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 Starts 190 Apartments in Emeryville Public Market Revamp
SF Business Times
TMG Starts 190 Apartments in Emeryville Public Market Revamp
by Blanca Torres

TMG Partners and capital partner Essex Property Trust plan to start construction on a $54 million, 190-unit apartment project in Emeryville that is the first residential component of the firm's major revamp of the Emeryville Public Market.

The project, designed by Steinberg Architects of San Francisco, is at 64th and Christie streets on a site that is part of the existing 14-acre Public Market site that TMG wants to transform into a dense, pedestrian-oriented neighborhood.

"The project is a good example of dense urban infill," said Denise Pinkston, a partner with TMG overseeing the Public Market project. "It's a great time to start an apartment project."

In the last year, TMG has spruced up some of the existing buildings in the Public Market with new facades, decor, landscaping and furnishings and added new retailers including Guitar Center and Urban Outfitters.

TMG's broader vision involves refurbishing and constructing about 1.5 million square feet of office, retail and residential space.

Existing development on the site includes office space and the 200,000-square-foot Public Market, at 5959 Shellmound St., that houses an international food court, a movie theater and other retail space.

The 64th and Christie apartments are the first new construction to move forward and is scheduled for completion in two years. The site has two vacant industrial buildings on it that will be demolished.

Pinkston said the second phase will involve a 200,000-square-foot mixed-use building on a 2.5 acre-site currently used for surface parking.

By the time the project is totally redeveloped during the next 25 years, all the existing parking will disappear.

"We're undoing the damage we did by getting rid of the paved over parking lots," Pinkston said.

The developers secured a $3.1 million grant from the City of Emeryville Successor Agency to build affordable units for very low-income families and a $5 million California Pollution Control Finance Authority Infill Grant to clean up contamination on the site.

The Public Market project received a California Catalyst Communities Pilot Project grant of $1.35 million to pay for electric vehicle charging stations, a solar carport, models of recycling and composting, environmental education and a science display on the project's green features.

"We are pleased to provide a high quality, transit oriented infill rental community in an underserved market meeting the needs of today's urban tenant," said John Eudy, executive vice president of development for Essex Property Trust.