Texas Expansion, Legal Trouble, And A 3.4% Yield; What's Next For AvalonBay?

Company Overview - AvalonBay Communities (NYSE: AVB) has a strong presence in high-demand metropolitan markets such as New England, New Jersey, and California [1] - The company is expanding into high-growth markets including Raleigh Durham, Charlotte, and Texas [1] Investment Strategy - Noor Darwish, a former management consultant at The Boston Consulting Group, focuses on investing in companies trading at significant discounts to their net asset value or liquidation value [1] - Darwish has successfully rotated his portfolio into crypto-related equities, achieving a 250% gain by investing in GDLC at $6 per share and selling at $21 [1] - He has also invested in Grayscale private placements, yielding an 80% gain in six months [1] Tax Strategy - Darwish relocated to Puerto Rico to benefit from a 0% capital gains tax rate on equities and cryptocurrencies under the Act 60 program, anticipating capital gains on his GDLC position [1] - The 250% gain and subsequent gains will be untaxed due to this relocation [1] Job Application Service - Darwish runs OverApply, a job application service that allows clients to outsource their job search, resulting in over 300,000 job applications, 4,000+ interviews, and 500+ job offers [1]