See Inside: MAA's new headquarters in TraVure
Memphis Business Journal
There are the tales of companies that got away and tales of ones that stayed. MAA falls into the latter.
A locally based real estate investment trust (REIT) that specializes in multifamily developments, MAA recently moved into its new headquarters on Poplar Avenue near Kirby Parkway. MAA is the anchor tenant in a 150,000-square-foot office building that is part of the larger mixed-use TraVure development from Gill Properties Inc.
To see photos of MAA’s new space from a May 24 tour with the Memphis Business Journal, click the slideshow.
The public company was previously located about half-a-mile west on Poplar Avenue, in a building they had outgrown after 30 years of occupancy. While its short move meant a change in municipality — going from Memphis to Germantown — MAA chose to stay in Shelby County.
“When we embarked on the process to identify our new corporate home, we considered locations outside of the Mid-South, but ultimately decided that remaining in Shelby County was the best alternative for our associates and our shareholders,” said Rob DelPriore, executive vice president and general counsel for MAA. “We have many associates that are involved in charitable and civic pursuits throughout Shelby County, including in both Germantown and Memphis. Likewise, MAA will continue to be a good corporate citizen of Shelby County.”
MAA occupies three floors that total 89,000 square feet and house more than 200 employees. The modern space, which has a focus on collaboration, was designed by The Crump Firm Inc. Architects.
DelPriore said they wanted to create an open floor plan that allowed for lots of natural light.
“We also used a monumental staircase that connects all of our three floors to further enhance the connection between all of our associates,” he said. “TraVure also enabled us to bring together all of our Mid-South corporate associates in one building with room for growth, ample meeting areas and improved technologies.”
MAA has real estate investments in 17 states in the Southeast and Southwest U.S. along with Washington, D.C.
Its portfolio includes more than 300 properties that total about 100,000 apartment units. The company has roughly 2,400 employees across its entire footprint. As of March 31, 2018, MAA had $11.4 billion in total assets.