We’re exhibiting at @ADISA’s 2025 Annual Conference & Trade Show — the must-attend event of the year for alternative investment professionals!

Visit us at Booth #413 to connect with our team. Learn more: https://www.adisa.org/events/2025-annual-conference-trade-show

The Alternative & Direct Investment Securities Association (ADISA) is a national trade association of professionals involved in primarily non-traded alternative investments. ADISA provides educational and networking opportunities for their members, and actively lobby for members’ interests on Capitol Hill, and in meetings with lawmakers and regulatory agencies.

Founded in Indianapolis, IN, in 2003, ADISA has grown to include 4,500 key decision-makers who represent more than 220,000 professionals, including sponsor members that have raised more than $200 billion in equity and serve more than 1 million investors.

Click here to learn more about ADISA: https://www.adisa.org/about-adisa

The post ADISA Annual Conference first appeared on Passco.

It’s a small gesture with a big purpose: restoring ecosystems, supporting biodiversity, and investing in a greener future for generations to come.

Together, we’re helping the world grow a little greener.

The post Passco Plants Trees in Honor of Employees first appeared on Passco.

Adriana also provides a thoughtful comparison between DST sponsors and other real estate sponsors, offering valuable perspective on what sets leaders in this space apart. Her insights reflect both her deep industry knowledge and the standard of excellence that defines Passco’s approach.

Tune in to hear Adriana’s take on today’s DST landscape and what advisors and investors should look for in a sponsor.

Watch the full video here: https://www.youtube.com/watch?v=9xVTCQ6lEmY

Great work, Adriana—you continue to lead the conversation and elevate Passco on the national stage!

The post Adriana Olsen Shares Expert Insights on High-Quality DST Sponsors first appeared on Passco.

Read the full list HERE

The post CPE 2024 Top Commercial Real Estate Owners first appeared on Passco.

A heartfelt thanks to everyone that helped us achieve this milestone. We’re excited to continue growing and innovating in the multifamily space!

Read the full list HERE

The post Passco Makes Top Multifamily Owners List first appeared on Passco.

Stacy Stemen’s foresight was fueled by a desire to foster a sense of community among women working in an industry where they often find themselves navigating a sea of male counterparts. Recognizing the need for a dedicated space where women could connect, network, and support each other, she proposed the idea of an exclusive brunch during the NMHC annual conference.

This year’s Women’s VIP Brunch, held at the San Diego Wine & Culinary Center, was a resounding success! Attendees were welcomed with an intimate and conducive environment for networking and collaboration, breaking away from the usual conference setting and allowing for meaningful connections to flourish.

Adding a touch of glamour and philanthropy to the event, the Women’s VIP Brunch partnered with renowned jewelry brand Kendra Scott. Kendra Scott generously donated gifts to all attendees, providing a token of appreciation for their presence. Additionally, Kendra Scott set up a jewelry display at the event, with all sales proceeds dedicated to CREW (Commercial Real Estate Women) Network’s local Orange County chapter. This partnership contributed to supporting CREW’s mission of empowering women in the CRE industry.

The Women’s VIP Brunch at the NMHC annual conference stands as a testament to the power of vision and the impact that can be achieved when women come together to support one another. As the brunch celebrates its third year, it is clear that this annual tradition is here to stay, providing inspiration and empowerment for years to come.

We extend our heartfelt gratitude to the event’s esteemed sponsors: Apartment Snapshot, Asset Essentials, ePremium, Flex, iApartments, Passco Companies, Pay Ready, ResidentIQ, ResMan, and Valet Living. Your generous support is truly appreciated.

The post Celebrating Three Years of Empowerment: Annual Women’s VIP Brunch at NMHC first appeared on Passco.

The panel, comprised of Orange County’s leading industry experts, examined the critical theme of “repositioning” in commercial real estate by discussing the dynamic intersections of money and assets in the ever-evolving market.

A featured speaker at the event was Larry Sullivan, President of Passco Companies, who shared his perspective on the challenges and opportunities within the real estate landscape. Larry’s contribution brought an additional layer of insight to the panel, enriching the discourse with Passco’s innovative ideas that are influencing and shaping the industry.

The diverse perspectives shared by the panelists provided a platform to share growth strategies in the ever-dynamic field of commercial real estate. Marking calendars for future events hosted by the Center for Real Estate is undoubtedly a wise decision for those eager to stay at the forefront of industry developments.

The post Larry Sullivan Speaks at UCI’s Paul Merage School of Business Center for Real Estate Breakfast Meeting first appeared on Passco.

Stacy Stemen’s discourse not only highlighted the power of social media as a marketing tool but also emphasized the ethical considerations and responsible practices necessary for effective and sustainable marketing.

The event bridged between the corporate world and young minds, aiming to equip the students with essential knowledge about navigating the dynamic landscape of social media marketing. Stacy Stemen shared the core principles and best practices essential for success in this ever-evolving field.

