Last Updated: June 29, 2005 08:46am ET

AvalonBay Makes $60M on Dispositions

By Barbra Murray

ALEXANDRIA, VA-AvalonBay Communities ends up with $59.7 million after selling off a 135-unit apartment property in Connecticut and two parcels of land in Washington and California. The proceeds from the dispositions are being applied toward the repayment of the company's credit facility.

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