Passco Companies, a private commercial real estate company and sponsor of 1031 Delaware statutory trusts and other alternative investments, announced that Carey Levy has rejoined Passco Companies Development as president. He previously served in the same capacity from 2007 to 2013.
In his role, Levy will be responsible for overseeing development and value-add repositioning acquisitions, entitlements, construction, and financing on a national scale, across multiple real estate asset types.
“We are extremely pleased to have Carey return as part of the Passco team, where he will play a critical role as we continue to expand our platform and initiate an increasing number of development projects,” says Larry Sullivan, president of Passco Companies.
Levy has more than 30 years of experience in the commercial real estate investment and development industry. In addition to his previous work with Passco, he has been responsible for the management of real estate portfolios totaling more than $2 billion in value and previously served as chief operating officer of Granite Investment Group.
Passco Companies LLC focus on the acquisition, development, and management of multifamily and commercial properties throughout the U.S. and provides real estate services including asset and property management, leasing, and property development and construction. Headquartered in Irvine, California, the firm currently has $2.8 billion assets under management across the country.