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MAA Purchases The Apartments at Cobblestone Square

Mid America Apartments (MAA) is the new owner of The Apartments at Cobblestone Square in downtown Fredericksburg.

Home Properties Cobblestone, LLC, a Delaware limited liability company, sold the property to MAA/The Apartments at Cobblestone Square, LLC.

In Virginia, the company owns properties in Charlottesville, Chesapeake, Hampton, Newport News, Richmond and Virginia Beach; and three other properties in Fredericksburg. These are Colonial Village at Greenbrier, Seasons at Celebrate Virginia, and Station Square at Cosner’s Corner.

MAA is a real estate investment trust (REIT) that focuses primarily on the acquisition, selective development, redevelopment and management of multifamily homes throughout the Southeast and Southwest regions of the United States.

As of December 31, 2015, MAA owned or had ownership interest in 79,496 operating apartment homes in 254 communities in 15 states, according to the company’s website. Headquartered in Memphis, Tennessee, MAA is traded on the New York Stock Exchange under the symbol MAA and is included in the S&P MidCap 400 index.

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