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  "documentTitle": "Mid-America Apartment Communities | Results Presentation Deck | 37 slides",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Kitchen Update\nBefore",
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      "text": "After\nMAA Gateway, Charlotte, NC",
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      "text": "~20K unit upgrades from 2021-2023",
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      "text": "OPPORTUNITY\nApproximately 13K units identified for redevelopment across Same Store portfolio with potential to create additional rent growth value\nSCOPE\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\nStandard program includes kitchen and bath upgrades\nStainless ENERGY STAR rated appliances\nCountertop replacement\nUpdated cabinetry\nWater efficient plumbing fixtures\nEnergy efficient light fixtures\nFlooring",
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      "text": "Redevelopment Program provides opportunity to further green our portfolio.",
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      "text": "PROGRAM RESULTS",
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      "text": "2021, 2022, 2023, 2024F\nProduction, 6,360, 6,574, 6,858, 5,000-6,000\nAverage Per Unit Cost, $5,893, $6,109, $6,453, $6,500-$7,500\nAverage Rent Increase, 12.2%, 10.0%, 7.1%, 6.5%-7.5%",
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      "text": "Unit Interior Upgrades Continues to Drive Higher Value",
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