PASSCO COMPANIES EXPANDS OPERATIONS WITH NEW OFFICE IN AUSTIN, TEXAS, AND ADDITION OF KEY INDUSTRY PLAYER
AUSTIN, TX – April 20, 2015 – (RealEstateRama) — Passco Companies, LLC, a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S., has announced the opening of a new office in Austin, Texas, and the addition of industry veteran Shelli Cusack as Director of Asset Management.
“As a national firm, we are actively investing in growth markets throughout the U.S.,” explained Jeff Olshan, Vice President of Asset Management at Passco Companies. “Passco’s new presence in Austin will deepen our roots in the Southwest, providing our investors with additional expertise in this dynamic investment region.”
According to Olshan, the addition of Cusack is another strategic action that will also strengthen the firm’s core expertise on behalf of its partners and investors.
“Shelli’s leadership in the industry was confirmed when she developed a proprietary Audit and Assessment Program utilized by institutional clients such as General Electric, Trammel Crow’s Crow Holdings, and Passco Companies,” Olshan said.
“By hiring her to work as a member of our firm, we will further streamline our acquisitions and due diligence processes. She will also be integral in Passco’s ongoing research and analysis,” Olshan noted.
Cusack will oversee the company’s Austin office, and will also be responsible for a portion of Passco’s multifamily portfolio encompassing more than 3,000 units in North Carolina, South Carolina, and Georgia.
Within her 20 years of experience, Cusack has been responsible for the management of more than $1 billion in real estate assets. Her prior positions include increasingly senior management roles overseeing multifamily portfolios throughout the nation on behalf of Greystar Real Estate Partners, Alliance Residential, Pinnacle, and Aspen Heights.
Passco Companies’ new Austin office is located at 7000 N. Mopac Expressway, Suite 200, in Austin, Texas.
About Passco Companies, LLC
Passco Companies, LLC is a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S. Passco Companies is headquartered in Irvine, California and has offices in Denver, Colorado and Dallas, Texas.
For more than 15 years, Passco has delivered sound investment strategies to clients, partners and investors, enabling them to create, maintain, and add value to their portfolios through a full set of real estate services, including investment advice, asset management, and brokerage, as well as property development, construction, and management services.
Headquartered in Irvine, California, Passco holds a diverse cross section of prime retail, multi-family, office and industrial properties nationwide, and has acquired, managed, and/or developed over $3 billion in property since its inception. The company is currently involved with 60 properties in 18 states, and is actively growing its investment portfolio in primary and secondary markets throughout the nation. More information is available at www.passco.com.
Contact:
Corynne Randel / Jenn Quader
Brower, Miller & Cole
(949) 955-7940
CRandel (at) browermillercole (dot) com
