 |
| Brooks Foy |
Irvine, CA (April 24, 2018) – 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 to drive our plan for growth forward
in our 20th year, we are delighted to establish our seventh office in six
states,” explains Larry Sullivan, President of Passco Companies.
“With a current Florida portfolio of eight properties
totaling nearly 2,400 units, we knew that Orlando was the ideal, central
location for our next office.
 |
| J. Alex Brown |
"We look forward to deepening our relationships
and expertise in the region as we continue to manage our existing portfolio and
identify new opportunities in submarkets throughout the state.”
The firm’s Orlando office will be spearheaded by
seasoned property management professional Brooks Foy, who
joins Passco as an Investment Manager from Greystar.
In addition to Foy, Passco
recently appointed four new team members across the firm’s departments and
geographical regions, notes Sullivan.
“We are honored to welcome these exceptional
individuals to our team, who will all play critical roles in overseeing and
expanding our portfolio,” says Sullivan. “We are experiencing rapid growth that
has allowed us to bring on these five new team members within just one month,
as we prepare for further expansion.”
 |
Nika Dufour
|
In his new role, Foy will be responsible for
overseeing the management of a portion of Passco’s $2.5 billion investment
portfolio, as well as play an instrumental role in strengthening the firm’s
presence in Florida in conjunction with the establishment of the new Orlando
office.
Prior to joining Passco, Foy most recently served as
a Senior Regional Manager with Greystar. He has also held positions with
the Irvine Company, Elmington Property Management, and AvalonBay
Communities over his 11-year career in the real estate industry.
He
holds a Bachelor of Arts in Business Administration and Management from California
State University, Channel Islands
 |
| Stephen Biehle |
Joining Passco’s executive team out of its Dallas,
Texas office is J. Alex Brown as Vice President, Realty Investments. Brown has
nearly 15 years of experience in the real estate investment industry, in both
the finance and asset management spaces.
In his new role, Brown will oversee due
diligence and financing for Passco’s acquisitions of multifamily and commercial
properties nationwide, as well as transitional asset management.
Brown most recently served as Director of Asset
Management with Presidium Group, where he was responsible for the firm’s entre
multifamily portfolio and successfully oversaw a total of more than $460
million in property sales and refinances.
Prior to
that, he held the position of Asset Manager with ORIX Capital Markets. He
earned a Bachelor of Business Administration in Real Estate from Baylor
University.
Passco has also brought on an experienced
multifamily asset management expert Nika Dufour to its
executive team as Vice President, Multifamily Investments. She will be based
out of the firm’s Atlanta, Georgia office.
 |
| Lino Lourenco |
In her new role, she will oversee a portfolio of
properties located in Georgia and South Carolina and supervise the continued
development of policies, processes and procedures for the multifamily portion
of Passco’s $2.5 billion portfolio, which totals nearly 12,000 units.
Dufour has more than 15 years of real estate and
finance experience with a focus on asset and portfolio management. Before
joining Passco, Dufour served as Director of Asset Management at Gables
Residential, where she was responsible for a portfolio of multifamily assets
valued at more than $1.5 billion. She also served as Senior Director of Capital
Markets and Finance at AvalonBay Communities.
She holds a Chartered Financial Analyst designation,
a Master of Business Administration from Tulane University in New Orleans, and
a Bachelor of Chemical Engineering from the Georgia Institute of Technology.
 |
Larry Sullivan
|
Joining Dufour in the firm’s Atlanta office is Stephen Biehle, an
experienced real estate investment professional and Chartered Alternative
Investment Analyst Designee.
In his new role as a Senior Analyst, Multifamily
Investments, he will work closely with Passco’s Multifamily Investments’ team
to manage and evaluate the existing portfolio and identify areas for growth and
opportunity.
He most recently served as a Senior Underwriting
Analyst at Walker & Dunlop and holds a Bachelor’s in Finance and Economic
from the University of Nevada.
The firm has also added Lino Lourenco as a
Financial Analyst, Realty Investments. In his new role, he will be responsible
for financial analysis related to the acquisition and due diligence of real
estate assets, and will be based out of Passco’s corporate headquarters in
Irvine, California.
Lourenco has several years of experience in the
investment management and analysis industry, most recently serving as a
Financial Analyst, Portfolio Management with the Irvine Company. His previous
experience also includes roles with Canterbury Consulting and Morgan Stanley.
He holds a Chartered Financial Analyst designation
and a Bachelor of Science in Finance from California State University, Long
Beach.
Passco’s team currently operates nationwide out of
six offices in five states: Irvine, California; Denver, Colorado; Dallas,
Texas; Austin, Texas; Littlerock, Arkansas, and Atlanta, Georgia. The firm’s
Orlando, Florida office will open in Summer 2018.
For more information, please contact:
Elisabeth Manville / Lexi Astfalk
Brower Group
(949) 955-7940
No comments:
Post a Comment