Case

Acquired in 2018, Golden Gardens is a 110-unit garden-style apartment community located in Fresno, CA. The property is spread across 5.4 acres of land featuring a generous ratio of open space and a wide array of amenities. On-site amenities include: gated entry, a HD security camera system, a swimming pool, laundry facility, basketball court, children’s playground, covered parking, and robust landscaping. The Property offers convenient access to the I-99 highway, the major artery of the Central Valley connecting the San Francisco Bay Area to Southern California. The location makes it ideal for those commuting to all major employment centers in the San Joaquin Valley – a six-county region with a population base of over 4 million people.

Currently under project execution, the plan for this property is to renovate the interiors to the standards of TCG properties and improve on-site amenities, including the additions of a fitness center, a turf soccer field and a community BBQ area.

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Acquired in November of 2017, Gading Apartments is a 51-unit garden-style apartment community. The project execution includes a full apartment interior renovation, community amenity upgrades, construction of a fitness center, and a solar panel system mounted on new carports – designed to offset 100% of the properties electrical consumption.

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Acquired in August of 2017, Jackson Triangle Apartments is a 70-unit garden-style apartment community located in Hayward, CA. The Property is located near the San Mateo Bridge and I-880 Freeway, making it an ideal location for those commuting to and from Silicon Valley and Oakland. Directly across the street from the Property is the Jackson Square Shopping Center, which features several anchor tenants including Starbucks, Safeway, CVS, 24 Hour Fitness, Chase Bank, and Walgreens. The project execution includes a full apartment interior renovation, community amenity upgrades, exterior finishes and a solar panel system designed to offset 100% of the properties electrical consumption.

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Acquired in December of 2016, Tiki Garden Apartments is a 62-unit garden-style apartment community located near downtown Hayward. Our renovation plan includes a full cosmetic renovation of each unit interior, an upgrade of the Property’s electrical system, the installation of solar panels, and the addition of several common area amenities. Our mission is to create an attractive
community that will serve a safe, comfortable, and energy efficient standard of living for the City of Hayward and its residents.

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Manon Apts
Manon Apartments was acquired in April of 2016, and features 36 three-bedroom floor plans. The project is currently under renovation with a scope that includes updated modern interiors, a new roof, upgraded electrical systems, repaved asphalt and fresh landscaping. With sustainability in mind, this project will be retrofitted exclusively with Energy Star products, water efficient plumbing fixtures, and a roof-mounted solar panel system.

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Acquired in August 2016, this property is located in Hayward, CA, and features 22 two-bedroom townhouse style apartments. Currently under project execution, the plans for this property include full-scale, property-wide renovations. The interiors of the 2-bedroom apartments have been fully renovated, with high-end finishes and energy efficient appliances. A new roof, upgraded plumbing and electrical systems, fresh asphalt, upgraded security systems have added to the functionality of the property. A new exterior paint job and water-conservation minded landscaping have added to the aesthetics of the property. With sustainability in mind, this project will also incorporate solar panels on the roof, which will generate electricity for use by the residents. Upgrades to the common area amenities are also a focus of this project – with plans for new on-site recreational areas, bbq and picnic areas, and upgraded landscaping.

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The 4-story boarding house was acquired in March 2016 and fully stabilized after five months by August 2016. We successfully modernized all 22 units of the property by thoroughly renovating both the interiors and the exteriors, taking existing walls down to the studs. The finished product includes a large common living room, modern kitchen with stainless steel appliances, elegant bathrooms with marble finishes, and fully furnished, spacious bedrooms.

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Acquired in April 2016, this property is located in San Francisco, CA, and features 6 apartments with one and two-bedroom floor plans. Upon close of escrow, TCG began an extensive renovation of the building which included the integration of Photovoltaic Solar Panels along with a seismic retrofit of the existing building foundation. One of the highlights of the project is TCG’s participation in San Francisco’s ADU Program, which included the full conversion of the first floor garage space into newly constructed apartment units.

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Acquired in November of 2015, Warring Street is located directly adjacent to another property under TCG’s ownership. The subject is currently under renovation including the interior rehabilitation of the existing structure as well as the development of a 3,517 SqFt rear addition.

