PORT ORANGE, FL – GoldOller Real Estate Investments announced the acquisition of the 208-unit Pierpoint Apartment Homes and the 170-unit The Groves both in Port Orange, FL, adjacent to Daytona Beach. With these latest acquisitions, GoldOller now owns and manages more than 3400 rental apartments in nine communities in North and Central Florida.

Both Pierpoint and The Groves delight in high occupancy and consistent financial performance. GoldOller will make extensive capital improvements to the clubhouses, landscaping, amenities and exteriors as well as interior upgrades.

“We welcome Pierpoint and The Groves to our growing portfolio in Florida and are thrilled to expand our presence in the Daytona Beach area where we continue to have fantastic success with our Ocean Oaks Community,” said Richard Oller, Chairman and Co-Founder of GoldOller. “Now with three gorgeous communities in the close proximity, we can leverage our management resources and deliver an enhanced experience to residents,” Oller said.

According to Jill Hinton, GoldOller’s VP of Operations, “Our teams hit the ground running and have already begun introducing our signature Life on the GO amenities and programs at both properties.  As always, our goal is to make a sense of community and ensure that every resident truly feels that This is Home,” Hinton added.

Jake Hollinger, GoldOller partner and COO, said: “As our portfolio continues to grow throughout the United States, so does our enthusiasm, creativity, and commitment to our residents. Our extraordinary team knows how to deliver results by making a unique experience at each property from day one. They like the opportunity each new acquisition presents.”

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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-tale elevator serviced residential buildings, and a five tale 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.

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