AvalonBay Communities

AvalonBay Communities, with a $30B market cap, is a premier residential REIT targeting high-demand coastal and Sunbelt markets. It operates 90,000+ apartment units across 300+ communities, benefiting from a US housing undersupply of 3.8 million units that fuels 6% annual rent growth. It is 40% cheaper than the average entry cost for new multifamily developments in its core markets, giving it a competitive edge over #9 Welltower in capturing millennial and Gen Z renters. Its properties maintain a 95% occupancy rate, a data point 5 percentage points above the national apartment average.