M&A Deal Summary

Regency Centers and AvalonBay Communities Acquire Market Common Clarendo

On May 16, 2016, Regency Centers and AvalonBay Communities acquired real estate company Market Common Clarendo for 406M USD

Acquisition Highlights
  • This is Regency Centers’ 8th and AvalonBay Communities’ 13th transaction in the Real Estate sector.
  • This is Regency Centers’ 3rd and AvalonBay Communities’ 2nd largest (disclosed) transaction.
  • This is Regency Centers’ 8th and AvalonBay Communities’ 13th transaction in the United States.
  • This is Regency Centers’ 1st and AvalonBay Communities’ 1st transaction in Virginia.

M&A Deal Summary
Date 2016-05-16
Target Market Common Clarendo
Sector Real Estate
Buyer(s) Regency Centers
AvalonBay Communities
Deal Type Add-on Acquisition
Deal Value 406M USD

Target

Market Common Clarendo

Arlington, Virginia, United States
Market Common Clarendo is an operator of shopping centers.

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Buyer(S) 2

Buyer

Regency Centers

Jacksonville, Florida, United States
Category Company
Sector Real Estate
Employees492
Revenue 1.3B USD (2023)
DESCRIPTION

Regency Centers is a national owner, operator and developer of high-quality, grocery-anchored neighborhood and community shopping centers. Regency Centers is based in Jacksonville, Florida.

DEAL STATS #
Overall 8 of 12
Sector (Real Estate) 8 of 12
Type (Add-on Acquisition) 5 of 8
State (Virginia) 1 of 1
Country (United States) 8 of 12
Year (2016) 1 of 1
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-18 AmREIT

Houston, Texas, United States

AmREIT, Inc. is a real estate investment trust that specializes in the acquisition, operation, redevelopment, and vertical densification of retail and mixed-use properties located in highly affluent, urban submarkets.

Sell $763M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Equity One

New York, New York, United States

Equity One is a shopping center developer and owner focused on urban communities. Equity One’s strategy is to develop, redevelop and invest in "A" quality retail properties in the most desirable and productive urban markets in the United States.

Buy -
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 13 of 13
Sector (Real Estate) 13 of 13
Type (Add-on Acquisition) 13 of 13
State (Virginia) 1 of 1
Country (United States) 13 of 13
Year (2016) 1 of 1
Size (of disclosed) 2 of 13
PREVIOUS 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
Mergr

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