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Home·Deals·Real Estate·Passco Companies acquires Preston Ridge
SEO URLwww.firestrike.ai/deals/preston-ridge-passco-companies-acquisition-2026
acquisitionAnnounced · May 8, 2026Real EstateSource · CredibleArticle · Factual
Preston Ridge
Passco Companies
Preston Ridge · Passco Companies

Passco Companies acquires Preston Ridge

David Najork
David Najork · Founding Software Engineer
Announced · Updated · 1 min read
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Deal value
$300M
Target
Preston Ridge
Preston Ridge
Cary, North Carolina
Acquirer
Passco Companies
Passco Companies
Full Acquisition
Status
Completed

Passco Companies agreed to acquire Preston Ridge. Reported deal value: $300M. Status: Completed. Sector: Real Estate. Target headquarters context: Cary, North Carolina, United States.

This page summarizes publicly available information about the transaction as of 2026-05-08. Figures and status may change as filings and press coverage update.

Passco acquired Preston Ridge , a 340-unit multifamily community located in Hickory, North Carolina

Deal timeline

Announced
May 8, 2026 · morningstar.com
Additional milestones (proxy, vote, close) appear as filings and press updates are indexed.
Sector context

This transaction is classified in Real Estate with a reported deal value of $300M. Figures and status may change as sources update.

Sources: morningstar.com · Primary article · FireStrike proprietary index