AVALONBAY CMNTYS INC

Ticker: AVB CUSIP: 053484101 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q1 2015

Shares 5,827 Value ($000) $1,015 Avg Close $120.13 Range $113.82 - $126.25

Q3 2014

Shares 1,802 Value ($000) $254 Avg Close $101.55 Range $96.10 - $107.55

Q2 2013

Shares 161,150 Value ($000) $21,741 Avg Close $87.72 Range $83.10 - $93.12

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	5,827	$1,015	$120.13	$113.82 - $126.25
Q3 2014	1,802	$254	$101.55	$96.10 - $107.55
Q2 2013	161,150	$21,741	$87.72	$83.10 - $93.12