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.
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 four apartments in a three-story building, totaling 4,104 SF of net rentable area. After closing with a 30-day escrow period, TCG is set to start designing and permitting two additional dwelling units (ADUs) to the ground floor of the property.
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 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.
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.
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.