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| TGM Vintage at Abacoa, 863 University Boulevard, Jupiter, FL |
MIAMI, FL, May 18,
2015 – HFF announced today that it has closed the sale of TGM Vintage at Abacoa, a 390-unit multi-housing community in
Jupiter, Florida within the Abacoa master planned community.
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| Jaret Turkell |
HFF marketed the property on behalf of the seller, TGM
Associates.
TGM Vintage at Abacoa is located at 863 University Boulevard near Roger Dean Stadium, Florida Atlantic
University, Abacoa Golf Club, Abacoa Town Center and Abacoa Plaza.
Completed in 2003,
the property is 99 percent leased and has 19 two- and three-story buildings
that total 451,554 square feet of rentable space.
The property has one-, two- and three-bedroom
units and community amenities such as two swimming pools, sauna, 24-hour
athletic club, volleyball court, nature preserve with walking path, meditation
garden, playground, barbecue area, clubhouse, billiards room, movie theater and
car care center.
The HFF investment sales team representing the seller was
led by managing director Jaret Turkell
and associate director Maurice Habif.
“This property is exceptionally well-poised for strong
performance given its excellent location within the Abacoa master planned
community. Jupiter features strong demographics and a desirable lifestyle with
high paying jobs,” said Turkell.
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| Maurice Habif |
HFF’s investment sales team secured more than $9.3 billion
in sales of multi-housing assets nationally through year end 2014.
In Florida, HFF closed more than $1.3 billion
in multi-housing transactions across all capital markets platforms during the
same period.
Founded in 1991, TGM Associates is a SEC registered
investment advisory firm with a single focus -- multifamily properties.
TGM, a
vertically integrated operating company, 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 June 30, 2015, TGM has approximately
$2.3 billion in 125 multifamily properties throughout 28 states. TGM’s current multifamily portfolio contains
properties in 12 states.
For more information
please visit www.tgmassociates.com
or call John Gochberg
at 212-830-9312.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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