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AVALONBAY COMMUNITIES, INC.

AVB · NEW YORK STOCK EXCHANGE INC.

Other Financial Vehicles

The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily 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 the Company's expansion markets consisting of Southeast Florida and Denver, Colorado.