Apartment REITs Equity Residential and AvalonBay Communities named the executive team for their planned $69 billion merger of equals. AvalonBay CEO Benjamin Schall will serve as president and CEO of the combined company, signaling concrete progress toward closing one of the largest real estate deals. The announcement is constructive for deal execution and governance, though the article provides no new financial terms beyond the merger structure.
Apartment REITs Equity Residential and AvalonBay Communities named the executive team for their planned $69 billion merger of equals. AvalonBay CEO Benjamin Schall will serve as president and CEO of the combined company, signaling concrete progress toward closing one of the largest real estate deals. The announcement is constructive for deal execution and governance, though the article provides no new financial terms beyond the merger structure.
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