AvalonBay Communities Inc WV8

Overview

As of December 31, 2023, the Company emerges as a significant player in the real estate sector, primarily focusing on the ownership, development, and management of apartment communities. With a robust portfolio that includes 299 apartment communities comprising 90,669 apartment homes spread across 12 states and the District of Columbia, the Company has cemented its position in the market. Furthermore, it has shown a keen interest in expanding its footprint by engaging in the development of 18 new communities. As an equity REIT, the Company's strategic operations are centered on enhancing its presence in major metropolitan areas across various regions in the United States, including New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, as well as Northern and Southern California. Meanwhile, the Company is also making inroads into expansion regions that span Raleigh-Durham and Charlotte in North Carolina, Southeast Florida, Dallas and Austin in Texas, and Denver, Colorado, thereby underscoring its commitment to growth and diversification in the competitive real estate market.

Products and Services

• Apartment Communities Ownership: The Company specializes in owning apartment communities, offering a wide range of living options to suit diverse tenant needs across 12 states and the District of Columbia. This includes a direct or indirect ownership interest in 299 apartment communities, with a total of 90,669 apartment homes, ensuring a broad market presence.
• Development and Redevelopment: It actively engages in the development and redevelopment of apartment communities, with 18 communities currently under development. This approach not only helps in expanding the Company's portfolio but also ensures that its offerings are aligned with modern living standards and tenant expectations.
• Acquisition and Management: Focused on both growth and operational excellence, the Company prides itself on acquiring and managing apartment communities in leading metropolitan areas. This strategy enables the Company to maintain high standards of living for its residents while ensuring sustainable growth.
• Expansion into New Regions: With a strategic vision towards growth, the Company is expanding its operations into new regions. These include Raleigh-Durham and Charlotte in North Carolina, Southeast Florida, Dallas and Austin in Texas, and Denver, Colorado, reflecting its initiative to tap into emerging markets and diversify its geographic portfolio.