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# Passco Companies

Passco is a trusted 1031 DST exchange expert with $8B in acquisitions and 26+ years of experience. Explore premier real estate investment opportunities.

## Sitemaps

- [XML Sitemap](https://www.passco.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [From Brand to Ambassador: Stacy Stemen's Passco Journey](https://www.passco.com/from-brand-to-ambassador-stacy-stemens-passco-journey/) - Stacy Stemen Senior Vice President of Strategic Relations Stacy Stemen is a real estate industry marketing specialist. Throughout her 20-year marketing career, she has successfully driven brand growth and business development for several national companies. As Senior Vice President, Strategic Relations for Passco Companies. In this role, she spearheads the development of the Passco brand
- [Conversations with the Experts: Alan Clifton on Leadership, Innovation, and Operational Excellence](https://www.passco.com/conversations-with-the-experts-alan-clifton-on-leadership-innovation-and-operational-excellence/) - Alan Clifton, Chief Operating Officer Alan Clifton is a real estate acquisitions, finance and management expert with more than three decades of experience. As Chief Operating Officer for Passco Companies, Mr. Clifton’s responsibilities include implementation and focus on operational excellence and efficiency, resource management and cross-functional collaboration both internally and externally driving and maximizing organizational
- [Protecting Value Through Development: A Conversation with Carey Levy](https://www.passco.com/protecting-value-through-development-a-conversation-with-carey-levy/) - Carey Levy President, Passco Companies Development Mr. Levy serves as the President of Passco Companies Development and is an integral member of the executive team. Mr. Levy has been instrumental in addressing policies that promote the company’s culture and vision, as well as championing comprehensive goals and strategic planning for performance and growth. He is
- [Inside Escrow at Passco: Lynne Beverly on Detail, Discipline, and Investor Care](https://www.passco.com/inside-escrow-at-passco-lynne-beverly-on-detail-discipline-and-investor-care/) - Lynne Beverly Senior Director Escrow Lynne Beverly has worked with Passco Companies since 2004 and has been in the Real Estate Industry for 33 years. As Sr. Director of Escrow, Lynne works closing with our Investors, Qualified Intermediaries and Registered Representatives providing a seamless, efficient close and strong emphasis on compliance for our clients. She
- [Expanding our "Deal Flow" -- Looking for Additional Opportunities in New Marketplaces](https://www.passco.com/expanding-our-deal-flow-looking-for-additional-opportunities-in-new-marketplaces/) - Colin Gillis, Chief Investment Officer Colin Gillis has twenty years of experience in the multifamily industry. As Chief Investment Officer for Passco Companies, Mr. Gillis is responsible for directing the firm’s nationwide multifamily acquisition efforts. During his ten years with Passco, Mr. Gillis has acquired nearly 17,000 units across 55 transactions in eleven states for
- [Multifamily Investment Strategy in a Post-Supply Surge Market](https://www.passco.com/multifamily-investment-strategy-in-a-post-supply-surge-market/) - Colin Gillis, Chief Investment Officer Colin Gillis has twenty years of experience in the multifamily industry. As Chief Investment Officer for Passco Companies, Mr. Gillis is responsible for directing the firm’s nationwide multifamily acquisition efforts. During his ten years with Passco, Mr. Gillis has acquired nearly 17,000 units across 55 transactions in eleven states for
- [Leadership Spotlight: Meet Passco’s Chief Legal Officer, Tom Voekler](https://www.passco.com/leadership-spotlight-meet-passcos-chief-legal-officer-tom-voekler/) - Tom Voekler Chief Legal Officer, Passco Companies Mr. Voekler has been practicing law for more than 20 years. As Chief Legal Officer, Mr. Voekler oversees all legal, risk, compliance and regulatory functions and supporting Passco Companies’ growth initiative, governance framework and executive leadership team. Prior to joining Passco Companies, he was a partner at the
- [Putting Investors First: Communication You Can Trust](https://www.passco.com/putting-investors-first-communication-you-can-trust/) - Nicole Fullerton Senior Vice President, Investor Services Nicole Fullerton has worked at Passco Companies since 2002, gaining more than 20 years of experience in real estate client relations. As Senior Vice President, Investor Services, Ms. Fullerton oversees all communications with Passco Companies’ investors and such investors’ registered representatives. Ms. Fullerton leads the investor services team,
- [Passco Companies Appoints Stacy Stemen as Senior Vice President of Strategic Relations](https://www.passco.com/passco-companies-appoints-stacy-stemen-as-senior-vice-president-of-strategic-relations/) - Irvine, Calif. — November 4, 2025 — Passco Companies, a leading national real estate investment firm, is proud to announce the appointment of Stacy Stemen as Senior Vice President of Strategic Relations. In this newly defined role, Stemen will lead the company’s strategic growth initiatives through the cultivation and expansion of business development efforts, and oversight of the Passco
- [Passco Makes Top Multifamily Owners List](https://www.passco.com/passco-makes-top-multifamily-owners-list/) - Read how Passco earned its spot on Multi-Housing News' Top Multifamily Owners list, reflecting commitment and industry-leading initiatives.
- [CPE 2024 Top Commercial Real Estate Owners](https://www.passco.com/2024-cpe-2024-top-commercial-real-estate-owners/) - Passco secures a top spot for 2024 among leading commercial real estate owners. Read about this honor and our commitment to excellence in the industry.
- [Passco Plants Trees in Honor of Employees](https://www.passco.com/passco-plants-trees-in-honor-of-employees/) - At Passco, we believe in creating a positive impact—not just in our communities, but for the planet we all share. In celebration of Earth Day, we’ve planted a tree in honor of each and every one of our employees. It’s a small gesture with a big purpose: restoring ecosystems, supporting biodiversity, and investing in a
- [A Legislative Update on Section 1031 Like-Kind Exchanges](https://www.passco.com/a-legislative-update-on-section-1031-like-kind-exchanges/) - Learn key considerations for Section 1031 exchanges amid ongoing tax reforms. Larry Sullivan offers valuable perspectives for investors and professionals.
- [1031 Exchanges Pertain To More Than Real Estate](https://www.passco.com/1031-exchanges-pertain-to-more-than-real-estate/) - Used by industries as diverse as rental cars and farming, 1031 exchangesaffect a broader swath of the business world than many commercial real estateexecutives realize, making them an even more significant part of the tax-reform issue, Passco Cos.’ president Larry Sullivan tells GlobeSt.com. With tax reform being a hot-button issue right now—and one of concern to the CRE industry—we spoke
- [Test Post about DST](https://www.passco.com/test-post-about-dst/) - dfsdfdsfsdfsdfsdf
- [Passco Acquires New, Best-In-Class Multifamily Community in Gainesville, Georgia for $65 Million](https://www.passco.com/passco-acquires-new-best-in-class-multifamily-community-in-gainesville-georgia-for-65-million/) - Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., has acquired The Mill at New Holland, a new, best-in-class multifamily property located in Gainesville, Georgia, 40 miles northeast of Atlanta. The 284-unit, highly amenitized community, which was completed in 2020, was
- [Passco Companies Strengthens Foothold in Louisiana with Acquisition of Two Luxury Multifamily Communities Totaling 600-Units](https://www.passco.com/passco-companies-strengthens-foothold-in-louisiana-with-acquisition-of-two-luxury-multifamily-communities-totaling-600-units/) - Passco Companies, a privately held California-based commercial real estate company that specializes in real estate acquisition, development, and asset management throughout the U.S., has acquired two luxury multifamily communities totaling 602 units: Canal 1535, a 330-unit asset in Downtown New Orleans, and Sawgrass Point, a 272-unit asset in the Baton Rouge metropolitan area submarket of
- [Passco Buys 278-Unit St. Louis Community](https://www.passco.com/passco-buys-278-unit-st-louis-community/) - KeyBank originated a $33.7 million Fannie Mae loan for the acquisition Passco Cos. has purchased Cortona at Forest Park, a 278-unit community in St. Louis, from Invesco Real Estate. JLL Capital Markets facilitated the transaction, while KeyBank Real Estate Capital originated a $33.7 million Fannie Mae loan, public records show. The purchase price could not
- [Passco Sells Tampa-Area Community for $115M](https://www.passco.com/passco-sells-tampa-area-community-for-115m/) - Passco Cos. has sold off another one of its Florida communities. The company sold Longitude 82 Apartments, a 360-unit community in Sarasota, Fla., for $115 million to an undisclosed buyer. JBM Institutional Multifamily Advisors brokered the sale of the community for the second time since it was built in 2017. The Class A community is
- [Passco, Greystone Purchase Independent Living Community in Knoxville](https://www.passco.com/passco-greystone-purchase-independent-living-community-in-knoxville/) - 145-unit Former Prime West Knoxville rebranded as Trustwell Living of West Knoxville. Passco Companies in conjunction with Greystone, has acquired a Class A Independent Living Community in Knoxville TN. Greystone provided the funding while Passco Companies will be the owner and asset manager. Trustwell Living will manage the property. The community is located at 1932 Falling
- [Second Women’s VIP Brunch Brings Multifamily Women Together at NMHC Conference](https://www.passco.com/second-womens-vip-brunch-brings-multifamily-women-together-at-nmhc-conference/) - In 2019, Stacy Stemen, SVP of corporate marketing and business development at Passco Companies; Gina Johnson, VP of institutional sales at iApartments; and Janis Rossi, SVP of Marketing at Pay Ready devised a plan to host an exclusive event during NMHC’s Annual Meeting where women in multifamily could connect, network, and give back to a
- [Passco Adds Vice President of Marketing](https://www.passco.com/passco-adds-vice-president-of-marketing/) - Passco Companies LLC, a sponsor of Delaware statutory trust offerings and other alternative investments, announced the addition of Clayton Coleman as vice president of marketing. Coleman, who has nearly 10 years of experience in the real estate industry, joins Passco from RK Properties, where he served as director of sales for the company’s central and
- [Dynamic Insights: Multifamily Marketing](https://www.passco.com/dynamic-insights-multifamily-marketing/) - Passco’s Senior Vice President of Corporate Marketing & Development, Stacy Stemen, joined Mike Wolber, Chief Revenue Officer at Rent Dynamics and Host of the Modern Multifamily Podcast for a live and in-person interview at the 2023 Multifamily Social Media Summit in Napa Valley. Wolber describes Stemen as having “an incredible background leading initiatives in multiple
- [In Loving Memory of John W. “Jack” Fitzgibbon](https://www.passco.com/in-loving-memory-of-john-w-jack-fitzgibbon/) - It is with heavy hearts that we announce the passing of our dearest friend and esteemed colleague, John “Jack” Fitzgibbon, Senior Vice President & General Counsel at Passco Companies. Jack Fitzgibbon was an integral part of our Passco Family and we remember him as an outstanding individual who has made an impact on our company
- [Passco Travels Back in Time to Celebrate 25th Anniversary](https://www.passco.com/passco-travels-back-in-time-to-celebrate-25th-anniversary/) - Passco Companies recently celebrated its 25th anniversary. To commemorate the occasion, the Passco team traveled from their Irvine headquarters to the site of the transaction that put the company on the map: a 1031 exchange acquisition of the Puente Hills Mall in City of Industry. The 2003 deal, involving Passco and 32 other investors, was
- [Passco’s 25th Anniversary Celebration Continues in Style](https://www.passco.com/7163-2/) - At Passco, we work hard and play harder! We continued the celebration of our 25 years in business with a spectacular summer party that left everyone buzzing with excitement. This years’ party was a testament to our success and growth over the years, as well as an opportunity to express gratitude to all those who
- [Passco Sells Southwest Florida Community for $102M](https://www.passco.com/passco-sells-southwest-florida-community-for-102m/) - Goldelm has purchased ParkCrest Landings, a 400-unit community in Bradenton, Fla., for $102 million. JBM Institutional Multifamily Advisors represented the seller, Passco Cos. Arbor Realty Trust provided a $62 million loan with a September 2024 maturity date, according to public records. Yardi Matrix data shows that the buyer also assumed an existing $48.8 million Fannie
- [Passco Closes On Largest Apartment Acquisition In Passco History](https://www.passco.com/passco-closes-on-largest-apartment-acquisition-in-passco-history/) - 303-unit Luxury Multifamily Community in Knoxville, TN trades for $120.7M Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., in conjunction with its joint venture partner, Greystone, a national commercial real estate finance and investment company, has acquired One Riverwalk, a
- [Celebrating Three Years of Empowerment: Annual Women's VIP Brunch at NMHC](https://www.passco.com/celebrating-three-years-of-empowerment-annual-womens-vip-brunch-at-nmhc-annual/) - In the traditionally male-dominated realm of commercial real estate, Stacy Stemen, the Senior Vice President of Corporate Marketing and Development at Passco Companies, is recognized for her visionary initiative. Three years ago, she spearheaded the creation of the Women's VIP Brunch, an event designed to unite and empower women professionals within the industry. Now in
- [Larry Sullivan Speaks at UCI’s Paul Merage School of Business Center for Real Estate Breakfast Meeting](https://www.passco.com/larry-sullivan-speaks-at-ucis-paul-merage-school-of-business-center-for-real-estate-breakfast-meeting/) - University of California, Irvine’s Paul Merage School of Business Center for Real Estate kicked off the New Year with an insightful Breakfast Meeting held at the Pacific Club in Newport Beach. Titled "The Great Repositioning of CRE, Money, and Assets," the event drew real estate enthusiasts, professionals, and students alike. The panel, comprised of Orange
- [Passco Companies Shares Social Media Marketing Expertise with Newport Harbor High School Students](https://www.passco.com/passco-companies-shares-social-media-marketing-expertise-with-newport-harbor-high-school-students/) - Passco recently extended its commitment to community engagement by providing invaluable insights into the world of social media marketing. Stacy Stemen, Passco's Senior Vice President of Corporate Marketing & Development, lead a conversation around social media marketing at Newport Harbor High School in Orange County, addressing the ASB students interested in practicing effective digital marketing
