TGM REFINANCES MULTI-FAMILY COMMUNITY IN GLEN BURNIE, MD

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TGM Creekside Village holds a formidable competitive position in the Eastern Anne Arundel County submarket due to its suburban location with convenient access to major employment and economic hubs in the region. The property was built on 8.3 acres in 2014, with its 208 garden apartments located in three four-story air-conditioned buildings with elevators and three three-story walk-ups. The property offers a mix of one, two and three bedroom floor plans, allowing the property to appeal to a cross section of potential tenants in the market. The availability of three-bedroom apartments is an increasingly positive attribute with increased attractiveness in line with growing work-from-home trends. In addition, few rental communities within the submarket have them. The property also offers residents an array of attractive amenities in and around its LEED Silver built clubhouse, including a coffee lounge, business center, sports club, outdoor swimming pool with children’s pool, a playground, picnic areas, etc.

Anne Arundel County is at the heart of the country’s fourth largest market, the Baltimore-Washington DC corridor. The local economy is supported by a diverse set of economic drivers such as the BWI Marshall Airport, defense industry, world-class private sector employers, telecommunications, retail and distribution operations.

“The design, layout and construction of the apartments are excellent, with an average unit size of nearly 1,000 square feet, which compares favorably to its competitors. The property offers a mix of one bedroom apartments , two and three bedroom apartments.The availability of three bedroom apartments is an increasingly positive attribute with increased attractiveness in line with growing work from home trends.The Baltimore-Washington corridor offers strong prospects for economic growth supported by the federal government and the myriad of ancillary businesses associated with it, and the ever-growing economy of MSA Baltimore,” said John Gochbergmanaging director, managing director and president.

About TGM

Founded in 1991, TGM is an investment advisory firm organized to provide an integrated suite of asset and real estate management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisition, property management, leasing, construction, property maintenance and asset management services. A subsidiary of TGM provides property management services under the TGM Communities brand. Of the December 31, 2021TGM has invested in 139 multifamily properties in 28 states.

To learn more about TGM please contact John Gochberg, Managing Director, Managing Director and President. Phone: (212) 830-9312, Email: [email protected]

SOURCE TGM

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