ALBUQUERQUE, NM - TGM Associates L.P. announced the sale of TGM Sedona Ridge to Franktown, CO based Monarch Investment and Management Group. The broker on the transaction was Colliers International, William Hahn, Executive Vice President. TGM purchased Sedona Ridge in 1996. Terms of the transaction were not disclosed.
TGM Sedona Ridge is located in Albuquerque, NM and has 339 apartments. TGM Sedona Ridge offers upgraded 1, 2, and 3 bedroom floor plans, exceptional amenities, and a convenient location and top-notch apartment rentals. Set in a beautifully maintained park-like setting and located in the vibrant Northeast Heights community, there are plenty of on-site activities and nearby shopping, dining, and entertainment.
Founded in 1991, TGM Associates is a SEC registered investment advisory firm with a single focus -- multifamily properties. TGM, a vertically and horizontally 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. An affiliate of TGM provides property management under the brand TGM Communities. As of March 31, 2015, TGM has invested approximately $2.3 billion in 125 multifamily properties throughout 28 states. TGM's current multifamily portfolio contains properties in 10 states.
Source: TGM Associates / #Apartments #Multifamily