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, 2022, the Company owned or held a direct or indirect ownership interest in 294
apartment communities containing 88,475 apartment homes in 12 states and the District of Columbia,
of which 18 communities were under development and one community was under redevelopment.
Please see our Portfolio Overview page for a listing of our markets
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