TMG Partners closes $220m separate account for $625m of new investments

TMG Partners has closed a $220 million separate account to invest in real estate in the San Francisco 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 capital is flexible and allows TMG to invest in multiple product types, including office, R&D, life sciences, 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 mo