Founded in 1978 and headquartered in Arlington, Virginia, AvalonBay Communities, Inc. (AVB) has grown into one of the biggest names in the apartment business. Structured as a real estate investment trust (REIT), the company focuses on developing, acquiring, and managing upscale multifamily communities in some of the country’s most desirable and supply-constrained markets.
Today, AvalonBay owns or manages over 98,000 apartment homes, with a strong presence in coastal hubs such as Boston, New York, Washington, Seattle, and California, while also expanding into fast-growing regions like Texas, Florida, North Carolina, and Colorado. By keeping its sights on markets with strong job growth and limited housing supply, AvalonBay has built a reputation as a steady operator in residential real estate.
