AvalonBay, Equity Residential to divest two buildings in settlement with Massachusetts AG (VMRK:NYSE)
7 Articles
7 Articles
Boston AG approves AvalonBay, Equity Residential merger - Boston ...
Massachusetts AG Orders Post-Merger Sale of Two Boston Apartment Towers
Two Boston apartment towers in the portfolio of newly merged Vivmark Residential will be sold under an agreement between Massachusetts Attorney General Andrea Joy Campbell and the merger partners, Equity Residential and AvalonBay Communities. The agreement to sell the two-building Emerson Place is intended to ensure that the merger will not substantially reduce competition in the mid-rise and high-rise multifamily rental housing market in downto…
Massachusetts Settlement Requires Vivmark to Sell Two Boston Apartment Buildings
Vivmark Residential will divest two apartment buildings in downtown Boston under a settlement with Massachusetts Attorney General Andrea Joy Campbell following the merger of AvalonBay Communities and Equity Residential. The two real estate investment trusts completed their merger Monday, creating Vivmark. The Massachusetts Attorney General’s Office said Tuesday that its preliminary investigation raised concerns that the combination could substan…
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