- [Passco Supports the 2022 Komen Orange County MORE THAN PINK Walk](https://www.passco.com/passco-supports-the-2022-komen-orange-county-more-than-pink-walk/) - September 25, 2022 “We walk for the people who can't: for those too weakened by treatment to join. For those who are suffering. For those we have lost. Together we will fight back against breast cancer.” On September 25th, we gathered together as ONE at the Orange County MORE THAN PINK Walk to support Susan
- [Passco Welcomes UCI Students at Corporate Office](https://www.passco.com/passco-welcomes-uci-students-at-corporate-office/) - February 22, 2023 Passco Companies held its annual Executive Roundtable for the University of California, Irvine’s Center for Real Estate. The event brought together some of the most prominent commercial real estate executives in Orange County to provide valuable career information and advice to the Center for Real Estate students. Passco Companies presented Larry Sullivan,
- [Enhancing Community Performance: Unveiling the Power of Passco Road Shows](https://www.passco.com/enhancing-community-performance-unveiling-the-power-of-passco-road-shows/) - June 6, 2023 In the realm of property management, the pursuit of excellence is a never-ending journey. As regional and community managers strive to deliver exceptional results, embracing best practices becomes crucial. Enter: Passco Road Shows – an innovative initiative designed to bring together multiple departments, foster collaboration, and empower management teams with the knowledge
- [Multifamily Leadership Recognizes Passco Companies as the Best Place to Work in Multifamily for Women](https://www.passco.com/multifamily-leadership-recognizes-passco-companies-as-the-best-place-to-work-in-multifamily-for-women/) - December 8, 2021 Passco Companies has ranked #1 in the nationwide Top 35 Best Places to Work Multifamily® for Women. This is an exciting list based on data gathered from the research conducted through the national Best Places to Work Multifamily® program. The only way to earn a rank on this prestigious list is to
- [Passco IDs Baton Rouge’s Potential with $130M Multifamily Buys](https://www.passco.com/passco-ids-baton-rouges-potential-with-130m-multifamily-buys/) - December 7, 2021 Passco Companies has purchased two multifamily communities in Baton Rouge, LA submarkets for a combined $130 million. The Class A properties span 552 units and bring the firm’s year-to-date volume to $792 million. Passco acquired 276-unit Tapestry Long Farm from Arlington Properties and 276-unit Sweetwater Apartment Homes from Stoa Group. Arlington Properties
- [Greystone Forms JV with Passco Cos. for DST Investment Sector](https://www.passco.com/greystone-forms-jv-with-passco-cos-for-dst-investment-sector/) - January 20, 2022 Greystone, a national commercial real estate finance company, and Passco Cos., a privately held California-based commercial real estate company specializing in real estate acquisition, development and asset management throughout the United States, have announced a strategic alliance to provide their respective clients and investors with enhanced benefits surrounding the Delaware Statutory Trust (DST) commercial real
- [Passco Hosts "MBA to Executive Roundtable" Event](https://www.passco.com/passco-hosts-mba-to-executive-roundtable-event/) - February 24, 2022 The University of California, Irvine advisory board member Passco Companies hosted an in-person meeting entitled “MBA to Executive Roundtable” at Passco’s corporate headquarters in Irvine. The event featured speakers from different industry backgrounds who shared tips on getting hired in the remote world, insights into their careers and thoughtful advice. Students and
- [Passco Appoints Adriana Olsen to National Sales Manager](https://www.passco.com/passco-appoints-adriana-olsen-to-national-sales-manager/) - May 4, 2022 Passco Companies has appointed Adriana Olsen to national sales manager. With this promotion, Olsen, who previously served as the firm’s senior vice president of marketing, “deepens her role” across all marketing efforts on a national scale, said Belden Brown, executive vice president and partner at Passco. “Adriana has played an instrumental part
- [Passco Ranks Among Orange County Business Journal's Top Private Companies List](https://www.passco.com/passco-ranks-among-orange-county-business-journals-top-private-companies-list/) - June 12, 2022 Orange County's biggest private companies are getting bigger. The 35 companies on the Business Journal's annual list reported a 25% jump in revenue to $100 billion last year. That compares to a 1% gain in revenue in 2020 and a 3.1% increase in 2019. The boom was widespread-19 increased their sales, including
- [Multifamily Leadership Recognizes Passco as an Official Best Place to Work Multifamily®](https://www.passco.com/multifamily-leadership-recognizes-passco-as-an-official-best-place-to-work-multifamily/) - December 8, 2022 Passco Companies has ranked #14 in the nationwide Best Places to Work Multifamily®, published annually by Multifamily Leadership. We were honored at the Multifamily Innovation® Summit in Scottsdale, AZ on December 7-8, 2022 where we not only found out our nationwide ranking, but we also had the opportunity to attend the Multifamily
- [Passco Ranks Amongst The OC Register’s Top Workplaces in 2022](https://www.passco.com/passco-ranks-amongst-the-oc-registers-top-workplaces-in-2022/) - December 9, 2022 It was a record-setting year for the 15th annual Top Workplaces program in Orange County. In all, 169 companies, the most ever honored in the program, made the list for their top-notch work culture in 2022. The first year unshackled by the pandemic brought a number of milestones to many companies while
- [John "Jack" Fitzgibbon Awarded Connect CRE's 2022 Lawyers in Real Estate Award - California](https://www.passco.com/john-jack-fitzgibbon-awarded-connect-cres-2022-lawyers-in-real-estate-award-california/) - December 12, 2022 For its third annual Lawyers in Real Estate Awards, Connect CRE chose 110 attorneys from around the U.S. representing a variety of disciplines. They were selected for excelling in their practices as well as their contributions to the community. The award celebrates real estate attorneys who have distinguished themselves in their practice
- [Introducing Passco Exchange: Your Ultimate Source for Industry News and Insights](https://www.passco.com/introducing-passco-exchange-your-ultimate-source-for-industry-news-and-insights/) - In a world that’s constantly evolving, staying informed and ahead of industry trends is vital. At Passco Companies, we understand the importance of providing valuable insights to the commercial real estate community. That’s why we are thrilled to introduce our all-new industry news and insights channel – Passco Exchange! Passco Exchange is a groundbreaking concept
- [AIM Conference](https://www.passco.com/aim-conference/) - April 25 - 25, 2022 Hyatt Regency Huntington Beach Resort & Spa | Huntington Beach, CA Founded in 2005, the Apartment Internet Marketing Conference (AIM Conference) is the most detailed and informative event in the industry, and is sure to attract the industry’s leading buyers of online and transactional services again in 2022. AIM has been the only
- [Passco Companies Acquires New 300-Unit Multifamily in Panama City Beach](https://www.passco.com/passco-companies-acquires-new-300-unit-multifamily-in-panama-city-beach/) - Irvine, CA-based real estate investment firm Passco Companies has acquired Sea Sound Apartments, a newly constructed 300-unit, Class A multifamily property located in Panama City Beach, FL. Cliff Taylor, Joe Ayers, Paul Berry and Don Hoffman of CBRE represented the seller, Columbus, GA-based Flournoy Development. "Multifamily market fundamentals in the FL Panhandle have never been stronger," said Ayers.
- [Passco Ranks Amongst MHN’s 2021 Top Multifamily Property Owners](https://www.passco.com/passco-ranks-amongst-mhns-2021-top-multifamily-property-owners/) - Passco ranks among Multi-Housing News’ Top 40 Multifamily Owners with an average occupancy higher than the national average. To view the full list of rankings, please visit www.MultiHousingNews.com. Multifamily real estate has remained strong. Despite the setbacks of the past year and a half, the sector began making gains this past summer, both in investment activity and in
- [Passco Takes Texas Acquisition Strategy Cues from Population Wave](https://www.passco.com/passco-takes-texas-acquisition-strategy-cues-from-population-wave/) - Texas household formation has been exceptionally strong in the past year, resulting in performance metrics now sitting at all-time highs. In fact, domestic migration totaled more than 150,000 individuals among the largest Texas metros in the past year, with each metro posting gains of 20,000 to 60,000 people. Bigger picture, recent population estimates from the
- [ADISA Announces Award Winners for 2020 and 2021](https://www.passco.com/adisa-announces-award-winners-for-2020-and-2021/) - ADISA announces winners of its ACE, Distinguished Service and President's Awards for 2020 and 2021. Congratulations to the winners of ADISA's 2020 and 2021 A Champion of Excellence (ACE), Distinguished Service and President’s awards. The awards were presented during the welcoming ceremony last night at Annual Conference & Trade Show at the Wynn Las Vegas.
- [Stacy Stemen Featured on 2021 Multifamily Women® Summit Podcast](https://www.passco.com/stacy-stemen-featured-on-2021-multifamily-women-summit-podcast/) - To listen to the full Podcast, please visit www.multifamilywomen.com. The future is bright in Multifamily for people that give a damn. Good leadership is about developing strong relationships, supporting and developing other leaders. Stacy Stemen and Sarah Saglam highlight those who really care, are engaged, are involved, and how they manage their daily duties to stay
- [Passco Companies Acquires $445.7M in Multifamily Assets in First Half of 2021](https://www.passco.com/passco-companies-acquires-445-7m-in-multifamily-assets-in-first-half-of-2021/) - With its most recent multifamily purchase, the $69 million acquisition of the 248-unit The Harrison at Braselton community in Buford, Georgia, Passco Cos. has purchased nearly $445.7 million in multifamily assets through June. This puts the real estate company on track to meet a company record of $1 billion in acquisitions this year, according to president Larry Sullivan.
- [California Real Estate Firm Passco Buys Chesterfield Apartments for $98M](https://www.passco.com/california-real-estate-firm-passco-buys-chesterfield-apartments-for-98m/) - A California real estate firm has acquired a 345-unit luxury apartment complex in Chesterfield, paying nearly $100 million to acquire the property. Passco Cos. said Monday it has acquired the Watermark at Chesterfield Village apartment complex at 16300 Lydia Hill Drive for $98 million. The seller was Indianapolis-based Watermark Residential, which developed the multifamily property.
- [Cushman & Wakefield Arranges $64.75 Million Sale on Behalf of Passco Companies](https://www.passco.com/cushman-wakefield-arranges-64-75-million-sale-on-behalf-of-passco-companies/) - Cushman & Wakefield announced that the commercial real estate services firm has arranged the $64.75 million sale of Twenty25 Barrett, a 238-unit apartment community located in Kennesaw, Georgia, a suburb northwest of Atlanta. Mike Kemether, Robert Stickel and Alex Brown of Cushman & Wakefield represented the seller, Passco Companies, in the transaction. Forum Investment Group, private real estate
- [Passco Companies, Kendra Scott Team Up for Move for Hunger](https://www.passco.com/passco-companies-kendra-scott-team-up-for-move-for-hunger/) - Six years ago, Passco Companies LLC launched its charitable giving program “Passco Gives Back” to empower its employees to support worthwhile organizations. This program has even inspired individuals to get involved by donating time, and at least five of Passco’s employees sit on the board of a nonprofit organization. Since the launch of Passco Gives
- [Lenox Overlook Luxury Apartment Complex Gets New Name, New Owners](https://www.passco.com/lenox-overlook-luxury-apartment-complex-gets-new-name-new-owners/) - A California-based real estate company acquired a luxury apartment community in San Antonio along Loop 1604, marking the eighth property it owns in Texas. As part of the deal, Passco Cos. — headquartered in Irvine, California — will rename the 338-unit Lenox Overlook at 17715 Overlook Loop to TruNorth at Bulverde. The apartment complex includes one-, two-
- [Apartment Deals Surge Throughout the Gulf Coast](https://www.passco.com/apartment-deals-surge-throughout-the-gulf-coast/) - Apartment deals took a hit throughout Florida this past summer, as COVID-19 fueled uncertainty and caused financing to pull back on commitments. But since the start of October, multifamily rental transactions throughout Central and Southwest Florida have roared back — so much so that deal volume could eclipse the final three months of 2019. Since
- [Passco Adds Three Communities to Its Portfolio](https://www.passco.com/passco-adds-three-communities-to-its-portfolio/) - While the COVID-19 pandemic has created challenges for multifamily acquisitions, including increased scrutiny, Southern California-based Passco Cos. continues to seek out opportunities in top markets. It has added three multifamily communities to its portfolio within two months. “We’ve had to readjust due diligence and drill in from a desktop perspective instead of a swat team
- [Passco Acquires 200-unit Community in Northern Virginia](https://www.passco.com/passco-acquires-200-unit-community-in-northern-virginia/) - Passco Cos. has acquired The Preserve at Catons Crossing, a 200-unit, mid-rise apartment community in the Northern Virginia submarket of Woodbridge, Va. “This opportunity to acquire this solid core asset in a stabilized, supply-constrained market is perfectly aligned with our multifamily investment strategy,” said Gary Goodman, the firm’s senior vice president of acquisitions. “With no
- [Passco Companies Acquires $78M Multifamily Asset](https://www.passco.com/passco-companies-acquires-78m-multifamily-asset/) - Passco Cos. has acquired One Hampton Lake, a 330-unit Class A multifamily community in Bluffton, S.C. The property was purchased from Southeastern Co. for $78 million in an off-market transaction. “While these past several months have involved unprecedented considerations, interruptions, and increased scrutiny when sourcing new acquisitions, we’ve continued to seek out opportunities to add top-of-the-market
- [Social Media brings residents at our communities together](https://www.passco.com/social-media-brings-residents-at-our-communities-together/) - Enjoy this short movie showcasing some of the fun events, community outreach, accolades and useful tips our teams have created for Passco apartment communities. Click here to see our movie! The last video is of a young, talented musician that 1000 West had perform during one of their “Courtyard Concerts” for the residents. Disclaimer: These posts will make
- [Power of Partnership, Passco + Keybank](https://www.passco.com/power-of-partnership-passco-keybank/) - Visit www.FannieMae.com to read more about our partnership.
