Boca Beachside Rentals Receive Upgrades


Staff report

TGM Oceana spans four acres across the entire width of Boca’s barrier island and boasts 100 feet of beach frontage.

In addition to views, the property received upgrades both inside and outside since TGM acquired the property nearly a year ago for $50.5 million.

All 160 apartment interiors were renovated with stainless steel appliances, modern track lighting, decorative tile backsplashes and kitchen and bath hardware. Units have granite counters, ceramic tile, patio and balcony, washer and dryer and walk-in closets. Heating and air condition systems were replaced, the athletic club was completely renovated and three outdoor kitchens with lounge seating were installed.

Apartments range from one-two-and three bedroom rentals. The average unit size totals more than 1,000-square feet. The community is located on A1A just north of Palmetto Park Road.

If you have a boat, 10 Intracoastal boat slips are available for residents and the general public to rent.

The community has private beach access, swimming pool and covered parking.

TGM invests in multifamily complexes. In addition to Boca Raton, TGM currently owns and manages several properties on the West coast of Florida; TGM Bermuda Island and TGM Malibu Lakes (both in Naples); TGM Palm Aire and TGM University Park (both in Sarasota); and, TGM Bay Isle and TGM Ibis Walk (both in St. Petersburg).

In late 2015, TGM sold Vintage at Abacoa and Floresta both in Jupiter. The company has been active in Florida since its inception in 1991. It has acquired 19 communities with about 7,300 apartment units.

According to the company’s website for the Boca property, one bedroom units start at $1,845 per month for rent, two bedrooms range from $2,100 to $2,985 per month and three bedrooms start at $3,895 per month for rent.

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