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.
TMG Readies Urban Redo for Fremont
San Francisco Business Times
TMG Readies Urban Redo for Fremont
by Blanca Torres

TMG Partners will kick off efforts to transform downtown Fremont into an energetic, pedestrian-friendly urban district with the groundbreaking next year on a 467-unit apartment project.

The developer has been working with the city since 2008 on a master plan to redevelop downtown's 110 acres. The City Council adopted the master plan in October, opening the door for TMG to develop the first project.

"(TMG's project) will really set the tone for the type of project that we're hoping to see in the downtown," said Jessica von Borck, Fremont's downtown project manager.

TMG's preliminary design consists of two buildings on a 6.7-acre parcel at the corner of Capital Avenue and State Street. The developer is working with Steinberg Architects to design the project with ground-floor commercial space along Capital Avenue. The site was zoned for residential or commercial.

"The housing market is very hot, especially apartments," said David Cropper, a partner with TMG.

TMG will spend the rest of this year negotiating to buy the site from the city along with finalizing entitlements for the project.

The process is on the fast track to get ready for construction by May 2014, von Borck said.

Two blocks away, SummerHill Apartment Communities is building Paragon, a 301-unit community at Walnut Avenue and California Street. That project is also within the downtown plan area, but kicked off before the plan was implemented.

"We felt that the market, even during the downturn, was underserved," said Robert Freed, CEO of SummerHill. "There hadn't been a new Class A apartment building in the area in over 10 years. The market was ready to have a high-quality, high-amenity product."

SummerHill expects the first residents in July. Rents will start at $1,865 for a one-bedroom and $2,400 for two bedrooms. The developer owned the site for several years before starting construction and planned to build a condo project before the recession hit.

"The (downtown) plan confirms what SummerHill is doing," Cropper said. "It's good for the city and it's good for encouraging other investments to know you're not the only guy in the neighborhood."

Both TMG and SummerHill's projects will not only bring more residents, but also bring to the market higher-quality units. TMG's project will likely consist of five stories.

"It's what most properties are heading towards in the Bay Area when you're near transit. You have to build that kind of density to justify land costs," Cropper said.

The downtown plan offers options for higher densities, greater height limits and a streamlined approval process. The plan also includes extending Capital Avenue to connect to Fremont Boulevard and revamping the area with streetscaping, landscaping and wider sidewalks.

Fremont, with close to 220,000 residents, is the Bay Area's fourth-largest city. Because it was formed out of five separate communities - Centerville, Niles, Irvington, Mission San Jose and Warm Springs - in 1956, it lacks a core downtown.

"We are creating a unique urban environment," von Borck said. "This is our strategy to emerge from an auto-centric suburbia."