http://www.dmuz.net/index.php?s=D&c=489
million sale of Woodstream, a 304-unit property in North It recorded total gainsof $1.4 million from the Jan. 15 The self-managed real estate investment trust reported net incomeeof $7.9 million, or 28 centxs per diluted common share for the quarter ending Marcjh 31, a 79.5 percent increase comparer to net income of $4.4 million, or 17 centsw per diluted common share, for the firs t quarter of 2008. It also reported fundss from operationsof $30.7 or $1.01 per diluted share, for the first a 14.1 percent increase compared to FFO of $26.o9 million, or 96 cents per diluted in the same year-ago period.
Mid-America completed the renovation of 516 apartments in the firstg quarter at an average costof $4,28p per unit, with rent increases averaging 9 percent. Memphis-basesd Mid-America (NYSE: MAA) owns or has ownership interesytin 42,252 apartment units throughout the Sunbelt regiobn of the U.S.
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