | 12 Months Ended | |
Dec. 31, 2020USD ($)Contract$ / shares | Dec. 31, 2019USD ($) | |
Derivative [Line Items] | ||
Preferred Stock Redemption Price Per Share | $ / shares | $ 50 | |
Preferred Stock, Redemption Date | Oct. 1, 2026 | |
Designated as Hedging Instrument | Interest Expense | ||
Derivative [Line Items] | ||
Change in fair value of interest rate derivatives included in AOCI and expected to be reclassified in the next 12 months | $ 1.1 | |
Designated as Hedging Instrument | Interest Rate Swap [Member] | ||
Derivative [Line Items] | ||
Derivative, Number of Instruments Held | Contract | 0 | |
Fair Value, Measurements, Recurring [Member] | ||
Derivative [Line Items] | ||
Embedded Derivative, Fair Value of Embedded Derivative Asset | $ 39 | $ 36.5 |
Fair Value, Measurements, Recurring [Member] | Other Assets [Member] | ||
Derivative [Line Items] | ||
Interest Rate Derivative Assets, at Fair Value | 0.1 | |
Conventional Variable Rate Debt [Member] | Maximum [Member] | ||
Derivative [Line Items] | ||
Debt Renewal Period | 30 days | |
Fixed Rate Debt [Member] | ||
Derivative [Line Items] | ||
Notes Payable Excluding Interest Rate Swaps and Cap Agreements | $ 4,400 | 4,100 |
Notes Payable, Fair Value Disclosure | 4,900 | 4,500 |
Floating Rate Debt [Member] | ||
Derivative [Line Items] | ||
Notes Payable Excluding Interest Rate Swaps and Cap Agreements | 172 | 370 |
Notes Payable, Fair Value Disclosure | $ 172 | $ 370 |
Financial Instruments and Der_4
Financial Instruments and Derivatives - Effect of Derivative Instruments on Consolidated Statement of Operations (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Derivative [Line Items] | |||
Unrealized (loss) gain from the effective portion of derivative instruments | $ (11,676) | $ (751) | |
Derivative Instruments, (Loss) Gain Recognized in Income, Net | $ 2,562 | 17,886 | (2,576) |
Designated as Hedging Instrument | Interest Expense | |||
Derivative [Line Items] | |||
Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) | (1,088) | 1,747 | 1,938 |
Designated as Hedging Instrument | Interest Rate Contract | |||
Derivative [Line Items] | |||
Unrealized (loss) gain from the effective portion of derivative instruments | (11,676) | (751) | |
Not Designated as Hedging Instrument | Interest Expense | |||
Derivative [Line Items] | |||
Derivative Instruments, (Loss) Gain Recognized in Income, Net | $ 2,562 | $ 17,886 | $ (2,576) |
Income Taxes Reconciliation of
Income Taxes Reconciliation of Income Tax Attributable to Continuing Operations (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Investments Owned Federal Income Tax Note [Line Items] | |||
Income tax expense/(benefit) | $ 3,327 | $ 3,696 | $ 2,611 |
Subsidiary of Common Parent | |||
Investments Owned Federal Income Tax Note [Line Items] | |||
Tax expense at U.S. statutory rates on the Company’s TRS income subject to tax | 763 | 1,026 | 115 |
Valuation Allowance Change in Amount | 127 | ||
Income tax expense/(benefit) | $ 763 | $ 1,026 | $ 242 |
Income Taxes (Textual) (Details
Income Taxes (Textual) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Income Taxes Additional Information [Abstract] | |||
Income tax expense | $ 3.3 | $ 3.7 | $ 2.6 |
Operating Loss Carryforwards | $ 62 |
Income Taxes (Taxability of Cas
Income Taxes (Taxability of Cash Distributions Paid on Common Shares) (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Taxability Of Cash Distributions Paid On Common Shares [Abstract] | |||
Ordinary income (dollars per share) | $ 4 | $ 3.51 | $ 3.66 |
Return of capital (dollars per share) | 0 | 0.21 | 0.02 |
Un-recaptured Section 1250 gain dividends per share | 0 | 0.12 | 0.01 |
Total (dollars per share) | $ 4 | $ 3.84 | $ 3.69 |
Ordinary income (percentage per share) | 99.98% | 91.39% | 99.26% |
Return of capital (percentage per share) | 0.02% | 5.54% | 0.61% |
Un-recaptured Section 1250 gain dividends per share percentage | 0.00% | 3.07% | 0.13% |
Total (percentage per share) | 100.00% | 100.00% | 100.00% |
Shareholders' Equity of MAA - A
Shareholders' Equity of MAA - Additional Information (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Equity [Line Items] | |||
Common stock, shares outstanding | 114,373,727 | 114,246,393 | |
Total common shares and operating partnership units outstanding | 118,431,384 | 118,313,567 | |
Common stock, shares authorized | 145,000,000 | 145,000,000 | |
At The Market Offering | |||
Equity [Line Items] | |||
Common stock shares sold | 146,301 | ||
Net proceeds from share issued | $ 19,600,000 | ||
Remaining common stock to sale | 3,900,000 | ||
Maximum [Member] | At The Market Offering | |||
Equity [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 4,000,000 | ||
Dividend And Distribution Reinvestment And Share Purchase Plan | |||
Equity [Line Items] | |||
Common stock issued for shareholders to reinvest distributions (shares) | 8,259 | 16,219 | 9,721 |
Dividend And Distribution Reinvestment And Share Purchase Plan | Minimum [Member] | |||
Equity [Line Items] | |||
Optional cash investments in common shares | $ 250 | ||
Dividend And Distribution Reinvestment And Share Purchase Plan | Maximum [Member] | |||
Equity [Line Items] | |||
Optional cash investments in common shares | $ 5,000 | ||
Common stock, shares authorized | 1,940,500 | ||
Discount rate on sale of common stock (percent) | 5.00% | ||
Noncontrolling Interest | |||
Equity [Line Items] | |||
Common Shares Issuable Upon Conversion Of Convertible Stock | 4,057,657 | 4,067,174 |
Shareholders' Equity of MAA - S
Shareholders' Equity of MAA - Schedule of Cumulative Redeemable Preferred Stock (Details) - $ / shares | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Equity [Line Items] | ||
Preferred Stock, Shares Outstanding | 867,846 | 867,846 |
Preferred Stock, Liquidation Preference Per Share | $ 50 | $ 50 |
Preferred Stock, Redemption Date | Oct. 1, 2026 | |
Preferred Stock Redemption Price Per Share | $ 50 | |
Preferred Stock, Dividend Rate, Percentage | 8.50% | 8.50% |
Preferred Stock, Dividend Rate, Per-Dollar-Amount | $ 4.25 | |
Redeemable Preferred Stock [Member] | ||
Equity [Line Items] | ||
Preferred Stock, Shares Outstanding | 867,846 |
Shareholders' Equity of MAA -_2
Shareholders' Equity of MAA - Schedule of Cumulative Redeemable Preferred Stock (Parenthetical) (Details) $ in Millions | Dec. 31, 2020USD ($) |
M A A Equity [Abstract] | |
Preferred Stock, Liquidation Preference, Value | $ 43.4 |
Partners' Capital of MAALP - Ad
Partners' Capital of MAALP - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Schedule Of Capital Structure [Line Items] | ||
Operating partnership units outstanding | 118,431,384 | 118,313,567 |
General Partners' Capital Account, Units Outstanding | 114,373,727 | 114,246,393 |
Limited Partners' Capital Account, Units Outstanding | 4,057,657 | 4,067,174 |
Preferred Stock, Shares Outstanding | 867,846 | 867,846 |
Redeemable Preferred Stock [Member] | ||
Schedule Of Capital Structure [Line Items] | ||
Preferred Stock, Shares Outstanding | 867,846 | |
Noncontrolling Interest | ||
Schedule Of Capital Structure [Line Items] | ||
Common Shares Issuable Upon Conversion Of Convertible Stock | 4,057,657 | 4,067,174 |
Limited Partners' Capital Account | $ 514.1 | $ 536.3 |
Redeemable Capital Shares Par Or Stated Value Per Share | $ 126.69 | $ 131.86 |
M A A L P | ||
Schedule Of Capital Structure [Line Items] | ||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 96.60% | 96.60% |
Employee Benefit Plans (Details
Employee Benefit Plans (Details) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2020USD ($)Installment$ / sharesshares | Dec. 31, 2019USD ($)$ / sharesshares | Dec. 31, 2018USD ($)$ / sharesshares | |
Defined Benefit Plan Disclosure [Line Items] | |||
Employer contribution for defined contribution plan | $ 3.9 | $ 3.5 | $ 3.2 |
Employee Stock Ownership Plan, common stock, fair value | $ 16.6 | ||
Employee Stock Ownership Plan, common stock, shares outstanding (shares) | shares | 130,664 | ||
Nonqualified Deferred Compensation Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Deferred compensation expense | $ 0.4 | $ 0.3 | $ 0.3 |
Number of annual installments of deferred compensation (installment) | Installment | 2 | ||
Number of days after departure from board of directors for payment of deferred compensation (days) | 90 days | ||
Outside Directors | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Number of deferred common stock (shares) | shares | 10,593 | 10,738 | 12,240 |
Vested | $ / shares | $ 111.19 | $ 117.73 | $ 92.63 |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Loss Contingencies [Line Items] | ||
Loss Contingency Accrual | $ 5.3 | $ 8.6 |
Cleven Litigation Case [Member] | ||
Loss Contingencies [Line Items] | ||
Loss Contingency, Estimate of Possible Loss | 54.6 | |
Brown Litigation Case [Member] | ||
Loss Contingencies [Line Items] | ||
Loss Contingency, Estimate of Possible Loss | $ 8.4 | |
Apartment Communities [Member] | ||
Loss Contingencies [Line Items] | ||
Lease expiration year | 2074 | |
Office Lease [Member] | ||
Loss Contingencies [Line Items] | ||
Lease expiration year | 2028 |
Commitments and Contingencies_2
Commitments and Contingencies - Schedule of Operating Lease Obligations (Details) $ in Thousands | Dec. 31, 2020USD ($) |
Loss Contingency [Abstract] | |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $ 2,863 |
Operating Leases, Future Minimum Payments, Due in Two Years | 2,894 |
Operating Leases, Future Minimum Payments, Due in Three Years | 2,885 |
Operating Leases, Future Minimum Payments, Due in Four Years | 2,862 |
Operating Leases, Future Minimum Payments, Due in Five Years | 2,872 |
Operating Leases, Future Minimum Payments, Due Thereafter | 62,913 |
Operating Leases, Future Minimum Payments Due | 77,289 |
Net present value adjustments | (45,549) |
Operating Lease, Liability | $ 31,740 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Related Party Transactions [Abstract] | ||
Due to general partner | $ 19,000 | $ 19,000 |
Segment Information - Additiona
Segment Information - Additional Information (Details) | 12 Months Ended |
Dec. 31, 2020CommunityStateSegment | |
Segment Reporting Information [Line Items] | |
Number of owned or owned interests of apartment communities | Community | 299 |
Number of States in which Entity Operates | State | 16 |
Number of reportable segments | Segment | 2 |
Period properties owned and stabilized | 12 months |
Occupancy Level for Stabilized Communities | 90.00% |
Period Properties Stabilized | 90 days |
Same Store [Member] | |
Segment Reporting Information [Line Items] | |
Period properties owned and stabilized | 12 months |
Segment Information - Revenues
Segment Information - Revenues and NOI for Reportable Segment (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Segment Information | |||
Total operating revenues | $ 1,677,984 | $ 1,641,017 | $ 1,571,346 |
Rental and other property revenues | 1,677,984 | 1,641,017 | 1,571,346 |
Net Operating Income | 1,037,513 | 1,028,172 | 976,758 |
Depreciation and amortization | (510,842) | (496,843) | (489,759) |
Other Cost and Expense, Operating | (52,300) | (55,011) | (47,633) |
General and administrative expenses | (46,858) | (43,845) | (38,855) |
Business Combination, Merger and Integration Related Expenses | 0 | 0 | (9,112) |
Interest expense | (167,562) | (179,847) | (173,594) |
Gain (loss) on sale of depreciable real estate assets | 9 | 80,988 | (39) |
Gain on sale of non-depreciable real estate assets | 1,024 | 12,047 | 4,532 |
Other non-operating expense (income) | 4,857 | 22,999 | 9,503 |
Income tax expense | (3,327) | (3,696) | (2,611) |
Gain (loss) from real estate joint ventures | 1,501 | 1,654 | 1,832 |
Net income attributable to noncontrolling interests | (9,053) | (12,807) | (8,123) |
Preferred Stock Dividends, Income Statement Impact | (3,688) | (3,688) | (3,688) |
Net income available for MAA common shareholders | 251,274 | 350,123 | 219,211 |
Same Store [Member] | |||
Segment Information | |||
Revenue from Contract with Customer, Including Assessed Tax | 1,566,079 | 1,526,101 | 1,364,744 |
Property Management Fee Revenue | 91,020 | ||
Other Operating Income | 11,372 | 12,174 | 11,696 |
Total operating revenues | 1,577,451 | 1,538,275 | 1,467,460 |
Rental and other property revenues | 1,577,451 | 1,538,275 | 1,467,460 |
Net Operating Income | 979,330 | 968,190 | 921,240 |
Non-Same Store and Other | |||
Segment Information | |||
Revenue from Contract with Customer, Including Assessed Tax | 100,134 | 101,503 | 99,281 |
Property Management Fee Revenue | 3,744 | ||
Other Operating Income | 399 | 1,239 | 861 |
Total operating revenues | 100,533 | 102,742 | 103,886 |
Rental and other property revenues | 100,533 | 102,742 | 103,886 |
Net Operating Income | $ 58,183 | $ 59,982 | $ 55,518 |
Segment Information - Assets fo
Segment Information - Assets for Reportable Segment (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 |
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | $ 11,194,791 | $ 11,230,450 |
Same Store [Member] | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | 9,714,024 | 9,975,880 |
Non-Same Store and Other | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | 1,299,862 | 1,049,029 |
Corporate Segment | ||
Segment Reporting Asset Reconciling Item [Line Items] | ||
Total assets | $ 180,905 | $ 205,541 |
Real Estate Acquisitions and _3
Real Estate Acquisitions and Dispositions - Schedule of Real Estate Asset Acquisitions and Dispositions (Details) - Land | 12 Months Ended | |
Dec. 31, 2020aApartmentUnit | ||
Huntsville, AL [Member] | Colonial Promenade [Member] | ||
Business Acquisitions and Dispositions [Line Items] | ||
Number of Units in Real Estate Property | ApartmentUnit | 27 | |
Disposal Date | September 2020 | |
MAA Windmill Hill [Member] | Austin TX [Member] | ||
Business Acquisitions and Dispositions [Line Items] | ||
Area of Land | 22 | |
Acquisition Date | 2020-01 | |
Novel Val Vista [Member] | Phoenix, AZ [Member] | ||
Business Acquisitions and Dispositions [Line Items] | ||
Area of Land | 13 | [1] |
Acquisition Date | 2020-12 | [1] |
MAA Central Park [Member] | Denver CO [Member] | ||
Business Acquisitions and Dispositions [Line Items] | ||
Area of Land | 27 | |
Acquisition Date | 2020-11 | |
[1] |
Real Estate Acquisitions and _4
Real Estate Acquisitions and Dispositions - Schedule of Real Estate Asset Acquisitions and Dispositions (Parenthetical) (Details) | Dec. 31, 2020 |
Novel Val Vista [Member] | |
Business Acquisitions and Dispositions [Line Items] | |
Joint venture interest | 80.00% |
Subsequent Events - Additional
Subsequent Events - Additional Information (Details) - Eight Property Mortgage [Member] - Secured Debt [Member] $ in Millions | Feb. 10, 2021USD ($)ApartmentUnit |
Debt Instrument [Line Items] | |
Repayments of Secured Debt | $ | $ 118.6 |
Number of Apartment Communities | ApartmentUnit | 8 |
Schedule III Real Estate and _2
Schedule III Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Total Real Estate Assets, net of Real Estate Joint Venture | |||
Encumbrances | $ 6,588 | |||
Initial Cost Land | 1,960,547 | |||
Initial Cost Buildings and Fixtures | 10,112,798 | |||
Gross Amount, Land | 1,990,174 | |||
Gross Amount, Buildings and Fixtures | 12,348,721 | |||
Total | 14,338,895 | $ 13,898,707 | $ 13,656,807 | $ 13,292,039 |
Accumulated Depreciation | (3,415,105) | $ (2,955,253) | $ (2,549,287) | $ (2,075,071) |
Net | 10,923,790 | |||
Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 29,627 | |||
Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 2,235,923 | |||
Total Residential Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Encumbrances | 6,588 | |||
Initial Cost Land | 1,820,908 | |||
Initial Cost Buildings and Fixtures | 9,941,939 | |||
Gross Amount, Land | 1,826,125 | |||
Gross Amount, Buildings and Fixtures | 11,823,840 | |||
Total | 13,649,965 | |||
Accumulated Depreciation | (3,360,649) | |||
Net | 10,289,316 | |||
Total Residential Properties | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 5,217 | |||
Total Residential Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 1,881,901 | |||
Total Properties In Predevelopment | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Gross Amount, Land | 12,572 | |||
Gross Amount, Buildings and Fixtures | 2,396 | |||
Total | 14,968 | |||
Accumulated Depreciation | (58) | |||
Net | 14,910 | |||
Total Properties In Predevelopment | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 12,572 | |||
Total Properties In Predevelopment | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,396 | |||
Wholly Owned Properties - Residential | Birchall At Ross Bridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Birmingham, AL | |||
Initial Cost Land | $ 2,640 | |||
Initial Cost Buildings and Fixtures | 28,842 | |||
Gross Amount, Land | 2,640 | |||
Gross Amount, Buildings and Fixtures | 31,562 | |||
Total | 34,202 | |||
Accumulated Depreciation | (10,147) | |||
Net | $ 24,055 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Birchall At Ross Bridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,720 | |||
Wholly Owned Properties - Residential | Colonial Grand At Riverchase Trails | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Birmingham, AL | |||
Initial Cost Land | $ 3,761 | |||
Initial Cost Buildings and Fixtures | 22,079 | |||
Gross Amount, Land | 3,761 | |||
Gross Amount, Buildings and Fixtures | 27,670 | |||
Total | 31,431 | |||
Accumulated Depreciation | (9,480) | |||
Net | $ 21,951 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Riverchase Trails | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,591 | |||
Wholly Owned Properties - Residential | Colonial Village At Trussville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Birmingham, AL | |||
Initial Cost Land | $ 3,402 | |||
Initial Cost Buildings and Fixtures | 31,813 | |||
Gross Amount, Land | 3,402 | |||
Gross Amount, Buildings and Fixtures | 35,684 | |||
Total | 39,086 | |||
Accumulated Depreciation | (11,493) | |||
Net | $ 27,593 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Trussville | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Colonial Village At Trussville | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Colonial Village At Trussville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,871 | |||
Wholly Owned Properties - Residential | Eagle Ridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Birmingham, AL | |||
Initial Cost Land | $ 851 | |||
Initial Cost Buildings and Fixtures | 7,667 | |||
Gross Amount, Land | 851 | |||
Gross Amount, Buildings and Fixtures | 12,140 | |||
Total | 12,991 | |||
Accumulated Depreciation | (8,352) | |||
Net | $ 4,639 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Eagle Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,473 | |||
Wholly Owned Properties - Residential | Colonial Grand At Traditions | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gulf Shores, AL | |||
Initial Cost Land | $ 3,211 | |||
Initial Cost Buildings and Fixtures | 25,162 | |||
Gross Amount, Land | 3,211 | |||
Gross Amount, Buildings and Fixtures | 28,896 | |||
Total | 32,107 | |||
Accumulated Depreciation | (9,766) | |||
Net | $ 22,341 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Traditions | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,734 | |||
Wholly Owned Properties - Residential | Colonial Grand At Edgewater | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntsville, AL | |||
Initial Cost Land | $ 4,943 | |||
Initial Cost Buildings and Fixtures | 38,673 | |||
Gross Amount, Land | 4,943 | |||
Gross Amount, Buildings and Fixtures | 46,319 | |||
Total | 51,262 | |||
Accumulated Depreciation | (13,207) | |||
Net | $ 38,055 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1990 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Edgewater | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,646 | |||
Wholly Owned Properties - Residential | Paddock Clubat Providence | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntsville, AL | |||
Initial Cost Land | $ 909 | |||
Initial Cost Buildings and Fixtures | 10,152 | |||
Gross Amount, Land | 1,739 | |||
Gross Amount, Buildings and Fixtures | 24,571 | |||
Total | 26,310 | |||
Accumulated Depreciation | (15,550) | |||
Net | $ 10,760 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Clubat Providence | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 830 | |||
Wholly Owned Properties - Residential | Paddock Clubat Providence | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 14,419 | |||
Wholly Owned Properties - Residential | Colonial Grand At Madison | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Madison, AL | |||
Initial Cost Land | $ 3,601 | |||
Initial Cost Buildings and Fixtures | 28,934 | |||
Gross Amount, Land | 3,601 | |||
Gross Amount, Buildings and Fixtures | 31,041 | |||
Total | 34,642 | |||
Accumulated Depreciation | (10,251) | |||
Net | $ 24,391 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Madison | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,107 | |||
Wholly Owned Properties - Residential | Cypress Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orange Beach, AL | |||
Initial Cost Land | $ 1,290 | |||
Initial Cost Buildings and Fixtures | 12,238 | |||
Gross Amount, Land | 1,290 | |||
Gross Amount, Buildings and Fixtures | 14,674 | |||
Total | 15,964 | |||
Accumulated Depreciation | (4,390) | |||
Net | $ 11,574 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Cypress Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,436 | |||
Wholly Owned Properties - Residential | Colonial Grand At Liberty Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Vestavia Hills, AL | |||
Initial Cost Land | $ 3,922 | |||
Initial Cost Buildings and Fixtures | 30,977 | |||
Gross Amount, Land | 3,922 | |||
Gross Amount, Buildings and Fixtures | 37,998 | |||
Total | 41,920 | |||
Accumulated Depreciation | (12,569) | |||
Net | $ 29,351 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Liberty Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,021 | |||
Wholly Owned Properties - Residential | Sky View Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gilbert, AZ | |||
Initial Cost Land | $ 2,668 | |||
Initial Cost Buildings and Fixtures | 14,577 | |||
Gross Amount, Land | 2,668 | |||
Gross Amount, Buildings and Fixtures | 17,524 | |||
Total | 20,192 | |||
Accumulated Depreciation | (7,180) | |||
Net | $ 13,012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Sky View Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,947 | |||
Wholly Owned Properties - Residential | Colonial Grand At Inverness Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Mesa, AZ | |||
Initial Cost Land | $ 4,219 | |||
Initial Cost Buildings and Fixtures | 26,255 | |||
Gross Amount, Land | 4,219 | |||
Gross Amount, Buildings and Fixtures | 29,667 | |||
Total | 33,886 | |||
Accumulated Depreciation | (8,961) | |||
Net | $ 24,925 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Inverness Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,412 | |||
Wholly Owned Properties - Residential | Edge At Lyons Gate | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 7,901 | |||
Initial Cost Buildings and Fixtures | 27,182 | |||
Gross Amount, Land | 7,901 | |||
Gross Amount, Buildings and Fixtures | 30,231 | |||
Total | 38,132 | |||
Accumulated Depreciation | (13,033) | |||
Net | $ 25,099 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | Edge At Lyons Gate | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,049 | |||
Wholly Owned Properties - Residential | Residencesat Fountainhead | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 12,212 | |||
Initial Cost Buildings and Fixtures | 56,705 | |||
Gross Amount, Land | 12,212 | |||
Gross Amount, Buildings and Fixtures | 58,754 | |||
Total | 70,966 | |||
Accumulated Depreciation | (8,281) | |||
Net | $ 62,685 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Residencesat Fountainhead | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,049 | |||
Wholly Owned Properties - Residential | Talus Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 12,741 | |||
Initial Cost Buildings and Fixtures | 47,701 | |||
Gross Amount, Land | 12,741 | |||
Gross Amount, Buildings and Fixtures | 52,824 | |||
Total | 65,565 | |||
Accumulated Depreciation | (24,977) | |||
Net | $ 40,588 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Talus Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,123 | |||
Wholly Owned Properties - Residential | Colonial Grandat Old Town Scottsdale | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Scottsdale, AZ | |||
Initial Cost Land | $ 7,820 | |||
Initial Cost Buildings and Fixtures | 51,627 | |||
Gross Amount, Land | 7,820 | |||
Gross Amount, Buildings and Fixtures | 57,391 | |||
Total | 65,211 | |||
Accumulated Depreciation | (17,704) | |||
Net | $ 47,507 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grandat Old Town Scottsdale | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Colonial Grandat Old Town Scottsdale | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Colonial Grandat Old Town Scottsdale | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,764 | |||
Wholly Owned Properties - Residential | Colonial Grand At Scottsdale | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Scottsdale, AZ | |||
Initial Cost Land | $ 3,612 | |||
Initial Cost Buildings and Fixtures | 20,273 | |||
Gross Amount, Land | 3,612 | |||
Gross Amount, Buildings and Fixtures | 22,997 | |||
Total | 26,609 | |||
Accumulated Depreciation | (7,312) | |||
