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  "documentTitle": "Mid-America Apartment Communities | Investor Conference Presentation Deck | 36 slides",
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      "text": "1) Included in Restricted cash in the Consolidated Balance Sheets.",
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      "text": "RECONCILIATION OF NET DEBT TO UNSECURED NOTES PAYABLE AND SECURED NOTES PAYABLE\nDollars in thousands\nMarch 31, 2023\nDecember 31, 2022\nUnsecured notes payable $ 4,032,000 $ 4,050,910\nSecured notes payable 363,650 363,993\nTotal debt 4,395,650 4,414,903\nCash and cash equivalents (142,411) (38,659)\n1031(b) exchange proceeds included in Restricted cash (1) — (9,186)\nNet Debt $ 4,253,239 $ 4,367,058",
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