Archstone acquisition deal is largest CRE transaction since 2007

The $16 billion acquisition of Archstone is the biggest transaction in the commercial real estate space since Blackstone Group acquired Hilton Hotels in 2007. The partnering of two rival REITs to acquire the company –- Equity Residential and AvalonBay –- surprised many observers. The deal is indicative of the still-robust strength in the multifamily market.

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