M&A Deal Summary

Beacon Communities Acquires National Development

On September 25, 2017, Beacon Communities acquired real estate company National Development

Acquisition Highlights
  • This is Beacon Communities’ 1st transaction in the Real Estate sector.
  • This is Beacon Communities’ 1st transaction in the United States.
  • This is Beacon Communities’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2017-09-25
Target National Development
Sector Real Estate
Buyer(s) Beacon Communities
Deal Type Add-on Acquisition

Target

National Development

Pittsburgh, Pennsylvania, United States
National Development Corp. is a provider of real estate services. National Development was founded in 1969 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Beacon Communities

Boston, Massachusetts, United States
Category Company
Sector Real Estate
DESCRIPTION

Beacon Communities LLC is a full-service real estate company. Beacon owned approximately 12,200 apartments across 60 communities throughout New England, Pennsylvania, Maryland, Virginia, and New York. In August 2016, Beacon opened an office in Albany, New York as a result of the acquisition of an Albany based development company.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
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