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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

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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.

November 3, 2023

kpbs

San Diego hosts 'Build the Middle' conference on missing middle housing

by Andrew Bowen

Homebuilders from across the country gathered in San Diego this week for the "Build the Middle" conference on "missing middle housing."

Missing middle housing refers to any type of housing that's not a single-family home or a large apartment building, said Rafael Perez, vice president of the Casita Coalition, which hosted the conference. That can include duplexes, triplexes, townhomes and accessory dwelling units, or ADUs.

California legalized ADUs across the state in 2016, leading to a building boom. Perez said they're often cheaper to build because they're relatively small and easy to connect with water, sewer and electrical lines.

"There's a lot of innovation in prefab homes, modular homes that could be assembled quickly or are partially built in a factory," Perez said. "All of these innovations have cut down costs and have increased the speed of delivery."

ADUs are also getting easier for homeowners to finance. The Federal Housing Administration last month announced a new policy that allows lenders to count future rental income from an ADU in a homeowner's loan application. This was previously only allowed for duplexes.

And California lawmakers this year passed AB 1033, which allows homeowners to sell their ADUs separately as condominiums — as long as there's a local ordinance that allows it.

A handful of states have already passed similar laws, which Perez said could create new more affordable options for first-time homebuyers.

"Some of those units sell for 40-60% of what a single-family home sells for in that neighborhood," Perez said. "For people who are dreaming of homeownership and think it's out of reach, that may create some new, exciting inventory options down the road that are an alternative to just an apartment-style condo."