ARLINGTON, Va.--(BUSINESS WIRE)-- AvalonBay Communities, Inc. (AVB) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the fourth quarter of 2012. The Common Stock dividend is $0.97 per share and is payable January 15, 2013 to all Common Stockholders of Record as of December 31, 2012.

About AvalonBay Communities, Inc.

As of September 30, 2012, the Company owned or held an interest in 205 apartment communities containing 60,101 apartment homes in nine states and the District of Columbia, of which 22 communities were under construction and 7 communities were under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring, and managing apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay, an S&P 500 listed company, may be found on AvalonBay's Web site at http://www.avalonbay.com.

Copyright © 2012 AvalonBay Communities, Inc. All Rights Reserved

AvalonBay Communities, Inc.
Jason Reilley
Senior Manager
Investor Relations
703-317-4681

Source: AvalonBay Communities, Inc.