▲ 103 r/nova
Equity Residential, AvalonBay to merge in mega US real estate deal
I feel like this is getting virtually no attention. Two of the biggest housing rental companies are merging forming the largest rental company in the country. We are in the middle of a housing affordability crisis and two of the biggest rental companies in the region are merging. Precisely at a time when more competition is needed, housing is consolidated further. Surely, this wont result in tenants getting squeezed for even more money.
u/ilovetotouchsnoots — 1 day ago