ORLANDO, FL—Passco Companies is strengthening its presence in the Southeast with the opening of a new office in Orlando that will be headed by former Greystar executive Brooks Foy.
The Irvine, CA-based real estate investment and development firm also reports that it has brought on four additional executives to expand its nationwide operations.
The new Orlando office is expected to begin operations this summer. Foy joins Passco as an investment manager and most recently served as a senior regional manager with Greystar. He previously held positions with the Irvine Co., Elmington Property Management and AvalonBay Communities over his 11-year real estate career.
“As we continue to drive our plan for growth forward in our 20th year, we are delighted to establish our seventh office in six states,” says Larry Sullivan, president of Passco Cos. “With a current Florida portfolio of eight properties totaling nearly 2,400 units, we knew that Orlando was the ideal, central location for our next office.”
Foy will be responsible for overseeing the management of a portion of Passco's $2.5-billion investment portfolio and will be charged with strengthening the firm's presence in Florida.
Passco also announced that J. Alex Brown, who most recently served as director of asset management with Presidium Group, is joining Passco's Dallas office as vice president, realty investments. Brown has nearly 15 years of experience in the real estate investment industry in both the finance and asset management sectors. Brown will oversee due diligence and financing for Passco's acquisitions of multifamily and commercial properties nationwide, as well as transitional asset management.
Passco has also hired Nika Dufour to its executive team as VP, multifamily investments. She will be based out of the firm's Atlanta office and will oversee the firm's Georgia and South Carolina portfolio of properties. She will also supervise the continued development of policies, processes and procedures for the company's multifamily portfolio, which totals nearly 12,000 units, the company states.
Before joining Passco, Dufour served as director of asset management at Gables Residential, where she was responsible for a portfolio of multifamily assets valued at more than $1.5 billion. She previously served as senior director of capital markets and finance at AvalonBay Communities.
Stephen Biehle has joined Paasco as a senior analyst, multifamily investments and will also be based in Atlanta. He most recently served as a senior underwriting analyst at Walker & Dunlop.
Passco also reports that Lino Lourenco has joined the firm as a financial analyst, realty investments and will work out of the company's corporate headquarters in Irvine, CA.
In addition to its corporate headquarters, Passco also has office locations in Denver, Dallas, Austin, Atlanta and Little Rock, AK.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
