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
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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.
Fremont builds a downtown from the ground up
ABC 7
Fremont builds a downtown from the ground up
by Ken Miguel and Amanda Del Castillo

FREMONT, Calif. (KGO) -- It is one of the largest cities in the Bay Area, but it has no downtown business district. Fremont is hoping to change that, taking steps to create a unique urban center, literally starting from the ground up.

At a groundbreaking celebration last month, city leaders turned over a new chapter in Fremont's history. An event center and 1-acre civic plaza will be the centerpiece of an ambitious plan to build a downtown from scratch.

Fremont was founded in 1956 -- that's when five smaller cities merged into one 92-square-mile city. Today, the Centerville, Irvington, Niles, Mission San Jose, and Warm Springs districts each have their own urban centers, but the city as a whole has lacks a central identity.

"It's important for a city to have a gathering place, a social heart, and opportunity for people to have more interactions and dynamic services," said Fremont's Mayor Lily Mei.

Mayor Mei says the new downtown was four decades in the making. The project encompasses 110 acres, bounded by Fremont Blvd, Mowry Avenue, Paseo Padre Parkway, and Walnut Avenue.

"This is the place that we have our Festival of the Arts, we have Festival of India, our July 4th parade, so it's creating that sense of place-making. And as the buildings go up, and as more resources are available, such as our downtown event center, it really solidifies that presence for the community," said Mayor Mei.

"Fremont lacks a downtown. We're the fourth largest city in the Bay Area... without a downtown," said Clifford Nguyen, the city's Land Use Initiatives Manager.

When complete, Nguyen says, this new downtown will provide new housing, offices, and retail space -- all within walking distance of Fremont BART.

"The plan envisions the build-out of 2,500 new residential units, which will bring in approximately 12,000 new residents to downtown as well as 2.5 million square feet of new retail and commercial space," said Nguyen.

The current project hasn't come without hiccups. The Great Recession slowed the project but gave the city and developer an opportunity to fine-tune the project.

"We were picked in 2008 to be the master developer, and we went back to the city and said nothing is going to be built for five years, so let's take this time and plan this whole district," said David Cropper of TMG Partners.

That plan now includes the flexibility to adjust to market demands, says Cropper.

"If the market for housing is in the tank, the developers can build office -- and if there's a bad office market, then developers have an opportunity to build housing," said Cropper.

The main street of this new city center will be Capitol Avenue. The city broke ground in 2015, and has since completed a tree-lined street, complete with bike racks and park benches, and parking steps from future storefronts. There is a lot of work to still be done, but momentum for this new urban center is quickly picking up steam.

Fremont's Economic Development Director Christina Briggs said, "And now the private investment is coming in. We've got multiple either already underway or well into our development pipeline."

They have engaged local businesses to encourage them to make downtown a destination.

"We want people to know this is a location for dining, for entertainment, and we're here to help them make that happen," said Briggs.

The entire project will be completed in phases over the next 20 years. The first priority is activating Capitol Avenue.

With work now underway on the city's new event center, Downtown Fremont is finally closer to becoming a reality.

"To actually see it coming on the rise is like Jack and the Beanstalk. You plant a seed and you watch it grow," said Mayor Lei.