William O. Passo
CEO and Founder
William O. Passo is a true professional in the real estate investment industry. He completed his first purchase of a multifamily investment project in Anaheim, California in 1976.
During his career, which has spanned nearly four decades, Mr. Passo has directed the formation of more than 200 private and public limited liability companies, Tenant in Common programs, limited partnerships and Delaware Statutory Trusts. He has also directed the acquisition, entitlement, management, leasing and/or disposition activities of over 250 retail, office, multifamily and land properties, raising more than $1.4 billion in investor funds.
He was the first to present to the IRS the concept of the Tenant-In-Common (TIC) investment structure through which individuals were given the opportunity to complete a tax deferred exchange under IRC section 1031 by acquiring an undivided interest in Real Estate. Following that presentation the IRS in 2002 validated the business, which became an industry by the passage of Revenue Procedure 2002-22, which specified the requirements for obtaining a Private Revenue Ruling on an individual Tenant in Common/1031 offering.
As Founder and Chief Executive Officer of Passco Companies, he is responsible for the creation of a firm that is now recognized nationally as a leading real estate operating company that has acquired, managed, and/or developed well in excess of $3 billion in real estate investments with properties in 21 states.
Mr. Passo holds a Juris Doctorate degree from the University of California, Los Angeles (UCLA). He practiced law from 1967 to 1985, specializing in real estate syndications and related tax and securities matters. He also holds a Bachelor of Arts Degree with honors from California State University, Long Beach.
A registered representative and principal of Passco Capital, Inc., Mr. Passo has been a member of FINRA since 1998. He holds registered representative and general principal licenses, and has been a licensed California Real Estate Broker since 1974.
Mr. Passo is a member of the International Council of Shopping Centers (ICSC), the Alternative & Direct Investment Securities Association (ADISA) and the Building Industry Association (BIA), and is a former Director of Catholic Charities Retirement Homes, Segerstrom Center for the Performing Arts and Western Medical Center Satchel Group. He is a past president of the Rotary Club of Santa Ana North and a founder of the Orange County Performing Arts Center.