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| AvalonBay Announces New Investments Vice President |
New Officer to Be Responsible for Acquisitions, Dispositions
And Redevelopments on the West Coast
ALEXANDRIA, Va., Dec. 5 /PRNewswire-FirstCall/ -- AvalonBay Communities,
Inc. (NYSE: AVB; PCX) has announced that Sean Breslin has been named as Vice
President of Investments for the West Coast. Mr. Breslin will be based in
Newport Beach and will be responsible for acquisitions, dispositions and
redevelopments, primarily in California and the Pacific Northwest.
"We are thrilled to welcome Sean to the AvalonBay team as Vice President
of Investments," said Bryce Blair, Chairman of the Board, CEO and President of
AvalonBay. "Sean's extensive experience in the investment industry will prove
to be a great asset to AvalonBay as we continue to enhance our portfolio."
Mr. Breslin comes to AvalonBay from CWS Capital Partners, located in
Austin, Texas, where he was responsible for the company's operations and
investment activity in Texas, North Carolina, California and Colorado. During
his 17-year tenure with CWS, Mr. Breslin acquired approximately 10,000
apartments, oversaw nine development joint ventures, sold over 4,000 homes,
and redeveloped four communities. In addition, Mr. Breslin was involved in
the $650M sale of the Company's manufactured housing REIT.
Mr. Breslin is a California native with an MBA from the University of
Texas at Austin and a Bachelors degree from California State University, Long
Beach. He is also a Registered Representative of the National Association of
Securities Dealers and is an active member of the National Multi Housing
Council. Mr. Breslin can be reached at 949-955-6210.
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:
Lili Dunn, Regional Vice President -
Investments of AvalonBay Communities, Inc., +1-703-317-4643,
karina.byrne@tfn.com; or Karina Byrne of The Global Consulting
Group, +1-212-807-5004, lilid@avalonbay.com, for AvalonBay
Communities, Inc.
