First National Realty Partners acquires Fountain Hills Plaza to expand Arizona footprint
Aug 13, 2024•over 1 year ago
Acquiring Company
First National Realty Partners
Acquired Company
First National Realty Partners
Description
First National Realty Partners (FNRP), a leading national private equity commercial real estate firm, has announced the acquisition of Fountain Hills Plaza, a 111,284-square-foot shopping center in affluent Fountain Hills, Arizona. This marks FNRP's second acquisition in the state and continues its national expansion efforts, aligning with their commitment to expanding in key markets.
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