Net | $ 19,297 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Scottsdale | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
Wholly Owned Properties - Residential | Colonial Grand At Scottsdale | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,724 | |||
Wholly Owned Properties - Residential | Sky Song | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Scottsdale, AZ | |||
Initial Cost Buildings and Fixtures | $ 55,748 | |||
Gross Amount, Buildings and Fixtures | 58,633 | |||
Total | 58,633 | |||
Accumulated Depreciation | (8,802) | |||
Net | $ 49,831 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Sky Song | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,885 | |||
Wholly Owned Properties - Residential | Post River North [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Denver, CO | |||
Initial Cost Land | $ 14,500 | |||
Initial Cost Buildings and Fixtures | 28,900 | |||
Gross Amount, Land | 14,500 | |||
Gross Amount, Buildings and Fixtures | 69,524 | |||
Total | 84,024 | |||
Accumulated Depreciation | (7,424) | |||
Net | $ 76,600 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2018 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post River North [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 40,624 | |||
Wholly Owned Properties - Residential | Sync36 I | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Denver, CO | |||
Initial Cost Land | $ 18,887 | |||
Initial Cost Buildings and Fixtures | 81,317 | |||
Gross Amount, Land | 19,021 | |||
Gross Amount, Buildings and Fixtures | 86,601 | |||
Total | 105,622 | |||
Accumulated Depreciation | (6,805) | |||
Net | $ 98,817 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Wholly Owned Properties - Residential | Sync36 I | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 134 | |||
Wholly Owned Properties - Residential | Sync36 I | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,284 | |||
Wholly Owned Properties - Residential | Sync36 I I | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Denver, CO | |||
Initial Cost Land | $ 5,090 | |||
Gross Amount, Land | 5,090 | |||
Gross Amount, Buildings and Fixtures | 16,828 | |||
Total | 21,918 | |||
Accumulated Depreciation | (1,145) | |||
Net | $ 20,773 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2019 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Wholly Owned Properties - Residential | Sync36 I I | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 16,828 | |||
Wholly Owned Properties - Residential | Tiffany Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Altamonte Springs, FL | |||
Initial Cost Land | $ 1,024 | |||
Initial Cost Buildings and Fixtures | 9,219 | |||
Gross Amount, Land | 1,024 | |||
Gross Amount, Buildings and Fixtures | 14,663 | |||
Total | 15,687 | |||
Accumulated Depreciation | (10,831) | |||
Net | $ 4,856 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Tiffany Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,444 | |||
Wholly Owned Properties - Residential | Colonial Grand At Lakewood Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Bradenton, FL | |||
Initial Cost Land | $ 2,980 | |||
Initial Cost Buildings and Fixtures | 40,230 | |||
Gross Amount, Land | 2,980 | |||
Gross Amount, Buildings and Fixtures | 45,592 | |||
Total | 48,572 | |||
Accumulated Depreciation | (13,905) | |||
Net | $ 34,667 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Lakewood Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,362 | |||
Wholly Owned Properties - Residential | Indigo Point | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Brandon, FL | |||
Initial Cost Land | $ 1,167 | |||
Initial Cost Buildings and Fixtures | 10,500 | |||
Gross Amount, Land | 1,167 | |||
Gross Amount, Buildings and Fixtures | 14,405 | |||
Total | 15,572 | |||
Accumulated Depreciation | (9,584) | |||
Net | $ 5,988 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2000 | |||
Wholly Owned Properties - Residential | Indigo Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,905 | |||
Wholly Owned Properties - Residential | Paddock Club Brandon | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Brandon, FL | |||
Initial Cost Land | $ 2,896 | |||
Initial Cost Buildings and Fixtures | 26,111 | |||
Gross Amount, Land | 2,896 | |||
Gross Amount, Buildings and Fixtures | 33,050 | |||
Total | 35,946 | |||
Accumulated Depreciation | (22,893) | |||
Net | $ 13,053 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Club Brandon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,939 | |||
Wholly Owned Properties - Residential | Preserve At Coral Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Coral Springs, FL | |||
Initial Cost Land | $ 9,600 | |||
Initial Cost Buildings and Fixtures | 40,004 | |||
Gross Amount, Land | 9,600 | |||
Gross Amount, Buildings and Fixtures | 53,366 | |||
Total | 62,966 | |||
Accumulated Depreciation | (28,019) | |||
Net | $ 34,947 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | Preserve At Coral Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13,362 | |||
Wholly Owned Properties - Residential | Paddock Club Gainesville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gainesville, FL | |||
Initial Cost Land | $ 1,800 | |||
Initial Cost Buildings and Fixtures | 15,879 | |||
Gross Amount, Land | 1,800 | |||
Gross Amount, Buildings and Fixtures | 20,785 | |||
Total | 22,585 | |||
Accumulated Depreciation | (11,415) | |||
Net | $ 11,170 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Paddock Club Gainesville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,906 | |||
Wholly Owned Properties - Residential | Retreat At Magnolia Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gainesville, FL | |||
Initial Cost Land | $ 2,040 | |||
Initial Cost Buildings and Fixtures | 16,338 | |||
Gross Amount, Land | 2,040 | |||
Gross Amount, Buildings and Fixtures | 17,696 | |||
Total | 19,736 | |||
Accumulated Depreciation | (5,871) | |||
Net | $ 13,865 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Retreat At Magnolia Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,358 | |||
Wholly Owned Properties - Residential | Colonial Grand At Heathrow | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Heathrow, FL | |||
Initial Cost Land | $ 4,101 | |||
Initial Cost Buildings and Fixtures | 35,684 | |||
Gross Amount, Land | 4,101 | |||
Gross Amount, Buildings and Fixtures | 40,159 | |||
Total | 44,260 | |||
Accumulated Depreciation | (12,877) | |||
Net | $ 31,383 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Heathrow | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,475 | |||
Wholly Owned Properties - Residential | A220 Riverside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 2,381 | |||
Initial Cost Buildings and Fixtures | 35,514 | |||
Gross Amount, Land | 2,381 | |||
Gross Amount, Buildings and Fixtures | 43,851 | |||
Total | 46,232 | |||
Accumulated Depreciation | (5,915) | |||
Net | $ 40,317 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | A220 Riverside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,337 | |||
Wholly Owned Properties - Residential | Atlantic Crossing | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 4,000 | |||
Initial Cost Buildings and Fixtures | 19,495 | |||
Gross Amount, Land | 4,000 | |||
Gross Amount, Buildings and Fixtures | 21,863 | |||
Total | 25,863 | |||
Accumulated Depreciation | (7,382) | |||
Net | $ 18,481 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Atlantic Crossing | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,368 | |||
Wholly Owned Properties - Residential | Coopers Hawk | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 854 | |||
Initial Cost Buildings and Fixtures | 7,500 | |||
Gross Amount, Land | 854 | |||
Gross Amount, Buildings and Fixtures | 11,242 | |||
Total | 12,096 | |||
Accumulated Depreciation | (8,695) | |||
Net | $ 3,401 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Coopers Hawk | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,742 | |||
Wholly Owned Properties - Residential | Hunters Ridge At Deerwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 1,533 | |||
Initial Cost Buildings and Fixtures | 13,835 | |||
Gross Amount, Land | 1,533 | |||
Gross Amount, Buildings and Fixtures | 19,084 | |||
Total | 20,617 | |||
Accumulated Depreciation | (13,650) | |||
Net | $ 6,967 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Hunters Ridge At Deerwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,249 | |||
Wholly Owned Properties - Residential | Lakeside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 1,430 | |||
Initial Cost Buildings and Fixtures | 12,883 | |||
Gross Amount, Land | 1,430 | |||
Gross Amount, Buildings and Fixtures | 21,167 | |||
Total | 22,597 | |||
Accumulated Depreciation | (15,608) | |||
Net | $ 6,989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Lakeside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,284 | |||
Wholly Owned Properties - Residential | Lighthouse At Fleming Island | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 4,047 | |||
Initial Cost Buildings and Fixtures | 35,052 | |||
Gross Amount, Land | 4,047 | |||
Gross Amount, Buildings and Fixtures | 40,166 | |||
Total | 44,213 | |||
Accumulated Depreciation | (23,102) | |||
Net | $ 21,111 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2003 | |||
Wholly Owned Properties - Residential | Lighthouse At Fleming Island | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,114 | |||
Wholly Owned Properties - Residential | Paddock Club Mandarin | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 1,411 | |||
Initial Cost Buildings and Fixtures | 14,967 | |||
Gross Amount, Land | 1,411 | |||
Gross Amount, Buildings and Fixtures | 18,255 | |||
Total | 19,666 | |||
Accumulated Depreciation | (10,246) | |||
Net | $ 9,420 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Paddock Club Mandarin | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,288 | |||
Wholly Owned Properties - Residential | St Augustine | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 2,857 | |||
Initial Cost Buildings and Fixtures | 6,475 | |||
Gross Amount, Land | 2,857 | |||
Gross Amount, Buildings and Fixtures | 25,050 | |||
Total | 27,907 | |||
Accumulated Depreciation | (12,664) | |||
Net | $ 15,243 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | St Augustine | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
Wholly Owned Properties - Residential | St Augustine | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | St Augustine | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 18,575 | |||
Wholly Owned Properties - Residential | Tattersall At Tapestry Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 6,417 | |||
Initial Cost Buildings and Fixtures | 36,069 | |||
Gross Amount, Land | 6,417 | |||
Gross Amount, Buildings and Fixtures | 38,026 | |||
Total | 44,443 | |||
Accumulated Depreciation | (12,286) | |||
Net | $ 32,157 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Tattersall At Tapestry Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,957 | |||
Wholly Owned Properties - Residential | Woodhollow | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 1,686 | |||
Initial Cost Buildings and Fixtures | 15,179 | |||
Gross Amount, Land | 1,678 | |||
Gross Amount, Buildings and Fixtures | 24,397 | |||
Total | 26,075 | |||
Accumulated Depreciation | (18,279) | |||
Net | $ 7,796 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Woodhollow | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (8) | |||
Wholly Owned Properties - Residential | Woodhollow | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,218 | |||
Wholly Owned Properties - Residential | Colonial Grand at Lake Mary | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lake Mary, FL | |||
Initial Cost Land | $ 6,346 | |||
Initial Cost Buildings and Fixtures | 41,539 | |||
Gross Amount, Land | 6,346 | |||
Gross Amount, Buildings and Fixtures | 66,422 | |||
Total | 72,768 | |||
Accumulated Depreciation | (16,359) | |||
Net | $ 56,409 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Lake Mary | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 24,883 | |||
Wholly Owned Properties - Residential | Colonial Grand At Town Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lake Mary, FL | |||
Initial Cost Land | $ 5,742 | |||
Initial Cost Buildings and Fixtures | 56,562 | |||
Gross Amount, Land | 5,742 | |||
Gross Amount, Buildings and Fixtures | 62,866 | |||
Total | 68,608 | |||
Accumulated Depreciation | (20,707) | |||
Net | $ 47,901 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Town Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,304 | |||
Wholly Owned Properties - Residential | Colonial Grand At Town Park Reserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lake Mary, FL | |||
Initial Cost Land | $ 3,481 | |||
Initial Cost Buildings and Fixtures | 10,311 | |||
Gross Amount, Land | 3,481 | |||
Gross Amount, Buildings and Fixtures | 10,821 | |||
Total | 14,302 | |||
Accumulated Depreciation | (3,642) | |||
Net | $ 10,660 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2004 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Town Park Reserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 510 | |||
Wholly Owned Properties - Residential | Colonial Grand At Heather Glen | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 4,662 | |||
Initial Cost Buildings and Fixtures | 56,988 | |||
Gross Amount, Land | 4,662 | |||
Gross Amount, Buildings and Fixtures | 64,353 | |||
Total | 69,015 | |||
Accumulated Depreciation | (19,815) | |||
Net | $ 49,200 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Heather Glen | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,365 | |||
Wholly Owned Properties - Residential | Colonial Grand At Randal Lakes | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 5,659 | |||
Initial Cost Buildings and Fixtures | 50,553 | |||
Gross Amount, Land | 5,659 | |||
Gross Amount, Buildings and Fixtures | 61,977 | |||
Total | 67,636 | |||
Accumulated Depreciation | (10,951) | |||
Net | $ 56,685 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Randal Lakes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 11,424 | |||
Wholly Owned Properties - Residential | Colonial Grand at Randal Lakes I I | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 3,200 | |||
Gross Amount, Land | 3,200 | |||
Gross Amount, Buildings and Fixtures | 36,931 | |||
Total | 40,131 | |||
Accumulated Depreciation | (3,784) | |||
Net | $ 36,347 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Randal Lakes I I | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 36,931 | |||
Wholly Owned Properties - Residential | Post Lake at Baldwin Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 18,101 | |||
Initial Cost Buildings and Fixtures | 144,200 | |||
Gross Amount, Land | 18,101 | |||
Gross Amount, Buildings and Fixtures | 148,301 | |||
Total | 166,402 | |||
Accumulated Depreciation | (24,572) | |||
Net | $ 141,830 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Lake at Baldwin Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,101 | |||
Wholly Owned Properties - Residential | Post Lakeside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 7,046 | |||
Initial Cost Buildings and Fixtures | 52,585 | |||
Gross Amount, Land | 7,046 | |||
Gross Amount, Buildings and Fixtures | 53,523 | |||
Total | 60,569 | |||
Accumulated Depreciation | (8,100) | |||
Net | $ 52,469 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Lakeside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 938 | |||
Wholly Owned Properties - Residential | Post Parkside Orlando | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 5,669 | |||
Initial Cost Buildings and Fixtures | 49,754 | |||
Gross Amount, Land | 5,669 | |||
Gross Amount, Buildings and Fixtures | 55,053 | |||
Total | 60,722 | |||
Accumulated Depreciation | (9,093) | |||
Net | $ 51,629 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Parkside Orlando | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,299 | |||
Wholly Owned Properties - Residential | Retreat At Lake Nona | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 7,880 | |||
Initial Cost Buildings and Fixtures | 41,175 | |||
Gross Amount, Land | 7,880 | |||
Gross Amount, Buildings and Fixtures | 47,441 | |||
Total | 55,321 | |||
Accumulated Depreciation | (14,170) | |||
Net | $ 41,151 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | Retreat At Lake Nona | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,266 | |||
Wholly Owned Properties - Residential | Park Crest At Innisbrook | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Palm Harbor, FL | |||
Initial Cost Land | $ 6,900 | |||
Initial Cost Buildings and Fixtures | 26,613 | |||
Gross Amount, Land | 6,900 | |||
Gross Amount, Buildings and Fixtures | 30,425 | |||
Total | 37,325 | |||
Accumulated Depreciation | (12,866) | |||
Net | $ 24,459 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Park Crest At Innisbrook | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,812 | |||
Wholly Owned Properties - Residential | Club At Panama Beach | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Panama City, FL | |||
Initial Cost Land | $ 898 | |||
Initial Cost Buildings and Fixtures | 14,276 | |||
Gross Amount, Land | 893 | |||
Gross Amount, Buildings and Fixtures | 18,902 | |||
Total | 19,795 | |||
Accumulated Depreciation | (11,057) | |||
Net | $ 8,738 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Club At Panama Beach | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (5) | |||
Wholly Owned Properties - Residential | Club At Panama Beach | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,626 | |||
Wholly Owned Properties - Residential | Colonial Village At Twin Lakes | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Sanford, FL | |||
Initial Cost Land | $ 3,091 | |||
Initial Cost Buildings and Fixtures | 47,793 | |||
Gross Amount, Land | 3,091 | |||
Gross Amount, Buildings and Fixtures | 50,855 | |||
Total | 53,946 | |||
Accumulated Depreciation | (15,922) | |||
Net | $ 38,024 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Twin Lakes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,062 | |||
Wholly Owned Properties - Residential | Paddock Club Tallahassee | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tallahassee, FL | |||
Initial Cost Land | $ 530 | |||
Initial Cost Buildings and Fixtures | 4,805 | |||
Gross Amount, Land | 1,480 | |||
Gross Amount, Buildings and Fixtures | 19,271 | |||
Total | 20,751 | |||
Accumulated Depreciation | (13,992) | |||
Net | $ 6,759 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Club Tallahassee | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 950 | |||
Wholly Owned Properties - Residential | Paddock Club Tallahassee | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 14,466 | |||
Wholly Owned Properties - Residential | Verandas at Southwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tallahassee, FL | |||
Initial Cost Land | $ 3,600 | |||
Initial Cost Buildings and Fixtures | 25,914 | |||
Gross Amount, Land | 3,600 | |||
Gross Amount, Buildings and Fixtures | 27,599 | |||
Total | 31,199 | |||
Accumulated Depreciation | (6,423) | |||
Net | $ 24,776 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Verandas at Southwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,685 | |||
Wholly Owned Properties - Residential | Belmere | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 852 | |||
Initial Cost Buildings and Fixtures | 7,667 | |||
Gross Amount, Land | 852 | |||
Gross Amount, Buildings and Fixtures | 14,476 | |||
Total | 15,328 | |||
Accumulated Depreciation | (10,529) | |||
Net | $ 4,799 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Belmere | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,809 | |||
Wholly Owned Properties - Residential | Colonial Grand At Hampton Preserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 6,233 | |||
Initial Cost Buildings and Fixtures | 69,535 | |||
Gross Amount, Land | 6,233 | |||
Gross Amount, Buildings and Fixtures | 72,106 | |||
Total | 78,339 | |||
Accumulated Depreciation | (20,819) | |||
Net | $ 57,520 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Hampton Preserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,571 | |||
Wholly Owned Properties - Residential | Links At Carrollwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 817 | |||
Initial Cost Buildings and Fixtures | 7,355 | |||
Gross Amount, Land | 927 | |||
Gross Amount, Buildings and Fixtures | 13,195 | |||
Total | 14,122 | |||
Accumulated Depreciation | (9,206) | |||
Net | $ 4,916 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1980 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Links At Carrollwood | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 110 | |||
Wholly Owned Properties - Residential | Links At Carrollwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,840 | |||
Wholly Owned Properties - Residential | Post Bay at Rocky Point | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 4,541 | |||
Initial Cost Buildings and Fixtures | 28,381 | |||
Gross Amount, Land | 4,541 | |||
Gross Amount, Buildings and Fixtures | 30,370 | |||
Total | 34,911 | |||
Accumulated Depreciation | (4,993) | |||
Net | $ 29,918 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Bay at Rocky Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,989 | |||
Wholly Owned Properties - Residential | Post Harbour Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 16,296 | |||
Initial Cost Buildings and Fixtures | 116,193 | |||
Gross Amount, Land | 16,296 | |||
Gross Amount, Buildings and Fixtures | 127,330 | |||
Total | 143,626 | |||
Accumulated Depreciation | (21,840) | |||
Net | $ 121,786 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Harbour Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 11,137 | |||
Wholly Owned Properties - Residential | Post Hyde Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 16,891 | |||
Initial Cost Buildings and Fixtures | 95,259 | |||
Gross Amount, Land | 16,891 | |||
Gross Amount, Buildings and Fixtures | 102,289 | |||
Total | 119,180 | |||
Accumulated Depreciation | (17,523) | |||
Net | $ 101,657 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Hyde Park | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Post Hyde Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,030 | |||
Wholly Owned Properties - Residential | Post Rocky Point | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 35,260 | |||
Initial Cost Buildings and Fixtures | 153,102 | |||
Gross Amount, Land | 35,260 | |||
Gross Amount, Buildings and Fixtures | 166,507 | |||
Total | 201,767 | |||
Accumulated Depreciation | (27,806) | |||
Net | $ 173,961 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Rocky Point | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Post Rocky Point | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Post Rocky Point | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13,405 | |||
Wholly Owned Properties - Residential | Post Soho Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 5,190 | |||
Initial Cost Buildings and Fixtures | 56,296 | |||
Gross Amount, Land | 5,190 | |||
Gross Amount, Buildings and Fixtures | 57,194 | |||
Total | 62,384 | |||
Accumulated Depreciation | (8,535) | |||
Net | $ 53,849 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Soho Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 898 | |||
Wholly Owned Properties - Residential | Village Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 2,738 | |||
Initial Cost Buildings and Fixtures | 19,055 | |||
Gross Amount, Land | 2,891 | |||
Gross Amount, Buildings and Fixtures | 21,968 | |||
Total | 24,859 | |||
Accumulated Depreciation | (9,218) | |||
Net | $ 15,641 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | Village Oaks | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 153 | |||
Wholly Owned Properties - Residential | Village Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,913 | |||
Wholly Owned Properties - Residential | Colonial Grand At Seven Oaks [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Wesley Chapel, FL | |||
Initial Cost Land | $ 3,051 | |||
Initial Cost Buildings and Fixtures | 42,768 | |||
Gross Amount, Land | 3,051 | |||
Gross Amount, Buildings and Fixtures | 46,017 | |||
Total | 49,068 | |||
Accumulated Depreciation | (13,919) | |||
Net | $ 35,149 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2004 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Seven Oaks [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,249 | |||
Wholly Owned Properties - Residential | Colonial Grand At Windermere [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Windermere, FL | |||
Initial Cost Land | $ 2,711 | |||
Initial Cost Buildings and Fixtures | 36,710 | |||
Gross Amount, Land | 2,711 | |||
Gross Amount, Buildings and Fixtures | 38,480 | |||
Total | 41,191 | |||
Accumulated Depreciation | (11,101) | |||
Net | $ 30,090 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Windermere [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,770 | |||
Wholly Owned Properties - Residential | MAA Briarcliff | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 24,645 | |||
Initial Cost Buildings and Fixtures | 114,921 | |||
Gross Amount, Land | 24,645 | |||
Gross Amount, Buildings and Fixtures | 119,687 | |||
Total | 144,332 | |||
Accumulated Depreciation | (19,281) | |||
Net | $ 125,051 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Briarcliff | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,766 | |||
