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.
Headshot of Matt Field.
citybiz
TMG Partners Appoints Matt Field As Co-Chief Executive Officer

TMG Partners, one of the San Francisco Bay Area’s largest multi-strategy property investors and developers, announced today the promotion of current President Matt Field to the position of Co-Chief Executive Officer, effective immediately. This strategic decision reflects the company’s continued commitment to its future growth as a best-in-class real estate operator positioned to capitalize on today’s challenging market conditions. TMG Partners is recognized for its ability to source unique investment opportunities, create innovative projects, and to deliver industry-leading risk-adjusted returns for its capital partners.

“Matt hit the ground running at TMG as an aggressive dealmaker with the intellect for grasping the balance of development cycles, work and lifestyle trends, and financial opportunity,” said TMG Chairman and now Co-CEO Michael Covarrubias. “As a native San Franciscan who has traveled most every inch of Northern California, he understands the nuances and challenges, as well as hurdles and opportunities of both local cities and the broader commercial real estate industry.”

With more than 37 years of commercial real estate experience, including development, finance, leasing, and project management, Matt joined TMG Partners in 1993 as a project manager where he immediately began managing complex entitlement and development projects. Over his thirty years with TMG, Matt became a Partner, then was promoted to Managing Director and Chief Investment Officer. Named President in 2019, he has had principal responsibility for the real estate portfolio, including managing the company’s investment activities as chair of the Investment Committee. Since 2003, he has been a lead partner in over $5 billion of transactions.

“It’s been an honor to work with the talented and seasoned team at TMG for the past three decades, and I’m looking forward to co-managing the business with Mike and continuing the growth of the company,” said TMG Partners’ Matt Field, Co-CEO. “The TMG Partners brand reflects the depth and quality of the relationships we have built with capital partners, city governments, members of the communities in which we work, and within our own team. Our success is attributable to these relationships and the integrity, expertise, and acumen of our team. I look forward to expanding upon Mike’s decades of leadership and commitment to philanthropic support of local organizations and thank him for his trust in me to co-lead the next evolution of our business.”

Prior to TMG, Matt worked at Catellus Development Corporation in corporate financial analysis and major asset acquisitions and dispositions. His prior experience also includes work at Sedway Associates and Halcyon Real Estate Advisors. Matt is actively involved in numerous community organizations, including the Yerba Buena Community Benefit District; buildOn; Do It for the Love Foundation; Empower Me Academy; Town School; NAIOP San Francisco Chapter; the Urban Land Institute; and as a technical advisor to civic and non-profits.

He has a Bachelor’s degree with a major in Political Science from the University of Colorado, Boulder.