AvalonBay Communities to Offer 4.75M Shares of Common Stock

AvalonBay Communities, Inc. AVB announced today that it intends to offer approximately 4,750,000 shares of its common stock. All of the shares of common stock will be offered by the Company and will be issued under an existing shelf registration statement. The Company expects to use the net proceeds from the offering to fund investment activity, including development, redevelopment and acquisitions and general corporate purposes.