AvalonBay Communities (AVB) and Equity Residential (EQR) are close to an agreement that would combine two of the biggest REITs by value, with an announcement of the deal possibly coming as soon as Thursday, Bloomberg’s Ryan Gould reports, citing people familiar with the matter. AvalonBay has a market value of roughly $26B, while Equity Residential has a market value of approximately $24.8B, the author notes.
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