PASSCO COS. BUYS RALEIGH APARTMENTS FOR $31M

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RALEIGH, N.C. — Passco Cos. LLC has purchased Wakefield Glen Apartments, a 246-unit, Class A multifamily community located in Raleigh, for $31 million. The community is part of the 2,220-acre Wakefield Plantation master-planned complex. Wakefield Glen is Passco’s second multifamily acquisition this year in the Raleigh-Durham market, according to Passco. The property features a resort-style pool, clubhouse, fitness center, business center, playground and car care center.

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