AvalonBay Communities, Inc. (NYSE:AVB) will look for acquisitions. Benjamin Schall said, “As we head forward, we're excited about our new growth in Raleigh-Durham, Charlotte, Dallas and Austin, in addition to our continued growth in Southeast Florida and Denver, bringing us to a total of 6 expansion markets. We're actively negotiating on opportunities in these new expansion markets and expect to grow through acquisitions, our own development and through the funding of other developers, where we own the asset upon stabilization, similar to the growth strategies we've successfully utilized to grow our presence in Southeast Florida and Denver. This multipronged approach also allows us to invest capital over different time horizons with acquisitions of existing communities being naturally the most immediate and our own development being medium term in duration”.