The Short-Term Risk of the Archstone Deal

Anderson, Bendix
November 2012
National Real Estate Investor Exclusive Insight;11/30/2012, p1
Trade Publication
The article focuses on the deal signed by Equity Residential and AvalonBay Communities Inc. with Lehman Brothers Holdings Inc. for the acquisition of the assets and liabilities of Archstone Enterprise LP. The deal is valued at about 16 billion dollars. Chris Wimmer of Moody's explains why the deal poses a short-term risk for both companies. Tim Naughton of AvalonBay notes that the company intended to penetrate the high-barrier-to-entry core coastal markets.


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