AvalonBay Communities, Inc. Announces New Executive Vice President for Portfolio and Asset Management
05 Junho 2024 - 5:15PM
Business Wire
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) (the “Company”)
announced today that Pamela R. Thomas will join AvalonBay as
Executive Vice President, Portfolio and Asset Management. In this
newly created position, Ms. Thomas will lead the Company’s
portfolio and asset management organization; determine and gain
alignment within the organization on key priorities for driving
portfolio performance; and set capital plans across the portfolio
to achieve performance objectives.
“As we continue to optimize our portfolio to deliver superior
growth, this is the right time to expand our executive team to
provide focused leadership on portfolio and asset management and an
additional voice on strategic planning,” said Benjamin Schall, CEO.
“Pamela brings extensive real estate investment, asset management
and multifamily experience, strong industry relationships built
over a 30-year career, and a collaborative style that will work
well within our Company culture. I’m thrilled that she is joining
us.”
Ms. Thomas will report to Mr. Schall and partner with the other
members of the executive team to further enhance the Company’s
industry leadership and drive superior growth in the years ahead.
Ms. Thomas will also be a voting member of the Company’s Management
Investment Committee, which reviews and approves proposals for
development, acquisitions and major capital improvements.
Ms. Thomas was most recently Managing Director, member of the
Global Leadership Team, and Head of US Real Estate Investment for
CPP Investments (CPP), which invests the funds held by the Canada
Pension Plan, one of the world’s largest investors. At CPP, Ms.
Thomas managed the U.S. team and led investments and dispositions
across multiple real estate sectors, and she also served on CPP’s
Global Real Estate Investment Committee. Prior to joining CPP, Ms.
Thomas was Executive Director with JP Morgan Asset Management,
responsible for that firm’s New York and Northern New Jersey
multifamily portfolio, and previously she was with RREEF/Deutsche
Bank, where she was primarily focused on East Coast multifamily
investments. Ms. Thomas’s experience also includes leading joint
venture negotiations, partner relationship management, financing
strategies, and developing asset management strategies. Ms. Thomas
is a graduate of New York University and is a member of WX Women
Executives in Real Estate, the National Multifamily Housing
Council, and the Urban Land Institute UDMUC Red council.
“I have long admired AvalonBay’s track record of successful
investment, integrated capabilities, and innovative operating
practices, and I am excited to join the AvalonBay team as the
Company continues its long history of leadership in the industry,”
said Ms. Thomas, who is expected to formally join AvalonBay on July
8, 2024, and be based out of the Company’s Arlington, VA
headquarters.
“Our executive team looks forward to working with Pamela and
benefiting from her extensive experience and abilities as we
continue to implement our strategies for future value creation and
growth,” said Mr. Schall.
About AvalonBay Communities, Inc.
As of March 31, 2024, the Company owned or held a direct or
indirect ownership interest in 299 apartment communities containing
90,673 apartment homes in 12 states and the District of Columbia,
of which 17 communities were under development. The Company is an
equity REIT in the business of developing, redeveloping, acquiring
and managing apartment communities in leading metropolitan areas in
New England, the New York/New Jersey Metro area, the Mid-Atlantic,
the Pacific Northwest, and Northern and Southern California, as
well as in the Company's expansion regions of Raleigh-Durham and
Charlotte, North Carolina, Southeast Florida, Dallas and Austin,
Texas, and Denver, Colorado. More information may be found on the
Company’s website at https://www.avalonbay.com.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which include, but are not limited to, statements related to the
Company’s operating performance. We intend such forward-looking
statements to be covered by the safe harbor provisions for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The Company cautions investors that
any such forward-looking statements are based on current beliefs or
expectations of future events and on assumptions made by, and
information currently available to, management. You can identify
forward-looking statements by the use of the words “believe,”
“expect,” “anticipate,” “intend,” “estimate,” “assume,” “project,”
“plan,” “may,” “shall,” “will,” “pursue” and other similar
expressions in this press release, that predict or indicate future
events and trends and that do not report historical matters. Such
forward-looking statements are subject to various risks and
uncertainties, including, among others, that occupancy rates and
market rents may be adversely affected by competition and local
economic and market conditions which are beyond the Company’s
control and other trends affecting the Company’s financial
condition or results of operations. These factors should not be
construed as exhaustive and should be read in conjunction with the
other cautionary statements that are described under the sections
entitled “Forward-Looking Statements” and “Risk Factors” in the
Company's Annual Report on Form 10-K for the year ended December
31, 2023, as such factors may be updated from time to time in the
Company’s periodic filings with the SEC, which are accessible on
the SEC’s website at www.sec.gov. Accordingly, there are or will be
important factors that could cause actual outcomes or results to
differ materially from those indicated in these statements. The
forward-looking statements speak only as of the date of this press
release, and the Company expressly disclaims any obligation or
undertaking to publicly update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except to the extent otherwise required
by law.
Copyright © 2024 AvalonBay Communities, Inc.
All Rights Reserved
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240605907836/en/
Jason Reilley Vice President Investor Relations AvalonBay
Communities, Inc. 703-317-4681
Avalonbay Communities (NYSE:AVB)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Avalonbay Communities (NYSE:AVB)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024