AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments. As of January 31, 2021, the company owned 79,856 apartment units in New England, the New York City metropolitan area, the Washington, D.C. metropolitan area, Seattle, and California. It is the 3rd largest owner of apartments in the United States. The company was formed by the 1998 merger between Avalon Properties Inc. and Bay Apartment Communities Inc. The merged company owned 40,506 apartment units. Avalon Properties was formed in 1993 as a spinoff from Trammell Crow Company and was led by Richard Michaux, as Chairman and CEO and Chuck Berman, President, COO and Board member. Bay Apartment Communities was formed in 1994 from the apartment business established by Mike Meyer in 1978. More information...
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