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.
Business Wire
TMG Partners Closes on $150 Million with Private Institutional Investor

Exclusive Placement Agent Park Madison Partners Sources Discretionary Capital from Large International Institution

NEW YORK & SAN FRANCISCO--()--TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, and New York-based Park Madison Partners announced today the closing of an exclusive $150 million separate account to invest in value-add commercial real estate in the Bay Area. The capital was sourced from a single, large institutional investor based outside the U.S.

The venture will seek to acquire approximately $470 million of new value-add and opportunistic developments in the San Francisco Bay Area. Product types will include office, R&D, residential and mixed-use. TMG will have complete discretion over acquisitions, management and dispositions in the venture.

“In a continuation of our strong performance with our partners -- particularly during the 2006 to 2014 cycle -- we believe it is time for a direct financial relationship wherein we will have an additional vehicle for investment discretion, and we’re grateful for the trust and confidence our new capital partner has placed in the TMG team,” said Michael Covarrubias, chairman and CEO of TMG. “It is the reputation and depth of our team that have fostered long-term relationships, developed creative real estate solutions and anticipated the next opportunities for TMG and the communities in which we develop.”

“Investors today are increasingly looking to joint venture directly with best-in-class local operators, and we believe TMG is the ideal partner for investors in the San Francisco Bay Area,” said Gentry Hoit, a partner at Park Madison Partners. “It’s been a pleasure working with TMG on this capital raise.”

In this joint venture, TMG is more seamlessly able to accelerate focus on the residential and commercial components of its 30-year history – and with one primary partner. TMG will also continue to grow relationships with existing and new partners as larger deals warrant co-investment relationships. The new JV will offer the flexibility to expand over future cycles, allowing for more robust financial dexterity during a downturn in order to take advantage of buying opportunities.

“The off-market and quick-reply opportunities will be specific targets for these funds,” said Matt Field, TMG’s CIO. “We are excited about the opportunities we now have, offering even more creativity in the execution of our business plan.”

About TMG Partners

TMG Partners, founded in 1984 and headquartered in San Francisco, is a full-service real estate development and management company. TMG has developed more than 25 million square feet of property throughout the San Francisco Bay Area, including Emeryville, Marin City, Novato, Palo Alto, San Bruno, San Jose and San Francisco. One of the most active developers in this area, the company has developed a variety of office, retail, residential and industrial properties, ranging from office campus and multi-story properties in urban, infill locations to mixed-use retail and single-story suburban buildings. For detailed information, visit: www.tmgpartners.com