As of December 31 2020 the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86025 apartment homes in 11 states and the District of Columbia of which 18 communities were under development and one community was under redevelopment The Company is an equity REIT in the business of developing redeveloping acquiring and managing apartment communities in leading metropolitan areas in New England the New YorkNew Jersey Metro area the MidAtlantic the Pacific Northwest and Northern and Southern California as well as in the Companys expansion markets consisting of Southeast Florida and Denver Colorado the Expansion Markets