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Avalonbay Communities 

“Market Cap $16.99 B As of May 2014

At a Glance
  • Industry: Real Estate
  • Founded: 1978
  • Country: United States
  • CEO: Timothy Naughton
  • Website: www.avalonbay.com
  • Employees: 2,900
  • Sales: $1.42 B
  • Headquarters: Arlington, Virginia
Forbes Lists

#1235 Global 2000

  • #1544 in Profit
  • #1302 in Assets
  • #661 in Market value
Profile

AvalonBay Communities, Inc. is a real estate investment trust that is engaged in the development, redevelopment, acquisition, ownership and operation of multifamily communities in high barrier to entry markets of the U.S. It operates through three segments: Established Communities segment, Other Stabilized Communities segment and Development/Redevelopment Communities segment. The Established Communities segment is generally operating communities that are owned and had stabilized occupancy. The Other Stabilized Communities segment includes all other completed communities that have stabilized occupancy. The Development/Redevelopment Communities segment consists of communities that are under construction and have not received a final certificate of occupancy. AvalonBay Communities was founded by Gilbert M. Meyer in 1978 and is headquartered in Arlington, VA.

Avalonbay Communities History

AvalonBay Communities Inc. was incorporated under the laws of the State of California in 1978 and was reincorporated in the State of Maryland in June 1995.

In February 2013, AvalonBay acquired 40% of Archstone’s assets as part of an acquisition headed by Equity Residential.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “VABeachEconDev