Corporate Overview

Tim Naughton is the Chairman, Chief Executive Officer ("CEO"), and President of AvalonBay Communities, Inc.

Prior to being named CEO effective January 2012, Mr. Naughton served as President for the company since February 2005, where he was responsible for the performance and coordination of various activities including development, redevelopment, construction, acquisitions, dispositions, asset management, and property operations. Prior to becoming President, Mr. Naughton served in a variety of capacities with the company, including Chief Operating Officer, Chief Investment Officer and Regional Vice-President of Development and Acquisitions. Mr. Naughton has been with the company or its predecessors since 1989.

Mr. Naughton is a member of the National Association of Real Estate Investment Trusts ("NAREIT") where he serves on the Board of Governors, the Real Estate Round Table, the National Multi-Housing Council (“NMHC”), where he serves on the Executive Committee, and the Multifamily Product Council of the Urban Land Institute (“ULI”).

Mr. Naughton received his Masters Degree in Business Administration from Harvard Business School in 1987 and earned his undergraduate degree in Economics from the University of Virginia in 1983, where he graduated with High Distinction and was elected to Phi Beta Kappa.

William McLaughlin, Executive Vice President of Development and Construction, has been with AvalonBay Communities, Inc. or its predecessor Avalon Properties, Inc. for over seventeen years. He is responsible for all of AvalonBay’s development and construction activity in the Northeast including New England, New York and New Jersey.

Before joining AvalonBay, Mr. McLaughlin was with Lincoln Property Company for seven years, where he was responsible for multifamily development and acquisitions in eastern New England. He was the 2008 Chairman of the Greater Boston Real Estate Board (GBREB), was also the Chairman of GBREB’s Political Action Committee (PAC) and is a two-time past President of its Rental Housing Association (RHA) division. Bill also serves on the Board of Directors at Caritas Communities; is on the Board of Managers of the industrial real estate holdings company JWF, LLC; is on the Board of Overseers at Newton Wellesley Hospital; is on the National Association of Home Builders’ (NAHB) Multifamily Leadership Board; and is a Director of National Association of Industrial and Office Properties (NAIOP) in Massachusetts.

Bill received his BA in Economics from Harvard College in 1986.

Kevin O'Shea is Executive Vice President of Capital Markets. In this position, Mr. O’Shea oversees several functions within the Company’s Financial Services Department, including Capital Markets, Corporate Budgeting & Financial Forecasting, Investor Relations, Risk Management, Financial Analysis and Investment Management. In overseeing the Investment Management platform, Mr. O’Shea is responsible for fundraising, fund management, debt financing, investor relations and financial reporting for the Company’s two value-added acquisition funds aggregating $730 million of institutional investor equity commitments.

Before joining AvalonBay in 2003, Mr. O'Shea was an Executive Director at UBS Investment Bank, where his experience included REIT capital markets and M&A transactions as an investment banker. Earlier in his career, Mr. O'Shea practiced commercial real estate and banking law as an attorney.

Mr. O'Shea holds an M.B.A. from Harvard University, a J.D. from Southern Methodist University and a B.A. from Boston College.

Edward M. Schulman joined AvalonBay in February 1999 and has served as General Counsel since that time. Prior to joining AvalonBay, Mr. Schulman was a partner in the corporate department of Goodwin, Procter & Hoar LLP, where he worked extensively with real estate investment trusts on a wide variety of matters, including capital markets transactions, business combinations, asset acquisitions and tax, regulatory and governance matters.

Mr. Schulman is a Magna Cum Laude graduate of Harvard Law School. He received his undergraduate degree in economics from Princeton University, where he was elected to Phi Beta Kappa and graduated with high honors.

Ms. Coombs is responsible for property operations in the Pacific Northwest, Northern California and Southern California regions. These three regions include approximately 25,000 plus apartment homes in Seattle, San Francisco, San Jose, East Bay, Los Angles, San Diego and Orange County. Prior to joining AvalonBay in July 2003, Ms. Coombs was Area Vice President for the Southern California region of Equity Residential Property Management. She had day-to-day operational responsibility for 15,000 multi-family units, including over 50 communities and more than 400 employees. Currently serving on the California Apartment Association Board of Directors.

Ms. Coomb’s multi-family experience began in 1984 in the Washington, D.C. area and transferred to the Northern California region as Divisional Manager for Trammell Crow Residential. Her diverse career included concept development, collateral design, exterior-interior amenity selection, marketing, budget projections and liaison between owners/developers and construction to provide quality control of new apartment communities.

