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Passco Pays $62M for Kentucky Multifamily Property

Completed in 2017, The Henry at Fritz Farm features a mix of one-bedroom, two-bedroom, and three-bedroom flats with modern design elements including open-concept floor plans, nine-foot ceilings, plank flooring, oversized patios or balconies and oversized windows.

The 306-unit The Henry at Fritz Farm was completed in 2017. The 306-unit The Henry at Fritz Farm was completed in 2017.

LEXINGTON, KY—Irvine, CA-based Passco Companies has acquired the 306-unit The Henry at Fritz Farm multifamily development here, part of the master-planned The Summit at Fritz Farm development here.

Colin Gillis, VP of acquisitions at Passco reports the firm paid $62.4 million from the Dobbins Group of Birmingham, AL. The Henry at Fritz Farm is integrated into The Summit at Fritz Farm, which is being developed by Bayer Properties of Birmingham, AL. The community features more than 280,000 square feet of Class A retail with a mix of local, regional and national tenants, including notable anchors Whole Foods, William Sonoma, Pottery Barn, lululemon and Anthropologie.

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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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