STAMFORD, CT - TGM Associates announced the sale of TGM Village at Stamford to Cherry Hill, NJ based Silverman Group. The broker on the transaction was CBRE Group, Inc. Jeffrey Dunne and Gene Pride. TGM purchased Village at Stamford in 2008. Terms of the transaction were not disclosed.
TGM Village at Stamford is conveniently located in the heart of downtown Stamford, CT, and consist of 160 upscale apartment homes. TGM Village at Stamford offers contemporary conveniences, impressive amenities, and unsurpassed service - all within a short distance of premier shopping, dining, entertainment, business centers, and transportation.
The Silverman Group is a family owned and operated private equity and real estate development organization with the expertise in the areas of acquisition, development, management, and construction.
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