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Mid-America Apartment Communities is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the. Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments. Mid America Apartment Communities Inc Stock. Add to Watchlist. Overview MAA vs Residential REIT Stocks. Ticker, Market Cap, 1d %, P/E, P/B. MAA, $B, +. Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily. Mid-America Apartment Communities is a real estate investment trust based that invests in apartments in the Southeastern United States and the Southwestern.