{"id":1004113431,"date":"2015-02-15T11:21:54","date_gmt":"2015-02-15T19:21:54","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=325478"},"modified":"2020-05-21T21:35:25","modified_gmt":"2020-05-22T05:35:25","slug":"tgm-associates-snags-36-5-million-for-rental-community-in-west-chester","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/","title":{"rendered":"TGM Associates Snags $36.5 Million for Rental Community in West Chester"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>A rental apartment and townhome community sitting on more than 11 acres in West Chester, Pa., recently changed hands.<\/p>\n<div id=\"attachment_325479\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Halstead-apartment-complex-West-Chester-PA.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-325479\" title=\"Halstead - West Chester PA\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Halstead-apartment-complex-West-Chester-PA.jpg\" alt=\"Halstead - West Chester PA\" width=\"300\" height=\"193\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Halstead &#8211; West Chester PA<\/p>\n<\/div>\n<p>According to a press release announcing the sale, HFF marketed the property on behalf of TGM Associates, a New York-based investment advisory firm focused on multifamily properties. Narberth, Pa.-based Metropolitan Management Corporation purchased the property, which is located at 812 Goshen Road near Routes 202 and 322 and the West Chester Pike, just minutes away from downtown West Chester. The <em><a title=\"West Chester apartment complex sells for more than $36M\" href=\"https:\/\/www.bizjournals.com\/philadelphia\/blog\/real-estate\/2015\/02\/west-chester-apartment-complex-sells-for-more-than.html\" rel=\"nofollow\" >Philadelphia Business Journal<\/a><\/em> reports that the apartment asset sold for $36.5 million.<\/p>\n<p>Completed in 1976, Halstead is a garden- and townhome-style community consisting of 198 apartments ranging from 770 square feet to 1,200 square feet in a mix of one-, two- and three-bedroom units across six, two-story buildings. The list of amenities includes a fitness center and concierge services. Monthly rents at Halstead vary from $1,090 for a one-bedroom to $1,620 for a three-bedroom unit.<\/p>\n<p>\u201cHalstead represents the opportunity to continue a proven renovation strategy in one of Philadelphia\u2019s most highly-acclaimed suburban submarkets,\u201d said in a prepared statement Mark Thomson, who was part of the HFF sales team representing TGM Associates. \u201cInvestors continue to target West Chester due to strong rental growth, low vacancy, high household income, and the increasing number of jobs throughout the area,\u201d he added.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A rental apartment and townhome community sitting on more than 11 acres in West Chester, PA, recently changed hands.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[],"class_list":["post-1004113431","post","type-post","status-publish","format-standard","hentry","category-latest","category-philadelphia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>TGM Associates Snags $36.5 Million for Rental Community in West Chester - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TGM Associates Snags $36.5 Million for Rental Community in West Chester\" \/>\n<meta property=\"og:description\" content=\"A rental apartment and townhome community sitting on more than 11 acres in West Chester, PA, recently changed hands.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-15T19:21:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T05:35:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Halstead-apartment-complex-West-Chester-PA.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"TGM Associates Snags $36.5 Million for Rental Community in West Chester\",\"datePublished\":\"2015-02-15T19:21:54+00:00\",\"dateModified\":\"2020-05-22T05:35:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/\"},\"wordCount\":232,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/Halstead-apartment-complex-West-Chester-PA.jpg\",\"articleSection\":[\"News\",\"Philadelphia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/\",\"name\":\"TGM Associates Snags $36.5 Million for Rental Community in West Chester - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/Halstead-apartment-complex-West-Chester-PA.jpg\",\"datePublished\":\"2015-02-15T19:21:54+00:00\",\"dateModified\":\"2020-05-22T05:35:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/Halstead-apartment-complex-West-Chester-PA.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/Halstead-apartment-complex-West-Chester-PA.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TGM Associates Snags $36.5 Million for Rental Community in West Chester\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\",\"name\":\"Veronica Grecu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2024\\\/04\\\/Veronica_Grecu.jpg?w=93\",\"caption\":\"Veronica Grecu\"},\"description\":\"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.\",\"sameAs\":[\"https:\\\/\\\/x.com\\\/@VeraGrecu\"],\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/veronica\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TGM Associates Snags $36.5 Million for Rental Community in West Chester - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/","og_locale":"en_US","og_type":"article","og_title":"TGM Associates Snags $36.5 Million for Rental Community in West Chester","og_description":"A rental apartment and townhome community sitting on more than 11 acres in West Chester, PA, recently changed hands.","og_url":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-02-15T19:21:54+00:00","article_modified_time":"2020-05-22T05:35:25+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Halstead-apartment-complex-West-Chester-PA.jpg","type":"","width":"","height":""}],"author":"Veronica Grecu","twitter_card":"summary_large_image","twitter_creator":"@VeraGrecu","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/"},"author":{"name":"Veronica Grecu","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"headline":"TGM Associates Snags $36.5 Million for Rental Community in West Chester","datePublished":"2015-02-15T19:21:54+00:00","dateModified":"2020-05-22T05:35:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/"},"wordCount":232,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Halstead-apartment-complex-West-Chester-PA.jpg","articleSection":["News","Philadelphia"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/","url":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/","name":"TGM Associates Snags $36.5 Million for Rental Community in West Chester - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Halstead-apartment-complex-West-Chester-PA.jpg","datePublished":"2015-02-15T19:21:54+00:00","dateModified":"2020-05-22T05:35:25+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Halstead-apartment-complex-West-Chester-PA.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/Halstead-apartment-complex-West-Chester-PA.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/tgm-associates-snags-36-5-million-for-rental-community-in-west-chester\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"TGM Associates Snags $36.5 Million for Rental Community in West Chester"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62","name":"Veronica Grecu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Veronica_Grecu.jpg?w=93","caption":"Veronica Grecu"},"description":"Veronica Grecu is a senior creative writer and researcher for RentCafe. With more than 10 years of experience in the real estate industry, she covers a variety of topics in residential and commercial real estate, including trends and industry news. Previously, she was involved in producing content for Multi-Housing News, Commercial Property Executive and Yardi Matrix. Veronica\u2019s academic background includes a B.A. in Applied Modern Languages and an M.A. in Advertising and PR.","sameAs":["https:\/\/x.com\/@VeraGrecu"],"url":"https:\/\/www.commercialsearch.com\/news\/author\/veronica\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004113431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/258"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004113431"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004113431\/revisions"}],"predecessor-version":[{"id":1004450701,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004113431\/revisions\/1004450701"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004113431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004113431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004113431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}