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It’s the way we think
that sets us apart.

TMG Partners has been in the business of developing award-winning, financially-successful, community-based real estate for 39 years. As much as we have accomplished over the last three decades, we believe it is the way we THINK about our region, the risks we manage, the critical timing of our projects and the value we create that sets us apart.

Localism

Real Estate is
a local business.

No, really.

The San Francisco Bay Area is an extremely diverse real estate marketplace with countless micro-business climates teeming with possibility. But you have to be here—and know here—to make the most of the opportunities all around us. Having been exclusively committed to the Bay Area for over three decades, we have developed a keen local intuition which gives us a unique advantage in recognizing both the opportunities and risks in this complex market.

Regionalism

We Think
Mega

If we try to solve our land use problems by focusing only on the nine Bay Area counties, we will fail.

Michael CovarrubiasChairman & CEO

As the Bay Area’s economy has grown over the last three decades, so too has its challenges—particularly related to transportation, housing, affordability and climate change. To plan for growth of 4 million more people in the next third of a century, TMG is thinking bigger, beyond our nine Bay Area counties, and working on longer term strategies to create greater connectivity across our entire megaregion.

Timing

It’s got to work at low tide as well as high tide.

Some of our best deals are the ones we didn’t do.

Matt FieldChief Investment Officer

Almost anyone can make money in a positive economic climate. But it takes discipline, depth of market knowledge and experience in all major product types to know when to buy and when to sell. The most profitable deals can be the ones you decide just don’t make sense or are outbid by an “out of town” competitor. Because we are active in our markets on a daily basis, TMG Partners has managed a portfolio through 39 years of market cycles that works in all phases and has withstood the sands of time.

Vision

huh?

Once it’s obvious, it’s too late.

Cathy GreenwoldSenior Advisor

If you wait for the statistical proof to confirm real estate opportunities, you’re looking backwards. TMG Partners has cultivated an approach to studying the business landscape that reveals market opportunities before they become obvious. Our contrarian investment strategy balances optimism and caution with the intent of turning forward-looking investments into no-brainers.

Returns

Redefining IRR

Our measure for success goes beyond profit.

Lynn TolinChief Operating Officer

Most investment professionals have a clear understanding of IRR: Internal Rate of Return, a purely financial measurement of performance. At TMG we use a different definition. For us, IRR means balancing Integrity, Relationships and Results. We measure every aspect of our business through this lens to ensure our partners, communities, tenants and buyers are treated with the highest degree of respect and responsibility while we consistently deliver superior financial performance.

Think

Localism

Regionalism

Timing

Vision

Returns

Close

Close

News & Awards.

TMG Partners has won awards for many projects
including honors for “Best Mixed Use,”
“Best Office,” and “Best Historic Rehabilitation”.

In the News. Press Releases. Awards.

March 22, 2018

San Francisco Business Times

Real Estate Deals of the Year: Tennis Club Land Sale

Jason Folkmanis

Why it won: The fight to develop an office project on the site of a tennis club at Fifth and Brannan street brought out figurative pitchforks and high-profile names.

When a development team of Alexandria Real Estate Equities and TMG Partners announced plans to rebuild the site with an office hub, neighbors and tennis members lined up against it.

“The Tennis Club is the latest manifestation of the fight for the livability of the city against high-tech developers,” former Mayor Art Agnos opined in 2015.

But the developers worked with the opposition to design a project that incorporated the tennis club and won over critics. The team closed on the transit-rich site for $140 million.

“The site is at the nexus of new and existing transit structure,” said Matt Field, TMG’s chief investment officer, in 2015.

Tennis Club Land Sale

Address: 645 5th St., San Francisco

Size: 866,500 square feet

Price: $140 million

Buyers: Alexandria Real Estate Equities Inc. and TMG Partners

Seller: Bay Club Properties Holdings LLC

Seller brokers: Mike Taquino, Kyle Kovac, Dan Cressman of NKF Capital Markets

“This project had three levels of complexity. You had a major rezoning effort in the Central Soma Plan. Second, the office allocation from Prop. M would need to be secured prior to developing. Third, the property was a functional tennis club. Alexandria/TMG have come up with a creative plan that includes maintaining a tennis club.”

— Mike Taquino, executive managing director, NKF Capital Markets