{
  "docId": "019de518-55a1-7279-84a4-f9ca05edc6f0",
  "docSlug": "d4ca2f7a14a60c1cfe2ad9a454c7b3bc",
  "documentTitle": "Mid-America Apartment Communities | Results Presentation Deck | 37 slides",
  "authorId": "mid-america-apartment-communities",
  "authorName": "MAA",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-03-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 8,
  "pageCount": 37,
  "prevPage": 7,
  "nextPage": 9,
  "slideType": "demand_list",
  "function": "state_demand",
  "density": "overcrowded",
  "nDataPoints": 24,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de518-55a1-7279-84a4-f9ca05edc6f0/8",
  "deckHref": "/decks/019de518-55a1-7279-84a4-f9ca05edc6f0",
  "deckJsonHref": "/decks/019de518-55a1-7279-84a4-f9ca05edc6f0.json",
  "deckAnchorHref": "/decks/019de518-55a1-7279-84a4-f9ca05edc6f0#slide-8",
  "components": [
    {
      "bbox": {
        "h": 0.209,
        "w": 0.347,
        "x": 0.11,
        "y": 0.202
      },
      "kind": "chart",
      "text": "2024 Forecasted Demand Drivers Outperform Other Regions\n1.7% 1.1% 0.3% Population Growth 0.9% 0.7% 0.6% Household Formation Job Growth MAA Markets Non-MAA Markets",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2425aaa9-3ca5-455a-893f-9407cc041181",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.249,
        "w": 0.37,
        "x": 0.54,
        "y": 0.202
      },
      "kind": "chart",
      "text": "MAA Portfolio Migration Trends\n18% 15% 12% 9% 6% 3% 0% 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 Move Ins from Non-MAA States Move Outs to Non-MAA States",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "29a3ef61-9c42-4945-a603-157b5311cbf4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.36,
        "w": 0.49,
        "x": 0.077,
        "y": 0.503
      },
      "kind": "image",
      "text": "In-Migration Trailing 12 Months at 12/31/2023 From Coastal/Gateway State to Top MAA Markets (defined as >3% 4Q 2023 SS NOI) Trend lines reflect top three MAA markets capturing migration from each of the following states: CA, NY, IL, NJ, MA.",
      "attrs": null,
      "subkind": "map",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7a435873-cdfd-4db9-9011-00412c502ceb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.29,
        "x": 0.58,
        "y": 0.77
      },
      "kind": "metric",
      "text": "43% Of Move-ins from Non-MAA States Came from Peer Coastal/Gateway States CA | NY | IL | NJ | MA",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c1890b9e-523b-4aa3-b098-a7bf6fc13759",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.16,
        "w": 0.229,
        "x": 0.67,
        "y": 0.59
      },
      "kind": "metric",
      "text": "Move-ins from Non-MAA States Trailing 12 Months at 12/31/2023 TO Charleston | Nashville Phoenix | Tampa >/= 15%",
      "attrs": null,
      "subkind": "big-number",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c3d7d4a3-a940-499d-8a14-a6a100e8c86b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.319,
        "x": 0.58,
        "y": 0.478
      },
      "kind": "paragraph",
      "text": "MAA markets continue to capture positive in-migration trends that continue to run higher than pre-pandemic levels; migration outside our markets remains steady at 4%-5% of our move-outs.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "52a7f690-55a2-44fc-86b4-159457a1d6b8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.37,
        "x": 0.113,
        "y": 0.445
      },
      "kind": "paragraph",
      "text": "Demand fundamentals expected to remain strong in 2023 for MAA Markets relative to Non-MAA Markets.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b4c824c8-d287-4925-b36b-4eb9e3509c8f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.01,
        "w": 0.202,
        "x": 0.077,
        "y": 0.925
      },
      "kind": "source-note",
      "text": "Source: Moody's Economy.com, Company",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bed03c7a-5995-4566-85f8-370000763e68",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.407,
        "x": 0.09,
        "y": 0.1
      },
      "kind": "title",
      "text": "Steady Demand Drivers for MAA Markets",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fff20928-43e2-4b40-aea3-1d77b465e172",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 11,
      "from": 6,
      "beatId": "f9cf7dda-ce3f-4793-8580-27d5825fa4e9",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "Slides 6-11 outline MAA's diversified portfolio strategy and its benefits",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}