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AvalonBay Announces Vice President of Development
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01/16/2005
AvalonBay Communities, Inc. (NYSE:AVB) 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.
CONTACT: Matt Birenbaum of AvalonBay Communities, +1-703-317-4619, or [email protected], or Karina Byrne of The Global Consulting Group, +1-212-807-5004, or [email protected], for AvalonBay Communities, Inc.
