Biography

Mr. Naughton has more than 30 years of real estate experience, including as a former chief executive officer of a publicly-traded REIT, as well as public company directorship experience.

Mr. Naughton has been Chairman of the Board of Directors of AvalonBay Communities, Inc. ("AvalonBay"), a REIT focused on multifamily communities, since May 2013, its Executive Chairman of the Board throughout 2022, and a director of AvalonBay since September 2005. Prior to his appointment as Chairman, Mr. Naughton held various positions at AvalonBay and its predecessor since 1989, including Chief Executive Officer from January 2012 to January 2022, President from February 2005 to January 2021, Chief Operating Officer from 2001 to 2005, Senior Vice President, Chief Investment Officer from 2000 to 2001, and Senior Vice President and Vice President, Development and Acquisitions from 1993 to 2000.

Mr. Naughton currently serves as a director of Park Hotel & Resorts Inc., since January 2017, and as a senior advisor to Navitas Capital, a property technology early-stage venture capital firm, and Energy Impact Partners, a climate technology venture capital firm. Mr. Naughton was previously a director of Welltower, Inc. from December 2013 to May 2019.

Mr. Naughton is a member of the Real Estate Roundtable, Multifamily Council of the Urban Land Institute (former Chairman), Board of Directors of the Jefferson Scholars Foundation at the University of Virginia, Executive Committee and Advisory Board of the White Ruffin Byron Center for Real Estate, Board of Trustees of the Virginia Athletics Foundation, Board of Directors of First Tee, Virginia Blue Ridge, and The Economic Club of Washington, D.C. He also previously served as Chairman of Nareit.

Mr. Naughton received a BA in Economics with High Distinction from the University of Virginia, where he was elected to Phi Beta Kappa, and an MBA from Harvard Business School.