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The Milestone Group Announces Acquisition Of The Weathersby Apartments In Charlotte, Nc

Sep 05, 2023•over 2 years ago

Acquiring Company

Lucendi

Acquired Company

THE WEATHERSBY APARTMENTS IN CHARLOTTE

Los AngelesInformation TechnologySoftware

Description

The Milestone Group (Milestone) announces its acquisition of The Weathersby Apartments, a 180-unit, fully renovated, market-rate multifamily community at 8415 University Station Circle in Charlotte, NC. The purchase price was not disclosed.

Company Information

Company

Lucendi

Location

11040 SANTA MONICA BLVD.

Los Angeles, California, United States

About

Lucendi, Inc. is a leading innovator and developer of AI-enabled smart measurement platforms for cost-effective and high-performance micro-object detection and characterization. Lucendi technology portfolio and IP are based on computational microscopy and holographic imaging coupled with innovative image processing, big data and machine learning approaches. Lucendi’s core technologies are cost-effective, robust and field-portable, which make them adaptable to a wide variety of applications. Lucendi’s goal is to democratize micro/nano-scale microscopy systems to empower users and to redefine the horizon of application possibilities.

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M&A Insights

Based on deal data
Integration 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