Venterra Realty completes acquisition of The Townhomes at Lake Park in Pearland, Texas
Nov 27, 2024•about 1 year ago
Acquiring Company
Venterra Realty
Acquired Company
Trevesta Place Apartments
FloridaReal EstateHospitalityHotelDescription
Venterra Realty, a developer, owner, and operator of multifamily apartments, has acquired The Townhomes at Lake Park, a 247-unit garden-style multi-family community located in Pearland, Texas. This strategic acquisition expands Venterra's portfolio in Pearland and reinforces its commitment to providing a market-leading living experience in the area.
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