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Acquired in August of 2016, Adeline is located in the heart of Berkeley’s Adeline Corridor and us just 2 blocks from the Ashby BART station. The subject is currently under renovation including both interior and exterior rehabilitation.
Acquired in November of 2015, Channing Way is located just 2 blocks from the UC Berkeley campus. The subject is currently under renovation including the interior rehabilitation of the existing structure as well as the development of an in-law unit.

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Acquired in November 2014, this 3-story property is located in Berkeley. Completed in August 2015 to optimize the floor plan of 16 fully furnished units, with amenities including a large common lounge, work spaces, coffee station, modern kitchen with stainless steel appliances, high speed wireless internet throughout, USB integrated functionality, weekly maid service, weekly household supplies, community events and common use electronics such as Cable and Netflix provided plasma TV. We also offer private laundry service, cycling and yoga classes and weekly massage therapist appointments.

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Acquired in June 2014, College Ave is a well located and underutilized property with 66% vacancy at upon sale. It is comprised of 2 buildings: a 9-unit apartment complex and a 1,800 SF single family house in the rear of the lot.

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Acquired in April 2013 as an off-market transaction, this 7-unit, 3-story multi-family property is situated one block and a half from the UC Berkeley campus. Capital improvements were deployed and completed in every unit in all but one unit within 3 months of acquisition and rent stabilization was reached within 4 months. Renovation scope included new cabinetry, granite countertop, flooring, painting, light fixtures, electrical upgrades, and plumbing upgrades.
Acquired in 2014, this value-add project focused primarily on extensive capital improvements and successfully sold in 2015.
Acquired in 2014, this value-add project included extensive capital improvements and was sold successfully in 2015
Acquired in 2014, this value-add project focused on extensive capital improvements and sold successfully in 2015.
Acquired in December of 2015, College Ave is well located and underutilized property with tremendous value add potential. Property is currently under renovation.
This property was purchased in 2015 and is currently under renovation.

Acquired in February 2014 as an off-market transaction, this value-add project focused primarily on the resolution of outstanding tenant issues, project management, and most importantly the cost-engineered construction and renovation of the outdated units. Renovation scope included luxury kitchens remodels, bathroom remodels, flooring, painting, electrical upgrades, plumbing upgrades, mechanical upgrades and structural work. The condominiums were successfully sold within 12 months.

Acquired in July 2013, this property was constructed in 2000 and won the Berkeley Architectural Heritage Association award for new construction building. It is located less than 6 blocks from the Berkeley campus. Each of the three townhouse-style units consists of 4 bedrooms and 3 baths. We have successfully increased the value of this property in excess of 20%+ since ownership through rent maximization and capital improvements. This rare property is exempt from rent control.
Successfully acquired with private financing in December 2011 through a complicated short sale negotiating with both the 1st and 2nd lien holders. This 2-story Victorian-style duplex is situated on the corner of Fulton St and Parker St. Capital improvements were invested immediately upon acquisition with renovation completed within 3 months and stabilization within 4 months. Beneficiaries received an approximate 100% IRR and 2x equity multiple.
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Acquired as a foreclosure, this value-add project focused primarily extensive capital improvements and sold successfully sold in December 2013.
Acquired in October 2010 as a bank REO transaction, this value-add project focused primarily extensive capital improvements.
Acquired as a foreclosure in 2010, this value-add project focused primarily extensive capital improvements and rental stabilization. This property is located minutes from the prestigious University of the Pacific (UOP).
This single family residence was purchased in 2007 in a probate auction and successfully sold in 2008 after a significant renovation scope 20% of its acquisition basis.
This condo was purchased off-market in a for-sale-by-owner transaction. The asset’s interiors were renovated and leased to a long-term tenant.
This single family home was acquired in 2006 with high leverage financing terms exceeding 85% of acquisition basis. The asset was sold after 6 later after executing a cosmetic renovation.
The unit at the Beacon condominium complex was acquired in October 2011 in an all-cash closing at the trough of the market at a basis of just over $600 per square foot. The unit was lightly renovated and leased as an income property for a period of 3 years before it’s disposition late 2013 at over $900 per square foot.