newsfilter
← Latest News
Business Wire·

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

EQRAVB
  • AvalonBay Communities and Equity Residential announced a merger of equals to create a new combined company named Vivmark Residential.
  • The new entity will trade on the New York Stock Exchange under the ticker symbol VMRK.
  • Vivmark Residential will be the preeminent multifamily real estate company with a pro forma equity market capitalization of approximately $53 billion.
  • The combined company will have an enterprise value of approximately $71 billion.
  • Vivmark Residential will own more than 180,000 rental apartments and have over 10,000 apartments under construction.
  • Benjamin Schall, current CEO of AvalonBay, will serve as the incoming CEO of Vivmark Residential.
  • The name Vivmark combines "viv," derived from the Latin for "to live fully," with "mark," symbolizing quality and lasting impact.
  • Additional brand elements including the logo and visual identity will be revealed in the coming weeks.
  • The combined company will operate as Vivmark Residential upon completion of the merger, which remains subject to shareholder approval.
  • Until the transaction closes, AvalonBay and Equity Residential will remain separate independent companies with their current tickers AVB and EQR.
  • The new company name will not result in immediate community name changes at closing.
  • As of June 30, 2026, AvalonBay owned or held interests in 322 communities containing 99,072 homes, while Equity Residential owns 312 properties with 85,520 units.
  • Equity Residential filed a registration statement on Form S-4 on July 13, 2026, and mailed definitive proxy statements to shareholders on the same date.
  • The merger faces risks including integration challenges, regulatory approvals, market conditions, and potential litigation.