Robbins Property Associates Announces Luxurious Class A Multifamily Acquisition In Jacksonville, Florida

Aug 18, 2021•almost 4 years ago

Acquiring Company

Robbins Property Associates

Acquired Company

Class A

Description

Robbins Property Associates ("RPA"), a Tampa-based vertically integrated multifamily owner and operator, has acquired the SoBA Luxury Apartments, one of Jacksonville's newest downtown residential developments. Robbins Property Associates acquired the property from Atlanta-based Catalyst Development Partners.

Company Information

Company

Robbins Property Associates

About

Robbins Property Associates (RPA) is a vertically integrated real estate private equity firm that combines experienced and proven investment capability with a best-in-class team of real estate operations professionals. Founded in 2009 with the objective to provide superior resident service, it has become a leader in the multi-family housing investment and management industry. The company currently owns and operates 22 properties totaling over 5,700 units in Florida. Headquartered in Tampa, FL, and Boston, MA, Robbins Property Associates maintains the same determination towards excellence in employee satisfaction. They have been named a Top 100 Workplaces employer by the Tampa Bay Times seven times since 2013. The combined years of property management experience accumulated by their onsite and corporate staff provide RPA with its competitive edge, and it is why RPA is a leader in the property management industry. For more information about Robbins Property Associates, visit http://www.RobbinsPropertyLLC.com.

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