Apartment real estate investment trust AvalonBay Communities has raised its earnings expectations for the third time in as many quarters this year, despite some softening in October rents. The results came as demand factors in the company’s coastal portfolio buoy long-term bets on oversupplied Sun Belt markets.
AvalonBay looks beyond low apartment renting season to growth in 2025
Total development spending could reach $1.5 billion next year, REIT says
By Jon Leckie
CoStar News
November 5, 2024 | 9:15 P.M.
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IN THIS ARTICLE
- Properties
- Avalon Cherry Hills
3650 Broadway, Englewood, CO
- Companies
- AvalonBay Communities, Inc.
Real Estate