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Noticias de EQR
Eventos de EQR
Sun Communities Appoints Robert Garechana as CFO
Sun Communities (SUI) announced that Robert Garechana will join the company as CFO, effective September 8, succeeding Fernando Castro-Caratini, who will transition to an advisory role with the company. Garechana brings over two decades of REIT finance experience to Sun, joining from multifamily REIT Equity Residential (EQR), where he served as executive VP and chief investment officer since 2025.
Equity Residential Acquires AvalonBay in Deal Expected to Complete Soon
S&P 500 constituent Equity Residential (EQR) is acquiring AvalonBay Communities (AVB) in a deal expected to be completed soon, pending final conditions. Post merger, the combined company will be renamed Vivmark Residential (VMRK) and will remain in the S&P 500.
AvalonBay and Equity Residential Merger Approved by Shareholders
AvalonBay Communities (AVB) and Equity Residential (EQR) announced that at their respective special meetings, AvalonBay stockholders and Equity Residential shareholders overwhelmingly approved all of the proposals necessary to close the pending merger of equals between AvalonBay and Equity Residential (the "merger"). More than 99% of the votes cast at the AvalonBay special meeting voted to approve the merger, which represented approximately 90% of the outstanding shares of AvalonBay common stock, as of the record date, and more than 99% of the votes cast at Equity Residential's special meeting voted to approve the issuance of Equity Residential common shares to AvalonBay stockholders as consideration in the merger, which represented approximately 90% of the outstanding Equity Residential common shares, as of the record date. The merger is expected to close on Monday, August 17, 2026, subject to the satisfaction or waiver of customary closing conditions. If the merger is completed, each share of AvalonBay common stock outstanding immediately prior to the merger will convert into the right to receive 2.793 Equity Residential common shares.
AvalonBay and Equity Residential Merge to Form Vivmark Residential
AvalonBay Communities (AVB) and Equity Residential (EQR) 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 $53B and an enterprise value of approximately $71B, 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. The companies said, "The name Vivmark carries two aspirational ideas. The first is viv, from the Latin vivere, meaning to live fully. It is the root of vivid and vitality, words that evoke life at its most complete and most genuinely alive. The second is mark, a symbol that reflects quality, distinction, and lasting impact. Together, they capture what Vivmark Residential is built to deliver. For residents, it represents a new standard for the experience of home. For team members, it embodies a place where meaningful work and real opportunity go hand in hand. For investors, it signals a platform built for disciplined, long-term growth and value creation." Additional brand elements, including the logo, typography, and visual identity, will be revealed in the coming weeks. The combined company will operate as Vivmark Residential upon completion of the merger. The new company name will not result in community name changes at closing. The merger remains subject to satisfaction of customary closing conditions, including approval by the shareholders of each company. AvalonBay and Equity Residential remain separate and independent companies until the transaction closes. Until closing, Equity Residential common shares will continue to be listed on the New York Stock Exchange under the ticker symbol "EQR" and AvalonBay common stock will continue to be listed on the New York Stock Exchange under the ticker symbol "AVB".
Equity Residential Q2 Revenue $785M, Below Consensus
Reports Q2 revenue $785M, consensus $787.7M. "We are pleased to increase our same store revenue and NOI annual guidance as a result of a solid demand environment characterized by occupancy and resident retention that remain at historically high levels. An increasingly supportive job market combined with declining levels of new supply in most of our markets sets the combined company up for great success," said Mark Parrell, Equity Residential's President and CEO. "We are proud of the legacy we have created at Equity Residential and very excited about what the future holds for the combined company."
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