Passco strives to be a catalyst for educational growth within the communities it serves. By engaging with schools like Newport Harbor High School, Passco demonstrates its dedication to fostering growth in the next generation of marketers and professionals. As Passco continues its journey as an industry leader, it remains committed to creating meaningful connections, sharing expertise, and inspiring others to explore opportunities.

The post Passco Companies Shares Social Media Marketing Expertise with Newport Harbor High School Students first appeared on Passco.

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 immediately be learned. The previous owner acquired the building in a two-asset portfolio transaction in 2021, Yardi Matrix data shows, and took out a $45 million permanent loan from Metropolitan Life Insurance. The Class A property was 93 percent occupied at the time of the current sale.

Dating back to 2014, the five-story building encompasses studio, one- and two-bedroom layouts, varying between 575 and 1,264 square feet. Apartments feature washers and dryers, together with private balconies or patios in select units.

Common-area amenities at the 4.8-acre community consist of a fitness center, business center, clubhouse, community room and a spa. In addition, the are two swimming pools with cabanas, a coffee bar, a dog park and some 350 parking spaces.

Located at 5800 Highlands Plaza Drive, the building is close to Forest Park and several dining options. Brentwood Pointe, Brentwood Square and a Target are within 4 miles, while downtown St. Louis is 6.2 miles away. St. Louis Downtown Airport is 10 miles southeast.

The JLL Capital Markets team involved in the transaction included Senior Director Kevin Girard, Managing Director Mark Stern and Director Zach Kaufman. Earlier this fall, the same team brokered the $95 million sale of Woodlands of Crest Hill, a 730-unit community in Crest Hill, Ill.

According to a Yardi Matrix report, the St. Louis market remains steady, with an under-construction pipeline of 4,464 units as of August. In terms of supply, some 1,230 apartments came online through October, accounting for 1.0 percent of the existing stock. A total of 2,506 units are expected to be delivered until the end of the year, the same source shows.

However, multifamily transactions in the metro saw a steep decline, from $823 million in sales during the first eight months of 2022, to $404 million in the same period this year.

Originally published by www.multihousingnews.com.

The post Passco Buys 278-Unit St. Louis Community first appeared on Passco.

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 303-unit luxury apartment community completed in 2019 and located within Knox County in the Knoxville, TN MSA. The property is 97% occupied.

Through a long-term relationship with Augusta-based Southeastern, the developer of One Riverwalk, Passco was able to negotiate the direct purchase of the property, which represents the third direct transaction between the two firms since 2019. The total consideration of transactions between Passco and Southeastern has now exceeded $250MM. The other two assets include Grand Oaks at Crane Creek in Augusta, GA and One Hampton Lake in Bluffton, SC.

The purchase was subject to the assumption of a 10-year, $64.29MM Freddie Mac loan bearing a 3.12% fixed rate with over 3 years interest only periods remaining. The loan assumption was key to both firms finding mutually beneficial motivations to transact, during a time where multifamily transactions are down nationally nearly 75% since last year.

Passco was very attracted to the opportunity to expand their holdings in the Knoxville market and has experienced tremendous success from their performance of their other two multifamily assets in the market, Tapestry Turkey Creek and Trustwell Living of West Knoxville. Both assets have been outsized performers within Passco’s $4 billion portfolio. According to Colin Gillis, Senior Vice President of Acquisitions at Passco, “One Riverwalk has exhibited phenomenal performance metrics since reaching stabilization in 2020 which underscores how special the asset and location are. Apartment fundamentals within the Knoxville MSA are some of the strongest in the country and have remained consistently robust in a time where there has been significant softness across the rental sector nationally.”

“One Riverwalk is a one-of-a-kind generational opportunity to own what is arguably one of the best assets in one of the best locations in the state of Tennessee. The property has an unbelievable setting overlooking the Tennessee river and can be seen from nearly all parts of downtown. Having been built on top of the former abandoned Baptist Hospital in an underutilized blighted pocket of town, the property single handedly transformed the south side of Knoxville into a burgeoning hub of exciting new developments. Southeastern had tremendous vision when they undertook this project and the impact that One Riverwalk had on the immediate area has been truly phenomenal”, explains Gillis.

“We’re thrilled to partner with Passco on this transaction. The ongoing collaboration serves as a testament to our relationship and further demonstrates our ability to execute within these market conditions,” said Stanley Wuu, Director, Greystone, who works closely with Passco to help grow a portfolio of attractive multifamily investments for the two companies’ joint venture DST platform.

This waterfront property sits upon 3.35 acres boasting views of Downtown Knoxville. One Riverwalk is comprised of two 5-story residential buildings offering a mix of studio, 1, 2-bedroom units averaging 884 square feet. Each unit is modern with quartz countertops, luxury faux wood flooring, tile backsplash, stainless steel appliances, full lighting packages and beautiful views of the Tennessee River. The community is just a bridge away from everything and located at 151 E. Blount Ave. Knoxville, TN.

Originally published by Yahoo! Finance.

The post Passco Closes On Largest Apartment Acquisition In Passco History first appeared on Passco.