Sares Regis Group Operating, Inc. acquired AVA Cortez Hill from AvalonBay Communities, Inc. (NYSE:AVB) for $95.9 million on July 2, 2021. PCCP LLC has provided a $76 million senior loan for the acquisition. Sares Regis Group Operating, Inc. completed the acquisition of AVA Cortez Hill from AvalonBay Communities, Inc. (NYSE:AVB) on July 2, 2021.