IRVINE, Calif. – May 4, 2015 – (RealEstateRama) — Passco Companies, LLC is continuing its national expansion, creating an on-the-ground presence in Atlanta, Georgia with the addition of senior real estate professional and area-acquisition expert Colin Gillis as Director of Acquisitions, Southeast.
“We are in a time of smart growth for our firm, and we continue to seek opportunities for strategic expansion,” said Gary Goodman, Senior Vice President Acquisitions for Passco Companies LLC. “Our ongoing, active investment in the Southeast U.S. makes the addition of an Atlanta-based team member a natural next step for the company.”
Goodman notes that the addition of Gillis to Passco’s acquisition team will equip the firm with an acquisitions specialist that is especially experienced in the nuances of the Southeast region of the country.
“By deepening our local market knowledge even further with the addition of Mr. Gillis, we are poised to continue our success in acquiring core assets that will deliver strong value to our investors,” Goodman said.
In his new role, Gillis will oversee the firm’s Southeast operations, spearheading the identification and acquisition of multifamily product in the region.
According to Goodman, Gillis brings more than a decade of extensive acquisition experience to Passco Companies, including sourcing acquisitions, underwriting, due diligence, macro-and micro-level market analysis, property-level performance analysis, investment committee presentations, and broker/investor relations. Gillis previously served in acquisition roles for JRK Investors, as well as Atlanta-based The Lane Company. For these companies, he managed the identification and evaluation of all potential acquisitions in the Southeast.
Gillis noted, “Passco Companies has already demonstrated its strength as an investor in the Southeast U.S. and throughout the nation. I look forward to the opportunity to take part in this firm’s ongoing success.”
About Passco Companies, LLC
Passco Companies, LLC is a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S.
For more than 15 years, Passco has delivered sound investment strategies to clients, partners and investors, enabling them to create, maintain, and add value to their portfolios through a full set of real estate services, including investment advice, asset management, and brokerage, as well as property development, construction, and management services.
Headquartered in Irvine, California, Passco holds a diverse cross section of prime retail, multi-family, office and industrial properties nationwide, and has acquired, managed, and/or developed over $3 billion in property since its inception. The company is currently involved with 60 properties in 18 states, and is actively growing its investment portfolio in primary and secondary markets throughout the nation. More information is available at www.passco.com
Corynne Randel / Jenn Quader
Brower, Miller & Cole