NYSE:EQRResidential REITs
Equity Residential Merger Talks With AvalonBay And What Valuation Suggests
Equity Residential, NYSE:EQR, is reportedly in early talks with AvalonBay about a potential merger.
The discussions involve two of the largest apartment REITs in the US and relate to combining their residential portfolios.
If pursued, the deal could be one of the largest in US real estate, with implications for scale and operations across major apartment markets.
For Equity Residential, the news comes with the shares at $65.17 and a mixed recent return profile. The stock is up 4.7% over the...