Summary
AvalonBay Communities, Inc. (AVB) filed an 8-K/A amendment on March 7, 2013, to its initial 8-K filed on March 5, 2013. This amendment primarily serves to include the required financial information related to the acquisition of Archstone's assets, which was completed on March 5, 2013, in conjunction with Equity Residential. The acquisition involved the purchase of all of Archstone's assets and the assumption of its liabilities, with certain exceptions, pursuant to an asset purchase agreement dated November 26, 2012. The key purpose of this filing is to incorporate the necessary pro forma financial information and exhibits pertaining to the Archstone acquisition, as mandated by SEC Form 8-K, Item 9.01(b). Investors should note that this filing confirms the completion of a significant transaction that is expected to materially impact AVB's financial statements and operational scale. The previously filed financial statements related to the acquired business are incorporated by reference.
Key Highlights
- 1AvalonBay Communities, Inc. (AVB) filed an 8-K/A amendment on March 7, 2013.
- 2The amendment provides updated and supplementary financial information regarding the Archstone acquisition.
- 3The acquisition of Archstone's assets, in partnership with Equity Residential, was completed on March 5, 2013.
- 4This filing incorporates required pro forma financial statements (Balance Sheet as of Dec 31, 2012, and Statement of Operations for FY 2012) for the Archstone portfolio.
- 5The original asset purchase agreement was dated November 26, 2012.
- 6The filing confirms the assumption of Archstone's liabilities, with limited exceptions.
- 7Financial statements of the acquired business were previously filed on February 26, 2013, and are incorporated by reference.