Bryce Blair served as the CEO of AvalonBay Communities, Inc., a leading real estate investment trust focused on apartment communities, until December 31, 2011. He graduated from the University of Virginia and has extensive experience in real estate, having worked...

Bryce Blair served as the CEO of AvalonBay Communities, Inc., a leading real estate investment trust focused on apartment communities, until December 31, 2011. He graduated from the University of Virginia and has extensive experience in real estate, having worked at AvalonBay since its merger with Avalon Properties in 1998. During his time as CEO, he helped grow the company significantly, steering it through various market phases. An interesting fact about his leadership is his shift to the role of Chairman of the Board after retirement, demonstrating his ongoing commitment. In 2011, his total compensation reached $5.15 million, including a significant cash bonus for his performance. On the trading front, such as in 2019, he made substantial trades, reaching values over $1 million several times, hinting at a deep trust in the company's potential. Throughout his career, Blair has focused on aligning executive incentives with shareholder interests. He was involved in major acquisitions, including a notable deal for Archstone, which expanded AvalonBay’s portfolio considerably. Overall, his tenure marked a period of growth and resilience in the company, making him a noteworthy figure in the real estate sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other AvalonBay Communities CEOs

A

Bryce Blair

Founder and Ex-CEO of AvalonBay Communities

Education

Bachelor's degree from the University of Virginia.

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

June 15, 1949 - 75 years ago

CEO of AvalonBay Communities for

18 years 11 months (Jan 1993 - Dec 2011)

Previous Experience

Chairman and Chief Executive Officer at AvalonBay since its inception.

Rivals

Competitors/colleagues of Bryce Blair

U

Jerry A. Davis

CEO of UDR

2023 Compensation

Stock

$9.13M

Salary

$950.00K

Bonus

$0.00

Other

$199.43K

Total Holdings

$7.02M

C

D. Keith Oden

CEO of Camden Property Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$3.81M

Other

$3.00K

Total Holdings

$61.19M

C

Richard J. Campo

CEO of Camden Property Trust

2022 Compensation

Stock

$0.00

Salary

$700.00K

Bonus

$3.82M

Other

$3.00K

Total Holdings

$36.67M

E

Angela L. Kleiman

CEO of Essex Property Trust

2023 Compensation

Stock

$1.10M

Salary

$862.50K

Bonus

$2.17M

Other

$47.82K

Total Holdings

$7.69M

E

David J. Neithercut

CEO of Equity Residential

2023 Compensation

Stock

$6.65M

Salary

$900.00K

Bonus

$2.31M

Other

$15.44K

Total Holdings

$37.78M

Holdings

See how much did Bryce Blair make over time.

Bryce Blair’s insider trading activity reveals a strategic approach to capital management. In 2019 alone, he executed multiple significant stock trades, each valued at over $1 million. For instance, his transactions started at $1.31 million in September and peaked at...

Bryce Blair’s insider trading activity reveals a strategic approach to capital management. In 2019 alone, he executed multiple significant stock trades, each valued at over $1 million. For instance, his transactions started at $1.31 million in September and peaked at nearly $2 million in December of that year. Aberrations in his trading pattern captured attention, highlighting market confidence. By 2021, his trading reached values above $2 million multiple times, suggesting he was not only managing his wealth prudently but also signaling the health of AvalonBay through his actions. The fluctuations in trading values, especially noteworthy peaks followed by stable periods, reflect a cautious yet confident investment strategy. This history of trading aligns well with a broader strategy observed in his compensation structure, designed to align with shareholder performance metrics.

Total Stock Sold

$82.36M

AVB

$82.36M

630,978 AVB shares

What if they kept their stock?

If Bryce Blair didn't sell their stock, today they would have:
Extra AVB630,978 shares worth $100.24M.
This is 21.71% and $17.88M more than what they got when they sold the stock.

Charitable Transactions

AVB

34,833 shares

AVB

Recent Charitable Transactions

AVB

10,475 shares

AVB

Dec 31, 2012

Charity

AVB

22,858 shares

AVB

Nov 8, 2011

Charity

AVB

1,500 shares

AVB

Dec 31, 2009

Charity

Insider Trading

See recent insider trades of Bryce Blair.

REG

152.212 shares

REG

Dec 31, 2019

Received

REG

$99.99K

REG at $57.50/share

Mar 19, 2018

Purchase

REG

$99.98K

REG at $58.50/share

Mar 5, 2018

Purchase

REG

$99.44K

REG at $66.92/share

Dec 22, 2016

Purchase

REG

$99.82K

REG at $79.79/share

Aug 23, 2016

Purchase

REG

$97.50K

REG at $65.00/share

May 19, 2015

Purchase

AVB

345 shares

AVB

Feb 13, 2013

Received

AVB

10,475 shares

AVB

Dec 31, 2012

Charity

AVB

$787.03K

AVB at $137.64/share

Sep 24, 2012

Sale

AVB

$805.21K

AVB at $140.82/share

Sep 17, 2012

Sale

Compensation History

See how much did Bryce Blair make over time.

In 2011, Bryce Blair's total compensation as CEO of AvalonBay Communities was impressive, reaching $5.15 million. This included a base salary of $823,368 and a significant cash bonus of about $1.32 million, reflecting his performance-based incentives. His bonus was tied to specific goals that AvalonBay needed to achieve, which underscores a focus on aligning his interests with those of the shareholders. Furthermore, for his contributions, he received rewards in the form of long-term incentives. However, notable in his package was the absence of stock option grants in that year, as he had transitioned into retirement, providing solely restricted stock awards. This approach showed that the board aimed to shift away from stock options for Blair, reinforcing a focus on long-term stability over speculative equity risks as he prepared for his exit from the CEO role.

Year

2011

Total Compensation

$2.42M

Salary

$823.37K

Board Justification

The compensation philosophy aims to attract, retain, and motivate experienced executives while aligning their interests with stockholders' interests through performance-based compensation.

Bonus

$1.32M

Board Justification

The actual cash bonus paid in 2012 with respect to performance in 2011 was determined based on the achievement of specific company performance goals and individual performance metrics.

Other

$284.90K

Board Justification

Other compensation includes dividends paid on unvested shares of restricted stock, contributions to the 401(k) plan, and premiums paid for life insurance policies.

Restricted Stock

$0.00(0 Restricted Stock)

Board Justification

No stock was granted in 2011 as Mr. Blair's long-term incentive awards were made only in the form of restricted shares due to his retirement.

Performance Metrics

The performance metrics for 2011 included total stockholder return, operating funds from operations, and individual performance goals.

Other AvalonBay Communities CEOs

Here are other CEOs of AvalonBay Communities

Timothy J. Naughton

CEO of AvalonBay Communities

January 2012 - Present