TGM Associates


While TGM was organized in 1991, its roots go back to the mid-1970’s when the group that formed TGM first worked together. From then until now some $2.9 billion in equity has been invested and 58,000 apartment units have been purchased and managed. TGM believes that multifamily investment requires hands-on management. Thus, acquisitions, property management, construction, property maintenance and dispositions are fully integrated.

Real Estate Specialization
Investment Type
Acquisition/Fee Simple
Performing/Non-performing loans
Managing Principal & Chief Financial Officer

Michael Frazzetta

Michael Frazzetta joined TGM in May of 2002 as Chief Financial Officer, responsible for TGM’s treasury, accounting, and control functions. He is a member of the Investment and Operating Committees. From 2000 through 2001, Mr. Frazzetta was Chief Financial and Chief Administrative Officer from Barnard & Co., LLC, which represented a European family group in its global venture capital activities which included direct investments, fund investments and public market investments resulting from private equity activities. From 1992 to 2000, Mr. Frazzetta was employed as a Senior Manager in the New York office of Arthur Andersen LLP, first in its Audit and Business Advisory group and then in the Transaction Advisory group. Mr. Frazzetta is a Certified Public Accountant. He holds a Bachelor of Science in Accounting from the State University of New York at Albany. He is a member of the AICPA, the New York State Society of Certified Public Accountants, the NAREIT and the Urban Land Institute.

Co-Founder / Managing Principal & Acquisitions

Steven Macy

Steven Macy co-founded TGM with Thomas Gochberg in 1991. He is a member of the Investment and Operating Committees. During TGM’s formative years he was head of Asset and Property Management and since 2005 he has devoted his full time to property acquisitions.

Co-Founder / Managing Principal & CEO

Thomas Gochberg

Thomas Gochberg co-founded TGM with Steven Macy in 1991. Mr. Gochberg is responsible for the final decision on property transactions and chairs the Firm’s Investment and Operating Committees. As such he is also responsible for the overall management of the Firm. Mr. Gochberg first entered the real estate investment management area when he joined Smith Barney in 1969 to create and run its real estate subsidiary, Smith Barney Real Estate Corporation, of which he was President and Chief Executive Officer until 1984. From 1979 through 1990, Mr. Gochberg was also President and Chief Executive Officer of Security Capital Real Estate Corporation, an AMEX-listed financial holding company, which acquired Smith Barney Real Estate in 1984. Mr. Gochberg was a founder of the Pension Real Estate Association (PREA) in 1979, serving as PREA’s first president and second chairman. PREA was created as an outgrowth of Mr. Gochberg’s successful efforts in obtaining the enactment of the Federal legislation which allow pension and profit-sharing plans under most circumstances to invest in leveraged properties without incurring unrelated business taxable income (UBTI).

Managing Principal

Zach Goldman

Zachary Goldman joined TGM as an Acquisitions Associate in 2007 and served as Director of Special Projects from 2008 until September 2009, when he became Director of Operations. Mr. Goldman has been involved in real estate since 2004, and is based in TGM’s Headquarters in New York City. As Director of Operations, Mr. Goldman is responsible formanaging and overseeing TGM’s day-to-day multifamily operations, which includes marketing, leasing, maintenance, construction, energy management, training, and human resources. Mr. Goldman is involved in the implementation of new business strategies developed to maximize the value of TGM’s operating assets. Prior to joining TGM, Mr. Goldman was an Associate Director at Ocean Atlantic, a national residential developer, where he was responsible for the entitlement, planning and development of mixed-use communities. Mr. Goldman holds a Bachelor of Arts in Political Science and Economics from Hobart College.

Acquisitions Associate

Zachary Goldman


Alan Kersh


Clifford Wolf

Corporate Secretary

Veta Bills


2013-03-12 17:00:00
Key Focus Areas
Acquisitions Asset Management Construction Dispositions Leasing Property Management Real Estate Investing Individual Investors Institutional Investors
Geographical Area
Mapped Location