Real Estate: BENJAMIN W. SCHALL
PRESIDENT AND CEO, AVALONBAY COMMUNITIES INC., ARLINGTON COUNTY
Published
With 3,000 employees, 600 of them in Virginia, AvalonBay Communities, a publicly traded real estate investment trust, recorded $2.3 billion in revenue for fiscal year 2021. Prior to becoming AvalonBay’s president in January 2021 and CEO this year, Schall served as CEO of Seritage Growth Properties and as chief operating officer of Rouse Properties Inc. At Rouse, he oversaw the redevelopment and operations of a $2.5 billion portfolio of 35 regional malls across the country, totaling 25 million square feet.
AvalonBay acquires, develops and manages multifamily communities around the country and was included on the 2022 Fortune 1000 list of the nation’s largest publicly traded companies by revenue. Schall succeeded Timothy J. Naughton, who transitioned from CEO to executive board chairman in January. The company is full or part owner of 296 apartment communities in 12 states and Washington, D.C., and has extensive holdings in Northern Virginia.
A graduate of Swarthmore College and Harvard Business School, Schall is co-chair of the board of directors for the nonprofit University Settlement organization in New York City.
