AvalonBay Communities, Inc. Awarded Nareit’s 2022 Residential Leader in the Light Award
November 17 2022 - 8:30AM
Business Wire
Award Acknowledges Companies That
Demonstrate Superior and Sustained ESG Practices
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”)
announced today that it was named the 2022 Leader in the Light
Award recipient for the residential sector for the seventh time by
the National Association of Real Estate Investment Trusts (Nareit).
The Company also received the award in 2021, 2020, 2019, 2015, 2013
and 2012.
Nareit's annual Leader in the Light Awards honor Nareit member
companies that have demonstrated superior and sustained
environmental, social and governance (ESG) practices. Now in their
17th year, the 2022 Leader in the Light Awards were presented to
REITs in eight property sectors during Nareit’s REITworld: 2022
Annual Conference.
“At AvalonBay we understand and are driven by a strong belief
that our actions, both big and small, contribute to creating a
better way to live – for all people, the places where we live and
work, and the planet at large, “said Benjamin Schall, CEO of
AvalonBay. “We are honored to be recognized by Nareit for our ESG
efforts and the industry-leading impact that we are making.”
The 2022 Leader in the Light Awards are based on the results of
the Global Real Estate Sustainability Benchmark (GRESB) Annual
Survey, as well as scored responses to supplemental questions by an
interdisciplinary panel of judges. Earlier this year, the Company
was also named the top-performing multifamily company among its
peers as both a Global and a Regional Sector Leader by GRESB in its
2022 Real Estate Assessment. AvalonBay also earned a 5-Star Rating,
the highest achievement level recognized by GRESB.
“The advancement of sustainability in all of its facets,
including environmental stewardship, social responsibility, and
good governance is a core component of the REIT and publicly traded
real estate industry and is increasingly vital to communities and
investors,” said Nareit President and CEO Steven A. Wechsler. “We
applaud our members’ continued commitment to navigating their
business strategies and practices through a sustainability
lens.
About AvalonBay Communities, Inc.
As of September 30, 2022, the Company owned or held a direct or
indirect ownership interest in 293 apartment communities containing
88,405 apartment homes in 12 states and the District of Columbia,
of which 18 communities were under development and one community
was under redevelopment. The Company is an equity REIT in the
business of developing, redeveloping, acquiring and managing
apartment communities in leading metropolitan areas 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 of Raleigh-Durham and Charlotte, North
Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver,
Colorado. More information may be found on the Company’s website at
http://www.avalonbay.com.
Copyright © 2022 AvalonBay Communities, Inc.
All Rights Reserved
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Jason Reilley Vice President Investor Relations AvalonBay
Communities, Inc. 703-317-4681
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