Redefining Leadership in Rental Housing

AvalonBay and Equity Residential are combining to create one of the country's leading real estate companies. This combination creates a new and fundamentally stronger company with the differentiated scale, capabilities, and balance sheet strength to enhance the resident experience, redefine leadership in rental housing, and deliver structurally superior earnings growth and value creation for shareholders.

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Modern lounge with curved beige sofa, leather chairs, large windows, wooden ceiling, and hanging light bulbs.
Bright modern cafe interior with tan leather booths, black chairs, white vases with greenery, and large windows.
Evening view of a modern outdoor apartment pool area with lounge chairs and umbrellas.
Modern lounge area with curved orange booths, gray chairs, and a geometric tiled floor under skylights.

Delivering Benefits to All Stakeholders

Night view of a modern rooftop lounge with wooden decking, seating areas, string lights, and cityscape beyond.

Investors

Delivering structurally superior cash flow generation, earnings growth, and value for shareholders.

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Modern lounge with wooden table, blue stools, black chairs, large windows, and city view.

Residents

Faster service response, smarter technology, and locally based professional teams — delivering a better experience across 180,000+ apartments.

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Modern multi-story apartment building Avalon lit at dusk with glass windows and a pedestrian bridge.

Communities

Thirty years of community investment, expanded affordable housing commitments, and a long-term ownership mindset: in every market we call home.

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Details of the Transaction

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