#United States #Irvine #Real Estate #Passco Companies #multifamily investment

Passco Companies Reports Substantial Growth

Passco Companies, a reputable real estate investment firm, has showcased its robust growth by successfully closing over $300 million in transactions during the first quarter of 2026. This significant milestone not only underscores the firm’s commitment to expansion but also reflects its strategic focus on multifamily and commercial assets across vital U.S. markets.

With its enhanced portfolio, Passco now manages approximately $4.3 billion in assets spanning across 17 states. The firm's disciplined investment strategy continues to pivot towards high-quality opportunities backed by promising long-term fundamentals.

Recent Acquisitions

One of the noteworthy acquisitions includes Preston Ridge, a 340-unit multifamily community situated in Hickory, North Carolina. This property, developed across 24.1 acres, boasts a variety of apartment homes ranging from one to three bedrooms. The Preston Ridge community offers modern construction paired with upscale amenities set amidst a picturesque forested backdrop. Key features include:

• - Thoughtfully designed apartment layouts with modern finishes
• - Smart home technology
• - Private outdoor spaces
• - A resort-style pool and fitness areas
• - Pet-friendly conveniences, including a dog park
• - EV charging stations

Additionally, Passco has fortified its market stance in the Boston Metropolitan Statistical Area (MSA) with the acquisition of Novella at Tuscan Village in Salem, New Hampshire. This property comprises 230 units and will be refashioned into an upscale apartment community with an array of amenity offerings:

• - Gourmet resident lounge
• - Outdoor gathering spots with fire pits
• - Fitness center and smart package room
• - Easy access to major transportation routes and local amenities

Expanding Strategic Presence

Colin Gillis, Chief Investment Officer at Passco, shared insights on the firm’s proactive approach: “Our strong start in 2026 encourages us to continue targeting high-quality assets in growth markets while consistently delivering exceptional value to our investors. Our expansion, particularly in major metropolitan areas like Boston, emphasizes our strategy to capitalize on high-demand regions.”

In addition to these prime acquisitions, the firm has also secured Allure at Edinburgh, a 280-unit Class A multifamily development in Chesapeake, Virginia. This property is anticipated to contribute significantly to Passco’s Q2 results, further enhancing its multifamily platform.

Looking Ahead

Passco Companies remains dedicated to its long-term vision of building with intention. Larry Sullivan, President of the company, stated, “We are continuing to build with intention, focusing on quality and long-term performance.” As the firm navigates through 2026, its strategic focus remains on identifying and capitalizing on market opportunities in areas with promising growth potential.

Through its successful investments and active expansion strategy, Passco Companies is well-positioned to amplify its reach within the multifamily sector, setting the stage for continued success in the years ahead.

About Passco Companies

Passco Companies stands as a vertically integrated real estate investment firm specializing in the acquisition, development, and management of multifamily and commercial properties throughout the United States. The firm is committed to delivering strong, risk-adjusted returns through disciplined investment strategies and operational excellence, ensuring the best outcomes for its investors and communities.

For inquiries, please contact:
Dayna Abdel
Vice President, Corporate Marketing
Passco Companies
Email
949.263.7933