About Mid-America Apartment Communities
Mid-America Apartment Communities, Inc. (Mid-America) is a self-administered and self-managed umbrella partnership real estate investment trust (REIT), that focuses on acquiring, owning and operating apartment communities. As of December 31, 2007, Mid-America owned 100% of 137 properties representing 40,248 apartment units. Mid-America has from time-to-time – more... participated in various joint ventures. While no apartment communities were held in a joint venture structure as of December 31, 2007, Mid-America had entered into an agreement with a partner to form Mid-America Multifamily Fund I, LLC (Fund I), with the purpose of acquiring and repositioning apartment communities. Mid-America has a 33.33% ownership interest in Fund I. On January 17, 2008, Fund I acquired its first property, Milstead Village, a 310-unit community in Kennesaw.
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