- [Passco Launches We CaRE to Support Communities Front-Line Heroes, Local Businesses Impacted by COVID-19](https://www.passco.com/passco-launches-we-care-to-support-communities-front-line-heroes-local-businesses-impacted-by-covid-19/) - By Dennis Kaiser. The coronavirus pandemic is introducing a host of new ways of acting and living our daily lives. Many have learned how to work remotely, are utilizing new tech tools to accomplish tasks virtually, and we all are adopting new health and hygiene practices such as wearing face masks or social distancing. But
- [Once The Darling Of Real Estate, Workforce Housing Is In For A Steep Decline, Experts Say](https://www.passco.com/once-the-darling-of-real-estate-workforce-housing-is-in-for-a-steep-decline-experts-say/) - by Joseph Pimentel. Before the coronavirus pandemic hit, workforce housing was on the upswing. Multifamily developers and institutional investors were flocking to the space. It was ranked as one of the best-performing asset types in multifamily development over the past five years. But in the age of the coronavirus, workforce housing is in for a steep
- [Multifamily Leadership Announces National Ranking of Top 25 National Best Places to Work Multifamily for Women](https://www.passco.com/multifamily-leadership-announces-national-ranking-of-top-25-national-best-places-to-work-multifamily-for-women/) - Multifamily Leadership announced the national ranking of the top 25 National Best Places to Work Multifamily® for Women via live broadcast from the Multifamily Studios in Scottsdale, Arizona. With more than 500 people in attendance, this event provided the opportunity to celebrate, laugh, network, and build unity during this challenging period in history. Attendees were
- [Passco Closes on Luxury Ponte Vedra Apartment](https://www.passco.com/passco-closes-on-luxury-ponte-vedra-apartment/) - This acquisition brings the firm’s current Florida portfolio to a total of 3,650 units. By John McCurry POINT VEDRA, FL—Passco Cos., a privately held California-based commercial real estate company, has acquired The Reserve at Nocatee, a 244-unit luxury multifamily community in Ponte Vedra, Florida, for $54.9 million. Passco officials tell GlobeSt.com that the deal closed
- [Passco: Continued Growth Drives Demand for Class A Multifamily Product in Atlanta](https://www.passco.com/passco-continued-growth-drives-demand-for-class-a-multifamily-product-in-atlanta/) - By Nika Dufour, Vice President, Multifamily Investments at Passco Companies. Atlanta has, over the past several years, drawn in top employers, professionals, and other residents who are attracted to the opportunities and lifestyles it affords. The dynamic market has continued to grow immensely, seeing 53,500 jobs added in the last 15 months. At Passco, we have
- [ADISA Welcomes 2020 President, Larry Sullivan](https://www.passco.com/adisa-welcomes-2020-president-larry-sullivan/) - ADISA is pleased to welcome our 2020 ADISA president, Larry Sullivan. He has been a member of ADISA since our association formed more than 15 years ago. Larry has more than three decades of experience in the real estate investment industry and we are pleased to have him at the helm of our board of
- [Passco is a Finalist for Best Places to Work in Multifamily](https://www.passco.com/passco-is-a-finalist-for-best-places-to-work-in-multifamily/)
- [Passco Gives Back](https://www.passco.com/passco-gives-back/) - Almost five years ago, Passco Companies, LLC launched a new charitable giving program to empower our employees to support organizations they feel passionate about and to take pride in the company they work for. Our mission for Passco Gives Back is to get everyone involved and excited about giving back to their community. Passco also encourages employees
- [Next Generation Honoree: Jake Niles Leads Passco Companies into New Territory](https://www.passco.com/next-generation-honoree-jake-niles-leads-passco-companies-into-new-territory/) - Jake Niles brought extraordinary intuition, analytical skills, and drive – demonstrated through his ability to quickly close multifamily deals just a few months into his role at Passco Companies as Director of Acquisitions, West – positioning him for a very bright future in commercial real estate. He previously served at the Irvine, CA-based investment firm
- [How to Build Your Personal Brand](https://www.passco.com/how-to-build-your-personal-brand/) - BROOMFIELD, CO—Ever wonder what self-marketing strategies will work or how to make your presence, skills and achievements know, both within your firm and in the industry? Panelists at the recent GlobeSt.ELITE Women of Influence conference here in Broomfield, CO, focused on that topic and discussed how to take charge of your career development, build your
- [Larry Sullivan interviews Ja’Ron Smith, Deputy Assistant to the President of the United States.](https://www.passco.com/larry-sullivan-interviews-jaron-smith-deputy-assistant-to-the-president-of-the-united-states/) - “Bring jobs, safety, and opportunity back into the neighborhoods” – Ja’Ron Smith Recently, at the Alternative Direct Investment Securities Association (ADISA) Conference in Washington D.C., our own Larry Sullivan had the esteemed privilege to sit with Mr. Smith in an in-depth interview about “Opportunity Zones”, one of the hottest topics in real estate today. Ja’Ron
- [Women of Influence 2019](https://www.passco.com/women-of-influence-2019/) - Here we are again, our annual Women of Influence issue. This is the 26th year that we have covered the achievements of women in commercial real estate. As always, there are accounts of developments and deals and huge client wins as there are every year. But in recent years, including this one, a change is
- [Passco Hits $3.5B in Multifamily Transactions](https://www.passco.com/passco-hits-3-5b-in-multifamily-transactions/) - Passco Cos. has hit a total of $3.5 billion in total multifamily transaction volume. The milestone positions the company as a major multifamily player, and Passco plans to continue to grow the platform. The firm currently holds a portfolio of $2.6 billion in multifamily assets. “Over the past several years, we’ve been focused on acquiring best-in-class
- [Inside Passco’s Senior Housing Strategy](https://www.passco.com/inside-passcos-senior-housing-strategy/) - Passco Cos. Development sees a niche opportunity in developing active senior living facilities. By Kelsi Maree Borland. Passco Cos. Development is expanding its ground-up development and value-add development platforms, and recently welcomed Carey P. Levy back to the firm to serve as president of the development company and spearhead the growth initiatives. Senior housing will be among the
- [Blue light special: Have retail real estate investors found their lane?](https://www.passco.com/blue-light-special-have-retail-real-estate-investors-found-their-lane/) - BY JOSEPH DOBRIAN How are investors responding to the evolution of retail real estate? Are they moving away from retail properties, in response to recent vacancies and downsizings in many malls and shopping centers? Or are they still finding ways to reap attractive returns, without abandoning the category? According to industry executives, increased online sales
- [Enter, Exit or Adjust? A Summary of Market Trends to Inform Self-Storage Investing Strategy](https://www.passco.com/enter-exit-or-adjust-a-summary-of-market-trends-to-inform-self-storage-investing-strategy/) - by Todd Siegel, Vice President, Commercial Investments Passco Companies, LLC. There’s still strong consumer demand for self-storage and, therefore, many opportunities for new and existing investors. Here’s a summary of market trends for 2019 to help you make smarter investing decisions. As we move into the second quarter of the year, self-storage stakeholders are naturally looking
- [Top Takeaways From The CREF/ Multifamily Housing Convention & Expo 2019](https://www.passco.com/top-takeaways-from-the-cref-multifamily-housing-convention-expo-2019/) - by Alan Clifton, Ogal Claspell Alan Clifton is Chief Investment Officer and Ogal Claspell is Senior Vice President of Realty Investments with Passco Cos., Irvine, Calif., which acquires, develops and manages multifamily and commercial properties throughout the U.S. totaling $4.8 billion in property since its inception. Learn more at passco.com. More than 3,000 real estate finance professionals
- [Connect Retail West Recap: “Alive, Well, & Here to Stay”](https://www.passco.com/connect-retail-west-recap-alive-well-here-to-stay/) - By Dennis Kaiser Connect Retail West, held Tuesday, January 22, 2019 at The Resort at Pelican Hill, drew a crowd of 300 to hear from the innovators in the retail space. The afternoon discussion featured panels on the future of malls, where investment sales are headed, experiential retail that every customer wants to come back to, and
- [2018 Top Multifamily Owners](https://www.passco.com/2018-top-multifamily-owners/) - Despite growing economic uncertainty surrounding global trade and a record-long expansion, the commercial real estate sector is maintaining steady growth. by the Editors of Multi-Housing News. STRENGTH THROUGH DIVERSIFICATION By Chris Nebenzahl Despite growing economic uncertainty surrounding global trade and a record-long expansion, the commercial real estate sector is maintaining steady growth. Certain sectors, including
- [Bill Passo in the 2018 OC 500](https://www.passco.com/bill-passo-in-the-2018-oc-500/) - November 14, 2018
- [Suzy Cottle OCBJ'S CFO of the Year Nominee](https://www.passco.com/suzy-cottle-ocbjs-cfo-of-the-year-nominee/) - Congratulations Suzy! THE 2019 CFO OF THE YEAR AWARDS are presented to area financial professionals for outstanding performance as corporate stewards for the preceding fiscal year. Awards are presented in five categories: Outstanding CFO of a Public Co.Outstanding CFO of a Private Co.Outstanding CFO of a Not-for-Profit OrganizationOutstanding Corporate ControllerRising Star (Nominees for the Rising Star
- [Trends in Real Estate Investing: As the growth cycle matures and decelerates, conventional thinking undergoes some revisions.](https://www.passco.com/trends-in-real-estate-investing-as-the-growth-cycle-matures-and-decelerates-conventional-thinking-undergoes-some-revisions/) - By Anna Robaton. Investors have plenty to celebrate this year on the economic front. The U.S. economy continued its nearly decade-long expansion and has been stronger lately than many people expected. Gross domestic product grew by more than 4 percent in second quarter 2018 — the highest rate in four years. So why aren’t commercial
- [Passco Companies, An Influencer in Multifamily](https://www.passco.com/passco-companies-an-influencer-in-multifamily/) - Passco Companies, LLC The CEO and founder of Passco Cos,. Bill Passo, entered the real estate investment industry with the purchase of a single multifamily property in 1976. Passo was a true game-changer who was the first to present to the IRS the concept of the tenant-in-common investment structure. Under his leadership, along with a
- [Plenty of Opportunities in Texas: Q&A with Passco’s Gary Goodman](https://www.passco.com/plenty-of-opportunities-in-texas-qa-with-passcos-gary-goodman/) - Passco Cos.’ Gary Goodman recently spoke at Connect Media’s Connect Apartments Conference, which took place in Los Angeles. He’s also joining us in Texas on Aug. 23, for the upcoming Connect Texas Multifamily Conference. We asked Gary some Texas-specific questions about multifamily in Texas, and where it’s headed. Q. What types of properties are investors interested in?A. There
- [Roundtable: What strategies will make the retail centers of the future successful?](https://www.passco.com/roundtable-what-strategies-will-make-the-retail-centers-of-the-future-successful/) - Traditional retailers have taken a pounding the past couple of years, with the high-profile bankruptcies of Toys “R” Us, RadioShack Corp., Gymboree Corp. and Sports Authority, among many others. Meanwhile, the “bankruptcy watch list” includes the likes of J.C. Penney Co., Sears Holdings Corp., Burlington Stores and Stein Mart, all of which are said to
- [CREW Network CEO: Gender Equality Studies Should Be “Required Reading”](https://www.passco.com/crew-network-ceo-gender-equality-studies-should-be-required-reading/) - RETS Associates’ new survey on gender equality in commercial real estate is in line with the findings of CREW Network’s benchmark studies over the past decade, national CREW CEO Wendy Mann (pictured) told Connect Media. She called studies such as the RETS and CREW surveys “required reading” for decision-makers at CRE organizations. Derived from a
- [Investing in Multifamily: Challenges, Opportunities & Moving Forward](https://www.passco.com/investing-in-multifamily-challenges-opportunities-moving-forward/) - All five experts on the Investing in Multifamily: Challenges, Opportunities & Moving Forward panel at 2018’s Connect Apartments hold bullish views on the multifamily market. Yet, the future is not without challenge or uncertainty. ARA Newmark’s Curtis Palmer, who moderated the discussion, said the Costa Hawkins repeal – which qualified for California’s November ballot – is
- [ICSC RECon Insights: The Hottest Product Types](https://www.passco.com/icsc-recon-insights-the-hottest-product-types/) - Connect Media caught up with the retail experts making the rounds at the recent ICSC RECon in Las Vegas. We asked them what product types are being seen most favorably, and their responses not only identified the opportunity sets they’re seeing, but also the investors who are best-positioned to take advantage of them. Watch the
- [Leadership Insights at ICSC 2018: Where are Leasing and Sales Volumes Headed?](https://www.passco.com/leadership-insights-at-icsc-2018-where-are-leasing-and-sales-volumes-headed/) - Connect Media joined the 40,000 or so retail-focused commercial real estate leaders in Las Vegas for the annual ICSC RECon conference. Beyond the extensive treks across the trade show floor, and in between the deal-making and networking events that carried on into the wee hours of the morning, we captured insights from retail leaders. Check
- [Leadership Insights at ICSC 2018: The Outlook for Retail](https://www.passco.com/leadership-insights-at-icsc-2018-the-outlook-for-retail/) - Connect Media joined the 40,000 or so retail-focused commercial real estate leaders in Las Vegas this week, for the annual ICSC RECon conference. Beyond the extensive treks across the trade show floor, and in between the deal-making and networking events that carried on into the wee hours of the morning, we captured insights from retail
