Security Properties completes acquisition of SKY Sammamish Apartments to expand its residential portfolio
Aug 29, 2024•over 1 year ago
Acquiring Company
Security Properties
Acquired Company
SKY Sammamish Apartments
SammamishReal EstateDescription
Security Properties has successfully purchased the SKY Sammamish Apartments, a 159-unit multifamily property situated in the highly desirable suburb of Sammamish, Washington. This strategic acquisition aligns with Security Properties' investment thesis of identifying newer-vintage assets in markets with high barriers to entry and a diverse mix of stable drivers, further strengthening its portfolio 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