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

AvalonBay Communities (NYSE: AVB ) has a long history of having a presence in high-demand, profitable metropolitan markets like New England, New Jersey market, and California. More recently, the company ramped up its expansion into up-and-coming, high-growth markets like Raleigh Durham, Charlotte, and Texas markets. WithNoor Darwish was formerly a management consultant at The Boston Consulting Group (BCG), where he worked on real estate strategy for multi-billion dollar real estate portfolios, among other t ...