From 1989 to 1994, Ms. Coombs was the Regional Director of Operations for Lexford Properties of Dallas, Texas. She managed a portfolio of 5,000 multi-family units in Washington and Oregon.

Ms. Coombs received her BA Degree in Education with Distinction from Purdue University. She is presently on the California Apartment Association’s Leadership Council and Strategic Planning Committee. She was the 2005 President of the South Coast Apartment Association, a chapter of the California Apartment Association representing landlords throughout Orange and Southern Los Angeles Counties. Ms. Coombs is a Certified Property Manager (“CPM”).

As Senior Vice President of Development for New Jersey, Mr. Ladell oversees AvalonBay’s development and redevelopment activities throughout New Jersey. Mr. Ladell is based in the company’s Woodbridge, New Jersey office and focuses on developing premier residential and mixed-use communities in high barrier to entry markets. Currently, AvalonBay is constructing communities in Wood-Ridge, Hackensack, Somerset, Bloomingdale and Wharton. Over the last few years, AvalonBay has built communities located in North Bergen, West Long Branch, Tinton Falls, Lyndhurst and Lawrenceville and has purchased communities located in East Rutherford, Plainsboro and Watchung. Mr. Ladell was named to NJBIZ’s list of the 50 Most Influential People in New Jersey Real Estate each year since its inception ranking #10 in 2010.

Prior to joining AvalonBay, he was the Vice President for Business Development for Pinnacle Communities responsible for commercial and multifamily developments. Mr. Ladell also served as the Vice President, General Counsel and Director of Development for a restaurant and hotel franchisee developing, constructing and operating Marriott hotels and TGI Friday’s and Wendy’s restaurants in the Northeast.

Mr. Ladell began his professional career as a real estate and corporate attorney at Hannoch Weisman. He also was appointed and served as the Planning Board attorney for the Township of Livingston and as a member of Livingston’s Zoning Board of Adjustment. Mr. Ladell is a member of the New Jersey Apartment Association’s Board of Directors, a member of PlanSmart NJ’s Board of Directors, a founding member of New Jersey Mixed-Use Developers (an affiliate of the New Jersey Builder’s Association) and previously served as a Board member for a special improvement district. He is a licensed real estate salesperson. Mr. Ladell was recently honored as the Humanitarian of the Year by The Center For Great Expectations and also serves on their Board of Directors. The Center For Great Expectations assists adult and young women and their children through homelessness, pregnancy and addiction recovery.

Mr. Ladell received his JD from Rutgers University School of Law-Newark and his BA from Rutgers College, Rutgers University in New Brunswick. He appears regularly as a panelist for real estate development and redevelopment, finance and legal topics at programs sponsored by the New Jersey State League of Municipalities, New Jersey State Bar Association, New Jersey Builder’s Association, Urban Land Institute, New Jersey Bankers Association, American Planning Association, Institute for Continuing Legal Education, International Council of Shopping Centers, New Jersey Apartment Association and the New Jersey Department of Community Affairs (Governor’s Conference on Housing and Community Development). Mr. Ladell also speaks at conferences sponsored by trade and business publications including Multifamily Executive, Real Estate Forum, New Jersey & Company, Bisnow and NJBIZ. He serves on Real Estate Forum’s Editorial Advisory Board and has been quoted extensively in national publications such as the Wall Street Journal, New York Times and various state, regional and local publications. Mr. Ladell is also an instructor for the New Jersey Redevelopment Authority, a guest lecturer at The Wharton School (MBA), University of Pennsylvania, Cornell University Baker Program in Real Estate, Rutgers University School of Law-Newark and at Rutgers University Edward J. Bloustein School of Planning and Public Policy and was formerly a political commentator for a radio talk show and a cable television show.

Martin Piazzola has recently joined AvalonBay as a Senior Vice President based in the New York City office directing the company’s development activities in the five boroughs of New York City and in Westchester.

Prior to joining AvalonBay, Mr. Piazzola was Vice President for Lincoln Property Company responsible for identifying, underwriting, acquiring and developing residential projects in the New York City area. Mr. Piazzola established Lincoln’s residential presence in New York City by assembling and overseeing the design and development of a 22- story luxury condominium project on West 55th Street near Fifth Avenue and a 21-story luxury condominium project on East 85th Street at Second Avenue.

