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Passco Cos. is on track to accomplish its goal of buying $1 billion in apartment assets this year. In the first half of 2021, the firm has spent $445.7 million on six properties totaling 1,781 units.

The company has targeted properties with strong cash flow, the cornerstone characteristic of its investment strategy. Under this strategy, Passco acquired Mill at New Holland, a 284-unit community in Gainesville, Georgia; The PARQ at Chesterfield, a 345-unit community in Chesterfield, Missouri; The Fitzroy at Chenal, a 294-unit community in Little Rock, Arkansas; Altis Promenade, a 338-unit community in Tampa, Florida; The Collins, a 272-unit community in Covington, Louisiana. It’s most recent purchase is The Harrison at Braselton in Buford, a 248-unit property in Georgia.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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