(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

BIRMINGHAM, AL-As part of its ongoing strategy to focus on multifamily assets in secondary and tertiary markets, Passco Cos. LLC acquired the 260-unit Stonegate from local seller EBSCO Income Properties LLC. The Southern California buyer’s plan is to improve operating expenses and perform light upgrades on the five-year-old multifamily property, then increase rents.

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