AvalonBay and Equity Residential Forge $69B Apartment Titan in All-Stock Merger of Equals

The combination of the nation's two largest multifamily REITs creates a 180,000-unit powerhouse with dominant positions in Los Angeles, New York and Greater Washington. The two biggest names in American apartment ownership are joining forces. AvalonBay Communities and Equity Residential announced on May 21 a definitive agreement to combine in an all-stock merger of equals, […]