Equity Residential, AvalonBay shareholders back merger ahead of expected Aug. 17 close
EQR•Shareholders clear key merger hurdle
- AvalonBay Communities shareholders backed a merger of equals with Equity Residential, clearing a key closing hurdle.
- Equity Residential shareholders authorized issuing new common shares to AvalonBay holders as deal consideration.
- Closing is targeted for Aug. 17, 2026, subject to customary conditions.
- Each AvalonBay share will convert into 2.79 Equity Residential common shares at completion.
- The combined company will be renamed Vivmark Residential, trading as VMRK from Aug. 18, 2026.
