Saturday, May 30, 2015

Passco Companies Acquires 300-Unit Class A Multifamily Community in Mobile, AL for $43 Million


The Arlington at Eastern Shore Apartments, Mobile, AL

MOBILE, AL  – Passco Companies, LLC has acquired The Arlington at Eastern Shore, a 300-unit, Class-A multifamily community located in the Spanish Fort suburb of Mobile, Alabama.

Gary Goodman
 The property was acquired using Fannie Mae financing, according to Gary Goodman, Senior Vice President Acquisitions of Passco Companies LLC.

“Located in the fastest-growing county in the state of Alabama, The Arlington at Eastern Shore has maintained an average occupancy rate of 96.5 percent over the past two years,” says Goodman. 

“With increasing population and job growth anticipated in the region, this property is poised for ongoing strong performance, and we are pleased to be able to provide such a concrete asset to our investors.”


Rock Apartment Advisors, a Birmingham, Alabama based multifamily brokerage team, facilitated the sale of the Arlington at Eastern Shore. 


For a complete copy of the company’s news release, please contact:

Corynne Randel / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

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