Passco Cos. Acquires Cortona At Forest Park Multifamily In St. Louis With $33.7M Loan

Passco Cos. has acquired Cortona at Forest Park, a 278-unit multifamily community in St. Louis, Missouri. The property is located at 5800 Highlands Plaza Drive West and is classified as Class A. The acquisition was facilitated by JLL Capital Markets, with KeyBank Real Estate Capitalproviding a $33.7 million Fannie Mae loan for the purchase.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $33,700,000
• Date: 12/07/2023

The lenders in this transaction were KeyBank Real Estate Capital. On the landlord side, William Passo, from Passco Cos, facilitated the acquisition. The brokers involved in the deal were Kevin Girard, Mark Stern, and Zachary Kaufman from JLL.