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TGM Closes $300M Separate Account Vehicle; Plans $600M of Multifamily Deals
Investment advisory firm TGM has closed a separate account investment vehicle with a longstanding institutional pension fund client. The separate account vehicle has a total equity commitment of $300 million. With leverage, TGM intends to purchase more than $600 million of well-located, high quality multifamily properties across the continental U.S.
“This closing reflects a high degree of confidence and trust in TGM’s fully integrated investment advisory and property management businesses and our ability to navigate the varying local and national conditions encountered during the multiple market cycles since TGM’s inception three-decades ago,” said John Gochberg, managing principal and CEO.
This closing comes in the wake of an active 2022 for New York City-based TGM, which included the acquisition and financing of $300 million of new multifamily properties, the completion of eight property mortgage refinances and the closing of five property supplemental loans across multiple institutional separate account portfolios.
- ◦Financing
