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COLORADO SPRINGS, CO-Passco Cos. LLC, a privately held Orange County, CA-based firm, has completed the $54 million acquisition of “Vue21,” formerly known as Alexan at Briargate. The 332-unit class A multifamily community is located in Colorado Springs, CO.

According to Gary Goodman, SVP of acquisitions for Passco, the deal closed in about 45 days. “Multifamily has been a hot product over the last few years and has provided lucrative opportunities for investors,” he explains. “At this time, it is much more challenging to identify strong investment opportunities in this sector.”

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