Press Release

Mid-America Announces Taxable Composition of Its 2007 Distributions

Company Release - 1/22/2008 9:00 AM ET

MEMPHIS, Tenn., Jan. 22 /PRNewswire-FirstCall/ -- Mid-America Apartment Communities, Inc. (NYSE: MAA) today announced the taxable composition of its 2007 distributions paid to shareholders. The amount of distribution referred to as return of capital is considered by the Internal Revenue Service to be a return of invested capital and should be applied to reduce the shareholders' tax cost basis of the related shares. The Company did not incur any foreign taxes. The composition presented is applicable to all dividend distributions during 2007. The classifications for 2007 are as follows:

                             Cash       Ordinary   Term   Return  Unrecaptured

      Record    Payable   Distributions  Taxable  Capital   of      Sec. 1250

       Dates     Dates      Per Share    Dividend  Gains  Capital      Gain


     1/15/2007   1/31/2007    $0.605     59.50%    8.22%   21.05%     11.23%
     4/13/2007   4/30/2007    $0.605     59.50%    8.22%   21.05%     11.23%
     7/16/2007   7/31/2007    $0.605     59.50%    8.22%   21.05%     11.23%
    10/15/2007  10/31/2007    $0.605     59.50%    8.22%   21.05%     11.23%


                            Cash    Ordinary  Long Term           Unrecaptured
                          Dividend   Taxable   Capital  Return of  Sec. 1250

    Series                per Share  Dividend   Gain     Capital      Gain
    Series F
     (CUSIP#59522J608)     $2.0265    75.36%    10.41%     0.00%      14.23%
    Series H
     (CUSIP#59522J806)     $2.0752    75.36%    10.41%     0.00%      14.23%

The Long Term Capital Gain Distributions qualify for the 15% Reduced Tax Rate on Capital Gains. Please note REIT Ordinary Taxable Dividends, by law, do not qualify for the Reduced Tax Rate of 15%.

This release is based on the preliminary work the company has performed on its filings and is subject to correction or adjustment based on the completion of those filings. The company is releasing information at this time to aid those required to distribute 1099s on the company's dividends. No material change in the taxable composition is expected.

MAA is a self-administered, self-managed apartment-only real estate investment trust, which owns or has ownership interest in 40,804 apartment units throughout the Sunbelt Region of the U.S. For further details, please refer to our website at or contact Investor Relations at or (901) 435-5371. 6584 Poplar Ave., Suite 300, Memphis, TN 38138.

SOURCE Mid-America Apartment Communities, Inc.

Contact: Investor Relations of Mid-America Apartment Communities, Inc., +1-901-435-5371,