AvalonBay and Equity Residential announce combined company leadership team; Schall named CEO

AVALONBAY COMMUNITIES INC

Benjamin Schall (AvalonBay CEO) to lead combined company as President & CEO; Steve Sterrett as Board Chair.
Key appointments: Michael Manelis (COO from EQR), Kevin O'Shea (CFO from AVB), Matthew Birenbaum (Chief Dev from AVB).
Sean Breslin (Chief Inv & Growth from AVB), Scott Fenster (GC from EQR), Pamela Thomas (Portfolio from AVB), Alaine Walsh (HR from AVB).
Ted Schulman (AVB GC) to serve as EVP Legal Affairs then senior advisor through integration.
Merger expected to close in second half 2026; dual HQ in Arlington, VA and Chicago, IL.

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