ASN Archstone Smith Tr

Archstone-Smith (NYSE: ASN) today announced that it will release its second quarter 2007 financial results on Thursday, August 9, 2007, before the open of the market. In light of its proposed merger with an entity jointly controlled by Tishman Speyer Real Estate Venture VII, L.P. and Lehman Brothers Holdings Inc., Archstone-Smith will not be holding a conference call with senior management to discuss its second quarter 2007 results. Archstone-Smith (NYSE: ASN), an S&P 500 company, is a recognized leader in apartment investment and operations. The company�s portfolio is concentrated in many of the most desirable neighborhoods in the Washington, D.C. metropolitan area, Southern California, the New York metropolitan area, the San Francisco Bay Area, Boston and Seattle. The company continually upgrades the quality of its portfolio through the selective sale of assets, using proceeds to fund investments in assets with even better growth prospects. Through its two brands, Archstone and Charles E. Smith, Archstone-Smith strives to provide great apartments and great service to its customers � backed by unconditional service guarantees. As of March 31, 2007, the company owned or had an ownership position in 344 communities, representing 86,014 units, including units under construction. Archstone-Smith�s press releases are available on the company�s web site at www.ArchstoneSmith.com or by calling 800-982-9293. In addition to historical information, this press release contains forward-looking statements and information under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which Archstone-Smith operates, and beliefs and assumptions made by management. While Archstone-Smith management believes the assumptions underlying its forward-looking statements and information are reasonable, such information is necessarily subject to uncertainties and may involve certain risks, many of which are difficult to predict and are beyond management's control. As such, these statements and information are not guarantees of future performance, and actual operating results may differ materially from what is expressed or forecasted in this press release. See "Risk Factors" in Archstone-Smith's 2006 Annual Report on Form 10-K for factors which could affect Archstone-Smith's future financial performance.