AvalonBay Communities

AvalonBay Communities, Inc. (NYSE: AVB) is a multifamily real estate investment trust that develops, redevelops, acquires and manages apartment communities in select U.S. markets. The company owns and operates approximately 98,000 apartment homes and employs about 3,000 associates, with more than 30 years of experience in the sector. It is a member of the S&P 500 and holds investment-grade credit ratings from Moody's and S&P.

Work is concentrated in high-barrier-to-entry markets across the Northeast, Mid-Atlantic, Southeast Florida, Texas, North Carolina, Colorado, California and the Pacific Northwest. Disciplines span real estate development and redevelopment, property acquisition, property management and multifamily housing operations.

The portfolio is organised under four apartment living brands: Avalon, which serves the luxury end of the renter market; AVA; eaves by Avalon, a value-oriented brand; and Kanso. Together they address a range of renters, from luxury living seekers to value-oriented customers.

AvalonBay states a purpose of creating a better way to live, with a focus on distinctive, high-quality apartment communities. Since its IPO the company has delivered annualised total shareholder return growth of 10.4%, and annualised dividend growth of 4.9% since 2000.