Thomas J. Sargeant

THOMAS J. SARGEANT is Executive Vice President and Chief
Financial Officer of AvalonBay Communities, Inc. Mr. Sargeant is
responsible for all of the financial operations, including
capital markets/finance, financial reporting and financial
services of AvalonBay. Prior to Avalon’s formation, Mr. Sargeant
served as Group Financial Officer for the Northeast Group, the
Mid-Atlantic Group and the Midwest Group of Trammell Crow
Residential. He was also responsible for financial services
operations (including accounting and financial reporting, cash
management, payroll, information systems and internal audit) and
project finance for the Midwest Group of Trammell Crow
Residential. Mr. Sargeant joined Trammell Crow Residential in
1986 as Controller and was promoted to Chief Financial Officer in
1989 and to Group Financial Officer in 1992. Prior to joining
Trammell Crow Residential, Mr. Sargeant was with Arthur Andersen
& Co., where he specialized in the construction and real estate
industries, serving both private and publicly held clients. Mr.
Sargeant, a Certified Public Accountant, is a magna cum laude
graduate of the University of South Carolina where he was elected
to Phi Beta Kappa and the Honors College.