Summary
AvalonBay Inc. is a real estate investment trust that develops, owns, and operates apartment communities. The company was founded in 1978 and focuses on upper-tier apartments with amenities. AVB’s portfolio has a concentration in New England, New York/New Jersey, and California, but has assets in 20 markets, 12 states, and Washington, D.C. Apartment communities are varied, with luxury high-rise urban buildings and smaller communities in suburban areas. Of same-store apartments, 40% are located in California and 16% are located in NY/NJ.
Revenues in 2025 were about $3.04 billion, of which 99% were from rental income with the remainder from management fees. Commercial revenue in 2025 were $40 million. As of the beginning of 2026, AVB had about 300 communities containing over 98,000 apartments
