M&A Deal Summary

AvalonBay Communities and Equity Apartments Acquire Archstone Enterprise

On February 27, 2013, AvalonBay Communities and Equity Apartments acquired real estate company Archstone Enterprise for 16.0B USD

Acquisition Highlights
  • This is AvalonBay Communities’ 12th and Equity Apartments’ 2nd transaction in the Real Estate sector.
  • This is AvalonBay Communities’ and Equity Apartments’ largest (disclosed) transaction.
  • This is AvalonBay Communities’ 12th and Equity Apartments’ 2nd transaction in the United States.

M&A Deal Summary
Date 2013-02-27
Target Archstone Enterprise
Sector Real Estate
Buyer(s) AvalonBay Communities
Equity Apartments
Deal Type Add-on Acquisition
Deal Value 16.0B USD

Target

Archstone Enterprise

United States
Archstone Enterprise LP (“Archstone”), which consist principally of a portfolio of high quality apartment communities in major markets in the United States,

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Buyer(S) 2

Buyer

AvalonBay Communities

Arlington, Virginia, United States
Category Company
Sector Real Estate
Employees2,978
Revenue 2.8B USD (2023)
DESCRIPTION

AvalonBay Communities develops, redevelops, acquires, and manages high-quality apartment communities in the high barrier-to-entry markets of the United States. The Company has several communities under construction and reconstruction, as well as holding future development rights for other communities. AvalonBay Communities is based in Arlington, Virginia.

DEAL STATS #
Overall 12 of 13
Sector (Real Estate) 12 of 13
Type (Add-on Acquisition) 12 of 13
Country (United States) 12 of 13
Year (2013) 1 of 1
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 Yale Village Townhomes

Rockville,, Maryland, United States

Yale Village Townhomes, a community of 210 rental townhomes. Good schools, transit, employment and shopping are all within close proximity.the community consists of 100% direct-entry rental townhome product averaging 1,923 SF per home.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Market Common Clarendo

Arlington, Virginia, United States

Market Common Clarendo is an operator of shopping centers.

Buy $406M
Buyer

Equity Apartments

Chicago, Illinois, United States
Category Company
Sector Real Estate
Employees2,400
Revenue 2.9B USD (2023)
DESCRIPTION

Equity Apartments is a real estate investment trust (REIT) focused on the acquisition, development and management of apartment properties in the United States growth markets. Equity Apartments is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Real Estate) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (United States) 2 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-19 Merry Land & Investment

Chicago, Illinois, United States

Merry Land & Investment Co. a real estate company.

Buy -
Mergr

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