AvalonBay Communities / AVB
Fred Harris, Senior Vice President of Development for New York City , Mayor Joseph Delfino, Councilman Benjamin Boykin, Council President Rita Malmud break ground at Avalon White Plains. (Photo: Courtesy of company.)
About AvalonBay Communities
2900 Eisenhower Ave., Suite 300, Alexandria, Va. 22314
www.avalonbay.com
| 703-329-6300
| Founded: 1993
Industry: Real Estate | Category: Public Companies
AvalonBay Communities is a real estate investment trust that develops and manages high-quality apartments in the District and 10 states on the East and West coasts, plus Illinois. The trust owns or holds an interest in 184 apartment communities, 21 of which are under construction. It also owns future rights for 48 communities and has a goal of selling up to about $1 billion in property this year, about three times more than it has in any recent year.
Chairman and CEO: Bryce Blair
2007 Financial Data
Revenues: $812,741,000 | Net Income: $358,160,000Asssets: $6,736,480,000 | Earnings Per Share: $4.38
Stockholder Equity: $3,026,654,000 | Annual Dividend: $3.40
Total employees: 1,898 | Local employees: 400
Company Leadership
| Bryce Blair | Chairman, Chief Executive Officer |
| Bruce A. Choate | Director |
| John J. Healy | Director |
| Gilbert M. Meyer | Director |
| Timothy J. Naughton | Director |
| Lance R. Primis | Lead Independent Director |
| Peter S. Rummell | Director |
| H. Jay Sarles | Director |
| Allan D. Schuster | Director |
| Amy P. Williams | Director |
Source: Compensation data provided by Equilar, Inc..
Did You Know
GETTING PROPS: The National Association of Home Builders named AvalonBay the property management company of the year for 2007.
