AvalonBay Communities, Inc. is an equity REIT in the business of developing,
redeveloping, acquiring and managing multifamily communities primarily in New England,
the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and
Northern and Southern California.
We focus on leading metropolitan
areas in these regions that we believe are characterized by growing employment
in high wage sectors of the economy, lower housing affordability and a diverse
and vibrant quality of life. We believe these market characteristics offer
the opportunity for superior risk-adjusted returns on apartment community
investment relative to other markets that do not have these characteristics.
As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment
communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities
were under development. Please see our
Portfolio Overview page for a listing of our markets.
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