MAA is a multifamily-focused real estate investment trust (REIT) that primarily operates, acquires, and develops apartment communities. The company is headquartered in Tennessee and has a significant presence in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2023, MAA owned, managed, or had interests in 296 apartment communities, totaling approximately 100,894 units. Their strategy encompasses maintaining high occupancy rates, optimizing rental income, and leveraging technology for operational efficiencies to enhance resident satisfaction and retention.
The company aims to deliver sustained cash flow to fund dividends, achieve portfolio growth through strategic acquisitions and developments, and uphold its REIT qualification. MAA employs a holistic approach to property management, including conducting renovations to improve unit appeal and integrating smart home technologies to attract and retain tenants. The business is structured around a solid operational foundation, which emphasizes asset performance and market diversification, thereby reducing volatility and fostering stability.