A real estate mega-merger triggered the purchases of at least seven apartment complexes in the South Bay and East Bay for a combined total that tops $700 million, public documents show.
As of Aug. 24, purchases related to the merger of real estate firms Avalon Bay and Equity Residential involved seven apartment complexes with a combined 1,843 residential units in Mountain View, Fremont, Campbell, Union City and Dublin, a review of multiple property databases shows.
The merger created a new company called Vivmark Residential, valued at roughly $70 billion around the time of the deal’s completion. Affiliates of Vivmark now own more than 180,000 rental apartments with another 10,000-plus units under construction…