AvalonBay Communities, Inc. Provides Third Quarter 2021 Operating and Acquisition Activity Update
Summary
In addition, the Company announced that it acquired: • The Nexus Lakeside, located in Flower Mound, Texas, on September 1, 2021 for a purchase price of approximately $117 million. • Hub South End, located in Charlotte, North Carolina, on September 23, 2021 for a purchase price of approximately $104 million. Stabilized Operations is defined as the earlier of (i) the attainment of 90% physical occupancy or (ii) the one-year anniversary of completion of development or redevelopment. The Company does not undertake a duty to update forward-looking statements, including its expected operating results and other financial data forecasts contained in this press release. The Company may, in its discretion, provide information in future public announcements regarding its outlook that may be of interest to the investment community.