AvalonBay and Equity Residential Complete Merger, Launch 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 as VMRK on the NYSE on August 18. The combined company has approximately $51 billion of equity market capitalization, $70 billion of enterprise value, more than 184,000 apartments and over $4.4 billion of development under construction; former AvalonBay shareholders own about 51% and Equity Residential shareholders about 49%, with an expected annualized dividend of $2.81 per share. Seven trustees from each company now serve on Vivmark’s 14-member board, led by Chairman Stephen Sterrett and CEO Benjamin Schall.