NEW YORK, Jan. 16, 2015 /PRNewswire/ -- TGM Associates
announced today the acquisition of TGM Anchor Point, a waterfront
community which contains two mid-rise apartment buildings, totaling 323 units situated on
15.2 acres in Stamford,
Connecticut. TGM Anchor Point offers its residents an
extensive amenity package which includes, a two level athletic
club, indoor basketball court, indoor racquetball court, cafe
lounge, swimming pool, landscaped courtyards and multiple grilling
areas. Additionally, resident are provided with shuttle
transportation from the property to the Stamford train station,
which offers convenient access to Manhattan, and the Northeast corridor. TGM
Anchor Point offers studio, one, two and three bedroom apartment
homes with an average square footage of 998 feet.
Additionally, the property contains a 72 slip marina, which can
accommodate boats up to 40 feet in length. Slips are
available for year-round and seasonal rental to the general
public.
TGM Anchor Point represents one of the highest quality
multifamily assets in Fairfield County. Stamford is home to
the U.S. headquarters for UBS and RBS, and over one dozen companies
have recently announced or moved their world headquarters to
Stamford including: Starwood Hotels & Resort, NBC Sports,
Nestle Waters NA, Design Within Reach, Tronox Inc., Kayak, Charter
Communications and Navigator's Group. Attractions throughout
Stamford include Chelsea Piers
Sports and Entertainment complex, Stamford Town Center, an
urban mall home to many trendy retailers such as Brooks Brothers,
Apple, Barnes & Noble, H&M, J. Crew, Uniqlo, Forever 21,
Zara, and many more.
All of these major centers of employment, shopping and
entertainment are within a short
distance from TGM Anchor Point.
"We are very excited to bring TGM Anchor Point into our
multifamily portfolio. TGM Anchor Point will complement our other
TGM Communities in Connecticut, offering even more Premium
Apartment Living options in the area," said Zach Goldman,
Managing Principal and Director of Operations for TGM Associates, a
SEC-registered real estate investment advisory firm based in New
York City. TGM Anchor Point is managed by TGM Associates'
management brand, TGM Communities.
With the addition of TGM Anchor Point, TGM now owns three
properties in Connecticut. In addition to TGM Anchor Point,
TGM owns TGM Village at Stamford in Stamford, and TGM Waterford Commons in
Manchester.
TGM plans to renovate the interiors of all of the apartment
homes, as well as the resident amenities.
TGM Anchor Point, formerly known as Avalon on Stamford Harbor, was owned and managed by
AvalonBay (NYSE:AVB). TGM was represented on the buy side by
Institutional Property Advisors
(IPA), Steve Witten and Victor Nolletti.
For more information about TGM Anchor Point, please visit
www.TGMAnchorPoint.com
About TGM Associates
Founded in 1991, TGM Associates
is a SEC registered investment advisory firm with a single focus --
multifamily properties. TGM 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, 2014, TGM has
invested approximately $2.1 billion in 123 multifamily properties throughout 28
states. TGM's current multifamily portfolio contains
properties in 12 states.
To learn more about TGM Associates please
contact Michael
Frazzetta, CFO
Phone: (212) 830-9336,
E-mail: mfrazzetta@TGMAssociates.com
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SOURCE TGM Associates