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ARLINGTON, Va. & CHICAGO, August 17, 2026--AvalonBay Communities, Inc. (NYSE: AVB) and Equity Residential (NYSE: EQR) today announced the completion of their merger of equals, creating Vivmark Residential (NYSE: VMRK). Vivmark Residential is expected to begin trading on the New York Stock Exchange ("NYSE") under the ticker symbol VMRK at the opening of trading on August 18, 2026.
Equity Residential has underperformed the broader market, while analysts remain moderately optimistic about its future prospects.

Equity Residential stock has delivered a 17.0% total return over the past three years, while the latest Discounted Cash Flow (DCF) intrinsic value estimate points to the shares trading at a meaningful discount to that assessment even as broader valuation checks look more mixed. The 17.0% three year return suggests Equity Residential has rewarded patient holders, yet the current price still sits below the latest intrinsic value estimate. The approved merger with AvalonBay Communities to form...

AvalonBay Communities (NYSE: AVB) shareholders have approved a merger with Equity Residential to form a new company called Vivmark Residential. Equity Residential investors also backed the deal, clearing a major hurdle for combining the two large U.S. multifamily REITs. The transaction will reshape both companies into a single, larger residential platform under the Vivmark Residential brand. AvalonBay Communities is far from the only stock tied to large scale shifts in residential real...
Reddit shares rose 11% on S&P 500 inclusion news, even as Google's AI Overviews pressure its search traffic.
S&P Dow Jones Indices will make the following changes to the S&P 500 and S&P MidCap 400:
Reddit Inc. will replace AvalonBay Communities Inc. (AVB) in the S&P 500 effective prior to the opening of trading on Tuesday, August 18.
Reddit stock jumped late Thursday on news that the social media firm will join the S&P 500 index. Sun Communities will be added to the S&P MidCap 400.
After investors voted to endorse AVB’s acquisition of EQR, the REITs expect to close the mammoth transaction in August.

Reddit will replace AvalonBay Communities before the opening of trading on Tuesday, according to S&P Dow Jones Indices, which oversees the index. The change was prompted by Equity Residential’s coming acquisition of AvalonBay, a large owner of multifamily housing.