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AvalonBay raises outlook as planned merger with Equity Residential takes center stage

Shareholders to vote Aug. 12 on deal creating nation's largest apartment owner
The Residences at 4040 Wilson in Arlington, Virginia, is among the apartment properties owned and operated by AvalonBay Communities. (CoStar)
The Residences at 4040 Wilson in Arlington, Virginia, is among the apartment properties owned and operated by AvalonBay Communities. (CoStar)
CoStar News
July 22, 2026 | 10:01 P.M.

Apartment owner AvalonBay Communities raised its outlook after a stronger-than-expected second quarter as it joined Equity Residential, the rival it plans to merge with this year, in giving investors an early look at what their combined company could deliver.

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