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NEWS

Paul Hastings Advises Morgan Stanley on Equity Residential’s All-Stock Merger of Equals With AvalonBay Communities

May 26, 2026

Paul Hastings LLP advised Morgan Stanley & Co. LLC, serving as lead financial advisor to Equity Residential (NYSE: EQR), in connection with Equity Residential’s all-stock merger of equals with AvalonBay Communities (NYSE: AVB), creating a combined company with an expected enterprise value of approximately $69 billion and more than 180,000 rental apartments.

Partners Kerry Johnson and Andrew Goodman led the Paul Hastings team, which included associate Nikki Nikova.

More details can be found here.

About Paul Hastings
With widely recognized elite teams across 17 core practices, Paul Hastings is a premier law firm with a culture of excellence focused on providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers and corporations.

Practice Areas

Securities & Capital Markets

Real Estate Capital Markets


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