AvalonBay (AVB) Prices 14.5M Offering at $130/Share

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AvalonBay Communities, Inc. (NYSE: AVB) announced today the pricing of a public offering of 14,500,000 shares of common stock at $130.00. The Company has also granted the underwriters a 30-day option to purchase up to an additional 2,175,000 shares. Settlement of the sale will occur on December 5, 2012.

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