ORLANDO—“We expect rental rates to rise and to see newer products continue to come on the market.”

MEMPHIS and ATLANTA—The combined company will have 105,000 apartment units located primarily in the Southeast and Southwest, with a market cap of about $17 billion.

CHICAGO—Class A properties have been the standouts, with rental rates in the CBD and suburbs increasing 7.6% and 5% in the past year.

ORLANDO—In 1910, the state had a population of one million people. By 1980 it had grown to 10 million.