Mid-America Apartment Communities, Inc. 8.50% Series I Cumulative Redeemable Preferred Stock, also called Mid-America Apartment Communities (Preferred), is a real estate investment trust, which engages in the operation, acquisition and development of apartment communities. Read More It operates through the Same Store Communities, and Non-Same Store and Other segments. The Same Store Communities segment focuses on communities that the company has owned and have been stabilized for at least a full twelve months as of the first day of the calendar year. The Non-Same Store and Other segment includes recent acquisitions, communities in development or lease-up, communities that have been identified for disposition, and communities that have incurred a significant casualty loss. The company was founded in 1994 and is headquartered in Memphis, TN.