EX-10.2
EQUITY RESIDENTIAL
May 20, 2026
Mr. Benjamin Schall
Re: Offer Letter
Dear Ben:
This offer letter (this “Letter”) memorializes our agreement regarding the terms of your appointment as the Chief Executive Officer (the “CEO”) of Equity Residential (or its successor, the “Company”) effective as of the closing (the “Closing”) of the transactions contemplated by the Agreement and Plan of Merger by and among AvalonBay Communities, Inc. (“AvalonBay”), Equity Residential, ERP Operating Limited Partnership and Canopy Merger Sub LLC, dated as of May 20, 2026 (the “Merger Agreement”).
In your capacity as the CEO, you will report directly to the board of trustees of the Company (the “Board”). You will have the duties and responsibilities that are normally associated with the chief executive role and such responsibilities as may be prescribed by the Board from time to time and that are consistent with the position of CEO.
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