M&A Deal Announcement | Tentt Deal Tracker

AvalonBay Communities has agreed to acquire Equity Residential, a real estate services other business in the United States, for $52B. The combined apartment REIT platform will operate large multifamily communities across major U.S. markets, strengthening scale in real estate services M&A and merger acquisition. Equity Residential’s portfolio and operating footprint support strategic acquisition goals for revenue growth, cost synergies, and improved capital allocation in apartment real estate. The strategic acquisition is structured as a merger acquisition between two strategic REIT owners, with a combined enterprise value cited around $52B and an announced status, targeting completion subject to customary approvals.