AvalonBay Communities and Equity Residential Announce $69 Billion Merger
AvalonBay Communities (AVB) and Equity Residential (EQR) have agreed to a merger valued at approximately $69 billion, creating the largest residential real estate investment trust in the U.S. The all-stock deal will result in AvalonBay shareholders owning about 51.2% of the new entity.
Topics: corporate_deal real_estate