NEW YORK, Oct. 3, 2016 /PRNewswire/ -- TGM Associates announced today the acquisition of TGM Ibis Walk, a midrise apartment community with 401 units located in Saint Petersburg, FL.
The property, completed in 2014, is comprised of nine four-story elevator serviced residential buildings, and a five story structured parking garage. The property offers generously sized units with a mix of one, two, and three bedroom apartments, which include granite countertops, stainless steel appliances, breakfast bars, pantries, walk-in closets, and private balconies/patios. Situated in a transit-oriented location with convenient access to I-275, Roosevelt Blvd. and Gandy Blvd., Ibis Walk offers a quick commute into downtown Saint Petersburg, Tampa, Westshore, and MacDill Air Force Base.
TGM Ibis Walk offers resort-style amenities including a heated swimming pool, whirlpool spa, clubhouse with resident lounge, Apple computer bar, athletic club with a Fitness On Demand studio, outdoor kitchen and entertainment area, central courtyards with grills and picnic areas, dog park, bicycle storage, electric car charging stations and a "park on your level" controlled access garage.
"We are pleased to expand our footprint in Saint Petersburg with this high-quality, fully-amenitized community in one of Tampa Bay's most desirable submarkets" 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 Ibis Walk is managed by TGM Associates' management brand, TGM Communities. Also owned and managed by TGM on the west coast of Florida is TGM Bay Isle (Saint Petersburg), TGM Bermuda Island (Naples), TGM Malibu Lakes (Naples), and TGM Palm Aire (Sarasota). On the east coast of Florida, TGM owns and manages TGM Oceana (Boca Raton). In late 2015, TGM sold TGM Vintage at Abacoa (Jupiter) and TGM Floresta (Jupiter).
TGM Ibis Walk, formerly known as Ibis Walk, was owned by Ibis Walk Residential, LLC and managed by Dallas, TX based Lincoln Property Company. Brokering the transaction was Jamie May, Chairman & CEO and Eddie Yang, Principal & Executive Director at JBM Institutional Multifamily Advisors.
For more information about TGM Ibis Walk, please visit www.TGMIbisWalk.com
About TGM Associates
Founded in 1991, TGM Associates is an 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 for over 25 years. TGM has provided investment advisory expertise 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 June 30, 2016, TGM has invested approximately $2.5 billion in 129 multifamily properties throughout 28 states.
To learn more about TGM Associates please contact John Gochberg, Managing Principal and Chief Operating Officer. Phone: (212) 830-9312, E-mail: jgochberg@TGMAssociates.com
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SOURCE TGM Associates