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Morningstar Research provides an overview of AvalonBay Communities' (AVB) substantial real estate portfolio, comprising 296 apartment communities with over 90,000 units. The company is also actively engaged in development, with 24 additional properties and approximately 8,600 units in progress. AVB's strategic focus centers on acquiring and developing large, high-quality assets within key metropolitan markets across New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.