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Chicago & Midwest  + Midwest  + Apartments  |  December 5, 2023
Jasmine Kilman
By: Jasmine Kilman

Passco Surpasses $250M AUM in the Midwest with St. Louis Acquisition

Passco Companies, a California-based real estate company specializing in acquisition, development, and property management, has acquired Cortona at Forest Park, a 278-unit apartment community in St. Louis, Missouri.

The seller was Invesco Real Estate, and the transaction was brokered by Chicago-based Kevin Girard, Mark Stern, and Zach Kaufman of JLL Capital Markets. Caleb Marten of KeyBank Real Estate Capital’s Commercial Mortgage Group arranged acquisition financing on behalf of Passco Companies.

Cortona at Forest Park offers easy access to the cultural and recreational amenities of Forest Park and the Central West End. The property boasts top-tier amenities with a current occupancy rate of 93 percent. The property also benefits from its proximity to the Cortex Innovation Community, a leading innovation district fostering technology startups and other organizations.

Read More News Stories About: JLL
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Invesco Real EstateJLLKeyBankPassco

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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