EX-99.1 6 0006.txt CURRENT DEVELOPMENT ACTIVITY EXHIBIT 99.1 Current Development Activity The following table summarizes Archstone's development communities under construction as of December 31, 2000 (dollar amounts in thousands):
Actual or Expected Total Expected Date Stabilization Number of Archstone Expected Start Date for First Units Date % Units Investment Investment(1) (Quarter/Year) (Quarter/Year)(2) (Quarter/Year) Leased(3) --------- ---------- -------------- -------------- ------------------ -------------- ----------- East Region: Austin, Texas: Archstone Monterey Ranch III...... 448 $ 31,405 $ 31,669 Q3/98 Q2/00 Q2/01 85.49% --------- ---------- ------------- Charlotte, North Carolina: Archstone Tyvola Centre........... 404 28,051 31,398 Q3/99 Q3/00 Q4/01 73.27% --------- ---------- ------------- Richmond, Virginia: Archstone at Swift Creek II....... 144 5,637 11,021 Q2/00 Q2/01 Q4/01 N/A --------- ---------- ------------- Southeast Florida: Archstone at Woodbine............. 408 28,009 30,722 Q3/99 Q2/00 Q4/01 60.29% --------- ---------- ------------- Stamford, Connecticut: Archstone Stamford................ 160 11,629 30,773 Q3/00 Q3/01 Q2/02 N/A --------- ---------- ------------- Greater Washington D.C Metropolitan Area: Archstone Columbia Town Center.... 531 12,700 65,141 Q2/00 Q4/01 Q2/03 N/A --------- ---------- ------------- Total East Region................ 2,095 $ 117,431 $ 200,724 --------- ---------- ------------- West Region: Orange County, California: Archstone Mission Viejo........... 216 $ 12,816 $ 34,574 Q3/00 Q4/01 Q3/02 N/A --------- ---------- ------------- Phoenix, Arizona: Archstone Deer Valley Village II.. 336 18,010 23,680 Q1/00 Q4/00 Q2/02 23.21% --------- ---------- ------------- San Diego, California: Archstone Mission Valley.......... 736 77,623 106,328 Q4/99 Q3/00 Q2/02 31.79% --------- ---------- ------------- San Jose, California: Archstone Willow Glen............. 412 57,255 69,581 Q3/99 Q4/00 Q1/02 10.44% --------- ---------- ------------- Ventura, California: Archstone Moorpark................ 312 15,384 40,283 Q3/00 Q1/02 Q4/02 N/A --------- ---------- ------------- Total West Region................ 2,012 $ 181,088 $ 274,446 --------- ---------- ------------- Total Communities Under Construction............ 4,107 $ 298,519 $ 475,170 ========= ========== =============
(1) Represents total budgeted land and development costs. (2) Represents the quarter that the first completed units were occupied (or are expected to be occupied). (3) The percentage leased is based on leased units divided by total number of units in the community (completed and under construction) as of December 31, 2000. A "N/A" indicates the communities where Lease-Up has not yet commenced. Archstone begins leasing units prior to completion of the entire community.