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.
Downtown Fremont
San Francisco Business Times
Downtown Fremont makeover kicks off with new housing and retail near BART

Developers plan to break ground next week on the State Street project, a residential and retail development that will kick off a major revamp of downtown Fremont.

Plans have been in the works for about seven years to transform 110 acres in the city’s downtown into an urban village with new housing, retail and office space. In 2012, the council adopted a Downtown Community Plan that allows up to 5.2 million square feet of development, including up to 2,500 housing units and up to 2.5 million square feet of office space and 500,000 square feet of retail.

The $100 million State Street project will include 157 units of housing and 21,000 square feet of retail developed TMG Partners, Sares Regis and Summerhill Homes.

“It’s rewarding to do all that planning and then you get to build something — it’s great,” said David Cropper, director of development for TMG Partners. The firm served as the master developer for the city’s Downtown Community Plan, which laid out development guidelines for the 110 acres and was adopted in 2012 after several years of planning.

The downtown plan includes adding more pedestrian and bicycle connections to the Fremont BART station and a new City Hall and plaza space for public gatherings. It also dovetails with the city's rezoning and improvements in the Warm Spring district, where the soon-to-open BART station has attracted plans for thousands of housing units from developers such as Lennar, Toll Brothers and Valley Oak Partners.

“Our vision is to evolve from an auto-oriented suburb into a strategically-planned modern city,” said Clifford Nguyen, urban initiatives manager for the City of Fremont. “We really want a central heart so that when you come to Fremont you can identify that as Fremont’s downtown.”

Construction on State Street will take up to two years. The project, designed by architecture firm KTGY and built by SummerHill, includes ground-floor retail space topped with two types of for-sale housing: 81 flats and 76 townhomes.

Nguyen said downtown Fremont has very little housing and most of what is there is apartments such as Summerhill Homes’ 300-unit Paragon project that was built in 2013.

“There is no for-sale offering of this type of product in our downtown,” Nguyen said.

The desire for a more distinctive downtown started when Fremont was incorporated in the 1950s from a combination of five townships.

That vision also aligns with the current trend of more people wanting to live in walkable neighborhoods close to transit, Cropper said.

“This is more dense than most of the housing stock in Fremont, but it’s not too dense to not attract capital and for residents to want to live there,” he said. “We know that more and more people want to live in urban settings.”

After the State Street project moves forward, Nguyen said he expects developers to propose other projects in the 110-acre downtown zone.

“It’s going to be a remarkable transformation,” he said. “Within 10 years, we’re going to see a lot of changes to downtown.”