Equity Residential and AvalonBay Announce Vivmark Residential as Name of Combined Company

Equity Residential and AvalonBay Announce Vivmark Residential as Name of Combined Company

AvalonBay Communities, Inc. (NYSE: AVB) and Equity Residential (NYSE: EQR) today announced Vivmark Residential as the name for the combined company to be created through their merger of equals. Vivmark Residential will be the preeminent multifamily real estate company with a pro forma equity market capitalization of approximately $53 billion and an enterprise value of approximately $71 billion, with more than 180,000 rental apartments and over 10,000 apartments under construction. Vivmark Residential will have the differentiated scale, capabilities, and balance sheet strength to accelerate growth and redefine leadership in rental housing. Vivmark Residential expects to use VMRK as its New York Stock Exchange ticker symbol.