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Thomson Reuters Business Description:
| Mid-America Apartment Communities, Inc. (Mid-America) is a self-administered and self-managed real estate investment trust (REIT) that focuses on acquiring, owning and operating apartment communities in the Sunbelt region of the United States. As of December 31, 2009, the Company owned 100% of 144 properties representing 42,684 apartment units. As of December 31, 2009, it also had 33.33% ownership interests in Mid-America Multifamily Fund I, LLC (Fund I) and Mid-America Multifamily Fund II, LLC (Fund II), which owned two properties containing 626 apartment units and one property containing 294 apartment units, respectively. These apartment communities were located across 13 states. During the year ended December 31, 2009, it acquired seven units. On January 15, 2009, it sold 304 units of Woodstream, North Carolina. On May 12, 2009, the Company sold 96 units of Riverhills, Mississippi. On December 17, 2009, it sold 440 units of River Trace, Tennessee. |
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