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.
Aerial image of the bay area.
TMG Partners
TMG Partners Closes $220 Million Separate Account for $625 Million of New Investments
by TMG Partners

Fund to Target Office, R&D, Life Science, Residential, and Mixed-Use

SAN FRANCISCO (Sept. 30, 2021) – TMG Partners, one of the San Francisco Bay Area’s largest mixed-use property developers, announced today the closing of a $220 million separate account to invest in real estate in the Bay Area. The capital was sourced from a single institutional investor and represents TMG’s third venture with this investor. This new capital commitment will support more than $625 million of new investments and will bring the developer’s aggregate investments in its TMG Bay Area Investments program to more than $2 billion.

The venture will seek to acquire approximately $625 million of investments in the San Francisco Bay Area. The capital is flexible and allows TMG to invest in multiple product types including office, R&D, life science, residential, and mixed-use.

“The Bay Area remains one the country’s most competitive real estate investment markets,” said Matt Field, TMG’s President. “This third round of capital will continue to allow us to respond to opportunities with remarkable speed and conviction, and we look forward to finding new opportunities to acquire, improve, and deliver high quality assets in the Bay Area.”

Investments in the most recent separate account included the 300 Lakeside office building which TMG pre-leased to PG&E’s new headquarters and the adjacent development site for 1.3 million square feet of development in downtown Oakland, as well as an office property in Santa Clara. The first separate account invested in three Oakland properties and one San Jose property, two of which were sold following completion of renovations and signing long-term leases with a number of tenants, including Google, Oracle, Arup, Clovis Oncology, and Santa Clara County.

“This separate account follows our two previous successful ventures we formed with this investor six years ago,” said Michael Covarrubias, Chairman and CEO of TMG Partners.  “We’re grateful for the trust and confidence our capital partner continues to place in the TMG team and in our deployment of the account.”

About TMG Partners

TMG Partners, founded in 1984 and headquartered in San Francisco, is a full-service real estate development and management company. One of the most active developers in the Bay Area Region, TMG has a portfolio of more than 30 million square feet across Oakland, San Francisco, San Jose, and other Bay Area cities that includes a variety of office, retail, residential, and industrial properties, ranging from office campus and multi-story properties in urban-infill locations to mixed-use and single-story suburban buildings. For detailed information, visit TMG Partners.