SAINT PETERSBURG, FL – TGM Associates announced the acquisition of TGM Ibis Walk, a midrise apartment community with 401 units located in Saint Petersburg, Florida.
The property, completed in 2014, is comprised of nine four-story elevator serviced residential buildings, and a five story structured parking garage. The property offers generously sized units with a mix of one, two, and three bedroom apartments, which include granite countertops, stainless steel appliances, breakfast bars, pantries, walk-in closets, and private balconies/patios. Situated in a transit-oriented location with convenient access to I-275, Roosevelt Blvd. and Gandy Blvd., Ibis Walk offers a quick commute into downtown Saint Petersburg, Tampa, Westshore, and MacDill Air Force Base.
TGM Ibis Walk offers resort-style amenities including a heated swimming pool, whirlpool spa, clubhouse with resident lounge, Apple computer bar, athletic club with a Fitness On Demand studio, outdoor kitchen and entertainment area, central courtyards with grills and picnic areas, dog park, bicycle storage, electric car charging stations and a “park on your level” controlled access garage.
“We are pleased to expand our footprint in Saint Petersburg with this high-quality, fully-amenitized community in one of Tampa Bay’s most desirable submarkets” said Zach Goldman, Managing Principal and Director of Operations for TGM Associates, a SEC-registered real estate investment advisory firm based in New York City. TGM Ibis Walk is managed by TGM Associates’ management brand, TGM Communities. Also owned and managed by TGM on the west coast of Florida is TGM Bay Isle (Saint Petersburg), TGM Bermuda Island (Naples), TGM Malibu Lakes (Naples), and TGM Palm Aire (Sarasota). On the east coast of Florida, TGM owns and manages TGM Oceana (Boca Raton). In late 2015, TGM sold TGM Vintage at Abacoa (Jupiter) and TGM Floresta (Jupiter).
TGM Ibis Walk, formerly known as Ibis Walk, was owned by Ibis Walk Residential, LLC and managed by Dallas, TX based Lincoln Property Company. Brokering the transaction was Jamie May, Chairman and CEO and Eddie Yang, Principal and Executive Director at JBM Institutional Multifamily Advisors.