One of the crucial frustrating episodes ones can encounter is a denial of housing. Forbes Bio: AvalonBay Communities, Inc. operates as a real estate investment trust, which engages within the improvement, redevelopment, acquisition, ownership, and operation of multifamily apartment communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Improvement or Redevelopment Communities. The Established Communities phase refers back to the working communities that were owned and had stabilized occupancy. The Other Stabilized Communities segment includes all other completed communities that have stabilized occupancy. The Development or Redevelopment Communities section consists of communities which are underneath building.