Key facts
- Bill Passo, founder of Passco Companies, has died.
- He was 84 years old at the time of his death.
- Passo was a pioneer in Delaware Statutory Trust (DST) real estate investments.
- His death is considered the end of an era in real estate investment.
- He contributed to the development and popularization of DST investments.
Bill Passo, the founder of Passco Companies, has died at the age of 84. Passo was a recognized pioneer in the field of Delaware Statutory Trust (DST) real estate investments. His passing is seen as marking the end of an era for a significant figure within the real estate investment industry. Passo's work contributed to the development and popularization of DST investment structures, which allow investors to defer capital gains taxes on the sale of investment properties by reinvesting proceeds into a DST. His legacy is tied to his innovative approach and influence on this specific segment of real estate finance.