TGM Associates Acquires Multifamily Community in Glen Burnie, MD
NEW YORK, July 23, 2015 /PRNewswire/ -- TGM Associates announced today the acquisition of TGM Creekside Village, a 208 unit luxury apartment community sited on 8.3 acres in Glen Burnie, Maryland. TGM Creekside Village features a stand-alone LEED Silver clubhouse which includes a 24-hour athletic club, resident Cafe Lounge, Apple computer bar, outdoor swimming pool, fire pit, and an outdoor kitchen. The community was constructed in 2014, and offers spacious one, two and three bedroom apartment homes with an average square footage of almost 1,000 feet. 45% of the apartment homes have granite countertops and tile backsplashes.
TGM Creekside Village represents one of the highest quality multifamily assets in in the heart of the Baltimore-Washington corridor. The Baltimore Metro chapter of the Associated Builders and Contractors, Inc. (ABC Baltimore) recently recognized Creekside Village with the award for Excellence in Construction in the category of new project over $10 million. The ABC Baltimore's Excellence in Construction Award honors the region's most innovative and high quality construction projects. The winning projects were selected from entries submitted from across the region and were judged on complexity, attractiveness, unique challenges overcome, completion time, workmanship, innovation, safety, and budget. Creekside Village was also awarded the Project of the Year.
"We are very excited to bring TGM Creekside Village into our multifamily portfolio. Creekside's location in Glen Burnie offers its residents convenient access to the major employment centers within the Baltimore-Washington corridor, which is a steadily expanding area," said Zach Goldman, Managing Principal and Director of Operations for TGM Associates, a SEC-registered real estate investment advisory firm based in New York City. TGM Creekside Village is managed by TGM Associates' management brand, TGM Communities.
For more information about TGM Creekside Village, please visit www.TGMCreeksideVillage.com
About TGM Associates
Founded in 1991, TGM Associates is a SEC registered investment advisory firm with a single focus -- multifamily properties. TGM, a vertically and horizontally 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 invested approximately $2.3 billion in 125 multifamily properties throughout 28 states. TGM's current multifamily portfolio contains properties in 10 states.
To learn more about TGM Associates please contact Zach Goldman, Director of Operations. Phone: (212) 830-9345, E-mail: [email protected]
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SOURCE TGM Associates L.P.
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