AvalonBay Communities Announces Departure of Director for Health-Related Reasons

"Chuck brought a wealth of insight and experience to the AvalonBayBoard from his many years as a business executive," said Bryce Blair,Chairman of the Board and Chief Executive Officer. Mr. Peebler joinedthe Board on May 8, 2001. "The Company has benefited greatly from hismany contributions. We respect his decision, which we know he madewith the best interests of the Company in mind. We will miss hisservice on the Board."

About AvalonBay Communities

AvalonBay Communities, Inc., headquartered in Alexandria,Virginia, currently owns or holds an ownership interest in 152apartment communities containing 44,139 apartment homes in ten statesand the District of Columbia, of which fourteen communities are underconstruction and four communities are under reconstruction. AvalonBayis in the business of developing, redeveloping, acquiring, andmanaging apartment communities in high barrier-to-entry markets of theUnited States. More information on AvalonBay may be found onAvalonBay's Web site at http://www.avalonbay.com.