Business

Equity & AvalonBay to merge, creating apartment rental giant

THE STREET·May 21 ago·3 min read

Photograph via The Street

RSS SUMMARY · AGGREGATED FROM THE STREET

Two of the largest residential landlords in America, Equity Apartments and AvalonBay Apartments, announced Thursday that they would merge, creating a REIT portfolio with over 180,000 rental apartments. The combination will give the combined NewCo about half a percentage point of the total U.S. …

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