1 Exhibit 23.2 CONSENT OF ANN ROULAC AND COMPANY We consent to the incorporation by reference in the registration statement of Bay Apartment Communities, Inc. on Form S-3 (File No. 33-926888) (the "Registration Statement") of our report dated June 30, 1996, entitled San Francisco Bay Area Rental Analysis, which report is included in this Current Report on Form 8-K. We also consent to being named as an expert in the Prospectus Supplement, dated July 5, 1996, to the Registration Statement. ANN ROULAC AND COMPANY By: /s/ Ann N. Roulac ----------------------- Ann N. Roulac Berkeley, California July 5, 1996