secwatch.observer — SEC 8-K summary
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Issuer:     AVALONBAY COMMUNITIES INC (AVB)
CIK:        0000915912
Form:       8-K
Filed at:   2022-04-11T23:59:59+00:00
Accession:  0001104659-22-044739
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AvalonBay launches 2M share forward sale at $247.30 for land and development funding
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- 2,000,000 shares of common stock sold via forward sellers; initial forward price $247.30 per share.
- Proceeds expected upon physical settlement by Dec 31, 2023; no immediate cash to Company.
- Net proceeds to fund land acquisitions, development, redevelopment, acquisitions, and general corporate purposes.
- Offering closed on April 11, 2022; managed by Morgan Stanley and J.P. Morgan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/915912/000110465922044739/0001104659-22-044739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/915912/000110465922044739/tm2212386d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-044739

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer