UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)        September 2, 2008

 

AVALONBAY COMMUNITIES, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

Maryland

(State or Other Jurisdiction of Incorporation)

 

1-12672

 

77-0404318

(Commission File Number)

 

(I.R.S. Employer Identification No.)

 

 

 

2900 Eisenhower Avenue, Suite 300, Alexandria, Virginia

 

22314

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code      (703) 329-6300

 

                Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 



 

ITEM 8.01             Other Events.

 

On September 2, 2008, AvalonBay Communities, Inc. (“AvalonBay”) announced the formation of AvalonBay Value Added Fund II, L.P. (“Fund II”), a private, discretionary investment vehicle with commitments from four institutional investors and AvalonBay.  Fund II will acquire and operate multifamily apartment communities primarily in AvalonBay’s high barrier-to-entry markets of the Northeast, Mid-Atlantic, Midwest, and West Coast regions of the U.S. with the objective of creating value through redevelopment, enhanced operations and/or improving market fundamentals.

 

A press release announcing the closing of Fund II is attached as Exhibit 99.1.

 

ITEM 9.01             Financial Statements and Exhibits

 

(d)                                 Exhibits.

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release of AvalonBay Communities, Inc. dated September 2, 2008. (Filed herewith)

 

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

AVALONBAY COMMUNITIES, INC.

 

 

 

 

By:

/s/ Thomas J. Sargeant

 

Name:

Thomas J. Sargeant

 

Title:

Chief Financial Officer

 

 

 

Date: September 2, 2008

 

 

 

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ITEM 9.01             Financial Statements and Exhibits

 

(c)          Exhibits.

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release of AvalonBay Communities, Inc. dated September 2, 2008. (Filed herewith)

 

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