AvalonBay Communities, Inc.

AvalonBay Communities, Inc. is a Maryland corporation that operates as a real estate investment trust (REIT). The company develops, redevelops, acquires, owns, and operates apartment communities. These properties, which include apartment homes or townhomes, are located in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. AvalonBay also operates in expansion regions including Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. As of January 31, 2026, AvalonBay owned or held an interest in 292 operating apartment communities, totaling 88,768 apartment homes across 11 states and the District of Columbia. Of these, 284 communities with 86,374 apartment homes were consolidated for financial reporting, while eight communities with 2,394 apartment homes were held by unconsolidated entities. Additionally, the company had 27 wholly-owned development communities under construction or in lease-up, projected to contain 9,692 apartment homes upon completion. AvalonBay also holds rights to develop 33 more communities, which are expected to add 10,532 apartment homes. The company acquires properties by developing new communities on vacant land or land with existing structures that are demolished, or by purchasing existing communities. Site selection prioritizes proximity to employment centers, transportation, and amenities.