Mid-America Apartment Communities, Inc. (MAA) 2016年年度报告「NYSE」.pdf

1、2016 ANNUAL REPORTBUILDING OPPORTUNITY220 RIVERSIDEJACKSONVILLE,FLMAA 2016 ANNUAL REPORT|PAGE ONEWE HAVE WORKED HARD TO CREATE THE COMPANY WE ARE TODAY,AND IN 2016,WE CONTINUED TO BUILD MEANINGFUL OPPORTUNITIES FOR OUR SHAREHOLDERS,OUR EMPLOYEES,AND OUR RESIDENTS.BUILDING VALUEA STRENGTHENED PLATFOR

2、M FOR CONTINUED GROWTHPAGE TWO|MAA 2016 ANNUAL REPORTOver the past 23 years,MAA has built a company that has provided consistent and superior value to our stakeholders through disciplined growth while successfully navigating the cyclicality of the market.We believe our commitment to our strategy of

3、investing in high-quality apartment homes in markets where both job growth remains strong and the demographics are favorable for our industry has us well positioned for the future.In 2016,we completed our$4 billion merger with Post Properties,Inc.adding over 22,000 apartments to our portfolio in key

4、 existing markets,as well as in Washington,D.C.and Denver,Colorado.The combination brought proven development capabilities to our platform and provides us with another tool for opportunistic growth under MAAs disciplined approach to deploying capital.At the end of 2016,we had nine projects in develo

5、pment five of which were expansions of existing communities totaling$561.8 million.Our redevelopment program allows us to create value for our residents and shareholders by enhancing units and amenities at our existing communities.Units are updated upon resident turnover in an average of 13 days,pro

6、viding minimal disruption to operations and occupancy.In 2016,6,812 apartments were renovated our highest number yet achieving an average incremental rental rate increase of 9.8%.In line with our goal to provide high quality and top performing communities in key growth markets,in 2016,MAA was able t