AvalonBay Communities (NYSE: AVB) and Equity Residential (NYSE: EQR) completed their merger of equals today. The new entity, Vivmark Residential, begins trading on the New York Stock Exchange under ticker VMRK on August 18, 2026.
The combined company holds an enterprise value of approximately $70 billion. Its equity market capitalization reaches roughly $51 billion.
Vivmark Residential manages a portfolio of more than 184,000 rental apartments. An additional 11,100 units are currently under construction.
The merger consolidates two major players to create one of the country's largest real estate companies. This entity will likely command significant weighting in real estate ETFs such as IYR and VNQ.