MAA Announces Public Offering of 1.7M Shares of Common Stock

MAA MAA today announced that it is offering 1,700,000 shares of common stock in an underwritten public offering. UBS Investment Bank and Jefferies & Company, Inc. will act as joint bookrunning managers for the offering. MAA has also granted the underwriters a 30-day option to purchase up to an additional 255,000 shares of common stock to cover overallotments, if any. The last reported sale price of MAA's common stock on the New York Stock Exchange on February 24, 2012 was $63.13. The offering is subject to customary closing conditions.