AvalonBay Communities, Inc. Awarded Nareit’s 2021 Residential Leader in the Light Award
November 10 2021 - 4:15PM
Business Wire
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) — The National
Association of Real Estate Investment Trusts (Nareit) has again
named AvalonBay Communities, Inc. the 2021 Leader in the Light
Award recipient for the residential sector. The Company also
received the award in 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
16th year, the 2021 Leader in the Light Awards were presented to
REITs in eight property sectors during Nareit’s REITworld: 2021
Annual Conference.
"AvalonBay’s commitment to corporate responsibility remains a
top priority. We believe that to be a great company we need to take
a multi-stakeholder approach to our business and be a leader in the
area of ESG performance. We are honored to be recognized for the
progress we’ve made in this part of our business through this
recognition from Nareit,” said Timothy J. Naughton, Chairman and
CEO of AvalonBay.
The 2021 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.
“We are delighted to recognize AvalonBay Communities for setting
an example for how REITs can institutionalize ESG within their
business management and operations,” said Fulya Kocak, senior vice
president, ESG issues, Nareit. “We are proud to recognize AvalonBay
Communities for its achievements in sustainability and ESG
practices.”
About AvalonBay Communities, Inc.
As of September 30, 2021, the Company owned or held a direct or
indirect ownership interest in 293 apartment communities containing
87,416 apartment homes in 13 states and the District of Columbia,
of which 17 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. For additional information on the
Company’s ESG efforts, please reference the most recent Corporate
Responsibility report or contact Mark Delisi, Vice President of
Corporate Responsibility at 703-317-4707.
Copyright © 2021 AvalonBay Communities, Inc.
All Rights Reserved
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Mark Delisi Vice President Corporate Responsibility AvalonBay
Communities, Inc. 703-317-4707
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