The Baltimore real estate scene just witnessed a significant consolidation. MCB Real Estate announced its acquisition of Pinkard Properties, a Hunt Valley-based firm known for its commercial management services.

Commercial Property Executive reported that the deal brings Pinkard's 2 million square feet of office and retail space under MCB's towering 15 million square foot portfolio. Notably, Katherine Pinkard, co-founder of Pinkard Properties, now assumes the Senior Managing Director of Property Management role at MCB Real Estate. This strategic move comes as MCB bulks up its in-house management capabilities, further catalyzed by the impending retirement of its current property management head, Marty Lastner.

With the Pinkard team onboard, MCB President Gina Baker Chambers expressed in a statement detailed by Baltimore Fishbowl, "The opportunity to join forces with a highly-regarded asset and property management team perfectly aligns with our short- and long-term goals." These moves are viewed by the company as foundational for "sustained growth and delivering greater value to our clients and communities."

Family ties play an interesting role in this blend of businesses. Katherine Pinkard enriches her family's longstanding involvement in Maryland's real estate, and her uncle Peter Pinkard is a managing partner and co-founder at MCB. MCB has acknowledged that Katherine's father, Greg Pinkard, also her business partner in Pinkard Properties, will serve an advisory role to MCB, as per Baltimore Fishbowl.