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.
Initial Concept image of hospital buildings.
San Francisco Business Times
Major hospital redevelopment wins approval in San Francisco
by Laura Waxmann

The San Francisco Planning Commission on Thursday unanimously approved the redevelopment of the five-acre California Pacific Medical Center campus at 3700 California St. into 31 residential buildings with 273 units. 

Developers TMG Partners and Grosvenor Americas have described the project as targeting families, with over 70% of its units offering two bedrooms or larger, and neighborhood groups have expressed support for the project.

Five of the hospital's six existing buildings and a two-level parking garage will be razed to make way for the project.

TMG's Matt Field estimated it will take 18 to 24 months to obtain building permits before the developers can break ground. He told the commission that construction would be split into three phases and will span three to four years.

“We have three distinct blocks to work through,” said Field, adding that construction would start on the east side of the site and move west. “We have a large parking garage on the western side that can be used for workers so the impacts on the neighborhood are less than significant.”

The first residents will be able to move into buildings constructed during the first phase following completion. 

A nine-unit residential building at 401 Cherry St. will be retained and renovated, as well as a portion of the Marshal Hale hospital building at 3698 California St. The new construction includes 14 single-family homes and 19 multifamily residential buildings that will rise three to seven stories. The new homes will comprise 69 studio and one-bedroom units, 88 two-bedroom units, 96 three-bedroom and 20 four-bedroom units.

A total of 416 parking spaces will be added to respond to neighbors' concerns about a lack of parking in the area. The project’s amenities comprise some 86,200 square feet of private and common open space and include a fitness facility and common roof decks for some of the buildings. 

Rather than build a percentage of on-site affordable housing as required under local law, the developers chose to pay afee to the city totaling about $43 million — a move lamented by one member of the commission.

“I really wish that there was on-site affordable housing. We know that affordable housing takes longer [to build] than a new development being built,” said Theresa Imperial, who joined the commission earlier this year. “It would be a great neighborhood for families [of all income levels] to live in as well.”

Some members of the public who spoke during the hearing opposed the project because 124 of 173 trees will be removed. Field said new trees will be planted to replace those lost.

Navigation Center for homeless young adults approved

A 75-bed Navigation Center serving “transitional age youth” experiencing homelessness proposed for the former House of Fans building at 888 Post St. was approved by the commission on Thursday. 

The commission’s approval followed a unanimous vote on Tuesday by the city’s Board of Supervisors that authorized a 20-year lease for the three-story building worth $49 million. That agreement provides the city with an option to buy the site by August 2022 for $29 million.

The building’s ground floor will be subleased by Goodwill Industries, which plans to open a donation drop off center and a workforce development program. 

The city’s most recent point-in-time count showed that more than 1,000 young adults aged 18 to 24 experience homelessness on any given night in San Francisco. Currently, the city operates just one 40-bed shelter focused on that population.