MidAmerica Apartment Communities Inc (NYSE:MAA)

Mid-America Apartment Communities (NYSE:MAA) is a publicly traded company that owns a portfolio of real estate properties.

The firm’s headquarters are located in Tennessee, the United States. The company was founded by George E Cates in January 1977.

It operates as a self-managed and self-administered real estate investment trust that develops, acquires, operates and owns various multi-family apartment communities in Midwest and southeast Unites States and Texas.

Additionally, it also conducts third party property management, construction and development activities through its service corporation network. The firm’s stocks trade on New York Stock Exchange with ‘MAA’ ticker symbol.

It operates in nearly 16 states across the United States.

The company focuses on selective development, acquisition, management and redevelopment of multifamily homes. It claims to provide superior value and services to the employees, residents and shareholders.

It claims to have built around 101,954 homes and 301 communities. The mixed-use communities of the company are pedestrian friendly and has a urban development that allows people to work, play, and consists of restaurants, retail stores and offices located on site.

It focuses on commercial tenants. The customers can save while moving, the firm claims. The American REIT provides different ways to save up to 50 per cent on the move in fees by providing a option of one-time-non-refundable fee. This fee goes in the place of security deposit.

They also offer a wide range of units from townhomes to studios which make it easier to handle the needs.

Mid-America Apartment Communities also claims to have partnership with CWS Corporate Housing, a leader in the area of furnished apartment industry.

The firm’s apartment units consist of well-equipped kitchen, fully furnished bedroom, living room and bathroom. They also have a wide range of amenities which includes pet wash stations, swimming pools, playgrounds, fitness centers, etc.

Some of the communities have a storage unit available as well.

The units are built with several smart home features to assist the residents in areas like turning lights on and off, temperature adjusting facility and unlocking door via mobile app.

The subsidiaries of the company are Mid-American Apartments LP and American Apartments LP.