← Home
Company at a Glance
Price
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.
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?
1. Focus on sustainability: AvalonBay Communities is committed to building and managing properties that are energy-efficient and environmentally sustainable. This includes incorporating green building practices, implementing energy-saving technologies, and promoting recycling and other eco-friendly initiatives.
2. Strong financial performance: With over 20 years of consecutive quarterly dividend increases, AvalonBay Communities has a proven track record of delivering strong financial returns to its investors. It also has a strong balance sheet with low leverage, providing financial stability and flexibility.
3. Premier locations: The company focuses on developing and acquiring properties in highly sought-after locations, such as urban and suburban areas with strong job growth, good schools, and desirable amenities. This helps attract and retain high-quality tenants and maintain high occupancy rates.
4. High-quality properties: AvalonBay Communities develops and maintains its properties with a focus on quality and attention to detail. This includes state-of-the-art amenities, well-designed living spaces, and responsive management services.
5. Resident satisfaction: The company prioritizes resident satisfaction and aims to provide a positive living experience for its tenants. This includes offering convenient services, fostering a sense of community, and being responsive to residents' needs.
6. Strong management team: AvalonBay Communities has a highly experienced and dedicated management team with a diverse set of skills and expertise in real estate development, operations, and finance. This allows the company to effectively navigate market trends and deliver consistent performance.
7. Commitment to social responsibility: AvalonBay Communities believes in giving back to the communities in which it operates, through donations, volunteer work, and partnerships with local organizations. The company also strives to create inclusive and diverse communities within its properties.
8. Award-winning company: AvalonBay Communities has received numerous awards and recognition for its properties, management, and commitment to sustainability. This includes being consistently recognized as one of the Top Workplaces by The Washington Post and The Boston Globe.
9. Strong corporate culture: The company fosters a positive and supportive corporate culture, which is reflected in its high employee satisfaction and retention rates. This allows for better teamwork and collaboration, leading to successful outcomes for both the company and its stakeholders.
10. Commitment to innovation: AvalonBay Communities is constantly seeking new ways to improve its properties, services, and overall business. This includes embracing new technologies and trends to meet the evolving needs and preferences of its residents and maintain a competitive edge in the market.
2. Strong financial performance: With over 20 years of consecutive quarterly dividend increases, AvalonBay Communities has a proven track record of delivering strong financial returns to its investors. It also has a strong balance sheet with low leverage, providing financial stability and flexibility.
3. Premier locations: The company focuses on developing and acquiring properties in highly sought-after locations, such as urban and suburban areas with strong job growth, good schools, and desirable amenities. This helps attract and retain high-quality tenants and maintain high occupancy rates.
4. High-quality properties: AvalonBay Communities develops and maintains its properties with a focus on quality and attention to detail. This includes state-of-the-art amenities, well-designed living spaces, and responsive management services.
5. Resident satisfaction: The company prioritizes resident satisfaction and aims to provide a positive living experience for its tenants. This includes offering convenient services, fostering a sense of community, and being responsive to residents' needs.
6. Strong management team: AvalonBay Communities has a highly experienced and dedicated management team with a diverse set of skills and expertise in real estate development, operations, and finance. This allows the company to effectively navigate market trends and deliver consistent performance.
7. Commitment to social responsibility: AvalonBay Communities believes in giving back to the communities in which it operates, through donations, volunteer work, and partnerships with local organizations. The company also strives to create inclusive and diverse communities within its properties.
8. Award-winning company: AvalonBay Communities has received numerous awards and recognition for its properties, management, and commitment to sustainability. This includes being consistently recognized as one of the Top Workplaces by The Washington Post and The Boston Globe.
9. Strong corporate culture: The company fosters a positive and supportive corporate culture, which is reflected in its high employee satisfaction and retention rates. This allows for better teamwork and collaboration, leading to successful outcomes for both the company and its stakeholders.
10. Commitment to innovation: AvalonBay Communities is constantly seeking new ways to improve its properties, services, and overall business. This includes embracing new technologies and trends to meet the evolving needs and preferences of its residents and maintain a competitive edge in the market.
What the company's business model?
AvalonBay Communities is a real estate investment trust (REIT) that focuses on developing, owning, and managing high-quality multifamily apartment communities. Their business model is centered around providing exceptional living experiences for their residents while maximizing long-term value for their investors.
