GERMANTOWN – November 02, 2026 -- Mid-America Apartment Communities (NYSE: MAA) priced a $350 million offering of 5.350% senior unsecured notes due December 15, 2031, through its operating partnership, Mid-America Apartments, L.P. (MAALP).

Notes priced at 99.584% of principal under existing shelf registration

The notes were priced at 99.584% of principal, a discount of 0.416% to par. MAALP issued them under its existing shelf registration statement. Closing is expected on November 12, 2026, subject to customary conditions.

Proceeds to pay down revolver and commercial paper borrowings

MAALP will use net proceeds to repay amounts outstanding under its unsecured revolving credit facility and its unsecured commercial paper program. Remaining funds are earmarked for general corporate purposes. Those may include repaying other debt and acquiring, developing and redeveloping apartment communities.

Five banks run the book on the offering

J.P. Morgan Securities, Mizuho Securities USA, Truist Securities, U.S. Bancorp Investments and Wells Fargo Securities acted as joint book-running managers. Bass, Berry & Sims PLC advised MAALP, and Sidley Austin LLP advised the underwriters.

The offering is made only by prospectus supplement and accompanying prospectus. The registration statement has been filed with the U.S. Securities and Exchange Commission and is effective.