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| Avalon Bay Communities A Residential REIT Financials for Period End 6/8/2008 |
Copyrights 2006-2008 SGM Publishing |
| Update 8/14/2008 |
AvalonBay Communities, Inc., a real estate investment trust (REIT), engages in the
development, redevelopment, acquisition, ownership, and operation of multifamily
Pacific Northwest, and northern and southern California regions of the United States.
As of January 31, 2007, the company owned or held a direct or indirect ownership
interest in 151 apartment communities that consist of 43,533 apartment homes in 10
states and the District of Columbia, of which 6 communities containing 2,381 apartment
homes were under reconstruction. It also had 17 communities under construction and
held rights to develop an additional 54 communities. AvalonBay Communities has
elected to be taxed as a REIT and would be exempt from federal taxation, if it distributes
approximately 90% of its taxable income to its shareholders. The company, formerly
known as Bay Apartment Communities, Inc., was founded in 1978. It changed its name
to AvalonBay Communities, Inc. in 1998. The company is based in Alexandria, Virginia
with additional offices in Boston, Massachusetts; Chicago, Illinois; Long Island, New
York; Los Angeles, California; New York, New York; Newport Beach, California; San
Jose, California; Seattle, Washington; Shelton, Connecticut; and Woodbridge, New
Jersey.
development, redevelopment, acquisition, ownership, and operation of multifamily
Pacific Northwest, and northern and southern California regions of the United States.
As of January 31, 2007, the company owned or held a direct or indirect ownership
interest in 151 apartment communities that consist of 43,533 apartment homes in 10
states and the District of Columbia, of which 6 communities containing 2,381 apartment
homes were under reconstruction. It also had 17 communities under construction and
held rights to develop an additional 54 communities. AvalonBay Communities has
elected to be taxed as a REIT and would be exempt from federal taxation, if it distributes
approximately 90% of its taxable income to its shareholders. The company, formerly
known as Bay Apartment Communities, Inc., was founded in 1978. It changed its name
to AvalonBay Communities, Inc. in 1998. The company is based in Alexandria, Virginia
with additional offices in Boston, Massachusetts; Chicago, Illinois; Long Island, New
York; Los Angeles, California; New York, New York; Newport Beach, California; San
Jose, California; Seattle, Washington; Shelton, Connecticut; and Woodbridge, New
Jersey.
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