Equity Residential and AvalonBay Unveil New Company Name: Vivmark Residential

Vivmark Residential is set to emerge as a preeminent player in the multifamily real estate market, boasting a pro forma equity market capitalization of approximately $53 billion and an enterprise value of around $71 billion. The combined entity will oversee more than 180,000 rental apartments, with an additional 10,000 units currently under construction. This merger positions Vivmark Residential to leverage its scale, capabilities, and robust balance sheet to accelerate growth and enhance its leadership in the rental housing sector.

Benjamin Schall, Chief Executive Officer of AvalonBay Communities and the incoming CEO of Vivmark Residential, commented on the significance of the new name. "The name Vivmark Residential reflects what we are building — a company determined to set a new standard for the experience of home," Schall stated. He emphasized that the merger combines the strengths and reputations established by both AvalonBay and Equity Residential over their 30-plus years in the industry.

The name Vivmark carries dual connotations that resonate deeply with the mission of the new entity. The prefix "viv" derives from the Latin word *vivere*, meaning "to live fully." This element encapsulates the essence of vibrant living, while the term "mark" signifies quality, distinction, and lasting impact. Together, Vivmark Residential symbolizes a commitment to delivering an exceptional standard of living for residents, meaningful opportunities for team members, and a foundation for disciplined, long-term growth and value creation for investors.

Further details regarding Vivmark Residential's branding elements, including its logo, typography, and visual identity, will be unveiled in the coming weeks. Importantly, despite the transition to the new company name, existing community names will remain unchanged upon the merger's completion.

The merger is still subject to customary closing conditions, including approval from the shareholders of both companies. Until the merger is finalized, Equity Residential and AvalonBay will continue to operate as independent entities, with the respective common shares of Equity Residential and AvalonBay listed under the ticker symbols “EQR” and “AVB” on the New York Stock Exchange.

The formation of Vivmark Residential represents a transformative moment in the multifamily real estate industry, combining the strengths of two established leaders to create a powerhouse capable of setting new benchmarks in rental housing. As the merger progresses, all eyes will be on how Vivmark Residential can leverage its resources and expertise to enhance the living experience for its residents while delivering value to its investors.