AvalonBay Communities, Inc. is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. The company is headquartered in Arlington, Virginia and currently employs 3,039 full-time employees. The firm develops, redevelops, acquires, owns and operates multifamily apartment communities in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in its expansion markets of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. The firm focuses on metropolitan areas in these regions. The firm's segments include Same Store, Other Stabilized and Development/Redevelopment. The firm owns or holds a direct or indirect ownership interest in approximately 279 operating apartment communities containing over 83,655 apartment homes in 12 states and the District of Columbia and 19 wholly owned apartment communities under development. The firm operates under four core brands, which include Avalon, AVA, eaves by Avalon, and Kanso.