Hey, if MAA was going to preannounce a disappointment, they probably would have by now, right?
This other apartment REIT that had problems has about 10% of their total assets in the construction/lease-up stage. That's likely where they got hit. Also, they are upscale units, unlike MAA, and are in different markets(other than a couple, like Atlanta, which we already know is a weak spot for MAA).
WIthout knowing much about the other company, I wouild say their problems are not our problems, and if this sell-off today was in sympathy, it creates a good buying opportunity.