Avalon Bay, Equity Residential Load Up On Bay Area Apartments

By Jon Peterson Arlington, Va., -based AvalonBay Communities Inc. and Chicago’s Equity Residential will each own well in excess of 10,000 San Francisco Bay Area apartments following their planned joint purchase of Englewood, Colo.’s, Archstone Enterprise L.P. from Lehman Brothers Holdings. Before the sale, AvalonBay owned or held an interest in 28 Northern California complexes […]