IRVINE, Calif. – February 23, 2015 – (RealEstateRama) — Passco Companies, LLC has appointed industry expert and veteran Bob Peterson as Vice President, Investments for the company.
In his new role, Peterson will be responsible for identifying, negotiating to acquire, underwriting and completing due diligence for the company’s office, industrial and retail acquisitions throughout the nation, including both stabilized and value-add investments, according to Bill Passo, CEO of Passco Companies LLC.
“Bob has worked in real estate for more than three decades, with a primary focus on real estate investment management,” explained Passo. “His vast knowledge and expertise will bring tremendous value to our investment team at Passco Companies as we continue to identify and acquire commercial real estate investments nationwide that provide attractive returns for our investors.”
Over the duration of his career, Peterson has led the investment process for more than $6 billion in office, industrial, retail and multifamily transactions. This experience has allowed Peterson to develop a diverse background including capital formation, acquisitions, financing, leasing and management.
Peterson noted, “I am thrilled to be joining such an experienced and successful company and team, and look forward to supporting Passco’s investment process, as the company continues its growth in the coming years.”
Prior to joining Passco Companies, Peterson was Managing Director at Buchanan Street Partners, Chief Investment Officer at Cornerstone Real Estate Funds and Executive Vice President of Acquisitions and Dispositions for KBS Realty Advisors.
Peterson has also served on Executive Management and Investment Committees for over 20 years, and has served on the Board of Directors of a public real estate company.
In addition to his professional positions, Peterson has earned several top industry certifications including Certified Public Accountant (CPA), Certified Commercial Investment Member (CCIM), and Certified Property Manager (CPM), and he is a licensed Real Estate Broker in the State of California.
Peterson has also been involved with the National Association of Industrial and Office Properties (NAIOP) for 25 years, including serving on the Southern California Chapter’s Board.
About Passco Companies, LLC
Passco Companies, LLC is a nationally recognized market leader in the acquisition, development, and management of multi-family and commercial properties throughout the U.S.
For more than 15 years, Passco has delivered sound investment strategies to clients, partners and investors, enabling them to create, maintain, and add value to their portfolios through a full set of real estate services, including investment advice, asset management, and brokerage, as well as property development, construction, and management services.
Headquartered in Irvine, California, Passco holds a diverse cross section of prime retail, multi-family, office and industrial properties nationwide, and has acquired, managed, and/or developed over $3 billion in property since its inception. The company is currently involved with 60properties in 18 states, and is actively growing its investment portfolio in primary and secondary markets throughout the nation. More information is available at www.passco.com.
Corynne Randel / Jenn Quader
Brower, Miller & Cole