Form: SC 13G/A

Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

February 12, 2002

SC 13G/A: Schedule filed to report acquisition of beneficial ownership of 5% or more of a class of equity securities by passive investors and certain institutions

Published on February 12, 2002








UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549






SCHEDULE 13G


UNDER THE SECURITIES EXCHANGE ACT OF 1934

AvalonBay Communities, Inc.
(NAME OF ISSUER)


Common Stock
(TITLE OF CLASS OF SECURITIES)


053484101
(CUSIP NUMBER)


December 31, 2001

(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)


- ------------------------------------------------------------------------------



CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:

[] RULE 13D-1(B)

[] [] [x] RULE 13D-1(C)

[] RULE 13D-1(D)










- --------- -----------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON:
Stichting Pensioenfonds voor de Gezondheid, Geestelijke en Maatschappelijke Belangen

S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
58-6192550

- --------- -----------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) []
(b) []
- --------- -----------------------------------------------------------------------------------------------------------
3 SEC USE ONLY

- --------- -----------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION

The Netherlands
- ---------------------- ------ ---------------------------------------------------------------------------------------
5 SOLE VOTING POWER

0
------ ---------------------------------------------------------------------------------------
NUMBER 6 SHARED VOTING POWER
OF SHARES
BENEFICIALLY 3,696,894
OWNED BY
EACH ------ ---------------------------------------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON WITH
0
------ ---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER

3,696,894
- --------- -----------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

3,696,894

- --------- -----------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- --------- -----------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

5.3%

- --------- -----------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*

00

- --------- -----------------------------------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!




CUSIP No. 053484101 Schedule 13G Page 3 of 6

ITEM 1.

(a) Name of Issuer

AvalonBay Communities, Inc.

(b) Address of Issuer's Principal Executive Offices

2900 Eisenhower Avenue, Suite 300

Alexandria, VA 22314

ITEM 2.

(a) Name of Person Filing
Stichting Pensioenfonds voor de Gezondheid,Geestelijke en
Maatschappelijke Belangen

(b) Address of Principal Business Office or, if none, Residence

Kroostweg-Noord 149

P.O. Box 117

3700 AC Zeist

The Netherlands

(c) Citizenship

The Netherlands

(d) Title of Class of Securities

Common Stock, $.01 par value per share

(e) CUSIP Number

053484101

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS A:

(a) [] Broker or Dealer registered under Section 15 of the Act
(b) [] Bank as defined in Section 3(a)(6) of the Act
(c) [] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [] Investment Company registered under Section 8of the Investment
Company Act


CUSIP No. 053484101 Schedule 13G Page 4 of 6

(e) [] Investment Adviser registered under Section 203 of the
InvestmentAdvisers Act of 1940
(f) [] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund; see ss.240.13d-1(b)(1)(ii)(F)
(g) [] Parent Holding Company, in accordance with ss.240.13d-1(b)(ii)(G)
(Note: See Item 7)
(h) [] A savings association as defined in section 3(b) of the Federal
Deposit Insurance Act
(i) [] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940
(j) [] Group, in accordance withss.240.13d-1(b)-1(ii)(J)


ITEM 4. OWNERSHIP

Provide the following information regarding the aggregate number and
percentage of the class of securities identified in Item 1.

(a) Amount Beneficially Owned

3,696,894

(b) Percent of Class

5.3%

(c) Number of shares as to which such person has:

(i) sole power to vote or to direct the vote

0

(ii) shared power to vote or to direct the vote

3,696,894

(iii) sole power to dispose or to direct the disposition of

0

(iv) shared power to dispose or to direct the disposition of

3,696,894


CUSIP No. 053484101 Schedule 13G Page 5 of 6

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [].

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

None

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY

Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

Not applicable.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP

Not applicable.

ITEM 10. CERTIFICATION

By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.



CUSIP No. 053484101 Schedule 13G Page 6 of 6

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.

Dated: February 11, 2002


Stichting Pensioenfonds voor de
Gezondheid, Geestelijke en
Maatschappelijke Belangen



By/s/J.H.W.R. van der Vlist
------------------------------------
Name: J.H.W.R. van der Vlist
Title: Director of Real Estate