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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

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.

November 16, 2009

San Francisco Business Times

TMG Partners/Related Cos. team picked for Moffett Field project

by J.K. Dineen

A joint venture between San Francisco-based TMG Partners and the Related Cos. has been chosen to be master developer on a 77-acre research and education campus at the NASA Research Park in Moffett Field.

The TMG/Related team beat out Lowe Enterprises to win the assignment.

The University Associates-Silicon Valley LLC -- established by the University of California Santa Cruz and the Foothill-De Anza Community College District -- is overseeing the 3 million square foot Silicon Valley redevelopment. The campus will include housing, offices, classrooms and laboratories. The project is being billed as a "test bed for advances in green technologies and provide an environment that nurtures innovation, entrepreneurship, and sustainability."

TMG Partners Chairman Michael Covarrubias said the development will likely consist of 2,000 housing units and 1 million square feet of lab, classroom, and office space. While the current economic conditions and tight credit markets would not allow the project to go forward, Covarrubias said the development would be well-timed for the recovery.

"I think it's going to be a driver and not a lagging indicator," said Covarrubias. "You look at the connection of NASA and Ames and the universities and add the fact that we're talking about the middle of Silicon Valley, this is going to be a collaborative environment unlike anything else on the planet. I think we'll lead the recovery. I think we'll be building before the recovery is in full mode."

The San Francisco office of Skidmore Owings & Merrill is the master architect on the project and Steinberg Architects is also working on it.

TMG and Related will now sit down with University Associates-Silicon Valley LLC to hammer out an exclusive negotiating agreement that will outline the terms of the development relationship through pre-development activities.