<SUBMISSION>
<ACCESSION-NUMBER>0000912057-01-514788
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20010511
<ITEMS>5
<ITEMS>7
<FILING-DATE>20010511
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AVALONBAY COMMUNITIES INC
<CIK>0000915912
<ASSIGNED-SIC>6798
<IRS-NUMBER>770404318
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-12672
<FILM-NUMBER>1630950
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2900 EISENHOWER AVENUE
<STREET2>SUITE 300
<CITY>ALEXANDRIA
<STATE>VA
<ZIP>22314
<PHONE>7033296300
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2900 EISENHOWER AVENUE
<STREET2>STE 300
<CITY>ALEXANDRIA
<STATE>VA
<ZIP>22314
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>AVALON BAY COMMUNITIES INC
<DATE-CHANGED>19980618
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>BAY APARTMENT COMMUNITIES INC
<DATE-CHANGED>19931208
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2048928z8-k.txt
<DESCRIPTION>8-K
<TEXT>

<PAGE>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                         -------------------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


                       ----------------------------------


         Date of Report (Date of earliest event reported): May 11, 2001


                           AVALONBAY COMMUNITIES, INC.
               (Exact Name of Registrant as Specified in Charter)


         MARYLAND                         1-12672                77-0404318
(State or Other Jurisdiction      (Commission File Number)     (IRS Employer
     of Incorporation)                                       Identification No.)


          2900 EISENHOWER AVENUE, SUITE 300, ALEXANDRIA, VIRGINIA 22314
          -------------------------------------------------------------
               (Address of Principal Executive Offices) (Zip Code)


                                 (703) 329-6300
              ----------------------------------------------------
              (Registrant's Telephone Number, Including Area Code)


<PAGE>


Item 5.  Other Events.

         On May 11, 2001, AvalonBay Communities, Inc. (the "Company") published
and mailed notice that it will redeem all outstanding shares of its 9.00% Series
F Cumulative Redeemable Preferred Stock (the "Series F Preferred Stock") on June
11, 2001 at a price of $25.00 per share, plus $0.1625 in accrued and unpaid
dividends to the redemption date, for an aggregate redemption price of $25.1625
per share of Series F Preferred Stock. For further information concerning the
redemption, see the press release and the Notice of Redemption to the holders of
Series F Preferred Stock which are filed as exhibits to this report.






<PAGE>


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

(c)  Exhibits

EXHIBIT NO.                        DESCRIPTION

99.1              Press release of the Company, dated May 9, 2001.

99.2              Notice of Redemption, dated May 11, 2001.


<PAGE>


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be filed on its behalf by
the undersigned hereunto duly authorized.

                                      AVALONBAY COMMUNITIES, INC.



Dated:  May 11, 2001                  By:     /s/ EDWARD M. SCHULMAN
                                         ---------------------------------------
                                      Name:   Edward M. Schulman
                                      Title:  Vice President-General Counsel





<PAGE>


                                  EXHIBIT INDEX

EXHIBIT NO.                         DESCRIPTION

99.1               Press release of the Company, dated May 9, 2001.

99.2               Notice of Redemption, dated May 11, 2001.



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a2048928zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>

<PAGE>


                                                                    Exhibit 99.1

                                 CONTACT:  Thomas J. Sargeant
                                           Executive Vice President and
                                             Chief Financial Officer
                                           AvalonBay Communities, Inc.
                                           703-317-4635


FOR IMMEDIATE RELEASE


                  AVALONBAY COMMUNITIES ANNOUNCES REDEMPTION OF
               9.0% SERIES F CUMULATIVE REDEEMABLE PREFERRED STOCK

ALEXANDRIA, VA (MAY 9, 2001) - AVALONBAY COMMUNITIES, INC. (NYSE/PCX: AVB)
announced today that it will give notice on May 11, 2001 that it will redeem
all outstanding shares of its 9.0% Series F Cumulative Redeemable Preferred
Stock ("Series F Preferred Stock") (AVB PrF - CUSIP No. 053484507) on June
11, 2001 for redemption at a price of $25.00 per share, plus $0.1625 in
accrued and unpaid dividends to the redemption date, for an aggregate
redemption price of $25.1625 per share of Series F Preferred Stock.

