News Releases

TGM Realty Investors Acquires Biggs Building Apartments

TGM Realty Investors, Inc., the investment and development subsidiary of Cushman & Wakefield | Thalhimer, is pleased to announce the recent purchase of Biggs Building Apartments, a 66-unit multifamily property located at 920 W. Marshall Street in the City of Richmond, Virginia.  The property was purchased from Biggs Building L.P. at a purchase price of $5,033,500.  R. Scott Douglas, SIOR and Lindsey C. Floyd of Cushman & Wakefield | Thalhimer represented TGM in the transaction.

TGM has engaged Cushman & Wakefield | Thalhimer to manage the property.  Heather Long and Justin Sledd of Cushman & Wakefield | Thalhimer’s Student Housing Management Group will be the managers assigned to oversee the property’s operations. 

Biggs Building was built in 1923 and underwent conversion to apartments in 2003. The property consists of studio, one and two bedroom units averaging 910 square feet.  Property amenities include a leasing center, fitness center, community rooms and a gated parking lot.  Each unit includes a full size washer and dryer.

TGM is a private real estate investment firm with a portfolio of commercial and multifamily assets valued at greater than $225 million.  TGM seeks to acquire, position and operate properties with the goal of maximizing long term cash flow and value for its investment partners.  TGM is headquartered in Richmond, VA, with assets located throughout the Mid-Atlantic Region.