AvalonBay announces shareholder approval for its merger with Equity Residential
The combined entity will rename itself Vivmark Residential and trade on the NYSE as VMRK following closing later this month.
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Owner-operator of market-rate multifamily rental communities
avaloncommunities.comLast updated
In short: AvalonBay completed a $69 billion merger with Equity Residential to form Vivmark Residential, the nation's largest multifamily owner.
The combined entity will rename itself Vivmark Residential and trade on the NYSE as VMRK following closing later this month.
The name reflects the Latin vivere, aiming for a new standard in rental housing, with the merger subject to shareholder approval.
Core FFO per share rose 1.4% year-over-year, and same-store NOI guidance was increased. The merger with Equity Residential awaits stockholder approval.
The company will not hold a conference call due to its pending merger with Equity Residential. An investor presentation will be posted online.
Vivmark Residential ( VMRK ), the resulting apartment REIT formed by the merger of Equity Residential and AvalonBay Communities in August, expects 2026 same-store residentia...
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