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 40 years. As much as we have accomplished over the last four 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 four 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 & Co-CEO

As the Bay Area’s economy has grown over the last four 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 FieldCo-CEO

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 40 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 &
Executive Vice President

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
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About.

Bay Area focus, experienced management and long term local relationships have been the keys to TMG’s 40‑year track record of success.

Exclusive Bay Area Focus.
Headquartered in San Francisco for decades, TMG Partners is a privately held full-service development company specializing in urban infill projects across the San Francisco Bay Area. Our exclusive focus on the region helps us understand the nuances of market trends and timing, allowing us to be highly responsive and opportunistic while contributing to the vibrancy of the communities that populate our region.

Long Term Local Relationships.
Experienced management and unique local relationships have been key to TMG’s track record of success. Over the last four decades, our firm has cultivated deep relationships — both within the Bay Area real estate landscape, as well as nationally and internationally — with property owners, tenants, brokers, construction companies, capital sources, and financial institutions. TMG has developed in more than 20 different cities and every major county in the Bay Area, activating a reputation that reflects the value we place on enriching the communities in which we work. In concert with some of these very relationships, we have also delved deeper into the issues of housing, growth, water, transportation, and other matters critical to the overall sustainability of both the Bay Area and the greater State of California.

Broad Mix of Developments.
TMG has developed a mix of uses totaling approximately 30 million square feet of office, research and development, multifamily residential, retail, and more than 400 acres of land, with a portfolio valuation totaling $6.8 billion.

Institutional Partners and Superior Returns.
TMG’s successful development ventures have resulted in consistently superior investment returns for our equity capital partners. TMG’s partners include Farallon Capital Management, Boston Properties, Alexandria Real Estate, Invesco Real Estate, Northwood Investors, CalPERS, Fortress, Westbrook, Goldman Sachs and KKR, as well as a long track record with other institutional partners. The San Francisco Business Times has ranked TMG Partners among the top Real Estate Developers in the Bay Area and has acknowledged TMG for many award-winning development projects.

TMG Partners Cumulative
Development and Investment 1983–2024

Square Feet in MIL (1,000,000)

Asset and Property Management.

Accounting.

Administration.