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The Walker Webcast
Ben Schall, Chief Executive Officer and President of AvalonBay
Dec 12, 2024
Ben Schall, CEO of AvalonBay Communities, shares insights from his extensive career in real estate. He discusses AvalonBay's strategic move toward suburban markets and the impact of AI on customer interactions. Ben reflects on the importance of company culture and the organization's commitment to integrity. Additionally, he forecasts trends in the multifamily market for 2025, the rising gap between renting and homeownership, and the burgeoning Build-to-Rent sector, all while navigating today's economic challenges.
54:50
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Quick takeaways
- Ben Schall outlines his journey from education to becoming CEO, emphasizing the importance of community-driven real estate redevelopment.
- AvalonBay is adapting to demographic trends by expanding into suburban markets and focusing on the needs of knowledge workers.
Deep dives
Personal Background and Early Career Choices
The speaker shares anecdotes from his childhood, including humorous moments of living with his parents and waking up to his father's check-ins, illustrating the familial support he received. His educational journey took him to Swarthmore College, where he did not initially plan to enter commercial real estate but eventually found a passion for it. After completing his education, he began working for the New York City Economic Development Corporation, where he was first introduced to the real estate sector. This experience piqued his interest in transitioning to the private development side, leading him to pursue further education at Harvard Business School.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode