Ascendant Capital Partners and Culver Investment Partners complete acquisition of Elle Collection portfolio in Houston's Medical Center
Apr 08, 2024•over 1 year ago
Acquiring Company
Ascendant Capital Partners
Acquired Company
Elle at the Medical Center
Description
Ascendant Capital Partners and Culver Investment Partners have announced the acquisition of the Elle Collection portfolio in Houston’s Texas Medical Center area for approximately $60 million. This strategic acquisition aligns with their investment focus on acquiring well-located residential assets in high-growth markets with strong fundamentals.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed