At TGR we are focused on the acquisition of existing assets, both multi-family and commercial, in need of a little TLC. We are focused on mid-sized metropolitan areas, but do not have a geographic focus per se. It is our experience that the physical distance to an asset is relatively unimportant and that focusing on assets that fit our “wheelhouse”, regardless of where they sit, is the surest path to success.
Historic Properties: We are looking for opportunities for adaptive reuse of historic buildings and operating historic assets for both our residential and commercial portfolios. This includes National Register assets utilizing Federal and State Historic Rehabilitation Tax Credits.
Affordable Housing Properties: We are looking for opportunities to acquire operating affordable Multi-Family assets both LIHTC & NOAH. We are particularly interested in mixed-income projects combining 50%, 60%, 80% and Market Rate units.
Commercial Properties: We seek to acquire operating commercial assets to create a diverse portfolio of Lite-Industrial, office and Service Industry focused properties.
Arts Related Projects: We are always on the lookout for both residential and commercial projects that support individual artists and arts organizations.
Adding Value: Our core business model in all of this is creating added value to existing underperforming assets in both the residential and commercial markets. We focus on three areas of property operation, any one of which may be under performing: Property Management, Leasing and Marketing and Physical Improvements.
With our extensive expertise in these areas we take underperforming properties and turn them into over-performing assets.