Baltimore-based MCB Real Estate acquires Pinkard Properties

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Baltimore-based MCB Real Estate has acquired Pinkard Properties, adding approximately 2 million square feet of space to its management portfolio.

Pinkard’s 14 professionals will join MCB and co-founder Katherine Pinkard has been named Property Management senior managing director for MCB Real Estate. MCB’s current Property Management division leader Marty Lastner recently announced plans to retire.

Pimkard provides asset and property management services for commercial office, flex/office, warehouse/industrial and retail space in the Maryland region. In the past five months, MCB has acquired assets in California, Illinois, and New Jersey, bringing its total acquisitions over the past two years to more than $600 million. The firm is actively pursuing additional industrial, mixed-use, multifamily, retail, and science and health-focused properties.

“The opportunity to join forces with a highly-regarded asset and property management team perfectly aligns with our short- and long-term goals of accelerating the momentum of our vertically-integrated platform, and further accentuating our capabilities with Pinkard Properties’ high-touch service and proven protocols,” MCB President Gina Baker Chambers said in a news release. “Asset and property management is fundamentally a people-first business built on strong relationships. With Katherine Pinkard and her team, we are gaining a group of seasoned property managers, engineers, maintenance, and operations professionals with deep expertise. By integrating them into our expansive network and leveraging our robust resources, we are strengthening our foundation for sustained growth and delivering greater value to our clients and communities.”

The Pinkard name has a long history in Baltimore and Maryland real estate and philanthropic communities. Pinkard and her father, Greg Pinkard, founded Pinkard Properties in 2012, representing the fourth and third generations of Pinkards respectively to work in the commercial real estate sector in the greater Maryland region.

“When launching Pinkard Properties, we saw the opportunity to fill a niche in the local region,” Pinkard said. “Global firms were on one end of the spectrum and local operators were on the other, without many options in between. Our goal has always been to provide institutional-quality service while maintaining the local and intimate touch needed to nurture relationships and provide highly personalized, nimble solutions.”