ALBUQUERQUE, NM - TGM Associates announced the sale of TGM Oak Tree Park to Los Angeles, CA based Summit Equity Investments. The broker on the transaction was Colliers International, William Hahn, Executive Vice President.
TGM purchased Oak Tree Park in 1996. Terms of the transaction were not disclosed.
TGM Oak Tree Park is located in Albuquerque, NM and has 320 apartments. TGM Oak Tree Park offers spacious 1 and 2 bedroom apartment homes, exceptional amenities, a convenient location and top-notch apartment rentals. Unique features include brand-new kitchens and baths including granite-inspired counter tops, black Whirlpool appliances, contemporary brushed nickel lighting and fixtures, 9-foot ceilings, spacious closets, ceiling fans, and full-size washers and dryers.
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