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Passco Acquires 340-Unit Hickory NC Multifamily Community

Summary by Connect CRE
Passco paid $71.3 million for the Preston Ridge Apartments, a 340-unit rental community located at 2001 Startown Rd. in Hickory, North Carolina. Northmarq represented the seller, Lat Purser and Associates. Built in two phases with the first in 2020 and the second in 2023, Preston Ridge offers one-, two- and three-bedroom floorplans. The community features a patio or balcony, a pool, fitness center, co-work and lounge areas, storage units, packag…
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Connect CRE broke the news in on Friday, January 30, 2026.
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