NEW YORK, NY - TGM Associates announced the acquisition of TGM Sudley Crossing, a distinctive 432-unit garden style apartment community in the Washington, DC suburb of Manassas, Virginia.
Located a mile south of I-66, the community is adjacent to historical sites such as Old Town Manassas and Manassas National Battlefield Park, as well as the Bull Run regional shopping mall. TGM Sudley Crossing is an easy drive away to Washington Dulles International Airport and the associated employment corridor; Quantico Marine Corps Base, and the neighboring towns of Centreville, Fair Oaks, Chantilly, Herndon, Tyson's Corner, and just to the west of the Fairfax County line. The community offers convenient access to public transportation such as Amtrak and the Virginia Railway Express for easy commuting into downtown Washington DC or other parts of the region.
"We are very excited to be back in the Northern Virginia market and look forward to providing the residents of TGM Sudley Crossing with the quality services, value and sense of community that TGM stands for," said John Gochberg, Chief Operating Officer for TGM Associates, an SEC-registered real estate investment advisory firm based in New York City. TGM Sudley Crossing will be managed by TGM Associates' management brand, TGM Communities.
TGM Sudley Crossing was formerly known as Tanglewood Apartments when it was previously owned and managed by Equity Residential. It features premier 1 and 2 bedroom apartments with gourmet eat-in kitchens, breakfast rooms or bars, and washer and dryers in each home. Amenities include an expansive clubhouse, 24-hour fitness center, Olympic-size swimming pool, tennis courts, playground and outdoor spa. TGM Sudley Crossing is a pet-friendly community.
Future enhancements to the community include brand-new, state-of-the-art fitness center, cyber cafe and resident lounge, two bark parks, upgraded kitchens and baths in all apartment homes, which will include new cabinets, countertops, contemporary appliances and lighting fixtures.
Founded in 1991, TGM Associates 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. TGM Associates property management brand is TGM Communities and operates all of TGM Associates' assets. Since 1991, TGM has invested approximately $1.7 billion in 114 multifamily residential properties throughout 28 states. TGM's current portfolio contains 38 properties in 23 states encompassing over 11,000 units.