AvalonBay Communities Announces New Credit Facilities

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entered into a $2.5 billion Seventh Amended and Restated Revolving Loan Agreement and a $450 million Term Loan Agreement, both maturing in 2030 and 2029 respectively. The Company also increased its short-term, unsecured commercial paper program to $1.0 billion. The credit facilities bear interest at varying levels based on SOFR and the Company's credit rating.

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About AvalonBay Communities, Inc.

AvalonBay Communities, Inc. is a real estate investment trust specializing in multifamily residential properties across major U.S. coastal markets. The company focuses on the development, redevelopment, acquisition, ownership, and operation of apartment communities, primarily in New England, the New York/New Jersey metropolitan area, the Mid-Atlantic region, the Pacific Northwest, and Northern and Southern California. Its portfolio is organized into segments that include established or same-store communities, other stabilized communities, and development or redevelopment communities, reflecting different stages of asset maturity and income generation. AvalonBay Communities, Inc. operates its properties under multiple brands tailored to distinct renter profiles and price points, enhancing its reach within the multifamily housing sector. Headquartered in Arlington, Virginia, the company plays a significant role in providing rental housing in high-demand urban and suburban markets, serving a broad tenant base ranging from young professionals to families seeking amenity-rich, professionally managed apartment living.