AvalonBay Communities, Inc., an equity REIT, has a long-term track record of developing, redeveloping, acquiring, and managing distinctive apartment homes in some of the best U.S. markets, and delivering outsized, risk-adjusted returns to shareholders
The business held close to eighty thousand apartment units as of January 31st, 2021, all of which were located in New England, the New York City metropolitan region, the Washington, D.C. metropolitan area, Seattle, and the Californian state of California. metropolitan area. As a result, it ranks as the country’s third-biggest apartment owner. Investors may get exposure to AvalonBay Communities, Inc. via the stock market
Avalon Properties Inc. and Bay Apartment Communities Inc. merged to create the business in 1998. The combined business had a total of forty thousand residential units. Avalon Properties was founded in 1993 as a spinoff from Trammell Crow Company under the leadership of Richard Michaux, Chairman, and CEO, and Chuck Berman, President, Chief Operating Officer, and Board member. In 1994, Bay Apartment Communities was created by Mike Meyer’s 1978 apartment company.
The firm sold close to five hundred million dollars worth of assets in 2003 and reinvested the profits in its development pipeline. The business was then included in the S&P 500 index for the first time in 2007 and Timothy J. Naughton was appointed CEO in 2011. He was elevated to the position of chairman in January 2013.
AvalonBay Communities and Equity Residential completed the nine billion-dollar acquisition of Archstone from Lehman Brothers on February 27th, 2013.
Former residents of Avalon at Edgewater, an AvalonBay community in Edgewater, New Jersey, filed a lawsuit in 2017 alleging that AvalonBay violated its duty of care by allegedly breaching fire regulations and safety protocols in the aftermath of a five-alarm fire at the complex in 2015. The Russell Building residents of the Avalon at Edgewater filed the same class-action lawsuit in 2017. The case was resolved in 2017. Tenants had until September 11, 2017, to file a claim for their whole losses from the fire.
WHAT DOES THE COMPANY DO
Avalonbay Communities Inc is incorporated in the state of Maryland. Avalonbay Communities Inc is primarily in the business of real estate investment trusts. For financial reporting, their fiscal year ends on December 31st.
AvalonBay Communities owns a portfolio of more than two hundred apartment communities with over seventy-five thousand units and is developing twenty-two additional properties with over 8,600 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.
AvalonBay Communities, Inc. engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through [A.] Established Communities, [B.] Other Stabilized Communities, and [C.] Development or Redevelopment Communities. The Established Communities segment refers to the operating communities that were owned and had stabilized occupancy. The Other Stabilized Communities segment includes all other completed communities that have stabilized occupancy. The Development or Redevelopment Communities segment consists of communities that are under construction.
A real estate investment trust (REIT) is a type of firm that owns, runs, or funds income-producing real estate. REITs, which are similar to mutual funds, combine the capital of many investors. This enables private investors to receive income on real estate investments without owning, managing or financing any buildings. Apartment complexes, data centers, healthcare facilities, hotels, infrastructure—in the form of fiber cables, cell towers, and energy pipelines—office buildings, retail centers, self-storage, forestry, and warehouses may all be included in a REIT portfolio.
REITs, in general, focus on a single real estate industry. However, diversified and specialized REITs may own a mix of property types, for example, a REIT that owns both office and retail buildings.
Numerous REITs are openly listed on major stock exchanges, and investors may buy and sell them during the trading session much like stocks. These REITs usually trade in large volumes and are regarded as very liquid assets.
AVALONBAY COMMUNITIES, INC.
Avalonbay Communities is a foreign business corporation that comes under Maryland Jurisdiction, though incorporated in New York. Avalonbay Communities filed for registration with the Department of State on 3rd June 1998. However, in its capacity as a foreign business corporation, the entity was actually formed on 13th April 1995 under Maryland jurisdiction. The entity retains CT Corporation System in New York as a registered agent for New York City Process Service. However, New York Process Service can be served upon the Chief Executive Officer of the company.
A foreign corporation can apply for authority to do business in New York if it complies with the New York City Process Service requirements of incorporation. It is required to submit an application, which should be signed and delivered to the department of state. It is required to provide [A.] the name of the foreign corporation; [B.] the fictitious name the corporation agrees to use [C.] the jurisdiction and date of its incorporation [D.] the purpose or purposes for which it is formed; [E.] the county within this state in which its office is to be located; [F.] a designation of the secretary of state as its agent upon whom New York City Process Service against it may be served and the post office address to which the secretary of state can mail a copy of any New York City Process Service against it served upon them [F.] the name and address within New York of the registered agent and a statement that the registered agent is to be its agent upon whom process against it may be served and [G.] attached to the application for authority shall be a certificate by an authorized officer of the jurisdiction of its incorporation that the foreign corporation is an existing corporation. If the certificate is in a foreign language, a translation thereof under the oath of the translator should also be.
