Archstone Press Release

Archstone Opens Three New Maryland Apartment Communities

Resort-Style Properties Offer Residents Convenience, Relaxation


DENVER – April 1, 2009 – Archstone announced today that it has officially opened three new apartment communities in the state of Maryland since December 2008.

The three communities – Westchester at the Pavilions, Westchester at Rockville Station and Archstone Wisconsin Place – feature convenient locations blended with resort-style amenities designed to relieve stress during these challenging economic times. With 24-hour fitness centers, lush, peaceful courtyards and resort-style pools, the communities offer residents an escape from the stress of the day.

Westchester at the Pavilions is a large 30-acre community in the heart of Charles County, Md., that offers resort-style amenities designed for stress-free living. Among them are two large fitness centers equipped with 24-hour yoga and boxing studios, a swimming pool with a 25-meter lap lane, a beach-entry pool and kids play pool, an expansive sun deck and a pool pavilion featuring shuffleboard, foosball, a ping pong table and chess tables.

“Waldorf has long been a traditional suburb with a big mall, strip retail and cul-de-sac subdivisions that back up to through-roads,” said Graham Tyrrell, Archstone’s Development Manager on the project. “The Pavilions is the only fully-amenitized apartment community in the area, as Archstone made the vision for a pedestrian-friendly community with resort-style amenities a reality.”

In addition, the Charles County apartments offer a professional-sized soccer field, four tennis courts and unique sports and picnic pavilions loaded with bike racks, changing rooms, kitchenettes, built in flat-screen televisions and picnic seating. The Pavilions will also feature a D’tails Pet Salon, a self-service pet salon fitted with wash tubs, dryers and space for residents to make their pets sparkle.

That’s not to mention its convenient, high-profile location in the hub of the St. Charles area across the street from the St. Charles Town Center Mall where fine dining and upscale shopping abound.

Archstone Wisconsin Place, in the heart of Chevy Chase, is situated perfectly between Georgetown and Bethesda, where it stands as a sanctuary in the midst of the best of Wisconsin Avenue. The community’s private screening room, community courtyard, park benches and overhead trellises and rooftop pool with an intimate sun terrace overlooking Maryland and upper Northwest D.C. make relaxation an imperative.

“Archstone Wisconsin Place is a vibrant mixed-use development in one of the country’s premier locations,” said Sally Matheu, Archstone’s Group Vice President of Operations. “Not only can residents enjoy the latest relaxing amenities, but they can also benefit from many conveniences that enhance their lifestyle.”

The studio, one, two, and three-bedroom apartments Wisconsin Place has to offer are loaded with luxurious features including three-strip cherry plank flooring through the entry, kitchen and living space, Berber-style carpet in bedrooms, floor to ceiling windows, stainless steel appliances, black ash granite countertops and brushed chrome light fixtures. The community also offers a click café, business center, 24-hour Caliber Sports Club® with yoga room, 24-hour resident concierge and penthouse levels.

When residents step outside the community, they are welcomed by the Mecca of high-end shopping and award-winning dining at Friendship Heights. Getting around the rest of the city from the Chevy Chase apartments is also a breeze, as the Friendship Heights Metrorail station on the Red Line is on the community’s property.

Westchester at Rockville Station, conveniently located within a five-10 minute leisurely walk to the Rockville Metro Station, leases lofts, one, two and two bedroom with den apartments. The community simply inspires relaxation with its array of amenities that deliver community comforts and conveniences. Along with European-styled kitchens featuring stainless steel appliances and custom imported Italian cabinetry, individual washers and dryers and 9-foot ceilings, the Rockville apartments maintain a plethora of peaceful places on site.

 “A thoughtful and specially designed courtyard that provides residents with views of a waterfall, a babbling brook and a lagoon-style pool surrounded by lush landscaping provides residents a choice of life-style settings,” said Jeffrey Harris, Vice President of Business Development for Archstone’s East Region. “The community was designed to create timeless architectural quality through proportion, materials and details to evoke a positive experience.”

Between hours of relaxation, residents can take advantage of Westchester at Rockville Station’s convenient location that’s within walking distance of numerous shopping, dining and entertainment venues. Entertainment seekers can easily head over to Rockville Musical Theatre, Regal Cinemas or the Strathmore Arts Center to catch a show, while shoppers and diners will enjoy the close proximity to the Rockville Town Square and Rockville Town Center.

The community is also just minutes from Washington, D.C., and Bethesda, Md., for those in need of convenient transportation to work. In addition, the community incorporates a paved sidewalk leading to a short walk directly to Rockville Metro Station, while also offering easy access to MD 355 and I-270.

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. Archstone strives to provide great apartments and great service to its customers—backed by service guarantees. As of Dec. 31, 2008, the company owned or had an ownership position in 428 communities located in the United States and Europe, representing 84,028 units, including units under construction. Utilizing this tremendous amount of expertise and institutional knowledge, Archstone now also offers comprehensive advisory services to owners and lenders who want to maximize the value of their assets through Archstone Real Estate Advisory Services (www.archstoneadvisoryservices.com).

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