AvalonBay Communities Announces Second Quarter 2008 Earnings Release Date

ALEXANDRIA, Va.--(BUSINESS WIRE)--

AVALONBAY COMMUNITIES, INC. (NYSE:AVB) will release its second quarter 2008 earnings on July 30, 2008 after the market closes. The company will hold a conference call on July 31 at 1:00PM Eastern Daylight Time (EDT) to discuss its second quarter 2008 results.

Live Conference Call Details
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        Domestic Dial-In Number: 1-877-510-2397
        International Dial-In Number: 1-706-634-5877
        Webcast: http://www.avalonbay.com/earnings

Details for the Replay of the Conference Call
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        Domestic Dial-In Number: 1-800-642-1687
        International Dial-In Number: 1-706-645-9291
        Conference ID for Replay: 46508145
        Dates Available: July 31, 2008 at 2:30 PM EDT to August 7,
         2008 at 11:59 PM EDT

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 submit a request through http://www.avalonbay.com/pressrelease.

About AvalonBay Communities, Inc.

As of June 30, 2008, the Company owned or held a direct or indirect ownership interest in 180 apartment communities containing 51,119 apartment homes in ten states and the District of Columbia, of which 20 communities were under construction and 10 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 the Company's Web site at http://www.avalonbay.com.

Source: AvalonBay Communities, Inc.

Released July 10, 2008