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.
TMG Partners names Patrick McCarthy partner
Multihousing Pro
TMG Partners names Patrick McCarthy partner
by News

TMG Partners (TMG), one of the Bay Area’s largest mixed-use property developers, and its wholly owned subsidiary PKN Manager LLC, today announces Patrick McCarthy has joined the firms as Partner.

“Patrick will be an asset to our continued growth as he participates in construction management and acquisitions, as well as having a strong role in our development team,” said TMG Partners Chairman and CEO Michael Covarrubias. “His past experience dovetails with our strategy.”

As Partner at PKN Manager LLC, Patrick will focus on managing the development of a luxury condominium project at Pier 70 Parcel K North.

Patrick brings 15 years of real estate experience managing the development of complex projects across multiple product types on both the developer and owner’s rep side. As the Vice President for Oyster Development Corp., Patrick was responsible for sourcing and analyzing acquisition opportunities, as well as managing the design, permitting, and construction of Oyster’s mixed-use project portfolio.  He delivered three high-density residential condominium developments in San Francisco: Rockwell, Vida, and Marlow, which totaled 478 units and approximately $500M in value.

Prior to Oyster Development, Patrick was a Project Manager for Cambridge Construction Management where he managed multiple large projects from high school campuses to the $1B development of UCSF Medical Center in Mission Bay.

Patrick is a member of the Urban Land Institute, as well as the US Green Building Council. He is a LEED BD+C Accredited Professional, and holds a BS in Mechanical Engineering and an M.B.A. in Finance, both from Santa Clara University.

TMG Partners has been active for over 35 years with more than 70 development projects in the Bay Area Region, including the one-million-square-foot Platform 16 office project near Diridon Station in Downtown San Jose in a co-development with Boston Properties. Most recently, the firm launched leasing efforts for Telegraph Tower, a fully-entitled, next generation office development at 2200 Telegraph Avenue, which is at the corner of Telegraph and West Grand Avenues in the heart of the Oakland’s Uptown neighborhood. Groundbreaking for the tower is slated for mid-2020.