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| Suzy Cottle |
IRVINE, CA (Jan. 25, 2017) – 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 acquisition volume totaling over $540 million,” says Sullivan who
notes that the firm’s strong in-place team will play a tremendous role in
doubling that figure this year.
“Alan and Suzy have continuously demonstrated
their expertise in real estate and will both be key to our smooth operations,
financing, and investor reporting as we rapidly grow this year. By design,
we’re readying our own infrastructure to ensure a positive experience for our
clients, investors, partners and colleagues.”
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| Alan Clifton |
In his new position,
Clifton will negotiate and secure financing for new acquisitions as well as
maturing asset loans, and oversee Company Operations, Passco Property
Management and Passco Management Services. Clifton will continue his role
within Passco Companies Development.
Clifton, a Certified
Property Manager and licensed California Real Estate Salesperson, currently
serves as the Western Division Operations Chair for the International Council
of Shopping Centers (ICSC) and is also an active member of the Commercial Real
Estate Development Association (NAIOP) and the Mortgage Banker Association
(MBA) and National Multifamily Housing Council (NMHC).
 |
| Larry Sullivan |
In her new role, Cottle,
who has been with Passco since 2004, will be responsible for overseeing all
financial reporting, risk management and strategic banking relationships for
Passco Companies and its affiliates.
Cottle is currently a member of Commercial
Real Estate for Women (CREW), Alternative Direct Investments Securities
Association (ADISA) and National Multifamily Housing Council (NMHC).
Passco Companies, LLC is a
nationally recognized market leader in the acquisition, development, and
management of multi-family and commercial properties throughout the U.S.
For more than 18 years,
Passco has delivered sound investment strategies to clients and partners,
enabling them to create, maintain, and add value to their portfolios through a
full set of real estate services, including investment advice, asset
management, and brokerage, as well as property development, construction, and
management services.
For a complete copy of the company’s news release,
please contact:
Lauren Burgos/Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940
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