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
May 8, 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 event.
The Company released the following press release on May 8, 1998:
MEMPHIS, TN: May 8, 1998 America Apartment Communities, Inc.
(NYSE:MAA) announced today the purchase of the 200-unit Eagle
Ridge Apartments in Birmingham, AL. Built in 1986, the property
was purchased for $8,400,000, or $42,000 per unit.. Eagle Ridge
is situated in the prime southeast area of Birmingham surrounded
by excellent residential neighborhoods and shopping centers.
The transaction involved a HUD 221(d)4 loan assumption of $6.4
million, with the balance paid in UPREIT units and cash. Eagle
Ridge is currently 95% occupied with average monthly rents of
$577.75. The average size unit is 907 sq. ft.
This acquisition will bring the total number of units in Alabama
to 552 with another 400 units currently under construction, thus
enabling Mid-America Apartments to continue its steadfast growth
in this new market.
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: May 22, 1998 /s/ Simon R.C. Wadsworth
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Simon R.C. Wadsworth
Executive Vice President
(Principal Financial and Accounting Officer)
