Archstone-Smith Management to present at
Smith Barney 2006 REIT CEO Conference

DENVER – March 6, 2006 – Archstone-Smith (NYSE:ASN) today announced that the company's presentation at Smith Barney's 2006 REIT CEO Conference will be held on Tuesday, March 7, 2006, at 2:15 p.m. EST. Please go to the investor section of Archstone-Smith's web site at www.archstonesmith.com to download this presentation.

For live access to the call: - Conference call dial-in: Domestic (210) 839-8627 Passcode: REIT 2.

To hear a replay of the call: - Conference call replay: Domestic (402) 220-0737. Please note that callers should listen to the menu and follow the key presses for the specific company whose call they wish to hear. The call replay will be available for 30 days.

Archstone-Smith (NYSE: ASN), an S&P 500 company, is a recognized leader in apartment investment and operations. With a current total market capitalization of $16.9 billion, the company's portfolio is concentrated in many of the most desirable neighborhoods in the Washington, D.C. metropolitan area, Southern California, the San Francisco Bay Area, the New York City metropolitan area, Boston, Southeast Florida, Chicago, and Seattle.  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. Through its two brands, Archstone and Charles E. Smith, Archstone-Smith strives to provide great apartments and great service to its customers – backed by unconditional service guarantees. As of December 31, 2005, Archstone-Smith owned or had an ownership position in 257 communities, representing 86,930 units, including units under construction.

Download a PDF of this release.

Archstone-Smith's archived press releases are available on its web site at www.ArchstoneSmith.com or may be obtained by calling (800) 982-9293.

Archstone-Smith's press releases are available on the company's web site at www.archstonesmith.com or by calling (800) 982-9293. In addition to historical information, this press release contains forward-looking statements and information under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which Archstone-Smith operates, management's beliefs and assumptions made by management. While Archstone-Smith management believes the assumptions underlying its forward-looking statements and information are reasonable, such information is necessarily subject to uncertainties and may involve certain risks, many of which are difficult to predict and are beyond management's control. As such, these statements and information are not guarantees of future performance, and actual operating results may differ materially from what is expressed or forecasted in this press release and supplemental information. See "Risk Factors" in Archstone-Smith's 2004 Annual Report on Form 10-K for factors which could affect Archstone-Smith's future financial performance.