Wholly Owned Properties - Residential | MAA Brookhaven | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 29,048 | |||
Initial Cost Buildings and Fixtures | 106,463 | |||
Gross Amount, Land | 29,048 | |||
Gross Amount, Buildings and Fixtures | 115,793 | |||
Total | 144,841 | |||
Accumulated Depreciation | (20,071) | |||
Net | $ 124,770 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Brookhaven | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
Wholly Owned Properties - Residential | MAA Brookhaven | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
Wholly Owned Properties - Residential | MAA Brookhaven | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,330 | |||
Wholly Owned Properties - Residential | MAA Brookwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 11,168 | |||
Initial Cost Buildings and Fixtures | 52,758 | |||
Gross Amount, Land | 11,168 | |||
Gross Amount, Buildings and Fixtures | 58,538 | |||
Total | 69,706 | |||
Accumulated Depreciation | (17,638) | |||
Net | $ 52,068 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | MAA Brookwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,780 | |||
Wholly Owned Properties - Residential | M A A Buckhead | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 8,633 | |||
Initial Cost Buildings and Fixtures | 19,844 | |||
Gross Amount, Land | 8,633 | |||
Gross Amount, Buildings and Fixtures | 29,778 | |||
Total | 38,411 | |||
Accumulated Depreciation | (9,589) | |||
Net | $ 28,822 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | M A A Buckhead | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,934 | |||
Wholly Owned Properties - Residential | MAA Centennial Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 13,650 | |||
Initial Cost Buildings and Fixtures | 10,950 | |||
Gross Amount, Land | 13,650 | |||
Gross Amount, Buildings and Fixtures | 72,792 | |||
Total | 86,442 | |||
Accumulated Depreciation | (5,984) | |||
Net | $ 80,458 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2018 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Centennial Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 61,842 | |||
Wholly Owned Properties - Residential | MAA Chastain | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 30,223 | |||
Initial Cost Buildings and Fixtures | 82,964 | |||
Gross Amount, Land | 30,223 | |||
Gross Amount, Buildings and Fixtures | 86,290 | |||
Total | 116,513 | |||
Accumulated Depreciation | (13,710) | |||
Net | $ 102,803 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1990 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Chastain | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,326 | |||
Wholly Owned Properties - Residential | MAA Dunwoody | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 15,799 | |||
Initial Cost Buildings and Fixtures | 48,054 | |||
Gross Amount, Land | 15,799 | |||
Gross Amount, Buildings and Fixtures | 52,029 | |||
Total | 67,828 | |||
Accumulated Depreciation | (8,616) | |||
Net | $ 59,212 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1995 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Dunwoody | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,975 | |||
Wholly Owned Properties - Residential | MAA Gardens | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 17,907 | |||
Initial Cost Buildings and Fixtures | 56,093 | |||
Gross Amount, Land | 17,907 | |||
Gross Amount, Buildings and Fixtures | 60,560 | |||
Total | 78,467 | |||
Accumulated Depreciation | (10,531) | |||
Net | $ 67,936 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Gardens | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,467 | |||
Wholly Owned Properties - Residential | MAA Glen | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 13,878 | |||
Initial Cost Buildings and Fixtures | 51,079 | |||
Gross Amount, Land | 13,878 | |||
Gross Amount, Buildings and Fixtures | 56,370 | |||
Total | 70,248 | |||
Accumulated Depreciation | (9,299) | |||
Net | $ 60,949 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Glen | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,291 | |||
Wholly Owned Properties - Residential | MAA Lenox | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 15,440 | |||
Initial Cost Buildings and Fixtures | 73,278 | |||
Gross Amount, Land | 15,440 | |||
Gross Amount, Buildings and Fixtures | 77,055 | |||
Total | 92,495 | |||
Accumulated Depreciation | (10,120) | |||
Net | $ 82,375 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Lenox | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,777 | |||
Wholly Owned Properties - Residential | MAA Lenox II | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 8,435 | |||
Initial Cost Buildings and Fixtures | 92,294 | |||
Gross Amount, Land | 8,435 | |||
Gross Amount, Buildings and Fixtures | 92,919 | |||
Total | 101,354 | |||
Accumulated Depreciation | (20,112) | |||
Net | $ 81,242 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Lenox II | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 625 | |||
Wholly Owned Properties - Residential | MAA Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 7,000 | |||
Initial Cost Buildings and Fixtures | 44,000 | |||
Gross Amount, Land | 7,000 | |||
Gross Amount, Buildings and Fixtures | 85,102 | |||
Total | 92,102 | |||
Accumulated Depreciation | (7,958) | |||
Net | $ 84,144 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 41,102 | |||
Wholly Owned Properties - Residential | MAA Oglethorpe | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 6,875 | |||
Initial Cost Buildings and Fixtures | 31,441 | |||
Gross Amount, Land | 6,856 | |||
Gross Amount, Buildings and Fixtures | 39,321 | |||
Total | 46,177 | |||
Accumulated Depreciation | (15,280) | |||
Net | $ 30,897 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | MAA Oglethorpe | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (19) | |||
Wholly Owned Properties - Residential | MAA Oglethorpe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,880 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 11,974 | |||
Initial Cost Buildings and Fixtures | 55,264 | |||
Gross Amount, Land | 11,974 | |||
Gross Amount, Buildings and Fixtures | 56,522 | |||
Total | 68,496 | |||
Accumulated Depreciation | (8,689) | |||
Net | $ 59,807 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | Phase III [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | MAA Peachtree Hills | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,258 | |||
Wholly Owned Properties - Residential | MAA Piedmont Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 11,025 | |||
Initial Cost Buildings and Fixtures | 34,277 | |||
Gross Amount, Land | 11,025 | |||
Gross Amount, Buildings and Fixtures | 36,565 | |||
Total | 47,590 | |||
Accumulated Depreciation | (5,599) | |||
Net | $ 41,991 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Piedmont Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,288 | |||
Wholly Owned Properties - Residential | MAA Riverside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 23,765 | |||
Initial Cost Buildings and Fixtures | 89,369 | |||
Gross Amount, Land | 23,765 | |||
Gross Amount, Buildings and Fixtures | 98,115 | |||
Total | 121,880 | |||
Accumulated Depreciation | (17,720) | |||
Net | $ 104,160 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Riverside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,746 | |||
Wholly Owned Properties - Residential | MAA Spring | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 18,596 | |||
Initial Cost Buildings and Fixtures | 57,819 | |||
Gross Amount, Land | 18,596 | |||
Gross Amount, Buildings and Fixtures | 63,542 | |||
Total | 82,138 | |||
Accumulated Depreciation | (11,169) | |||
Net | $ 70,969 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Spring | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,723 | |||
Wholly Owned Properties - Residential | MAA Stratford | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Buildings and Fixtures | $ 30,051 | |||
Gross Amount, Buildings and Fixtures | 35,273 | |||
Total | 35,273 | |||
Accumulated Depreciation | (5,938) | |||
Net | $ 29,335 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Stratford | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,222 | |||
Wholly Owned Properties - Residential | MAA Berkeley Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 1,960 | |||
Initial Cost Buildings and Fixtures | 15,707 | |||
Gross Amount, Land | 1,960 | |||
Gross Amount, Buildings and Fixtures | 18,421 | |||
Total | 20,381 | |||
Accumulated Depreciation | (6,854) | |||
Net | $ 13,527 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Berkeley Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,714 | |||
Wholly Owned Properties - Residential | MAA McDaniel Farm | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 3,985 | |||
Initial Cost Buildings and Fixtures | 32,206 | |||
Gross Amount, Land | 3,985 | |||
Gross Amount, Buildings and Fixtures | 37,421 | |||
Total | 41,406 | |||
Accumulated Depreciation | (13,550) | |||
Net | $ 27,856 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA McDaniel Farm | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,215 | |||
Wholly Owned Properties - Residential | MAA Pleasant Hill | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 6,753 | |||
Initial Cost Buildings and Fixtures | 32,202 | |||
Gross Amount, Land | 6,753 | |||
Gross Amount, Buildings and Fixtures | 38,778 | |||
Total | 45,531 | |||
Accumulated Depreciation | (13,125) | |||
Net | $ 32,406 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Pleasant Hill | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,576 | |||
Wholly Owned Properties - Residential | MAA Prescott | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 3,840 | |||
Initial Cost Buildings and Fixtures | 24,011 | |||
Gross Amount, Land | 3,840 | |||
Gross Amount, Buildings and Fixtures | 29,093 | |||
Total | 32,933 | |||
Accumulated Depreciation | (15,852) | |||
Net | $ 17,081 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | MAA Prescott | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,082 | |||
Wholly Owned Properties - Residential | MAA River Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 4,360 | |||
Initial Cost Buildings and Fixtures | 13,579 | |||
Gross Amount, Land | 4,349 | |||
Gross Amount, Buildings and Fixtures | 16,828 | |||
Total | 21,177 | |||
Accumulated Depreciation | (7,345) | |||
Net | $ 13,832 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA River Oaks | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (11) | |||
Wholly Owned Properties - Residential | MAA River Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,249 | |||
Wholly Owned Properties - Residential | MAA River Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Duluth, GA | |||
Initial Cost Land | $ 2,059 | |||
Initial Cost Buildings and Fixtures | 19,158 | |||
Gross Amount, Land | 2,059 | |||
Gross Amount, Buildings and Fixtures | 22,721 | |||
Total | 24,780 | |||
Accumulated Depreciation | (8,010) | |||
Net | $ 16,770 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA River Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,563 | |||
Wholly Owned Properties - Residential | MAA Mount Vernon | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dunwoody, GA | |||
Initial Cost Land | $ 6,861 | |||
Initial Cost Buildings and Fixtures | 23,748 | |||
Gross Amount, Land | 6,861 | |||
Gross Amount, Buildings and Fixtures | 27,872 | |||
Total | 34,733 | |||
Accumulated Depreciation | (8,736) | |||
Net | $ 25,997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Mount Vernon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,124 | |||
Wholly Owned Properties - Residential | MAA Lake Lanier | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gainesville, GA | |||
Initial Cost Land | $ 6,710 | |||
Initial Cost Buildings and Fixtures | 40,994 | |||
Gross Amount, Land | 6,710 | |||
Gross Amount, Buildings and Fixtures | 50,570 | |||
Total | 57,280 | |||
Accumulated Depreciation | (27,073) | |||
Net | $ 30,207 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2005 | |||
Wholly Owned Properties - Residential | MAA Lake Lanier | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | MAA Lake Lanier | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
Wholly Owned Properties - Residential | MAA Lake Lanier | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,576 | |||
Wholly Owned Properties - Residential | MAA Shiloh | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kennesaw, GA | |||
Initial Cost Land | $ 4,864 | |||
Initial Cost Buildings and Fixtures | 45,893 | |||
Gross Amount, Land | 4,864 | |||
Gross Amount, Buildings and Fixtures | 51,982 | |||
Total | 56,846 | |||
Accumulated Depreciation | (17,065) | |||
Net | $ 39,781 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Shiloh | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,089 | |||
Wholly Owned Properties - Residential | MAA Milstead | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | LaGrange, GA | |||
Initial Cost Land | $ 3,100 | |||
Initial Cost Buildings and Fixtures | 29,240 | |||
Gross Amount, Land | 3,100 | |||
Gross Amount, Buildings and Fixtures | 32,139 | |||
Total | 35,239 | |||
Accumulated Depreciation | (9,082) | |||
Net | $ 26,157 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | MAA Milstead | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,899 | |||
Wholly Owned Properties - Residential | MAA Barrett Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Marietta, GA | |||
Initial Cost Land | $ 5,661 | |||
Initial Cost Buildings and Fixtures | 26,186 | |||
Gross Amount, Land | 5,661 | |||
Gross Amount, Buildings and Fixtures | 29,750 | |||
Total | 35,411 | |||
Accumulated Depreciation | (11,162) | |||
Net | $ 24,249 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Barrett Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,564 | |||
Wholly Owned Properties - Residential | Colonial Grand at Godley Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Pooler, GA | |||
Initial Cost Land | $ 1,750 | |||
Initial Cost Buildings and Fixtures | 30,893 | |||
Gross Amount, Land | 1,750 | |||
Gross Amount, Buildings and Fixtures | 32,914 | |||
Total | 34,664 | |||
Accumulated Depreciation | (10,184) | |||
Net | $ 24,480 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Godley Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,021 | |||
Wholly Owned Properties - Residential | Colonial Grand at Godley Station [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Pooler, GA | |||
Encumbrances | $ 6,588 | |||
Initial Cost Land | 1,800 | |||
Initial Cost Buildings and Fixtures | 35,454 | |||
Gross Amount, Land | 1,800 | |||
Gross Amount, Buildings and Fixtures | 39,626 | |||
Total | 41,426 | |||
Accumulated Depreciation | (12,117) | |||
Net | $ 29,309 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Godley Station [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,172 | |||
Wholly Owned Properties - Residential | Avala at Savannah Quarters [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 1,500 | |||
Initial Cost Buildings and Fixtures | 24,862 | |||
Gross Amount, Land | 1,500 | |||
Gross Amount, Buildings and Fixtures | 27,185 | |||
Total | 28,685 | |||
Accumulated Depreciation | (8,982) | |||
Net | $ 19,703 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Avala at Savannah Quarters [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,323 | |||
Wholly Owned Properties - Residential | Colonial Grand at Hammocks [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 2,441 | |||
Initial Cost Buildings and Fixtures | 36,863 | |||
Gross Amount, Land | 2,441 | |||
Gross Amount, Buildings and Fixtures | 42,315 | |||
Total | 44,756 | |||
Accumulated Depreciation | (13,065) | |||
Net | $ 31,691 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Hammocks [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,452 | |||
Wholly Owned Properties - Residential | Colonial Village at Greentree [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 1,710 | |||
Initial Cost Buildings and Fixtures | 10,494 | |||
Gross Amount, Land | 1,710 | |||
Gross Amount, Buildings and Fixtures | 12,857 | |||
Total | 14,567 | |||
Accumulated Depreciation | (4,769) | |||
Net | $ 9,798 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Greentree [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,363 | |||
Wholly Owned Properties - Residential | Colonial Village at Huntington [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 2,521 | |||
Initial Cost Buildings and Fixtures | 8,223 | |||
Gross Amount, Land | 2,521 | |||
Gross Amount, Buildings and Fixtures | 10,136 | |||
Total | 12,657 | |||
Accumulated Depreciation | (3,378) | |||
Net | $ 9,279 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Huntington [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,913 | |||
Wholly Owned Properties - Residential | Colonial Village at Marsh Cove [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 5,231 | |||
Initial Cost Buildings and Fixtures | 8,555 | |||
Gross Amount, Land | 5,231 | |||
Gross Amount, Buildings and Fixtures | 10,650 | |||
Total | 15,881 | |||
Accumulated Depreciation | (4,016) | |||
Net | $ 11,865 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1983 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Marsh Cove [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,095 | |||
Wholly Owned Properties - Residential | Georgetown Grove [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 1,288 | |||
Initial Cost Buildings and Fixtures | 11,579 | |||
Gross Amount, Land | 1,288 | |||
Gross Amount, Buildings and Fixtures | 15,176 | |||
Total | 16,464 | |||
Accumulated Depreciation | (10,950) | |||
Net | $ 5,514 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Georgetown Grove [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,597 | |||
Wholly Owned Properties - Residential | Oaks at Wilmington Island [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Savannah, GA | |||
Initial Cost Land | $ 2,910 | |||
Initial Cost Buildings and Fixtures | 25,315 | |||
Gross Amount, Land | 2,864 | |||
Gross Amount, Buildings and Fixtures | 30,587 | |||
Total | 33,451 | |||
Accumulated Depreciation | (14,649) | |||
Net | $ 18,802 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Oaks at Wilmington Island [Member] | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (46) | |||
Wholly Owned Properties - Residential | Oaks at Wilmington Island [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,272 | |||
Wholly Owned Properties - Residential | MAA West Village [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Smyrna, GA | |||
Initial Cost Land | $ 14,410 | |||
Initial Cost Buildings and Fixtures | 73,733 | |||
Gross Amount, Land | 14,410 | |||
Gross Amount, Buildings and Fixtures | 83,063 | |||
Total | 97,473 | |||
Accumulated Depreciation | (18,741) | |||
Net | $ 78,732 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | MAA West Village [Member] | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | MAA West Village [Member] | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | MAA West Village [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,330 | |||
Wholly Owned Properties - Residential | Ranch at Prairie Trace [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Overland Park, KS | |||
Initial Cost Land | $ 3,500 | |||
Initial Cost Buildings and Fixtures | 40,614 | |||
Gross Amount, Land | 3,500 | |||
Gross Amount, Buildings and Fixtures | 42,662 | |||
Total | 46,162 | |||
Accumulated Depreciation | (6,292) | |||
Net | $ 39,870 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Ranch at Prairie Trace [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,048 | |||
Wholly Owned Properties - Residential | Grand Reserve at Pinnacle [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lexington, KY | |||
Initial Cost Land | $ 2,024 | |||
Initial Cost Buildings and Fixtures | 31,525 | |||
Gross Amount, Land | 2,024 | |||
Gross Amount, Buildings and Fixtures | 38,245 | |||
Total | 40,269 | |||
Accumulated Depreciation | (20,846) | |||
Net | $ 19,423 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Grand Reserve at Pinnacle [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,720 | |||
Wholly Owned Properties - Residential | Lakepointe [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lexington, KY | |||
Initial Cost Land | $ 411 | |||
Initial Cost Buildings and Fixtures | 3,699 | |||
Gross Amount, Land | 411 | |||
Gross Amount, Buildings and Fixtures | 6,431 | |||
Total | 6,842 | |||
Accumulated Depreciation | (4,903) | |||
Net | $ 1,939 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Lakepointe [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,732 | |||
Wholly Owned Properties - Residential | The Mansion [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lexington, KY | |||
Initial Cost Land | $ 694 | |||
Initial Cost Buildings and Fixtures | 6,242 | |||
Gross Amount, Land | 694 | |||
Gross Amount, Buildings and Fixtures | 10,275 | |||
Total | 10,969 | |||
Accumulated Depreciation | (7,831) | |||
Net | $ 3,138 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | The Mansion [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,033 | |||
Wholly Owned Properties - Residential | The Village [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lexington, KY | |||
Initial Cost Land | $ 900 | |||
Initial Cost Buildings and Fixtures | 8,097 | |||
Gross Amount, Land | 900 | |||
Gross Amount, Buildings and Fixtures | 13,091 | |||
Total | 13,991 | |||
Accumulated Depreciation | (10,026) | |||
Net | $ 3,965 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | The Village [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,994 | |||
Wholly Owned Properties - Residential | Stonemill Village [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Louisville, KY | |||
Initial Cost Land | $ 1,169 | |||
Initial Cost Buildings and Fixtures | 10,518 | |||
Gross Amount, Land | 1,169 | |||
Gross Amount, Buildings and Fixtures | 20,407 | |||
Total | 21,576 | |||
Accumulated Depreciation | (15,351) | |||
Net | $ 6,225 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Stonemill Village [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,889 | |||
Wholly Owned Properties - Residential | Market Station | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kansas City, MO | |||
Initial Cost Land | $ 5,814 | |||
Initial Cost Buildings and Fixtures | 46,241 | |||
Gross Amount, Land | 5,814 | |||
Gross Amount, Buildings and Fixtures | 49,737 | |||
Total | 55,551 | |||
Accumulated Depreciation | (14,079) | |||
Net | $ 41,472 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | Market Station | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,496 | |||
Wholly Owned Properties - Residential | The Denton [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kansas City, MO | |||
Initial Cost Land | $ 750 | |||
Initial Cost Buildings and Fixtures | 8,795 | |||
Gross Amount, Land | 750 | |||
Gross Amount, Buildings and Fixtures | 9,764 | |||
Total | 10,514 | |||
Accumulated Depreciation | (1,331) | |||
Net | $ 9,183 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | The Denton [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 969 | |||
Wholly Owned Properties - Residential | The Denton II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kansas City, MO | |||
Initial Cost Land | $ 770 | |||
Gross Amount, Land | 770 | |||
Gross Amount, Buildings and Fixtures | 24,644 | |||
Total | 25,414 | |||
Accumulated Depreciation | (1,915) | |||
Net | $ 23,499 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | The Denton II [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 24,644 | |||
Wholly Owned Properties - Residential | The Denton III | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kansas City, MO | |||
Initial Cost Land | $ 4,000 | |||
Initial Cost Buildings and Fixtures | 42,144 | |||
Gross Amount, Land | 4,000 | |||
Gross Amount, Buildings and Fixtures | 45,012 | |||
Total | 49,012 | |||
Accumulated Depreciation | (7,062) | |||
Net | $ 41,950 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | The Denton III | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | The Denton III | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | The Denton III | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,868 | |||
Wholly Owned Properties - Residential | Crosswinds [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jackson, MS | |||
Initial Cost Land | $ 1,535 | |||
Initial Cost Buildings and Fixtures | 13,826 | |||
Gross Amount, Land | 1,535 | |||
Gross Amount, Buildings and Fixtures | 20,696 | |||
Total | 22,231 | |||
Accumulated Depreciation | (15,016) | |||
Net | $ 7,215 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Crosswinds [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,870 | |||
Wholly Owned Properties - Residential | Pear Orchard [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jackson, MS | |||
Initial Cost Land | $ 1,351 | |||
Initial Cost Buildings and Fixtures | 12,168 | |||
Gross Amount, Land | 1,351 | |||
Gross Amount, Buildings and Fixtures | 19,976 | |||
Total | 21,327 | |||
Accumulated Depreciation | (15,389) | |||
Net | $ 5,938 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Pear Orchard [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,808 | |||
Wholly Owned Properties - Residential | Reflection Pointe [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jackson, MS | |||
Initial Cost Land | $ 710 | |||
Initial Cost Buildings and Fixtures | 8,770 | |||
