Mid-America Apartment Communities Investor Presentation — November 2017

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1FORWARD -LOOKING STATEMENTS

Thispresentation contains forward -looking statements within themeaning ofSection 27A oftheSecurities Act of1933, asamended, asSection 21EoftheSecurities

Exchange Actof1934, asamended .These forward -looking statements, which arebased oncurrent expectations, estimates and projections about theindustry and

markets inwhich MAA operates and beliefs ofand assumptions made byMAA management, involve uncertainties that could significantly affect thefinancial results

ofMAA .Words such as“expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” and variations ofsuch words and similar expressions areintended

toidentify such forward -looking statements, which are not historical innature .Inthis presentation, forward -looking statements include, but are not limited to,

statements about forecasted 2017 operating results, expected benefits and synergies from themerger with Post Properties, Inc.and thetiming ofthose benefits and

synergies, the anticipated value ofcurrent development projects, estimated costs ofproperty development, the anticipated timing ofcompletion ofcurrent

development projects and thestabilization ofsuch projects, MAA’s future development projects, theanticipated scope ofMAA’s future redevelopment activities and

projected incremental rent growth, and other information that isnothistorical .Allstatements that address operating performance, events ordevelopments that MAA

anticipates orexpects willoccur inthefuture areforward -looking statements .These statements arenotguarantees offuture performance and involve certain risks,

uncertainties and assumptions that are difficult topredict .Although MAA believes the expectations reflected inany forward -looking statements are based on