EX-15 3 dex15.txt LETTER FROM ARTHUR ANDERSEN LLP November 30, 2001 Archstone-Smith Operating Trust (as successor to Charles E. Smith Residential Realty L.P.): We are aware that Archstone-Smith Operating Trust has incorporated by reference in its previously filed Registration Statement No. 333-68591, Archstone-Smith Operating Trust's Form 8-K dated November 27, 2001, which includes our report dated November 2, 2001 covering the unaudited interim financial information contained therein. Pursuant to Regulation C of the Securities Act of 1933, that report is not considered a part of the registration statement prepared or certified by our firm or a report prepared or certified by our firm within the meaning of Sections 7 and 11 of the Act. It should be noted that we have not performed any procedures subsequent to November 2, 2001. Very truly yours, /s/ Arthur Andersen LLP