AvalonBay Communities, Inc.

AvalonBay Communities, Inc. is a major real estate investment trust (REIT) specializing in the development, acquisition, ownership, and management of high-quality multifamily apartment communities. With roots dating back to 1978, the company has grown to become one of the largest owners and operators of apartment homes in the United States, overseeing a portfolio that spans prominent markets including New England, the New York City metropolitan area, Washington, D.C., Seattle, and California. AvalonBay Communities focuses on delivering distinctive and well-managed residential properties through three primary operational segments: Same Store (stabilized communities with established occupancy), Other Stabilized (recently completed and stabilized communities), and Development or Redevelopment (properties under construction or significant renovation). The firm is known for its commitment to sustainable practices, operational excellence, and innovative property management, supported by a robust balance sheet and long-term vision. Its business model aims to provide stable income through residential leasing while pursuing growth via development and value-enhancing acquisitions. As a constituent of the S&P 500, AvalonBay Communities holds a significant role in the U.S. real estate sector, serving a broad range of renters and contributing to the broader housing market.