Dec. 4, 2013, 10:17 AM
- A check of other multi-family REITs amid news of a $5B bid for BRE Properties (BRE +12.8%) by Essex (ESS -1.8%).
- Equity Residential (EQR +2.2%), AvalonBay (AVB +2.5%), UDR (UDR +2.5%), Apartment Investment and Management (AIV +4%), Camden (CPT +3.2%), Home Properties (HME +3.3%), Mid-America (MAA +1.7%), Post (PPS +4.7%).
Jun. 3, 2013, 7:02 AMMulti-family consolidation: Colonial Properties Trust (CLP) and Mid America Apartment Communities (MAA) agree to merge, creating a larger Sunbelt-focused apartment REIT. The combined market cap of the two is about $8.6B. Under the terms, each CPT share will be converted in to 0.36 newly-issued MAA share. (PR) | Comment!
MAA vs. ETF Alternatives
Mid-America Apartment Communities is a multifamily focused, self-administered and self-managed REIT. The Company owns, operates, acquires and develops apartment communities in the Southeast and Southwest region of the United States.
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