Archstone-Smith is Now Archstone
New name, logo reflect a return to its roots
DENVER — February 19, 2008 — Archstone-Smith, one of the nation’s largest apartment companies, today unveiled a new name and corporate identity, “Archstone,” returning to its foundation as a national company with a single brand and strategy.
“The name Archstone is synonymous with the hard work and dedication of all of our associates, representing the very best in service and amenities to the people who call us ‘home,’” said R. Scot Sellers, chief executive officer, Archstone. “We remain focused on operational excellence, innovation, fantastic people, exceptional development and continually improving our portfolio and service. As we embark on this new adventure as a company, we feel our strong name is an important part of our dedicated focus and exciting future.”
In 2001 Archstone Communities merged with Charles E. Smith Residential – one of the most respected names in residential real estate – to form Archstone-Smith. This merger set the stage for our company’s growth as the premier provider of multifamily housing in the most desirable neighborhoods in the country. On October 5, 2007, Archstone became a privately held company after merging with and into a partnership jointly controlled by Tishman Speyer and Lehman Brothers. The company continues to operate its communities under the Archstone Seal of Service™, one of several apartment industry innovations the company has pioneered in its very successful history, including exclusive, resident-only websites and the ability to fully transact an apartment lease online. For more information, visit http://www.archstoneapartments.com.
About Archstone
Archstone is a recognized leader in apartment investment and operations. The company's portfolio is concentrated in many of the most desirable neighborhoods in the Washington, D.C. metropolitan area, the Los Angeles area, the San Diego area, the San Francisco Bay Area, the New York metropolitan area, Seattle and Boston. The company continually upgrades the quality of its portfolio through the selective sale of assets, using proceeds to fund investments in assets with even better growth prospects. Archstone strives to provide great apartments and great service to its customers—backed by unconditional service guarantees. As of December 31, 2007, the company owned or had an ownership position in 416 communities, representing 86,389 units, including units under construction.