Mergers & Acquisitions ·
AvalonBay Communities, Inc. completed its merger with Vivmark Residential (formerly Equity Residential) on August 17…
AVBAvalonbay Communities Inc
AvalonBay Communities, Inc. completed its merger with Vivmark Residential (formerly Equity Residential) on August 17, 2026, creating a combined entity with an enterprise value of approximately $70 billion and over 184,000 rental apartments. Each share of AvalonBay common stock was converted into the right to receive 2.793 shares of Vivmark Common Shares at an exchange ratio of 2.793. Following the transaction, former AvalonBay shareholders own approximately 51% of the combined company on a fully diluted basis. The new entity, ERP Operating Limited Partnership, will trade on the NYSE under the symbol VMRK starting August 18, 2026, while AvalonBay shares were delisted and deregistered from the NYSE. Benjamin Schall serves as CEO of Vivmark Residential, which operates in the multifamily real estate investment trust (REIT) industry.