INDIANAPOLIS, IN – August 13, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $104 million in financing for 360 Market Square, a newly built, 27-story, mixed-use residential and retail property on the former Market Square Arena site in Indianapolis, Indiana.

The HFF team worked on behalf of the borrower, Flaherty & Collins Properties, to place the floating-rate loan with Heitman LLC, a global real estate investment management firm, which originated the loan on behalf of an affiliate of the firm.  Loan proceeds will be used to retire existing construction financing.

360 Market Square comprises 292 apartment units with upscale condominium-quality finishes and approximately 42,000 square feet of ground-floor retail anchored by Whole Foods Market.  In addition, the property includes a 550-space parking garage with 350 spaces reserved for resident parking.  Completed earlier this year, the property incorporates eco-friendly features throughout and 10,000 square feet of amenity space, including a state-of-the-art fitness center, private yoga/spin studio, cyber café, screening lounge, business center and gaming lounge.  Outdoor amenities include a landscaped courtyard, resort-style swimming pool and a 28th-floor sky deck offering panoramic skyline views.  360 Market Square is situated three blocks from Monument Circle in Indianapolis’ CBD, within a half mile of seven million square feet of Class A office space and the Massachusetts Avenue cultural district, which is home to some of the city’s top dining and nightlife destinations.

The HFF debt placement team representing the borrower included senior managing director David Keller and director Adam Mallory.

TGM Associates announced today the acquisition of TGM Bay Isle, a garden style apartment community with 582 units located in Saint Petersburg, FL.

The property, completed in two phases in 1998 and 2004, is comprised of twenty-two residential buildings built on a 50 acre site. The unit mix consists of one, two, and three bedroom apartment flats, as well as unusually spacious townhome units with direct access attached garages. Situated in a transit-oriented location with convenient access to I-275, Roosevelt Blvd. and Gandy Blvd, Bay Isle offers a quick commute into downtown Saint Petersburg, Tampa, Westshore, and MacDill Air Force Base.

TGM will be completing a value-add program to the interiors of the apartments and positioning the community to resort style, premium apartment living. The property has an outstanding amenity package with three swimming pools, a heated spa, two state of the art athletic clubs, two outdoor kitchens with gas grills and firepit, and a large dog park with agility course.  Residents also have access to tennis courts, a putting green and a renovated clubhouse with a kitchen and pool table.

"We are very excited to bring TGM Bay Isle into our multifamily portfolio.  The property's incredibly centralized location and best in-class amenities with access to the area's major employment centers makes TGM Bay Isle one of the most desirable residential locations in the Tampa Bay area," 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 Bay Isle is managed by TGM Associates' management brand, TGM Communities.  TGM also owns and manages on the west coast of Florida; TGM Bermuda Island in Naples, TGM Malibu Lakes in Naples, and TGM Palm Aire in Sarasota, FL.  On the east coast of Florida, TGM owns and manages TGM Oceana in Boca Raton, FL.  In late 2015, TGM sold Vintage at Abacoa and Floresta both in Jupiter, FL.

TGM Bay Isle, formerly known as Bay Isle Key, was owned and managed by Chicago, IL based Heitman.  Brokering the transaction was John Selby, Senior Vice President and Sean Williams, Senior Vice President at CBRE.

For more information about TGM Bay Isle, please visit http://www.tgmassociates.com/properties/tgm-bay-isle/