Mergers & Acquisitions ·
AvalonBay Communities and Equity Residential have entered into an all-stock merger-of-equals agreement to combine the…
AVBAvalonbay Communities Inc
AvalonBay Communities and Equity Residential have entered into an all-stock merger-of-equals agreement to combine the two real estate investment trusts. Under the terms of the transaction, AvalonBay shareholders will receive 2.793 shares of Equity Residential common stock for each share of AvalonBay held. This merger creates a significantly larger multifamily REIT entity, representing a major consolidation event within the sector.