 |
| Jeff Olshan |
Irvine, CA (May 13, 2019) – Passco
Companies, a privately-held
California-based real estate company that specializes in acquisition,
development and property and asset management throughout the U.S., has announced
a milestone: the firm has reached $3.5 billion in multifamily transaction
volume.
“Passco is extremely deliberate in implementing our real estate
strategies,” says Jeff Olshan, Senior Vice President, Multifamily
Investments at Passco. “We continue to be active buyers of real estate as we
seek out the right multifamily opportunities in growth markets across the
country.”
On the disposition side, Passco sold six multifamily assets in 2018,
capitalizing on demand that delivered profitable prices ahead of initial
projections.
 |
| Larry Sullivan |
“Passco’s success in the dynamic multifamily market over the past 15 years
can be credited to our team’s ability to identify opportunities in submarkets
poised for growth, to operate these assets in a way that strategically and
consistently targets maximum performance, while keeping our finger on the
market pulse to determine the opportune time to sell,” says Olshan.
Passco’s investment strategy is broad-based among all markets but recently
has primarily centered on secondary and tertiary markets with high-growth
demand drivers and measureable competition.
“As demand rises in these secondary and tertiary
markets, we continue to attract a highly competitive field
of potential buyers and secure pricing levels that deliver strong overall
returns,” says Olshan.
Passco’s President Larry Sullivan adds, “Our $3.5
billion milestone in multifamily transaction volume to date strengthens our
position as a major player in the market.
"Looking ahead, Passco will continue to expand our
multifamily portfolio, while also diversifying into other sectors where strong
growth fundamentals are present, including self-storage, active adult seniors
housing, and niche-opportunity retail.”
Contacts:
Micaela Fehrenbach / Elisabeth Manville
Brower Group
(949) 438-6262
No comments:
Post a Comment