Clarion Partners And Blackfin Real Estate Investors Venture Acquires 3,564 Unit Sun Belt Portfolio
Jun 01, 2022•over 3 years ago
Acquiring Company
Clarion Partners
Acquired Company
3 564 Unit Sun Belt Portfolio
Financial Services
Description
Clarion Partners, LLC, a leading U.S. real estate investment manager, has acquired a 12-asset portfolio of multifamily communities totaling 3,564 units on behalf of its largest commingled fund in a venture with Blackfin Real Estate Investors, LLC. The assets are located in six high-growth Sun Belt markets including Tampa, FL; Orlando, FL; Melbourne, FL; Charlotte, NC; Wilmington, NC; and Nashville, TN.
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