Archstone Avenir Apartments Offer Smoke-Free Living.

Residents Seeking Healthy Lifestyle to Enjoy Living in Non-Smoking Environment

DENVER -- Archstone announced today that Archstone Avenir will open as the first large-scale, professionally managed apartment community to offer smoke-free living in Boston.

Smoking will be prohibited throughout the community featuring 241 apartment units and 27,000 square feet of retail space, including inside apartment homes, on balconies and the roof deck. Some retail locations may allow smoking in outdoor seating areas.

"We see significant demand in the market for smoke-free luxury communities in Boston," said Matt Smith, Archstone's Executive Vice President of Operations for the East Region. "We are excited to be able to fill this niche with what will be one of the best buildings in Boston. We have the best location, just steps from the North End and the financial district, to complement our fantastic condo-level finishes in a loft-style community."

The Boston community is now pre-leasing with plans to have residents moving into the new apartment homes as early as July 1.

"Unlike other communities that only offer smoke-free public areas, Archstone Avenir completely supports the healthy lifestyle many Boston residents are seeking," said Sally Matheu, Archstone's Group Vice President of Operations. "Along with its no smoking policy, Archstone Avenir offers a number of other healthy living amenities that we believe residents will thoroughly enjoy."

Among the community's other healthy living amenities are a 24-hour Caliber Sports Club[R], bike storage and close proximity to shopping, dining, entertainment and work venues that encourage walking and biking. Residents looking for outdoor activities will also find that Archstone Avenir provides easy access to the 23-mile Charles River Bike Path and the Rose Kennedy Greenway, which features nearly one mile of parks and green space.

Archstone Avenir is a key element to the revitalization efforts of Boston's historic Bullfinch Triangle neighborhood, where an edgy, vital neighborhood has emerged. The Boston apartments, featuring loft-style units and Bosch appliances, combines thoughtfully crafted spaces, a wide range of floor plans and striking interior design to offer a relaxing retreat and affordable luxury.

Customers considering living at Archstone Avenir will be notified of the no smoking policy on their visit to the community. When they are prepared to secure an apartment, their lease will detail the policy along with an outline of how the policy will be enforced.

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 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.