8-KLeadership ChangesExhibits & Filings

AVALONBAY COMMUNITIES INC 8-K Report, Executive Changes (Jan 8, 2015)

Filed January 8, 2015For Securities:AVB

Summary

AvalonBay Communities, Inc. (AVB) announced significant executive leadership changes effective January 5, 2015, as reported in their Form 8-K filing dated January 8, 2015. The company appointed Matthew H. Birenbaum as Chief Investment Officer and Sean J. Breslin as Chief Operating Officer. These appointments reflect a strategic internal promotion of seasoned executives with extensive experience within AvalonBay and the broader real estate industry. Mr. Birenbaum, previously Executive Vice President — Corporate Strategy, will now lead the company's investment strategy, oversee investments, design, sustainability, and market research. His background includes development and investment roles at AvalonBay, Tishman Speyer, and founding his own firm, Abbey Road Property Group. Mr. Breslin, formerly Executive Vice President — Asset Management, will continue to manage the asset management platform, including national property operations, redevelopment, and brand strategy, and remains on the Management Investment Committee. His prior experience at AvalonBay spans investment, asset management, and redevelopment, along with a role at CWS Capital Partners.

Key Highlights

  • 1Matthew H. Birenbaum appointed Chief Investment Officer.
  • 2Sean J. Breslin appointed Chief Operating Officer.
  • 3Both executives are internal promotions with deep experience at AvalonBay.
  • 4Mr. Birenbaum will oversee investment strategy, development, and market research.
  • 5Mr. Breslin will manage asset management, property operations, and brand strategy.
  • 6Both individuals will continue to serve on the Company's Management Investment Committee.
  • 7The changes were announced via a press release filed as Exhibit 99.1.

Frequently Asked Questions

AvalonBay Communities, Inc. appointed Matthew H. Birenbaum as Chief Investment Officer and Sean J. Breslin as Chief Operating Officer. These changes became effective on January 5, 2015.

As Chief Investment Officer, Mr. Birenbaum will lead the development of the Company’s investment strategy, oversee investments, design, sustainability, and market research functions. He will also continue to chair the Company’s Management Investment Committee.

As Chief Operating Officer, Mr. Breslin will continue to have overall responsibility for the Company’s asset management platform, including national property operations, asset management and redevelopment, and brand strategy and marketing. He will also continue to serve as a member of the Company’s Management Investment Committee.

Both Matthew H. Birenbaum and Sean J. Breslin are internal promotions. They previously held Executive Vice President roles within AvalonBay Communities, Inc., bringing extensive company and industry experience to their new positions.