AvalonBay, Equity Residential complete merger to form Vivmark Residential
AVB•Ownership, pipeline and dividend details
The pipeline includes more than 11,100 apartments under construction, representing about $4.4 billion of projects.
AvalonBay shareholders receive 2.793 Vivmark shares per AvalonBay share, ending with about 51% ownership on a fully diluted basis.
The initial expected annualized dividend is set at $2.81 per share.
Merger completed to form Vivmark Residential
AvalonBay and Equity Residential completed a merger of equals to form Vivmark Residential, expected to trade on the NYSE as VMRK on Aug. 18, 2026.
The combined company targets about $51 billion in equity market value, about $70 billion in enterprise value, and more than 184,000 apartments.
