Mergers & Acquisitions ·
Equity Residential shareholders approved the merger of equals with AvalonBay Communities at a special meeting on…
EQRErp Operating Ltd Partnership
Equity Residential shareholders approved the merger of equals with AvalonBay Communities at a special meeting on August 12, 2026. The transaction involves issuing approximately 336 million shares to AvalonBay stockholders, representing a conversion ratio of 2.793 Equity Residential common shares for each AvalonBay share. Shareholder approval was secured with over 99% of votes cast in favor, constituting roughly 90% of outstanding shares. The combined entity will be renamed Vivmark Residential and trade under the ticker symbol VMRK on the New York Stock Exchange starting August 18, 2026. The merger is expected to close on August 17, 2026, subject to customary closing conditions. Equity Residential owns and manages 312 rental properties consisting of 85,520 apartment units across major U.S. metro areas.