Passco Cos. LLC, a real estate
Irvine, Calif.-based Passco paid $18 million for the apartment community, which was recently foreclosed on by the seller. The apartment complex was built in 2004. “Passco is moving to expand our holdings in the Southeast,” stated company president William Winn in a press release.
“As the housing market continues to recover, Sundance Creek is advantageously positioned to maximize value and ROI (return on) in one of the nation’s most dynamic markets,” added Winn.
Passco plans a series of upgrades to the property, including new flooring and finishes in select units and a premium redesign of the clubhouse interiors. The planned changes include the addition of a grassy “Dog Park” to accommodate pets.
Sundance Creek’s location in Henry County provides easy access to major transportation arteries and the Hartsfield-Jackson Atlanta