|Bid||0.00 x 0|
|Ask||199,999.98 x 100|
|Day's Range||107.03 - 108.42|
|52 Week Range||85.04 - 110.95|
|PE Ratio (TTM)||49.79|
|Dividend & Yield||3.48 (3.22%)|
|1y Target Est||N/A|
Mid-America Apartment Communities Inc NYSE:MAA
Brookfield Asset Management is a giant in “real assets” with a global portfolio of office buildings, container ports, toll roads and hydroelectric dams. A small part of Brookfield’s assets, equity investments, are subject to regulatory filings and totaled about $20 billion as of June 30. Two of Brookfield’s larger new equity positions were investments in Mid-America Apartment Communities (MAA) and Duke Realty (DRE), valued at $160 million and $131 million, respectively, on June 30.
As work continues on one of Germantown’s largest developments, a seven-figure permit was just filed for a future office tenant. A building permit valued at $7 million was submitted Sept. 7 for the soon-to-be headquarters of MAA — a real estate investment trust (REIT) that specializes in multifamily developments in the Southeast and Southwest U.S. In 2016, MAA announced plans to relocate from its current offices at 6584 Poplar Ave. in Memphis to Gill Properties Inc.’s $90 million TraVure project, now under construction on Poplar Avenue near Kirby Parkway — just inside the Germantown city limits.