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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Sat., Feb. 29, 7:08 AM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #68. AvalonBay Communities, Inc. and Equity Residential Archstone Enterprise LP

Acquirer: AvalonBay Communities, Inc. and Equity Residential (NYSE:AVB)
Acquiree: Archstone Enterprise LP
Details: AvalonBay Communities, Inc. (NYSE:AVB) announced today that it and Equity Residential (NYSE:EQR) have completed their previously announced acquisition ("Archstone Acquisition") of the assets and liabilities of Archstone Enterprise LP ("Archstone") from Lehman Brothers Holdings, Inc., which consist principally of a portfolio of high quality apartment communities in major markets in the United States. AvalonBay acquired approximately 40% of Archstone's assets and liabilities and Equity Residential acquired approximately 60% of Archstone's assets and liabilities.

AvalonBay Communities is a real estate investment trust. Co. develops, redevelops, acquires, owns and operates multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. Co. owns or holds a direct or indirect ownership interest in: operating apartment communities containing apartment homes in various states and the District of Columbia; communities under development; and rights to develop an additional communities.

AvalonBay Communities SEC Filing Email Alerts Service


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Company Name: 
AvalonBay Communities, Inc.
Website: 
www.avalonbay.com
Sector: 
REITs
Number of ETFs Holding AVB: 
95
Total Market Value Held by ETFs: 
$5.02B
Total Market Capitalization: 
$31.11B
% of Market Cap. Held by ETFs: 
16.14%
 

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Buy (3.00 out of 4)
43rd percentile
(ranked lower than approx. 57% of all stocks covered)
Based on Zacks ABR data;
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