Irvine, California-based Passco Companies has bought the newly completed The Ivy apartment complex in downtown Orlando for $53.5 million. The 248 unit apartment complex is located in the Florida Hospital Health Village at 2650 Dade Avenue. Trading for just over $215,725 per unit, the complex features multi-level pool decks, a fitness center and a yoga studio. The property is located within walking distance of a SunRail stop as well as Florida Hospital South. Atlanta-based Wood Partners, tn he developer of The Ivy, will continue managing the property under Passco’s ownership.
