Archstone Warner Center Wins Signature Property Award

California Apartment Association Presents Los Angeles Community with Prestigious Honor

DENVER – November 17, 2009 – Archstone, a leader in apartment investment and operations, announced today that the California Apartment Association honored the Archstone Warner Center apartment community in Los Angeles with the “Signature Property in the San Fernando Valley, West” award.

The Signature Property award is bestowed upon communities that redefine apartment living and set the standard in innovative design and community presence. The award was presented to Archstone Warner Center on Thursday, October 29, during the CAA Los Angeles awards ceremony at ESPRIT in Marina del Rey.

“The innovation and thoughtful touches Archstone carefully incorporates into all of its communities are obvious at Warner Center, the moment you step onto the property,” said Jeffrey Sofferman, Archstone’s Senior Vice President of Development. “We’re pleased to receive this honor in recognition of the quality care we put into developing Warner Center.”

Archstone Warner Center’s majestic architecture is coupled with beautifully landscaped courtyards and common areas. The stunning main courtyard features a resort-style swimming pool, community fire pit and convenient picnic area complete with an outdoor fireplace.

In addition, the community sports three convenient barbecue areas, a six-station par exercise course, a 24-hour fitness center and a media lounge. Inside the Los Angeles apartments available for rent, residents enjoy nine-foot ceilings, built-in computer niches and gourmet kitchens.

And it’s all available in a location within walking distance of the many popular dining, shopping and entertainment venues of the West Fernando Valley.

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 and around Washington, D.C., Los Angeles, San Diego, San Francisco, New York, Seattle and Boston. Archstone strives to provide great apartments and great service to its customers—backed by service guarantees. As of September 30, 2009, the company owned or had an ownership position in 442 communities located in the United States and Europe, representing 83,085 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).