M&A Deal Summary |
|
|---|---|
| Date | 2010-09-08 |
| Target | Creekside Meadows Apartments |
| Sector | Real Estate |
| Buyer(s) | AvalonBay Communities |
| Deal Type | Add-on Acquisition |
| Deal Value | 99M 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 | 8 of 13 |
| Sector (Real Estate) | 8 of 13 |
| Type (Add-on Acquisition) | 8 of 13 |
| State (California) | 3 of 3 |
| Country (United States) | 8 of 13 |
| Year (2010) | 1 of 3 |
| Size (of disclosed) | 4 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-05-13 |
Verona Apartments
Seattle, Washington, United States Verona Apartments, a community of 220 homes in downtown Bellevue, the community is a four story mid-rise over two levels of parking and is located near the Company's existing Avalon Bellevue community. Verona provides easy access to I-405 and over 12 million square feet of retail, entertainment and office space. |
Buy | $33M |
| 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 |
