AvalonBay: Announces Date for 1st Qtr Earnings

 
For Immediate Release
April 5, 1999

                AVALONBAY COMMUNITIES, INC. ANNOUNCES DATE FOR ITS
                FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

AVALONBAY COMMUNITIES, INC.  (NYSE/PCX:  "AVB" ) announced today that it will
release first quarter earnings on April 22, 1999 and hold its first quarter
conference call on April 22, 1999 at 11:00 AM Eastern Time (ET).  The domestic
and international number for the conference call is:  (612) 332-0228.  Instant
replay of the call will be available from April 22nd at 2:00 PM until April
30th at 11:59 PM (ET).  The call-in number for the replay is (USA) 1 (800)
475-6701 or International (320) 365-3844 - Access Code: 442374.

About AvalonBay Communities, Inc.
AvalonBay, named the NAHB Development Company of the year for 1998/1999 and the
Property Management Company of the Year for 1996/1997, owns or holds an
ownership interest in 141 apartment communities containing 41,172 apartment
homes in sixteen states and the District of Columbia, of which presently
fourteen communities are under construction and thirteen communities are under
reconstruction.  AvalonBay is an equity REIT in the business of developing,
redeveloping, acquiring and managing multifamily apartment communities in high
barrier-to-entry markets of the United States.  More information on AvalonBay
may be found on AvalonBay's Web Site at http://www.avalonbay.com.  For
additional information regarding this news release, please contact Richard L.
Michaux, Chief Executive Officer at (703) 317-4602 or Thomas J. Sargeant, Chief
Financial Officer at (703) 317-4735.


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