Invest with SG
SG Real Estate is uniquely suited to identify and acquire compelling investments by leveraging its renowned expertise as an operator of Bay Area multifamily, student, and commercial real estate assets. As our investment portfolio continues to grow, contact us to become a part of our next investment opportunity and take advantage of our expertise.
Multifamily | 8,800 Sq Ft
Vicente Studios
Temescal District
Oakland
UNITS
29
ACQUIRED
December 2022
We acquired Vicente Studios as a stabilized asset with massive upside potential. The property consists of small studios, which are always in demand. We projected a nearly 3% spread between entry cap and market cap, with significant expected turnover on lightly controlled units. Hold expectation is 5-7 years and we’re targeting 20% IRR for our investors.
Multifamily | 4,300 Sq Ft
The Yosemite Apartments
Piedmont Avenue District
Oakland
UNITS
8
ACQUIRED
November 2022
Yosemite Avenue Apartments was a strategic acquisition targeting aggressive per-unit unit basis and cap rate while taking advantage of an extended rate-lock offered by our bank as preferred clients. Expecting a modest 15% IRR following a 5-7yr hold.
Mixed-Use | 25,000 SF
Telegraph Commons
Telegraph Avenue
Berkeley
UNITS
69
ACQUIRED
February 2020
SOLD
August 2022
This was a complicated joint venture with a local partner as well as a national capital fund to acquire and substantially reposition a large student housing project several blocks from UC Berkeley. After carrying the property through the Covid-19 closures and an extensive capital improvement slate, we were able to deliver approximately 32% IRR to our investors over a three year period.
Multifamily | 6,500 SQ FT
Temescal Life Apartments
Temescal District
Oakland
UNITS
10
ACQUIRED
May 2022
Located in the A+ Temescal District, this property came to us off-market at a very competitive price and with significant upside via add-value projects including an ADU. After securing historically low interest, the property is returning 8% cash on cash for investors while we add to the unit count and target upside above a 7.5% yield on our total invested capital.
Mixed-Use | 15,600 Sq Ft
Piedmont Avenue Hideout
Piedmont Avenue District
Oakland
UNITS
10
ACQUIRED
February 2022
The Piedmont Hideout was an opportunity to roll 1031 exchange funds into a below-replacement cost, brand new asset priced in the neighborhood of $300 per foot gross. The proximity to Kaiser’s expanding campus and Piedmont Avenue will be an anchor for this unique building’s upside and market durability.
Multifamily | 6,300 Sq Ft
Glen Park Cottages
Glenview District
Oakland
UNITS
8
ACQUIRED
December 2021
SG and a small investment team acquired a stabilized property in an excellent location in an off-market transaction, to take advantage of sub 3% interest rates and a seller exchange opportunity. With 7 year debt in place and a 6% cap rate on an asset in excellent condition, the Glen Park Cottages is poised to be a long-term hold with high cash-on-cash and yield metrics.
Student Housing | 4,100 Sq Ft
Blake Street Lair
South Campus
Berkeley
UNITS
2
BEDROOMS
15
ACQUIRED
August 2020
Our investment group purchased the empty property at a near-distress price based on fears of prolonged campus closure. Fortunately, it was only a one-year wait for campus to reopen, at which point we were able to stabilize and refinance the asset, returning 80% of the investment capital and positioning for long-term cash flow.
Mixed-Use | 3,500 Sq Ft
Sutter Street Lofts
Pacific Heights
San Francisco
UNITS
5
ACQUIRED
October 2018
This Pacific Heights property was a major add-value renovation project. Upon purchase, the property had extensive deferred maintenance ranging from the unit condition and exterior to the building’s foundation mechanical systems. After an 18-month investment period and lease-up, the property’s revenue grew significantly, affording us the opportunity to stabilize and refinance the property in late 2021.
Net Retail | 6,083 Sq Ft
North Berkeley Community Retail
Northbrae District
Berkeley
UNITS
#
ACQUIRED
January 2019
One of our earliest investments was the community retail building in North Berkeley’s Northbrae District. During a high interest rate cycle, our investment group was able to acquire the property with cash with a 7% in-place yield on a net lease. During Covid, we were able to work with the tenant to support the economic pressure they faced, while in turn negotiating a long term lease upon recovery from Covid closures, financing with long-term CRE debt, and returning over 75% of our invested capital.