Collaboration Puts AvalonBay Among Leading Red Cross Partners
ARLINGTON, VA — AvalonBay Communities, Inc., a NYSE listed real estate investment trust (REIT), has announced a partnership with the American Red Cross to support their core mission of preventing and alleviating human suffering in the face of emergencies. AvalonBay has committed $1 million over a four year period to fund the Red Cross partnership.
Timothy J. Naughton, Chairman and CEO of AvalonBay, commented: “We are honored to partner with the American Red Cross. Our commitment to investing in building strong communities includes making those communities better prepared for natural and human disasters. The Red Cross has supported AvalonBay and the residents of our apartment communities in times of need in many ways throughout the years, and we look forward to deepening our relationship with them and supporting their mission.”
The partnership will actively engage AvalonBay’s associates as well as residents of its apartment communities across the country in a variety of Red Cross activities including blood drives, CPR training, individual disaster response training, community response education, pet preparedness and local volunteer opportunities.
“We are truly excited about AvalonBay’s commitment to their communities through the American Red Cross,” said Linda Mathes, CEO of the American Red Cross in the National Capital Region. “This collaboration provides life-saving information and resources directly to the Company’s residents and employees – enhancing their safety and readiness. Our relationship strengthens local communities and creates a powerful network of preparedness.”
The national partnership with the Red Cross is one component of AvalonBay’s philanthropic efforts and commitment to corporate responsibility. The company has a history of giving back by sharing its resources, talent and time to make meaningful, lasting change in the neighborhoods where it does business and promote the well-being of those who live there. In addition to its focus on community preparedness, AvalonBay supports charitable organizations, in its local markets, focused on affordable housing and supporting the disadvantaged.
About AvalonBay Communities, Inc.
As of December 31, 2014, the Company owned or held a direct or indirect ownership interest in 277 apartment communities containing 82,487 apartment homes in eleven states and the District of Columbia of which 26 communities were under construction and eight communities were under reconstruction. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in high barrier-to-entry markets of the United States. More information may be found on the Company’s website at http://www.avalonbay.com.
