NEW YORK, March 16, 2023 /PRNewswire/ — TGM announced today the mortgage refinancing for TGM Bay Isle, a 582-unit multifamily apartment community in St. Petersburg, Florida. TGM Bay Isle received Green Globes Certification enabling TGM to secure competitive borrowing terms from Fannie Mae as a result of the property’s green efficiency and sustainability. The refinancing opportunity was originated by Team Edelson at Walker & Dunlop.

TGM Bay Isle has a formidable competitive position in the diverse, growing, and strong Gateway submarket, one of the best and most desirable submarkets in the Tampa MSA, with easy commute to all the major employment centers in the MSA.

The Property, completed in two phases in 1998 and 2004, is comprised of twenty-two residential buildings on a 50-acre site. The unit mix consists of one-, two-, and three-bedroom apartment flats, as well as unusually spacious townhome units with direct access attached garages. TGM Bay Isle is at the epicenter of the metropolitan area’s 3 major employment centers, with quick access to the nearby Carillon Office Park and elsewhere in the Gateway submarket, as well as Westshore, downtown St. Petersburg, downtown Tampa, MacDill Air Force Base and Tampa International Airport.

The property also offers residents an appealing amenity package with three swimming pools, a heated spa, two state-of-the-art athletic clubs, two outdoor kitchens, a tennis/pickleball court, large dog park with agility course, pet spa, putting green, and a renovated clubhouse with a kitchen and pool table. TGM completed various renovation activities throughout its ownership, including apartment interior renovations and amenity upgrades. TGM also owns and manages a second apartment community in St. Petersburg, TGM Ibis Walk.

“The Tampa MSA is widely considered one of the most desirable and business-friendly regions in the country. Tampa’s ease of connectivity to other major metros and highly talented workforce have resulted in an established and growing economy supported by healthcare, financial services, military, tourism, manufacturing, and technology, to name a few. The region’s affordable cost of living (lowest of all major Florida markets), low tax environment with zero state income tax, excellent year-round weather and quintessential waterfront locations are attracting people and businesses to the region at a blistering pace” said John Gochberg, Managing Principal, Chief Executive Officer, and President.

About TGM

Founded in 1991, TGM is an investment advisory firm organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services. An affiliate of TGM provides property management services under the brand TGM Communities. As of December 31, 2022, TGM has invested in 141 multifamily properties throughout 28 states.

To learn more about TGM please contact John Gochberg, Managing Principal, Chief Executive Officer, and President. Phone: (212) 830-9312, E-mail: [email protected]


Originally published at

business banners

Latest posts

Mitch Gould’s Strategic Vision Elevates Nutritional Products International to New Heights in Retail Distribution

Mitch Gould, Founder and CEO of NPI BOCA RATON, FL, UNITED STATES, February 14, 2024 / -- Mitch Gould has built...

Newport Restoration Foundation Begins a Residential-Scale Energy Efficiency Study of Historic Properties

The multi-phase project begins in 2024 at 38 Green Street NEWPORT, R.I. , February 16, 2024 /PRNewswire/ -- In response to a quickly transforming real...

Be a part of the Digital Inclusion Community Kick-Off event

Be a part of the change in your community by joining Miami-Dade County at the Digital Inclusion Community Kick-Off event at Oak Grove Park,...

Nationwide Arena: A Hub for Sports and Entertainment in Columbus.

Nationwide Arena: Where Sports Thrive and Entertainment Comes Alive in Columbus. ASHBURN, DC, UNITED STATES, February 15, 2024 / -- Nestled...

Newsmatics Partners with Masaryk University’s Faculty of Informatics to Enhance Data Science Capabilities

Collaboration to focus on optimizing data science and AI technology to improve media analysis. We are excited to partner with Masaryk...

Ritchie Bros.’ Largest-Ever Premier Global Auction Event in Orlando to Feature Record-Setting 16,500+ Heavy Equipment Assets and Vehicles

ORLANDO, Fla. and WESTCHESTER, Ill., Feb. 16, 2024 /PRNewswire/ - RB Global, Inc. (NYSE: RBA) (TSX: RBA), the trusted global marketplace for insights, services...

Governor Ron DeSantis Appoints Bette Brown to the Florida Keys Mosquito Control District Board of Commissioners

TALLAHASSEE, Fla. — Today, Governor Ron DeSantis announced the appointment of Bette Brown to the Florida Keys Mosquito Control District Board of Commissioners. Bette Brown Brown, of...
celebrity reality tv