AvalonBay Communities and Equity Residential Announce Merger of Equals
AvalonBay Communities (AVB) and Equity Residential (EQR), two leading U.S. apartment REITs, announced a merger of equals. Following the announcement, EQR stock fell by 0.8% while AVB dropped by 1.5%. The deal is expected to create one of the largest residential real estate investment trusts in the country.
Topics: real_estate reits stock_movement