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EXHIBIT 99.1
Current Development Activity
The following table summarizes Archstone's development communities under
construction as of September 30, 2000 (dollar amounts in thousands):
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<CAPTION>
Actual or Expected
Total Expected Date for Stabilization
Number Archstone Expected Start Date First Units Date %
of Units Investment Investment/(1)/ (Quarter/Year) (Quarter/Year)/(2)/ (Quarter/Year) Leased/(3)/
-------- ---------- --------------- -------------- ------------------- -------------- -----------
<S> <C> <C> <C> <C> <C> <C> <C>
Central Region:
Austin, Texas:
Archstone Monterey Ranch III... 448 $ 29,711 $ 31,669 Q3/98 Q2/00 Q2/01 56.03%
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Denver, Colorado:
Archstone Red Rocks II......... 172 $ 16,351 $ 16,376 Q3/99 Q3/00 Q4/00 100.00%
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Total Central Region........ 620 $ 46,062 $ 48,045
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East Region:
Charlotte, North Carolina:
Archstone Tyvola Centre........ 404 $ 25,194 $ 31,398 Q3/99 Q3/00 Q2/02 45.54%
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Richmond, Virginia:
Archstone Swift Creek II....... 144 $ 2,866 $ 11,021 Q2/00 Q2/01 Q4/01 N/A
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Southeast Florida:
Archstone at Woodbine.......... 408 $ 26,768 $ 30,722 Q3/99 Q2/00 Q4/01 41.18%
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Stamford, Connecticut:
Archstone Stamford............ 160 $ 8,390 $ 30,773 Q3/00 Q3/01 Q2/02 N/A
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Washington, D.C.:
Archstone Columbia Town Center
I.............................. 531 $ 11,350 $ 65,141 Q2/00 Q4/01 Q2/03 N/A
Archstone Milestone II......... 132 11,420 13,615 Q4/99 Q3/00 Q1/01 84.85%
Archstone Woodland Park........ 392 28,253 42,623 Q2/99 Q2/00 Q4/00 100.0%
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Total Washington, D.C.......... 1,055 $ 51,023 $ 121,379
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Total East Region........... 2,171 $ 114,241 $ 225,293
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West Region:
Orange County, California:
Archstone Mission Viejo........ 216 $ 10,766 $ 34,574 Q3/00 Q4/01 Q3/02 N/A
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Phoenix, Arizona
Miralago II.................... 336 $ 13,544 $ 23,680 Q1/00 Q1/01 Q2/02 N/A
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San Diego, California:
Archstone Mission Valley....... 736 $ 64,388 $ 106,328 Q4/99 Q3/00 Q2/02 17.53%
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San Jose, California:
Archstone Willow Glen.......... 412 $ 49,962 $ 69,581 Q3/99 Q4/00 Q1/02 N/A
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Ventura, California:
Archstone Moorpark............. 312 $ 12,627 $ 40,283 Q3/00 Q1/02 Q4/02 N/A
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Total West Region........... 2,012 $ 151,287 $ 274,446
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Total Communities
Under Construction............ 4,803 $ 311,590 $ 547,784
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(1) Represents total budgeted land and development costs.
(2) Represents the quarter that the first completed units were made available
for leasing (or are expected to be made available). Archstone begins
leasing completed units prior to completion of the entire community.
(3) The percentage leased is based on leased/pre-leased units divided by total
number of units in the community (completed and under construction) as of
September 30, 2000. An "N/A" indicates the communities where Lease-Up has
not yet commenced.
