// Workers AI · dad joke modeWhy did Mid-America Apartment rent to a chicken? It had a fowl community record.
 | |
| Type | Public |
|---|---|
| Industry | Real estate investment trust |
| Founded | 1977 |
| Founder | George E. Cates |
| Headquarters | Germantown, Tennessee, U.S. |
Key people | |
| Products | Apartments |
| Revenue |  $2.191 billion (2024) |
 $524 million (2024) | |
| Total assets | $11.81 billion (2024) |
| Total equity | $6.098 billion (2024) |
Number of employees | 2,532 (2024) |
| Website | maac |
| Footnotes [1] | |
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.[1]
As of December 31, 2024, the company owned 301 apartment communities containing 102,348 apartment units.[1] It is the second largest owner of apartments in the United States and the 12th largest apartment property manager in the United States.[2]
The company is ranked 1785th on the Forbes Global 2000.[3]
History
[edit]The company was founded as The Cates Co. in 1977 by George E. Cates.[4][5]
In 1993, the company was organized as a real estate investment trust.[1]
In February 1994, the company acquired The Cates Company from George E. Cates and became a public company via an initial public offering.[4]
In March 2009, founder George E. Cates retired.[4]
In October 2013, the company acquired Colonial Properties.[6]
In December 2016, the company acquired Post Properties.[7]
In November 2018, the company paid $11.3 million to settle a complaint that Post Properties violated the design and construction requirements under the Fair Housing Act and the Americans with Disabilities Act at 50 properties.[8]
In January 2023, the company was named a defendant in a class-action lawsuit over its use of RealPage software to control rent pricing.[9] The lawsuit was settled in January 2026. [10]
References
[edit]- 1 2 3 4 "Mid-America Apartment Communities, Inc. 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 7, 2025.
- ↑ "NMHC 50 Largest Apartment Owners". National Multifamily Housing Council.
- ↑ "Forbes: Mid-america Apartment Communities". Forbes.
- 1 2 3 "MAA founder George Cates retires from board". American City Business Journals. March 16, 2009.
- ↑ "MAA's Three Decade Journey to Becoming a Powerhouse Apartment Owner". National Association of Real Estate Investment Trusts. April 25, 2025.
- ↑ "MAA and Colonial Properties Trust complete $8.3 billion merger" (Press release). PR Newswire. October 1, 2013.
- ↑ "MAA and Post complete merger" (Press release). PR Newswire. December 1, 2016.
- ↑ "UNITED STATES V. MID-AMERICA APARTMENT COMMUNITIES, INC. AND MID-AMERICA APARTMENTS, L.P., FORMERLY POST APARTMENTS (D.D.C.)" (Press release). United States Department of Justice. November 21, 2018.
- ↑ "Lawsuit: Tennessee company, others formed cartel to keep American rent prices high". News Channel 9. April 25, 2023.
- ↑ https://www.multifamilydive.com/news/maa-settles-realpage-lawsuit/810899/
External links
[edit]- Official website
- Business data for Mid-America Apartment Communities: