M&A Deal Summary

Sunroad Enterprises Acquires Sonoma Ridge Apartments

On February 11, 2016, Sunroad Enterprises acquired real estate company Sonoma Ridge Apartments for 30M USD

Acquisition Highlights
  • This is Sunroad Enterprises’ 2nd transaction in the Real Estate sector.
  • This is Sunroad Enterprises’ 2nd largest (disclosed) transaction.
  • This is Sunroad Enterprises’ 2nd transaction in the United States.
  • This is Sunroad Enterprises’ 1st transaction in Maryland.

M&A Deal Summary
Date 2016-02-11
Target Sonoma Ridge Apartments
Sector Real Estate
Buyer(s) Sunroad Enterprises
Deal Type Add-on Acquisition
Deal Value 30M USD

Target

Sonoma Ridge Apartments

Baltimore, Maryland, United States
Sonoma Ridge Apartments, Inc. is a provider of real estate amenities include a clubhouse, a resort-style pool, a spa, a dry sauna, a picnic and grill area, a fitness center, a media center, a business center, and a covered playground.

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Buyer(S) 1

Buyer

Sunroad Enterprises

San Diego, California, United States
Category Company
Founded 1977
Sector Diversified
DESCRIPTION

Sunroad Enterprises is a diversified holding company consisting of two distinct divisions: real estate and automotive.

DEAL STATS #
Overall 2 of 2
Sector (Real Estate) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-04 Bristol Bay Apartments

Sparks, Nevada, United States

Bristol Bay Apartments is a provider of real estate amenities include a spacious clubhouse, a resort-style pool, a spa, a sauna, a media center, grilling areas, a fitness center, a lighted sports court, a business center, and a playground.

Buy $36M
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