AvalonBay Communities and Equity Residential have 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 $53 billion and an enterprise value of approximately $71 billion, with more than 180,000 rental apartments and more than 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 name Vivmark Residential reflects what we are building — a company determined to set a new standard for the experience of home. Vivmark Residential is built from the exceptional foundations that AvalonBay and Equity Residential have each spent more than 30 years establishing a