- [Retail Deal Strategy: Zig When Others Zag](https://www.passco.com/retail-deal-strategy-zig-when-others-zag/) - Big deals tend to grab eyeballs simply because they are easy to spot and hard to ignore. But Passco Companies has recently adopted a slightly contrarian strategy of pursuing smaller retail deals. While the Irvine, CA-based commercial real estate investor still often completes larger-sized deals, it sees value in smaller retail properties that often get
- [Fostering Employee Longevity in Today’s Career Environment](https://www.passco.com/fostering-employee-longevity-in-todays-career-environment/) - It was once an oft-recounted biography—an executive climbing the ladder in the commercial real estate industry and retiring at the same company where the ascension began. However, such is not frequently the case in the current climate, where employers regularly make a variety of changes to retain the best and brightest. Commercial Property Executive spoke with
- [Passco Expands with Orlando, Florida Office; Adds Five New Team Members](https://www.passco.com/passco-expands-with-orlando-florida-office-adds-five-new-team-members/) - Passco Companies,a privately-held California-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has announced that it is bolstering its presence in the Southeast with the addition of an Orlando, Florida office, and is expanding its team nationwide with the five new hires. “As we continue
- [Overlooked But Not Forgotten; Investors Shift Focus to Seniors Housing](https://www.passco.com/overlooked-but-not-forgotten-investors-shift-focus-to-seniors-housing/) - There has been a tremendous amount of focus on the Millennial cohort for the past several years. While many multifamily investors chase the highly paid Millennial workforce, many have overlooked the aging Baby Boomer population, as well as the growing demand and subsequent opportunity within this sector. Until now. In 2017, about 50 percent of
- [A Look Back: Celebrating 20 Years](https://www.passco.com/a-look-back-celebrating-20-years/) - In looking back over the 20 years since I formed the Passco Companies, I am proud of the successes that the Company has achieved, the friends we have made, our impact on the alternative investment industry, and our success in helping people achieve their financial and growth goals. Some of the events and accomplishments of
- [Sunpreme Partners with Blue Sky Utility and Passco Companies to Deploy 1.62MW Bifacial Solar Panels at Hanford](https://www.passco.com/sunpreme-partners-with-blue-sky-utility-and-passco-companies-to-deploy-1-62mw-bifacial-solar-panels-at-hanford/) - Blue Sky Utility, a California based renewable energy developer, and Sunpreme Inc., a US-based solar photovoltaic company and Passco Companies, a national real estate investment firm, are pleased to announce the completion of a 1.62Megawatt commercial rooftop solar system located on Hanford Mall in Hanford, CA. The system is the largest commercial rooftop Solar PV installation in Hanford and
- [Passco Expands into New Product Types; Promotes Olsen and Wang to Senior Vice President of Sales as Part of Ongoing Growth](https://www.passco.com/passco-expands-into-new-product-types-promotes-olsen-and-wang-to-senior-vice-president-of-sales-as-part-of-ongoing-growth/) - Coinciding with the firm’s ongoing growth and expansion into new product types, Passco Companies, has announced the promotions of Adriana Olsen and Andy Wang to Senior Vice President of the firm’s Sales division, according to Belden Brown, Executive Vice President and National Sales Manager of Passco Companies. Passco Companies has focused on retail since its
- [Investment Trends: What's Driving Retail Deals Today?](https://www.passco.com/investment-trends-whats-driving-retail-deals-today/) - Connect Retail West brought together more than 300 commercial real estate leaders for an information-packed conference at the Hurley Surf Club’s new retail experience at Pacific City in Huntington Beach, CA. The immersive afternoon overlooking the Pacific Ocean included three one-on-one conversations with top brands, two panel discussions and a retail trends keynote. Connect Media
- [The Frontrunner Slows Down](https://www.passco.com/the-frontrunner-slows-down/) - Multifamily is still the favored asset class in commercial real estate, but this year deal velocity and rent growth slowed. While multifamily core fundamentals remain strong—driven mostly by soaring demand that continues to grow—investors are making more thoughtful investment decisions. In October, the ALM Real Estate Media Group hosted RealShare Apartments, a national apartment conference
- [Checkout California: Stacy Stemen](https://www.passco.com/checkout-california-stacy-stemen/) - Stacy Stemen, Vice President, Corporate Marketing for Passco and President CREW-OC (Commercial Real Estate Women) on future real estate trends in OC and elsewhere. This talk show originally aired on OC Talk Radio.
- [ADISA Leadership Comments on House GOP Tax Plan](https://www.passco.com/adisa-leadership-comments-on-house-gop-tax-plan/) - Last week, House Republicans released a proposed tax bill, the Tax Cuts and Jobs Act, which seeks to enact the most significant federal tax reform since 1986. If passed into law in its current form, the bill would: Permanently lower the corporate tax rate from 35 percent to 20 percentReduce the number of tax brackets
- [Passco Ranked on 2017 Top 50 Owners](https://www.passco.com/passco-ranked-on-2017-top-50-owners/) - Passco Companies, LLCRank: 47Total Portfolio Value: $2 billionTotal Owned (MSF): 9.8Multifamily Units Owned: 10,870Average Occupancy: 94.0%Portfolio Diversity: Multifamily, Retail DIVERSIFICATION IS KEY While geopolitical, macroeconomic and real estate market uncertainty contributed to a modest slowdown in commercial real estate transaction activity to start off 2017, volume picked up as the year progressed, with prices remaining high and cap rates and interest
- [ADISA Honors 2017 Award Winners at Las Vegas Conference](https://www.passco.com/adisa-honors-2017-award-winners-at-las-vegas-conference/) - ADISA, the nation’s largest trade association for alternative and direct investment space, has announced this year’s winners of the organization’s A Champion of Excellence (ACE), Distinguished Service and President’s awards. The honors were presented during the welcoming ceremony at ADISA’s 2017 Annual Conference in Las Vegas. ADISA’s 2017 Annual Conference & Trade Show, the nation’s
- [Passco Makes 2nd DC Purchase for $113M](https://www.passco.com/passco-makes-2nd-dc-purchase-for-113m/) - Passco Cos. continues to expand its portfolio of more than 50 properties in 17 states with the purchase of The Parker, a 360-unit luxury community in Alexandria, Va. A joint partnership between AEW Capital Management and MRP Realty sold the Fairfax County property for $112.8 million. This marks Passco’s second acquisition in the Washington D.C.
- [Luxury Still Pencils Out](https://www.passco.com/luxury-still-pencils-out/) - In December 2014, Houston-based PM Realty Group and its partner, National Real Estate Advisors, started construction on the Confluence, Denver's then newest ultra-luxury high rise tower. Located at the confluence of the South Platte River and Cherry Creek, the for-rent 34-story highrise will fully open this fall. The project was started at a time when
- [Passco Ranked #4 Fastest-Growing Private Companies by OCBJ](https://www.passco.com/passco-ranked-4-fastest-growing-private-companies-by-ocbj/) - In life, in lists, it's rough to do apples-to-apples comparisons. In culling our weekly lists of every business silo and subsilo, of firms of all ownership forms and makeups, we have several goals: to compile as comprehensive and accurate a roster as possible; to produce features on the best and the brazen; and to analyze
- [Texas Multifamily Investors Focused on Dallas, Tertiary Markets](https://www.passco.com/texas-multifamily-investors-focused-on-dallas-tertiary-markets/) - Texas markets are meeting a healthy demand for multifamily housing from millennials who are reaching renting age and baby boomers who are downsizing, while attracting investment from around the United States. “The millennial cohort is just coming into the rental pool,” said Gary Goodman, senior vice president of Passco Cos., an Irvine, California–based acquirer of
- [Passco Hires Brett Johnson to Bolster Investment Activity in Midwest, West](https://www.passco.com/passco-hires-brett-johnson-to-bolster-investment-activity-in-midwest-west/) - Passco Companies, LLC a privately held Calif.-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has announced the addition of Brett Johnson as the firm’s new Vice President of Acquisitions for the West and Midwest. Johnson will be based in the firm’s Denver office. The
- [Passco Trades Remaining Interest in KS Property for $48M](https://www.passco.com/passco-trades-remaining-interest-in-ks-property-for-48m/) - Passco Cos. sold The Village at Lionsgate, a 360-unit community in the Kansas City submarket of Overland Park, Kan. The buyer already owned a portion of interest in the asset and purchased the remaining interests in the property for a net sale price of $48 million. ARA Newmark Kansas City Vice Chairman Mac Crowther represented
- [U.S. Needs 4.6M New Apartments by 2030](https://www.passco.com/u-s-needs-4-6m-new-apartments-by-2030/) - Delayed marriages, an aging population and international immigration are increasing a pressing need for new apartments, to the tune of 4.6 million by 2030, according to a new study commissioned by the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA). It’s important to note that: Currently, nearly 39 million people live in apartments,
- [Passco Picks Up Another Florida MF Asset](https://www.passco.com/passco-picks-up-another-florida-mf-asset/) - Irvine, CA-based Passco Companies acquired Pearce at Pavilion, a 250-unit Class A multifamily community in Riverview, FL, located southeast of Downtown Tampa. The apartment community was purchased from a joint-partnership between two Miami-based companies, Adler Group and Mattoni Group, for $49.7 million. This is Passco’s third multifamily acquisition to close in Florida in the last month, and
- [Passco Acquires Space Coast Property](https://www.passco.com/passco-acquires-space-coast-property/) - Passco Cos. acquired The Haven at West Melbourne in West Melbourne, Fla. for $53.3 million. The 336-unit community is a best-in-class asset with a history of high occupancy and rental rates, and is currently 95 percent occupied. The purchase represents Passco’s second acquisition in the Space Coast in the past half year. The Haven, located at
- [The Other South Florida Sees $53.5M Multifamily Sale](https://www.passco.com/the-other-south-florida-sees-53-5m-multifamily-sale/) - Springs at Estero, an institutional grade, class A, 260-unit multifamilycommunity in Southwest Florida, has traded hands. Passco Companies acquired the multifamily asset for $53.5 million. The brand new, stabilized multifamily property is in the submarket of Estero within the Fort Myers/Cape Coral MSA. According to Passco’s research, the Southwest MSA has added more than 55,000 jobs in the last two years, and
- [Passco Nabs Inland Empire Value-Add Retail Center](https://www.passco.com/passco-nabs-inland-empire-value-add-retail-center/) - Passco Cos. acquired Temescal Village, a 102,976-square-foot neighborhood shopping center in Corona, Calif., for $17 million. The company plans to reposition the 1983 asset by integrating a series of capital improvements and experience-driven amenities. Dixie Walker and Charley Simpson of Cushman & Wakefield’s Irvine office represented the seller, a private investor, in the transaction. Located at
- [A Cautious Step Forward](https://www.passco.com/a-cautious-step-forward/) - Uncertainty surrounding the political climate led to a softening in retail investment toward the end of last year, and so far, 2017 is not much better. The year’s investment activity got off to a shaky start, with investment sales experts at odds as to whether the situation will improve. “We predict that 2017 will be
- [4 Steps For Growing Your Business at the Dog Park](https://www.passco.com/4-steps-for-growing-your-business-at-the-dog-park/) - For some, taking their dogs to the dog park is a normal, mundane task. For savvy business people, it’s another opportunity to build connections that can ultimately impact the success of their companies. According to the American Pet Products Association, 44 percent of U.S. households have a dog. This means that individuals in nearly half of
- [Q&A: Alan Clifton on Adjusting to Online Shopping](https://www.passco.com/qa-alan-clifton-on-adjusting-to-online-shopping/) - Connect Media will sit down with retail industry leaders on March 16 at Connect Retail West for a panel entitled: “Investing in Retail: Strategies in 2017.” Retail experts will examine what primary, secondary, and tertiary markets are piquing the interest of investors for new opportunities and portfolio growth. Passco Companies’ Alan Clifton shares with Connect Media the opportunities
- [Plenty of Runway Left](https://www.passco.com/plenty-of-runway-left/) - Multifamily has remained the preferred investment vehicle of commercial real estate for the last several years, and for good reason. Apartments have demonstrated strong demand, healthy absorption levels and rents that are growing at rates above historical norms. In addition, multifamily provides a stabilized opportunity for investors, as it is more apt to withstand shifts
- [Passco Eyes Broadening Mandate; Sees $1Bln of Deals in 2017](https://www.passco.com/passco-eyes-broadening-mandate-sees-1bln-of-deals-in-2017/) - Passco Cos., among the big dogs in the structured tax-deferred exchange market, is bullish on its prospects this year. The Irvine, Calif., investment manager last year put together some $600 million of deals, most of which involved buying properties on behalf of Delaware Statutory Trusts that it structured in order to allow investors to complete
- [Two Executives Join Passco’s C-Suite](https://www.passco.com/two-executives-join-passcos-c-suite/) - In conjunction with announcing its goal to acquire more than $1 billion in commercial real estate this year, Passco Companies, LLC has announced the promotions of Alan Clifton to Chief Operating Officer and Suzy Cottle to Chief Financial Officer, according to Larry Sullivan, President of Passco Companies. “Last year we were able to reach an
- [Passco Caps 2016 with Apartment Buy in SC](https://www.passco.com/passco-caps-2016-with-apartment-buy-in-sc/) - Passco Companies has acquired Woodfield South Point, a 2009-built, 240-unit institutional quality multifamily community in the West Ashley submarket of Charleston, South Carolina for $38.5 million. This is the firm’s final acquisition in 2016, bringing Passco’s total acquisition volume for the year to more than $540 million, according to Larry Sullivan, President of Passco Companies.
