Seritage CEO Schall Leaves To Take Top Job At AvalonBay
Multifamily giant AvalonBay Communities has tapped the head of Sears' real estate spinoff to become its next chief executive.
The publicly traded apartment firm named Benjamin Schall, currently president and CEO of Seritage Growth Properties, its new president in a release Thursday. He will also join AvalonBay's board of directors.
Schall will take that title from AvalonBay Chairman, CEO and President Timothy Naughton next month, serving as the REIT's No. 2 until Naughton plans to retire at the end of 2021, when Schall will also succeed him as CEO.Naughton, who has been AvalonBay CEO since 2012 and with the…
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