Megadeal Maelstrom: The AvalonBay, Equity Residential Merger Sets a New Standard for Apartment Industry Consolidation The latest merger in the real estate investment trust (REIT) space has left many in the industry stunned, but perhaps not as surprised as one might think.
The combination of AvalonBay and Equity Residential, announced on Thursday, will create a behemoth with a market capitalization of about $52 billion and a total enterprise value of approximately $69 billion.
This all stock deal will catapult the newly formed company into the top ranks of real estate companies in the United States, boasting over 180,000 rental apartments.