- [Passco Acquires $50M Luxury Community in FL](https://www.passco.com/passco-acquires-50m-luxury-community-in-fl/) - Passco Cos. recently closed on its third acquisition in Florida this year with the purchase of a high-end multifamily property located in Melbourne, Fla., an area that has the largest concentration of science, technology, engineering and math jobs in the entire state. The California-based real estate investor paid $50.25 million for Marisol at Viera, a
- [Passco Ranked #2 Fastest-Growing Companies 2016 by Real Estate Forum](https://www.passco.com/passco-ranked-2-fastest-growing-companies-2016-by-real-estate-forum/) - Following the success of our inaugural Fastest-Growing Companies feature, Real Estate Forum is once again putting the spotlight on some of the most dynamic, successful firms in the commercial real estate arena. We're ranking companies that have achieved exceptional growth in recent years, outpacing their competition. Be it through mergers or strategic acquisitions, opening offices
- [Self-Storage Demand Outpaces Supply in Northwest Florida](https://www.passco.com/self-storage-demand-outpaces-supply-in-northwest-florida/) - Passco Cos., along with its joint venture partner, Perdew Investment Group, has announced the sale of the Patriot Self Storage Portfolio, which comprises two Class A self-storage facilities totaling 1,667 units in the North Port submarket of the Sarasota-Bradenton MSA of Florida. The properties sold for a combined $19 million. Southern Self Storage acquired the 818-unit Patriot
- [Dunwoody Multifamily Trades For $72M](https://www.passco.com/dunwoody-multifamily-trades-for-72m/) - Two Blocks, a Class A, 400-unit midrise multifamily community in the Dunwoody submarket of Atlanta, has traded hands. The sale price: $72 million. Passco Companies acquired the multifamily property. Developed in 2008 by Atlanta-based Pollack Shores Real Estate Group, the Two Blocks multifamily community has demonstrated effective rent growth of more than 11% for the last two years. That’s despite its lack of key
- [Should Multifamily Developers Focus On Suburban Locations?](https://www.passco.com/should-multifamily-developers-focus-on-suburban-locations/) - Apartments transactions rose to an all-time record of $150 billion in 2015 and with $72 billion in sales closed in the first half of the year alone, 2016 is on track to not disappoint. Behind these transactions are the professionals who put each deal together, whether they’re connecting buyers with sellers or lining up the
- [Shop Talk: Bill Passo on RIAs and Private-Equity Real Estate](https://www.passco.com/shop-talk-bill-passo-on-rias-and-private-equity-real-estate/) - Why are so many wealth advisers reticent to move beyond the two-dimensional stock and bond portfolio model and into real assets — specifically real estate? Why is there such widespread aversion to illiquidity, despite the prospects of reaping the so-called illiquidity premium? What are the advantages to direct ownership of real estate versus the strict
- [2016 General Counsel Award Nominees](https://www.passco.com/2016-general-counsel-award-nominees/) - While John Fitzgibbon has been at Passco for a relatively short period of time, his impact throughout the company can be described in one word: invaluable. Fitzgibbon handles all of the legal matters pertaining to the firm's acquisitions and dispositions of investment properties, one of the most integral parts of Passco's business. In addition, he
- [Multifamily Market Remains “Fundamentally Strong”](https://www.passco.com/multifamily-market-remains-fundamentally-strong/) - Connect Apartments brought together more than 500 CRE leaders for an information-packed conference at the JW Marriott in DTLA. The event featured a one-on-one conversation with Geoff Palmer, as well as a keynote presentation by MPF Research’s Jay Parsons. Top apartment brokers, owners, investors and finance players shared multiple ways to navigate a volatile economy while remaining
- [Property Management Rules The New Generation Of Retail](https://www.passco.com/property-management-rules-the-new-generation-of-retail/) - Property management isn’t reserved for multifamily properties. It is also crucial to maintaining a successful retail asset, especially as the retail industry moves toward entertainment and experiential centers. At ICSC Western States, we sat down with Vickie Miller, senior property manager at Passco Cos., for an exclusive interview to talk about property management in retail. The firm has
- [Three CRE Q&A: Passco's Claspell Breaks Down MF Market](https://www.passco.com/three-cre-qa-passcos-claspell-breaks-down-mf-market/) - Passco Companies’ Ogal Claspell will be speaking at Connect Apartments on September 15 in Los Angeles. Connect Media asked Claspell to assess the state of the the multifamily market in our latest installment of 3 CRE Q&A. Q: The multifamily market is said to have been approaching its peak and many wonder if it can continue
- [Multifamily Sales Are Picking Up Steam](https://www.passco.com/multifamily-sales-are-picking-up-steam/) - The U.S. apartment market remains the most attractive property type among investors, with sales volume exceeding $32.7 billion in the second quarter of 2016, a 14 percent increase from second-quarter 2015, according to Real Capital Analytics (RCA). Sales of multifamily communities outstripped office, retail, hotel and industrial sales in the same time period for assets
- [Passco Cos. Lays Out $75M for Florida Community](https://www.passco.com/passco-cos-lays-out-75m-for-florida-community/) - Passco Cos. is keeping busy this year, most recently paying $75 million for a 400-unit community located in the growing submarket of Bradenton in the Tampa Bay Area of Florida. The community, ParkCrest Landings, is situated within a 67-acre site that includes nine acres of lakes and 40 acres of nature preserves along a tributary of the
- [1031 Exchanges: A Quick Primer](https://www.passco.com/1031-exchanges-a-quick-primer/) - 1031 exchanges continue to attract interest as a method for deferring taxes on a property transaction. But the strategy can be daunting for the first timer. How does a broker approach these transactions in retail and elsewhere? To learn more about this, GlobeSt.com sat down with expert Belden Brown, SVP and national sales manager at
- [Why Multifamily Will Continue To Have Legs](https://www.passco.com/why-multifamily-will-continue-to-have-legs/) - Millennials are not looking for their piece of the rock like previous generations did—and many wouldn’t qualify for a home loan even if they were, said panelists at RealShare Orange County here Tuesday. These are among the many factors that make for a continued robust multifamily market—particularly in Orange County, where home prices are high. Speakers on the
- [Passco Acquires Luxury Multifamily Community in Phoenix Metro](https://www.passco.com/passco-acquires-luxury-multifamily-community-in-phoenix-metro/) - Passco Companies, LLC has acquired Almeria at Ocotillo, a 389-unit, Class A luxury multifamily community located within the Ocotillo Master Planned Community, an upscale master planned community in the dynamic Phoenix submarket of Chandler, Arizona, for approximately $80 million. “Chandler is one of the most desirable submarkets in the Phoenix metro,” says Gary Goodman, Senior
- [Big Opportunities In B-Class Retail](https://www.passco.com/big-opportunities-in-b-class-retail/) - Retailers are starting to target class-B open air retail centers, and the move is creating big opportunities for investors, according to Todd Siegel, VP of retail at Passco. Passco, a seasoned retail investor, is shifting its retail strategy to class-B centers in growing Southwest markets, and curbing its competition by focusing on all service-driven tenant anchors, not
- ['Cross' Fit](https://www.passco.com/cross-fit/) - It used to be that you went to a shopping center to...shop. The concept sounds straightforward enough, but not with today's changing demographics, technologies and consumer habits. Now, you go to shopping centers to socialize, eat, check out the latest art installation, see a movie and maybe pick up your dry cleaning on the way
- [Passco Sees 60% Price Boost In Multifamily Sale](https://www.passco.com/passco-sees-60-price-boost-in-multifamily-sale/) - Sundance Creek, a 232-unit multifamily community in the Atlanta submarket of McDonough, GA, had traded hands. Passco Companies acquired the asset for $14.5 million in 2010 and sold it at a 60% increase. “We acquired Sundance Creek in 2010 when many firms were focused on core markets,” Gary Goodman, senior vice president of acquisitions for Passco, tells GlobeSt.com. “We
- [Multifamily’s Urban-Infill Story May Be Oversold](https://www.passco.com/multifamilys-urban-infill-story-may-be-oversold/) - The suburbs are beginning to attract Millennials, and since many can’t buy a single-family home, the apartment market is thriving because of them, PASSCO’s SVP acquisitions Gary Goodman tells GlobeSt.com. Goodman will be speaking on the panel session “Multifamily: On the Rise or At Its Peak?” during RealShare Orange County on August 16. We spoke exclusively with Goodman about the session, trends in multifamilyinvestment and the impact of Millennials
- [Passco Buys Newly Developed Apartments in Metro Louisville](https://www.passco.com/passco-buys-newly-developed-apartments-in-metro-louisville/) - Passco Companies, LLC has acquired The Veranda, a 236-unit multifamily community in the highly sought-after Norton Commons master-planned community in Prospect, Kentucky, a growing submarket of the Louisville MSA, for $50.4 million. “The Veranda at Norton Commons is the only ultra-luxury rental option within one of the best-executed master planned communities in the Southeast,” explains
- [Passco Ranked #1 "Best Places to Work" by the OCBJ](https://www.passco.com/passco-ranked-1-best-places-to-work-by-the-ocbj/) - Kendall Parisi, corporate designer at Passco Companies LLC, looked over the numerous stacks of marketing supplies, brochures, and trade show materials spread across the conference room table. Time was passing rapidly, and she needed to move all of the paraphernalia downstairs and into the car right away so she and Stacy Stemen, Passco's director of
- [Florida Witnessing Transit-Oriented Developments Rising Left And Right](https://www.passco.com/florida-witnessing-transit-oriented-developments-rising-left-and-right/) - Douglas Road Metrorail Station, a mixed-use, transit-oriented project at the Douglas Road Metrorail Station estimated to bring $464 million in revenue to Miami-Dade County, has won Miami-Dade Board of County Commissioners approval. Adler 13th Floor Douglas Station, a joint venture between 13th Floor Investments and Adler Group, also inked a ground lease, setting the stage for construction. Link
- [The Future of CRE Investment in America](https://www.passco.com/the-future-of-cre-investment-in-america/) - There’s been a slew of changing variables in the global and domestic economies, which has many people questioning the future of commercial real estate investment in America. Connect Media went straight to the experts to get their take on what’s to be expected as we march towards 2017. Fifield Companies’ Steven Fifield, Passco’s Scott Allen, UCLA Anderson School
- [How Top Execs Learn From The Next Generation Of Leaders](https://www.passco.com/how-top-execs-learn-from-the-next-generation-of-leaders/) - “This new generation has refreshed and instilled in me as a mentor the enthusiasm and passion to succeed.” That is according to Bill French, senior managing director of Cushman & Wakefield, who recently chatted with GlobeSt.com about mentoring tomorrow’s leaders, succession planning and about what insights and tips they are passing on. “The need to incorporate new
- [Best Bosses in the Business: The Iconoclast](https://www.passco.com/best-bosses-in-the-business-the-iconoclast/) - Congratulations to William O. Passo, winner of The Iconoclast category for Real Estate Forum's Best Bosses in the Business. If one were to look on paper at what makes a great leader in commercial real estate, the criteria would certainly include financial performance, transaction volume, shareholder returns or the number of properties the firm owns
- [Strategic Investor Radio: Passco Companies](https://www.passco.com/strategic-investor-radio-passco-companies/) - Listen to Bill Passo, founder and CEO of Passco Companies, a longtime real estate investment firm, in this interview done at the ADISA Spring Symposium. http://www.strategicinvestorradio.com/e/the-passco-companies/ This interview was originally published on Strategic Investor Radio.
