Archstone Communities Trust CEO R. Scott Sellers talks to The Wall Street Transcript.

NEW YORK--(BUSINESS WIRE)--March 25, 1999--The Wall Street Transcript has published an in-depth interview with R. Scott Sellers of Archstone Communities Trust (NYSE:ASN), in which he talks at length about his company's future.

He says, "Archstone is a national apartment company. We develop, redevelop, acquire own and manage apartments in major metropolitan areas across the country. We're focused on concentrating our investments in what we call high barrier-to-entry markets, that is, where it's very difficult to build, which, we believe, produces better long-term growth."

He states, "We've produced six consecutive years of double-digit growth in funds from operations per share, including 1998 with 14% growth. During this same time, our dividend has increased a total of 111%, so we're very pleased with our performance."

Looking forward, he states, "We have focused our marketing dollars centrally to come up with some very high-impact, customer-focused ads that we use consistently across the country. In addition, any customer can obtain all of the information about our communities through our website. Customers can get information on our floor plans, rental rates, and locations for every apartment community we own throughout the country. This will be an increasingly important part of our business as we move forward. They can contact any of our communities, through our website by e-mail. They can initiate the process that way. We will, over the next 12 months, substantially upgrade the application process through the web so that ultimately customers will be able to apply for and lease an apartment through our website."

To read the complete interview, go to http://www.twst.com/ceos.htm. The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.

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