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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