Archstone is a recognized leader in apartment investment and operations. The companys portfolio is concentrated in many of the most desirable neighborhoods in the Washington, D.C. metropolitan area, the Los Angeles area, the San Diego area, the San Francisco Bay Area, the New York metropolitan area, Seattle and Boston. 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. Archstone strives to provide great apartments and great service to its customers & backed by industry-leading service guarantees. As of June 30, 2008, the company owned or had an ownership position in 418 communities, representing approximately 70,000 units, including units under construction.