<SUBMISSION>
<ACCESSION-NUMBER>0000912057-01-533870
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20010926
<ITEMS>5
<ITEMS>7
<FILING-DATE>20010928
<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>1748135
</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>a2060009z8-k.txt
<DESCRIPTION>FORM 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): September 26, 2001

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

<TABLE>
<S>                                 <C>                            <C>
         MARYLAND                          1-12672                      77-0404318
(State or Other Jurisdiction        (Commission File Number)         (IRS Employer
      of Incorporation)                                            Identification No.)
</TABLE>

          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 September 26, 2001, AvalonBay Communities, Inc. (the "Company")
published and mailed notice that it will redeem all outstanding shares of its
8.96% Series G Cumulative Redeemable Preferred Stock (the "Series G Preferred
Stock") on October 26, 2001 at a price of $25.00 per share, plus $0.4418 in
accrued and unpaid dividends to the redemption date, for an aggregate
redemption price of $25.4418 per share of Series G Preferred Stock. For
further information concerning the redemption, see the press release which is
filed as an exhibit to this report and is incorporated herein by reference.

<PAGE>

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

(c)  Exhibits

<TABLE>
<CAPTION>
EXHIBIT NO.                       DESCRIPTION
<S>              <C>
99.1             Press release of the Company, dated September 24, 2001.
</TABLE>

<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: September 28, 2001          By: /s/ Thomas J. Sargeant
                                      -----------------------------------------
                                      Name: Thomas J. Sargeant
                                      Title: Executive Vice President and
                                             Chief Financial Officer

<PAGE>

                                  EXHIBIT INDEX

<TABLE>
<CAPTION>
EXHIBIT NO.                    DESCRIPTION
<S>           <C>
99.1          Press release of the Company, dated September 24, 2001.
</TABLE>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a2060009zex-99_1.txt
<DESCRIPTION>EX-99.1
<TEXT>

<PAGE>

                                                                   Exhibit 99.1

                                       Contact: Alaine S. Walsh
                                                Manager of Investor Relations
                                                AvalonBay Communities, Inc.
                                                703-317-4632

FOR IMMEDIATE RELEASE

                  AVALONBAY COMMUNITIES ANNOUNCES REDEMPTION OF
              8.96% SERIES G CUMULATIVE REDEEMABLE PREFERRED STOCK

ALEXANDRIA, VA (SEPTEMBER 24, 2001) - AVALONBAY COMMUNITIES, INC. (NYSE/PCX:
AVB) announced today that it will give notice on September 26, 2001 that it
will redeem all outstanding shares of its 8.96% Series G Cumulative
Redeemable Preferred Stock ("Series G Preferred Stock") (AVB PrG - CUSIP No.
053484606) on October 26, 2001 for redemption at a price of $25.00 per share,
plus $0.4418 in accrued and unpaid dividends to the redemption date, for an
aggregate redemption price of $25.4418 per share of Series G Preferred Stock.
The following securities were previously exchanged for the Series G Preferred
Stock and are therefore subject to this redemption: Avalon Bay Communities,
Inc. Series G Cumulative Redeemable Preferred Stock (AVB PrG - CUSIP No.
053373809) and Avalon Properties, Inc. 8.96% Series B Cumulative Redeemable
Preferred Stock (AVN PrB -CUSIP No. 053469300).

From the redemption date forward, dividends on the Series G Preferred Stock will
no longer accrue, and holders of the Series G Preferred Stock will have no
rights other than the right to receive the redemption price of $25.4418, without
interest, upon surrender of certificates representing the Series G Preferred
Stock. Payment of the redemption price will be made only upon presentation and
surrender of certificates representing the Series G Preferred Stock to First
Union National Bank, the transfer agent for the Series G 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 G Preferred Stock on or about September 26, 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
41,021 apartment homes in twelve states and the District of Columbia, of which
thirteen communities are under construction and three 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>
</SUBMISSION>
