Management ChangeJun 8, 2026, 04:12 PM
AvalonBay & Equity Residential Announce Combined Company Leadership Team
AI Summary
AvalonBay Communities and Equity Residential announced the executive leadership team for their combined company following the previously disclosed all-stock merger of equals. Benjamin W. Schall, current AvalonBay CEO, will serve as President and CEO of the new entity. The leadership team includes executives from both companies in key roles such as COO, CFO, Chief Development Officer, and Chief Investment and Growth Officer. The merger is anticipated to close in the second half of 2026, creating a leading real estate company with over 180,000 rental apartments and a pro forma enterprise value of approximately $69 billion.
Key Highlights
- Benjamin W. Schall (AvalonBay CEO) will lead as President and CEO of the combined company.
- Michael Manelis (Equity Residential COO) appointed Executive VP and Chief Operating Officer.
- Kevin O'Shea (AvalonBay CFO) appointed Executive VP and Chief Financial Officer.
- Matthew Birenbaum (AvalonBay CIO) appointed Executive VP and Chief Development Officer.
- Sean Breslin (AvalonBay COO) appointed Executive VP and Chief Investment and Growth Officer.
- Scott Fenster (Equity Residential GC) appointed Executive VP, General Counsel and Corporate Secretary.
- The merger of equals transaction is expected to close in the second half of 2026.
- The combined company will manage over 180,000 apartments with a pro forma enterprise value of approximately $69 billion.
Price Impact
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