NEW YORK, Dec. 16, 2015 /PRNewswire/ -- TGM Associates L.P. announced today the sale of TGM Yacht Club at Heritage Harbour to Newton, MA based Northland Investment Corporation. The broker on the transaction was JBM Institutional Multifamily Advisors, Jamie May, Chairman & CEO. TGM Yacht Club is located in Bradenton, FL and has 392 apartment units. TGM purchased Yacht Club in 2010. 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 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 September 30, 2015, TGM has invested approximately $2.5 billion in 127 multifamily properties throughout 28 states. TGM's current multifamily portfolio contains properties in 9 states.
To learn more about TGM Associates please contact John Gochberg, COO
Phone: (212) 830-9312, E-mail: jgochberg@TGMAssociates.com
SOURCE TGM Associates L.P.