NEW YORK— TGM Associates L.P. announced today the sale of TGM Vintage at Abacoa, located in Jupiter, Fla. The broker on the transaction was Holiday Fenoglio Fowler (HFF), Jaret Turkell and Maurice Habif. TGM Vintage at Abacoa is located in the Abacoa Planned Community and has 390 apartments. TGM purchased Vintage at Abacoa in 2007. Terms of the transaction were not disclosed.
About TGM Associates
Founded in 1991, TGM Associates is a SEC registered investment advisory firm with a single focus — multifamily properties. TGM, a vertically integrated operating company, specializes in acquisitions, property management, leasing, construction, property maintenance and dispositions. TGM provides investment advisory services regarding the acquisition, management and sale of multifamily properties throughout the United States. An affiliate of TGM provides property management under the brand TGM Communities. As of March 31, 2015, TGM has approximately $2.3 billion in 125 multifamily properties throughout 28 states. TGM’s current multifamily portfolio contains properties in 12 states.
To learn more about TGM Associates please contact Michael Frazzetta, CFO
Phone: (212) 830-9336, E-mail: mfrazzetta@TGMAssociates.com
SOURCE: TGM Associates L.P.