M&A Deal Summary

AvalonBay Communities Acquires Paseo Park Apartment Community

On December 31, 2005, AvalonBay Communities acquired real estate company Paseo Park Apartment Community for 20M USD

Acquisition Highlights
  • This is AvalonBay Communities’ 3rd transaction in the Real Estate sector.
  • This is AvalonBay Communities’ 12th largest (disclosed) transaction.
  • This is AvalonBay Communities’ 3rd transaction in the United States.

M&A Deal Summary

Date 2005-12-31
Target Paseo Park Apartment Community
Sector Real Estate
Buyer(s) AvalonBay Communities
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Paseo Park Apartment Community

United States
Paseo Park Apartment Community an unrelated third party and features 134 one- and two-bedroom apartment homes. Community amenities include two outdoor swimming pools and a playground.

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Buyer(S) 1

Buyer

AvalonBay Communities

Arlington, Virginia, United States

Category Company
Founded 1975
Sector Real Estate
Employees2,928
Revenue 2.9B USD (2024)
DESCRIPTION

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 was founded in 1975 and is based in Arlington, Virginia.


DEAL STATS #
Overall 3 of 13
Sector: Real Estate M&A 3 of 13
Type: Add-on Acquisition M&A Deals 3 of 13
Country: United States M&A 3 of 13
Year: 2005 M&A 3 of 3
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-15 Civic Center Place

California, United States

Civic Center Place is an unrelated third party and features 192 one- and two-bedroom apartment homes and two-bedroom townhomes. Community amenities include a fitness center, tennis court and two swimming pools and spas.

Buy $38M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-15 Aurora Yerba Buena

United States

Aurora Yerba Buena community features a fitness center overlooking a sun deck, a sauna, three business centers and two conference rooms. Additionally, the community includes a 32,000 square foot Whole Foods Market and a 155-space parking garage.

Buy $66M