Attached files
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| 8-K - FORM 8-K, MAA APPOINTS W. REID SANDERS TO BOARD OF DIRECTORS - MID AMERICA APARTMENT COMMUNITIES INC. | form_8-k.htm |
EXHIBIT
99.1
MID-AMERICA
APARTMENT COMMUNITIES, INC.
A
self-managed equity REIT
MID-AMERICA
APARTMENT COMMUNITIES, INC. APPOINTS W. REID SANDERS TO BOARD OF
DIRECTORS
Memphis, TN, March 9,
2010. Mid-America Apartment Communities, Inc. (NYSE: MAA), or
the Company, announced today the appointment of W. Reid Sanders to the Company’s
Board of Directors. Mr. Sanders qualifies as an independent director
under the New York Stock Exchange’s listing standards.
Mr.
Sanders is the Co-Founder and former Executive Vice President of Southeastern
Asset Management, and the former President of Longleaf Partners Funds. Prior to
co-founding Southeastern Asset Management in 1975, Mr. Sanders served as an
investment officer and worked in credit analysis and commercial lending in the
banking industry from 1971 to 1975. Mr. Sanders currently serves on
the Board of Directors for Two Harbors Investment Corporation, a real estate
investment trust which focuses on investing in residential mortgage-backed
securities, is a Director of Independent Bank, serves on the Investment
Committee at Cypress Realty, a limited partnership involved in commercial real
estate, and is on the Advisory Board of SSM Venture Partners. Mr.
Sanders has held several prior directorships and currently serves as a trustee
for a number of cultural, educational and health related
organizations. Mr. Sanders holds a Bachelors of Economics from the
University of Virginia.
Ralph
Horn, Chairman of the Nominating and Corporate Governance Committee of the Board
of Directors of the Company stated, “Reid’s extensive background and expertise
in institutional investment management, public capital markets and service on
boards of publicly traded companies will complement our Board well and be a
great benefit to the Company in the years to come.”
About
Mid-America Apartment Communities, Inc.
Mid-America
is a self-administered, self-managed apartment-only real estate investment
trust, which currently owns or has ownership interest in 43,605 apartment units
throughout the Sunbelt region of the U.S. For further details, please refer to
the Mid-America website at www.maac.net or
contact Investor Relations at investor.relations@maac.net
or by mail at 6584 Poplar Ave., Memphis, TN 38138.