BRE Properties to Webcast CEO Frank McDowell's Presentation at NAREIT Institutional Investor Forum in NYC; Tuesday, June 4, 2002, at 10:30 a.m. EDT -7:30 a.m. PDT-.

Business Editors

SAN FRANCISCO--(BUSINESS WIRE)--May 30, 2002

BRE PROPERTIES, INC. (NYSE:BRE), a Western-focused multifamily REIT, will webcast a presentation by its President and CEO, Frank McDowell, at the NAREIT Institutional Investor Forum, June 4, 2002, at 10:30 a.m. EDT (7:30 a.m. PDT).

This call is being webcast by CCBN and can be accessed on the Shareholders/Investor Relations page of BRE's web site at www.breproperties.com.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com). StreetEvents allows institutional investors to identify, organize, and track the hundreds of conference calls that occur each day during earnings season, to download events of interest to their Outlook calendar, and to RSVP to events online.

About BRE Properties

BRE Properties--a real estate investment trust--acquires, develops and manages apartment communities convenient to our Customers' work, shopping, entertainment and transit in the most economically vibrant markets of the Western U.S. BRE directly owns and operates 76 apartment communities totaling 21,331 units in California, Arizona, Washington, Oregon, Utah and Colorado. The company currently has eight other apartment communities in various stages of development and construction, totaling 1,837 units, and joint venture interests in three additional apartment communities, totaling 714 units.