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.
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.
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.
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 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.
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.
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.
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.