AVALONBAY CMNTYS INC

Ticker: AVB CUSIP: 053484101 Class: COM

Terra Nova Asset Management LLC's Holding History (CIK: 0001658652)

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

Q1 2016

Shares 2,846 Value ($000) $541 Avg Close $126.35 Range $114.93 - $137.26

Q4 2015

Shares 2,846 Value ($000) $524 Avg Close $127.20 Range $119.95 - $133.33

Q3 2015

Shares 2,846 Value ($000) $498 Avg Close $119.50 Range $112.12 - $127.12

Q2 2015

Shares 2,666 Value ($000) $426 Avg Close $116.57 Range $111.07 - $123.47

Q1 2015

Shares 2,666 Value ($000) $465 Avg Close $120.13 Range $113.82 - $126.25

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	2,846	$541	$126.35	$114.93 - $137.26
Q4 2015	2,846	$524	$127.20	$119.95 - $133.33
Q3 2015	2,846	$498	$119.50	$112.12 - $127.12
Q2 2015	2,666	$426	$116.57	$111.07 - $123.47
Q1 2015	2,666	$465	$120.13	$113.82 - $126.25