MCB Real Estate Acquires Pinkard Properties, Katherine Pinkard to Lead Property Management Division

MCB Real Estate, a privately-held institutional investment management firm with a nationwide portfolio of operating assets totaling approximately 15 million square feet, has acquired Pinkard Properties and its 14-person professional team. Katherine Pinkard, co-founder of the company which provides asset and property management services for approximately two million square feet of commercial office, flex/office, warehouse/industrial, and retail space in the Maryland region, has been named Senior Managing Director, Property Management for MCB Real Estate. MCB’s current Property Management division leader, Marty Lastner, recently announced plans to retire.

The move underscores MCB Real Estate’s commitment to scaling its internal team to enhance operational efficiencies across its assets, implementing best-in-class asset management strategies. 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 remains committed to growth, 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,” stated MCB President Gina Baker Chambers. “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.”

History of Pinkard Properties
The Pinkard name has a long and distinguished history in Baltimore and Maryland’s real estate and philanthropic communities. For over a century, the family—including MCB Co-founder and Managing Partner Peter Pinkard—has played a pivotal role in shaping both the local and national commercial landscape.

The legacy began in 1922 when Peter’s grandfather founded W.C. Pinkard & Co. His son, Walter D. Pinkard, continued the tradition in the 1930s, passing down his entrepreneurial spirit to his sons—Wally, Bob, Greg, and Peter. In the 1970s, Walter D. Pinkard Jr. took the reins, driving the company’s success, while Bob Pinkard went on to lead another prominent commercial real estate firm in Washington, D.C.

Katherine 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. The company focuses on providing asset and property management services to a range of owners and investors, including local and regional development companies, publicly-owned real estate investment trusts, institutional investors, and privately-held groups. The team has effectively managed significant capital planning and upgrades to urban and suburban commercial office, retail and warehouse/industrial properties and portfolios. Pinkard Properties co-founder Greg Pinkard will serve MCB Real Estate in an advisory role.

“When launching Pinkard Properties, we saw the opportunity to fill a niche in the local region,” Katherine Pinkard explained. “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. Property management is about more than buildings – it’s about people, service, and accountability. We successfully thrived in a highly-competitive environment and are now ready to write our next chapter with MCB Real Estate.”

“I absolutely adore my team and respect their passion, talent, and drive,” she added. “To attract and retain talent in this industry, it is critical to provide new challenges and opportunity for growth and advancement. Teaming up with MCB feels like stepping into an all-star lineup, with the chance to collaborate with the industry’s best and brightest, while being engaged with high profile and multifaceted properties located around the country.”