AvalonBay, Equity Residential Among Those Inking Deals With Amazon

10/18/17

Previously: Amazon takes Lockers concept to apartment buildings (Oct. 17)

Several of the country's largest landlords have signed on to the so-called Amazon Hub project, including AvalonBay (AVB +0.1%), Equity Residential (EQR -0.9%), Greystar, and Bozzuto Group, according to the WSJ report.

Most apartment owners say dealing with mountains of packages courtesy of Amazon is the single-largest problem they face. Should the Amazon deal work out, one could imagine costs for landlords coming down at least a bit as things become far more automated (though they will have to pay $10K-$20K upfront to purchase lockers).

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