TGM Associates Acquires Apartment Community

TGM Associates Acquires Apartment Community NEW YORK, NY - TGM Associates, a full-service, SEC-registered real estate investment advisory firm, announced the acquisition of The Yacht Club at Heritage Harbour, a luxurious 392-unit garden style apartment community in Bradenton, Florida, built in 2007.

The Yacht Club features stylish 1, 2 and 3 bedroom apartment homes located in Bradenton's sophisticated Heritage Harbour enclave and is the only rental community within Heritage Harbour. Heritage Harbour is a well-known, 2,500 acre Lennar master planned community featuring two championship golf courses, several recreational parks, walking paths, and a sports facility with multiple athletic fields. The Yacht Club community includes elegant amenities designed for a relaxing lifestyle: gated community with a contemporary clubhouse, oasis tropical pool with lakeside tanning deck, water views and Wi-Fi access, state-of-the-art fitness salon, two lakes with walking paths and lush landscaping, interactive cyber cafe, tennis, basketball and sand volleyball courts and a fully-enclosed dog park.

"We welcome The Yacht Club to the TGM family of communities. This is an exciting acquisition for TGM and we look forward to providing the highest level of customer service to our residents," said John Gochberg, Chief Operating Officer for TGM Associates.

Distinctive features in Yacht Club apartment homes include gourmet kitchens with granite-style countertops, maple cabinetry and black appliances, washer and dryer in all homes, screened terraces and verandas, walk-in closets, luxurious baths with Roman tubs, and attached garages in select apartments. The community welcomes pets and is conveniently located near spectacular golf courses, shopping and Tropicana Field, home to the Tampa Bay Rays.

The Yacht Club was previously managed by Seattle-based Pinnacle.

Founded in 1991, TGM Associates L.P. is an investment advisory firm with a single focus - multifamily properties. TGM specializes in acquisitions, property management, leasing, construction, property maintenance and dispositions. On behalf of its investor clients, TGM acquires, manages and sells apartment properties throughout the United States. Since 1991, TGM has invested approximately $1.7 billion in 116 multifamily residential properties throughout 28 states. TGM's current portfolio contains 49 properties in 23 states.
Source: TGM Associates

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