AvalonBay Communities

AvalonBay Communities, Inc. (NYSE: AVB) stands as one of America's premier multifamily real estate investment trusts, with a distinguished 30-year track record of creating exceptional apartment living experiences across some of the nation's most desirable metropolitan areas. As a member of the S&P 500 and a Fortune 500 company, AvalonBay operates with a clear mission: creating a better way to live by providing distinctive apartment homes that enhance residents' quality of life while contributing to the vitality of local communities.

With a portfolio encompassing 314 apartment communities and 97,219 apartment homes as of September 2025, AvalonBay has established itself as the third-largest apartment owner in the United States. The company's strategic footprint spans leading metropolitan areas including New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, Northern and Southern California, as well as high-growth expansion markets in Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. These markets are characterized by strong employment growth in high-wage sectors, lower housing affordability, and diverse, vibrant quality of life—factors that drive consistent demand for quality rental housing.

AvalonBay's business model centers on three core strategies: developing and redeveloping interests in apartment communities in selected markets, efficiently operating communities to maximize resident satisfaction and shareholder returns, and selectively selling properties that no longer align with long-term strategy or when opportunities arise to realize value and reinvest proceeds. This disciplined approach has enabled the company to generate annual revenue of $2.96 billion in 2024, representing 6.58% growth, while maintaining a market capitalization of approximately $27.43 billion as of September 2025.

The company distinguishes itself through its commitment to sustainability and innovation. Named 2025 Regional Sector Leader for Americas Listed Residential in the GRESB Development Benchmark with a score of 95/100, AvalonBay maintains an "A" rating from MSCI and "A-" rating from CDP for environmental performance. The company has been recognized on Forbes' Top 100 List of Net Zero Leaders as the only multifamily REIT on the list, demonstrating industry leadership in addressing climate change. Additionally, AvalonBay has received Nareit's Leader in the Light Award seven times, recognizing excellence in sustainability practices.

AvalonBay's culture is grounded in core values of integrity, continuous improvement, and caring, with cultural norms emphasizing collaboration, excellence, ownership thinking, innovation, appreciation, and championing inclusion and diversity. The company's 3,039 employees benefit from comprehensive programs including up to $5,250 annually for undergraduate or graduate study, generous rent discounts for those living in AvalonBay communities, a lifetime $5,000 benefit for inclusive family building, and robust health and wellness benefits. The creation of an Inclusion & Diversity Council in 2018 reflects the company's commitment to ensuring every associate has the opportunity to thrive and grow in an inclusive environment.