Aug 10, 2012, 5:15pm

Archstone Inc. (“Archstone”) today filed a registration statement on Form S‐11 with the Securities and Exchange Commission (“SEC”) regarding a proposed public offering of its common stock. Archstone was formed to continue the business of the successor to Archstone-Smith Trust, which was one of the largest publicly traded multifamily REITs in the United States and a member of the S&P 500 Index prior to its acquisition by private investors in 2007. As of March 31, 2012, Archstone’s predecessor owned or had an ownership interest in 181 apartment communities in the United States with 59,419 units that were operating or under construction. In connection with the proposed public offering, Archstone will engage in formation transactions through which it will acquire substantially all of the assets of its predecessor.

Archstone intends to apply for the listing of its common stock on the New York Stock Exchange under the symbol “ASN.” The joint book‐running managers for the proposed offering are Citigroup and J.P. Morgan.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus for the offering, when available, may be obtained from Citigroup, Attention: Prospectus Department, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, New York 11220, by telephone at 1-800-831-9146 or by email at batprospectusdept@citi.com, or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at 1-866-803-9204.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state of jurisdiction.