Archstone-Smith to Present at the NAREIT Investor Forum
DENVER — May 31, 2006 — Archstone-Smith (NYSE:ASN) today announced that R. Scot Sellers, Chairman and Chief Executive Officer, will present at the NAREIT Investor Forum in New York City on Tuesday, June 6, 2006. Mr. Sellers' presentation will be at 2:25 p.m. EDT. The presentation may be accessed live via the company's website at www.archstonesmith.com. The replay will be available at 4:00 p.m. EDT on June 6, 2006, and will be accessible via the company's website through December 7, 2006.
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 $17.4 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 April 30, 2006, Archstone-Smith owned or had an ownership position in 252 communities, representing 85,396 units, including units under construction.
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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 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, and 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. See "Risk Factors" in Archstone-Smith's 2005 Annual Report on Form 10-K for factors which could affect Archstone-Smith's future financial performance.