As of December 31, 2019, AvalonBay Communities, Inc. owned or held a direct or indirect ownership interest in 297 apartment communities containing 86,846 apartment homes in 11 states and the District of Columbia, of which 22 communities were under development and two communities were under redevelopment. The company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.
Tag: AvalonBay
Making hay while the sun shines
"The economy appears to be on a path of sustainable growth. U.S. businesses have healthy balance sheets and plenty of liquidity-consumer debt has declined...
Good-bye Archstone, hello mega-REITs
Underperformance of apartment REIT shares was a major impetus behind the defunct investment bank's decision to sell Archstone in a private sale to competitors...
The big split
Equity Residential and AvalonBay will together pay $2.69 billion in cash along with stock valued at $3.8 billion, N.Y.-based Lehman announced. The buyers, the...
Don’t worry, be happy
"We think that an improving single-family market is a good thing for the apartment markets and the economy as a whole," Camden Property Trust...
Multifamily REITs look beyond primary markets
When deciding whether to let their money ride on Washington, D.C., or Baltimore, Md., Home Properties is going with Baltimore. When deciding whether job growth...
Despite housing glut, REITs prosper
On a year-over-year basis, AvalonBay Communities saw FFO per share growth in Q3 of more than 19 percent, the highest growth rate in six...
Asset swaps, sales and spruce-ups
UDR, Inc. and AvalonBay Communities recently completed a $500 million asset exchange that helps to realize the property allocation goals of both REITs. The...
Ready for launch
"We think it's a great time to grow these enterprises," said UDR CEO Tom Toomey of the expansion in the apartment industry. "You can't...
Safe harbor
The mainly bi-coastal apartment REIT broke ground for two new apartment projects in Q4 2009. The 219-unit, $36 million second phase of Avalon Northborough,...