Property Description

 330-unit apartment community completed in 2020. The property is situated on 1.85 acres and includes a 9-level parking structure, offering a diverse mix of studio, 1-bedroom and 2-bedroom apartments. 

• Unit amenities include quartz countertops and custom cabinetry, tile backsplash, stainless steel appliances, Nest Thermostat, Smart Home locks with keyless entry, oversized soaking tubs, 10-14′ ceilings, vinyl wood plank and carpet flooring, walk-in closets, washer/dryers in each unit, private patios/balconies. 

• Community amenities include a resort-style heated pool with outdoor grilling and courtyard entertainment area with kitchen, 5th floor outdoor terrace overlooking Canal St, a putting green, outdoor dog park, pet spa/grooming center, a 24-hour fitness center, clubhouse with leasing and business center and lounge, valet dry cleaning delivery, bike storage and maintenance station. 

 

If you are interested in receiving a PPM for this property, please email info@privatecapitalhq.com

Property Type

Multifamily

Structure

Delaware Statutory Trust

Passco at
Canal 1535 DST

LA

Remaining Availability

56% Remaining

Total Funds
$138,650,000
Remaining Availability
$52,000,000
Minimum Investment
$100K
Funded To Date
$41,650,000
Est. Hold Period
See PPM
Leverage
32.46%
Equity Raise
$93,650,000
Price/SF or Price/Unit
$420,151/Unit

For More Details

 
 
 

Location Details

 
 
 

Population

See PPM

Population Growth

See PPM

About The Area

 

Sponsor

Since 1998, Passco Companies, LLC has operated throughout all market conditions and cycles. The company has acquired over $7.2 billion in multifamily and commercial real estate in the United States. Since its inception, Passco Companies has become a recognized provider of investment opportunities in real estate projects.

Passco Companies is directed by a team of dedicated senior real estate professionals whose experience in the business averages 38 years, and who, collectively, have acquired over $35 billion in investment real estate projects.

Nationally, Passco Companies has achieved the status of “Preferred Borrower” with Fannie Mae, ranked #2 “Best Places to Work in Multifamily” in 2019 by Multifamily Leadership and listed as one of the “Top Owners” by Multihousing News in 2019, for the 3rd consecutive year. Passco Companies is also recognized locally on the 2019 lists: “Fastest Growing Private Company” and “Top Private Companies” by the Orange County Business Journal and one of Inc. 5000’s “Fastest-Growing Private Companies in America” in 2018. The company launched “Passco Gives Back” in 2015 and has given over a quarter of a million dollars to local charities benefiting education, medical research, family and children’s services and veterans.