Gross Amount, Land | 848 | |||
Gross Amount, Buildings and Fixtures | 17,317 | |||
Total | 18,165 | |||
Accumulated Depreciation | (12,990) | |||
Net | $ 5,175 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1988 | |||
Wholly Owned Properties - Residential | Reflection Pointe [Member] | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 138 | |||
Wholly Owned Properties - Residential | Reflection Pointe [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,547 | |||
Wholly Owned Properties - Residential | Lakeshore Landing [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Ridgeland, MS | |||
Initial Cost Land | $ 676 | |||
Initial Cost Buildings and Fixtures | 6,284 | |||
Gross Amount, Land | 676 | |||
Gross Amount, Buildings and Fixtures | 10,541 | |||
Total | 11,217 | |||
Accumulated Depreciation | (5,812) | |||
Net | $ 5,405 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1974 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Lakeshore Landing [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,257 | |||
Wholly Owned Properties - Residential | Colonial Village at beaver creek [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Apex, NC | |||
Initial Cost Land | $ 7,491 | |||
Initial Cost Buildings and Fixtures | 34,863 | |||
Gross Amount, Land | 7,491 | |||
Gross Amount, Buildings and Fixtures | 37,792 | |||
Total | 45,283 | |||
Accumulated Depreciation | (11,386) | |||
Net | $ 33,897 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at beaver creek [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,929 | |||
Wholly Owned Properties - Residential | Hermitage at Beechtree [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cary, NC | |||
Initial Cost Land | $ 900 | |||
Initial Cost Buildings and Fixtures | 8,099 | |||
Gross Amount, Land | 900 | |||
Gross Amount, Buildings and Fixtures | 13,541 | |||
Total | 14,441 | |||
Accumulated Depreciation | (9,487) | |||
Net | $ 4,954 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1988 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Hermitage at Beechtree [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,442 | |||
Wholly Owned Properties - Residential | Waterford Forest [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cary, NC | |||
Initial Cost Land | $ 4,000 | |||
Initial Cost Buildings and Fixtures | 20,250 | |||
Gross Amount, Land | 4,000 | |||
Gross Amount, Buildings and Fixtures | 25,143 | |||
Total | 29,143 | |||
Accumulated Depreciation | (12,793) | |||
Net | $ 16,350 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2005 | |||
Wholly Owned Properties - Residential | Waterford Forest [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,893 | |||
Wholly Owned Properties - Residential | MAA 1225 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 9,612 | |||
Initial Cost Buildings and Fixtures | 22,342 | |||
Gross Amount, Land | 9,612 | |||
Gross Amount, Buildings and Fixtures | 52,001 | |||
Total | 61,613 | |||
Accumulated Depreciation | (12,555) | |||
Net | $ 49,058 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | MAA 1225 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 29,659 | |||
Wholly Owned Properties - Residential | MAA Ayrsley | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 2,481 | |||
Initial Cost Buildings and Fixtures | 52,119 | |||
Gross Amount, Land | 2,481 | |||
Gross Amount, Buildings and Fixtures | 67,895 | |||
Total | 70,376 | |||
Accumulated Depreciation | (18,765) | |||
Net | $ 51,611 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Ayrsley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 15,776 | |||
Wholly Owned Properties - Residential | MAA Ballantyne | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 16,216 | |||
Initial Cost Buildings and Fixtures | 44,817 | |||
Gross Amount, Land | 16,216 | |||
Gross Amount, Buildings and Fixtures | 48,190 | |||
Total | 64,406 | |||
Accumulated Depreciation | (7,866) | |||
Net | $ 56,540 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2004 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Ballantyne | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,373 | |||
Wholly Owned Properties - Residential | MAA Beverly Crest | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 3,161 | |||
Initial Cost Buildings and Fixtures | 24,004 | |||
Gross Amount, Land | 3,161 | |||
Gross Amount, Buildings and Fixtures | 27,995 | |||
Total | 31,156 | |||
Accumulated Depreciation | (8,526) | |||
Net | $ 22,630 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Beverly Crest | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,991 | |||
Wholly Owned Properties - Residential | MAA Chancellor Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 5,311 | |||
Initial Cost Buildings and Fixtures | 28,016 | |||
Gross Amount, Land | 5,311 | |||
Gross Amount, Buildings and Fixtures | 33,211 | |||
Total | 38,522 | |||
Accumulated Depreciation | (10,515) | |||
Net | $ 28,007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Chancellor Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,195 | |||
Wholly Owned Properties - Residential | MAA City Grand | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 1,620 | |||
Initial Cost Buildings and Fixtures | 17,499 | |||
Gross Amount, Land | 1,620 | |||
Gross Amount, Buildings and Fixtures | 18,732 | |||
Total | 20,352 | |||
Accumulated Depreciation | (5,494) | |||
Net | $ 14,858 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA City Grand | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,233 | |||
Wholly Owned Properties - Residential | MAA Enclave | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 1,461 | |||
Initial Cost Buildings and Fixtures | 18,984 | |||
Gross Amount, Land | 1,461 | |||
Gross Amount, Buildings and Fixtures | 20,865 | |||
Total | 22,326 | |||
Accumulated Depreciation | (5,651) | |||
Net | $ 16,675 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Enclave | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,881 | |||
Wholly Owned Properties - Residential | MAA Gateway | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 17,528 | |||
Initial Cost Buildings and Fixtures | 57,444 | |||
Gross Amount, Land | 17,528 | |||
Gross Amount, Buildings and Fixtures | 63,633 | |||
Total | 81,161 | |||
Accumulated Depreciation | (11,000) | |||
Net | $ 70,161 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Gateway | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,189 | |||
Wholly Owned Properties - Residential | MAA Legacy Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 2,891 | |||
Initial Cost Buildings and Fixtures | 28,272 | |||
Gross Amount, Land | 2,891 | |||
Gross Amount, Buildings and Fixtures | 31,872 | |||
Total | 34,763 | |||
Accumulated Depreciation | (9,899) | |||
Net | $ 24,864 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Legacy Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,600 | |||
Wholly Owned Properties - Residential | MAA Prosperity Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 4,591 | |||
Initial Cost Buildings and Fixtures | 27,713 | |||
Gross Amount, Land | 4,591 | |||
Gross Amount, Buildings and Fixtures | 30,329 | |||
Total | 34,920 | |||
Accumulated Depreciation | (9,662) | |||
Net | $ 25,258 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Prosperity Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,616 | |||
Wholly Owned Properties - Residential | MAA Reserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 4,628 | |||
Initial Cost Buildings and Fixtures | 44,282 | |||
Gross Amount, Land | 4,628 | |||
Gross Amount, Buildings and Fixtures | 57,732 | |||
Total | 62,360 | |||
Accumulated Depreciation | (9,812) | |||
Net | $ 52,548 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Reserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13,450 | |||
Wholly Owned Properties - Residential | MAA South Line | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 18,835 | |||
Initial Cost Buildings and Fixtures | 58,795 | |||
Gross Amount, Land | 18,835 | |||
Gross Amount, Buildings and Fixtures | 62,169 | |||
Total | 81,004 | |||
Accumulated Depreciation | (9,182) | |||
Net | $ 71,822 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA South Line | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,374 | |||
Wholly Owned Properties - Residential | MAA South Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 20,869 | |||
Initial Cost Buildings and Fixtures | 65,517 | |||
Gross Amount, Land | 20,869 | |||
Gross Amount, Buildings and Fixtures | 71,662 | |||
Total | 92,531 | |||
Accumulated Depreciation | (11,933) | |||
Net | $ 80,598 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA South Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,145 | |||
Wholly Owned Properties - Residential | MAA South Tryon | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 2,260 | |||
Initial Cost Buildings and Fixtures | 19,489 | |||
Gross Amount, Land | 2,260 | |||
Gross Amount, Buildings and Fixtures | 22,269 | |||
Total | 24,529 | |||
Accumulated Depreciation | (6,982) | |||
Net | $ 17,547 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA South Tryon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,780 | |||
Wholly Owned Properties - Residential | MAA Timbercrest | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 2,901 | |||
Initial Cost Buildings and Fixtures | 17,192 | |||
Gross Amount, Land | 2,901 | |||
Gross Amount, Buildings and Fixtures | 20,588 | |||
Total | 23,489 | |||
Accumulated Depreciation | (6,183) | |||
Net | $ 17,306 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Timbercrest | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,396 | |||
Wholly Owned Properties - Residential | MAA University Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 3,250 | |||
Initial Cost Buildings and Fixtures | 31,389 | |||
Gross Amount, Land | 3,250 | |||
Gross Amount, Buildings and Fixtures | 36,539 | |||
Total | 39,789 | |||
Accumulated Depreciation | (11,864) | |||
Net | $ 27,925 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA University Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,150 | |||
Wholly Owned Properties - Residential | MAA Uptown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 10,888 | |||
Initial Cost Buildings and Fixtures | 30,078 | |||
Gross Amount, Land | 10,888 | |||
Gross Amount, Buildings and Fixtures | 32,876 | |||
Total | 43,764 | |||
Accumulated Depreciation | (5,527) | |||
Net | $ 38,237 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Uptown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,798 | |||
Wholly Owned Properties - Residential | MAA Cornelius | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cornelius, NC | |||
Initial Cost Land | $ 4,571 | |||
Initial Cost Buildings and Fixtures | 29,151 | |||
Gross Amount, Land | 4,571 | |||
Gross Amount, Buildings and Fixtures | 31,275 | |||
Total | 35,846 | |||
Accumulated Depreciation | (10,161) | |||
Net | $ 25,685 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Cornelius | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,124 | |||
Wholly Owned Properties - Residential | Colonial Grand at Patterson Place [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Durham, NC | |||
Initial Cost Land | $ 2,590 | |||
Initial Cost Buildings and Fixtures | 27,126 | |||
Gross Amount, Land | 2,590 | |||
Gross Amount, Buildings and Fixtures | 30,945 | |||
Total | 33,535 | |||
Accumulated Depreciation | (9,593) | |||
Net | $ 23,942 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Patterson Place [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,819 | |||
Wholly Owned Properties - Residential | Colonial Grand at Research Park [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Durham, NC | |||
Initial Cost Land | $ 4,201 | |||
Initial Cost Buildings and Fixtures | 37,682 | |||
Gross Amount, Land | 4,201 | |||
Gross Amount, Buildings and Fixtures | 41,690 | |||
Total | 45,891 | |||
Accumulated Depreciation | (13,146) | |||
Net | $ 32,745 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Research Park [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,008 | |||
Wholly Owned Properties - Residential | Colonial Village at Deerfield | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Durham, NC | |||
Initial Cost Land | $ 3,271 | |||
Initial Cost Buildings and Fixtures | 15,609 | |||
Gross Amount, Land | 3,271 | |||
Gross Amount, Buildings and Fixtures | 17,613 | |||
Total | 20,884 | |||
Accumulated Depreciation | (6,425) | |||
Net | $ 14,459 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Deerfield | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,004 | |||
Wholly Owned Properties - Residential | MAA Huntersville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntersville, NC | |||
Initial Cost Land | $ 4,251 | |||
Initial Cost Buildings and Fixtures | 31,948 | |||
Gross Amount, Land | 4,251 | |||
Gross Amount, Buildings and Fixtures | 35,660 | |||
Total | 39,911 | |||
Accumulated Depreciation | (11,287) | |||
Net | $ 28,624 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Huntersville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,712 | |||
Wholly Owned Properties - Residential | MAA Fifty One | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Matthews, NC | |||
Initial Cost Land | $ 3,071 | |||
Initial Cost Buildings and Fixtures | 21,830 | |||
Gross Amount, Land | 3,071 | |||
Gross Amount, Buildings and Fixtures | 27,896 | |||
Total | 30,967 | |||
Accumulated Depreciation | (9,892) | |||
Net | $ 21,075 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Fifty One | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,066 | |||
Wholly Owned Properties - Residential | MAA Matthews Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Matthews, NC | |||
Initial Cost Land | $ 3,690 | |||
Initial Cost Buildings and Fixtures | 28,536 | |||
Gross Amount, Land | 3,690 | |||
Gross Amount, Buildings and Fixtures | 31,208 | |||
Total | 34,898 | |||
Accumulated Depreciation | (9,824) | |||
Net | $ 25,074 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | MAA Matthews Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,672 | |||
Wholly Owned Properties - Residential | Reserve at Arringdon | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Morrisville, NC | |||
Initial Cost Land | $ 6,401 | |||
Initial Cost Buildings and Fixtures | 31,134 | |||
Gross Amount, Land | 6,401 | |||
Gross Amount, Buildings and Fixtures | 35,338 | |||
Total | 41,739 | |||
Accumulated Depreciation | (11,039) | |||
Net | $ 30,700 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Reserve at Arringdon | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,204 | |||
Wholly Owned Properties - Residential | Colonial Grand At Brier Creek Raleigh Nc | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 7,372 | |||
Initial Cost Buildings and Fixtures | 50,202 | |||
Gross Amount, Land | 7,372 | |||
Gross Amount, Buildings and Fixtures | 53,179 | |||
Total | 60,551 | |||
Accumulated Depreciation | (15,996) | |||
Net | $ 44,555 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Brier Creek Raleigh Nc | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,977 | |||
Wholly Owned Properties - Residential | Colonial Grand At Brier Falls Raleigh Nc | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 6,572 | |||
Initial Cost Buildings and Fixtures | 48,910 | |||
Gross Amount, Land | 6,572 | |||
Gross Amount, Buildings and Fixtures | 51,670 | |||
Total | 58,242 | |||
Accumulated Depreciation | (15,174) | |||
Net | $ 43,068 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Brier Falls Raleigh Nc | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,760 | |||
Wholly Owned Properties - Residential | Colonial Grand At Crabtree Valley | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 2,241 | |||
Initial Cost Buildings and Fixtures | 18,434 | |||
Gross Amount, Land | 2,241 | |||
Gross Amount, Buildings and Fixtures | 20,945 | |||
Total | 23,186 | |||
Accumulated Depreciation | (6,105) | |||
Net | $ 17,081 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Crabtree Valley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,511 | |||
Wholly Owned Properties - Residential | Colonial Grand At Trinity Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 5,232 | |||
Initial Cost Buildings and Fixtures | 45,138 | |||
Gross Amount, Land | 5,232 | |||
Gross Amount, Buildings and Fixtures | 50,206 | |||
Total | 55,438 | |||
Accumulated Depreciation | (16,100) | |||
Net | $ 39,338 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Trinity Commons | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Wholly Owned Properties - Residential | Colonial Grand At Trinity Commons | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
Wholly Owned Properties - Residential | Colonial Grand At Trinity Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,068 | |||
Wholly Owned Properties - Residential | Hue | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 3,690 | |||
Initial Cost Buildings and Fixtures | 29,910 | |||
Gross Amount, Land | 3,690 | |||
Gross Amount, Buildings and Fixtures | 32,489 | |||
Total | 36,179 | |||
Accumulated Depreciation | (8,967) | |||
Net | $ 27,212 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Hue | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,579 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 7,196 | |||
Initial Cost Buildings and Fixtures | 51,972 | |||
Gross Amount, Land | 7,196 | |||
Gross Amount, Buildings and Fixtures | 54,659 | |||
Total | 61,855 | |||
Accumulated Depreciation | (8,476) | |||
Net | $ 53,379 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,687 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade I I | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 9,450 | |||
Initial Cost Buildings and Fixtures | 46,316 | |||
Gross Amount, Land | 10,037 | |||
Gross Amount, Buildings and Fixtures | 48,525 | |||
Total | 58,562 | |||
Accumulated Depreciation | (11,932) | |||
Net | $ 46,630 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade I I | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 587 | |||
Wholly Owned Properties - Residential | Post Parksideat Wade I I | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,209 | |||
Wholly Owned Properties - Residential | Post Parkside At Wade I I I | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 2,200 | |||
Gross Amount, Land | 2,200 | |||
Gross Amount, Buildings and Fixtures | 22,407 | |||
Total | 24,607 | |||
Accumulated Depreciation | (1,142) | |||
Net | $ 23,465 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2019 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Parkside At Wade I I I | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 22,407 | |||
Wholly Owned Properties - Residential | Preserve At Brier Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 5,850 | |||
Initial Cost Buildings and Fixtures | 21,980 | |||
Gross Amount, Land | 5,831 | |||
Gross Amount, Buildings and Fixtures | 48,735 | |||
Total | 54,566 | |||
Accumulated Depreciation | (21,121) | |||
Net | $ 33,445 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2004 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Preserve At Brier Creek | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (19) | |||
Wholly Owned Properties - Residential | Preserve At Brier Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 26,755 | |||
Wholly Owned Properties - Residential | Providence At Brier Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 4,695 | |||
Initial Cost Buildings and Fixtures | 29,007 | |||
Gross Amount, Land | 4,695 | |||
Gross Amount, Buildings and Fixtures | 31,444 | |||
Total | 36,139 | |||
Accumulated Depreciation | (13,463) | |||
Net | $ 22,676 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | Providence At Brier Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,437 | |||
Wholly Owned Properties - Residential | Colonial Grand at Desert Vista | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | North Las Vegas, NV | |||
Initial Cost Land | $ 4,091 | |||
Initial Cost Buildings and Fixtures | 29,826 | |||
Gross Amount, Land | 4,091 | |||
Gross Amount, Buildings and Fixtures | 32,129 | |||
Total | 36,220 | |||
Accumulated Depreciation | (10,207) | |||
Net | $ 26,013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Desert Vista | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,303 | |||
Wholly Owned Properties - Residential | Colonial Grand at Palm Vista | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | North Las Vegas, NV | |||
Initial Cost Land | $ 4,909 | |||
Initial Cost Buildings and Fixtures | 25,643 | |||
Gross Amount, Land | 4,909 | |||
Gross Amount, Buildings and Fixtures | 29,961 | |||
Total | 34,870 | |||
Accumulated Depreciation | (9,973) | |||
Net | $ 24,897 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Palm Vista | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,318 | |||
Wholly Owned Properties - Residential | Tanglewood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Anderson, SC | |||
Initial Cost Land | $ 427 | |||
Initial Cost Buildings and Fixtures | 3,853 | |||
Gross Amount, Land | 427 | |||
Gross Amount, Buildings and Fixtures | 6,594 | |||
Total | 7,021 | |||
Accumulated Depreciation | (5,376) | |||
Net | $ 1,645 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1980 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Tanglewood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,741 | |||
Wholly Owned Properties - Residential | 1201 Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 11,929 | |||
Initial Cost Buildings and Fixtures | 57,885 | |||
Gross Amount, Land | 11,929 | |||
Gross Amount, Buildings and Fixtures | 58,839 | |||
Total | 70,768 | |||
Accumulated Depreciation | (7,130) | |||
Net | $ 63,638 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | 1201 Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 954 | |||
Wholly Owned Properties - Residential | 1201 Midtown II | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 6,750 | |||
Initial Cost Buildings and Fixtures | 5,874 | |||
Gross Amount, Land | 6,750 | |||
Gross Amount, Buildings and Fixtures | 22,325 | |||
Total | 29,075 | |||
Accumulated Depreciation | (1,600) | |||
Net | $ 27,475 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2018 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | 1201 Midtown II | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 16,451 | |||
Wholly Owned Properties - Residential | Colonial Grand At Cypress Cove | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 3,610 | |||
Initial Cost Buildings and Fixtures | 28,645 | |||
Gross Amount, Land | 3,610 | |||
Gross Amount, Buildings and Fixtures | 31,362 | |||
Total | 34,972 | |||
Accumulated Depreciation | (10,031) | |||
Net | $ 24,941 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Cypress Cove | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,717 | |||
Wholly Owned Properties - Residential | Colonial Village At Hampton Pointe | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 3,971 | |||
Initial Cost Buildings and Fixtures | 22,790 | |||
Gross Amount, Land | 3,971 | |||
Gross Amount, Buildings and Fixtures | 29,755 | |||
Total | 33,726 | |||
Accumulated Depreciation | (9,304) | |||
Net | $ 24,422 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Hampton Pointe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,965 | |||
Wholly Owned Properties - Residential | Colonial Village At Westchase | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 4,571 | |||
Initial Cost Buildings and Fixtures | 20,091 | |||
Gross Amount, Land | 4,571 | |||
Gross Amount, Buildings and Fixtures | 24,930 | |||
Total | 29,501 | |||
Accumulated Depreciation | (8,766) | |||
Net | $ 20,735 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Westchase | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,839 | |||
Wholly Owned Properties - Residential | Quarterdeck at James Island | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 920 | |||
Initial Cost Buildings and Fixtures | 24,097 | |||
Gross Amount, Land | 920 | |||
Gross Amount, Buildings and Fixtures | 30,570 | |||
Total | 31,490 | |||
Accumulated Depreciation | (9,639) | |||
Net | $ 21,851 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Quarterdeck at James Island | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,473 | |||
Wholly Owned Properties - Residential | Rivers Walk | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charleston, SC | |||
Initial Cost Land | $ 8,831 | |||
Initial Cost Buildings and Fixtures | 39,430 | |||
Gross Amount, Land | 8,831 | |||
Gross Amount, Buildings and Fixtures | 41,953 | |||
Total | 50,784 | |||
Accumulated Depreciation | (6,852) | |||
Net | $ 43,932 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Rivers Walk | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Rivers Walk | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Rivers Walk | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,523 | |||
Wholly Owned Properties - Residential | Paddock Club Columbia | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Columbia, SC | |||
Initial Cost Land | $ 1,840 | |||
Initial Cost Buildings and Fixtures | 16,560 | |||
Gross Amount, Land | 1,840 | |||
Gross Amount, Buildings and Fixtures | 21,730 | |||
Total | 23,570 | |||
Accumulated Depreciation | (15,547) | |||
Net | $ 8,023 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1991 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Club Columbia | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,170 | |||