Previously, Mr. Piazzola was Executive Vice President of The Clarett Group, responsible for identifying, underwriting, acquiring, financing and overseeing residential development projects including The Montrose, a 22-story luxury rental building on East 38th Street ; The Luminaria, a 20-story luxury rental building at 23rd Street and 1st Avenue, The Toscana, a 31-story luxury rental building on 89th Street and 1st Avenue, The Opus, a 20-story luxury condominium project at 107th Street and Broadway, 205 East 57th, a 36-story luxury condominium project at Third Avenue and SkyHouse, a 55-story condominium tower on East 29th Street.

Prior to his residential development activities, Mr. Piazzola focused on the development and asset management of Class A office properties. As Vice President of Real Estate for Nippon Life Insurance, Mr. Piazzola evaluated strategies concerning capital investment, leasing, financing and sales of properties in major office markets around the country.

Mr. Piazzola was Vice President of Park Tower Realty responsible for acquiring, financing, leasing and development of a portfolio of properties in Metropolitan Washington DC, including a 1.6 million square foot office development and a 1,200 acre multi-use development project in Northern Virginia with IBM.

Mr. Piazzola began his real estate career at a Fortune 50 company where he developed financial planning models, cash flow projections and analyses, and valuations for a portfolio of office properties totaling 4.5 million square feet in various markets.

Mr. Piazzola earned a Bachelor of Science degree in accounting at the State University of New York at Binghamton, an MBA in Finance from New York University, certified as a CPA, and is a member of the Board of Governors of the Real Estate Board of New York.

Mr. Smith is the Senior Vice President of property operations in the East Region. In this position he leads the operating teams in Massachusetts, Connecticut, New York, New Jersey, Maryland, Virginia, Washington, D.C., Georgia, and Florida.

Prior to joining the Company he was the Executive Vice President of Operations for Archstone. At Archstone Mr. Smith had responsibility for the East Region. In this role he oversaw a portfolio of approximately 30,000 apartments. During this period his teams completed the lease-up of more than $2 billion of new development. They also successfully underwrote and executed the acquisition and disposition of greater than $4 billion of properties.

Mr. Smith earned an MBA in Finance and Accounting from the Stern School of Business at New York University. He also earned a BA in Economics and Urban Studies from the University of Pennsylvania.

Matthew B. Whalen joined AvalonBay in 2003 as Vice President of Development for the Long Island territory. He is responsible for leading the development and acquisition activity in the dynamic Long Island real estate market. He works out of the AvalonBay office in Melville, NY.

Matt has over 23 years of experience in the real estate business and has worked in many different sectors, including multifamily, office, industrial, hospitality and single family. Matt began his career with Toll Brothers in New Jersey, and he has held vice president positions at Security Capital, Homestead Village, Crimson Partners and Cogent Communications.

In 2006, Matt was elected to the Long Island Builders Institute’s (LIBI) Board of Directors. He was named LIBI’s president in 2009 and chairman in 2010. He has served on the Board of the Hofstra University’s Institute of Real Estate and on the Executive Board of both the Long Island Real Estate Group and the Real Estate Practitioners Institute. He is a member of the Association for a Better Long Island as well as the Long Island Association and served on their Next Generation Housing Committee. He has sat on the Board of Directors of the Community Development Corporation of Long Island and the Long Island Housing Partnership.

In 2004, Matt was recognized by The Long Island Business News as one of Long Island's 40 rising starsunder the age of 40. In 2008, Matt participated in Habitat for Humanity’s Long Island Builders Blitz, which AvalonBay supported, in an effort that built two homes in five days for underprivileged families.

Matt is a 1988 graduate of Princeton University where he received a B.A. in History. Matt was the sole captain of the 1987 Princeton varsity football team and subsequently captained the United States Rugby team on two tours in 1998 and 1999. He currently serves on the Alumni Schools Committee for Princeton University for Nassau and Suffolk Counties. He is Vice President of the Princeton Football Association and a Board Member of the Ivy Football Association. Matt is currently enrolled in the AMDP program at Harvard University Graduate School of Design.

Matt, his wife and three children live in Garden City, Long Island.

Mr. Chung leads AvalonBay's Design group which oversees the development and management of design and construction standards, and provides design support services to the regional development teams. Additionally, Mr. Chung serves as a resource and critical voice for outside architects and internal teams in developing the design vision for new developments and redevelopments.

Prior to joining AvalonBay in 2002, Mr. Chung was an Associate at RTKL working on projects ranging from corporate buildings and interiors to mixed-use and multi-family projects. Mr. Chung received his Bachelors of Architecture from Virginia Tech and is a registered architect and member of the American Institute of Architects (AIA).

