 |
| Colin Gillis |
Estero, FL -- Passco Companies has acquired Springs at Estero, an institutional
grade, Class A, 260-unit multifamily community in Southwest Florida for $53.5
million. The brand new, stabilized property is in the submarket of Estero
within the Fort Myers / Cape Coral MSA.
“The acquisition of Springs at Estero, which we plan to rebrand as
Longitude 81o, is reflective of our ongoing strategy to acquire core assets
with long-term growth potential in dynamic markets across the Southeast,” says
Colin Gillis, Vice President of Acquisitions for the Southeast at Passco
Companies.
“This is our fourth acquisition in Florida in the last 12 months. We
continue to find exceptional investment opportunities throughout the state. We
are especially excited to make our first acquisition in Southwest Florida,
which is experiencing rapid economic expansion driven by explosive job and
population growth.”
For a complete copy of the company’s news release, please contact:
Lauren Burgos/ Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940
Lburgos@browermillercole.com
No comments:
Post a Comment