Passco Cos. Acquires Cortona At Forest Park Multifamily In St. Louis With $33.7M Loan | 5800 Highlands Plaza Drive West | Mark Stern, Kevin Girard, Zachary Kaufman | MultiFamily | Loan

Summary

Loan

MISSOURI

MultiFamily

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 Capital providing 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.

Players

All
4

Agents
3
Agencies
1

$181.5M Sold

$313.5M Sold

Director, Capital Markets

$171M Sold

JLL

Details

Deal Summary

FINANCED

IMAGE: William Passo, Kevin Girard, Mark Stern & Zachary Kaufman DATE: 12/07/2023 ADDRESS: 5800 Highlands Plaza Drive West MARKET: St. Louis, MO ASSET TYPE: Multifamily LENDER: KeyBank Real Estate Capital LANDLORD: William Passo - Passco Cos BROKERS: Kevin Girard, Mark Stern & Zachary Kaufman - JLL LOAN AMOUNT: $33,700,000 LOAN TYPE: Acquisition NOTE: Passco Cos. has acquired Cortona at Forest Park, a 278-unit community in St. Louis, from Invesco Real Estate. JLL Capital Markets facilitated the transaction, and KeyBank Real Estate Capital provided a $33.7 million Fannie Mae loan for the purchase of the Class A property.

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Address5800 Highlands Plaza Drive West

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