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Before becoming CEO in 2022, Schall was AvalonBay’s president, joining the company just the year before. Previously, Schall was CEO of Seritage Growth Properties and chief operating officer of Rouse Properties. 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. As of this spring, it owned or held a direct or indirect ownership interest in 295 apartment communities with more than 89,000 units in 12 states and Washington, D.C.
AvalonBay primarily focuses on developments in metropolitan areas in New England, the mid-Atlantic, the Pacific Northwest and California. Last year, AvalonBay sold nine communities for $924.4 million, including Avalon Park Crest in Tysons, which sold for $145.5 million.
Schall received an MBA from Harvard Business School and earned his undergraduate degree from Swarthmore College.