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| AvalonBay Communities Announces 2002 Annual Meeting Details |
ALEXANDRIA, Va., March 11 /PRNewswire-FirstCall/ -- AvalonBay Communities, Inc. (NYSE: AVB; PCX) announced today that its 2002 Annual Meeting will be held on Tuesday, May 7, 2002 at 10:00 a.m. Stockholders of record of the Company's common stock as of the close of business on March 18, 2002 are entitled to vote at the Annual Meeting. The meeting will be held at the Ritz- Carlton Tysons Corner, 1700 Tysons Boulevard, McLean, Virginia 22102. The phone number of the Ritz-Carlton Tysons Corner is 703-506-4300. About AvalonBay Communities AvalonBay Communities, Inc., headquartered in Alexandria, Virginia, currently owns or holds an ownership interest in 141 apartment communities containing 41,191 apartment homes in eleven states and the District of Columbia, of which fifteen communities are under construction and three communities are under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring and managing luxury apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay may be found on AvalonBay's Web site at http://www.avalonbay.com .SOURCE AvalonBay Communities, Inc.
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CONTACT:
Alaine Walsh, Manager of Investor Relations,
of AvalonBay Communities, Inc., +1-703-317-4632