AVALONBAY CAPITAL MANAGEMENT, INC.
The Avalonbay Communities Group retains Avalonbay Capital Management Inc as one of their subsidiaries, which exists as a foreign business corporation. AvalonBay Capital Management, Inc. operates as a private equity firm. The Company serves clients across the United States.
Established on `27th April 2007, Avalonbay Capital Management Inc has not been incorporated in New York. Instead, the entity comes under Maryland jurisdiction and will not necessarily use guidelines.
However, since Avalonbay Capital Management Inc is an authorized foreign business corporation mostly the same New York Process Service instructions will be relevant. New York City Process Service is still levied via the Secretary of State, especially as there exists no registered agent to accept New York City Process Service for this company. In this case, the registered agent for Avalonbay Capital Management Inc was revoked. The Secretary of State, in turn, promptly sends one of such copies by certified mail, return receipt requested, to Avalonbay Capital Management Inc at the post office address on file in the Department of State. New York Process Service for Avalonbay Capital Management Inc is also provided on The Corporation.
AVALONBAY NYC DEVELOPMENT, INC.
Avalonbay NYC Development Inc is an approved foreign business company wherein largely the equivalent New York City Process Service guidelines became applicable. On `21st December 2000, Avalonbay NYC Development Inc was incorporated in New York. However, the organization falls under Maryland jurisdiction, though by virtue of incorporation, this will still imply New York Process Service standards.
New York City Process Service is still charged through the Secretary of State, particularly since there remains no registered agent to receive New York City Process Service for this business. In this instance, the registered agent for Avalonbay NYC Development Inc was canceled. The Secretary of State, in turn, immediately delivers one of such copies by certified mail, return receipt requested, to Avalonbay NYC Development Inc at the post office address on file with the Department of State. New York Process Service for Avalonbay NYC Development Inc is also offered on CT Corporation System as the agent for New York City Process Service.
AVALONBAY REDEVELOPMENT LLC
Avalonbay Redevelopment LLC is a foreign limited liability company. The entity was formed on 15th June 1999, although it was registered in New York only on 23rd June 1999. While the Principal Executing Office, as well as the DOS New York Process Service Address, is situated in New York, the overarching jurisdiction for the Corporation is Delaware. A foreign corporation that is currently doing business or that has previously done business in New York State must obtain the tax commissioner’s consent to the filing of the application in addition to the other requirements. The registered agent for New York City Process Service is The LLC. Section 802 of the Limited Liability Company Law mandates that a foreign limited liability company (LLC) publish in newspapers a copy of the application for authorization or a notice detailing the application’s content within 120 days of filing.
AVALONBAY VALUE-ADDED FUND, L.P.
Avalonbay Value Added Fund, L.P. is a Foreign Limited Partnership according to New York City Process Service, although it comes under Delaware jurisdiction and is therein recorded as a Domestic General Corporation. The entity was incorporated on 27th April 2006.
Avalonbay Value Added Fund LP. retains its own registered agent for New York City Process Service not similar to other Avalonbay group entities. As such, Avalonbay Value Added Fund LP. directs its documents for New York City Process Service to The Partnership. However, AvalonBay Value Added Fund LP’s registered agent retains an address for New York City Process Service in the state of incorporation, with New York process service also being available to be served upon major authority figures of the business entity itself as viable forms of New York City Process Service.
Before doing business in New York, a foreign limited partnership must apply for authority to do business. This is done by submitting to the department of state [A.] a certificate of existence or, if no such certificate is issued by the jurisdiction of organization, a certified copy of a restated certificate of limited partnership and all subsequent amendments and [B.] an application for authority as a foreign limited partnership signed by a general partner.
To file for incorporation in New York, it is necessary to complete and file this Application for Authority with the Department of State. Attached to the Application for Authority must be a Certificate of Existence from the official who files and maintains limited partnership records in the jurisdiction of the limited partnership. This official is generally the Secretary of State, and many jurisdictions would replace the Certificate of Existence as a Certificate of Good Standing. The Certificate of Existence must be dated within one year.
