TGM Associates has announced the death of its co-founder and long-time CEO, Thomas Gochberg.
Gochberg passed away on May 24, 2018, after a brief illness.
He attended Columbia College in New York, leaving after two years to enlist in the U.S. Army.
After leaving Columbia, Gochberg worked for several years at Chemical Bank before joining Smith Barney & Co. to start Smith Barney Real Estate Corp. In 1970, with Gochberg’s leadership, Smith Barney Real Estate created the first open-ended real estate partnership, SB Partners, which continues to the present day.
In 1979, Gochberg arranged a management takeover of Security Mortgage Investors, a publicly traded real estate investment trust, becoming its president and renaming it Security Capital Corp. Subsequently, Security Capital purchased Smith Barney Real Estate from the parent company and merged it into Security Capital, making the combined firm one of the nation’s largest fully integrated real estate financial holding companies.
In 1991, Gochberg co-founded TGM Associates L.P. a specialized money management firm focused on investing in multifamily real estate for large institutional clients. TGM has since grown into a premier real estate investment firm that has acquired 133 properties with cumulative purchase prices in excess of $2.7 billion. In July 2017, TGM celebrated its 26th anniversary.
In addition, Gochberg was one of the founders of the Pension Real Estate Association (PREA) and was its first president in 1977 and its second chairman.
