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Mg Properties Acquires 333-Unit Milpitas, Ca Community For $193M

Jul 27, 2022about 3 years ago

Acquiring Company

MG Properties

Acquired Company

333-unit MilpitasCommunity

Description

MG Properties, a private San Diego-based real estate investor, owner, and operator purchased Eleanor Apartments, a 333-unit community Milpitas, CA for $193 million.

Company Information

Company

MG Properties

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