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  "documentTitle": "Mid-America Apartment Communities | Investor Conference Presentation Deck | 36 slides",
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  "presentationDate": "2023-06-01 00:00:00",
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      "text": "OPPORTUNITY\nApproximately 11K units identified for redevelopment across Same Store portfolio with potential to create additional rent growth value",
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      "text": "Standard program includes kitchen and bath upgrades",
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      "text": "Stainless ENERGY STAR rated appliances\nCountertop replacement\nUpdated cabinetry\nWater efficient plumbing fixtures\nEnergy efficient light fixtures\nFlooring",
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      "text": "~17K unit upgrades from 2020-2022",
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      "text": "SCOPE\nRedevelopments are performed on turn at select communities (properties remain in Same Store group), minimizing down time and allowing us to continually refine the program with real-time improvements",
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      "text": "Property Redevelopment Program",
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      "kind": "source-note",
      "text": "MAA Gateway, Charlotte, NC",
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      "text": "PROGRAM RESULTS\nProduction\nAverage Per Unit Cost\nAverage Rent Increase\n2020\n4,211\n$6,201\n9.5%\n2021\n6,360\n$5,893\n12.2%\n2022\n6,574\n$6,109\n10.0%\n2023F\n6,000-7,000\n$6,500-$7,500\n9.0%-11.0%",
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      "text": "Unit Interior Upgrades Continues to Drive Higher Value",
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