NEW YORK, Dec. 9, 2024 /PRNewswire/ — It is with profound sadness that TGM mourns the death of its Co-founder and Managing Principal, Steven C. Macy (1949-2024). Steve, real estate executive, husband, brother, uncle, friend, mentor, proud parent and grandparent, and oracle of wisdom who told endless anecdotes, died in New York on December 2nd. Steve was a dynamic leader with a breadth of interests and knowledge that matched his energy, enthusiasm, and drive. He was born and raised in Dayton, Ohio.
Steve co-founded TGM Associates L.P. (“TGM”) with Thomas Gochberg in July 1991. TGM provides an integrated suite of asset and property management services to large, global institutions, including state pension funds, sovereign wealth funds, corporate pension plans, and high-net-worth individuals. Prior to co-founding TGM, Steve worked at Smith Barney Real Estate and its successor company, Security Capital, where he first met Thomas Gochberg. Steve also worked for Integrated Resources, where he headed Integrated’s national portfolio of 32,000 apartments.
Steve was responsible for overseeing Smith Barney’s nationwide property management operations and is recognized by some as one of the principal creators of the national property management business. Prior to his tenure at Smith Barney, real estate investment was predominantly a local and regional business, and Steve was responsible for creating an organization that was national in scope and capable of efficiently managing a portfolio stretching from coast to coast. He replicated this process twice more while at Integrated Resources and TGM.
Steve was profiled in Bloomberg Businessweek’s Executive Profile Directory for multiple years. He was also awarded the Institute of Real Estate Management’s Certified Property Manager designation and was instrumental in TGM’s designation as an Accredited Management Organization by that same institution.
Steve’s Real Estate affiliations included being a member of the Institute of Real Estate Management, the National Multi Housing Council (he served on the Board of Directors from 1990 to 1991), the National Apartment Association, and the Pension Real Estate Association.
Steve was a member and patron of numerous New York social and cultural institutions and was an active member of the New York City Catholic Diocese. He accompanied Cardinal Dolan and his predecessor, Cardinal Egan, as members of their entourage on several visits to the Vatican, where Steve met sitting Popes. Steve was also an active member of St. Ignatius Loyola’s congregation on the Upper East Side of Manhattan. Steve also enjoyed traveling with his Jesuit friends, including attending several silent retreats and several trips to Israel.
Steve and his wife Emi had a plethora of shared interests that included volunteering, cooking, and good food (Steve was an excellent cook and enjoyed preparing meals for all), and was an adventurous traveler. Steve had an amazing rolodex of excellent restaurants from all the places he visited and usually a good story or two from the times he frequented them.
Steve dedicated significant time to mentoring young minds in search of wisdom. He once published his feelings on how to lead a “successful life” which reflected those tenets that resonated deeply with him and were evident to any person that he came in contact with. In short, Steve stated that if you wanted to change the world:
Steve is survived by his wife Emi; children Christopher, Tiffany, Alexa, and Akane; grandchildren Todd Jr., Tess, Tanner and Tom; his sister Karen; and many cousins, nieces and nephews. He will be missed by all.
About TGM
Founded in 1991, TGM is an investment advisory firm organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services. An affiliate of TGM provides property management services under the brand TGM Communities. As of September 30, 2024, TGM has invested in 141 multifamily properties throughout 28 states.
To learn more about TGM please contact John Gochberg, Managing Principal, Chief Executive Officer, and President. Phone: (212) 830-9312, E-mail: jgochberg@TGMAssociates.com
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SOURCE TGM
