Passco Allure DST
Investment Description
Passco Allure DST holds Allure at Edinburgh, a 280-unit apartment community in Chesapeake, Virginia. The property was completed in 2024 and 2025 and includes residential buildings and shared amenities. Investors participate through a single-property Delaware statutory trust with the property’s master lease and management arrangements.
Key Facts
- Fundraising Status
- Open
- Sponsor Name
- Passco Companies
- Location(s)
- Virginia
- Equity
- $58,575,000
- Debt
- $48,350,000
- LTV (investor offering)
- 45.22%
- Property Type
- Multifamily
Source-document projections, not actual distributions. Income is operating cash divided by original offering equity and excludes sale proceeds. Y1 and average use ten annual investor distribution periods, including the scheduled transition to loan amortization. Offering LTV = allocated debt / (offering equity + allocated debt). Figures reflect reviewed document dates, not current operating results. Projections are not guaranteed; availability is maintained separately.
Sponsor Overview
Passco Companies
Passco Companies is the sponsor identified in the offering materials. The company was formed in 2005 following predecessor operations begun in 1998. Its property programs include multifamily real estate, with affiliated entities performing trust, asset-management and master-tenant functions.