Heather Duffy is Vice President of Operations for the New York, New Jersey, and Chicago markets. These markets include 44 communities with 14,000 apartment homes.

Ms. Duffy joined AvalonBay in 2006. Over the years, she has accumulated broad experience in a variety of operational aspects of the multifamily business. At AvalonBay, this experience has involved managing seven new developments and eight redevelopments. Prior to assuming her current position, Ms. Duffy was Vice President for the CT, Westchester, and Chicago portfolios. In this role, she was responsible for all day-to-day operations for 31 communities and worked on several key projects, including the development of the budget templates and processes for customer service initiatives.

Before joining AvalonBay, Ms. Duffy was an Area Director for Village Green Companies. In this capacity, she oversaw a portfolio of investment fund and privately-owned communities in St. Louis, Cincinnati, and Chicago. While at Village Green, she had primary operational responsibility for 2,500 apartment homes in seven communities. Her multi-family experience began in Arizona where Ms. Duffy was a leasing consultant and a community manager, overseeing apartment complexes in Phoenix, Scottsdale and Tempe.

Ms. Duffy is a member of the Chicagoland Apartment Association and the National Apartment Association. She holds NALP, PAM, and CAM designations.

Prior to joining AvalonBay, Linda spent 18 years with Archstone. She started her career in the DC Metro area and has operated portfolios in the Chicago and Boston markets.

She has spent the last 9 years of her career operating in New York City. Ms. Early has considerable experience in high-rise experience including operations, acquisitions, dispositions, development and redevelopment.

Ms. Early received her Bachelor of Science Degree from James Madison University.

Mr. Helsabeck is responsible for new development activity in the Mid-Atlantic region. He joined AvalonBay Communities in September 2004.

At AvalonBay, Mr. Helsabeck has been directly involved in the development or redevelopment of six completed or in-development communities totaling over 1,900 apartment homes. Prior to joining AvalonBay, Mr. Helsabeck worked with Grubb Properties as Development Manager where he focused on infill mixed-use and multifamily developments in Charlotte, North Carolina.

Mr. Helsabeck received his Masters of Real Estate Development from the Massachusetts Institute of Technology and earned his undergraduate degree in Economics from the University of North Carolina at Chapel Hill. Mr. Helsabeck is a member of the Urban Land Institute (ULI).

Mr. Hesser is responsible for financial reporting and executes debt financing for the Company's acquisition funds. Additionally, he leads the Company’s Financial Analysis department, providing analytical support to the Company.

Mr. Hesser joined AvalonBay in 1998, and has held positions in Accounting, Finance and Financial Analysis. Prior to joining AvalonBay, Mr. Hesser was a Manager with KPMG LLP for six years, where he provided both audit and consulting services to clients in the real estate industry.

Mr. Hesser holds a B.S. in Accounting from Virginia Tech.

Mr. Hutchins oversees AvalonBay's internal audit and Sarbanes-Oxley compliance functions. Mr. Hutchins leads an experienced and credentialed team of professionals who perform a broad range of audit, oversight, and internal control- based activities relating to the Company’s accounting, financial, and core business activities including development, construction, and property operations. Prior to joining AvalonBay, Mr. Hutchins served in a variety of accounting, auditing, and risk management leadership roles for Fortune 500 and other publicly traded companies.

Mr. Hutchins is a certified public accountant and has a BS in Accounting from Virginia Commonwealth University. He is a member of the American Institute of Certified Public Accountants, Institute of Internal Auditors, and Association of Certified Fraud Examiners.

Mr. Hutchins reports to the Audit Committee of the Board of Directors.

Ms. Smith leads redevelopment and asset management activity on the East Coast. Ms. Smith joined AvalonBay in 2001 as a Development Manager based in AvalonBay's Boston office. After nearly eight years with the Boston Development team, Ms. Smith relocated to Connecticut as the Senior Portfolio Operations Director responsible for overseeing property operations across the CT/Westchester portfolio.

Prior to AvalonBay, Ms. Smith worked as a management consultant for Arthur D. Little's Global Energy Practice, where she focused on analyzing opportunities for natural gas in emerging markets.

Ms. Smith received her M.B.A and Masters in City and Regional Planning from the University of North Carolina--Chapel Hill, where she was a Tiger Fellow. Additionally, she graduated cum laude from Tufts University with a B.S. degree in Mathematics and Quantitative Economics.

