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David J. Neithercut, chief executive of Equity Residential, said the deal would increase the company's holdings in San Francisco by 48 percent and Boston by 41 percent.
"For the right people, an interest-only loan is a great product," said Michael Moskowitz, the chief executive of Equity Now in Manhattan.
In the New York area, homeowners are generally following that logic, said Michael Moskowitz, chief executive of Equity Now, a mortgage bank based in Manhattan.
"When Sam steps into the prime decision-making role," said Timothy H. Callahan, a former chief executive of Equity Office, "no one is better able to be strategic.
David Lukes, chief executive of Equity One, a REIT that owns, develops and operates shopping centers, said the additional attention would be good for a REIT like his.
Gary Garrabrant, chief executive of Equity International, an American property firm which has invested in mass housing in Mexico and Brazil, says he is looking for investment opportunities in affordable housing in India.
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David Hatt is leaving as co-chief executive of equities at Nikko Citigroup in Tokyo to become co-head of investment banking for Citigroup in Australia and New Zealand.
Executives of Equity Residential and AvalonBay acknowledged in their conference call last week that the deal would significantly beef up both companies' presence in the nation's capital.
Mr. Revuluri, who is a New York City teaching fellow, most recently worked as an executive director of equity trading at UBS.
To the surprise of many producers, John P. Connolly, the executive director of Equity, was a fiery defender of the stagehands' union during the strike, and some producers worried about what his belligerent tone would mean for the Equity talks.
Alan Eisenberg, the executive director of Equity, the professional actors and stage managers union, said the call for a boycott was justified by several factors, including a growing number of nonunion tours in major cities around the country.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com