JBM Institutional Multifamily Advisors Lands $270M Portfolio Listing for Passco Companies
Naples, FL-based JBM Institutional Multifamily Advisors has secured the listings of three FL multifamily properties equating to $270 million and comprising of 910 units. Buyers will have the option to buy as a portfolio or individually.
The seller is Passco Companies, an Irvine, CA-based DST.
- Pearce at Pavilion in Riverview, a Class A+ property comprised of 250-unit built in 2016. There are six four-story, elevator serviced residential buildings and one carriage house building on the 13.73-acre site.
- Longitude 81 in Estero, a 260-unit, Class B+ property built in 2016. There are 11 two-story residential buildings on the 17.95-acre site.
- ParkCrest Landings in Bradenton has 400 units and was built in 2015. There are 1y three-story residential buildings.
JBM Institutional Multifamily Advisors transacts only in FL and has a lifetime transaction volume of over $18.7 billion and 166,000 units.
Photo: Pierce at Pavilion