Overview
TGM Associates was founded in 1991 to provide an integrated suite of real estate asset and
property management services to its clients. It became an SEC-registered investment adviser in
1995 and its principal place of business is located at 650 Fifth Avenue, 28th Floor, New York,
NY 10019. TGM Associates ownership is comprised of several limited partners, including SFT
Real Estate LLC (1987) who is deemed a principal owner (as defined by the Instructions to Form
ADV). However, TGM Associates is solely controlled by its general partner, TJG Holdings, Inc.,
whose sole shareholder is John Gochberg.
Pursuant to an umbrella registration, this Firm Brochure describes the advisory services
provided by TGM Associates as “filing adviser” as well as TGM AM as “relying adviser”.
Types of Advisory Services
TGM focuses on investing directly and indirectly in existing multifamily residential real estate in
the continental United States, providing investment management and advisory services to
private funds (each, a “Client” or “Private Fund” and, collectively, the “Clients” or “Private Funds”)
whose investors are institutions, benefit plans pursuant to the Employee Retirement Income and
Securities Act (“ERISA”), and state pension plans (individually and collectively, “Investor(s)”).
Additionally, TGM expects to begin investing in Freddie Mac K-Deal securitizations (“K-Deals”)
on behalf of certain Clients on a non-discretionary basis. In connection with
its investment
advisory services, TGM provides property management services with respect to properties held
by the Clients. Such services are provided by its affiliate, TGM Communities LLC. Members of
TGM’s team have worked together for almost 30 years, acquiring, managing and selling
apartment properties.
Tailored Advice and Investment Restrictions
TGM’s assets under management are held in Private Funds. We tailor our services to the
mandates of the Private Funds. To the extent mutually agreed upon in writing, TGM will accept
reasonable investment restrictions from an Investor. Any applicable guidelines or restrictions on
TGM’s investment discretion on behalf of Clients are also set forth in the respective Governing
Documents of the Private Funds. For an Investor that establishes a direct advisory relationship
with TGM (e.g., via a separately managed account), TGM tailors its advisory services to the
mandate of that Investor as set forth in that Investor’s applicable Governing Documents (as
defined below). Generally, our investment recommendations are limited to investments in
multifamily properties or securities backed by multifamily properties.
Wrap Fee Programs
TGM does not participate in any wrap fee programs.
Client Assets Under Management
As of December 31, 2023, TGM’s regulatory assets under management totaled
approximately $3.54 billion, all of which was managed on a non-discretionary basis.