Key facts
- Bill Passo, founder of Passco Companies, died at the age of 84.
- Passo was a pioneer in Delaware Statutory Trust (DST) real estate investments.
Bill Passo, the founder of Passco Companies and a recognized pioneer in Delaware Statutory Trust (DST) real estate investments, has passed away at the age of 84. Passo's career significantly influenced the landscape of real estate investment vehicles, particularly through his work with DSTs, which allow for tax-deferred exchanges of investment properties.
Passco Companies, which he founded, has been a notable player in the real estate investment sector. The news of his death comes amidst a broader real estate market context that includes significant lease agreements, potential new developments, refinancing activities, and evolving regulatory landscapes for properties.