- [Experiencing The Retail ‘Experience’](https://www.passco.com/experiencing-the-retail-experience/) - If you were here for the 2016 of RECon and stepped into the Passco booth, you lived the retail experience. Continuing his extreme-auto theme from last year (most of you will remember our DeLorean interview), President Larry Sullivan brought in the 1989 Batmobile (also known as the Michael Keaton Batmobile). Why? Retail is all about experience, Sullivan told us in this exclusive
- [Tacoma Shopping Plaza Sells for $26.7MM To Local Investor](https://www.passco.com/tacoma-shopping-plaza-sells-for-26-7mm-to-local-investor/) - An entity related to Irvine-based real estate investment company, Passco Companies, sold a Pierce County shopping plaza late last month to a local investor. Located at 2505 South 38th Street in Tacoma, the nearly 81,000 square-foot plaza was purchased by MK Property Services, LLC of Snoqualmie for $26.7 million, or approximately $330 per square foot.
- [Retail At A Glance: What's Driving Foreign Investment?](https://www.passco.com/retail-at-a-glance-whats-driving-foreign-investment/) - This is a guest column from Jack Fitzgibbon, general counsel at Passco Companies, for RECon 2016. Foreign investment in US real estate is booming, and the retail sector is no exception. Chinese investors are particularly active in the US retail market, driven by our relatively stable economy and political system, as well as the current
- [Adapt or Perish](https://www.passco.com/adapt-or-perish/) - Earlier this year, Sports Authority filed for Chapter 11 bankruptcy protection. The retailer cited “the increasing amount of shopping that is occurring online” as one reason for decreased sales and asked a federal bankruptcy judge for permission to begin store-closing sales at about 140 locations. At the time, CEO Michael Foss said that the company filed
- [As National Chains Scale Back, Independent And Regional Retailers Rise](https://www.passco.com/as-national-chains-scale-back-independent-and-regional-retailers-rise/) - This is a guest column from Todd Siegel, VP of retail at Passco Companies, for ICSC RECon 2016. The retail landscape continues to evolve and retail owners are taking note. Over the last few years, there has been a significant shift in the types and size of retailers occupying retail space across the country. The question is
- [Divorce Rate Drives Demand for Multifamily Properties](https://www.passco.com/divorce-rate-drives-demand-for-multifamily-properties/) - When it comes to demand for multifamily communities, there are usually two demographics that come to mind: millennials and baby boomers. What most people don’t realize, however, is that even though both groups drive demand for multifamily properties, there’s a third subset of individuals doing the same—divorced people. According to the Census Bureau, there are approximately 107 million single
- [Passco Puts Down $54M On TOD Multifamily](https://www.passco.com/passco-puts-down-54m-on-tod-multifamily/) - The Ivy, a 248-unit, class A+ newly-constructed multifamily complex in Orlando’s Florida Hospital Village has traded hands. The sale price: $53.5 million. Passco Companies acquired the multifamily asset. Florida Hospital Village is the second-largest hospital in the nation. “The significant job and economic growth throughout Orlando is a major factor driving the multifamily market,” Colin Gillis, vice president of acquisitions in the Southeast
- [Passco Sounds the Right Notes with Nashville Acquisition](https://www.passco.com/passco-sounds-the-right-notes-with-nashville-acquisition/) - Passco Companies has acquired The Overlook multifamily community in Nashville, Tenn., for $51.4 million. The 452-unit apartment community features units with large open-plan floor plans of up to 1,250-plus square feet in size. Highly-sought amenities include a high-end fitness center, two pools with cabanas and meticulously landscaped grounds. While The Overlook features an array of upsides,
- [Multifamily Matters: Destination Unknown](https://www.passco.com/multifamily-matters-destination-unknown/) - The past several years have been a smooth ride for the apartment industry. Yet multifamily players now have mixed feelings about where the road ahead will lead. Put a group of multifamily developers and investors in a room and it wouldn't be difficult for them to reach consensus on the gangbusters success of the segment
- [Connect Retail West: Evolution of Retail- Cap Rates and NNN Investments RECAP](https://www.passco.com/connect-retail-west-evolution-of-retail-cap-rates-and-nnn-investments-recap/) - At this year's Connect Retail West, Bob Peterson, Passco's Vice President, Investments, sat on the Evolution of Retail pane, discussing how retail’s face is changing. In the evolution of retail, should you be chasing cap rates or are other property types becoming more attractive investments? How does M&A activity affect NNN properties? Connect Retail West: Evolution
- [Top Trends To Watch: Multifamily Investment](https://www.passco.com/top-trends-to-watch-multifamily-investment/) - What’s new in multifamily? As the darling of commercial real estate investment for the past few years, this product type has some interesting trends in store. Below are the key factors Passco's Ogal Claspell, Senior Vice President, Realty Investments, believes will likely grow and change the multifamily market throughout the rest of the year. High Rate
- [Passco Enters Local Market With $70M Deal in Alexandria, Virginia](https://www.passco.com/passco-enters-local-market-with-70m-deal-in-alexandria-virginia/) - Irvine, Calif.-based Passco Cos. has made its first acquisition in the Mid-Atlantic, scooping up the 240-unit apartment building, The Shelby, for $69.5 million, located in Alexandria, Virginia. The Shelby is located at 6200 North Kings Highway. Ryan Ogden with ARA Newmark represented both the buyer and Insight Properties as the seller in the transaction. Fannie
- [On the Cover of California Centers](https://www.passco.com/on-the-cover-of-california-centers/) - We are pleased to announce Day Creek Village, our latest retail acquisition in Rancho Cucamonga, California, was featured on the cover of California Centers for the March 2016 issue. This 25,000 square foot retail center was purchased in January 2016.
- [Dunkin’ Donuts, more restaurants coming to Hanford Mall](https://www.passco.com/dunkin-donuts-more-restaurants-coming-to-hanford-mall/) - Dunkin’ Donuts is officially coming to the central San Joaquin Valley. The owners of Hanford Mall announced Thursday that it will open a Dunkin’ Donuts, along with a Pieology Pizzeria, Buffalo Wild Wings and a Five Guys Burgers and Fries. The new restaurants are scheduled to open this summer when remodeling of existing properties is finished. Buffalo Wild Wings will be on
- [Larry Sullivan Elected to the ADISA Board of Directors](https://www.passco.com/larry-sullivan-elected-to-the-adisa-board-of-directors/) - Passco Companies, a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S., has announced that Larry Sullivan, the firm’s President, has been elected to the Alternative & Direct Investment Securities Association’s (ADISA) Board of Directors for a 2-year term starting in 2016. Sullivan joined the Board
- [What MF Trends Should be on Your Radar](https://www.passco.com/what-mf-trends-should-be-on-your-radar/) - In preparation for the multifamily quarterly feature in Real Estate Forum magazine, we sat down with many multifamily experts from around the country. In the first part of this series, we talked about whether or not apartment vacancy will tick upward in 2016. In part two of the series, we reviewed whether or not the market could digest the new
- [Passco Acquires Day Creek Village in Rancho Cucamonga](https://www.passco.com/passco-acquires-day-creek-village-in-rancho-cucamonga/) - Passco Companies, LLC, has acquired Day Creek Village, a 100-percent leased neighborhood shopping center in Rancho Cucamonga, the second largest submarket in California’s Inland Empire market. “This property is a strong addition to our portfolio based on its excellent tenant mix and local demographics,” explains Bob Peterson, Vice President of retail acquisitions for Passco Companies.
- [Will Younger Demographic Make Rent Growth Implode?](https://www.passco.com/will-younger-demographic-make-rent-growth-implode/) - In preparation for the multifamily quarterly feature in Real Estate Forum magazine, we sat down with many multifamily experts from around the country. In the first part of this series, we talked about whether or not apartment vacancy will tick upward in 2016. In part two of the series, we reviewed whether or not the market could digest the new supply
- [Will Market Digest New MF Supply Pipeline?](https://www.passco.com/will-market-digest-new-mf-supply-pipeline/) - In preparation for the multifamily quarterly feature in Real Estate Forum magazine, we sat down with many multifamily experts from around the country. In the first part of this series, we talked about whether or not apartment vacancy will tick upward in 2016. In part two, we talk about multifamily construction and absorption. Will falling homeownership rate and increased desire
- [Will Apartment Vacancy Tick Upward In 2016?](https://www.passco.com/will-apartment-vacancy-tick-upward-in-2016/) - In preparation for the multifamily quarterly feature in Real Estate Forum magazine, we sat down with many multifamily experts from around the country. On particular topic on the agenda was apartment vacancy and whether or not it will tick upward. While it is happening in some markets, there are dozens where the opposite is true, said sources. See the
- [Multifamily Capitalizes On Employment Growth](https://www.passco.com/multifamily-capitalizes-on-employment-growth/) - Downtown Scottsdale is experiencing unprecedented employment growth from healthcare, technology and financial services companies. Proximity to advanced education, abundant amenities and excellent demographics continue to attract top companies such as Yelp, Zenefits, Scottsdale Healthcare, Weebly, Groupon, CA Technologies, McKesson, Softwench Solutions, Yodle, Theranos and Webfilings. Multifamily continues to capitalize on that employee-driven growth. One such asset is Luxe
- [Abundant Austin Multifamily Construction Doesn't Spook Investors](https://www.passco.com/abundant-austin-multifamily-construction-doesnt-spook-investors/) - The Austin area’s multifamily allure is attracting national attention and numerous investors, but could the high volume of new construction scare some away? It’s a concern for California-based Passco Cos, but not too alarming; the company recently closed on the 1-year-old completed 304-unit Lone Oak Apartments in Round Rock. Passco SVP of realty investments Ogal
- [A View of the Future](https://www.passco.com/a-view-of-the-future/) - Many often wish they had a glimpse into the future in order to better prepare for the roads ahead, but those in the multifamily business don’t need a crystal ball to know that innovations in technology are the wave of the future. “Technology is the most rapidly advancing portion of our business right now, and what
- [Fed Causes Uncertainty With Rate Decision](https://www.passco.com/fed-causes-uncertainty-with-rate-decision/) - The industry is split about the Fed’s recent decision to keep interest rates at historic lows, and while Alan Clifton, Passco Cos. SVP of investments and operations, didn’t take any sides, he said that the decision could cause some uncertainty about the economy among the general public. At the recent ICSC Western Division conference in San Diego, Clifton sat down with
- [Renovation Yields Best Profits in Retail](https://www.passco.com/renovation-yields-best-profits-in-retail/) - Given a choice of retail acquisition/disposition, holding/managing properties or developing ground-up properties, the best money is made in the process of acquiring, renovating and selling, said panelists at ICSC’s Western Division Conference here yesterday. Speakers in the general session “How to Make Money in Retail Real Estate … and Keep it!” said value creation comes from repositioning an obsolete
- [California centers are freshening up, conference attendees say](https://www.passco.com/california-centers-are-freshening-up-conference-attendees-say/) - Homegrown and independent tenants — the types landlords might well have overlooked roughly a decade ago — have come into high demand in California as shopping centers re-create themselves to give fickle consumers something fresh and surprising. “With all the changing demographics and population segments in California, we’re seeing a lot of new and different
- [Developing Trends](https://www.passco.com/developing-trends/) - When it comes to retail development in the West Coast, while there may not be a lot of new development, there is a lot of activity. “The biggest trend we see is the lack of new development, which has really adjusted the supply side of available new product,” says Patrick S. Donahue, chairman and CEO
- [When Property Management Enhances Value](https://www.passco.com/when-property-management-enhances-value/) - Asset management is the key to finding the right property manager, according to Todd Siegel, VP of retail at Passco Co.—a firm that uniquely packages the two together so that owners can get the most out of their investment. Asset managers look at the full lifespan of the investment, while property managers handle the day-to-day operations. They are two
- [Balancing Appealing Design with Cost](https://www.passco.com/balancing-appealing-design-with-cost/) - “Balancing a complex and appealing building design with the cost to construct it, while maintaining the established budget, is like choreographing an elegant dance set to music that is finite in length, while still conveying the tale that’s being told.” That is according to Jocelyn Topolski, director of business development at Bernards. “While it's not easy to
- [Howard Hughes Center Nabs 10 Offers](https://www.passco.com/howard-hughes-center-nabs-10-offers/) - Passco Cos. received 10 offers from investors for the Howard Hughes Center, a 248,841-square-foot retail property. Earlier this week, GlobeSt.com reported that the Laurus Corp. purchased the property for $111 million and plans to invest an additional $30 million for renovations. Now, the seller’s team tells us that the sale was very competitive with a broad range of investors bidding on the
- [Get to Know Your New Atlanta Competitor](https://www.passco.com/get-to-know-your-new-atlanta-competitor/) - Passco Companies is on the move. As part of its national expansion, Irvine, CA company now officially has boots on the ground in Atlanta. Passco brought Colin Gillis on as director of acquisitions for the Southeast. A senior commercial real estateprofessional, Gillis is widely known in the area as an acquisition expert. Gillis previously served in acquisition roles for JRK
