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.