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Passco Portfolio Continues to Grow

Firm Acquires 360 Units at Alanza Place for $36M
By Jamie Young
April 25, 2005 | 4:00 P.M.

Passco Real Estate Enterprises added to its portfolio by acquiring its second luxury apartment community in Phoenix this year. Alanza Place, previously known as Alexan Belleview, is comprised of 360 units--56 of which are town homes. The remaining 304 are apartments. The community was purchased for $36.12 million, or about $100,333 per unit.

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News | Passco Portfolio Continues to Grow