Description

As of December 31, 2020, AvalonBay Communities, Inc. boasted a substantial portfolio, holding direct or indirect ownership in 291 apartment communities, which collectively contained 86,025 residential units. These properties were strategically located across 11 states and the District of Columbia. Notably, 18 of these communities were actively under construction at the time, with an additional property undergoing redevelopment. Operating as an equity Real Estate Investment Trust (REIT), the company's core business involves the full lifecycle of apartment properties, including their development, acquisition, strategic redevelopment, and ongoing management. These activities are concentrated in premier metropolitan areas spanning New England, the greater New York/New Jersey region, the Mid-Atlantic, the Pacific Northwest, and both Northern and Southern California. Furthermore, AvalonBay is expanding its presence into key growth markets such as Southeast Florida and Denver, Colorado.