#USA #New York #Real Estate #Steven Macy #TGM Associates

In Loving Memory of Steven C. Macy

The real estate community is mourning the loss of Steven C. Macy, a distinguished co-founder and managing principal of TGM Associates L.P., who passed away on December 2, 2024, in New York. With a career that spanned several decades, Steve's contributions to the field of real estate were profound, not only through his business acumen but also through his dedication to mentoring the next generation of leaders.

Steve was born in 1949 in Dayton, Ohio, and developed a passion for real estate early in his life. In July 1991, he co-founded TGM with Thomas Gochberg, establishing a firm that has become synonymous with excellence in asset and property management. Under Steve's leadership, TGM transitioned into an integrated suite of services catering to institutions such as pension funds and high-net-worth individuals, reflecting his visionary approach to real estate management.

Prior to TGM, Steve held key positions at Smith Barney and Integrated Resources, where he was pivotal in creating a national property management framework in an industry that was historically localized. His innovative strategies and unwavering commitment towards enhancing operational efficiencies set a new standard in real estate management. Steve not only oversaw large national portfolios but also played a significant role in shaping the landscape of the real estate investment industry as we know it today.

As a respected figure in the industry, Steve garnered accolades such as being profiled in Bloomberg Businessweek's Executive Profile Directory and receiving the Certified Property Manager designation from the Institute of Real Estate Management. His contributions extended beyond corporate success; he actively participated in numerous associations, including the National Apartment Association and the Pension Real Estate Association, positively impacting the broader real estate community.

In addition to his professional endeavors, Steve was deeply involved in his community and remained an active member of New York City's social and cultural tapestry. He was known to travel with prominent religious figures like Cardinal Dolan, with whom he made several visits to the Vatican, fostering connections that reflected his dedication to both faith and community service.

Steve’s personal life was characterized by his love for family and community. Together with his wife Emi, he embraced numerous shared interests, including cooking, volunteering, and adventurous travel. He was not only an excellent cook but also possessed a remarkable knack for discovering unforgettable dining experiences around the globe. His infectious enthusiasm and an impressive collection of stories made him a beloved individual among family, friends, and colleagues.

He was also a devoted mentor, dedicating time to guide young professionals in their pursuits. Steve’s philosophy on achieving success was straightforward yet profound. He encouraged setting daily and annual goals, maintaining integrity, embracing risks, and giving back to the community. His principles emphasized discipline, hard work, and the importance of self-reflection, urging others to not only aspire for personal success but also contribute positively to society.

Even in his passing, Steve’s legacy endures. He is survived by his wife Emi, children Christopher, Tiffany, Alexa, Akane and grandchildren Todd Jr., Tess, Tanner, and Tom. As the community comes together to celebrate his life, they honor not only his business achievements but also the values of kindness, humility, and mentorship that he instilled in those who had the privilege of knowing him.

In memory of Steve, TGM and those who were influenced by him continue to commit to excellence, fostering growth within the real estate sector while nurturing future leaders, resonating with the ethos that he passionately championed throughout his life.