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.
San Francisco Business Times
Amy Neches jumps to TMG Partners from San Francisco Redevelopment Agency
by J.K. Dineen

TMG Partners has snagged longtime San Francisco Redevelopment Agency staffer Amy Neches, a 17-year veteran who was a driving force behind the redevelopment of both Mission Bay and the Yerba Buena district.

Neches, who will be a partner at San Francisco-based TMG, was one of several hundred city workers facing an uncertain future last month when the state redevelopment agencies were eliminated and their duties assumed by "successor agencies."

TMG Partners President Michael Covarrubias said he and Neches were both speaking at an Urban Land Institute event right around the time redevelopment was being killed off.

"I said to her 'What are you going to do with your rest of your life?'"

Covarrubias said it didn't take much deliberation to decide that Neches would be a perfect fit at TMG. Neches had worked with TMG on several projects, including the redevelopment of 680 Folsom St., which is part of the Yerba Buena redevelopment area.

"She knows finance better than most. She understands process. She knows people in the city. She knows how to make a deal. She can relate to the people working on the EIR. She can relate to the staff," said Covarrubias. "If she was ready to do it, we were ready to do it."

Neches, a Yale M.B.A. who worked on Wall Street before switching to the public sector, said "sometimes change really does bring opportunity."

"Hopefully I'll be able to bring the skills I've got and the relationships I've got and see the world from a new perspective," she said. "I think (TMG is) one of the true elite firms doing development in San Francisco. It's a small firm doing big projects - it doesn't get better than that."

After 17 years of pushing and prodding developers and architects to do what she thinks they ought to do, she will have a chance to actually do it herself.

"San Francisco is a lucky place to be right now, there is so much opportunity, and I'm excited to have a shot at doing this," said Neches.