Passco to Open Orlando Office, Adds Five New Hires in Latest Expansion
Passco Companies LLC, a sponsor of 1031 Delaware statutory trusts and other alternative investments, has added an office in Orlando, Florida and five new hires to its nationwide team, including Brooks Foy, J. Alex Brown, Nika Dufour, Stephen Biehle, and Lino Lourenco.
Passco Companies LLC, a sponsor of 1031 Delaware statutory trusts and other alternative investments, has added an office in Orlando, Florida and five new hires to its nationwide team, including Brooks Foy, J. Alex Brown, Nika Dufour, Stephen Biehle, and Lino Lourenco.
“As we continue to drive our plan for growth forward in our 20th year, we are delighted to establish our seventh office in six states,” said Larry Sullivan, president of Passco Companies.
The firm’s Orlando office, which opens in Summer 2018, will be spearheaded by property management professional Brooks Foy, who joins Passco as a senior regional manager from Greystar. In his new role, Foy will be responsible for overseeing the management of a portion of Passco’s $2.5 billion investment portfolio.
In addition to his role at Greystar, Foy has held positions with the Irvine Company, Elmington Property Management, and AvalonBay Communities over his 11-year career in the real estate industry.
Joining Passco’s executive team out of its Dallas, Texas office is J. Alex Brown as vice president of realty investments. He has nearly 15 years of experience in the real estate investment industry and will oversee due diligence and financing for Passco’s acquisitions of multifamily and commercial properties nationwide, as well as transitional asset management.
Brown most recently served as director of asset management with Presidium Group, where he was responsible for the firm’s multifamily portfolio and oversaw more than $460 million in property sales and refinances. Prior to that, he was an asset manager with ORIX Capital Markets.
Passco has also brought on Nika Dufour to its executive team as vice president of multifamily investments. She will be based out of the firm’s Atlanta, Georgia office and will oversee a portfolio of properties located in Georgia and South Carolina and supervise the continued development of policies, processes and procedures for the multifamily portion of Passco’s portfolio, which totals nearly 12,000 units.
Dufour has more than 15 years of real estate and finance experience with a focus on asset and portfolio management. She previously served as director of asset management at Gables Residential and senior director of capital markets and finance at AvalonBay Communities.
Joining Dufour in the firm’s Atlanta office is Stephen Biehle, who will serve as a senior analyst of multifamily investments and will work with Passco’s multifamily investments team to manage and evaluate the existing portfolio and identify areas for growth and opportunity. Biehle most recently served as a senior underwriting analyst at Walker & Dunlop.
The firm also added Lino Lourenco as a financial analyst, realty investments. In his new role, he will be responsible for financial analysis related to the acquisition and due diligence of real estate assets and will be based out of Passco’s corporate headquarters in Irvine, California. Lourenco most recently served as a financial analyst, portfolio management with the Irvine Company, and previously held roles with Canterbury Consulting and Morgan Stanley.
Passco is a private real estate company that specializes in the investment, acquisition, development and management of commercial properties throughout the U.S. The company currently operates nationwide out of six offices in five states: Irvine, California; Denver, Colorado; Dallas, Texas; Austin, Texas; Littlerock, Arkansas, and Atlanta, Georgia.
