AvalonBay Communities Inc. and Equity Residential are nearing a deal that will see two of the biggest apartment real estate investment trusts by market value combine, people familiar with the matter said.
AvalonBay Communities Inc. and Equity Residential are nearing a deal that will see two of the biggest apartment real estate investment trusts by market value combine, people familiar with the matter said.
The AvalonBay Communities Inc. Park Loggia condominium, center, stands at 15 West 61 Street in New York, U.S., on Wednesday, May 15, 2019. AvalonBay Communities real estate investment trust acquired the site for the Park Loggia for $300 million, near the peak of Manhattan's high-end sales frenzy, with plans for luxury rentals and, perhaps, some condos. Since then, the borough has become saturated with both and AvalonBay decided the more-lucrative option was to go all-condo.
AvalonBay Communities Inc. and Equity Residential are considering a potential combination that could reshape the US apartment market, people familiar with the matter said.
AvalonBay Communities Inc. and Equity Residential are considering a potential combination that could reshape the US apartment market, people familiar with the matter said.
A pedestrian stands in front of the AvalonBay Communities Inc. Park Loggia condominium in New York, U.S., on Wednesday, May 15, 2019. AvalonBay Communities real estate investment trust acquired the site for the Park Loggia for $300 million, near the peak of Manhattan's high-end sales frenzy, with plans for luxury rentals and, perhaps, some condos. Since then, the borough has become saturated with both and AvalonBay decided the more-lucrative option was to go all-condo.
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