#PasscoCompanies

[tradedmiami]

SALE IMAGE: William Passo & Jamie May DATE: 10/11/2023 ADDRESS: 5725 1st Avenue East MARKET: Bradenton ASSET TYPE: Multifamily ~ ACRES: 78.39 SELLER: Passco Companies (@PasscoCompanies) - William Passo BROKER: Jamie May (@JBMMultifamily) - JBM® Institutional Multifamily Advisors SALE PRICE: $102,000,000 UNITS: 400 ~ PPU: $255,000 NOTE: JBM® Institutional Multifamily Advisors has facilitated the $102 million sale of ParkCrest Landings in Southwest Florida, a 400-unit Class A property. Despite rising costs, JBM® Chairman & CEO Jamie May mentioned strong buyer interest, and this marks the second time the company has sold this asset, which offers a wide range of amenities and prime access to nearby parks and shopping. #Miami #RealEstate #tradedmia #MIA #ParkCrestLandings #Bradenton #Multifamily #PasscoCompanies #WilliamPasso #JamieMay #JBMInstitutionalMultifamilyAdvisors

[tradedmiami]

LOAN IMAGE: Caleb Marten & William O Passo DATE: 12/18/2023 ADDRESS: 3900 Roosevelt Boulevard MARKET: Key West ASSET TYPE: Multifamily ~ UNITS: 297 ~ ACRES: 97 LANDLORD: Passco Cos (@PasscoCompanies) - William O Passo BROKERS: Chris Neil & Caleb Marten - KeyBank Real Estate Capital (@Keybank) LOAN AMOUNT: $77,500,000 LOAN TYPE: Refinance LOAN TERMS: 10-year loan, which pays only interest for seven years and amortizes over a 30-year schedule NOTE: Passco Cos. has secured $77.5 million in refinancing for the 297-unit Ocean Walk Apartments in Key West, Florida. The 10-year Fannie Mae loan, arranged by KeyBank Real Estate Capital, includes a 7-year interest-only period, and Passco acquired the property for $101.5 million from Mast Capital and Rockpoint Group. #Miami #RealEstate #tradedmia #MIA #KeyWest #Multifamily #PasscoCos #WilliamOPasso #ChrisNeil #CalebMarten #KeyBankRealEstateCapital

[tradedmiami]

SALE IMAGE: Marc Swerdlow, Mike Kemether, William O. Passo, Darren Fisk, Thomas Jahncke, Alex Brown, Larry Sullivan & Robert Stickel DATE: 05/17/2021 ADDRESS: 2025 Barrett Lakes Boulevard MARKET: Kennesaw, GA ASSET TYPE: Multifamily BUYER: Forum Investment Group - Marc Swerdlow & Darren Fisk SELLER: Passco Companies - William O. Passo, Larry Sullivan & Thomas Jahncke BROKERS: Mike Kemether, Robert Stickel & Alex Brown - Cushman & Wakefield SALE PRICE: $64,750,000 UNITS: 238 ~ PPU: $272,059 #Miami #RealEstate #tradedmia #MIA #Twenty25Barrett #Kennesaw #Georgia #ForumInvestmentGroup #PasscoCompanies #MikeKemether #RobertStickel #AlexBrown #CushmanandWakefield