AVALONBAY CMNTYS INC

Ticker: AVB CUSIP: 053484101 Class: COM

SIT INVESTMENT ASSOCIATES INC's Holding History (CIK: 0000769317)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 173,575 Value ($000) $30,344 Avg Close $119.50 Range $112.12 - $127.12

Q2 2015

Shares 160,725 Value ($000) $25,695 Avg Close $116.57 Range $111.07 - $123.47

Q1 2015

Shares 144,325 Value ($000) $25,149 Avg Close $120.13 Range $113.82 - $126.25

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	173,575	$30,344	$119.50	$112.12 - $127.12
Q2 2015	160,725	$25,695	$116.57	$111.07 - $123.47
Q1 2015	144,325	$25,149	$120.13	$113.82 - $126.25