From the redemption date forward, dividends on the Series F Preferred Stock
will no longer accrue, and holders of the Series F Preferred Stock will have
no rights other than the right to receive the redemption price of $25.1625,
without interest, upon surrender of certificates representing the Series F
Preferred Stock. Payment of the redemption price will be made only upon
presentation and surrender of certificates representing the Series F
Preferred Stock to First Union National Bank, the transfer agent for the
Series F Preferred Stock, during its usual business hours at the addresses
specified in the Notice of Redemption.

The Notice of Redemption and related materials will be mailed to holders of
record of the Series F Preferred Stock on or about May 11, 2001. Questions
relating to the Notice of Redemption and related materials should be directed
to, First Union National Bank, the redemption agent, at 1-800-829-8432 or to
AvalonBay Communities, Inc. Investor Relations at (703) 317-4632.

ABOUT AVALONBAY COMMUNITIES, INC.

AvalonBay Communities, Inc., headquartered in Alexandria, Virginia, currently
owns or holds an ownership interest in 139 apartment communities containing
41,772 apartment homes in twelve states and the District of Columbia, of which
thirteen communities are under construction and four are under reconstruction.
AvalonBay is in the business of developing, redeveloping, acquiring and managing
luxury apartment communities in high barrier-to-entry markets of the United
States. More information on AvalonBay may be found on AvalonBay's Web Site at
http://www.avalonbay.com.

       COPYRIGHT (C) 2001 AVALONBAY COMMUNITIES, INC. ALL RIGHTS RESERVED



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>a2048928zex-99_2.txt
<DESCRIPTION>EXHIBIT 99.2
<TEXT>

<PAGE>


                                                                    Exhibit 99.2

                           AVALONBAY COMMUNITIES, INC.

                              NOTICE OF REDEMPTION
                                       OF
              9.00% SERIES F CUMULATIVE REDEEMABLE PREFERRED STOCK

                            -----------------------
                               CUSIP NO. 053484507

NOTICE IS HEREBY GIVEN that, pursuant to Section 14.6.5 of the Articles of
Amendment and Restatement of Articles of Incorporation, as amended (the
"Articles of Incorporation"), of AvalonBay Communities, Inc., a Maryland
corporation (the "Company"), the Company has called for redemption and will
redeem on June 11, 2001 (the "Redemption Date") all of the outstanding shares of
its 9.00% Series F Cumulative Redeemable Preferred Stock (the "Preferred Stock")
for a redemption price of $25.00 per share, plus $0.1625 in accrued and unpaid
dividends thereon to the Redemption Date, for an aggregate redemption price of
$25.1625 per share of Preferred Stock (the "Redemption Price"). Redemption of
the Preferred Stock is being made at the option of the Company pursuant to
Section 14.6.5(a) of the Articles of Incorporation.

PAYMENT OF THE REDEMPTION PRICE WILL BE MADE UPON PRESENTATION AND SURRENDER OF
CERTIFICATES REPRESENTING THE SHARES OF PREFERRED STOCK TO FIRST UNION NATIONAL
BANK (THE "AGENT") DURING THE AGENT'S USUAL BUSINESS HOURS AT ONE OF THE
FOLLOWING ADDRESSES:

<TABLE>
<CAPTION>
                IF BY MAIL:                          IF BY OVERNIGHT COURIER:                     IF BY HAND:
<S>                                           <C>                                          <C>
         First Union National Bank                   First Union National Bank             First Union National Bank
      1525 West W.T. Harris Blvd. 3C3             1525 West W.T. Harris Blvd. 3C3          40 Broad Street, 5th Floor
          Attn: Corporate Trust                        Attn: Corporate Trust                 Attn: Corporate Trust
        Operations/Reorg Services                     Operations/Reorg Services                New York, NY 10004
         Charlotte, NC 28288-1153                    Charlotte, NC 28262-1153
</TABLE>

           FACSIMILE (FOR ELIGIBLE INSTITUTIONS ONLY): (704) 590-7628

               Confirm facsimile by telephone ONLY: (888) 257-9919

Dividends on the Preferred Stock shall cease to accrue on and after the
Redemption Date, and holders of Preferred Stock will not have any right as
holders of the Preferred Stock other than the right to receive the Redemption
Price, without interest, upon presentation and surrender of the Preferred Stock
in accordance with this Notice of Redemption.

