Passco Pays $497M for Pearce at Pavilion Property on Pavilion Palms


PASSCO Companies LLC acquired the 250-Unit Pearce at Pavilion apartments at 3603 Pavilion Palms Cir. in Riverview, FL for $49.7 million, or about $199,000 per unit, from Mattoni Group and Adler Realty Services LLC. The 200,000-square-foot multifamily community consists of one-, two- and three-bedroom units in seven buildings. It was built in 2016 in the Outer Southeast Tampa MF submarket. Jonathan Barclay of JBM Institutional Multifamily Advisors...

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