NEW YORK, Jan. 20, 2015 /PRNewswire/ -- TGM Associates L.P. announced today the sale of TGM Willow Grove to New York based Beachwold Residential. The broker on the transaction was Institutional Property Advisors (IPA), Steve Witten and Victor Nolletti. TGM Willow Grove is located in Danbury, CT and has 135 apartments. TGM purchased Willow Grove 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 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, 2014, TGM has invested approximately $2.1 billion in 123 multifamily properties throughout 28 states. TGM's current multifamily portfolio contains properties in 12 states.
To learn more about TGM Associates please contact Michael Frazzetta, CFO
Phone: (212) 830-9336, E-mail: mfrazzetta@TGMAssociates.com
SOURCE TGM Associates L.P.