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
February 5, 1998
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 events.
Following notification of the New York Stock Exchange, the
following press releases were released to the press on February
10, 1998 and February 17, 1998.
MEMPHIS, TN: February 10, 1998. Mid-America Apartment
Communities, Inc. (NYSE:MAA) announced the purchase on February
5th of the 240 unit Walden Run Apartments in McDonough, Georgia
from McDonough Partners LLC. Built in 1997, the property was
purchased for $13,420,000 in an all cash transaction. Walden Run
is located in Henry County, one of the fastest growing counties
in the country. Funding was provided by the Company's line of
credit.
The property is expected to be fully leased by April 1, 1998.
The average rental rates are $695 per month.
MAA now owns 32,358 apartment units in 13 states, including 1,650
under development.
For further information, contact Simon R. C. Wadsworth at
(901)682 6668, ext 104, 6584 Poplar Ave., Suite 340, Memphis, TN
38138, (901)682-6600 FAX: (901)682-6667.
MEMPHIS, TN: February 17, 1998. Mid-America Apartment
Communities, Inc. (NYSE:MAA) announced the resignation of Michael
B. Yanney, Chairman and CEO of America First Co. LLC, from its
Board of Directors, effective February 11, 1998. Mr. Yanney, who
was recently appointed Chairman of the Board of Directors of the
Omaha Chamber of Commerce and Chairman of the Board of Governors
of the Joslyn Art Museum, Omaha, NE, cited ongoing business
demands and the time constraints of these additional
responsibilities as his reason for leaving Mid-America
Apartments. Board member, O. Mason Hawkins will chair a search
committee, composed of Mid-America's independent directors, to
fill the unexpired term of Mr. Yanney with another independent
director.
For further information, contact Simon R. C. Wadsworth at
(901)682 6668, ext 104, 6584 Poplar Ave., Suite 340, Memphis, TN
38138, (901)682-6600 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: February 19, 1998 /s/ Simon R.C. Wadsworth
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Simon R.C. Wadsworth
Executive Vice President
(Principal Financial and Accounting Officer)
