JUPITER, FL - TGM Associates announced the sale of TGM Floresta to Newton, MA based Northland Investment Corporation. The broker on the transaction was JBM Institutional Multifamily Advisors, Jamie May, Chairman and CEO.
TGM Floresta is located in Jupiter, FL and has 311 apartment flat and townhome units. TGM purchased Floresta in 2007. Terms of the transaction were not disclosed.
TGM Floresta offers unique 1, 2, 3 or 4 bedroom townhome-style apartment residences feature large balconies or patios, gourmet kitchens, spacious closets, recessed lighting, crown molding, ceiling fans, and garden bath tubs. Plus, each apartment has its own full-size washer and dryer. Be sure to leave time for the community’s 24-hour fitness center, resort-style swimming pool, tennis court, sports court, and private lake. The community is minutes from I-95 and the Florida Turnpike and close to public transportation. The school district includes Jupiter Elementary, Jupiter Middle and Jupiter High School (all A-rated schools).
Founded in 1991, TGM Associates is a SEC registered investment advisory firm with a single focus -- multifamily properties. TGM, a vertically 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.
Source: TGM Associates / #Apartments #Multifamily