MAA · 8-K · 20261028PR436173

Development Pipeline

MID AMERICA APARTMENT COMMUNITIES INC. · 2026-10-28 · Importance 53 · Surprise 42 · No source text

At September 30, 2026, MAA had eight development projects totaling 2,236 units, with 137 units delivered and 125 units leased; total expected development costs were $760.0 million, of which $395.6 million had been incurred. During the quarter, MAA completed MAA Milepost II in Denver and began construction in Northern Virginia and Nashville, as well as a phase II expansion in Kansas City. It completed lease-up at MAA Val Vista in Phoenix and MAA Breakwater in Tampa. Four lease-up projects totaling 1,166 units were 77.6% occupied at quarter-end.

Key facts

• MAA's eight development projects under construction totaled 2,236 units, including 137 delivered and 125 leased, and had total expected development costs of $760.0 million as of September 30, 2026. source
• MAA funded approximately $84 million of costs for current and planned development projects, including predevelopment activities, during the third quarter of 2026. source
• MAA completed development of MAA Milepost II in Denver, Colorado, and began construction in the third quarter of 2026 in Northern Virginia, Nashville, Tennessee, and a phase II multifamily expansion in Kansas City. source
• MAA had funded $395.581 million of the $760.0 million expected costs for development projects under construction as of September 30, 2026, with $364.419 million remaining. source

Impact estimates