Back to all sponsors

Passco

Irvine, CA · Founded 1998 · passco.com

Firm Overview

Passco Companies is an Irvine multifamily and commercial sponsor, founded in 1998, whose founder Bill Passo helped pioneer the modern tenant-in-common 1031 structure that preceded the DST—giving the firm genuine standing in the history of securitized exchanges. With $4.1 billion in AUM as of late 2025 and more than $8 billion in lifetime acquisitions across multiple cycles, Passco concentrates on Class A multifamily in Southeastern and secondary/tertiary markets, owning or managing some 30,000 units. Its structural heritage and through-cycle acquisition record make it a seasoned, large-scale name in the category.

Visit Website

Offerings from this Sponsor

Track Record Summary

$4.1B
Assets Under Mgmt
1998
Year Founded
Irvine, CA
Headquarters
34
Full-Cycle Deals
12.33%
Avg Annual Return
1.92x
Avg Equity Multiple
5.68 Years
Avg Hold Period
100.00%
Success Rate

Realized Track Record

46 full-cycle investments

Investment Location Asset Hold (Yrs) Equity Multiple Annual Return
1000 WestCharleston, SCMultifamily52.16x16.64%
Almeria at OcotilloChandler, AZMultifamily52.51x20.20%
Arlington at Eastern ShoreSpanish Fort, ALMultifamily61.62x8.38%
Asheville ExchangeAsheville, NCMultifamily61.9x11.25%
Autumn BreezeNoblesville, INMultifamily71.66x7.53%
AzureSt. Petersburg, FLMultifamily41.51x10.81%
Broad River TraceColumbia, SCMultifamily71.63x7.27%
Cambridge at Hickory HollowAntioch, TNMultifamily52.47x19.83%
Carrington at Brier CreekRaleigh, NCMultifamily51.43x7.44%
Carrington ParkMontgomery, ALMultifamily71.61x7.00%
Columns at WakefieldRaleigh, NCMultifamily62.03x12.54%
Enclave at RivergateCharlotte, NCMultifamily62.01x12.35%
Encore at the ParkDurham, NCMultifamily51.61x10.04%
Estates at CrossroadsDuluth, GAMultifamily63.17x21.20%
Glen at AlexanderAugusta, GAMultifamily71.97x10.16%
Greenwood ReserveOlathe, KSMultifamily52.03x15.21%
Haven at West MelbourneBrevard, FLMultifamily42.x18.96%
Legends at Indian SpringsLouisville, KYMultifamily62.06x12.80%
Legends at WolfchaseMemphis, TNMultifamily71.86x9.24%
Lively at Carolina ForestMyrtle Beach, SCMultifamily42.14x20.97%
Lone OakRound Rock, TXMultifamily51.51x8.65%
Longitude 81Estero, FLMultifamily62.18x13.85%
Longitude 82Sarasota, FLMultifamily41.82x16.07%
LuxeScottsdale, AZMultifamily41.35x7.72%
Marcus PointePensacola, FLMultifamily61.97x11.92%
Mariner GroveSavannah, GAMultifamily52.55x20.60%
MarisolViera, FLMultifamily82.04x9.35%
Meadows at Home PlacePrattville, ALMultifamily71.75x8.32%
Merritt at SugarloafDuluth, GAMultifamily42.04x19.56%
Parkcrest LandingsBradenton, FLMultifamily72.04x10.70%
Pearce at PavilionRiverview, FLMultifamily61.73x9.55%
Point at TamayaJacksonville, FLMultifamily61.3x4.43%
StonegateBirmingham, ALMultifamily61.45x6.44%
Sundance CreekMcDonough, GAMultifamily62.01x12.33%
The IvyOrlando, FLMultifamily51.17x3.15%
The LexingtonNashville, TNMultifamily51.52x8.67%
The OverlookAntioch, TNMultifamily51.56x9.29%
The ParkerFairfax County, VAMultifamily51.36x6.32%
The ShelbyAlexandria, VAMultifamily51.26x4.70%
Twenty25Kennesaw, GAMultifamily73.84x21.19%
Two BlocksDunwoody, GAMultifamily52.11x16.08%
Veranda at Norton CommonsProspect, KYMultifamily62.27x14.64%
Vinings at Laurel CreekGreenville, SCMultifamily71.97x10.15%
Voyager at Space CenterNassau Bay, TXMultifamily41.31x7.06%
Vue21Colorado Springs, COMultifamily51.97x14.49%
Wakefield GlenRaleigh, NCMultifamily51.28x4.98%

For informational purposes only; not an offer to sell or a solicitation of any security. Sponsor track record — including full-cycle deals, average annual return, equity multiple, hold period, and success rate — describes the sponsor's prior programs, is provided by or derived from the sponsor, and is not indicative of the results of any current or future offering. Offerings are made only to verified accredited investors by means of a confidential private placement memorandum. Baker 1031 Investments is independent and sponsor-agnostic.