US EditionTGM Acquires 296-Unit Multifamily Community in Chandler, Arizona for $90.5M
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TGM Acquires 296-Unit Multifamily Community in Chandler, Arizona for $90.5M
CHANDLER, ARIZ. — New York-based TGM has purchased Ocotillo Bay, an apartment property in Glendale, from an undisclosed national fund manager for $90.5 million. The transaction marks TGM’s entry into the Phoenix market. TGM Communities will manage the community, which has been renamed as TGM Ocotillo Bay. Built in 1997, the 296-unit property features two pool areas with cabanas and barbecues; an outdoor lounge area with a bocce ball court, firep…
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