NEW YORK, NY - TGM Associates, a full-service, SEC-registered real estate investment advisory firm, announced today the acquisition of Willow Grove at Danbury, a luxurious 135-unit garden style apartment community located within Fairfield County in Danbury, CT built in 1999.
Willow Grove features stylish 1 and 2 bedroom apartments each having private townhome-style entries. The pet-friendly community offers residents unsurpassed features and amenities including a distinctive clubhouse, 24-hour fitness center with cardio and strength training equipment, heated pool with wrap-around sundeck, detached garages, full side-by-side washers and dryers, walk-in closets, patios and balconies, and the most spacious floor in the Fairfield County market, averaging 1,232 square feet.
Located approximately 10 minutes of the Metro-North commuter rail station and one mile from Interstate 84, Willow Grove provides a convenient location for commuters to New York City and nearby employment centers like General Electric, Xerox and Pitney Bowes. The community is three miles away from the upscale Danbury Fair Mall, which features 181 specialty shops, retail, dining and entertainment destinations, including Lord & Taylor and Trader Joe's.
"TGM is thrilled to have our third community in Connecticut. We look forward to providing the residents of Willow Grove the same high quality customer service that we have for all TGM communities," said John Gochberg, Chief Operating Officer for TGM Associates. Other TGM communities in Connecticut include Village at Stamford and Waterford Commons in Manchester. Willow Grove was previously owned by RREEF and managed by Greystar.
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 117 multifamily residential properties throughout 28 states. TGM's current portfolio contains 50 properties in 23 states.
Source: TGM Associates L.P.