ARLINGTON, Va.--(BUSINESS WIRE)--
AvalonBay Communities, Inc. (NYSE: AVB) – a trusted name in multifamily
housing – announced today a new company standard that demonstrates its
commitment to building sustainable and environmentally responsible homes
and communities for the future.
AvalonBay has implemented a new "Building Certified" policy that
requires all new high-rise and mid-rise construction projects to achieve
third-party certification of environmental and energy efficiency from
external rating programs such as LEED or Energy Star. The new policy
also strengthens requirements for garden apartment communities.
"This new policy will drive us to continue to reduce consumption and
further demonstrates our commitment to creating better, more sustainable
communities," said Matthew Birenbaum, Chief Investment Officer. "This
will also help AvalonBay attract the best talent to join our design,
development and construction teams to work on projects that advance the
best in green building. We are constantly pushing ourselves to be better
every day – more environmentally conscious, a better employer, and a
stronger community partner."
AvalonBay currently owns 16 LEED and 10 Energy Star certified
communities, and an additional 23 communities are pursuing
certification. The company also received the National Association of
Real Estate Investment Trusts' 2015 Residential Leader in the Light
award and was identified as a sector leader by the Global Real Estate
Sustainability Benchmark [GRESB]. Both of these organizations recognize
industry leaders that demonstrate a long-term commitment to
sustainability and environmental responsibility.
About AvalonBay Communities, Inc.
As of September 30, 2015, the Company owned or held a direct or indirect
ownership interest in 282 apartment communities containing 82,851
apartment homes in eleven states and the District of Columbia, of which
27 communities were under construction and eight communities were under
reconstruction. The Company is an equity REIT in the business of
developing, redeveloping, acquiring and managing apartment communities
in the leading metropolitan areas in New England, the New York/New
Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the
Northern and Southern California regions of the United States. More
information may be found on the Company's website at http://www.avalonbay.com.
Copyright © 2016 AvalonBay Communities, Inc. All Rights Reserved
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