- [Passco Goes Back to the Future](https://www.passco.com/passco-goes-back-to-the-future/) - It was a rather different video interview we did with Larry Sullivan, president of Passco Companies, and certainly the first time this writer ever conducted an interview in a suped-up DeLorean (Word to future writers: It’s not an easy car to exit). But it seems that the mall featured in the first Back to the Future movie was a
- [Back to the Future Pt. 2: From 1985 to Today](https://www.passco.com/back-to-the-future-pt-2-from-1985-to-today/) - We had quite a bit of terrific feedback from our first Back to the Future themed blog installment that discussed what retailing was doing back in 1985. Now it’s time to drive the time travelling DeLorean back from 1985 to today and see what happened over the last 30 years. For regional malls, the golden
- [Refinancing Retail](https://www.passco.com/refinancing-retail/) - Retail finance has never been hotter. Everyone is looking for returns, and domestic and foreign investors have flooded the market with capital. Bottom line - it’s a borrower’s market. But what does that mean for retail investors? With so much competition surrounding the placement of capital in the market, capital providers are increasingly willing to
- [Back to the Retail Future Pt. 1: 1985](https://www.passco.com/back-to-the-retail-future-pt-1-1985/) - As we prepare for ICSC’s annual RECon event this year, Passco is focused on the future of retail. And with the road to the future ahead of us, we’re also celebrating retail’s dynamic past. In fact, we’re introducing a “Back to the Future” themed booth, and yes, it will include a DeLorean time machine. Kicking
- [Investors and Multicultural Tenanting](https://www.passco.com/investors-and-multicultural-tenanting/) - It’s no secret that the cultural demographics of the US continue to evolve. As some of the world's economies are declining, foreigners increasingly recognize the economic strength of the United States. This is especially true for the Western region, where educational and business opportunities (coupled with our ideal weather conditions) are particularly alluring for those
- [Feeding the Need](https://www.passco.com/feeding-the-need/) - Now that experiences are all the rage, many of today's luxury shopping center retailers are hoping to satiate this consumer need through restaurants of their own. The concept of retailer restaurants may have been around since the early 1900s, but it's only recently gained favor in the 21st century. What began as tea rooms and
- [Passco Bringing Us Back To The Future at #RECon15](https://www.passco.com/passco-bringing-us-back-to-the-future-at-recon15/) - Passco Companies, LLC, the national real estate investment firm, will be taking us “back to the future” with their DeLorean inspired booth at RECon 2015. Stacy Stemen, Director of Marketing for Passco, came up with the idea. In planning Passco’s RECon booth, she knew she “wanted to do something unique – something no one else will
- [Apartment Turnover Rates Will Keep Increasing](https://www.passco.com/apartment-turnover-rates-will-keep-increasing/) - In this exclusive discussion with multifamily experts about the demand for apartments, Passco Cos.’ VP asset management Jeff Olshan tells GlobeSt.com that more turnover is inevitable if the economy continues to improve and homeownership becomes more affordable. Here’s more of what came out of that discussion. GlobeSt.com: What should our readers know about the demand for apartments? Olshan: The demand for apartments will always
- [Passco Cos. Opens Austin Office](https://www.passco.com/passco-cos-opens-austin-office/) - Irvine, Calif.-based Passco Cos. LLC is expanding to Austin. The company has opened a new office and has added industry veteran Shelli Cusack as director of asset management. Cusack will oversee the Austin office, and will also be responsible for a portion of Passco’s multifamily portfolio encompassing more than 3,000 units in North Carolina, South Carolina and Georgia. “As a
- [On the Move - John "Jack" Fitzgibbon](https://www.passco.com/on-the-move-john-jack-fitzgibbon/) - John "Jack" Fitzgibbon has joined Irvine-based Passco Cos. as General Counsel. He will handle all legal matters pertaining to the firm's investment of properties, oversee outside counsel and manage the firm's general corporate governance matters. Prior to joining Passco, Fitzgibbon served as General Counsel and a principal of the PRES Cos., a real estate company
- [Vickie Miller Selected as one of Southern California's Tomorrow's Leaders](https://www.passco.com/vickie-miller-selected-as-one-of-southern-californias-tomorrows-leaders/) - Southern California is one of the most active regions of the nation when it comes to commercial real estate. Be it leasing or investment, operations or advising, the CRE professionals in the area have their hands full. The active market is also providing the perfect platform for young women and men who have entered this
- [How to Perfect Elevator Networking](https://www.passco.com/how-to-perfect-elevator-networking/) - The traditional elevator pitch may be a thing of the past, but elevator networking is the wave of the future. The average elevator ride is 118 seconds long. For business owners and professionals, those few seconds can provide a tremendous opportunity for connection that can ultimately impact the success of their companies and careers. In the elevator,
- [Expanding a Firm’s Property-Sector Reach](https://www.passco.com/expanding-a-firms-property-sector-reach/) - Passco Cos.’ new VP investments Bob Peterson tells GlobeSt.com exclusively that his new position will allow the firm to augment its reach into various property sectors now that the economy is getting back on track. Following the recent announcement of his joining the firm, we spoke with Peterson about his new role there, how investors are standing out from
- [Cap Rate Limbo: How Low Can They Go?](https://www.passco.com/cap-rate-limbo-how-low-can-they-go/) - When Barbara J. Gaffen, co-CEO of Northbrook, Ill.-based Prime Property Investors, heard about the latest deal coming out of Chicago, she almost couldn’t believe her ears. Heitman, the Chicago-based global real-estate giant, had agreed to buy a 60-story, 504-unit luxury high-rise in the Loop for $328.2 million, or $651,000 per door, from the Related Companies.
- [There’s Something for Everyone in Multifamily](https://www.passco.com/theres-something-for-everyone-in-multifamily/) - Enough variety exists in multifamilyinvestment to satisfy foreign investors, value-add seekers and those looking for long-term yield, Passco Cos.’ SVP acquisitions Gary Goodman tells GlobeSt.com exclusively. We spoke with Goodman in the wake of NMHC’s Apartment Strategies Outlook Conference in Palm Springs last month to get his take on what investors are seeking, the foreign-investor outlook on this market and anticipated changes
- [Invest in Multifamily RIGHT NOW! Here's Why...](https://www.passco.com/invest-in-multifamily-right-now-heres-why/) - Multifamily markets. Multifamily investing strategies. Multifamily buying criteria. Today’s Best Ever guest is a multifamily expert and we talk all about multifamily. Click the link below to listen and learn baby! Joe Fairless 139: Invest in Multifamily RIGHT NOW! Here's Why... Gary Goodman’s real estate background: Senior VP of Acquisitions for Passco Companies based in Irvine, CaliforniaOver 30
- [Sea of Liquidity](https://www.passco.com/sea-of-liquidity/) - Fred Schmidt, president and COO of Coldwell Banker Commercial, believes debt and equity capital will be more available in 2015. And that's good news - at least for now - for the recovering commercial real estate market. The Mortgage Bankers Association has forecast origination by mortgage bankers will rise by 8 percent by the end
- [Are We in a Multifamily Bubble?](https://www.passco.com/are-we-in-a-multifamily-bubble/) - The question of whether we are in a multifamily bubble is one that has recently been on the minds of many real estate investors. While predicting the future with certainty is impossible, there are some compelling facts that suggest that multifamily investments will continue to outperform all other types of real estate. Is there enough demand?
- [How Next Gen is Changing the Face of CRE](https://www.passco.com/how-next-gen-is-changing-the-face-of-cre/) - Millennials have created a revolution in the commercial real estate industry with their fresh and unique approach to life and their shifting priorities in the workplace, at home and in their leisure time. GlobeSt.com spoke exclusively with CRE experts about the most significant ways Millennials have changed the face of the industry. Stay tuned for an upcoming feature
- [Lansner: Be thankful for these trends](https://www.passco.com/lansner-be-thankful-for-these-trends/) - It’s the day to give thanks – for family, friends, food … and in this forum, fortunes. I asked some folks in the local business community about what economic and industry trends they were thankful for – not a tough question in a year when most economic indicators performed as well as they have since the
- [Passco Acquires Newly Constructed Leed Gold Certified Class AA Multifamily Community in Greater Atlanta](https://www.passco.com/passco-acquires-newly-constructed-leed-gold-certified-class-aa-multifamily-community-in-greater-atlanta/) - Passco Companies, LLC has acquired the recently completed 238-unit Class AA multifamily community Twenty25 Barrett. The LEED Gold certified community, which was completed in February 2014, is located just outside Atlanta in the City of Kennesaw, Georgia, within business-centric Cobb County, according to Gary Goodman, Senior Vice President Acquisitions of Passco Companies. “Twenty25 Barrett is
- [Millions of New Households Could Soon Form](https://www.passco.com/millions-of-new-households-could-soon-form/) - Stagnant incomes and rising rents left the US with an unprecedented number of doubled-up households as people moved in together to make ends meet. That is according to locally based Zillow. The firm says that all those roommates have changed the American housing landscape, with 5.4 million households that would exist under normal conditions instead
- [Passco Reenters the Retail Market](https://www.passco.com/passco-reenters-the-retail-market/) - Passco President Larry Sullivan is interviewed by Kelsi Maree Borland of GlobeSt.com about Passco's return to the retail market. In the interview Mr. Sullivan talks about Passco's rich experience in retail, their transition in the early 2000s, and why the company is returning to the retail sector.
- [Passco Acquires 244-unit Multifamily Community in South Carolina](https://www.passco.com/passco-acquires-244-unit-multifamily-community-in-south-carolina/) - Passco Companies, LLC has acquired the 244-unit Class A multifamily community Vinings at Laurel Creek. The newly constructed community, which was completed in 2013, is located in the highly desirable Greenville-Spartanburg-Anderson region of South Carolina known as “Upstate,” according to Gary Goodman, Senior Vice President Acquisitions of Passco Companies. “The Upstate region of South Carolina
- [Passco Companies, LLC Forms Joint Venture with Insite Properties, LLC](https://www.passco.com/passco-companies-llc-forms-joint-venture-with-insite-properties-llc/) - Passco InSite, LLC, a joint venture between Passco Companies, LLC and Insite Properties, LLC, has acquired the 270-unitClass B garden-style multifamily community Ovation at Tempe. According to Bill Passo, CEO and Founder of Passco Companies, this new joint venture is an extension of a 20-year relationship with long-standing track record, market expertise and multifamily investment experience. According to Passo,
- [Passco Companies Invests More Than $135 Million in Raleigh-Durham Multifamily Market](https://www.passco.com/passco-companies-invests-more-than-135-million-in-raleigh-durham-multifamily-market/) - Passco Companies, LLC has acquired its fourth multifamily property in the Raleigh-Durham area of North Carolina. The company acquired the 324-unit The Columns at Wakefield apartment homes, bringing its total investment in the region’s multifamily market to $135 million in the past year. “The Research Triangle area encompassing the Raleigh-Durham-Chapel Hill markets continues to demonstrate
- [From Luxury Theaters to the Full Entertainment Center](https://www.passco.com/from-luxury-theaters-to-the-full-entertainment-center/) - In 2005, Passco Companies acquired The Promenade at Howard Hughes Center in Los Angeles, and became one of the first retail owners in the U.S. to own a center with a luxury movie theater tenant. The theatre drew patrons not only from the local West Los Angeles market but also from long distances such as the Valley and Long
- [Commercial Property Executive Executive Spotlight: Bill Passo, Passco Cos.](https://www.passco.com/commercial-property-executive-executive-spotlight-bill-passo-passco-cos/) - Nearly 40 years ago now, Bill Passo turned from law to real estate for an entirely practical reason: With four young daughters at home, he knew there were going to be lots of family-oriented expenses coming his way. “When I started practicing law, a new lawyer coming out of law school was making $700 a
- [Passco Acquires Third Raleigh-Durham Multifamily Property in Nine Months](https://www.passco.com/passco-acquires-third-raleigh-durham-multifamily-property-in-nine-months/) - In keeping with its ongoing strategy to acquire high quality, core multifamily assets in high-growth areas outside of primary markets, Passco Companies, LLC has acquired its third Class A multifamily community in Raleigh-Durham in the past nine months. The firm acquired Carrington at Brier Creek, a 270-unit luxury garden-style multifamily property in Raleigh, N.C., according to
- [Are the Bulls Still Running the Market?](https://www.passco.com/are-the-bulls-still-running-the-market/) - In 2010, a trio of executives from Marcus & Millichap Real Estate Investment Services Inc. delivered a special presentation, "US Economic, Capital Markets and Apartment Market Overview and Outlook," in which they said that the multifamily industry was heading for its next bull run. Zeroing in on the investment market for multifamily was Linwood Thompson,
- [Multifamily Investments on the Rise for 2014](https://www.passco.com/multifamily-investments-on-the-rise-for-2014/) - Multifamily has been the darling of investors for a little while now - but will this winning streak continue, or is another asset type poised to take its place? WREB talked to some of the West's top multifamily experts to find out. Is there still a lot of potential for investors to buy value-add multifamily properties? Goodman: This
- [Passco Seeks Core in Secondary Markets](https://www.passco.com/passco-seeks-core-in-secondary-markets/) - GlobeSt.com recently chatted with Gary Goodman, SVP of acquisitions at Passco Cos. on multifamily and whether or not the bulls still control the market, a topic also soon to be featured in the February/March issue of Real Estate Forum. Goodman also discussed value-add as well as Passco’s focus on core assets in secondary markets and the reasons why.
