Passco
Passco Companies is an Irvine multifamily and commercial sponsor, founded in 1998, whose founder Bill Passo helped pioneer the modern tenant-in-common 1031 structure that preceded the DST—giving the firm genuine…
Overview
Passco Companies is an Irvine multifamily and commercial sponsor, founded in 1998, whose founder Bill Passo helped pioneer the modern tenant-in-common 1031 structure that preceded the DST—giving the firm genuine standing in the history of securitized exchanges. With $4.1 billion in AUM as of late 2025 and more than $8 billion in lifetime acquisitions across multiple cycles, Passco concentrates on Class A multifamily in Southeastern and secondary/tertiary markets, owning or managing some 30,000 units. Its structural heritage and through-cycle acquisition record make it a seasoned, large-scale name in the category.
Key strategies & advantages
- Founder Bill Passo helped pioneer the modern TIC 1031 structure (Rev. Proc. 2002-22).
- Concentrates on Class A multifamily in Southeastern and secondary/tertiary markets.
- Has completed $8B+ in acquisitions across multiple cycles.
- Owns or manages roughly 30,000 units.
- Manages $4.1 billion, a seasoned large-scale presence.
Track record
Passco has 46 full-cycle programs in the Baker 1031 dataset, averaging 11.74% annual return, a 1.88x average equity multiple, and a 5.6-year average hold.
| Investment | Location | Asset Class | Hold | Equity Multiple | Annual Return |
|---|---|---|---|---|---|
| 1000 West | Charleston, SC | Multifamily | 5 | 2.16x | 16.64% |
| Almeria at Ocotillo | Chandler, AZ | Multifamily | 5 | 2.51x | 20.20% |
| Arlington at Eastern Shore | Spanish Fort, AL | Multifamily | 6 | 1.62x | 8.38% |
| Asheville Exchange | Asheville, NC | Multifamily | 6 | 1.9x | 11.25% |
| Autumn Breeze | Noblesville, IN | Multifamily | 7 | 1.66x | 7.53% |
| Azure | St. Petersburg, FL | Multifamily | 4 | 1.51x | 10.81% |
| Broad River Trace | Columbia, SC | Multifamily | 7 | 1.63x | 7.27% |
| Cambridge at Hickory Hollow | Antioch, TN | Multifamily | 5 | 2.47x | 19.83% |
| Carrington at Brier Creek | Raleigh, NC | Multifamily | 5 | 1.43x | 7.44% |
| Carrington Park | Montgomery, AL | Multifamily | 7 | 1.61x | 7.00% |
| Columns at Wakefield | Raleigh, NC | Multifamily | 6 | 2.03x | 12.54% |
| Enclave at Rivergate | Charlotte, NC | Multifamily | 6 | 2.01x | 12.35% |
| Encore at the Park | Durham, NC | Multifamily | 5 | 1.61x | 10.04% |
| Estates at Crossroads | Duluth, GA | Multifamily | 6 | 3.17x | 21.20% |
| Glen at Alexander | Augusta, GA | Multifamily | 7 | 1.97x | 10.16% |
| Greenwood Reserve | Olathe, KS | Multifamily | 5 | 2.03x | 15.21% |
| Haven at West Melbourne | Brevard, FL | Multifamily | 4 | — | 18.96% |
| Legends at Indian Springs | Louisville, KY | Multifamily | 6 | 2.06x | 12.80% |
| Legends at Wolfchase | Memphis, TN | Multifamily | 7 | 1.86x | 9.24% |
| Lively at Carolina Forest | Myrtle Beach, SC | Multifamily | 4 | 2.14x | 20.97% |
| Lone Oak | Round Rock, TX | Multifamily | 5 | 1.51x | 8.65% |
| Longitude 81 | Estero, FL | Multifamily | 6 | 2.18x | 13.85% |
| Longitude 82 | Sarasota, FL | Multifamily | 4 | 1.82x | 16.07% |
| Luxe | Scottsdale, AZ | Multifamily | 4 | 1.35x | 7.72% |
| Marcus Pointe | Pensacola, FL | Multifamily | 6 | 1.97x | 11.92% |
| Mariner Grove | Savannah, GA | Multifamily | 5 | 2.55x | 20.60% |
| Marisol | Viera, FL | Multifamily | 8 | 2.04x | 9.35% |
| Meadows at Home Place | Prattville, AL | Multifamily | 7 | 1.75x | 8.32% |
| Merritt at Sugarloaf | Duluth, GA | Multifamily | 4 | 2.04x | 19.56% |
| Parkcrest Landings | Bradenton, FL | Multifamily | 7 | 2.04x | 10.70% |
| Pearce at Pavilion | Riverview, FL | Multifamily | 6 | 1.73x | 9.55% |
| Point at Tamaya | Jacksonville, FL | Multifamily | 6 | 1.3x | 4.43% |
| Stonegate | Birmingham, AL | Multifamily | 6 | 1.45x | 6.44% |
| Sundance Creek | McDonough, GA | Multifamily | 6 | 2.01x | 12.33% |
| The Ivy | Orlando, FL | Multifamily | 5 | 1.17x | 3.15% |
| The Lexington | Nashville, TN | Multifamily | 5 | 1.52x | 8.67% |
| The Overlook | Antioch, TN | Multifamily | 5 | 1.56x | 9.29% |
| The Parker | Fairfax County, VA | Multifamily | 5 | 1.36x | 6.32% |
| The Shelby | Alexandria, VA | Multifamily | 5 | 1.26x | 4.70% |
| Twenty25 | Kennesaw, GA | Multifamily | 7 | 3.84x | 21.19% |
| Two Blocks | Dunwoody, GA | Multifamily | 5 | 2.11x | 16.08% |
| Veranda at Norton Commons | Prospect, KY | Multifamily | 6 | 2.27x | 14.64% |
| Vinings at Laurel Creek | Greenville, SC | Multifamily | 7 | 1.97x | 10.15% |
| Voyager at Space Center | Nassau Bay, TX | Multifamily | 4 | 1.31x | 7.06% |
| Vue21 | Colorado Springs, CO | Multifamily | 5 | 1.97x | 14.49% |
| Wakefield Glen | Raleigh, NC | Multifamily | 5 | 1.28x | 4.98% |
Figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. “Preferred” is Baker’s internal designation, not a rating or endorsement.
Current offerings from this sponsor
Baker 1031 tracks this sponsor’s active DST and 1031-eligible offerings. Verified investors can review what’s currently available. Browse current offerings →
Gerald F. “Jerry” Baker, III — Founder & Managing Principal, Baker 1031 Investments · FINRA Series 22 / 63 · SIE. Read full bio →
Sponsor figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. This profile is educational and is not investment advice or an offer to sell or a solicitation to buy any security. Offerings are available only to accredited investors and are made solely through the sponsor’s Private Placement Memorandum. Securities offered through Aurora Securities, member FINRA/SIPC. Real estate investments involve risk, including possible loss of principal.