AvalonBay's main source of revenue is from the rental income generated from its portfolio of properties. They also generate income from ancillary services such as parking fees, pet fees, and other charges for additional amenities.
Their business model is based on a vertically integrated approach, meaning they handle every aspect of the development, construction, and management of their properties in-house. This allows them to maintain a high level of control over the quality and consistency of their communities.
AvalonBay's business model also includes a strong focus on sustainability and environmental responsibility. They strive to build and manage their properties in an environmentally friendly and sustainable manner, which not only benefits the planet but also helps to reduce operational costs in the long run.
In addition, AvalonBay prioritizes resident satisfaction and retention by providing top-notch customer service, a variety of amenities, and ongoing maintenance and upgrades to their properties.
Overall, AvalonBay's business model focuses on creating attractive, sustainable, and well-managed communities that provide a high-quality living experience for residents and a strong return on investment for their shareholders.
AvalonBay's main source of revenue is from the rental income generated from its portfolio of properties. They also generate income from ancillary services such as parking fees, pet fees, and other charges for additional amenities.
Their business model is based on a vertically integrated approach, meaning they handle every aspect of the development, construction, and management of their properties in-house. This allows them to maintain a high level of control over the quality and consistency of their communities.
AvalonBay's business model also includes a strong focus on sustainability and environmental responsibility. They strive to build and manage their properties in an environmentally friendly and sustainable manner, which not only benefits the planet but also helps to reduce operational costs in the long run.
In addition, AvalonBay prioritizes resident satisfaction and retention by providing top-notch customer service, a variety of amenities, and ongoing maintenance and upgrades to their properties.
Overall, AvalonBay's business model focuses on creating attractive, sustainable, and well-managed communities that provide a high-quality living experience for residents and a strong return on investment for their shareholders.
Interesting facts about the company
1. AvalonBay Communities is a real estate investment trust (REIT) that was founded in 1978, making it one of the oldest publicly traded multifamily companies in the United States.
2. The company owns and operates more than 300 apartment communities with over 86,000 apartment homes in 12 states and the District of Columbia.
3. AvalonBay is highly focused on sustainability and has been recognized as the top apartment REIT in the US for sustainability by the National Association of Real Estate Investment Trusts (NAREIT) for nine consecutive years.
4. The company has a strong commitment to diversity and inclusion, with 43% of its Board of Directors being women and 33% being racially diverse.
5. In addition to developing and managing apartment communities, AvalonBay also has a strong philanthropic presence, supporting local organizations and charities in the areas where it operates.
6. The company’s name, AvalonBay, comes from the mythical island of Avalon from Arthurian legend, representing a place of comfort and serenity.
7. AvalonBay is a member of the S&P 500 and has been consistently ranked as one of Fortune’s 100 Best Companies to Work For.
8. The company’s headquarters is located in Arlington, Virginia, just outside of Washington D.C.
9. In 2020, AvalonBay was named one of the World’s Most Ethical Companies by the Ethisphere Institute for the seventh consecutive year.
10. AvalonBay has a strong commitment to customer satisfaction, with a 96% customer retention rate and 92% of residents reporting that they would recommend the company to a friend.
See Company Q&A
2. The company owns and operates more than 300 apartment communities with over 86,000 apartment homes in 12 states and the District of Columbia.
3. AvalonBay is highly focused on sustainability and has been recognized as the top apartment REIT in the US for sustainability by the National Association of Real Estate Investment Trusts (NAREIT) for nine consecutive years.
4. The company has a strong commitment to diversity and inclusion, with 43% of its Board of Directors being women and 33% being racially diverse.
5. In addition to developing and managing apartment communities, AvalonBay also has a strong philanthropic presence, supporting local organizations and charities in the areas where it operates.
6. The company’s name, AvalonBay, comes from the mythical island of Avalon from Arthurian legend, representing a place of comfort and serenity.
7. AvalonBay is a member of the S&P 500 and has been consistently ranked as one of Fortune’s 100 Best Companies to Work For.
8. The company’s headquarters is located in Arlington, Virginia, just outside of Washington D.C.
9. In 2020, AvalonBay was named one of the World’s Most Ethical Companies by the Ethisphere Institute for the seventh consecutive year.
10. AvalonBay has a strong commitment to customer satisfaction, with a 96% customer retention rate and 92% of residents reporting that they would recommend the company to a friend.
See Company Q&A