Source: In These Times
by Rebecca Burns
“A $69 billion merger between two real estate behemoths is set to create the largest publicly traded apartment landlord in U.S. history, dramatically expanding the market power of two firms that have been sued repeatedly over alleged tenant abuses and illegal price-fixing. Together, real estate investment trusts (REITs) AvalonBay Communities and Equity Residential own more than 180,000 apartments nationwide, with another 20,000 under development. Were these two companies banks or broadcast networks or grocery stores, their merger would face mandatory review by federal regulators. But long-standing loopholes exempt real estate mergers from antitrust scrutiny — even as concerns mount about the consolidation of housing in the hands of large investors.” (06/17/26)
https://inthesetimes.com/article/real-estate-monopoly-equity-residential-avalon-bay