Top US Apartment Owners, AvalonBay and Equity Residential, Discuss Real Estate Megamerger

Highlights
AvalonBay Communities Inc. and Equity Residential are considering a potential combination that could reshape the US apartment market, people familiar with the matter said.
A tie-up of AvalonBay and Equity Residential would have broad implications for the US housing market and would likely draw heavy antitrust scrutiny.
Deliberations are at a preliminary stage and there’s no guarantee that they will lead to a transaction, the people said, asking not to be identified discussing confidential information.

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