GERMANTOWN, TN - Mid-America Apartment Communities Inc. (NYSE:MAA), a real estate investment trust, announced the unexpected passing of long-term director William Reid Sanders on January 16, 2025. Mr. Sanders, who had been a member of the company's Board of Directors since 2010, was remembered for his significant contributions and steadfast support to the company.
The news was disclosed in a recent 8-K filing with the Securities and Exchange Commission, which also included other customary financial documents. As the company mourns the loss, the management team and Board of Directors expressed their deepest sympathies to Mr. Sanders's family.
Mid-America Apartment Communities Inc., based in Germantown, TN, is a key player in the real estate sector, focusing on the ownership, acquisition, and management of apartment communities. The company's shares are publicly traded on the New York Stock Exchange under the ticker MAA, along with its 8.50% Series I Cumulative Redeemable Preferred Stock under the ticker MAAI.
The passing of Mr. Sanders marks a significant moment for the company as it reflects on the impact of his long-term leadership. The company has not yet announced any decisions regarding a successor on the Board of Directors.
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