TGM investment in Bay Isle to grow

Although its mid-August purchase of the Bay Isle Key apartments in St. Petersburg represented one of the largest multifamily deals throughout the Gulf Coast in years, New York-based TGM Associates' investment in the complex is far from over.

TGM is likely to spend millions of dollars to refurbish and upgrade hundreds of apartments in the 582-unit complex, at 11850 Dr. Martin Luther King Jr. St.

TGM's pending capital campaign will continue the work seller Heitman Capital Management LLC of Chicago began.