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Home > Investing > Spotlight on REITs: Avalon Bay Properties

Spotlight on REITs: Avalon Bay Properties

Money Manager | Monday, April 2nd, 2012

Avalon Bay Properties: This Real Estate Investment Trust specializes in apartment ownership and management; it is based in Wilton Connecticut.

Avalon Bay Properties owns apartment communities all over the United States with the majority of the properties being in the North East and California; they currently own 50,000 apartment units. The company was founded in 1978 but was reincorporated in 1995 in the state of Maryland. And was registered as a REIT in 1994, it is still a public company and is currently traded on the New York Stock Exchange as AVB and a share in the company is currently worth $113.23.

Avalon Bay Properties makes sure that all if its properties are well kept and modern, the average age of an apartment complex that is owned by Avalon Bay Properties is nine years old, Avalon Bay Properties does upgrades and remodelling each year to create a community that is home to thousands of families.

Avalon Bay Properties also offers retailers onsite at most of their properties, these retail stores and restaurants are owned by the company and supported by the tenants, making Avalon Bay Properties a retail property owner as well as an apartment complex owner, Avalon Bay Properties also places gyms, cafes and drycleaners onsite at every complex.

As of 2010 Avalon Bay Properties owned 179 apartment communities and over 52,490 units, as well as the development rights to 24 more communities throughout the nation, showing that it has grown even over the last year, when it started with the above mentioned 50,000.

Avalon Bay Properties has a huge market share, as well as a huge tenant base; in fact it has one of the largest apartment complex portfolios in the business and in the North East of the country.

Avalon Bay Properties will acquire apartment complexes that are in high traffic areas, that have multiple units and that are modern or able to be updated to create the modern complex’s they are known for.

Avalon Bay Properties also offers long term accommodations for travelers or short term rentals for those who are in the area for a few months and need quality accommodations for their visit; this brings in extra cash flow each year.

Avalon Bay Properties is a company that has based its growth on the market, buying when the market was good and not buying when it was down, since it deals in rental properties it collects a large amount of rent every month that helps fund the company, as well as the money provided by shareholders and investors. An apartment REIT is usually thought of as a good investment over other types of REITs because of the steady rental income and the good occupancy rates.

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