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PRESIDENT AND CEO, AVALONBAY COMMUNITIES, ARLINGTON COUNTY
PRESIDENT AND CEO, AVALONBAY COMMUNITIES, ARLINGTON COUNTY
Virginia Business// August 29, 2024//
Before becoming CEO in 2022, Schall joined AvalonBay as president in 2021. He’s also a member of the publicly traded real estate investment trust’s board of directors.
AvalonBay acquires, develops and manages multifamily communities around the country, primarily focusing on metropolitan areas in New England, the mid-Atlantic, the Pacific Northwest and California. The company reported over $2.76 billion in 2023 revenue and more than $20.67 billion in total assets. As of March 31, it owned or held direct or indirect ownership interest in 299 apartment communities, of which 17 were under development, in 12 states and Washington, D.C.
Prior to joining AvalonBay Communities, Schall was CEO and president of Seritage Growth Properties, a spinoff of Sears Holdings, and before that, chief operating officer of Rouse Properties, where he oversaw the operations of 35 regional malls across 21 states. Schall received his MBA from Harvard Business School and his undergraduate degree from Swarthmore College.