AVALONBAY CAPITAL MANAGEMENT II, LLC
Avalonbay Capital Management Ii, LLC is a legal entity that retains a Delaware Process Service address in Wilmington, Delaware. However, the entity is a domestic Limited Liability Company that was incorporated on 9th July 2008. The registered agent for New York Process Service is the Corporation Trust Company.
Unlike a corporation, which has unlimited responsibility for its contractual commitments and other responsibilities, an LLC is comprised of one or more individuals with only limited liability for the same. Legally, an LLC must comply with Limited Liability Company Law in order to establish and operate. It’s possible to form an LLC for any reason that’s legal for a company.
Owners may customize the LLC to fit their company’s requirements thanks to the LLC’s adaptable management structure. Rather than being shareholders or partners, LLC members are the business administrators. a member may be a sole proprietor, a corporation, a partnership, another limited liability company, or any other kind of legal organization.
Section 203 of the New York State Limited Liability Company Law permits the formation of a limited liability company via the filing of Articles of Organization. Instructions for establishing a limited liability corporation have been provided by the New York Department of State to make filing as simple as possible.
For more information on serving legal papers, contact Undisputed Legal our New York City Process Service department at (800) 774-6922. Representatives are available Monday-Friday 8 am – 8 pm EST. If you found this article helpful, please consider donating. Thank you for following our blog, A space dedicated to bringing you news on breaking legal developments, interesting articles for law professionals, and educational material for all. We hope that you enjoy your time on our blog and revisit us! We also invite you to check out our Frequently Asked Questions About Process Servers.
1. Bryce Blair was appointed CEO in February 2001 and Chairman of the Board in January 2002
2. Michael Sol Warren | NJ Advance Media for NJ.com. “A Massive Fire Sparked Debate over Apartment Safety 5 Years Ago. What’s Actually Changed?” Nj, 29 Jan. 2020, https://www.nj.com/news/2020/01/a-massive-fire-sparked-debate-over-apartment-safety-5-years-ago-whats-actually-changed.html.
3. C T CORPORATION SYSTEM
Address:28 LIBERTY ST., NEW YORK, NY, United States, 10005
4. Chief Executive Officer’s Name and Address
Name: TIMOTHY J. NAUGHTON
Address:4040 WILSON BLVD., SUITE 1000, ARLINGTON, VA, United States, 22203
5. entitled “Application for the authority of corporation under section 1304 of the Business Corporation Law ”
6. it is sufficient to state, either alone or with other purposes, that the purpose of the corporation is to engage in any lawful act or activity for which corporations may be organized, provided that it also states that it is not formed to engage in any act or activity requiring the consent or approval of any state official, department, board, agency or other body without such consent or approval first being obtained. By such statement, all lawful acts and activities shall be within the purposes of the corporation, except for express limitations therein, if any
7. : TIMOTHY J NAUGHTON
Address: BALLSTON TOWER, 671 N GLEBE RD / STE 800, ARLINGTON, VA, United States, 22203
8. THE CORPORATION
Address: BALLSTON TOWER, 671 N. GLEBE ROAD, SUITE 800, ARLINGTON, VA, United States, 22203
9. :C T CORPORATION SYSTEM
Address:28 LIBERTY ST., NEW YORK, NY, 10005
10. MICHAEL ROBERTS
Address:452 FIFTH AVE, NEW YORK, NY, United States, 10018
11. THE LLC
Address: BALLSTON TOWER, 671 N. GLEBE ROAD SUITE 800, ARLINGTON, VA, United States, 2220
12. The completed application, together with the filing fee of $250, should be forwarded to the New York Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.
13. THE PARTNERSHIP
Address: BALLSTON TOWER, 671 N. GLEBE RD., SUITE 800, ARLINGTON, VA, United States, 22203
14. STEVE PLUMP
Address:466 LEXINGTON AVENUE, NEW YORK, NY, United States, 10017 – 3147
Principal Executive Office or Owner Name and Address
15. If no restated certificate has been filed, a certified copy of the certificate filed as to its organizational basis and all amendments thereto (if such certificate or certified copy is in a foreign language, a translation thereof under oath of the translator shall be attached thereto)
16. This document must be titled “Application for the authority of…(name of limited partnership) under Section 121-902 of the Revised Limited Partnership Act,”
17. The completed application, together with the filing fee of $200, should be forwarded to:
New York Department of State, Division of Corporations, One Commerce Plaza, 99 Washington Avenue, Albany, NY 12231.
18. THE CORPORATION TRUST COMPANY
CORPORATION TRUST CENTER 1209 ORANGE ST
WILMINGTON County: New Castle
DE Postal Code: 19801