Sundry PhotographyAvalonBay Communities (NYSE:AVB), incorporated in 1994 and headquartered in Arlington, VA, owns, develops, redevelops, acquires, and operates multifamily apartment communities mainly in the suburban markets of the East and West Coast. Its property portfolio is attractive, and its performance has been very good despite decelerating rent growth in multifamily markets. It also has very low leverage and strong liquidity, with well-structured maturities. The main issue with this REIT is its ...