AVALONBAY COMMUNITIES, INC. (NYSE:AVB) will release its first quarter 2007 earnings on April 25, 2007 after the market closes. The company will hold a conference call on April 26, 2007 at 1:00PM Eastern Daylight Time (EDT) to discuss its first quarter 2007 results.

The call will include prepared remarks by management and a question and answer session during which management may discuss the Company’s current operating environment; operating trends; current or potential development, redevelopment, disposition and acquisition activity; the Company’s outlook and other business and financial matters affecting the Company.

The earnings release will include supplemental Earnings Release Attachments (the "Attachments") that will not be included in the wire or fax distributions. The Attachments will only 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 703-317-4636.

About AvalonBay Communities, Inc.

As of December 31, 2006, AvalonBay Communities, Inc., headquartered in Alexandria, Virginia, owned or held an ownership interest in 167 apartment communities containing 48,294 apartment homes in ten states and the District of Columbia, of which 17 communities were under construction and six communities were under reconstruction. AvalonBay is in the business of developing, redeveloping, acquiring, and managing apartment communities in high barrier-to-entry markets of the United States. More information on AvalonBay, an S&P 500 company, may be found on AvalonBay's Web site at http://www.avalonbay.com.

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