Avalon Bay Communities Inc. - AVB- Profile

AvalonBay Communities Inc.. The Group's principal activity is that of an investment trust. The Group acquires, develops, constructs, markets, leases and manages apartment communities. The Group has been approved as an Investment Trust Company under Sections 856 of the Internal Revenue Code of 1986. At 30-Sep-2006, the Group owned interest in 167 operating apartment communities containing 48,294 apartment homes in 10 states and the District of Columbia, of which 17 communities were under construction contain an aggregate of 5,153 apartment homes when completed, and 6 communities containing 2,381 apartment homes were under reconstruction. The Group's markets are located in the Northeast, Mid-Atlantic, Midwest, Pacific Northwest, and Northern and Southern California regions of the United States. Acquires, develops, constructs, markets, leases and manages apartment communities