• AvalonBay will combine with Equity Residential in an all-stock deal to create a rental-housing REIT with more than 180,000 apartments.
• The companies named the post-close executive team, led by AvalonBay CEO Benjamin W. Schall as CEO of the combined company.
• Equity Residential COO Michael Manelis will become COO; AvalonBay CFO Kevin O’Shea will serve as CFO.
• The transaction, announced May 21, 2026, targets a second-half 2026 close with a pro forma enterprise value of about $69 billion.
• The combined company will be dual headquartered in Arlington, Virginia and Chicago, operating under a new name to be set at closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equity Residential published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-261709), on June 08, 2026, and is solely responsible for the information contained therein.