REITs and Real Estate
REITs and Real Estate Healthcare and Housing
Seniors Housing Occupancy Change
Welltower SHO +400 bps and Ventas SHOP +300 bps in Q4 2025. Same direction, different books. Absolute Welltower occupancy is not on this card.
Housing Occupancy Prints
Invitation Homes, Camden, and Ventas SHOP. Definitions differ. Do not read this as one national apartment vacancy series.
Vivmark Close
Equity Residential plus AvalonBay closed August 17, 2026. More than 184,000 apartments. Trading as VMRK from August 18.
| Item | |
|---|---|
| Close date | August 17, 2026 |
| First trade as VMRK | August 18, 2026 |
| Headquarters | Chicago and Arlington, Virginia |
| Equity market capitalization (at close) | about $51B |
| Enterprise value (at close) | about $70B |
| Rental apartments | more than 184,000 |
| Apartments under construction | more than 11,100 |
| Active development capital | over $4.4B |
| Ownership split | AVB holders ~51%; EQR holders ~49% |
| Exchange ratio | 2.793 VMRK shares per AVB share |
| CEO | Benjamin Schall (former AvalonBay CEO) |
| Chairman | Stephen Sterrett |
