On November 13, 2026, Vivmark Residential (formerly Equity Residential) filed a Current Report on Form 8-K to provide unaudited pro forma financial information following a reverse merger with AvalonBay Communities, Inc. The transaction, which closed on August 17, 2026, resulted in the company changing its name to Vivmark Residential. Under the terms of the merger agreement, each outstanding share of AvalonBay common stock was converted into 2.793 shares of Vivmark Residential common stock. This exchange resulted in legacy Equity Residential shareholders and former AvalonBay stockholders owning approximately 49% and 51% of the company, respectively.
The merger was accounted for as a reverse acquisition, meaning Equity Residential was the legal acquirer while AvalonBay was treated as the accounting acquirer. This treatment was driven by the fact that legacy AvalonBay stockholders hold the largest portion of the ownership percentage and that legacy AvalonBay senior management, including its Chief Executive Officer and President, comprise the majority of the executive management team. Consequently, the historical consolidated financial statements reflect the historical financial results of AvalonBay prior to the closing date and the combined results of both companies subsequent to the closing.
The filing includes unaudited pro forma condensed consolidated statements of operations for the year ended December 31, 2025, and the nine months ended September 30, 2026. These statements combine the historical results of operations of AvalonBay and Equity Residential, adjusted for the merger and related transactions. For the nine months ended September 30, 2026, the pro forma total revenues were $4,703.4 million, with total expenses of $4,454.4 million. For the year ended December 31, 2025, pro forma total revenues were $6,135.4 million, and total expenses were $7,208.9 million.
The company also disclosed that ERP Operating Limited Partnership (ERPOP) is the sole general partner of Vivmark Residential. As of September 30, 2026, Vivmark Residential owned an approximate 98.7% ownership interest in ERPOP, with the remaining 1.3% held by limited partners. Additionally, the filing notes that the 7.57% Notes due August 15, 2026, issued by ERPOP were repaid at maturity on August 17, 2026, and the delisting of these notes from the New York Stock Exchange became effective on August 27, 2026.
