MEMPHIS, Tenn., Nov. 12, 2013 /PRNewswire/ -- Mid-America Apartment Communities, Inc. (NYSE: MAA) today announced that its operating partnership, Mid-America Apartments, L.P. ("MAALP"), commenced exchange offers to exchange any and all of the 6.25% Senior Notes due 2014 (CUSIP No. 195891 AG1) (the "Existing 2014 Notes"), 5.50% Senior Notes due 2015 (CUSIP No. 195891 AJ5) (the "Existing 2015 Notes") and 6.05% Senior Notes due 2016 (CUSIP No. 195889 AA8) (the "Existing 2016 Notes" and, collectively with the Existing 2014 Notes and the Existing 2015 Notes, the "Existing Notes") issued by Colonial Realty Limited Partnership, a wholly owned subsidiary of MAALP ("CRLP"), for MAALP's new 6.25% Senior Notes due 2014 (the "New 2014 Notes"), 5.50% Senior Notes due 2015 (the "New 2015 Notes") and 6.05% Senior Notes due 2016 (the "New 2016 Notes" and collectively with the New 2014 Notes and the New 2015 Notes, the "New Notes"), respectively, each with registration rights (collectively, the "Exchange Offers"). (Logo: http://photos.prnewswire.com/prnh/20110614/CL19184LOGO ) MAALP, on behalf of CRLP, is also soliciting consents (the "Consent Solicitations") from holders of each series of Existing Notes to amend the indenture governing each series of Existing Notes to (1) allow for the satisfaction of CRLP's reporting obligations under such indenture to be satisfied through the filing or delivery of annual reports, quarterly reports and other documents of MAALP, (2) remove substantially all of the restrictive covenants and certain affirmative covenants, (3) eliminate an event of default and (4) modify certain other provisions. Existing Notes tendered at or prior to 5:00 p.m., New York City time, on November 25, 2013 (the "Early Participation and Consent Date"), will be eligible to receive the exchange consideration plus an early participation premium. After the Early Participation and Consent Date, but at or prior to the Expiration Date (as defined below), Existing Notes tendered will be eligible to receive only the exchange consideration. The Exchange Offers will expire at 11:59 p.m., New York City time, on December 10, 2013, unless extended by MAALP (the "Expiration Date"). Tenders submitted in the Exchange Offers may be validly withdrawn at any time at or prior to the Early Participation and Consent Date, but will thereafter be irrevocable unless withdrawal rights are subsequently required by law. Eligible holders should refer to the offering memorandum and consent solicitation statement, dated November 12, 2013, for further details and the terms and conditions of the Exchange Offers and Consent Solicitations. The Exchange Offers and Consent Solicitations are subject to a number of conditions, including the valid receipt of consents from the holders of at least a majority of the outstanding aggregate principal amount of each series of Existing Notes.