Tim Naughton
CEO, AVALONBAY
Innovation:
Creating transitional urban neighborhoods.
Vision:
With almost 30 years experience, Naughton has a valuable strategic perspective on how to manage his organization and mold it into the largest owner/ developer in the country. He’s pushing to transform urban neighborhoods across the country with the AVA brand. He saw the opportunity to take an aging portfolio in quality locations and reface it for a new, luxury urban transition.
Economics:
It’s apparent that Naughton spotted what’s next for multifamily by targeting transitional urban neighborhoods for young adult households. His corporate strategy and three-tiered brand identity quickly became the next trend in city living and something many developers were quick to emulate.