Mid-america Apartment Communities, Inc. · NYSE:MAA
Mid-america Apartment Communities — Corporate Update (August 2014)
7 slides from Mid-america Apartment Communities's corporate update, Aug 22, 2014
Slide 1: Capital Markets Update August 2014
CAPITAL MARKETS UPDATE AUGUST 2014 6584 POPLAR AVENUE MEMPHIS, TN 38138 / WWW.MAAC.COM
Slide 2: July 2014 Leasing Update
Pricing on new leases and renewals continued to be strong in J uly while physical occupancy improved from prior month and prior year. JULY 2014 LEASING UPDATE 2 95.2% 94.6% 95.0% 94.3% 94.4% 94.5% 94.6% 94.7% 94.8% 94.9% 95.0% 95.1% 95.2% 95.3% July 2014 July 2013 June 2014 Average Daily Physical Oc
Slide 3: Continued Solid Leasing Environment
Source: U.S. Census Bureau; Moody’s Economy.com CONTINUED SOLID LEASING ENVIRONMENT 3 • Over the last up cycle (2004 - 2007), the ratio of new jobs to multifamily completions in our markets averaged 7 to 1; 2014 - 15 projections average over 8 to 1 in our large markets and over 10 to 1 in our second
Slide 4: Merger Integration Update
Original expectations for overhead ($25 million), NOI operating synergies, and redevelopment opportunities remain intact. MERGER INTEGRATION UPDATE 4 Remainder of 2014 Realize 100% of stated overhead synergy opportunity on a run rate basis Complete remaining portion of $250M - $350M planned commerci
Slide 5: Development and Lease-Up Pipeline
*Expected stabilized NOI yield between 7% and 8% DEVELOPMENT AND LEASE - UP PIPELINE 5 Development and Lease - Up Pipeline ($mm, except per unit costs) at June 30, 2014 Total Expected MSA Units to Date to Complete Total Per Unit Stabilized Active Development *: CG at Bellevue Phase II Nashville 220
Slide 6: 2014 Transactions Update
2014 TRANSACTIONS UPDATE PROPERTY MARKET Grand Cypress* Houston, TX Venue at Stonebridge Ranch* Dallas, TX Stonefield Commons Charlottesville, VA Cityscape at Market Center Dallas, TX Verandas at Southwood * Tallahassee, FL *Purchase of partner’s interests in Fund II assets 6 Stonefield Commons, Cha
Slide 7: Forward Looking Statements
FORWARD LOOKING STATEMENTS 7 Certain matters in this presentation may constitute forward - looking statements within the meaning of Section 27 - A of the Securities Act of 1933 and Section 21 E of the Securities and Exchange Act of 1934 . Such statements include, but are not limited to, statements m
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