M&A Deal Summary |
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Date | 2010-10-07 |
Target | Briarwood Apartment Community |
Sector | Real Estate |
Buyer(s) | AvalonBay Communities |
Deal Type | Add-on Acquisition |
Deal Value | 45M USD |
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Category | Company |
---|---|
Sector | Real Estate |
Employees | 2,978 |
Revenue | 2.8B USD (2023) |
AvalonBay Communities develops, redevelops, acquires, and manages high-quality apartment communities in the high barrier-to-entry markets of the United States. The Company has several communities under construction and reconstruction, as well as holding future development rights for other communities. AvalonBay Communities is based in Arlington, Virginia.
DEAL STATS | # |
---|---|
Overall | 10 of 13 |
Sector (Real Estate) | 10 of 13 |
Type (Add-on Acquisition) | 10 of 13 |
State (Maryland) | 2 of 3 |
Country (United States) | 10 of 13 |
Year (2010) | 3 of 3 |
Size (of disclosed) | 9 of 13 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2010-10-07 |
Grove Park Apartment Community
Gaithersburg,, Maryland, United States Grove Park is located close to I-270 along Montgomery County’s “Biotechnology Corridor”, a major employment center. Completed in 1974, the community’s apartment interiors were extensively renovated in 2005-2006. Grove Park is also located within five miles of three other AvalonBay communities and will complement the local portfolio by providing diversification by both location and price point. |
Buy | $101M |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2011-07-06 |
Yale Village Townhomes
Rockville,, Maryland, United States Yale Village Townhomes, a community of 210 rental townhomes. Good schools, transit, employment and shopping are all within close proximity.the community consists of 100% direct-entry rental townhome product averaging 1,923 SF per home. |
Buy | $50M |