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.

In addition to significant acquisition activity, Passco also sold 102 properties in the first half of the year. The assets have generated record sales prices and returns.