REPORT: Equity Residential, AvalonBay In Early Talks To Combine

Major multifamily REITs AvalonBay Communities and Equity Residential are reportedly in early talks to merge. Both companies are valued at approximately $25 billion, and such a combination would likely face significant antitrust scrutiny. The potential merger follows a challenging 2025 for both REITs, though they reported rosier first-quarter earnings and anticipate a “supply hangover” from the pandemic to subside.

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