About Us

Founded in 1982, Thomas Properties, Inc. is a full service real estate investment, development and property management. Construction services are also provided through its affiliate, Tioga Construction.

Headquartered in Walnut Creek, California, the firm is active in major west coast markets and represents the interests of private investors, group investors, and entities of institutional investors; bringing to its projects a vast and diverse experience.

Steve Thomas, principal of Thomas Properties has developed over two million square feet of commercial, office, industrial, R&D, Biotech and residential projects over the past 25 years. In addition, he and his company are committed to working only with team members who are dedicated to perform beyond expectation in all aspects of project development.

On each project, Thomas Properties manages the entire development process, bringing together a team of experts in each field who will work as if it were their investment in the project.
With over $200 million worth of development projects in recent years, the Thomas Properties team knows the right questions to ask to best understand the requirements and objectives of each development. They apply this knowledge to every aspect of the project which streamlines the entitlement process, while maintaining development goals in the most cost-effective method possible.

As a company, Thomas Properties emphasizes teamwork, client compatibility, local market knowledge, productivity and most importantly, personal integrity. This is confirmed by the success of our projects and clients/investors satisfaction.

Our Executive Team

Steve Thomas

Chief Executive Officer

Chief Executive of Thomas Properties, Inc. and Tioga Construction, Inc., Steve Thomas is a fourth generation Californian, builder-developer. Thomas began his real estate career in 1983 as a Real Estate Broker, specializing in high density, multi-family land development, and over the years acquired substantial experience in the real estate, construction, and development industries. He began management and ownership of the business in 1989.  Over the years Thomas Properties has developed more than 2000 lots and multi-family units and has primarily focused on investing, developing and building more than 1000 apartments and well over 2 million square feet of commercial rental space, including retail, office and bio-tech.

Thomas has served many organizations with both financial commitments and leadership roles including Hospice, Mesothelioma, Walnut Creek Art & Wine, Clayton Business Community Association, Walnut Creek Community Foundation, Home-Aid, Walnut Creek Chamber of Commerce, Concord Chamber of Commerce, 4-H in California and Colorado, Walnut Creek Pony league, California Waterfowl Association to name a few.

Thomas is past President of the Contra Costa Centre Association, a transit oriented development he has participated in active development since 1986, which now has over 1 million SF of office space over 2,000 apartment units and 2 hotels, and past president of the Building Industry Associations, Commercial Industrial Council.

Thomas is a graduate of the University of Arizona where he earned his degree in Real Estate and Finance and ran Track and Field.  He also holds a California General Contractor’s License.

Dave Thomas

VP of Construction

Dave Thomas has lead the construction management team at Tioga Construction since 1988. He oversees and manages all aspects of construction including bidding and awarding of projects, preconstruction and budgeting, project control, design coordination, value engineering and construction of all types of commercial buildings. Thomas is responsible for establishing the overall scope of projects, preparing bids, estimating, managing engineering, architecture, consulting teams and sub contractors and establishing criteria and schedules for construction and installation. Known in the industry for being “on time and on budget” he specializes in scheduling and quality and cost control. Thomas has successfully constructed over 1 million quare feet of space, including office, retail and multi-family units.

A graduate of California State University, Chico, Thomas received his degree in Construction Management.

Sam Thomas

President of Development and Leasing

As President of Development and Leasing  for Thomas Properties since 2010, Sam Thomas is responsible for management of the company portfolio of new and existing development projects, property identification, acquisition and tenant negotiations. Thomas also oversees the overall supervision and management of the leasing responsibilities for all commercial real estate properties. This includes leasing of new developments and adaptive re-use projects, as well as existing stabilized assets with routine turnovers. He also manages the creation, design, marketing and execution of company development projects, and specifically identifies, researches, underwrites and manages the acquisition of properties to close of escrow.

Thomas attended California State Polytechnic University, San Luis Obispo where he played baseball on scholarship.

Our Portfolio

Established in 1983, Thomas Properties has become one of the most respected commercial developers in the Bay Area. Well versed in investing, real estate, development and construction, Thomas Properties has developed and built over 1,000 apartments and well over 2 million square feet of commercial space including retail, office and bio-tech projects.

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