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April 2nd, 2012

Spotlight on REITs: Avalon Bay Properties

(Money Manager) - 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.

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