Article: AvalonBay Communities Announces Tender Offer for Medium-Term Notes.

AvalonBay Communities, Inc. (NYSE:AVB) ("AvalonBay") announced that it has commenced a cash tender offer (the "Tender Offer") for up to $300,000,000 in aggregate principal amount (the "Maximum Principal Amount") of AvalonBay's outstanding 7.500% Medium-Term Notes due December 15, 2010 (the "7.500% Notes"), 6.625% Medium-Term Notes due September 15, 2011 (the "6.625% Notes"), 5.500% Medium-Term Notes due January 15, 2012 (the "5.500% Notes") and 6.125% Medium-Term Notes due November 1, 2012 (the "6.125% Notes") at a purchase price per $1,000 principal amount, in each case, as set forth in the table below and on the terms and conditions set forth in AvalonBay's Offer to ...

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