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Overview
AvalonBay Communities is a publicly traded real estate investment trust (REIT) that specializes in the development, acquisition, and management of multi-family apartment communities. The company was founded in 1978 and is headquartered in Arlington, Virginia. AvalonBay owns and operates over 84,000 apartment units in various communities across 11 states and the District of Columbia. The majority of the company's properties are located in high-growth markets such as New York, California, Seattle, and Boston. The company's mission is to create value for its shareholders by providing quality apartments and exceptional customer service to its residents. AvalonBay's apartments are designed with modern amenities and sustainable features such as Energy Star appliances, high-efficiency lighting, and low-flow plumbing fixtures. AvalonBay has a strong commitment to sustainability and has received numerous awards and recognition for its green initiatives. The company also has a robust corporate responsibility program, which supports philanthropic endeavors and encourages employees to participate in community service projects. In addition to its apartment rental business, AvalonBay also has a development arm that focuses on building new communities and renovating existing properties. The company also has a property management division that oversees the day-to-day operations of its communities. Overall, AvalonBay is a well-established and reputable company in the apartment rental industry, with a strong commitment to sustainability and community involvement.
What is special about the company?
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