Summary
AvalonBay Communities, Inc. (AVB) has completed its merger with Vivmark Residential (formerly Equity Residential). Effective August 17, 2026, AvalonBay Common Stock was cancelled and converted into the right to receive 2.793 Vivmark Common Shares per share, plus any cash for fractional shares. This transaction marks a significant shift for AvalonBay shareholders, as their shares will no longer trade on the NYSE. Instead, Vivmark Common Shares will commence trading on the NYSE under the ticker symbol 'VMRK' on August 18, 2026. The merger has led to the delisting of AvalonBay Common Stock from the NYSE, and AvalonBay's reporting obligations under the Exchange Act will be suspended.
Key Highlights
- 1AvalonBay Communities, Inc. has been acquired by Vivmark Residential (formerly Equity Residential) via a merger completed on August 17, 2026.
- 2AvalonBay shareholders will receive 2.793 Vivmark Common Shares for each share of AvalonBay Common Stock they held, plus cash for fractional shares.
- 3AvalonBay Common Stock has been delisted from the New York Stock Exchange (NYSE) as of the market open on August 17, 2026.
- 4Vivmark Common Shares are scheduled to begin trading on the NYSE under the ticker symbol 'VMRK' on August 18, 2026.
- 5All outstanding AvalonBay equity awards (restricted shares, performance awards, deferred units, and options) have been converted into corresponding Vivmark equity awards or OP Units.
- 6ERP Operating Partnership has assumed AvalonBay's obligations under its various indentures for outstanding notes.
- 7Benjamin W. Schall, formerly CEO of AvalonBay, has been appointed CEO of Vivmark.
Frequently Asked Questions
Each share of AvalonBay Common Stock was converted into the right to receive 2.793 common shares of Vivmark, plus cash in lieu of any fractional Vivmark Common Shares.
No, AvalonBay Common Stock was delisted from the NYSE prior to the market open on August 17, 2026. Your AvalonBay shares have been converted into Vivmark Common Shares.
Vivmark Common Shares will trade on the New York Stock Exchange (NYSE) under the trading symbol 'VMRK', commencing on August 18, 2026.
All outstanding AvalonBay equity awards, including options, restricted shares, performance awards, and deferred units, have been converted into equivalent Vivmark equity awards or OP Units, subject to the terms of the original awards and applicable plans.
ERP Operating Partnership, as successor to AvalonBay, has assumed all of AvalonBay's obligations under its outstanding 1998 Indenture Notes, 2018 Indenture Notes, and 2024 Indenture Notes. The terms and conditions of these notes remain in effect.