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

Portfolio.

Oakland

1M sq. ft. Office

300 Lakeside

TMG acquired a full city block in Oakland featuring a 28-story office tower, a low-rise mixed-use building, and a 1,300-stall parking garage topped by a 2.3-acre rooftop garden.

TMG acquired a full City block in Oakland that includes the 28-story 300 Lakeside office tower, a low-rise mixed-use building originally constructed as a department store, and a 1,300-stall parking garage that is topped by a spectacular 2.3 acre rooftop garden, likely the first green roof built in North America.

With many of the tower tenant leases due to expire shortly after TMG’s acquisition, TMG pre-leased the entire 910,000 square foot tower to PG&E for a headquarters relocation from San Francisco- the single largest new office lease executed in the nation during 2020. TMG designed and constructed a comprehensive overhaul of the tower consisting of a voluntary seismic retrofit that included construction in spaces occupied by other tenants, upgrades of other key building systems, and tenant improvements on 21 stories of the tower spread out over 7 phases, each approximately 90,000 square feet. The entire project was fast tracked to meet PG&E’s occupancy targets. At it’s peak, construction involved three shifts working 24 hours a day. Despite COVID-induced supply chain disruptions, the design, permitting and phased construction of all building improvements were completed in just 28 months. TMG also performed a seismic retrofit of the garage as well as installation of car chargers, life safety and security enhancements.

The project financing structure included both a bridge loan and C-PACE bonds. At the time of bond issuance, it was the largest ever C-PACE financing backed by an office building. PG&E elected to acquire the property from TMG Partners and closed on the purchase in 2025.