Dossier
AvalonBay Communities Inc.
Coverage of AvalonBay Communities Inc. in the Nexus archive.
- AvalonBay, Equity Residential Said to Near Mega-REIT Tie-Up
AvalonBay Communities Inc. acquired a site for $300 million to build Park Loggia condominium, initially planning luxury rentals and condos, but later decided to go all-condo. The decision was made after Manhattan's high-end sales market became saturated. AvalonBay Communities is exploring a potential tie-up with Equity Residential.
- Top US Apartment Owners AvalonBay, EQR to Discuss Combining
AvalonBay Communities Inc. and Equity Residential (EQR) are discussing a potential merger. AvalonBay previously acquired the Park Loggia site in Manhattan for $300 million, initially planning luxury rentals and condos, but shifted to an all-condo strategy due to market saturation.