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
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.
Michael Covarrubias
Nob Hill Gazette
A Field Guide to the Power Players of San Francisco
By Ali Wunderman

San Francisco is only seven by seven miles, yet it sustains an unusually dense ecosystem of power: tech founders and union bosses, chefs and prosecutors, developers and fundraisers, and the society photographers who document them all. Few places pack such varied influence into so little terrain, however hilly it may be.

The trained observer identifies these individuals the way a birder does: not by size or plumage, but by call. And the call that counts is over the phone: whose gets returned, and whose changes an outcome. Trace the taxonomic branches back and they tend to meet at a common ancestor — the mayor — as they always have, and still do.

Welcome to your field guide to 20 of San Francisco’s biggest power players, arranged by habitat — from the corridors surrounding Room 200 to the velvet rope of the benefit circuit.

Money & Real Estate

Habitat: the downtown skyline and blue-blooded fundraisers

Michael Covarrubias

The Builder

Forty years, 30-plus million square feet, and a résumé stamped on the skyline: Metreon, Macy’s Union Square and more. The TMG Partners chairman and CEO was named a San Franciscan of the Year by this publication and is known for the rarest talent in local development — that is, building consensus so actual things get built. In a moment defined by empty towers and downtown anxiety, Covarrubias is the developer whose read on the market carries weight in conversations where capital determines whether to bet on this city. When he says downtown’s in the early innings, people listen and invest.