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Florida & Gulf Coast  + Central Florida  + Apartments  |  March 1, 2023
JBM Institutional Multifamily Advisors has secured the listings of three FL multifamily properties on behalf of Passco Companies with total price equating to $270 million.
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By: Lisa McDuffie

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

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JBM Institutional Multifamily Advisors

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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