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Passco, Blue Roc Premier Strike Florida Multifamily Deals

The acquisition brings Passco’s multifamily portfolio in the state of Florida to nine properties totaling more than 2,700 units.

Passco Companies will rebrand the luxury community, currently named Springs at Bee Ridge, as Longitude 82o. Passco Companies will rebrand the luxury community, currently named Springs at Bee Ridge, as Longitude 82o.

SARASOTA, FL—Just before the Memorial Day holiday, several significant multifamily purchases were announced in Florida. Irvine, CA-based Passco Companies has acquired a Sarasota rental community for $77.5 million, while Blue Roc Premier of Tampa has purchased six properties throughout the Sunshine State.

Passco purchased the 360-unit Springs at Bee Ridge at 5900 Wilkinson Road, which it will rebrand as Longitude 82o. The acquisition brings Passco’s multifamily portfolio in the state of Florida to nine properties totaling more than 2,700 units.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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