Larry Sullivan has a strong record of leadership in real estate investment, with more than 30 years of industry expertise.
As President of Passco Companies, Mr. Sullivan guides the firm’s strategies for growth, and ensures that Passco’s core philosophy of investor-centric decision making is reflected throughout the company.
Mr. Sullivan has played an integral role in the growth of Passco Companies. He spearheaded the implementation of a multifamily investment strategy for the firm, resulting in over 21,000 units under ownership and management throughout the U.S. During his tenure, the firm has expanded from approximately $750 million to over $2.7 billion in assets under management.
During his career, Mr. Sullivan has been involved with more than $10 billion in real estate transactions on a national scale, including core, value add and development projects spanning across all the major property and specialty sectors. Prior to joining Passco, he served as Managing Director of PM Realty Advisors, an institutional pension fund advisor.
Mr. Sullivan holds a Bachelor of Business Administration in Accounting from Niagara University, and completed MBA courses in real estate finance at San Diego State University. He earned a Certified Public Accountant license (inactive) from the state of California, and is a member of the American Institute of CPAs (AICPA), the California Society of Certified Public Accountants (CalCPA), the International Council of Shopping Centers (ICSC), the Alternative & Direct Investment Securities Association (ADISA), and the National Multi Housing Council (NMHC).
Mr. Sullivan also currently sits on the Board of Directors for the Alternative & Direct Investment Securities Association (ADISA) and theExecutive Committee of the Board of Directors for the National Multi Housing Council (NMHC). He is currently the 2020 President-Elect for the Alternative & Direct Investment Securities Association (ADISA) as well as the Chairman for the Legislative and Regulatory Committee wherein he spearheads legislative initiatives on behalf of the Association. In 2017, Mr. Sullivan played a central role on tax reform issues including 1031 exchanges and coordinated ADISA’s position with other associations such as NMHC and Real Estate Roundtable (RER).
Mr. Sullivan is also the recipient of ADISA’s 2017 A Champion of Excellence (ACE) Award. The Ace Award is the highest honor bestowed on an ADISA member by the Association and is given for demonstrating a remarkable commitment to excellence and adhering to the highest ethical standards and quality performance.