AUSTIN—Irvine, Calif.-based Passco Cos. LLC is expanding to Austin.

The company has opened a new office and has added industry veteran Shelli Cusack as director of asset management. Cusack will oversee the Austin office, and will also be responsible for a portion of Passco's multifamily portfolio encompassing more than 3,000 units in North Carolina, South Carolina and Georgia.

“As a national firm, we are actively investing in growth markets throughout the U.S.,” said Jeff Olshan, vice president of asset management at Passco Cos. “Passco's new presence in Austin will deepen our roots in the Southwest, providing our investors with additional expertise in this dynamic investment region.”