AvalonBay Communities have promoted three of its senior vice presidents, Sean Breslin, Bill McLauglin and Steve Wilson to the position of executive vice president. The personnel changes have been made effective immediately. Mr. Breslin first joined AvalonBay in 2002. He will not oversee Redevelopment and Asset Management nationwide. Mr. McLaughlin has been with the company for 16 years and will now assume responsibility for Development and Construction for the Northeast. Mr. Wilson has been with the company for 12 years and will be responsible for Development and Construction for the West Coast and Mid Atlantic regions. All three will also become members of the company’s Executive Committee.
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As of December 31, 2009, the Company owned or held a direct or indirect ownership interest in 172 apartment communities containing 50,364 apartment homes in ten states and the District of Columbia, of which seven communities were under construction and seven communities were under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring, and managing apartment communities in high barrier-to-entry markets of the United States.
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