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.
The Registry
City of Fremont Breaks Ground on State Street Downtown Project

The city of Fremont held on Friday a groundbreaking ceremony celebrating the commencement of a new development that is promising to transform the East Bay city. The State Street project is downtown Fremont’s first mixed-use development. It will have 157 residential units in stacked flats and row homes from one to four bedrooms, as well as 21,000 square feet of ground floor retail and restaurant space along the city’s Capitol Avenue.

“There is no doubt that the city of Fremont continues to evolve into a strategically urban community. More and more big name, big-time tech companies are calling us home, and Fremont will soon add a second stop on the Bay Area’s most used transit system with the opening of the Warm Springs/South Fremont [BART] station,” said Fred Diaz, city of Fremont city manager. “But there has always been one thing missing since Fremont’s incorporation in 1956, and that is a downtown.”

Locale @ State Street, how the city is positioning the development, has been eight years in the making. In 2008, the city had selected San Francisco-based TMG Partners to initially develop the site. With the oncoming recession, the city and TMG took time to rethink the development and saw an opportunity in creating a viable downtown in the heart of Fremont. The Downtown Community Plan was created as a blueprint for future development, and the city council approved it in 2012. Today, the project is a public/private partnership that has expanded to include San Mateo-based Sares Regis and Palo Alto-based Summerhill Homes.

Locale will be located at the corner of State Street and Capitol Avenue, spanning across six acres of land.

“Our community is incredibly excited about how Fremont is coming and developing and how Fremont will have it’s very own downtown,” said Fremont Mayor Bill Harrison. “A downtown typically refers to a city’s core of geographic, commerce or communal sense. We envision a downtown here that will serve as the city’s social heartbeat, where people can gather to live, work, shop and play.”

The development is planned to sit adjacent to Fremont’s future civic center and public plaza, creating what the mayor termed “an entirely new urban experience and a full multi-modal street.”

“Fremont is a fantastic city for housing and homes. It’s really because you have great companies here, employment close by. [It’s] well served by transit and BART, and you have excellent schools. And those are all the things that we look for as SummerHill Homes to build new housing here in the Bay Area,” said Katia Kamanger, executive vice president/managing director of SummerHill.

SummerHill is no stranger to Fremont, and in its 40-year history has built over 1,000 homes in the city, which today represents over one fifth of the company’s development efforts everywhere.

“For many of us in the homebuilding business, the greatest joy comes from the fact once we see the breaking of the ground, see the homes being built and to deliver the keys to new home buyers,” added Kamanger.

Fremont has indeed become attractive to a slew of companies in recent months, and as a result a number of recent transactions have been announced in the city. An innovative French school, 42, paid $26.2 million for two buildings where it will develop a campus. Asus Computer also purchased an asset for $26 million in May, and LBA Realty bought a 177,000 foot asset for $28.5 million, just to name a few recent commercial sales.

On the residential side, KB Home, The New Home Company and Eden Housing all have projects under way or will soon break ground to help ease the city’s growing housing needs.