Wholly Owned Properties - Residential | The Fairways | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Columbia, SC | |||
Initial Cost Land | $ 910 | |||
Initial Cost Buildings and Fixtures | 8,207 | |||
Gross Amount, Land | 910 | |||
Gross Amount, Buildings and Fixtures | 11,635 | |||
Total | 12,545 | |||
Accumulated Depreciation | (9,073) | |||
Net | $ 3,472 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | The Fairways | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,428 | |||
Wholly Owned Properties - Residential | Colonial Village At Windsor Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Goose Creek, SC | |||
Initial Cost Land | $ 1,321 | |||
Initial Cost Buildings and Fixtures | 14,163 | |||
Gross Amount, Land | 1,321 | |||
Gross Amount, Buildings and Fixtures | 17,928 | |||
Total | 19,249 | |||
Accumulated Depreciation | (6,376) | |||
Net | $ 12,873 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Windsor Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,765 | |||
Wholly Owned Properties - Residential | Highland Ridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 482 | |||
Initial Cost Buildings and Fixtures | 4,337 | |||
Gross Amount, Land | 482 | |||
Gross Amount, Buildings and Fixtures | 7,335 | |||
Total | 7,817 | |||
Accumulated Depreciation | (5,123) | |||
Net | $ 2,694 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Highland Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,998 | |||
Wholly Owned Properties - Residential | Howell Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 1,304 | |||
Initial Cost Buildings and Fixtures | 11,740 | |||
Gross Amount, Land | 1,304 | |||
Gross Amount, Buildings and Fixtures | 16,155 | |||
Total | 17,459 | |||
Accumulated Depreciation | (11,843) | |||
Net | $ 5,616 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Howell Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,415 | |||
Wholly Owned Properties - Residential | Innovation Apartment Homes | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 4,437 | |||
Initial Cost Buildings and Fixtures | 52,026 | |||
Gross Amount, Land | 4,437 | |||
Gross Amount, Buildings and Fixtures | 54,249 | |||
Total | 58,686 | |||
Accumulated Depreciation | (8,075) | |||
Net | $ 50,611 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Innovation Apartment Homes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,223 | |||
Wholly Owned Properties - Residential | Paddock Club Greenville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 1,200 | |||
Initial Cost Buildings and Fixtures | 10,800 | |||
Gross Amount, Land | 1,200 | |||
Gross Amount, Buildings and Fixtures | 13,949 | |||
Total | 15,149 | |||
Accumulated Depreciation | (9,730) | |||
Net | $ 5,419 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Paddock Club Greenville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,149 | |||
Wholly Owned Properties - Residential | Park Haywood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 325 | |||
Initial Cost Buildings and Fixtures | 2,925 | |||
Gross Amount, Land | 360 | |||
Gross Amount, Buildings and Fixtures | 7,692 | |||
Total | 8,052 | |||
Accumulated Depreciation | (5,857) | |||
Net | $ 2,195 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1983 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1993 | |||
Wholly Owned Properties - Residential | Park Haywood | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 35 | |||
Wholly Owned Properties - Residential | Park Haywood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,767 | |||
Wholly Owned Properties - Residential | Spring Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 597 | |||
Initial Cost Buildings and Fixtures | 5,374 | |||
Gross Amount, Land | 583 | |||
Gross Amount, Buildings and Fixtures | 8,347 | |||
Total | 8,930 | |||
Accumulated Depreciation | (6,216) | |||
Net | $ 2,714 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Spring Creek | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (14) | |||
Wholly Owned Properties - Residential | Spring Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,973 | |||
Wholly Owned Properties - Residential | The Greene [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
Initial Cost Land | $ 5,420 | |||
Initial Cost Buildings and Fixtures | 66,546 | |||
Gross Amount, Land | 5,427 | |||
Gross Amount, Buildings and Fixtures | 67,146 | |||
Total | 72,573 | |||
Accumulated Depreciation | (2,072) | |||
Net | $ 70,501 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2019 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Wholly Owned Properties - Residential | The Greene [Member] | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7 | |||
Wholly Owned Properties - Residential | The Greene [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 600 | |||
Wholly Owned Properties - Residential | Runaway Bay | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Mt. Pleasant, SC | |||
Initial Cost Land | $ 1,085 | |||
Initial Cost Buildings and Fixtures | 7,269 | |||
Gross Amount, Land | 1,097 | |||
Gross Amount, Buildings and Fixtures | 13,891 | |||
Total | 14,988 | |||
Accumulated Depreciation | (10,344) | |||
Net | $ 4,644 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1988 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Runaway Bay | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 12 | |||
Wholly Owned Properties - Residential | Runaway Bay | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,622 | |||
Wholly Owned Properties - Residential | Colonial Grand At Commerce Park Charleston Sc | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | North Charleston, SC | |||
Initial Cost Land | $ 2,780 | |||
Initial Cost Buildings and Fixtures | 33,966 | |||
Gross Amount, Land | 2,780 | |||
Gross Amount, Buildings and Fixtures | 37,480 | |||
Total | 40,260 | |||
Accumulated Depreciation | (11,287) | |||
Net | $ 28,973 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Commerce Park Charleston Sc | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,514 | |||
Wholly Owned Properties - Residential | Brookwood535 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Simpsonville, SC | |||
Initial Cost Land | $ 1,216 | |||
Initial Cost Buildings and Fixtures | 18,666 | |||
Gross Amount, Land | 1,216 | |||
Gross Amount, Buildings and Fixtures | 20,888 | |||
Total | 22,104 | |||
Accumulated Depreciation | (7,605) | |||
Net | $ 14,499 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Brookwood535 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,222 | |||
Wholly Owned Properties - Residential | Park Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Spartanburg, SC | |||
Initial Cost Land | $ 723 | |||
Initial Cost Buildings and Fixtures | 6,504 | |||
Gross Amount, Land | 723 | |||
Gross Amount, Buildings and Fixtures | 9,315 | |||
Total | 10,038 | |||
Accumulated Depreciation | (6,870) | |||
Net | $ 3,168 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Park Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,811 | |||
Wholly Owned Properties - Residential | Colonial Village At Waters Edge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Summerville, SC | |||
Initial Cost Land | $ 2,103 | |||
Initial Cost Buildings and Fixtures | 9,187 | |||
Gross Amount, Land | 2,103 | |||
Gross Amount, Buildings and Fixtures | 13,724 | |||
Total | 15,827 | |||
Accumulated Depreciation | (5,627) | |||
Net | $ 10,200 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Waters Edge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,537 | |||
Wholly Owned Properties - Residential | Farmington Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Summerville, SC | |||
Initial Cost Land | $ 2,800 | |||
Initial Cost Buildings and Fixtures | 26,295 | |||
Gross Amount, Land | 2,800 | |||
Gross Amount, Buildings and Fixtures | 29,258 | |||
Total | 32,058 | |||
Accumulated Depreciation | (13,242) | |||
Net | $ 18,816 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2007 | |||
Wholly Owned Properties - Residential | Farmington Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,963 | |||
Wholly Owned Properties - Residential | Hamilton Pointe | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chattanooga, TN | |||
Initial Cost Land | $ 1,131 | |||
Initial Cost Buildings and Fixtures | 10,632 | |||
Gross Amount, Land | 1,131 | |||
Gross Amount, Buildings and Fixtures | 17,320 | |||
Total | 18,451 | |||
Accumulated Depreciation | (8,622) | |||
Net | $ 9,829 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1992 | |||
Wholly Owned Properties - Residential | Hamilton Pointe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,688 | |||
Wholly Owned Properties - Residential | Hidden Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chattanooga, TN | |||
Initial Cost Land | $ 972 | |||
Initial Cost Buildings and Fixtures | 8,954 | |||
Gross Amount, Land | 972 | |||
Gross Amount, Buildings and Fixtures | 15,829 | |||
Total | 16,801 | |||
Accumulated Depreciation | (7,757) | |||
Net | $ 9,044 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1988 | |||
Wholly Owned Properties - Residential | Hidden Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,875 | |||
Wholly Owned Properties - Residential | Steeplechase | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chattanooga, TN | |||
Initial Cost Land | $ 217 | |||
Initial Cost Buildings and Fixtures | 1,957 | |||
Gross Amount, Land | 217 | |||
Gross Amount, Buildings and Fixtures | 6,177 | |||
Total | 6,394 | |||
Accumulated Depreciation | (3,835) | |||
Net | $ 2,559 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1991 | |||
Wholly Owned Properties - Residential | Steeplechase | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,220 | |||
Wholly Owned Properties - Residential | Windridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chattanooga, TN | |||
Initial Cost Land | $ 817 | |||
Initial Cost Buildings and Fixtures | 7,416 | |||
Gross Amount, Land | 817 | |||
Gross Amount, Buildings and Fixtures | 11,814 | |||
Total | 12,631 | |||
Accumulated Depreciation | (8,498) | |||
Net | $ 4,133 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Windridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,398 | |||
Wholly Owned Properties - Residential | Kirby Station | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Memphis, TN | |||
Initial Cost Land | $ 1,148 | |||
Initial Cost Buildings and Fixtures | 10,337 | |||
Gross Amount, Land | 1,148 | |||
Gross Amount, Buildings and Fixtures | 20,715 | |||
Total | 21,863 | |||
Accumulated Depreciation | (15,153) | |||
Net | $ 6,710 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1978 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Kirby Station | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 10,378 | |||
Wholly Owned Properties - Residential | Lincoln On Green | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Memphis, TN | |||
Initial Cost Land | $ 1,498 | |||
Initial Cost Buildings and Fixtures | 20,483 | |||
Gross Amount, Land | 1,498 | |||
Gross Amount, Buildings and Fixtures | 37,204 | |||
Total | 38,702 | |||
Accumulated Depreciation | (27,617) | |||
Net | $ 11,085 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Lincoln On Green | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 16,721 | |||
Wholly Owned Properties - Residential | Park Estate | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Memphis, TN | |||
Initial Cost Land | $ 178 | |||
Initial Cost Buildings and Fixtures | 1,141 | |||
Gross Amount, Land | 178 | |||
Gross Amount, Buildings and Fixtures | 4,728 | |||
Total | 4,906 | |||
Accumulated Depreciation | (3,482) | |||
Net | $ 1,424 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1974 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1977 | |||
Wholly Owned Properties - Residential | Park Estate | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,587 | |||
Wholly Owned Properties - Residential | Reserve At Dexter Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Memphis, TN | |||
Initial Cost Land | $ 1,260 | |||
Initial Cost Buildings and Fixtures | 16,043 | |||
Gross Amount, Land | 3,407 | |||
Gross Amount, Buildings and Fixtures | 59,923 | |||
Total | 63,330 | |||
Accumulated Depreciation | (30,350) | |||
Net | $ 32,980 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Reserve At Dexter Lake | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,147 | |||
Wholly Owned Properties - Residential | Reserve At Dexter Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 43,880 | |||
Wholly Owned Properties - Residential | Paddock Club Murfreesboro | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Murfreesboro, TN | |||
Initial Cost Land | $ 915 | |||
Initial Cost Buildings and Fixtures | 14,774 | |||
Gross Amount, Land | 915 | |||
Gross Amount, Buildings and Fixtures | 18,818 | |||
Total | 19,733 | |||
Accumulated Depreciation | (10,577) | |||
Net | $ 9,156 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Paddock Club Murfreesboro | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,044 | |||
Wholly Owned Properties - Residential | Acklen West End | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 12,761 | |||
Initial Cost Buildings and Fixtures | 58,906 | |||
Gross Amount, Land | 12,761 | |||
Gross Amount, Buildings and Fixtures | 60,620 | |||
Total | 73,381 | |||
Accumulated Depreciation | (6,643) | |||
Net | $ 66,738 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | Acklen West End | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,714 | |||
Wholly Owned Properties - Residential | Aventura At Indian Lake Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 4,950 | |||
Initial Cost Buildings and Fixtures | 28,053 | |||
Gross Amount, Land | 4,950 | |||
Gross Amount, Buildings and Fixtures | 30,800 | |||
Total | 35,750 | |||
Accumulated Depreciation | (9,845) | |||
Net | $ 25,905 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Aventura At Indian Lake Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,747 | |||
Wholly Owned Properties - Residential | Avondale At Kennesaw | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 3,456 | |||
Initial Cost Buildings and Fixtures | 22,443 | |||
Gross Amount, Land | 3,456 | |||
Gross Amount, Buildings and Fixtures | 26,454 | |||
Total | 29,910 | |||
Accumulated Depreciation | (9,468) | |||
Net | $ 20,442 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Avondale At Kennesaw | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,011 | |||
Wholly Owned Properties - Residential | Brentwood Downs | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 1,193 | |||
Initial Cost Buildings and Fixtures | 10,739 | |||
Gross Amount, Land | 1,191 | |||
Gross Amount, Buildings and Fixtures | 19,685 | |||
Total | 20,876 | |||
Accumulated Depreciation | (13,542) | |||
Net | $ 7,334 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Brentwood Downs | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (2) | |||
Wholly Owned Properties - Residential | Brentwood Downs | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,946 | |||
Wholly Owned Properties - Residential | Charlotteat M Idtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 7,898 | |||
Initial Cost Buildings and Fixtures | 54,480 | |||
Gross Amount, Land | 7,898 | |||
Gross Amount, Buildings and Fixtures | 56,172 | |||
Total | 64,070 | |||
Accumulated Depreciation | (6,139) | |||
Net | $ 57,931 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2016 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2017 | |||
Wholly Owned Properties - Residential | Charlotteat M Idtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,692 | |||
Wholly Owned Properties - Residential | Colonial Grand At Bellevue | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 17,278 | |||
Initial Cost Buildings and Fixtures | 64,196 | |||
Gross Amount, Land | 17,276 | |||
Gross Amount, Buildings and Fixtures | 69,773 | |||
Total | 87,049 | |||
Accumulated Depreciation | (17,249) | |||
Net | $ 69,800 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Bellevue | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Wholly Owned Properties - Residential | Colonial Grand At Bellevue | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Colonial Grand At Bellevue | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (2) | |||
Wholly Owned Properties - Residential | Colonial Grand At Bellevue | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,577 | |||
Wholly Owned Properties - Residential | Grand View Nashville | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 2,963 | |||
Initial Cost Buildings and Fixtures | 33,673 | |||
Gross Amount, Land | 2,963 | |||
Gross Amount, Buildings and Fixtures | 42,450 | |||
Total | 45,413 | |||
Accumulated Depreciation | (22,334) | |||
Net | $ 23,079 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Grand View Nashville | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,777 | |||
Wholly Owned Properties - Residential | Monthaven Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 2,736 | |||
Initial Cost Buildings and Fixtures | 28,902 | |||
Gross Amount, Land | 2,736 | |||
Gross Amount, Buildings and Fixtures | 35,148 | |||
Total | 37,884 | |||
Accumulated Depreciation | (19,946) | |||
Net | $ 17,938 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | Monthaven Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,246 | |||
Wholly Owned Properties - Residential | Park At Hermitage | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 1,524 | |||
Initial Cost Buildings and Fixtures | 14,800 | |||
Gross Amount, Land | 1,524 | |||
Gross Amount, Buildings and Fixtures | 23,639 | |||
Total | 25,163 | |||
Accumulated Depreciation | (18,064) | |||
Net | $ 7,099 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Park At Hermitage | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,839 | |||
Wholly Owned Properties - Residential | Venue At Cool Springs | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 6,670 | |||
Gross Amount, Land | 6,670 | |||
Gross Amount, Buildings and Fixtures | 52,837 | |||
Total | 59,507 | |||
Accumulated Depreciation | (11,775) | |||
Net | $ 47,732 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Venue At Cool Springs | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 52,837 | |||
Wholly Owned Properties - Residential | Verandas At Sam Ridley | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Nashville, TN | |||
Initial Cost Land | $ 3,350 | |||
Initial Cost Buildings and Fixtures | 28,308 | |||
Gross Amount, Land | 3,350 | |||
Gross Amount, Buildings and Fixtures | 32,200 | |||
Total | 35,550 | |||
Accumulated Depreciation | (11,401) | |||
Net | $ 24,149 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Verandas At Sam Ridley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,892 | |||
Wholly Owned Properties - Residential | Balcones Woods | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 1,598 | |||
Initial Cost Buildings and Fixtures | 14,398 | |||
Gross Amount, Land | 1,598 | |||
Gross Amount, Buildings and Fixtures | 24,183 | |||
Total | 25,781 | |||
Accumulated Depreciation | (17,292) | |||
Net | $ 8,489 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1983 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | Balcones Woods | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,785 | |||
Wholly Owned Properties - Residential | Colonial Grand At Canyon Creek Austin Tx | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,621 | |||
Initial Cost Buildings and Fixtures | 32,137 | |||
Gross Amount, Land | 3,621 | |||
Gross Amount, Buildings and Fixtures | 34,349 | |||
Total | 37,970 | |||
Accumulated Depreciation | (10,837) | |||
Net | $ 27,133 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Canyon Creek Austin Tx | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,212 | |||
Wholly Owned Properties - Residential | Colonial Grand at Canyon Pointe | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,778 | |||
Initial Cost Buildings and Fixtures | 20,201 | |||
Gross Amount, Land | 3,778 | |||
Gross Amount, Buildings and Fixtures | 22,981 | |||
Total | 26,759 | |||
Accumulated Depreciation | (7,995) | |||
Net | $ 18,764 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Canyon Pointe | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,780 | |||
Wholly Owned Properties - Residential | Colonial Grand At Double Creek Austin Tx | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,131 | |||
Initial Cost Buildings and Fixtures | 29,375 | |||
Gross Amount, Land | 3,131 | |||
Gross Amount, Buildings and Fixtures | 30,659 | |||
Total | 33,790 | |||
Accumulated Depreciation | (9,669) | |||
Net | $ 24,121 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Double Creek Austin Tx | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,284 | |||
Wholly Owned Properties - Residential | Colonial Grand At Onion Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 4,902 | |||
Initial Cost Buildings and Fixtures | 33,010 | |||
Gross Amount, Land | 4,902 | |||
Gross Amount, Buildings and Fixtures | 35,692 | |||
Total | 40,594 | |||
Accumulated Depreciation | (11,464) | |||
Net | $ 29,130 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Onion Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,682 | |||
Wholly Owned Properties - Residential | Colonial Grand At Wells Branch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,094 | |||
Initial Cost Buildings and Fixtures | 32,283 | |||
Gross Amount, Land | 3,388 | |||
Gross Amount, Buildings and Fixtures | 34,570 | |||
Total | 37,958 | |||
Accumulated Depreciation | (10,328) | |||
Net | $ 27,630 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand At Wells Branch | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 294 | |||
Wholly Owned Properties - Residential | Colonial Grand At Wells Branch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,287 | |||
Wholly Owned Properties - Residential | Colonial Village At Quarry Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 4,621 | |||
Initial Cost Buildings and Fixtures | 34,461 | |||
Gross Amount, Land | 4,621 | |||
Gross Amount, Buildings and Fixtures | 41,758 | |||
Total | 46,379 | |||
Accumulated Depreciation | (14,463) | |||
Net | $ 31,916 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Quarry Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,297 | |||
Wholly Owned Properties - Residential | Grand Reserve At Sunset Valley | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 3,150 | |||
Initial Cost Buildings and Fixtures | 11,393 | |||
Gross Amount, Land | 3,150 | |||
Gross Amount, Buildings and Fixtures | 15,457 | |||
Total | 18,607 | |||
Accumulated Depreciation | (8,415) | |||
Net | $ 10,192 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | Grand Reserve At Sunset Valley | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,064 | |||
Wholly Owned Properties - Residential | Legacy At Western Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 9,100 | |||
Initial Cost Buildings and Fixtures | 49,339 | |||
Gross Amount, Land | 9,100 | |||
Gross Amount, Buildings and Fixtures | 50,958 | |||
Total | 60,058 | |||
Accumulated Depreciation | (15,957) | |||
Net | $ 44,101 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Legacy At Western Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,619 | |||
Wholly Owned Properties - Residential | Post Barton Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 8,683 | |||
Initial Cost Buildings and Fixtures | 21,497 | |||
Gross Amount, Land | 8,683 | |||
Gross Amount, Buildings and Fixtures | 23,276 | |||
Total | 31,959 | |||
Accumulated Depreciation | (4,315) | |||
Net | $ 27,644 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Barton Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,779 | |||
Wholly Owned Properties - Residential | Post Park Mesa | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 4,653 | |||
Initial Cost Buildings and Fixtures | 19,828 | |||
Gross Amount, Land | 4,653 | |||
Gross Amount, Buildings and Fixtures | 21,154 | |||
Total | 25,807 | |||
Accumulated Depreciation | (3,423) | |||
Net | $ 22,384 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1992 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Park Mesa | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,326 | |||
Wholly Owned Properties - Residential | Post South Lamar | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 11,542 | |||
Initial Cost Buildings and Fixtures | 41,293 | |||
Gross Amount, Land | 11,542 | |||
Gross Amount, Buildings and Fixtures | 44,997 | |||
Total | 56,539 | |||
Accumulated Depreciation | (8,822) | |||
Net | $ 47,717 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post South Lamar | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,704 | |||
Wholly Owned Properties - Residential | Post South Lamar I I | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 9,000 | |||
Initial Cost Buildings and Fixtures | 32,800 | |||
Gross Amount, Land | 9,000 | |||
Gross Amount, Buildings and Fixtures | 52,934 | |||
Total | 61,934 | |||
Accumulated Depreciation | (5,292) | |||
Net | $ 56,642 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post South Lamar I I | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 20,134 | |||
Wholly Owned Properties - Residential | Post West Austin | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 7,805 | |||
Initial Cost Buildings and Fixtures | 48,843 | |||
Gross Amount, Land | 7,805 | |||
Gross Amount, Buildings and Fixtures | 51,046 | |||
Total | 58,851 | |||
Accumulated Depreciation | (9,935) | |||
