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America's largest apartment owner AvalonBay discusses merger with EQR
An insider said that AvalonBay Communities Inc. and Equity Residential are considering a potential merger, which could reshape the U.S. apartment market. As two of the largest real estate investment trusts (REITs) and the biggest apartment developers in the United States, the two companies have already held preliminary discussions about a merger. At present, the market value of both AvalonBay and Equity Residential is around $25 billion. (Sina Finance)