SCHEDULE OF SUBSIDIARIES OF THE COMPANY

EXHIBIT 21.1




SUBSIDIARY LIST (BY JURISDICTION)


CALIFORNIA

230 Bay Place, L.P.
Bay Rincon, L.P.
Foxchase Drive San Jose Partners II, L.P.
San Francisco Bay Partners II, Ltd.
San Francisco Bay Partners III, L.P.
Toyon Road San Jose Partners, L.P.


CONNECTICUT

Bronxville West, LLC
Smithtown Galleria Associates Limited Partnership
Town Close Associates Limited Partnership
Town Grove, LLC


DELAWARE

AVB Realeum Employee LLC
Avalon Ballston II, L.P.
Avalon DownREIT V, L.P.
Avalon Grosvenor, L.P.
Avalon Park Tower, LLC
Avalon Riverview I, LLC
Avalon Riverview II, LLC
Avalon Riverview III, LLC
Avalon Terrace LLC
AvalonBay Redevelopment LLC
Bay Countrybrook L.P.
Bay Pacific Northwest, L.P.
Chrystie Venture Partners, LLC
Falkland Partners, LLC
Glen Cove Development LLC


DISTRICT OF COLUMBIA

4100 Massachusetts Avenue Associates, L.P.


MARYLAND

AVB Service Provider, Inc.
AVB Trillium Holdings, Inc.
Avalon 4100 Massachusetts Avenue, Inc.
Avalon BFG, Inc.
Avalon Ballston II, Inc.
Avalon Chase Glen, Inc.
Avalon Chase Grove, Inc.
Avalon Chase Hampton, II, Inc.
Avalon Chase Heritage, Inc.
Avalon Collateral, Inc.
Avalon Commons, Inc.
Avalon Decoverly, Inc.
Avalon Development Services, Inc.

MARYLAND (CONTINUED)

Avalon DownREIT V, Inc.
Avalon Fairway Hills I Associates
Avalon Fairway Hills II Associates
Avalon Fairway II, Inc.
Avalon Mills, Inc.
Avalon Oaks West, Inc.
Avalon Oaks, Inc.
Avalon Rock Spring Associates, LLC
Avalon Town Green II, Inc.
Avalon Town Meadows, Inc.
Avalon Town View, Inc.
Avalon Upper Falls Limited Dividend Corporation
Avalon Village North, Inc.
Avalon Village South, Inc.
Avalon Wilson Blvd, Inc.
Avalon at Great Meadow, Inc.
Avalon at St. Clare, Inc.
AvalonBay Arna Valley, Inc.
AvalonBay Cable I, Inc.
AvalonBay Communities, Inc.
AvalonBay Grosvenor, Inc.
AvalonBay Ledges, Inc.
AvalonBay NYC Development, Inc.
AvalonBay Orchards, Inc.
AvalonBay Parking, Inc.
Bay Asset Group, Inc.
Bay Development Partners, Inc.
Bay GP, Inc.
Bay Waterford, Inc.
Lexington Ridge-Avalon, Inc.


MASSACHUSETTS


AvalonBay BFG Limited Partnership


MINNESOTA


AvalonBay Devonshire L.L.C.
AvalonBay Edinburgh L.L.C.


NEW JERSEY


Town Cove II Jersey City Urban Renewal, Inc.
Town Cove Jersey City Urban Renewal, Inc.
Town Run Associates


VIRGINIA


Arna Valley View Limited Partnership
Avalon Decoverly Associates Limited Partnership