PASSCO ACQUIRES APARTMENT COMMUNITY IN NOBLESVILLE, IND.

NOBLESVILLE, IND. — Passco Cos., a California–based real estate investment company, has completed the acquisition of Autumn Breeze, a 280-unit Class A apartment community located in Noblesville. The property was 95 percent leased at the time of sale. Autumn Breeze is located at 14901 Beauty Berry Lane, about 25 miles north of Indianapolis. Amenities at the property include a pool, billiard room, tanning salon, online concierge services, attached and detached garages, pet spa, clubhouse, 24-hour athletic center and business center and a cyber café. Steve LaMotte of CBRE represented both the buyer and the seller in the transaction. The acquisition brings Passco’s multifamily portfolio to 33 properties, with more than 10,000 units nationwide.