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Mg Properties Acquires $184.6M Multifamily Deal In San Diego'S Kearny Mesa

Dec 19, 2022over 2 years ago

Acquiring Company

MG Properties

Acquired Company

Quora

Mountain ViewInformation Technology

Description

MG Properties, a private San Diego-based real estate investor, owner, and operator purchased the multifamily community Domain San Diego in a joint venture with Rockwood Capital.

Company Information

Company

MG Properties

About

With over 30 years of experience in the acquisition, development, rehabilitation, and management of apartment communities across the Western United States, we are a trusted partner in the property management industry.

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