Case Studies
Located just west of the Sacramento River, this 92-unit property comes with an abundance of land area tucked in a quiet pocket near the city center. The property spans 68,690 SF of net rentable area and offers a wide array of amenities including spacious individual patios, swimming pools, covered parking, and in-unit air conditioning. The closing of Meadowbrook Apartments will signify TCG’s second acquisition in the Sacramento market.
Westlake Apartments a 148-unit community located within the highly desirable Pocket-Greenhaven neighborhood of Sacramento, CA. The property spans 139,996 SF of net rentable area and offers a wide array of amenities including spacious individual patios, a swimming pool, assigned parking, in-unit air conditioning, lakeside barbeques, and a private boat dock.
Westlake Apartments signifies TCG’s first acquisition in the Sacramento market.
Appian Apartments was acquired on March 16th. The property is comprised of 27,550 SqFt of Net Rentable Area including 25 two-story townhome-style apartments. TCG plans to expand upon its signature value-add strategy with the ground-up construction of 2 additional dwelling units (ADUs) on site.
The closing of Appian Terrace will signify TCG’s twelfth acquisition in the East Bay submarket bringing its total market share in the region to $150M.
The Enclave Apartments was acquired on November 30th for $10M. The property is comprised of 24,648 SqFt of Net Rentable Area with a desirable unit mix and large floorplans. TCG plans to maximize its use through its signature value-add execution adding either a bedroom, den/office, and/or bathroom to many of the units.
The community is situated less than a mile away from the Pleasant Hill BART Station, which provides a convenient commute for over 400,000 Bay Area professionals. The city’s well-known, high-end communities give Walnut Creek the reputation of being a quiet and protected community with a highly regarded schooling system.
Modesto Apartments is a portfolio of 236-unit garden style apartments located in Modesto, CA. TCG went into contract on these assets in December 2019 and despite unprecedented economic conditions, TCG successfully closed both properties on-time in accordance with originally contracted COE dates. TCG worked with The Mogharebi Group (TMG) to complete the transaction.
Acquired in February 2020 and valued at $40M, Modesto Apartments consists of 190,482 SqFt of net rentable area. With easy access to Highway 99, the properties present an affordable alternative to the Bay Area.
Acquired in March 2019, Mariners Apartments is a 90-unit garden-style apartment community located in Stockton, California. The property consists of 14 residential buildings totaling 116,640 SF of net rentable area spread across 5 acres of land and features a generous ratio of open space and potential for additional common area amenities. Constructed in 1985, Mariners Apartments was designed and built to condominium specifications.
Delaware Apartments is a 42-unit garden style apartment community located in Berkeley, CA. Despite a multi-round bidding process, TCG was able to secure the contract to purchase Delaware Apartments with a non-contingent offer to close within 40 days. Upon execution of the PSA, TCG worked with Colliers International to consummate the transaction. Acquired on July 31st for $12.7M, Delaware Apartments consists of 42-units totaling 22,656 SqFt of net rentable area. The property is located just a few blocks west of the North Berkeley BART station—a convenient commute for all SF Bay Area based professionals. Residents also enjoy easy access to the UC Berkeley campus, Downtown Berkeley, and Solano Avenue’s retail corridor.
Located in the Duboce Triangle of San Francisco, the office serves as TCG’s new headquarters. The 2002-constructed property includes six office condominiums along with an 18-car parking garage. After closing escrow on the property in June, TCG began a full-scale interior remodel, utilizing TCG Construction to build out a self-designed space. TCG completed its custom build out and officially took occupancy this past November.
TCG recently entered its first co-sponsor joint venture with its investment in a 33-unit multifamily property, located in the city of Alameda, CA. Located close to Alameda Landing Shopping Center, Oakland, and San Francisco, Bay View Apartments is TCG’s first oceanfront property featuring gorgeous views of the San Francisco bay. Originally constructed in 1959, the property is a two-story building with 14,400 SF of net rentable area.
8th Ave Apartments is located in the Inner Sunset neighborhood of San Francisco which is blocks away from Golden Gate Park and nestled next to the University of California, San Francisco (UCSF) Parnassus Campus and Medical Center. 8th Ave was originally constructed in 1971 and consists of six apartments in a three-story building, totaling 5,254 SF of net rentable area. After closing with a 30-day escrow period, TCG entitled and constructed two additional dwelling units (ADUs) to the ground floor of the property, increasing the unit count by 1.5x.
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. 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.
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.
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.
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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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.
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.
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.
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.