TMG Partners, one of the San Francisco Bay Area’s largest multi-strategy property investors and developers, announced today the promotion of current President Matt Field to the position of Co-Chief Executive Officer, effective immediately. This strategic decision reflects the company’s continued commitment to its future growth as a best-in-class real estate operator positioned to capitalize on today’s challenging market conditions. TMG Partners is recognized for its ability to source unique investment opportunities, create innovative projects, and to deliver industry-leading risk-adjusted returns for its capital partners.

“Matt hit the ground running at TMG as an aggressive dealmaker with the intellect for grasping the balance of development cycles, work and lifestyle trends, and financial opportunity,” said TMG Chairman and now Co-CEO Michael Covarrubias. “As a native San Franciscan who has traveled most every inch of Northern California, he understands the nuances and challenges, as well as hurdles and opportunities of both local cities and the broader commercial real estate industry.”

With more than 37 years of commercial real estate experience, including development, finance, leasing, and project management, Matt joined TMG Partners in 1993 as a project manager where he immediately began managing complex entitlement and development projects. Over his thirty years with TMG, Matt became a Partner, then was promoted to Managing Director and Chief Investment Officer. Named President in 2019, he has had principal responsibility for the real estate portfolio, including managing the company’s investment activities as chair of the Investment Committee. Since 2003, he has been a lead partner in over $5 billion of transactions.

“It’s been an honor to work with the talented and seasoned team at TMG for the past three decades, and I’m looking forward to co-managing the business with Mike and continuing the growth of the company,” said TMG Partners’ Matt Field, Co-CEO. “The TMG Partners brand reflects the depth and quality of the relationships we have built with capital partners, city governments, members of the communities in which we work, and within our own team. Our success is attributable to these relationships and the integrity, expertise, and acumen of our team. I look forward to expanding upon Mike’s decades of leadership and commitment to philanthropic support of local organizations and thank him for his trust in me to co-lead the next evolution of our business.”

Prior to TMG, Matt worked at Catellus Development Corporation in corporate financial analysis and major asset acquisitions and dispositions. His prior experience also includes work at Sedway Associates and Halcyon Real Estate Advisors. Matt is actively involved in numerous community organizations, including the Yerba Buena Community Benefit District; buildOn; Do It for the Love Foundation; Empower Me Academy; Town School; NAIOP San Francisco Chapter; the Urban Land Institute; and as a technical advisor to civic and non-profits.

He has a Bachelor’s degree with a major in Political Science from the University of Colorado, Boulder.