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Passco Snags 400-Unit Bradenton, FL MF for $75M

Passco Cos. now owns ParkCrest Landings, a 400-unit multifamily asset in Bradenton, FL. The Irvine, CA-based buyer paid $75 million to the seller and developer, CKT Development, which is based in Tampa. The seller was represented by Jamie May of JBM.

Completed in 2015, the Class A property is situated within a 67-acre site at 5725 1st Avenue East. ParkCrest Landings consists of 17 three-story buildings. Amenities include a fitness center, resort-style swimming pools, walking trails, a dog park and direct access to the Manatee River.

“Bradenton is one of the most dynamic submarkets on the west coast of Florida,” said Passco’s Colin Gillis. “Manatee County . . . has added more than 11,500 jobs over the last 24 months, and has one of the highest per capita incomes in the state.”

For comments, questions or concerns, please contact Amy Sorter


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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition
  • ◦Sale/Acquisition
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