MAAMid-America Apartment Communities

We note that you currently have five properties in development and that you completed one development during the year ended December 31, 2023. In future Exchange Act periodic reports, for each completed development, please disclose the total cost incurred, the development costs per unit, and clarify whether those development costs include leasing costs. Item 2.

Rest of the question

Properties, page 27 We note your disclosure on page 31 that you believe average effective rent is a helpful measure. Please tell us and revise the table in future filings to disclose your base rent per unit and average effective annual rent per unit, taking into account the impact of free rent, tenant reimbursements, and tenant concessions. We also note that you have 34 apartment communities with a retail component. Please provide separate disclosure regarding your 2. retail assets, addressing occupancy levels, base rent per square foot, and average effective rent per square foot. 3. In future Exchange Act periodic reports, please discuss leasing results for the prior period, including the amount of leases that were new leases compared to renewal leases. Additionally, this disclosure should include discussion of tenant improvement costs, leasing commissions, and tenant concessions. Please provide separate disclosure regarding your retail assets and provide disclosure for these assets on a per square foot basis.

Mid-America Apartment Communities, Inc. (“MAA”) acknowledges receipt on July 30, 2024 of the Staff’s letter dated July 30, 2024 (the “July 30, 2024 Comment Letter”) containing comments on the above-captioned filing. The July 30, 2024 Comment Letter requests a response within 10 business days. The Finance and Accounting team that is primarily responsible for responding were working on preparing MAA’s

Quarterly Report on Form 10-Q for our fiscal quarter ended June 30, 2024 for part of the response period.

Rest of the answer

In addition, MAA has multiple key parties that are out of the office during the original

10-day response period. Accordingly, we respectfully request an extension of the response period for an additional 14 business days until September 3, 2024.

Read in the reply ↗