Cove Capital Investments Acquires an All-Cash / Debt-Free Retail Center for Its Eastwood Village Opportunity 71 DST
Feb 21, 2024•almost 2 years ago
Acquiring Company
Cove Diversified Portfolio 94 DST
Acquired Company
Cove Diversified Portfolio 94 DST
BirminghamBirminghamDescription
Cove Capital Investments, LLC has completed the acquisition of an all-cash / debt-free multi-tenant retail center in Birmingham, AL. The acquisition contributes to Cove's growing portfolio of debt-free real estate assets and is part of its value-add strategy to potentially increase net operating income and property value. This acquisition further cements Cove as a leading provider of Delaware Statutory Trust properties for accredited investors.
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