Profile: AvalonBay Communities Inc (AVB)
7 Dec 2016
AvalonBay Communities, Inc., incorporated on March 13, 1995, is a real estate investment trust (REIT). The Company focuses on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. The Company operates through segments, which include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. The Company owns or holds an interest in approximately 260 operating apartment communities containing over 75,380 apartment homes in approximately 10 states and the District of Columbia, of which over 10 communities containing approximately 3,430 apartment homes are under reconstruction. The Company operates its apartment communities under three core brands: Avalon, AVA and Eaves by Avalon.
The Avalon brand focuses on upscale apartment living, and amenities and services in urban and suburban markets. The Company's AVA brand is designed for people who want to live in or near urban neighborhoods and in close proximity to public transportation, services, shopping and night-life. AVA apartments are smaller, engineered for roommate living and feature modern design and a technology focus. The Company's Eaves by Avalon brand is designed for renters seeking apartment living often in a suburban setting, with practical amenities and services.
The Company's real estate investments consist of operating apartment communities, communities in various stages of development (Development Communities) and Development Rights. The Company's operating communities consist of Established Communities, Other Stabilized Communities, Lease-Up Communities, Redevelopment Communities and Unconsolidated Communities. Its Communities include garden-style apartment communities consisting of multi-story buildings in landscaped settings, as well as mid and high rise apartment communities in urban settings.
The Company's communities offer a range of amenities and features, which include equipped kitchens; lofts and vaulted ceilings; walk-in closets; fireplaces; patios/decks; modern appliances; swimming pools; fitness centers; tennis courts, and wireless fidelity (Wi-Fi) lounges. Its profile of current, development and unconsolidated communities include Avalon at Lexington, Avalon at Newton Highlands, Eaves North Quincy, Avalon Huntington, Avalon at Glen Cove, Avalon New Canaan, AVA Stamford, Avalon Danbury, Avalon Darien, Avalon Norwalk and Avalon East Norwalk.
AvalonBay Communities Inc
671 N Glebe Rd Ste 800
ARLINGTON VA 22203-2138