MANASSAS, VA-New York-based TGM Associates has acquired Tanglewood Apartments, a garden-style apartment community in Manassas. Equity Residential has sold the 432-unit multifamily property for approximately $68.7 million.
TGM Associates has renamed the apartment community as TGM Studley Crossing. It also controls the TGM Stonehaven Apartments in Columbia, Maryland. TGM is planning to handle the 10819 Gambril Drive property through the TGM Communities management brand. For the full story, go to Washington Business Journal .
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