AvalonBay Communities is a multifamily real estate investment trust (REIT) that develops, redevelops, acquires, and manages apartment communities across select U.S. markets. The company operates a portfolio of approximately 98,000 apartment homes. Its properties span key regions including the Northeast, Mid-Atlantic, Pacific Northwest, California, Colorado, Texas, North Carolina, and Southeast Florida.
The company operates several distinct apartment living brands - Avalon, AVA, eaves by Avalon, and Kanso - each designed to address different segments of the renter market. Since its IPO, AvalonBay has delivered an annualized total shareholder return (TSR) growth of 10.4%, with annualized dividend growth of 4.9% since 2000.
AvalonBay employs approximately 3,000 associates. The company states its purpose is creating a better way to live.
