Brief
Equity Residential and AvalonBay: Inside the $71B Mega Multifamily Merger
On May 21, shortly before Memorial Day weekend, participants in public real estate markets awoke to a truly remarkable headline. AvalonBay Communities, the owner of 98,000 apartments and with a marke
Summary
On May 21, shortly before Memorial Day weekend, participants in public real estate markets awoke to a truly remarkable headline.
AvalonBay Communities, the owner of 98,000 apartments and with a market capitalization of $25 billion, would be merging with Equity Residential, one of the oldest real estate investment trusts (REITs) in America, holding 85,000 apartments […]
Source
- Commercial Observercommercialobserver.com
