NYSE:AVBResidential REITs
AvalonBay And Equity Residential Merger Recasts Apartment REIT Scale And Risks
AvalonBay Communities (NYSE:AVB) and Equity Residential have agreed to an all stock merger of equals.
The combined company is set to become the largest apartment REIT in the United States.
The transaction will pool more than 180,000 rental apartments under a single REIT structure.
The deal includes shared governance, operational integration, and a focus on efficiency across the enlarged portfolio.
AvalonBay Communities, trading at around $185.65 per share, is entering this merger from a...