[2] Mid-America Apartment Communities Makes Announcement.MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--Nov. 24, 1999-- Mid-America Apartment Communities, Inc. (NYSE NYSE See: New York Stock Exchange :MAA MAA abbr. macroaggregated albumin ) announced today completion of the lease-up of Phase II at their apartment community, Terraces at Towne Lake Towne Lake is a master planned community located about two miles due west of downtown Woodstock, Georgia in an area formerly known (at least to longtime locals) as "Thousand Acre Woods", originally part of the Little River State Wildlife Management Area, which has since completely , located in Atlanta's growing suburb of Woodstock, Georgia Woodstock is a city in Cherokee County, Georgia, United States. The population was 10,050 at the 2000 census.[3] Originally a stop on the Louisville & Nashville railroad line, Woodstock is now the tenth fastest growing suburb in the US with an estimated population of . "We are very pleased with the success of this lease-up," according to Lee Little, Vice-President and Regional Director for Mid-America. Little added, "With the leasing of Phase II, with 238 units, we faced three competitors within three miles and still surpassed development pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma by four percent. That is a testament to our staff and product, as well as the depth of the market. Combined with our existing Phase I development, we now have a total of 502 units at this community which will further enhance the operating efficiencies of this important market for us." Located just 30 minutes north of Atlanta, this community features one, two, and three-bedroom apartments averaging 1,137 square feet. This gated community offers numerous amenities including a putting green, picnic areas, and state-of-the-art business and fitness centers. MAA is a self-administered, self-managed apartment-only real estate investment trust, which owns or has ownership interest in 35,316 apartment units throughout the southeastern and midwestern U.S. and in Texas, including units in the development pipeline. For further details, please refer to our website at www.maac.net or contact Michelle Sargent at 901/682-6668, ext. 105. 6584 Poplar Ave., suite 340, Memphis, TN 38138. |
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