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Passco Unloads 400-Unit Bradenton Rental Asset
Passco has spun off a 400-unit Bradenton, Florida rental property for $102 million. Goldelm was the buyer. Passco acquired ParkCrest Landings in 2016 for $75 million.
The sale represents the second time that JBM Multifamily Advisors has brokered the sale of ParkCrest Landings since it was delivered in 2015.
ParkCrest Landings encompasses 17 two- and three-story buildings. Units offer one-, two- and three-bedroom floorplans, ranging between 612 and 1,404 square feet.
Common-area amenities of the Class A property include a fitness center, clubhouse, business center, volleyball court, as well as two swimming pools and a spa. Residents also have access to around 920 parking spaces.
- ◦Sale/Acquisition