Net | $ 48,916 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post West Austin | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,203 | |||
Wholly Owned Properties - Residential | Silverado at Brushy Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 2,900 | |||
Initial Cost Buildings and Fixtures | 24,009 | |||
Gross Amount, Land | 2,900 | |||
Gross Amount, Buildings and Fixtures | 28,797 | |||
Total | 31,697 | |||
Accumulated Depreciation | (14,486) | |||
Net | $ 17,211 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Silverado at Brushy Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,788 | |||
Wholly Owned Properties - Residential | Sixty 600 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 2,281 | |||
Initial Cost Buildings and Fixtures | 6,169 | |||
Gross Amount, Land | 2,281 | |||
Gross Amount, Buildings and Fixtures | 13,963 | |||
Total | 16,244 | |||
Accumulated Depreciation | (9,297) | |||
Net | $ 6,947 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Sixty 600 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,794 | |||
Wholly Owned Properties - Residential | Stassney Woods | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 1,621 | |||
Initial Cost Buildings and Fixtures | 7,501 | |||
Gross Amount, Land | 1,621 | |||
Gross Amount, Buildings and Fixtures | 15,904 | |||
Total | 17,525 | |||
Accumulated Depreciation | (10,580) | |||
Net | $ 6,945 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Stassney Woods | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,403 | |||
Wholly Owned Properties - Residential | The Woods on Barton Skyway | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 1,405 | |||
Initial Cost Buildings and Fixtures | 12,769 | |||
Gross Amount, Land | 1,405 | |||
Gross Amount, Buildings and Fixtures | 24,812 | |||
Total | 26,217 | |||
Accumulated Depreciation | (12,214) | |||
Net | $ 14,003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1977 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1997 | |||
Wholly Owned Properties - Residential | The Woods on Barton Skyway | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 12,043 | |||
Wholly Owned Properties - Residential | Colonial Village at Shoal Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Bedford, TX | |||
Initial Cost Land | $ 4,982 | |||
Initial Cost Buildings and Fixtures | 27,377 | |||
Gross Amount, Land | 4,982 | |||
Gross Amount, Buildings and Fixtures | 31,840 | |||
Total | 36,822 | |||
Accumulated Depreciation | (10,699) | |||
Net | $ 26,123 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Shoal Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,463 | |||
Wholly Owned Properties - Residential | Colonial Village at Willow Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Bedford, TX | |||
Initial Cost Land | $ 3,109 | |||
Initial Cost Buildings and Fixtures | 33,488 | |||
Gross Amount, Land | 3,109 | |||
Gross Amount, Buildings and Fixtures | 42,453 | |||
Total | 45,562 | |||
Accumulated Depreciation | (14,258) | |||
Net | $ 31,304 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Willow Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,965 | |||
Wholly Owned Properties - Residential | Colonial Grand at Hebron | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Carrollton, TX | |||
Initial Cost Land | $ 4,231 | |||
Initial Cost Buildings and Fixtures | 42,237 | |||
Gross Amount, Land | 4,231 | |||
Gross Amount, Buildings and Fixtures | 44,553 | |||
Total | 48,784 | |||
Accumulated Depreciation | (12,640) | |||
Net | $ 36,144 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Hebron | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,316 | |||
Wholly Owned Properties - Residential | Colonial Grand at Silverado | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cedar Park, TX | |||
Initial Cost Land | $ 3,282 | |||
Initial Cost Buildings and Fixtures | 24,935 | |||
Gross Amount, Land | 3,282 | |||
Gross Amount, Buildings and Fixtures | 26,781 | |||
Total | 30,063 | |||
Accumulated Depreciation | (8,371) | |||
Net | $ 21,692 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Silverado | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,846 | |||
Wholly Owned Properties - Residential | Colonial Grand at Silverado Reserve | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cedar Park, TX | |||
Initial Cost Land | $ 3,951 | |||
Initial Cost Buildings and Fixtures | 31,705 | |||
Gross Amount, Land | 3,951 | |||
Gross Amount, Buildings and Fixtures | 34,293 | |||
Total | 38,244 | |||
Accumulated Depreciation | (10,495) | |||
Net | $ 27,749 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2005 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Silverado Reserve | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,588 | |||
Wholly Owned Properties - Residential | Grand Cypress | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Cypress, TX | |||
Initial Cost Land | $ 3,881 | |||
Initial Cost Buildings and Fixtures | 24,267 | |||
Gross Amount, Land | 3,881 | |||
Gross Amount, Buildings and Fixtures | 26,081 | |||
Total | 29,962 | |||
Accumulated Depreciation | (6,036) | |||
Net | $ 23,926 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Grand Cypress | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,814 | |||
Wholly Owned Properties - Residential | Colonial Reserve at Medical District | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 4,050 | |||
Initial Cost Buildings and Fixtures | 33,779 | |||
Gross Amount, Land | 4,050 | |||
Gross Amount, Buildings and Fixtures | 36,594 | |||
Total | 40,644 | |||
Accumulated Depreciation | (10,055) | |||
Net | $ 30,589 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Reserve at Medical District | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,815 | |||
Wholly Owned Properties - Residential | Courtyards at Campbell | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 988 | |||
Initial Cost Buildings and Fixtures | 8,893 | |||
Gross Amount, Land | 988 | |||
Gross Amount, Buildings and Fixtures | 13,220 | |||
Total | 14,208 | |||
Accumulated Depreciation | (9,130) | |||
Net | $ 5,078 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Courtyards at Campbell | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,327 | |||
Wholly Owned Properties - Residential | Deer Run | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 1,252 | |||
Initial Cost Buildings and Fixtures | 11,271 | |||
Gross Amount, Land | 1,252 | |||
Gross Amount, Buildings and Fixtures | 16,305 | |||
Total | 17,557 | |||
Accumulated Depreciation | (11,804) | |||
Net | $ 5,753 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Deer Run | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,034 | |||
Wholly Owned Properties - Residential | Grand Courtyards | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 2,730 | |||
Initial Cost Buildings and Fixtures | 22,240 | |||
Gross Amount, Land | 2,730 | |||
Gross Amount, Buildings and Fixtures | 27,088 | |||
Total | 29,818 | |||
Accumulated Depreciation | (13,175) | |||
Net | $ 16,643 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Grand Courtyards | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,848 | |||
Wholly Owned Properties - Residential | Legends at Lowe's Farm | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 5,016 | |||
Initial Cost Buildings and Fixtures | 41,091 | |||
Gross Amount, Land | 5,016 | |||
Gross Amount, Buildings and Fixtures | 44,007 | |||
Total | 49,023 | |||
Accumulated Depreciation | (14,543) | |||
Net | $ 34,480 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Legends at Lowe's Farm | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,916 | |||
Wholly Owned Properties - Residential | MAA Frisco Bridges I/III | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 8,745 | |||
Initial Cost Buildings and Fixtures | 66,571 | |||
Gross Amount, Land | 8,745 | |||
Gross Amount, Buildings and Fixtures | 70,467 | |||
Total | 79,212 | |||
Accumulated Depreciation | (16,574) | |||
Net | $ 62,638 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Frisco Bridges I/III | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,896 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 13,178 | |||
Initial Cost Buildings and Fixtures | 24,048 | |||
Gross Amount, Land | 13,178 | |||
Gross Amount, Buildings and Fixtures | 28,296 | |||
Total | 41,474 | |||
Accumulated Depreciation | (4,339) | |||
Net | $ 37,135 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,248 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue II | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 13,621 | |||
Initial Cost Buildings and Fixtures | 8,608 | |||
Gross Amount, Land | 13,621 | |||
Gross Amount, Buildings and Fixtures | 11,334 | |||
Total | 24,955 | |||
Accumulated Depreciation | (1,984) | |||
Net | $ 22,971 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue II | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,726 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue III | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 7,966 | |||
Initial Cost Buildings and Fixtures | 7,471 | |||
Gross Amount, Land | 7,966 | |||
Gross Amount, Buildings and Fixtures | 9,407 | |||
Total | 17,373 | |||
Accumulated Depreciation | (1,565) | |||
Net | $ 15,808 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA McKinney Avenue III | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,936 | |||
Wholly Owned Properties - Residential | MAA Worthington | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 13,713 | |||
Initial Cost Buildings and Fixtures | 43,268 | |||
Gross Amount, Land | 13,713 | |||
Gross Amount, Buildings and Fixtures | 49,324 | |||
Total | 63,037 | |||
Accumulated Depreciation | (7,368) | |||
Net | $ 55,669 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | MAA Worthington | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
Wholly Owned Properties - Residential | MAA Worthington | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | MAA Worthington | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,056 | |||
Wholly Owned Properties - Residential | Post Abbey | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 2,711 | |||
Initial Cost Buildings and Fixtures | 4,369 | |||
Gross Amount, Land | 2,711 | |||
Gross Amount, Buildings and Fixtures | 4,772 | |||
Total | 7,483 | |||
Accumulated Depreciation | (813) | |||
Net | $ 6,670 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Abbey | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 403 | |||
Wholly Owned Properties - Residential | Post Addison Circle | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 12,308 | |||
Initial Cost Buildings and Fixtures | 189,419 | |||
Gross Amount, Land | 12,308 | |||
Gross Amount, Buildings and Fixtures | 204,421 | |||
Total | 216,729 | |||
Accumulated Depreciation | (33,343) | |||
Net | $ 183,386 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Addison Circle | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Post Addison Circle | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Wholly Owned Properties - Residential | Post Addison Circle | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 15,002 | |||
Wholly Owned Properties - Residential | Post Cole's Corner | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 13,030 | |||
Initial Cost Buildings and Fixtures | 14,383 | |||
Gross Amount, Land | 13,030 | |||
Gross Amount, Buildings and Fixtures | 17,358 | |||
Total | 30,388 | |||
Accumulated Depreciation | (3,309) | |||
Net | $ 27,079 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Cole's Corner | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,975 | |||
Wholly Owned Properties - Residential | Post Eastside | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 7,134 | |||
Initial Cost Buildings and Fixtures | 58,095 | |||
Gross Amount, Land | 7,134 | |||
Gross Amount, Buildings and Fixtures | 60,488 | |||
Total | 67,622 | |||
Accumulated Depreciation | (10,636) | |||
Net | $ 56,986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Eastside | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,393 | |||
Wholly Owned Properties - Residential | Post Gallery | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 4,391 | |||
Initial Cost Buildings and Fixtures | 7,910 | |||
Gross Amount, Land | 4,391 | |||
Gross Amount, Buildings and Fixtures | 8,989 | |||
Total | 13,380 | |||
Accumulated Depreciation | (1,852) | |||
Net | $ 11,528 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Gallery | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,079 | |||
Wholly Owned Properties - Residential | Post Heights | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 26,245 | |||
Initial Cost Buildings and Fixtures | 37,922 | |||
Gross Amount, Land | 26,245 | |||
Gross Amount, Buildings and Fixtures | 40,342 | |||
Total | 66,587 | |||
Accumulated Depreciation | (7,074) | |||
Net | $ 59,513 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Heights | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Post Heights | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
Wholly Owned Properties - Residential | Post Heights | Phase III [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Post Heights | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,420 | |||
Wholly Owned Properties - Residential | Post Katy Trail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 10,333 | |||
Initial Cost Buildings and Fixtures | 32,456 | |||
Gross Amount, Land | 10,333 | |||
Gross Amount, Buildings and Fixtures | 33,830 | |||
Total | 44,163 | |||
Accumulated Depreciation | (5,130) | |||
Net | $ 39,033 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Katy Trail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,374 | |||
Wholly Owned Properties - Residential | Post Legacy | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 6,575 | |||
Initial Cost Buildings and Fixtures | 55,277 | |||
Gross Amount, Land | 6,575 | |||
Gross Amount, Buildings and Fixtures | 60,058 | |||
Total | 66,633 | |||
Accumulated Depreciation | (9,694) | |||
Net | $ 56,939 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Legacy | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,781 | |||
Wholly Owned Properties - Residential | Post Meridian | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 8,780 | |||
Initial Cost Buildings and Fixtures | 13,654 | |||
Gross Amount, Land | 8,780 | |||
Gross Amount, Buildings and Fixtures | 14,493 | |||
Total | 23,273 | |||
Accumulated Depreciation | (2,611) | |||
Net | $ 20,662 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1991 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Meridian | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 839 | |||
Wholly Owned Properties - Residential | Post Uptown Village | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 34,974 | |||
Initial Cost Buildings and Fixtures | 33,213 | |||
Gross Amount, Land | 34,974 | |||
Gross Amount, Buildings and Fixtures | 39,182 | |||
Total | 74,156 | |||
Accumulated Depreciation | (7,154) | |||
Net | $ 67,002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Uptown Village | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Post Uptown Village | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Wholly Owned Properties - Residential | Post Uptown Village | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,969 | |||
Wholly Owned Properties - Residential | Watermark | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 960 | |||
Initial Cost Buildings and Fixtures | 14,438 | |||
Gross Amount, Land | 960 | |||
Gross Amount, Buildings and Fixtures | 17,518 | |||
Total | 18,478 | |||
Accumulated Depreciation | (9,748) | |||
Net | $ 8,730 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | Watermark | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,080 | |||
Wholly Owned Properties - Residential | Colonial Grand at Bear Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Euless, TX | |||
Initial Cost Land | $ 6,453 | |||
Initial Cost Buildings and Fixtures | 30,048 | |||
Gross Amount, Land | 6,453 | |||
Gross Amount, Buildings and Fixtures | 33,685 | |||
Total | 40,138 | |||
Accumulated Depreciation | (11,649) | |||
Net | $ 28,489 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Bear Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,637 | |||
Wholly Owned Properties - Residential | Colonial Grand at Fairview | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fairview, TX | |||
Initial Cost Land | $ 2,171 | |||
Initial Cost Buildings and Fixtures | 35,077 | |||
Gross Amount, Land | 2,171 | |||
Gross Amount, Buildings and Fixtures | 36,468 | |||
Total | 38,639 | |||
Accumulated Depreciation | (10,300) | |||
Net | $ 28,339 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Fairview | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,391 | |||
Wholly Owned Properties - Residential | La Valencia at Starwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Frisco, TX | |||
Initial Cost Land | $ 3,240 | |||
Initial Cost Buildings and Fixtures | 26,069 | |||
Gross Amount, Land | 3,240 | |||
Gross Amount, Buildings and Fixtures | 28,110 | |||
Total | 31,350 | |||
Accumulated Depreciation | (10,144) | |||
Net | $ 21,206 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | La Valencia at Starwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,041 | |||
Wholly Owned Properties - Residential | Colonial Village at Grapevine | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Grapevine, TX | |||
Initial Cost Land | $ 2,351 | |||
Initial Cost Buildings and Fixtures | 29,757 | |||
Gross Amount, Land | 2,351 | |||
Gross Amount, Buildings and Fixtures | 36,742 | |||
Total | 39,093 | |||
Accumulated Depreciation | (11,674) | |||
Net | $ 27,419 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Grapevine | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1985 | |||
Wholly Owned Properties - Residential | Colonial Village at Grapevine | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
Wholly Owned Properties - Residential | Colonial Village at Grapevine | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,985 | |||
Wholly Owned Properties - Residential | Greenwood Forest | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 3,465 | |||
Initial Cost Buildings and Fixtures | 23,482 | |||
Gross Amount, Land | 3,465 | |||
Gross Amount, Buildings and Fixtures | 25,167 | |||
Total | 28,632 | |||
Accumulated Depreciation | (6,907) | |||
Net | $ 21,725 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Greenwood Forest | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,685 | |||
Wholly Owned Properties - Residential | Legacy Pines | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 2,157 | |||
Initial Cost Buildings and Fixtures | 19,066 | |||
Gross Amount, Land | 2,142 | |||
Gross Amount, Buildings and Fixtures | 23,238 | |||
Total | 25,380 | |||
Accumulated Depreciation | (13,617) | |||
Net | $ 11,763 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2003 | |||
Wholly Owned Properties - Residential | Legacy Pines | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (15) | |||
Wholly Owned Properties - Residential | Legacy Pines | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,172 | |||
Wholly Owned Properties - Residential | Park Place Houston | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 2,061 | |||
Initial Cost Buildings and Fixtures | 15,830 | |||
Gross Amount, Land | 2,061 | |||
Gross Amount, Buildings and Fixtures | 19,051 | |||
Total | 21,112 | |||
Accumulated Depreciation | (9,071) | |||
Net | $ 12,041 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2007 | |||
Wholly Owned Properties - Residential | Park Place Houston | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,221 | |||
Wholly Owned Properties - Residential | Post 510 | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 7,227 | |||
Initial Cost Buildings and Fixtures | 33,366 | |||
Gross Amount, Land | 7,227 | |||
Gross Amount, Buildings and Fixtures | 34,297 | |||
Total | 41,524 | |||
Accumulated Depreciation | (6,287) | |||
Net | $ 35,237 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post 510 | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 931 | |||
Wholly Owned Properties - Residential | Post at Afton Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 11,503 | |||
Initial Cost Buildings and Fixtures | 65,469 | |||
Gross Amount, Land | 11,503 | |||
Gross Amount, Buildings and Fixtures | 69,598 | |||
Total | 81,101 | |||
Accumulated Depreciation | (14,474) | |||
Net | $ 66,627 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post at Afton Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,129 | |||
Wholly Owned Properties - Residential | Post Midtown Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 19,038 | |||
Initial Cost Buildings and Fixtures | 89,570 | |||
Gross Amount, Land | 19,038 | |||
Gross Amount, Buildings and Fixtures | 94,278 | |||
Total | 113,316 | |||
Accumulated Depreciation | (16,178) | |||
Net | $ 97,138 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Midtown Square | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
Wholly Owned Properties - Residential | Post Midtown Square | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Post Midtown Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,708 | |||
Wholly Owned Properties - Residential | Ranchstone | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 1,480 | |||
Initial Cost Buildings and Fixtures | 14,807 | |||
Gross Amount, Land | 1,480 | |||
Gross Amount, Buildings and Fixtures | 18,150 | |||
Total | 19,630 | |||
Accumulated Depreciation | (8,367) | |||
Net | $ 11,263 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2007 | |||
Wholly Owned Properties - Residential | Ranchstone | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,343 | |||
Wholly Owned Properties - Residential | Reserve at Woodwind Lakes | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 1,968 | |||
Initial Cost Buildings and Fixtures | 19,928 | |||
Gross Amount, Land | 1,968 | |||
Gross Amount, Buildings and Fixtures | 24,479 | |||
Total | 26,447 | |||
Accumulated Depreciation | (11,956) | |||
Net | $ 14,491 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Reserve at Woodwind Lakes | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,551 | |||
Wholly Owned Properties - Residential | Retreat at Vintage Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 8,211 | |||
Initial Cost Buildings and Fixtures | 40,352 | |||
Gross Amount, Land | 8,211 | |||
Gross Amount, Buildings and Fixtures | 42,056 | |||
Total | 50,267 | |||
Accumulated Depreciation | (6,774) | |||
Net | $ 43,493 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | Retreat at Vintage Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,704 | |||
Wholly Owned Properties - Residential | Yale at 6th | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 13,107 | |||
Initial Cost Buildings and Fixtures | 62,764 | |||
Gross Amount, Land | 13,107 | |||
Gross Amount, Buildings and Fixtures | 64,873 | |||
Total | 77,980 | |||
Accumulated Depreciation | (8,309) | |||
Net | $ 69,671 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Yale at 6th | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,109 | |||
Wholly Owned Properties - Residential | Cascade at Fall Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Humble, TX | |||
Initial Cost Land | $ 5,985 | |||
Initial Cost Buildings and Fixtures | 40,011 | |||
Gross Amount, Land | 5,985 | |||
Gross Amount, Buildings and Fixtures | 43,610 | |||
Total | 49,595 | |||
Accumulated Depreciation | (19,437) | |||
Net | $ 30,158 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2007 | |||
Wholly Owned Properties - Residential | Cascade at Fall Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,599 | |||
Wholly Owned Properties - Residential | Bella Casita | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 2,521 | |||
Initial Cost Buildings and Fixtures | 26,432 | |||
Gross Amount, Land | 2,521 | |||
Gross Amount, Buildings and Fixtures | 30,326 | |||
Total | 32,847 | |||
Accumulated Depreciation | (10,396) | |||
Net | $ 22,451 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Bella Casita | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,894 | |||
Wholly Owned Properties - Residential | Colonial Grand at Valley Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 5,072 | |||
Initial Cost Buildings and Fixtures | 37,397 | |||
Gross Amount, Land | 5,072 | |||
Gross Amount, Buildings and Fixtures | 51,184 | |||
Total | 56,256 | |||
Accumulated Depreciation | (17,704) | |||
Net | $ 38,552 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Valley Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13,787 | |||
Wholly Owned Properties - Residential | Colonial Reserve at Las Colinas | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 3,902 | |||
Initial Cost Buildings and Fixtures | 40,691 | |||
Gross Amount, Land | 3,902 | |||
Gross Amount, Buildings and Fixtures | 43,102 | |||
Total | 47,004 | |||
Accumulated Depreciation | (11,879) | |||
Net | $ 35,125 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Reserve at Las Colinas | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,411 | |||
Wholly Owned Properties - Residential | Remington Hills | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 4,390 | |||
Initial Cost Buildings and Fixtures | 21,822 | |||
Gross Amount, Land | 4,390 | |||
Gross Amount, Buildings and Fixtures | 34,395 | |||
Total | 38,785 | |||
Accumulated Depreciation | (10,890) | |||
