NEW YORK, July 11, 2016 /PRNewswire/ -- On July 1 TGM Associates L.P. reached the 25-year milestone since its founding in 1991 by Thomas Gochberg and Steven Macy.
The firm was started at the depth of the real estate market collapse that began in the late 1980s. By 1990 there were thousands of investment properties in foreclosure. The banking system was in disarray and it was almost impossible to assemble investment capital. Additionally, the mortgage market was shut down casting a huge shadow on the future of real estate investing.
Nevertheless, Gochberg and Macy forged ahead by raising capital and buying distressed multi family assets at steep discounts; correctly anticipating that an economic recovery would eventually take hold, engendering immense profits for their investors.
Over the ensuing 25-years TGM has acquired 129 multi family properties located in 28 states, representing an investment of $2.5 Billion. TGM's blue-chip client investors include some of the largest public and private pension funds, endowments and sovereign wealth funds in the world.
Today the TGM Partners reflect not just on past accomplishments but eagerly look forward as well to the next twenty-five years. Messrs. Gochberg and Macy, while still active in the firm, have been joined by the next generation of leaders; Managing Principals John Gochberg, Michael Frazzetta and Zachary Goldman, who are now entrusted with the future legacy of the firm. Their leadership and entrepreneurial spirit, coupled with the talents of hundreds of TGM Team Members, ensures that the future of the firm remains bright and that TGM continues to be among the leading firms in the institutional real estate investment industry.
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 June 30, 2016, TGM has invested approximately $2.5 billion in 129 multifamily properties throughout 28 states. TGM's current multifamily portfolio contains properties in 8 states.
To learn more about TGM Associates please contact John Gochberg, Managing Principal and Chief Operating Officer. Phone: (212) 830-9312, E-mail: [email protected]