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AvalonBay To Take Gains on New York Sale Down South to Expand in Sun Belt State

Southeast Florida was REIT's Best-Performing Market in the Second Quarter
Avalon Fort Lauderdale was one of two apartment properties AvalonBay Communities bought last year in southeast Florida, where the REIT is expanding. (CoStar)
Avalon Fort Lauderdale was one of two apartment properties AvalonBay Communities bought last year in southeast Florida, where the REIT is expanding. (CoStar)
CoStar News
July 28, 2022 | 10:20 P.M.

A major apartment developer and investor plans to take the money it made in selling a New York property down to Florida, one of the strongest Sun Belt states.

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