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DENVER-Archstone-Smith, a locally headquartered apartment investor with 86,000 units nationwide said Wednesday it has shortened its name to Archstone, something most in the industry have long-since done when discussing the company. The formal change is effective immediately.

The company began as Archstone Communities. In 2001, it merged with Charles E. Smith Residential and became Archstone-Smith and over the past several years grew into the company is today, an owner of 416 apartment communities located mostly in coastal states. Last year, the company was taken private by a partnership jointly controlled by Tishman Speyer and Lehman Brothers.

Archstone chief executive R. Scot Sellers explains the change as the company “returning to its foundation as a national company with a single brand and strategy.”

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