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SOURCE TGM Associates
NEW YORK, Aug. 1, 2014 /PRNewswire/ -- TGM Associates L.P. announced today the sale of TGM Cedar Trace Apartments to Monarch Investment & Management Group, LLC. The broker on the transaction was Marcus & Millichap, David Gaines and Alex Blagojevich. TGM Cedar Trace is located in Maryland Heights, MO and has 392 apartments. TGM purchased Cedar Trace in 2007. Terms of the transaction were not disclosed.
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.