- [Passco Companies Acquires 246-Unit Multifamily Community in Raleigh, NC](https://www.passco.com/passco-companies-acquires-246-unit-multifamily-community-in-raleigh-nc/) - Passco Companies, LLC, has acquired Wakefield Glen Apartments, a 246-unit luxury Class A multifamily community located in Raleigh, North Carolina, according to Gary Goodman, Senior Vice President, Acquisitions of Passco Companies, LLC. The company closed on the Wakefield Glen acquisition in only 45 days. “Wakefield Glen demonstrates deep potential for growth and stability, making it
- [Passco Companies Completes Acquisition in Colorado Springs](https://www.passco.com/passco-companies-completes-acquisition-in-colorado-springs/) - Passco Companies, LLC., a privately held Calif.-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has completed the acquisition of “Vue21,” formerly known as Alexan at Briargate, a 332-unit Class A multifamily community located in Colorado Springs, Colo., according to Gary Goodman, Senior Vice President, Acquisitions
- [Economics of Retail Real Estate Improving](https://www.passco.com/economics-of-retail-real-estate-improving/) - Capacity rates are beginning to look attractive again for investors focused on cash flow. After several years during which multifamily real estate was a popular investment as increased demand drove up the cost of available properties, it's time for a change in real estate investment. Today the commercial real estate industry is abuzz with whispers
- [Passco Renews Focus on Land Development](https://www.passco.com/passco-renews-focus-on-land-development/) - Passco Cos. has demonstrated its renewed focus on land development by hiring industry veteran Scott Allen as president of Passco Cos. Development LLC. According to Bill Passo, CEO and founder of Passco Cos., Allen will be actively pursuing land acquisition in Southern California, targeting available land at purchase prices between $1 million and $20 million. Passo adds that Allen will spearhead land-acquisition
- [Dave & Busters and Buffalo Wild Wings Now at The Promenade at Howard Hughes](https://www.passco.com/dave-busters-and-buffalo-wild-wings-now-at-the-promenade-at-howard-hughes/) - Patrons in Los Angeles’ Westside seeking a combination of food and entertainment won’t have to look beyond their own neighborhood for much longer. The Promenade at Howard Hughes Center has announced the addition of two new entertainment-focused restaurants, Dave & Buster’s and Buffalo Wild Wings. Both restaurants are currently under construction, according to Belinda Jacobs, General
- [Scott Allen Hired as New President of Passco Development](https://www.passco.com/scott-allen-hired-as-new-president-of-passco-development/) - Industry veteran Scott Allen joins the firm as new President of Passco Development A renewed focus on land development has been announced by Passco Companies, LLC., a privately held Calif.-based commercial real estate company. The company has hired real estate industry veteran Scott Allen as its new President of Passco Companies Development, LLC. “The opportunity
- [Silicon Beach Demands More Entertainment](https://www.passco.com/silicon-beach-demands-more-entertainment/) - In response to the arrival of creative and tech companies in West Los Angeles’ Silicon Beach, the Promenade at Howard Hughes Center has decided to rebrand as an entertainment destination. Passco Cos. LLC, a commercial real estate company, is leading the center’s transformation. “The business and residential submarkets surrounding the Promenade at Howard Hughes Center have undergone a massive demographic transformation
- [Passco Increases Investment Portfolio With Multifamily Community Acquisition Near North Carolina's Research Triangle Park](https://www.passco.com/passco-increases-investment-portfolio-with-multifamily-community-acquisition-near-north-carolinas-research-triangle-park/) - Passco Companies, LLC., a privately held Calif.-based real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S., has completed the acquisition of “Encore at the Park,” formerly known as Century Creek, a 280-unit multifamily community located one mile from North Carolina’s Research Triangle Park in Durham, according
- [Retail-Acquisition Competition Heats Up](https://www.passco.com/retail-acquisition-competition-heats-up/) - As the economy improves, retailers are spending more money, generating improved sales for retailers. This has helped spur an increase of interest in the retail real estate sector by investors, and transactions are starting to take place again. For good properties in well-located areas, competition is getting very strong. Gary Goodman, vice president of acquisitions at Passco
- [Passco Acquires Another New Class A Apartment Community in Noblesville, Indiana](https://www.passco.com/passco-acquires-another-new-class-a-apartment-community-in-noblesville-indiana/) - Passco Companies, a Calif.–based real estate investment company, has completed the acquisition of Autumn Breeze, a 280-unit Class A apartment community located in the suburb of Indianapolis, IN. The property was 95% leased at the time of the acquisition. This acquisition brings Passco’s multifamily portfolio to 33 properties, with more than 10,000 units nationwide. Passco
- [More Stable Economy Boosts Consumer](https://www.passco.com/more-stable-economy-boosts-consumer/) - The improvements in the economy, though incremental, are making the consumer more willing to spend, says Larry Sullivan, the president of PASSCO Cos. He spoke with us here are the recent RECon show. Among the other topics he spoke about were: The types of retail goods that consumers are acquiring.How home-improvement retailers are faring with a stronger housing
- [Playing the Cycles](https://www.passco.com/playing-the-cycles/) - Bill Passo, the founder of Passco Cos., talks about how his firm got back into retail real estate in addition to multifamily. He spoke with us at the ICSC RECon show here. Passo also spoke about: The different buyers looking at retail real estate.The kinds of retail real estate tenants that are looking at expanding.Buying and
- [Larry Sullivan Named President of Passco Companies](https://www.passco.com/larry-sullivan-named-president-of-passco-companies/) - William O. Passo, founder and CEO of Passco Companies, LLC, has announced the appointment of Larry K. Sullivan as president of the company following the resignation of former president William H. Winn, effective May 30, 2013. With more than 30 years of experience directing real estate and syndication activities for institutional and private investors, Mr.
- [Passco Companies Secures Refinancing for Villa Toscana Apartments](https://www.passco.com/passco-companies-secures-refinancing-for-villa-toscana-apartments/) - Passco Companies LLC has successfully arranged $33 million in refinancing for Villa Toscana, a unique, 504-unit, luxury multifamily property in Houston, TX. The fixed-interest, 3.77 percent loan is for 10 years. The Freddie Mac loan was arranged by Trevor Brotman of Well Fargo Bank. In announcing this deal, Passco President William Winn said, "This is
- [Passco Secures Refinancing for Houston-Area Apartment Complex](https://www.passco.com/passco-secures-refinancing-for-houston-area-apartment-complex/) - Passco Companies, LLC has successfully arranged refinancing for Stoneleigh on Kenswick, a 318-unit, luxury multifamily complex in Humble, TX, The new loan is for $18.5 million and the property was 96.5 percent occupied at the time of closing. The Freddie Mac loan was arranged by Trevor Brotman of Well Fargo Bank. "We are grateful to
- [Passco Acquires The Enclave at Rivergate, a Luxury Apartment Community in Charlotte](https://www.passco.com/passco-acquires-the-enclave-at-rivergate-a-luxury-apartment-community-in-charlotte/) - Passco Companies, LLC, a real estate investment firm based in Irvine, Calif. specializing in the tenant-in-common investment structure, has acquired The Enclave at Rivergate, a 216-unit, Class A apartment complex in Charlotte, NC. Located at 12400 Toscana Way, this luxury apartment community is in a dynamic growth area of Charlotte’s Metropolitan Service Area and in
- [Passco Acquires The Glen at Alexander](https://www.passco.com/passco-acquires-the-glen-at-alexander/) - Passco Companies, LLC, a real estate investment firm based in Irvine, Calif., specializing in the acquisition and asset and property management of multifamily, retail and office properties throughout the U.S, has acquired The Glen at Alexander, a luxury multifamily complex in Augusta, GA, announced Passco President Bill Winn. Located at 1040 Alexander Drive, this Class
- [New Dave & Buster's to open at Passco's Promenade at Howard Hughes Center](https://www.passco.com/new-dave-busters-to-open-at-passcos-promenade-at-howard-hughes-center/) - Dave & Busters, a popular restaurant-entertainment venue, is coming to the Promenade at Howard Hughes Center, a 248,000-square-foot retail-entertainment center in Los Angeles owned by Passco Companies, LLC, a real estate investment firm based in Irvine, Calif. Dave & Busters has signed a 15-year lease for a 40,207-square-foot space at the center, which is located

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## Portfolio

- [The Griffon at Vero Beach](https://www.passco.com/portfolio/the-griffon-at-vero-beach/)
- [Alara Promenade](https://www.passco.com/portfolio/altis-promenade/)
- [Prism at Diamond Ridge](https://www.passco.com/portfolio/prism-at-diamond-ridge/)
- [Tapestry Turfway](https://www.passco.com/portfolio/tapestry-turfway/)
- [Prime Living of West Knoxville](https://www.passco.com/portfolio/trustwell-living-of-west-knoxville/)
- [Slate at Merrimack](https://www.passco.com/portfolio/8479/)
- [Encore](https://www.passco.com/portfolio/encore/)
- [Soltair Cypress Creek](https://www.passco.com/portfolio/tapestry-cypress-creek/)
- [Tapestry Ridge](https://www.passco.com/portfolio/tapestry-ridge/)
- [The Kendrick](https://www.passco.com/portfolio/avana-lenox/)
- [Chestnut Farm](https://www.passco.com/portfolio/chestnut-farm/)
- [Cortona at Forest Park](https://www.passco.com/portfolio/cortona-at-forest-park/)
- [Sawgrass Point](https://www.passco.com/portfolio/sawgrass-point/)
- [One Riverwalk](https://www.passco.com/portfolio/one-riverwalk/)
- [Canal 1535](https://www.passco.com/portfolio/canal-1535/)
- [Springhouse](https://www.passco.com/portfolio/springhouse/)
- [Velo Shelby Farms](https://www.passco.com/portfolio/velo-shelby-farms/)
- [TruNorth at Bulverde](https://www.passco.com/portfolio/trunorth-at-bulverde/)
- [The Henry at Fritz Farm](https://www.passco.com/portfolio/the-henry-at-fritz-farm/)
- [The Fitzroy Chenal](https://www.passco.com/portfolio/the-fitzroy-chenal/)
- [Park 35 on Clairmont](https://www.passco.com/portfolio/park-35-on-clairmont/)
- [One Hampton Lake](https://www.passco.com/portfolio/one-hampton-lake/)
- [Sea Glass](https://www.passco.com/portfolio/sea-glass/)
- [Reserve at Nocatee](https://www.passco.com/portfolio/reserve-at-nocatee/)
- [Sea Sound](https://www.passco.com/portfolio/sea-sound/)
- [Aventine West Melbourne](https://www.passco.com/portfolio/aventine-west-melbourne/)
- [Cadence](https://www.passco.com/portfolio/cadence/)
- [Lullwater at Jennings Mill](https://www.passco.com/portfolio/lullwater-at-jennings-mill/)
- [Grand Oaks at Crane Creek](https://www.passco.com/portfolio/grand-oaks-at-crane-creek/)
- [The Harrison at Braselton](https://www.passco.com/portfolio/the-harrison-at-braselton/)
- [The Mill at New Holland](https://www.passco.com/portfolio/the-mill-at-new-holland/)
- [The Atworth at Mellody Farm](https://www.passco.com/portfolio/the-atworth-at-mellody-farm/)
- [Sweetwater Apartments](https://www.passco.com/portfolio/sweetwater-apartments/)
- [Tapestry Long Farm](https://www.passco.com/portfolio/tapestry-long-farm/)
- [The Collins](https://www.passco.com/portfolio/the-collins/)
- [Watervue](https://www.passco.com/portfolio/watervue/)
- [The PARQ at Chesterfield](https://www.passco.com/portfolio/the-parq-at-chesterfield/)
- [Tapestry Northridge](https://www.passco.com/portfolio/tapestry-northridge/)
- [The District Lofts](https://www.passco.com/portfolio/the-district-lofts/)
- [Enclave at Woodland Lakes](https://www.passco.com/portfolio/enclave-at-woodland-lakes/)
- [River Oaks Self Storage](https://www.passco.com/portfolio/river-oaks-self-storage/)
- [Lakeview Villas](https://www.passco.com/portfolio/lakeview-villas/)
- [Sapphire Bay](https://www.passco.com/portfolio/sapphire-bay/)
- [The Grayson](https://www.passco.com/portfolio/the-grayson/)
- [Tribute at the Rim](https://www.passco.com/portfolio/tribute-at-the-rim/)
- [Vecina Apartment Villas](https://www.passco.com/portfolio/vecina-apartment-villas/)
- [The Preserve at Catons Crossing](https://www.passco.com/portfolio/the-preserve-at-catons-crossing/)
- [Estelle](https://www.passco.com/portfolio/estelle/)
- [Riverhouse](https://www.passco.com/portfolio/riverhouse/)
- [Legacy on the Bay](https://www.passco.com/portfolio/legacy-on-the-bay/)
- [Ocean Walk](https://www.passco.com/portfolio/ocean-walk/)

## Categories

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## Project Categories

- [State](https://www.passco.com/project-type/state/)
- [Alabama](https://www.passco.com/project-type/alabama/)
- [Arkansas](https://www.passco.com/project-type/arkansas/)
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- [Texas](https://www.passco.com/project-type/texas/)
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- [New Hampshire](https://www.passco.com/project-type/new-hampshire/)
- [Pennsylvania](https://www.passco.com/project-type/pennsylvania/)