Net | $ 27,895 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Remington Hills | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 12,573 | |||
Wholly Owned Properties - Residential | Colonial Village at Oakbend | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Lewisville, TX | |||
Initial Cost Land | $ 5,598 | |||
Initial Cost Buildings and Fixtures | 28,616 | |||
Gross Amount, Land | 5,598 | |||
Gross Amount, Buildings and Fixtures | 34,316 | |||
Total | 39,914 | |||
Accumulated Depreciation | (11,122) | |||
Net | $ 28,792 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Oakbend | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,700 | |||
Wholly Owned Properties - Residential | Times Square at Craig Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | McKinney, TX | |||
Initial Cost Land | $ 1,130 | |||
Initial Cost Buildings and Fixtures | 28,058 | |||
Gross Amount, Land | 1,130 | |||
Gross Amount, Buildings and Fixtures | 33,716 | |||
Total | 34,846 | |||
Accumulated Depreciation | (12,315) | |||
Net | $ 22,531 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Wholly Owned Properties - Residential | Times Square at Craig Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,658 | |||
Wholly Owned Properties - Residential | Venue at Stonebridge Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | McKinney, TX | |||
Initial Cost Land | $ 4,034 | |||
Initial Cost Buildings and Fixtures | 19,528 | |||
Gross Amount, Land | 4,034 | |||
Gross Amount, Buildings and Fixtures | 21,972 | |||
Total | 26,006 | |||
Accumulated Depreciation | (5,556) | |||
Net | $ 20,450 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Venue at Stonebridge Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,444 | |||
Wholly Owned Properties - Residential | Cityscape at Market Center | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Plano, TX | |||
Initial Cost Land | $ 16,894 | |||
Initial Cost Buildings and Fixtures | 110,705 | |||
Gross Amount, Land | 16,894 | |||
Gross Amount, Buildings and Fixtures | 114,781 | |||
Total | 131,675 | |||
Accumulated Depreciation | (17,834) | |||
Net | $ 113,841 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | Cityscape at Market Center | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Cityscape at Market Center | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Cityscape at Market Center | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,076 | |||
Wholly Owned Properties - Residential | Highwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Plano, TX | |||
Initial Cost Land | $ 864 | |||
Initial Cost Buildings and Fixtures | 7,783 | |||
Gross Amount, Land | 864 | |||
Gross Amount, Buildings and Fixtures | 11,178 | |||
Total | 12,042 | |||
Accumulated Depreciation | (7,906) | |||
Net | $ 4,136 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1983 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1998 | |||
Wholly Owned Properties - Residential | Highwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,395 | |||
Wholly Owned Properties - Residential | Los Rios Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Plano, TX | |||
Initial Cost Land | $ 3,273 | |||
Initial Cost Buildings and Fixtures | 28,823 | |||
Gross Amount, Land | 3,273 | |||
Gross Amount, Buildings and Fixtures | 35,938 | |||
Total | 39,211 | |||
Accumulated Depreciation | (20,443) | |||
Net | $ 18,768 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2003 | |||
Wholly Owned Properties - Residential | Los Rios Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,115 | |||
Wholly Owned Properties - Residential | Boulder Ridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Roanoke, TX | |||
Initial Cost Land | $ 3,382 | |||
Initial Cost Buildings and Fixtures | 26,930 | |||
Gross Amount, Land | 3,382 | |||
Gross Amount, Buildings and Fixtures | 33,980 | |||
Total | 37,362 | |||
Accumulated Depreciation | (17,563) | |||
Net | $ 19,799 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2005 | |||
Wholly Owned Properties - Residential | Boulder Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,050 | |||
Wholly Owned Properties - Residential | Copper Ridge | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Roanoke, TX | |||
Initial Cost Land | $ 3,336 | |||
Gross Amount, Land | 3,336 | |||
Gross Amount, Buildings and Fixtures | 22,762 | |||
Total | 26,098 | |||
Accumulated Depreciation | (7,161) | |||
Net | $ 18,937 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | Copper Ridge | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 22,762 | |||
Wholly Owned Properties - Residential | Copper Ridge II | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Roanoke, TX | |||
Initial Cost Land | $ 830 | |||
Gross Amount, Land | 830 | |||
Gross Amount, Buildings and Fixtures | 25,427 | |||
Total | 26,257 | |||
Accumulated Depreciation | (1,012) | |||
Net | $ 25,245 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2020 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2008 | |||
Wholly Owned Properties - Residential | Copper Ridge II | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 25,427 | |||
Wholly Owned Properties - Residential | Colonial Grand at Ashton Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Round Rock, TX | |||
Initial Cost Land | $ 5,511 | |||
Initial Cost Buildings and Fixtures | 36,241 | |||
Gross Amount, Land | 5,511 | |||
Gross Amount, Buildings and Fixtures | 38,902 | |||
Total | 44,413 | |||
Accumulated Depreciation | (12,248) | |||
Net | $ 32,165 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Ashton Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,661 | |||
Wholly Owned Properties - Residential | Colonial Grand at Round Rock | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Round Rock, TX | |||
Initial Cost Land | $ 4,691 | |||
Initial Cost Buildings and Fixtures | 45,379 | |||
Gross Amount, Land | 4,691 | |||
Gross Amount, Buildings and Fixtures | 48,443 | |||
Total | 53,134 | |||
Accumulated Depreciation | (14,797) | |||
Net | $ 38,337 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Grand at Round Rock | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,064 | |||
Wholly Owned Properties - Residential | Colonial Village at Sierra Vista | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Round Rock, TX | |||
Initial Cost Land | $ 2,561 | |||
Initial Cost Buildings and Fixtures | 16,488 | |||
Gross Amount, Land | 2,561 | |||
Gross Amount, Buildings and Fixtures | 20,778 | |||
Total | 23,339 | |||
Accumulated Depreciation | (7,251) | |||
Net | $ 16,088 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Sierra Vista | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,290 | |||
Wholly Owned Properties - Residential | Alamo Ranch | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | San Antonio, TX | |||
Initial Cost Land | $ 2,380 | |||
Initial Cost Buildings and Fixtures | 26,982 | |||
Gross Amount, Land | 2,380 | |||
Gross Amount, Buildings and Fixtures | 30,140 | |||
Total | 32,520 | |||
Accumulated Depreciation | (10,753) | |||
Net | $ 21,767 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Alamo Ranch | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,158 | |||
Wholly Owned Properties - Residential | Bulverde Oaks | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | San Antonio, TX | |||
Initial Cost Land | $ 4,257 | |||
Initial Cost Buildings and Fixtures | 36,759 | |||
Gross Amount, Land | 4,257 | |||
Gross Amount, Buildings and Fixtures | 38,555 | |||
Total | 42,812 | |||
Accumulated Depreciation | (6,544) | |||
Net | $ 36,268 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | Bulverde Oaks | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,796 | |||
Wholly Owned Properties - Residential | Haven at Blanco | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | San Antonio, TX | |||
Initial Cost Land | $ 5,450 | |||
Initial Cost Buildings and Fixtures | 45,958 | |||
Gross Amount, Land | 5,411 | |||
Gross Amount, Buildings and Fixtures | 49,898 | |||
Total | 55,309 | |||
Accumulated Depreciation | (14,877) | |||
Net | $ 40,432 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | Haven at Blanco | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (39) | |||
Wholly Owned Properties - Residential | Haven at Blanco | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,940 | |||
Wholly Owned Properties - Residential | Stone Ranch at Westover Hills | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | San Antonio, TX | |||
Initial Cost Land | $ 4,000 | |||
Initial Cost Buildings and Fixtures | 24,992 | |||
Gross Amount, Land | 4,000 | |||
Gross Amount, Buildings and Fixtures | 28,436 | |||
Total | 32,436 | |||
Accumulated Depreciation | (10,973) | |||
Net | $ 21,463 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2009 | |||
Wholly Owned Properties - Residential | Stone Ranch at Westover Hills | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,444 | |||
Wholly Owned Properties - Residential | Cypresswood Court | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Spring, TX | |||
Initial Cost Land | $ 576 | |||
Initial Cost Buildings and Fixtures | 5,190 | |||
Gross Amount, Land | 576 | |||
Gross Amount, Buildings and Fixtures | 10,066 | |||
Total | 10,642 | |||
Accumulated Depreciation | (6,274) | |||
Net | $ 4,368 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Cypresswood Court | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,876 | |||
Wholly Owned Properties - Residential | Villages at Kirkwood | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Stafford, TX | |||
Initial Cost Land | $ 1,918 | |||
Initial Cost Buildings and Fixtures | 15,846 | |||
Gross Amount, Land | 1,918 | |||
Gross Amount, Buildings and Fixtures | 19,106 | |||
Total | 21,024 | |||
Accumulated Depreciation | (10,306) | |||
Net | $ 10,718 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2004 | |||
Wholly Owned Properties - Residential | Villages at Kirkwood | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,260 | |||
Wholly Owned Properties - Residential | Green Tree Place | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Woodlands, TX | |||
Initial Cost Land | $ 539 | |||
Initial Cost Buildings and Fixtures | 4,850 | |||
Gross Amount, Land | 539 | |||
Gross Amount, Buildings and Fixtures | 8,647 | |||
Total | 9,186 | |||
Accumulated Depreciation | (6,452) | |||
Net | $ 2,734 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1994 | |||
Wholly Owned Properties - Residential | Green Tree Place | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,797 | |||
Wholly Owned Properties - Residential | Stonefield Commons | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlottesville, VA | |||
Initial Cost Land | $ 11,044 | |||
Initial Cost Buildings and Fixtures | 36,689 | |||
Gross Amount, Land | 11,044 | |||
Gross Amount, Buildings and Fixtures | 38,428 | |||
Total | 49,472 | |||
Accumulated Depreciation | (6,655) | |||
Net | $ 42,817 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Wholly Owned Properties - Residential | Stonefield Commons | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,739 | |||
Wholly Owned Properties - Residential | Adalay Bay | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Chesapeake, VA | |||
Initial Cost Land | $ 5,280 | |||
Initial Cost Buildings and Fixtures | 31,341 | |||
Gross Amount, Land | 5,280 | |||
Gross Amount, Buildings and Fixtures | 35,205 | |||
Total | 40,485 | |||
Accumulated Depreciation | (11,284) | |||
Net | $ 29,201 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2002 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Wholly Owned Properties - Residential | Adalay Bay | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,864 | |||
Wholly Owned Properties - Residential | Apartments at Cobblestone Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fredericksburg, VA | |||
Initial Cost Land | $ 10,990 | |||
Initial Cost Buildings and Fixtures | 48,696 | |||
Gross Amount, Land | 10,990 | |||
Gross Amount, Buildings and Fixtures | 51,731 | |||
Total | 62,721 | |||
Accumulated Depreciation | (9,495) | |||
Net | $ 53,226 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Apartments at Cobblestone Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,035 | |||
Wholly Owned Properties - Residential | Colonial Village at Greenbrier | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fredericksburg, VA | |||
Initial Cost Land | $ 4,842 | |||
Initial Cost Buildings and Fixtures | 21,677 | |||
Gross Amount, Land | 4,842 | |||
Gross Amount, Buildings and Fixtures | 24,603 | |||
Total | 29,445 | |||
Accumulated Depreciation | (6,988) | |||
Net | $ 22,457 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1980 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Greenbrier | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,926 | |||
Wholly Owned Properties - Residential | Seasons at Celebrate Virginia | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fredericksburg, VA | |||
Initial Cost Land | $ 14,490 | |||
Initial Cost Buildings and Fixtures | 32,083 | |||
Gross Amount, Land | 14,490 | |||
Gross Amount, Buildings and Fixtures | 72,659 | |||
Total | 87,149 | |||
Accumulated Depreciation | (17,743) | |||
Net | $ 69,406 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Seasons at Celebrate Virginia | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 40,576 | |||
Wholly Owned Properties - Residential | Station Square at Cosner's Corner | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Fredericksburg, VA | |||
Initial Cost Land | $ 12,825 | |||
Initial Cost Buildings and Fixtures | 51,078 | |||
Gross Amount, Land | 12,825 | |||
Gross Amount, Buildings and Fixtures | 52,973 | |||
Total | 65,798 | |||
Accumulated Depreciation | (9,454) | |||
Net | $ 56,344 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Station Square at Cosner's Corner | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Station Square at Cosner's Corner | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Station Square at Cosner's Corner | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,895 | |||
Wholly Owned Properties - Residential | Colonial Village at Hampton Glen | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Glen Allen, VA | |||
Initial Cost Land | $ 4,851 | |||
Initial Cost Buildings and Fixtures | 21,678 | |||
Gross Amount, Land | 4,851 | |||
Gross Amount, Buildings and Fixtures | 25,568 | |||
Total | 30,419 | |||
Accumulated Depreciation | (7,916) | |||
Net | $ 22,503 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1986 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village at Hampton Glen | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,890 | |||
Wholly Owned Properties - Residential | Colonial Village At West End | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Glen Allen, VA | |||
Initial Cost Land | $ 4,661 | |||
Initial Cost Buildings and Fixtures | 18,908 | |||
Gross Amount, Land | 4,661 | |||
Gross Amount, Buildings and Fixtures | 22,111 | |||
Total | 26,772 | |||
Accumulated Depreciation | (6,900) | |||
Net | $ 19,872 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At West End | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,203 | |||
Wholly Owned Properties - Residential | Township | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Hampton, VA | |||
Initial Cost Land | $ 1,509 | |||
Initial Cost Buildings and Fixtures | 8,189 | |||
Gross Amount, Land | 1,509 | |||
Gross Amount, Buildings and Fixtures | 16,799 | |||
Total | 18,308 | |||
Accumulated Depreciation | (11,803) | |||
Net | $ 6,505 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1987 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 1995 | |||
Wholly Owned Properties - Residential | Township | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 8,610 | |||
Wholly Owned Properties - Residential | Colonial Village At Waterford | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Midlothian, VA | |||
Initial Cost Land | $ 6,733 | |||
Initial Cost Buildings and Fixtures | 29,221 | |||
Gross Amount, Land | 6,733 | |||
Gross Amount, Buildings and Fixtures | 34,488 | |||
Total | 41,221 | |||
Accumulated Depreciation | (11,295) | |||
Net | $ 29,926 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1989 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Waterford | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,267 | |||
Wholly Owned Properties - Residential | Radius | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Newport News, VA | |||
Initial Cost Land | $ 5,040 | |||
Initial Cost Buildings and Fixtures | 36,481 | |||
Gross Amount, Land | 5,040 | |||
Gross Amount, Buildings and Fixtures | 39,996 | |||
Total | 45,036 | |||
Accumulated Depreciation | (6,344) | |||
Net | $ 38,692 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Radius | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,515 | |||
Wholly Owned Properties - Residential | Ashley Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 4,761 | |||
Initial Cost Buildings and Fixtures | 13,365 | |||
Gross Amount, Land | 4,761 | |||
Gross Amount, Buildings and Fixtures | 16,325 | |||
Total | 21,086 | |||
Accumulated Depreciation | (5,791) | |||
Net | $ 15,295 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1988 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Ashley Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,960 | |||
Wholly Owned Properties - Residential | Colonial Village At Chase Gayton | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 6,021 | |||
Initial Cost Buildings and Fixtures | 29,004 | |||
Gross Amount, Land | 6,021 | |||
Gross Amount, Buildings and Fixtures | 33,213 | |||
Total | 39,234 | |||
Accumulated Depreciation | (10,660) | |||
Net | $ 28,574 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1984 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Colonial Village At Chase Gayton | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,209 | |||
Wholly Owned Properties - Residential | Hamptons At Hunton Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 4,930 | |||
Initial Cost Buildings and Fixtures | 35,598 | |||
Gross Amount, Land | 4,930 | |||
Gross Amount, Buildings and Fixtures | 41,868 | |||
Total | 46,798 | |||
Accumulated Depreciation | (13,740) | |||
Net | $ 33,058 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2011 | |||
Wholly Owned Properties - Residential | Hamptons At Hunton Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 6,270 | |||
Wholly Owned Properties - Residential | Retreat At West Creek | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 7,112 | |||
Initial Cost Buildings and Fixtures | 36,136 | |||
Gross Amount, Land | 7,112 | |||
Gross Amount, Buildings and Fixtures | 38,947 | |||
Total | 46,059 | |||
Accumulated Depreciation | (5,868) | |||
Net | $ 40,191 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Retreat At West Creek | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,811 | |||
Wholly Owned Properties - Residential | Retreat At West Creek I I | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Richmond, VA | |||
Initial Cost Land | $ 3,000 | |||
Gross Amount, Land | 3,000 | |||
Gross Amount, Buildings and Fixtures | 12,242 | |||
Total | 15,242 | |||
Accumulated Depreciation | (1,165) | |||
Net | $ 14,077 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Wholly Owned Properties - Residential | Retreat At West Creek I I | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 12,242 | |||
Wholly Owned Properties - Residential | Post Carlyle Square | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 29,728 | |||
Initial Cost Buildings and Fixtures | 154,309 | |||
Gross Amount, Land | 29,728 | |||
Gross Amount, Buildings and Fixtures | 158,335 | |||
Total | 188,063 | |||
Accumulated Depreciation | (24,500) | |||
Net | $ 163,563 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Carlyle Square | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
Wholly Owned Properties - Residential | Post Carlyle Square | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Wholly Owned Properties - Residential | Post Carlyle Square | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,026 | |||
Wholly Owned Properties - Residential | Post Corners At Trinity Center | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 7,664 | |||
Initial Cost Buildings and Fixtures | 70,012 | |||
Gross Amount, Land | 7,664 | |||
Gross Amount, Buildings and Fixtures | 72,430 | |||
Total | 80,094 | |||
Accumulated Depreciation | (11,401) | |||
Net | $ 68,693 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Corners At Trinity Center | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,418 | |||
Wholly Owned Properties - Residential | Post Fallsgrove | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 17,524 | |||
Initial Cost Buildings and Fixtures | 58,896 | |||
Gross Amount, Land | 17,524 | |||
Gross Amount, Buildings and Fixtures | 62,573 | |||
Total | 80,097 | |||
Accumulated Depreciation | (10,264) | |||
Net | $ 69,833 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2003 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Fallsgrove | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 3,677 | |||
Wholly Owned Properties - Residential | Post Park | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 5,355 | |||
Initial Cost Buildings and Fixtures | 79,842 | |||
Gross Amount, Land | 5,355 | |||
Gross Amount, Buildings and Fixtures | 82,394 | |||
Total | 87,749 | |||
Accumulated Depreciation | (16,666) | |||
Net | $ 71,083 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Park | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,552 | |||
Wholly Owned Properties - Residential | Post Pentagon Row | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 30,452 | |||
Initial Cost Buildings and Fixtures | 125,091 | |||
Gross Amount, Land | 30,452 | |||
Gross Amount, Buildings and Fixtures | 136,451 | |||
Total | 166,903 | |||
Accumulated Depreciation | (21,740) | |||
Net | $ 145,163 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2001 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Pentagon Row | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 11,360 | |||
Wholly Owned Properties - Residential | Post Tysons Corner | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 30,776 | |||
Initial Cost Buildings and Fixtures | 82,021 | |||
Gross Amount, Land | 30,776 | |||
Gross Amount, Buildings and Fixtures | 87,152 | |||
Total | 117,928 | |||
Accumulated Depreciation | (13,561) | |||
Net | $ 104,367 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1990 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Wholly Owned Properties - Residential | Post Tysons Corner | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,131 | |||
Retail Properties | The Denton [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Kansas City, MO | |||
Initial Cost Land | $ 700 | |||
Initial Cost Buildings and Fixtures | 4,439 | |||
Gross Amount, Land | 700 | |||
Gross Amount, Buildings and Fixtures | 5,170 | |||
Total | 5,870 | |||
Accumulated Depreciation | (808) | |||
Net | $ 5,062 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2014 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2015 | |||
Retail Properties | The Denton [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 731 | |||
Retail Properties | The Greene [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Greenville, SC | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2019 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Retail Properties | Colonial Promenade at Huntsville Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Huntsville, AL | |||
Initial Cost Land | $ 1,748 | |||
Gross Amount, Land | 448 | |||
Total | 448 | |||
Net | $ 448 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2017 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2013 | |||
Retail Properties | Colonial Promenade at Huntsville Retail | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (1,300) | |||
Retail Properties | 220 Riverside Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Jacksonville, FL | |||
Initial Cost Land | $ 119 | |||
Initial Cost Buildings and Fixtures | 2,902 | |||
Gross Amount, Land | 119 | |||
Gross Amount, Buildings and Fixtures | 3,133 | |||
Total | 3,252 | |||
Accumulated Depreciation | (149) | |||
Net | $ 3,103 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2015 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Retail Properties | 220 Riverside Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 231 | |||
Retail Properties | Post Parkside Orlando Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 742 | |||
Initial Cost Buildings and Fixtures | 11,924 | |||
Gross Amount, Land | 742 | |||
Gross Amount, Buildings and Fixtures | 13,137 | |||
Total | 13,879 | |||
Accumulated Depreciation | (2,131) | |||
Net | $ 11,748 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Parkside Orlando Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,213 | |||
Retail Properties | Post Harbour Place Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 386 | |||
Initial Cost Buildings and Fixtures | 4,315 | |||
Gross Amount, Land | 386 | |||
Gross Amount, Buildings and Fixtures | 4,676 | |||
Total | 5,062 | |||
Accumulated Depreciation | (738) | |||
Net | $ 4,324 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Harbour Place Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 361 | |||
Retail Properties | Post Rocky Point Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 34 | |||
Initial Cost Buildings and Fixtures | 51 | |||
Gross Amount, Land | 34 | |||
