M&A Deal Summary

Equity Apartments Acquires Merry Land & Investment Co.

On August 19, 1998, Equity Apartments acquired real estate company Merry Land & Investment Co.

Acquisition Highlights
  • This is Equity Apartments’ 1st transaction in the Real Estate sector.
  • This is Equity Apartments’ 1st transaction in the United States.
  • This is Equity Apartments’ 1st transaction in Illinois.

M&A Deal Summary

Date 1998-08-19
Target Merry Land & Investment Co.
Sector Real Estate
Buyer(s) Equity Apartments
Deal Type Add-on Acquisition

Target

Merry Land & Investment Co.

Chicago, Illinois, United States
Merry Land & Investment Co. a real estate company.

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Buyer(S) 1

Buyer

Equity Apartments

Chicago, Illinois, United States

Category Company
Sector Real Estate
Employees2,500
Revenue 3.0B USD (2024)
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 1 of 2
Sector: Real Estate M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 2
Year: 1998 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-27 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,

Buy $16.0B