| Business Summary | | AvalonBay
Communities,
Inc.
is
a
real
estate
investment
trust
(REIT).
The
Company
focuses
on
the
ownership
and
operation
of
upscale
apartment
communities
in
high
barrier-to-entry
markets
of
the
United
States.
Its
markets
are
located
in
Northern
and
Southern
California
and
selected
states
in
the
Mid-Atlantic,
Northeast,
Midwest
and
Pacific
Northwest
regions
of
the
United
States.
As
of
March
1,
2001,
the
Company
owned
or
held
a
direct
or
indirect
ownership
interest
in
126
operating
apartment
communities
containing
37,256
apartment
homes
in
12
states
and
the
District
of
Columbia,
of
which
four
communities
containing
2,211
apartment
homes
were
under
redevelopment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AVB
is
engaged
in
apartment
community
acquisition,
development,
construction,
marketing,
leasing
and
management
in
California
and
parts
of
the
Mid-Atlantic,
Northeast
Midwest
and
Pacific
Northwest.
For
the
six
months
ended
6/30/01,
revenues
rose
16%
to
$318.1
million.
Net
income
applicable
to
Common
rose
4%
to
$80.8
million.
Results
reflect
higher
sales
from
newly
developed
and
redeveloped
communities,
partially
offset
by
higher
property
operating
expenses
and
taxes. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Richard Michaux, 56 Chairman | $816K | Bryce Blair, 42 Pres,
CEO | 671K | Timothy Naughton, 39 COO,
Chief Investment Officer | -- | Samuel Fuller, 39 Exec.
VP, Devel./Construction | -- | Thomas Sargeant, 41 Sr.
VP--CFO and Treasurer | 580K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|