Ms. Stahling is responsible for managing and overseeing all policies and procedures impacting property operations on a nationwide basis as well as the evaluation and deployment of new initiatives for AvalonBay Communities, Inc. She provides oversight for system training and support, our affordable housing portfolio and the annual budget process. Additionally, Ms. Stahling is responsible for all liaison activities coordinating property operations and other functional areas within AvalonBay. Ms. Stahling is a member of the RS Steering Committee, the Portal Steering Committee and the Technology Committee.

Ms. Stahling began her career with Trammel Crow Residential in Richmond, Virginia in 1984. Prior to her current position, she was a Senior Portfolio Director overseeing communities in the Mid-Atlantic and Mid West regions of AvalonBay. She was integrally involved in determining the "Best Practices" during the merger of Avalon Properties and Bay in 1998. Ms. Stahling was involved as the lead subject matter expert on the design of a web based property management software for AvalonBay Communities, Inc.

She received her Bachelor of Science Degree in Business Administration from the University of Maine.

As Vice President, Jackie Todesco leads redevelopment and asset management activity on the West Coast. Since joining AvalonBay in 1997, Ms. Todesco worked in the Investments, Development and Redevelopment/Asset Management departments as a Director and subsequently as a Senior Director. Based in AvalonBay's San Jose office, she has led the Redevelopment platform in Northern California since 2007. Over the last few years, Ms. Todesco has led the redevelopment of nine communities representing over 2,000 apartment homes along with the remerchandising of another six communities.

Prior to joining AvalonBay, she worked for The Shidler Group, a commercial real estate investor, for over five years in the areas of finance and investments. Ms. Todesco earned a Bachelors of Science degree in Business Administration from California State University, Hayward.

As Vice President of Development with AvalonBay in its New York and New Jersey regions, Jon has over 15 years experience in multifamily and mixed-use development. Since joining AvalonBay in 2004, Jon has served in a principal role in managing the design and approvals for the development of Avalon Lyndhurst, Avalon Tinton Falls, Avalon West Long Branch, Avalon Somerset, and Avalon at Wesmont Station in New Jersey, and Avalon West Chelsea/AVA High Line in New York City, the largest single development undertaken to date by AvalonBay.

Before coming to AvalonBay, Jon worked with Jonathan Rose Companies as Senior Project Manager and General Counsel working on affordable housing solutions and the development of the Stone Barns Center for Food & Agriculture, a farm, educational center and restaurant designed to promote sustainable community-based food production. Jon was previously General Counsel for the New York City Housing Partnership, an intermediary in the development of affordable rental and for sale housing in New York City, and a real estate attorney at Willkie Farr & Gallagher.

Jon received his J.D. from New York University School of Law and his A.B. in Economics from Duke University.

Mr. Willson is responsible for the financial reporting and public disclosure functions of AvalonBay Communities, Inc., including the Company's corporate social responsibility reporting initiative. Mr. Willson also oversees the accounting and reporting for the Company's discretionary real estate investment management funds, and is responsible for the Company's technical accounting research and accounting policy functions.

Mr. Willson joined AvalonBay in 2006. Prior to joining the Company, Mr. Willson held roles in the accounting policy and corporate accounting functions at a fortune 50 financial institution. Prior to that, Mr. Willson was with Arthur Andersen, LLP for eight years where he provided audit and financial risk consulting services for clients in the real estate, financial services and energy industries.

Mr. Willson is a certified public accountant, a Chartered Financial Analyst charterholder, and has a B.S. in Business from Virginia Tech.

Tim Naughton is the Chairman, Chief Executive Officer ("CEO"), and President of AvalonBay Communities, Inc.

Prior to being named CEO effective January 2012, Mr. Naughton served as President for the company since February 2005, where he was responsible for the performance and coordination of various activities including development, redevelopment, construction, acquisitions, dispositions, asset management, and property operations. Prior to becoming President, Mr. Naughton served in a variety of capacities with the company, including Chief Operating Officer, Chief Investment Officer and Regional Vice-President of Development and Acquisitions. Mr. Naughton has been with the company or its predecessors since 1989.

Mr. Naughton is a member of the National Association of Real Estate Investment Trusts ("NAREIT") where he serves on the Board of Governors, the Real Estate Round Table, the National Multi-Housing Council (“NMHC”), where he serves on the Executive Committee, and the Multifamily Product Council of the Urban Land Institute (“ULI”).

Mr. Naughton received his Masters Degree in Business Administration from Harvard Business School in 1987 and earned his undergraduate degree in Economics from the University of Virginia in 1983, where he graduated with High Distinction and was elected to Phi Beta Kappa.