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AvalonBay, Equity Residential strike deal to create one of nation’s largest apartment owners

Rivals say 'bigger is not better' as industry consolidates
AvalonBay, headquartered at 4040 Wilson Blvd. in Arlington, Virginia, is merging with Chicago-based Equity Residential. (CoStar)
AvalonBay, headquartered at 4040 Wilson Blvd. in Arlington, Virginia, is merging with Chicago-based Equity Residential. (CoStar)
CoStar News
May 21, 2026 | 6:54 P.M.

AvalonBay Communities and Equity Residential have proposed a merger that would create the largest publicly traded apartment landlord and rank among the nation’s biggest real estate deals.

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