AVALONBAY CMNTYS INC

CUSIP: 053484901 Class: COM

TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA's Holding History (CIK: 0000315038)

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

Q3 2002
Shares 125,700 Value ($000) $5,254 Avg Close — Range —
Q2 2002
Shares 130,000 Value ($000) $6,071 Avg Close — Range —
Q1 2002
Shares 116,700 Value ($000) $5,812 Avg Close — Range —