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AvalonBay Communities Announces First Quarter 2002 Earnings Release and Conference Call Date

    ALEXANDRIA, Va., April 2 /PRNewswire-FirstCall/ -- AVALONBAY COMMUNITIES,
INC. (NYSE: AVB; PCX) announced today that it will release first quarter 2002
earnings on April 30, 2002 after the market closes and hold its first quarter
conference call on May 1, 2002 at 11:00 a.m. Eastern Time.
    The domestic number for the conference call is 1-877-510-2397, and the
international number for the conference call is 1-706-634-5877. The replay of
the call will be available from May 1, 2002 at 1:00 p.m. Eastern Time until
May 8, 2002 at 11:59 p.m. Eastern Time.  The domestic number for the replay is
1-800-642-1687, and the international number for the replay is 1-706-645-9291
-- Access Code: 3579368.
    A live, on-demand webcast of the conference call will be available on the
Company's website at http://www.avalonbay.com/earnings , and an on-line
playback of the webcast will be available for 30 days following the call.
    Please note that the full text of the release and the Earnings Release
Attachments (the "Attachments") will not be included in the fax distribution.
The full text and the Attachments will be available via the Company's website
at http://www.avalonbay.com/earnings and through e-mail distribution.  If you
would like to receive future press releases via e-mail, please call AvalonBay
Communities, Inc. Investor Relations at 703-317-4632.

    About AvalonBay Communities, Inc.
    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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Related links:
  • http://www.avalonbay.com
  • http://www.avalonbay.com/earnings
    CONTACT:
    Alaine S. Walsh, Manager of Investor
    Relations of AvalonBay Communities, Inc., +1-703-317-4632