Equity Residential and AvalonBay to Merge, Creating $69 Billion U.S. Real Estate Company
Equity Residential (EQR) and AvalonBay Communities (AVB) have agreed to an all-stock merger valued at $69 billion, creating a larger housing rental company with significant presence in key U.S. markets. The deal is expected to generate synergies of up to $175 million within 18 months post-closure.
Topics: housing_rental real_estate stock_merge