The method of delivery of certificates representing shares of Preferred Stock to
the Agent is at the option and risk of the holder. Holders of shares of
Preferred Stock are encouraged to deliver their certificates representing shares
of Preferred Stock to the Agent by registered mail with return receipt
requested.

If certificates representing shares of Preferred Stock have been lost,
misplaced, mutilated or stolen, please promptly contact the Agent at one of the
addresses above or by telephone at (704) 590-0394.


<PAGE>


                            IMPORTANT TAX INFORMATION

Under Federal income tax laws, each holder of Preferred Stock is required to
provide the Agent (as payer) with such holder's correct tax payer identification
number ("TIN") on Form W-9 enclosed with this notice or otherwise establish a
basis for exemption from backup withholding. Each holder is required to provide
the Agent the TIN (i.e., social security number or employer identification
number) of the registered holder. If the shares of Preferred Stock are held in
more than one name or are not held in the name of an actual owner, consult the
instructions accompanying the enclosed Form W-9 for additional guidance on which
number to report.

If the Agent is not provided with the correct TIN, a $50 penalty may be imposed
by the Internal Revenue Service, and payments, including payment of the
Redemption Price, made to such holder with respect to shares of Preferred Stock
redeemed by the Company may be subject to backup withholding.

If backup withholding applies, the Agent is required to withhold 31% of any
payments made to the holder. Backup withholding is not an additional Federal
income tax. Rather, the Federal income tax liability of persons subject to
backup withholding will be reduced by the amount of tax withheld. If withholding
results in an overpayment of taxes, a refund may be obtained from the Internal
Revenue Service.

If a holder of Preferred Stock surrendering the certificate(s) has not been
issued a TIN, and has applied for one or intends to apply for one in the near
future, such person should write "Applied For" in the space provided for the
TIN in Part I of the Form W-9, and sign and date the Form W-9. If "Applied
For" is written in Part I and the Agent is not provided with a TIN within 60
days, the Agent will retain 31% of all payments of the Redemption Price to
such person during the sixty (60) day period following the date of the Form
W-9. If such person furnishes the Agent with his or her TIN within sixty (60)
days of the date of the Form W-9, the Agent shall remit such amounts retained
during the sixty (60) day period to such person upon request and no further
amounts shall be retained or withheld from payments made to such person
thereafter. If, however, such person has not provided the Agent with his or
her TIN within such sixty (60) day period, the Agent shall remit such
previously retained amounts to the IRS as backup withholding and shall
withhold 31% of all payments to such person thereafter until such person
furnishes a TIN to the Agent.

Certain holders (including, among others, all corporations and certain foreign
persons) are not subject to these backup withholding and reporting requirements.
U.S. holders exempt from backup withholding should indicate their exempt status
on the enclosed Form W-9. A foreign person may qualify as an exempt recipient by
submitting to the Agent the applicable Internal Revenue Service Form W-8,
properly completed and signed under penalties of perjury, attesting to that
holder's exempt status. The applicable Form W-8 can be obtained from the Agent.

Non-U.S. holders of Preferred Stock may incur a U.S. tax liability as a result
of the redemption, including under the provisions of the Foreign Investment in
Real Property Tax Act of 1980. Additionally, the Agent may be required to
withhold a portion of the Redemption Price payable to non-U.S. holders. An
income tax treaty may reduce or eliminate the amount of any substantive tax or
required withholding applicable to a particular non-U.S. holder. Non-U.S.
holders should file the appropriate completed Form W-8, which can be obtained
from the Agent, to minimize the amount that will be withheld from any payment of
the Redemption Price to them.

Questions relating to redemption of the Preferred Stock may be directed to First
Union National Bank at 1-800-829-8432 or to AvalonBay Communities, Inc.,
Investor Relations at (703) 317-4632.

May 11, 2001                                         AVALONBAY COMMUNITIES, INC.

[IRS Form W-9 Omitted]



</TEXT>
</DOCUMENT>
</SUBMISSION>
