{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-328612","form_type":"8-K","ticker":"VRMK","cik":"0000931182","company_name":"ERP OPERATING LTD PARTNERSHIP","filed_at":"2026-07-31T20:15:58+00:00","discovered_at":"2026-07-31T20:17:00.425391+00:00","generated_at":"2026-07-31T20:17:07.365831+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Equity Residential and AvalonBay merge in stock-for-stock deal; AvalonBay stockholders to own 51%","bullets":["Each AvalonBay share converts into 2.793 Equity Residential common shares; fixed exchange ratio.","Legacy AvalonBay stockholders expected to own ~51% of combined company; legacy EQR ~49%.","AvalonBay is the accounting acquirer; its senior management will lead the combined entity.","ERP Operating Partnership secured up to $2.0B bridge facility to refinance existing debt and pay merger costs.","Pro forma balance sheet as of June 30, 2026 shows combined total assets of $57.5B."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-328612","json":"https://secwatch.observer/filing/0001193125-26-328612.json","markdown":"https://secwatch.observer/filing/0001193125-26-328612.md","text":"https://secwatch.observer/filing/0001193125-26-328612.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/931182/000119312526328612/0001193125-26-328612-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/906107/000119312526328612/eqr-20260731.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-31T20:17:07.365831+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}