MBJ: MAA hits another milestone as huge year comes to a close
Memphis-based MAA (NYSE: MAA) hit a major milestone in its year of unprecedented growth.
The company became the nation’s largest publicly traded apartment-focused real estate trust this year after merging with Atlanta-based Post Properties. Now, it joins the S&P 500, moving up from the S&P MidCap 400. Both MAA and Post were listed on that index.
The S&P 500, along with the Dow Jones Index, are the most common broad indicators of large-cap U.S. equities. The index includes 500 public companies and captures about 80 percent of current market capitalization.
MAA also announced this year that it will move into a new office at the TraVure development in Germantown.