The new Archstone-Smith will make its headquarters in Denver,and will now own a total of 81,460 units. There will also beregional offices in Arlington, as well as Irvine, California andAtlanta, Georgia. Nearly 80% of Archstone-Smith's apartmentportfolio will be concentrated in the competitive Washington, DC,Boston, Chicago, California, Southeast Florida and Seattlemarkets.

The joining of the two companies, says Archstone Chairman andCEO R. Scot Sellers, "brings together the two most respected brandsin the apartment industry, giving Archstone-Smith unparalleledreach and resources--and an irreplaceable portfolio in protectedlocations in the nation's top metropolitan areas." The merger isexpected to close on October 31. Last week, the commercial arm ofCharles E. Smith, Charles E. Smith Commercial Realty, was fullyacquired by New York's Vornado Realty Trust.

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