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Company Profile - Archstone-Smith Trust

9200 East Panorama Circle, Ste. 400
Englewood, CO 80112

Phone: 303-708-5959
Fax: 303-708-5999
Website: www.archstonesmith.com
Ticker Symbol: ASN

Key Facts

Third-largest REIT in the U.S.
Company manages nearly 80,000 apartment units.
Total market capitalization of $9.7 billion.
Ranked number 371 on the Forbes Super500 list for 2002.
Key Financial Facts
2001 revenue: $829 million
1-yr. growth rate: 2 percent

Personnel Highlights
Number of employees: 3,300
1-yr. growth rate: 65 percent

Company Overview
Archstone-Smith Trust was founded in October 2001 when Charles E. Smith Residential Realty acquired Archstone Communities Trust. The company focuses on the development, redevelopment, acquisition, and long-term ownership of apartment communities in high-growth markets across the nation. As of September 2002, the real estate investment trust (REIT) owned 79,489 units, including 2,117 units in development. Its properties are separated into garden-style communities, which operate under the Archstone Communities brand name, and high-rise properties, which operate under the Charles E. Smith name.

Following aggressive efforts to build a national brand—a concept that would be the first of its kind in the apartment industry—Archstone-Smith has implemented service programs and amenities to strengthen customer loyalty. The Archstone-Smith organization encompasses six affiliated real estate companies: Archstone Communities, Charles E. Smith Residential, AMERITON Properties Incorporated, Archstone Management Services, Smith Corporate Living, and Charles E. Smith Construction Services. The company sold off its Consolidated Engineering Services unit in December 2002.

Major Line of Business : Real Estate

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