TGM Associates Sells Multifamily Community in Jupiter, FL

NEW YORK, June 5, 2015 /PRNewswire/ -- TGM Associates L.P. announced today the sale of TGM Floresta to Newton, MA based Northland Investment Corporation.  The broker on the transaction was JBM Institutional Multifamily Advisors, Jamie May, Chairman & CEO.  TGM Floresta is located in Jupiter, FL and has 311 apartment flat and townhome units.  TGM purchased Floresta 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 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 John Gochberg, COO
Phone: (212) 830-9312, E-mail: [email protected]

Photo - http://photos.prnewswire.com/prnh/20150604/221025
Logo - http://photos.prnewswire.com/prnh/20130821/PH67434LOGO

SOURCE TGM Associates