December 9, 1996 PaineWebber Incorporated 1285 Avenue of the Americas New York, New York 10019 Dear Sirs: Reference is made to the Underwriting Agreement, dated concurrently herewith (the ``UNDERWRITING AGREEMENT''), among Avalon Properties, Inc., a...Avalon Properties Inc • December 18th, 1996 • Real estate investment trusts • New York
6 3 1. AGREEMENT TO SELL AND PURCHASE.Underwriting Agreement • December 18th, 1996 • Avalon Properties Inc • Real estate investment trusts • New York
