AvalonBay and Equity Residential Complete Merger to Form Vivmark Residential
Filed with the SEC on · Summarized by InvestorsBot
AvalonBay Communities and Equity Residential completed their merger of equals on August 17, 2026, creating Vivmark Residential, which is expected to begin trading on the NYSE under ticker VMRK on August 18. The combined company has approximately $51 billion of equity market capitalization, $70 billion of enterprise value and more than 184,000 apartments; former AvalonBay shareholders will own about 51% and Equity Residential shareholders about 49%. Vivmark expects an initial annualized dividend of $2.81 per share and has more than $4.4 billion of apartments under construction.