Anthony LoPinto Anthony LoPinto

The REIT world and the multifamily sector were abuzz over the Wall Street Journal’s article announcing Mid-America Apartment‘s acquisition of Post Properties. The merger will put Mid-America on the map as a major player in the multifamily sector and create the largest multifamily REIT by number of units with more than 100,000 across 317 properties. It will also mark the end of Post’s 23-year stint as an underperforming public company.

The merger signals the likelihood of more M&A activity in the REIT space, and it makes sense when one considers the operational and G&A efficiencies that will accrue to the merged company. The strong Mid-America/Post combination is expected to wring out $20 million in operational savings and a strong market positioning across 15 Sunbelt states.

But mergers, if not managed carefully, can stumble and lose some of the underlying advantages of the integration at the management and operational level. Integrations are a tricky business, so let’s see how Mid-America fares as it begins its new journey.  

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