MCB Real Estate Expands Portfolio Through Acquisition of Pinkard Properties
In an exciting development for the real estate industry, MCB Real Estate has recently acquired Pinkard Properties, a well-established property management firm based in Hunt Valley. This strategic move is part of MCB’s ongoing efforts to bolster its real estate portfolio and enhance its property management division.
The acquisition of Pinkard Properties brings on board a team of 14 professionals who will now be integrated into MCB’s operations. Notably, Katherine Pinkard, the co-founder of Pinkard Properties, has been appointed as the Senior Managing Director of Property Management for MCB. This key leadership role underscores MCB’s commitment to harnessing top talent and expertise in the field.
MCB Real Estate, a privately-held institutional investment management firm, currently oversees a vast real estate portfolio spanning approximately 15 million square feet across the country. Among its notable assets are the iconic Harborplace pavilions located at Pratt and Light streets in Baltimore. With the retirement of Marty Lastner, MCB’s former property management division leader, the acquisition of Pinkard Properties signals a new chapter in the company’s growth trajectory.
This acquisition aligns with MCB Real Estate’s overarching strategy to strengthen its in-house property management capabilities as it continues to expand its holdings. Over the past two years, MCB has made significant acquisitions totaling over $600 million in real estate assets, including properties in California, Illinois, and New Jersey. The company remains proactive in seeking out opportunities to diversify its portfolio with industrial, mixed-use, multi-family, retail, and science and health-focused properties.
Gina Baker Chambers, President of MCB, expressed enthusiasm about the merger, emphasizing the importance of building strong relationships and leveraging expertise for sustained growth. She highlighted the value of integrating Katherine Pinkard and her team into MCB’s network to enhance service delivery and create greater value for clients and communities.
The Legacy of the Pinkard Family in Real Estate
The Pinkard family has a rich history in the real estate industry, spanning over a century in Maryland. Peter Pinkard, Katherine’s uncle and co-founder of MCB Real Estate, established the company in 2007 alongside P. David Bramble. Notably, Katherine Pinkard and her father, Greg Pinkard, founded Pinkard Properties in 2012, carving out a niche in the local market for institutional-quality property management services.
Building on the legacy of her family’s deep-rooted involvement in real estate, Katherine Pinkard brings a wealth of experience and a commitment to personalized, client-focused solutions. With her uncle Peter’s guidance and her father Greg’s advisory role at MCB Real Estate, Katherine is poised to continue the family’s tradition of excellence in the industry.
A New Chapter with MCB Real Estate
Reflecting on the transition to MCB Real Estate, Katherine Pinkard expressed optimism about the future possibilities for her team. She emphasized the importance of providing growth opportunities and new challenges to attract and retain top talent in the industry. Joining forces with MCB presents an exciting opportunity for collaboration with industry leaders and engagement with high-profile properties nationwide.
As Katherine Pinkard embarks on this new chapter with MCB Real Estate, she is eager to leverage the collective expertise and resources of the company to drive innovation and excellence in property management. The prospect of working alongside a dynamic team of professionals and managing diverse real estate assets fuels her enthusiasm for the journey ahead.
In conclusion, the acquisition of Pinkard Properties by MCB Real Estate marks a significant milestone in the evolving landscape of real estate management. With a focus on talent, innovation, and client-centric solutions, MCB is poised to expand its footprint and deliver exceptional value to stakeholders across the industry. As Katherine Pinkard and her team embark on this new venture, they bring a legacy of excellence and a commitment to quality that will shape the future of property management for years to come.
