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| AvalonBay Communities Announces Financial Outlook |
ALEXANDRIA, Va., Dec. 20 /PRNewswire/ -- AvalonBay Communities, Inc. (NYSE: AVB; PCX) announced today its financial outlook for the fourth quarter and full year 2001 and first quarter and full year 2002. The financial outlook is available via the Company's website and through e-mail distribution. Access to the financial outlook through the Company's website is available at http://www.avalonbay.com/earnings . About AvalonBay Communities AvalonBay Communities, Inc., headquartered in Alexandria, Virginia, currently owns or holds an ownership interest in 139 apartment communities containing 40,623 apartment homes in 11 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 . Contact: Thomas J. Sargeant Executive Vice President and Chief Financial Officer AvalonBay Communities, Inc. 703-317-4635SOURCE AvalonBay Communities, Inc.
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CONTACT:
Thomas J. Sargeant, Executive Vice President
and Chief Financial Officer, AvalonBay Communities, Inc.,
+1-703-317-4635
