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April 28, 2005

AvalonBay Communities

AvalonBay Communities, which has 13 apartment complexes in the Puget Sound market, won the National Association of Home Builders Pillars of the Industry Awards as the Freddie Mac Multifamily Development Firm of Year. Judges cited the company's commitment to building in high barrier-to-entry markets. AvalonBay, which has 42,810 apartments and a development pipeline valued at more than $3 billion, is the fourth largest public real estate investment trust in the multifamily industry. It's the third time in seven years the company has won the award.




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