Vivmark Transfers $742M California Multifamily Portfolio from Avalon [Updated]
The new apartments are approximately 1,843 units within the Vivmark portfolio, which spans more than 180,000 units across the country
By Brian Pascus August 27, 2026 12:58 pm
reprints
Following a generational merger, the largest apartment real estate investment trust (REIT) in the business just made things a little more official.
Days after AvalonBay Communities and Equity Residential completed their $71 billion merger — the largest merger of publicly traded REITs in history — the new firm, Vivmark Residential, has transferred seven apartment complexes in Northern California near San Francisco, totaling more than 1,800 units, at a value of $741.8 million into the new company.
The Mercury News first reported the transfer to Vivmark Residential, a public entity that now boasts a portfolio in excess of 180,000 rental apartment units.
The properties include Avalon Campbell, a 348-unit complex at 508 Railway Avenue in Campbell, Calif., valued at $147.3 million; Avalon Towers on the Peninsula, a 238-unit complex at 2400 West El Camino Real in Mountain View, Calif., valued at $140.4 million; Avalon Fremont, a 308-unit complex at 39939 Stevenson Common in Fremont, Calif., valued at $124.3 million; Eaves Creekside, a 300-unit apartment at 151 Calderon Avenue in Mountain View, Calif., valued at $117.3 million; Eaves Fremont, a 237-unit complex at 231 Woodcreek Common in Fremont valued at $88.9 million; Eaves Dublin, a 204-unit apartment at 7904 Fall Creek Road in Dublin, Calif., valued at $64.6 million; and Eaves Union City, a 208-unit complex at 2175 Decoto Road in Union City, Calif., valued at $59.1 million.
Brad Dillman, founder and principal of Florey Street Advisors, told CO after the merger was announced that both AvalonBay and Equity had “enormous coastal exposure across both firms,” and that “they overlap in like 95 percent of their geographies.”
Vivmark Residential did not respond to requests for comment by press time
Correction: This was initially reported as a sale, but it was actually a transfer of property into the new entity.
Brian Pascus can be reached at bpascus@commercialosberver.com.
