TGM Lassos Northern Va. Apartment Complex From Equity

Law360, New York (December 22, 2011, 9:11 PM EST) -- Real estate investment firm TGM Associates has snagged a 432-unit apartment community in a Washington suburb from Equity Residential, giving it a new foothold in the market, the company announced Wednesday.

New York-based TGM purchased the Manassas, Va., community with 373,688 of rentable square feet for an undisclosed sum. Though the terms of the deal were not immediately available, TGM has a policy preference for acquiring multifamily housing worth a minimum of $25 million and funding the deals with all cash or cash to existing mortgages,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.