Tesseract Capital Group (TCG) is pleased to announce first acquisition in Marin County, The 400 Apartments located in San Rafael, CA. TCG went into contract for the property in May 2022 and successfully closed the transaction in accordance with the originally contracted price and timeframe. TCG worked with KeyBank Real Estate Capital and JLL Capital Markets to complete this transaction. “During a …
Tesseract Capital Group (TCG) is pleased to announce its acquisition of the Meadowbrook Apartments in West Sacramento, CA. TCG went into contract on the asset in November 2021 and successfully closed the transaction in accordance with contracted terms. TCG worked with Dwight Mortgage Trust and Newmark to complete the transaction. “TCG performed exceptionally well in the acquisition of Meadowbrook Apartments. …
Tesseract Capital Group (TCG) is pleased to announce its recent acquisition of Westlake Apartments, a 148-unit community located within the highly desirable Pocket-Greenhaven neighborhood of Sacramento, CA. TCG went into contract on the asset in September 2021 and successfully closed the transaction in accordance with originally contracted terms. TCG worked with KeyBank Real Estate Capital (KBREC) and Newmark to complete …
Tesseract Capital Group (TCG) is pleased to announce the official closing of Tesseract Fund II (Fund)—TCG’s second closed-end multifamily equity fund. After surpassing the initially targeted $40M within the first 30 days of launch, TCG increased the Fund’s maximum capacity to $50M. Thirty days later, Fund II was over-subscribed reaching nearly $55M in requested commitments. Since closing, Fund II has …
Tesseract Capital Group (TCG) is pleased to announce its recent acquisition of The Appian Terrace Apartments, a 39-unit community located in El Sobrante, CA. TCG went into contract on the asset in December 2020 and successfully closed the transaction in accordance with originally contracted COE dates. TCG worked with KeyBank Real Estate Capital (KBREC) and Transwestern to complete the transaction. …
Tesseract Capital Group (TCG) is pleased to announce its recent acquisition of The Enclave Apartments, a 32-unit community located in Walnut Creek, CA. TCG successfully closed the transaction in accordance to the contracted COE date despite current capital market uncertainty. TCG worked with Dwight Mortgage Trust and CBRE’s Capital Markets Team to successfully complete the transaction. “In an extremely competitive …
Tesseract Capital Group (TCG) is pleased to announce its most recent acquisitions of Summerview and The Marc At 1600. The 236-unit portfolio is located in Modesto, CA—a rapidly growing metropolitan area within the Central Valley. 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 …
Urban developers already are implementing features like in-garage electric vehicle charging stations and electric water heaters to attract eco-conscious residents. Tesseract Capital, an active West Coast commercial real estate investor, redevelops properties with advanced appliances, smart thermostats, photovoltaic solar panels, and other tools where possible but has seen the difficulties of connecting to the electric grid. “The move away from …
HAYWARD, CALIF. — KeyBank Real Estate Capital (KBREC) has secured $35 million of Federal Housing Authority (FHA) fixed-rate loans for San Francisco-based Tesseract Capital Group (TCG) for the refinancing of two multifamily assets in Hayward. The company secured $17.5 million for Vivante Apartments and $17.4 million for Solis Garden Apartments. Both transactions closed using FHA’s 223(f) mortgage insurance program. Built …
Tesseract Capital Group (TCG) is pleased to announce its recent acquisition of Delaware Apartments, 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 …
