TITLE

The Short-Term Risk of the Archstone Deal

AUTHOR(S)
Anderson, Bendix
PUB. DATE
November 2012
SOURCE
National Real Estate Investor Exclusive Insight;11/30/2012, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
84562825

 

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