BLUFFTON, SC – GlobeSt.com exclusively reports that the privately-held commercial real estate company, Passco Cos. has acquired a 330-unit, class A multifamily in Bluffton, SC for $78 million.

The California-based company purchased the asset, One Hampton Lake, from Southeastern Co. in an off-market transaction.

Passco Cos., whom holds an established relationship with the seller, directly sourced the asset and competed the transaction with Southeastern Co.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.