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| AvalonBay Announces Vice President of Development |
Officer to be Responsible for Development in New Jersey Area
ALEXANDRIA, Va., Dec. 5 /PRNewswire-FirstCall/ -- AvalonBay Communities,
Inc. (NYSE: AVB; PCX) has announced that Ron Ladell has been named as Vice
President of Development for New Jersey in the Woodbridge office.
Mr. Ladell will be responsible for new business development in the New
Jersey area including site acquisition, design and entitlement processing, and
overall leadership of AvalonBay's development efforts in Northern and Central
New Jersey.
"We are excited to welcome Ron to the AvalonBay team as Vice President of
Development," said Bryce Blair, Chairman of the Board, CEO and President of
AvalonBay. "Ron's strong background, knowledge and expertise of commercial
real estate in New Jersey and the multifamily housing industry will be great
assets to AvalonBay as we seek to expand our presence in this key market."
Mr. Ladell comes to AvalonBay from Pinnacle Communities, located in
Milburn, New Jersey, where he was Vice President for Business Development,
responsible for Pinnacle's commercial and multifamily development projects.
Previously, Mr. Ladell spent five years as Vice President, General Counsel and
Director of Development at the Briad Group, a restaurant, and hotel developer
and franchisee in Florham Park, which owns numerous Marriott hotel properties
as well as various franchise restaurants including Wendy's and TGI Friday's.
Mr. Ladell received both his undergraduate and law degrees from Rutgers
University. A New Jersey native, he resides in Livingston, New Jersey, with
his family.
About AvalonBay Communities
AvalonBay Communities, Inc., headquartered in Alexandria, Virginia,
currently owns or holds an ownership interest in 148 apartment communities
containing 43,496 apartment homes in eleven states and the District of
Columbia, of which fourteen communities are under construction and one
community is under reconstruction. AvalonBay is in the business of
developing, redeveloping, acquiring and managing luxury apartment communities
in high barrier-to-entry markets of the United States. More information on
AvalonBay may be found on AvalonBay's Web site at
http://www.avalonbay.com .
SOURCE AvalonBay Communities, Inc.
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CONTACT:
Matt Birenbaum of AvalonBay Communities,
+1-703-317-4619, or mattb@avalonbay.com, or Karina Byrne of The
Global Consulting Group, +1-212-807-5004, or
karina.byrne@tfn.com, for AvalonBay Communities, Inc.
