Passco Companies Elevates Alan Clifton to Chief Operating Officer Position

Passco Companies Promotes Alan Clifton to COO

Passco Companies, a prominent player in the national real estate investment sector, has officially announced the promotion of Alan Clifton to the position of Chief Operating Officer (COO). With an impressive background that spans over three decades in real estate acquisitions, finance, and management, Clifton has been an integral part of Passco's achievements over the past 25 years.

In his new role, Clifton is set to steer the company towards operational excellence, focusing on resource management and enhancing collaboration across different divisions. His main objective is to ensure that all departments align with the company’s overarching goals, thereby supporting the leaders of various teams in efficiently executing their business strategies. Working closely with Larry Sullivan, the President of Passco Companies, Clifton will implement strategic improvements aimed at refining internal operations and achieving remarkable outcomes for the firm. This role also emphasizes the significance of fostering a working environment where employees feel satisfied and driven to achieve their personal and professional goals.

Larry Sullivan remarked on Clifton’s leadership qualities, stating, "Alan's leadership and deep industry expertise have been instrumental in Passco's growth and evolution over the past two and a half decades. His ability to harmonize operational strategies with our company's vision has been significant, and we are confident that he will continue to lead Passco’s success as COO."

Clifton’s career is dotted with noteworthy leadership positions. Before stepping into his current role, he served as the Group President of BayHarbor Management Services and was a Founding Partner at Service Plus Financial. Additionally, he was the General Manager for Orange and San Diego Counties at CarrAmerica Realty, a major national Real Estate Investment Trust (REIT) traded on the NYSE.

His wealth of experience in managing real estate, operations, and finances has established him as a trusted authority in the industry. Clifton holds a Bachelor's degree in Economics from the prestigious University of California, Los Angeles (UCLA). He also possesses the Certified Property Manager (CPM®) designation and is a licensed Real Estate Salesperson in California. His commitment to professional development is evident through his active involvement in several key organizations, including the International Council of Shopping Centers (ICSC), where he chaired the Western Division Operations Committee. Moreover, he is engaged with the National Multifamily Housing Council (NMHC) and the Commercial Real Estate Development Association (NAIOP), among others.

Clifton expressed his enthusiasm about his new position by stating, "I am honored to step into the role of Chief Operating Officer and continue to contribute to Passco's growth and success. Our team is unparalleled in talent and dedication, and I look forward to further strengthening our operations to support both individual and company-wide achievements."

Passco Companies, founded in 1998, specializes in investing in Class A multifamily properties and has built a robust portfolio of assets exceeding $3.9 billion. Operating in over 20 states, the firm continually seeks to enhance its presence in both primary and secondary markets across the United States. For more insights into Passco Companies and their portfolio, visit www.passco.com.