Passco Companies, a privately held California-based commercial real estate company that specializes in acquisition, development, and property and asset management throughout the U.S., announces that Carey P. Levy has rejoined Passco Companies Development as President. He previously served in the same capacity from 2007 to 2013.
“We are extremely pleased to have Carey return as part of the Passco team, where he will play a critical role as we continue to expand our platform and initiate an increasing number of development projects,” says Larry Sullivan, Passco Companies President. “Carey’s experience, leadership, and significant industry relationships will enhance the growth of Passco Companies Development.”
In his role, Levy will be responsible for overseeing development and value-add repositioning acquisitions, entitlements, construction, and financing on a national scale, across multiple real estate asset types.
“During his previous tenure with our firm, Carey’s guidance was a key component to Passco’s ability to strategically navigate the recession, and we look forward to benefiting from his expertise as we grow,” continues Sullivan.
Levy has more than 30 years of experience in the commercial real estate investment and development industry. In addition to his previous work with Passco, he has been responsible for the management of real estate portfolios totaling upwards of $2 billion in value. He has an extensive background in the seniors housing sector, spearheading the growth of a seniors housing portfolio to exceed 40 properties.
“I look forward to furthering Passco’s business plan with the ground-up development or repositioning of value-added properties within various real estate sectors, including active senior and independent living opportunities,” says Levy.
Levy will be based out of Passco’s Irvine, California corporate headquarters.
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 offers a full set of real estate services including asset and property management, leasing, as well as property development and construction.
Headquartered in Irvine, California, Passco currently has $2.8 billion assets under management across the country and is actively growing its portfolio in primary and secondary markets throughout the United States.