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Passco Appoints National Sales Manager

Passco Companies, a sponsor of 1031 Delaware statutory trusts and other alternative investments, has appointed a national sales manager.

Passco Companies, a sponsor of 1031 Delaware statutory trusts and other alternative investments, has appointed Adriana Olsen to national sales manager.

With this promotion, Olsen, who previously served as the firm’s senior vice president of marketing, “deepens her role” across all marketing efforts on a national scale, said Belden Brown, executive vice president and partner at Passco.

“Adriana has played an instrumental part in Passco’s success over the past two decades, spearheading our firm’s marketing efforts and helping to cultivate our exceptional reputation among broker-dealer and investor communities throughout the country,” said Brown. “In her new role, she will oversee the marketing department’s initiatives to continue to strengthen Passco’s presence in the securities industry.

Prior to joining Passco roughly two decades ago, Olsen served as a licensed real estate agent with Prudential Real Estate.  She holds a bachelor’s degree from the University of Delaware and is an active member of the Alternative & Direct Investment Securities Association (ADISA).

Passco noted that Olsen’s appointment coincides with its “ongoing expansion,” as it continues to grow its capabilities and potentially move into new markets, product types, and investment channels.

Greystone, a commercial real estate finance company, acquired a minority ownership stake in Passco earlier this year. In addition, Passco said that it added 10 new team members in 2021 and nine year-to-date.

Passco Companies, a full-service real estate company, acquires, develops, and manages multifamily and commercial properties throughout the U.S., and provides other services such as asset management, property development and construction. The firm currently has $3.7 billion assets under management.

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