Gross Amount, Buildings and Fixtures | 449 | |||
Total | 483 | |||
Accumulated Depreciation | (147) | |||
Net | $ 336 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Rocky Point Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1994 | |||
Retail Properties | Post Rocky Point Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
Retail Properties | Post Rocky Point Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 398 | |||
Retail Properties | Post Soho Square Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Tampa, FL | |||
Initial Cost Land | $ 268 | |||
Initial Cost Buildings and Fixtures | 4,033 | |||
Gross Amount, Land | 268 | |||
Gross Amount, Buildings and Fixtures | 4,046 | |||
Total | 4,314 | |||
Accumulated Depreciation | (893) | |||
Net | $ 3,421 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Soho Square Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 13 | |||
Retail Properties | M A A Buckhead Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 867 | |||
Initial Cost Buildings and Fixtures | 3,465 | |||
Gross Amount, Land | 867 | |||
Gross Amount, Buildings and Fixtures | 4,267 | |||
Total | 5,134 | |||
Accumulated Depreciation | (1,077) | |||
Net | $ 4,057 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2012 | |||
Retail Properties | M A A Buckhead Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 802 | |||
Retail Properties | M A A Piedmont Park Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 426 | |||
Initial Cost Buildings and Fixtures | 1,089 | |||
Gross Amount, Land | 426 | |||
Gross Amount, Buildings and Fixtures | 1,110 | |||
Total | 1,536 | |||
Accumulated Depreciation | (195) | |||
Net | $ 1,341 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Piedmont Park Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 21 | |||
Retail Properties | M A A Riverside Office | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 9,680 | |||
Initial Cost Buildings and Fixtures | 22,108 | |||
Gross Amount, Land | 9,680 | |||
Gross Amount, Buildings and Fixtures | 31,215 | |||
Total | 40,895 | |||
Accumulated Depreciation | (6,079) | |||
Net | $ 34,816 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Riverside Office | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9,107 | |||
Retail Properties | M A A Riverside Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 889 | |||
Initial Cost Buildings and Fixtures | 2,340 | |||
Gross Amount, Land | 889 | |||
Gross Amount, Buildings and Fixtures | 4,914 | |||
Total | 5,803 | |||
Accumulated Depreciation | (694) | |||
Net | $ 5,109 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Riverside Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 2,574 | |||
Retail Properties | Post Training Facility | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Atlanta, GA | |||
Initial Cost Land | $ 1,092 | |||
Initial Cost Buildings and Fixtures | 968 | |||
Gross Amount, Land | 1,092 | |||
Gross Amount, Buildings and Fixtures | 1,000 | |||
Total | 2,092 | |||
Accumulated Depreciation | (325) | |||
Net | $ 1,767 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1999 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Training Facility | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 32 | |||
Retail Properties | M A A West Village Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Smyrna, GA | |||
Initial Cost Land | $ 2,500 | |||
Initial Cost Buildings and Fixtures | 8,446 | |||
Gross Amount, Land | 3,408 | |||
Gross Amount, Buildings and Fixtures | 9,946 | |||
Total | 13,354 | |||
Accumulated Depreciation | (2,109) | |||
Net | $ 11,245 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2012 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2014 | |||
Retail Properties | M A A West Village Retail | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 908 | |||
Retail Properties | M A A West Village Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,500 | |||
Retail Properties | M A A1225 Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 43 | |||
Initial Cost Buildings and Fixtures | 199 | |||
Gross Amount, Land | 52 | |||
Gross Amount, Buildings and Fixtures | 441 | |||
Total | 493 | |||
Accumulated Depreciation | (157) | |||
Net | $ 336 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Retail Properties | M A A1225 Retail | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 9 | |||
Retail Properties | M A A1225 Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 242 | |||
Retail Properties | M A A Gateway Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 318 | |||
Initial Cost Buildings and Fixtures | 1,430 | |||
Gross Amount, Land | 318 | |||
Gross Amount, Buildings and Fixtures | 1,456 | |||
Total | 1,774 | |||
Accumulated Depreciation | (280) | |||
Net | $ 1,494 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Gateway Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 26 | |||
Retail Properties | M A A South Line Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 470 | |||
Initial Cost Buildings and Fixtures | 1,289 | |||
Gross Amount, Land | 470 | |||
Gross Amount, Buildings and Fixtures | 1,411 | |||
Total | 1,881 | |||
Accumulated Depreciation | (271) | |||
Net | $ 1,610 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A South Line Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 122 | |||
Retail Properties | M A A Uptown Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 319 | |||
Initial Cost Buildings and Fixtures | 1,144 | |||
Gross Amount, Land | 319 | |||
Gross Amount, Buildings and Fixtures | 1,155 | |||
Total | 1,474 | |||
Accumulated Depreciation | (199) | |||
Net | $ 1,275 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Uptown Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 11 | |||
Retail Properties | Post Uptown Leasing Center | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Charlotte, NC | |||
Initial Cost Land | $ 1,290 | |||
Initial Cost Buildings and Fixtures | 1,488 | |||
Gross Amount, Land | 1,290 | |||
Gross Amount, Buildings and Fixtures | 1,634 | |||
Total | 2,924 | |||
Accumulated Depreciation | (258) | |||
Net | $ 2,666 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Uptown Leasing Center | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 146 | |||
Retail Properties | Hue Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Buildings and Fixtures | $ 2,129 | |||
Gross Amount, Buildings and Fixtures | 2,193 | |||
Total | 2,193 | |||
Accumulated Depreciation | (177) | |||
Net | $ 2,016 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Retail Properties | Hue Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 64 | |||
Retail Properties | Post Parkside At Wade Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Raleigh, NC | |||
Initial Cost Land | $ 317 | |||
Initial Cost Buildings and Fixtures | 4,552 | |||
Gross Amount, Land | 317 | |||
Gross Amount, Buildings and Fixtures | 4,636 | |||
Total | 4,953 | |||
Accumulated Depreciation | (1,009) | |||
Net | $ 3,944 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Parkside At Wade Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 84 | |||
Retail Properties | Post South Lamar Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Initial Cost Land | $ 421 | |||
Initial Cost Buildings and Fixtures | 3,072 | |||
Gross Amount, Land | 421 | |||
Gross Amount, Buildings and Fixtures | 3,646 | |||
Total | 4,067 | |||
Accumulated Depreciation | (567) | |||
Net | $ 3,500 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2011 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post South Lamar Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 574 | |||
Retail Properties | M A A Frisco Bridges Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 779 | |||
Initial Cost Buildings and Fixtures | 6,593 | |||
Gross Amount, Land | 779 | |||
Gross Amount, Buildings and Fixtures | 7,261 | |||
Total | 8,040 | |||
Accumulated Depreciation | (1,335) | |||
Net | $ 6,705 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Frisco Bridges Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 668 | |||
Retail Properties | M A A Mc Kinney Avenue Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 1,581 | |||
Initial Cost Buildings and Fixtures | 5,982 | |||
Gross Amount, Land | 1,581 | |||
Gross Amount, Buildings and Fixtures | 6,267 | |||
Total | 7,848 | |||
Accumulated Depreciation | (1,052) | |||
Net | $ 6,796 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1996 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Mc Kinney Avenue Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 285 | |||
Retail Properties | M A A Worthington Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 108 | |||
Initial Cost Buildings and Fixtures | 495 | |||
Gross Amount, Land | 108 | |||
Gross Amount, Buildings and Fixtures | 865 | |||
Total | 973 | |||
Accumulated Depreciation | (107) | |||
Net | $ 866 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | M A A Worthington Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
Retail Properties | M A A Worthington Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
Retail Properties | M A A Worthington Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 370 | |||
Retail Properties | Post Addison Circle Office | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 1,395 | |||
Initial Cost Buildings and Fixtures | 4,280 | |||
Gross Amount, Land | 1,395 | |||
Gross Amount, Buildings and Fixtures | 5,108 | |||
Total | 6,503 | |||
Accumulated Depreciation | (1,257) | |||
Net | $ 5,246 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Addison Circle Office | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Retail Properties | Post Addison Circle Office | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Retail Properties | Post Addison Circle Office | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 828 | |||
Retail Properties | Post Addison Circle Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 448 | |||
Initial Cost Buildings and Fixtures | 21,386 | |||
Gross Amount, Land | 448 | |||
Gross Amount, Buildings and Fixtures | 23,337 | |||
Total | 23,785 | |||
Accumulated Depreciation | (4,583) | |||
Net | $ 19,202 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Addison Circle Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
Retail Properties | Post Addison Circle Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
Retail Properties | Post Addison Circle Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 1,951 | |||
Retail Properties | Post Coles Corner Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 347 | |||
Initial Cost Buildings and Fixtures | 716 | |||
Gross Amount, Land | 347 | |||
Gross Amount, Buildings and Fixtures | 791 | |||
Total | 1,138 | |||
Accumulated Depreciation | (159) | |||
Net | $ 979 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1998 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Coles Corner Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 75 | |||
Retail Properties | Post Eastside Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 682 | |||
Initial Cost Buildings and Fixtures | 10,645 | |||
Gross Amount, Land | 682 | |||
Gross Amount, Buildings and Fixtures | 11,042 | |||
Total | 11,724 | |||
Accumulated Depreciation | (1,866) | |||
Net | $ 9,858 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2008 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Eastside Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 397 | |||
Retail Properties | Post Heights Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 1,066 | |||
Initial Cost Buildings and Fixtures | 3,314 | |||
Gross Amount, Land | 1,066 | |||
Gross Amount, Buildings and Fixtures | 3,466 | |||
Total | 4,532 | |||
Accumulated Depreciation | (615) | |||
Net | $ 3,917 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1997 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Heights Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 152 | |||
Retail Properties | Post Katy Trail Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 465 | |||
Initial Cost Buildings and Fixtures | 4,883 | |||
Gross Amount, Land | 465 | |||
Gross Amount, Buildings and Fixtures | 4,964 | |||
Total | 5,429 | |||
Accumulated Depreciation | (783) | |||
Net | $ 4,646 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2010 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Katy Trail Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 81 | |||
Retail Properties | Post Legacy Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 150 | |||
Initial Cost Buildings and Fixtures | 3,334 | |||
Gross Amount, Land | 150 | |||
Gross Amount, Buildings and Fixtures | 3,712 | |||
Total | 3,862 | |||
Accumulated Depreciation | (569) | |||
Net | $ 3,293 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2000 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Legacy Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 378 | |||
Retail Properties | Post Midtown Square Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 1,327 | |||
Initial Cost Buildings and Fixtures | 16,005 | |||
Gross Amount, Land | 1,327 | |||
Gross Amount, Buildings and Fixtures | 16,377 | |||
Total | 17,704 | |||
Accumulated Depreciation | (2,614) | |||
Net | $ 15,090 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Midtown Square Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
Retail Properties | Post Midtown Square Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Retail Properties | Post Midtown Square Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 372 | |||
Retail Properties | Rise Condo Devel L P Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Buildings and Fixtures | $ 2,280 | |||
Gross Amount, Buildings and Fixtures | 2,336 | |||
Total | 2,336 | |||
Accumulated Depreciation | (397) | |||
Net | $ 1,939 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Rise Condo Devel L P Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 1993 | |||
Retail Properties | Rise Condo Devel L P Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2013 | |||
Retail Properties | Rise Condo Devel L P Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 56 | |||
Retail Properties | Bella Casita At Las Colinas Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Irving, TX | |||
Initial Cost Land | $ 46 | |||
Initial Cost Buildings and Fixtures | 186 | |||
Gross Amount, Land | 46 | |||
Gross Amount, Buildings and Fixtures | 362 | |||
Total | 408 | |||
Accumulated Depreciation | (118) | |||
Net | $ 290 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Retail Properties | Bella Casita At Las Colinas Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 176 | |||
Retail Properties | Times Square At Craig Ranch Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | McKinney, TX | |||
Initial Cost Land | $ 253 | |||
Initial Cost Buildings and Fixtures | 1,310 | |||
Gross Amount, Land | 253 | |||
Gross Amount, Buildings and Fixtures | 5,320 | |||
Total | 5,573 | |||
Accumulated Depreciation | (940) | |||
Net | $ 4,633 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2009 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2010 | |||
Retail Properties | Times Square At Craig Ranch Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 4,010 | |||
Retail Properties | Post Carlyle Square Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 1,048 | |||
Initial Cost Buildings and Fixtures | 7,930 | |||
Gross Amount, Land | 1,048 | |||
Gross Amount, Buildings and Fixtures | 7,987 | |||
Total | 9,035 | |||
Accumulated Depreciation | (1,315) | |||
Net | $ 7,720 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Post Carlyle Square Retail | Phase I [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2006 | |||
Retail Properties | Post Carlyle Square Retail | Phase II [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2016 | |||
Retail Properties | Post Carlyle Square Retail | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 57 | |||
Retail Properties | Post Park Maryland Retail | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Washington D.C. | |||
Initial Cost Land | $ 25 | |||
Initial Cost Buildings and Fixtures | 137 | |||
Gross Amount, Land | 25 | |||
Gross Amount, Buildings and Fixtures | 137 | |||
Total | 162 | |||
Accumulated Depreciation | (19) | |||
Net | $ 143 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date of Construction | Dec. 31, 2007 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Retail Properties | Total Retail Commercial Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | $ 32,349 | |||
Initial Cost Buildings and Fixtures | 170,859 | |||
Gross Amount, Land | 31,966 | |||
Gross Amount, Buildings and Fixtures | 198,967 | |||
Total | 230,933 | |||
Accumulated Depreciation | (35,992) | |||
Net | 194,941 | |||
Retail Properties | Total Retail Commercial Properties | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | (383) | |||
Retail Properties | Total Retail Commercial Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 28,108 | |||
Development Properties [Member] | Novel Val Vista [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Gilbert, AZ | |||
Gross Amount, Land | $ 7,284 | |||
Gross Amount, Buildings and Fixtures | 5,670 | |||
Total | 12,954 | |||
Net | $ 12,954 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2020 | |||
Development Properties [Member] | Novel Val Vista [Member] | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 7,284 | |||
Development Properties [Member] | Novel Val Vista [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,670 | |||
Development Properties [Member] | Novel Midtown | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Phoenix, AZ | |||
Initial Cost Land | $ 9,381 | |||
Gross Amount, Land | 9,381 | |||
Gross Amount, Buildings and Fixtures | 62,922 | |||
Total | 72,303 | |||
Net | $ 72,303 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Development Properties [Member] | Novel Midtown | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 62,922 | |||
Development Properties [Member] | MAA Frisco Bridges II | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Dallas, TX | |||
Initial Cost Land | $ 6,100 | |||
Gross Amount, Land | 6,100 | |||
Gross Amount, Buildings and Fixtures | 59,145 | |||
Total | 65,245 | |||
Accumulated Depreciation | (1,049) | |||
Net | $ 64,196 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2016 | |||
Development Properties [Member] | MAA Frisco Bridges II | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 59,145 | |||
Development Properties [Member] | M A A Westglenn | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Denver, CO | |||
Initial Cost Land | $ 8,077 | |||
Gross Amount, Land | 8,077 | |||
Gross Amount, Buildings and Fixtures | 39,715 | |||
Total | 47,792 | |||
Net | $ 47,792 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Development Properties [Member] | M A A Westglenn | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 39,715 | |||
Development Properties [Member] | M A A Robinson | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 6,004 | |||
Gross Amount, Land | 6,004 | |||
Gross Amount, Buildings and Fixtures | 62,714 | |||
Total | 68,718 | |||
Net | $ 68,718 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Development Properties [Member] | M A A Robinson | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 62,714 | |||
Development Properties [Member] | MAA Windmill Hill [Member] | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Austin, TX | |||
Gross Amount, Land | $ 5,006 | |||
Gross Amount, Buildings and Fixtures | 5,131 | |||
Total | 10,137 | |||
Net | $ 10,137 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2020 | |||
Development Properties [Member] | MAA Windmill Hill [Member] | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,006 | |||
Development Properties [Member] | MAA Windmill Hill [Member] | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 5,131 | |||
Development Properties [Member] | Sand Lake | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Orlando, FL | |||
Initial Cost Land | $ 7,704 | |||
Gross Amount, Land | 7,635 | |||
Gross Amount, Buildings and Fixtures | 35,224 | |||
Total | 42,859 | |||
Net | $ 42,859 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2019 | |||
Development Properties [Member] | Sand Lake | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ (69) | |||
Development Properties [Member] | Sand Lake | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 35,224 | |||
Development Properties [Member] | Longpoint | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Location | Houston, TX | |||
Initial Cost Land | $ 9,031 | |||
Gross Amount, Land | 9,031 | |||
Gross Amount, Buildings and Fixtures | 22,206 | |||
Total | 31,237 | |||
Net | $ 31,237 | |||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Date Acquired | Dec. 31, 2018 | |||
Development Properties [Member] | Longpoint | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 22,206 | |||
Development Properties [Member] | Total Active Development Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 46,297 | |||
Gross Amount, Land | 58,518 | |||
Gross Amount, Buildings and Fixtures | 292,727 | |||
Total | 351,245 | |||
Accumulated Depreciation | (1,049) | |||
Net | 350,196 | |||
Development Properties [Member] | Total Active Development Properties | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 12,221 | |||
Development Properties [Member] | Total Active Development Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 292,727 | |||
Real Estate [Member] | Total Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Encumbrances | 6,588 | |||
Initial Cost Land | 1,899,554 | |||
Initial Cost Buildings and Fixtures | 10,112,798 | |||
Gross Amount, Land | 1,916,609 | |||
Gross Amount, Buildings and Fixtures | 12,315,534 | |||
Total | 14,232,143 | |||
Accumulated Depreciation | (3,397,690) | |||
Net | 10,834,453 | |||
Real Estate [Member] | Total Properties | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 17,055 | |||
Real Estate [Member] | Total Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 2,202,736 | |||
Land Improvements | Total Land Held For Future Developments | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 60,993 | |||
Gross Amount, Land | 60,993 | |||
Total | 60,993 | |||
Net | 60,993 | |||
Corporate Real Estate Owned Domain | Corporate Properties | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Gross Amount, Buildings and Fixtures | 30,791 | |||
Total | 30,791 | |||
Accumulated Depreciation | (17,357) | |||
Net | 13,434 | |||
Corporate Real Estate Owned Domain | Corporate Properties | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 30,791 | |||
Other Real Estate Owned | Total Other | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Initial Cost Land | 60,993 | |||
Gross Amount, Land | 73,565 | |||
Gross Amount, Buildings and Fixtures | 33,187 | |||
Total | 106,752 | |||
Accumulated Depreciation | (17,415) | |||
Net | 89,337 | |||
Other Real Estate Owned | Total Other | Land | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | 12,572 | |||
Other Real Estate Owned | Total Other | Buildings and Fixtures | ||||
Real Estate And Accumulated Depreciation [Line Items] | ||||
Costs Capitalized Subsequent to Acquisition | $ 33,187 |
Schedule III Real Estate and _3
Schedule III Real Estate and Accumulated Depreciation (Parenthetical) (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2020USD ($) | |
Real Estate And Accumulated Depreciation [Line Items] | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis | $ 11.5 |
Minimum [Member] | Land Improvements And Buildings | |
Real Estate And Accumulated Depreciation [Line Items] | |
Equipment, Useful Life | 5 years |
Minimum [Member] | Furniture Fixtures And Equipment | |
Real Estate And Accumulated Depreciation [Line Items] | |
Equipment, Useful Life | 3 years |
Maximum [Member] | Land Improvements And Buildings | |
Real Estate And Accumulated Depreciation [Line Items] | |
Equipment, Useful Life | 40 years |
Maximum [Member] | Furniture Fixtures And Equipment | |
Real Estate And Accumulated Depreciation [Line Items] | |
Equipment, Useful Life | 5 years |
Encumbrance1 | |
Real Estate And Accumulated Depreciation [Line Items] | |
Amount of bond used as encumbrance | $ 172 |
Derivative cap interest rate (percent) | 4.44% |
Derivative termination date | Jan. 10, 2049 |
Encumbrance2 | |
Real Estate And Accumulated Depreciation [Line Items] | |
Amount of bond used as encumbrance | $ 118.8 |
Derivative cap interest rate (percent) | 5.08% |
Derivative termination date | Jun. 10, 2021 |
Encumbrance3 | |
Real Estate And Accumulated Depreciation [Line Items] | |
Amount of bond used as encumbrance | $ 191.3 |
Derivative cap interest rate (percent) | 4.43% |
Derivative termination date | Feb. 10, 2049 |
Schedule III Real Estate and _4
Schedule III Real Estate and Accumulated Depreciation [Schedule] (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Real estate investments: | |||
Balance at beginning of year | $ 13,898,707 | $ 13,656,807 | $ 13,292,039 |
Acquisitions | 56,327 | 105,730 | 130,187 |
Less: FMV of leases included in acquisitions | (512) | (796) | |
Improvement and development | 437,268 | 302,380 | 253,954 |
Disposition of real estate assets | (53,407) | (165,698) | (18,577) |
Balance at end of year | 14,338,895 | 13,898,707 | 13,656,807 |
Accumulated depreciation: | |||
Balance at beginning of year | 2,955,253 | 2,549,287 | 2,075,071 |
Depreciation | 508,746 | 493,674 | 485,654 |
Disposition of real estate assets | (48,894) | (87,708) | (11,438) |
Balance at end of year | $ 3,415,105 | $ 2,955,253 | $ 2,549,287 |