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.
SF Business Times
TMG looks to brew ambiance in new site
by J.K. Dineen

San Francisco real estate deals are usually celebrated with a fine bottle of Cabernet Sauvignon and a meal at Boulevard or Perbacco.

But when TMG Partners completed the acquisition of 1550 Bryant St. on April 30, the team marked the occasion with a $6.99 12-pack of Hamm's beer from BevMo. And with good reason: They had just bought the old Hamm's brewery.

TMG has expanded its South of Market footprint with the $36 million acquisition ($200 a square foot) of the green Hamm's brewery, a complex that straddles three of San Francisco's tech-friendly, hipster neighborhoods: inner Potrero Hill, West SoMa and the Mission. The purchase comes at a time when TMG and its partners have sold two of its SoMa holdings (155 Fifth St. and 650 Townsend St.) and filled another one (680 Folsom St.).

The company, San Francisco's largest locally based developer of housing and commercial property, has a little bit of space at 208 Utah St., a block from the Hamm's building, but that is likely to be completely leased by summer.

The seller, Amerimar Enterprises, paid $22.9 million in 2007 for the property, which at the time was about 55 percent occupied. Currently the occupancy rate is 85 percent, although TMG is in negotiations on all of that space. About 70 percent of the building "rolls" in the next two years, which could give TMG Partners a chance to capture the rising rents.

Space in the building is leasing in the $40s a square foot range. Amerimar was represented by Dave Terzolo and Josh Peterson of the CAC Group.

The plan for the Hamm's building is similar to what TMG did at 208 Utah St.: Bring back the buildings industrial history by removing sheetrock, drop ceilings and plastered-over columns.

"In a building like this, the elements should speak for themselves," said Adam Chall, a partner with TMG overseeing the Hamm's and 208 Utah projects.

"The building has amazing industrial character underneath the finishes and that is what we intend to bring back," Chall said.

Tenants in the Hamm's building include tech firms like Asana, a web application company, and Rdio, a digital music service. Pasta Pomadora also has its corporate headquarters there.

"The tenants like it here, they love the space, and a lot of them want to stay and expand," Chall said.

TMG executives would love to find and put back in its rooftop prominence the famous 13-foot Hamm's 3-D neon beer chalice that continuously "emptied" and "filled" with light. The sign was built in 1954 and was the largest commercial sign on the West Coast, appearing in movies like "Dirty Harry." It was removed from the building in 1975.