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TGM buys Fort Lauderdale, Fla., waterfront apartment property

TGM purchased the 394-unit TGM Harbor Beach apartment community in Fort Lauderdale, Fla.

The multifamily property-focused company did not disclose financial terms of the deal or the seller, though The Real Deal reported that the waterfront property was sold by Invesco Real Estate and Alliance Residential for $136 million, making it South Florida's biggest multifamily transaction of 2019.

Situated on 3.8 acres, the property was completed in 2017 and was previously known as Broadstone Harbor Beach. Amenities at the property include a media center, an athletic club and poolside cabanas.