Equity Residential, AvalonBay name combined company Vivmark Residential in merger plan
EQR•Merger plan and combined company name
AvalonBay Communities agreed to merge with Equity Residential, creating Vivmark Residential as the combined company’s name.
Vivmark is expected to have a pro forma equity market cap of about $53 billion and enterprise value of about $71 billion.
Portfolio size, ticker and closing details
The combined portfolio is expected to include more than 180,000 rental apartments, with over 10,000 units under construction.
Vivmark expects to trade on the NYSE under ticker VMRK once the merger closes; EQR and AVB remain until then.
Community property names are not expected to change at closing.
