UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
August 19, 1997
Date of Report (Date of earliest event reported)
MID-AMERICA APARTMENT COMMUNITIES, INC.
(Exact Name of Registrant as Specified in Charter)
TENNESSEE 1-12762 62-1543819
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)
6584 POPLAR AVENUE, SUITE 340
MEMPHIS, TENNESSEE 38138
(Address of principal executive offices)
(901) 682-6600
Registrant's telephone number, including area code
(Former name or address, if changed since last report)
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Item 5. Other event.
The Company released the following press release on August 6, 1997:
Memphis, TN: August 6, 1997. Mid-America Apartment Communities,
Inc. (NYSE:MAA) announced today the purchase of the 256-unit
Austin Chase Apartments in Macon, Georgia for $14 million with an
assumed debt of $10.2 million. The property was built in 1996 on
29.99 acres located in Bibb County, Georgia. Moore & Murphey
Co., Inc. a Georgia Corp. was the seller. Austin Chase is
presently 98% occupied with an average monthly rent of $653 per
month. The average size of each unit is 1145 s.f.
Austin Chase Apartments will bring MAA's present holdings in
Georgia to 686 units. Other properties are in Augusta and
Dalton.
MAA is a self-administered, self-managed apartment-only real
estate investment trust which owns 21,948 units (including 192
under development) throughout the southern crescent of the U.S.
in 81 properties.
For further information, contact Simon R. C. Wadsworth at (901)-
682-6600, 6584 Poplar Ave., Suite 340, Memphis, TN 38138, FAX:
(901) 682-6667.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
MID-AMERICA APARTMENT COMMUNITIES, INC.
Date: August 19, 1997 /s/ Simon R.C. Wadsworth
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Simon R.C. Wadsworth
Executive Vice President
(Principal Financial and Accounting
Officer)
