Passco Companies

Passco Companies, LLC is an Irvine, California real estate investment company that acquires, develops and manages multifamily and commercial property across the United States. Its investor-facing business is 1031 exchange real estate, and it was an early sponsor of securitized 1031 offerings.

Offerings are sold through broker-dealers and registered investment advisors authorized to do so, not directly to the public, and each programme is made by prospectus. The firm pairs that with in-house acquisition, development and asset management, so the same company that sponsors an offering also runs the property.

Passco was formed in 1998 with a retail investment strategy in Central California, then redirected to multifamily, where it has grown to tens of thousands of units. It says it has completed over $9.0 billion in acquisitions with $4.6 billion in assets currently under management, and it has formed a strategic alliance with the national commercial real estate finance company Greystone. It lists an Irvine headquarters and an Atlanta office.

The site publishes headline totals but not current offering terms, load, or historical programme-level returns. Those come from the prospectus and the selling broker-dealer, and the firm has also posted a notice about an incident that may have affected the privacy of certain individuals' information.