Pine Tree
- Company typePrivate
- Founded1995
- HeadquartersNorthbrook, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
Pine Tree firmographics
Firmographics- Name
- Pine Tree
- Legal name
- Pine Tree Commercial Realty, LLC
- Website
- https://pinetree.com
- Company type
- Private
- Founded year
- 1995
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Where Pine Tree is headquartered
LocationHeadquarters
- HQ city
- Northbrook
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Pine Tree business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Real Estate Investment and Asset Management: Pine Tree generates revenue through owning, operating, and managing open-air retail shopping centers for its own account and on behalf of institutional investors, pension funds, and private equity partners. Revenue derives from rental income, asset appreciation, and management fees.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Pine Tree product offering
Product offeringCore offering
Pine Tree is a vertically integrated retail real estate owner, operator, and service provider that acquires, develops, manages, and leases open-air shopping centers across the United States. The company offers a full suite of services including acquisitions and dispositions, property management, asset management, leasing, construction management, legal, accounting and financial reporting, and marketing to institutional investors, pension funds, and private owners. Pine Tree manages $3 billion in assets under management across 81 shopping centers totaling 18 million square feet nationwide.
Product overview
Pine Tree is a retail real estate investment and property management company offering a vertically integrated platform of services for open-air shopping centers across the United States. The company provides Investor/Advisory Services (acquisitions, dispositions, due diligence), Property Services (property management, asset management, construction management, legal, leasing, accounting & financial reporting, marketing), and specialized programs including Premier Third Party Services for third-party asset management and ESG services. These services are delivered through a single unified platform rather than discrete product modules, combining decades of experience in acquisitions, leasing, property management, development, design & construction, accounting, compliance and marketing.
Differentiator
Problem solved
Functional benefit
Products and services
- Investor/Advisory Services
- Property Management
- Asset Management
- Construction Management
- Legal Services
- Leasing Services
- Accounting & Financial Reporting
- Marketing Services
- Premier Third Party Services
- ESG Services
Quantifiable outcome
- Energy savings of nearly 50% with LED lighting retrofits since 2016
- +4 more outcomes
Companies that use Pine Tree
Customer profileNamed customers19 records
Segments3 records
Ideal customer profiles3 records
Pine Tree technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Pine Tree partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core, major and minor.
- Oxford Properties GroupcoreJoint venture with Oxford Properties Group (owned by OMERS) for acquisition of two high-quality retail assets in Austin, TX (Wolf Ranch Town Center and Lakeline Plaza) spanning one million square feet. This marks Oxford's entrance into US open-air retail sector. Pine Tree operates the shopping centers on behalf of the joint venture.
- Draper & KramermajorLoan arranger for $247 million financing package with New York Life Real Estate Investors.
- Newcastle PropertiesmajorAwarded management of 16 Chicago-area retail assets comprising one million square feet, owned by Newcastle Properties.
- Bucksbaum PropertiesmajorAwarded management of River District, a mixed-use shopping center in downtown Naperville, IL acquired by Bucksbaum Properties.
- Blue Coast CapitalcoreJoint venture with London-based Blue Coast Capital acquired Azalea Square in Charleston, SC for $59.7 million. This was the first asset in the partnership.
- Invesco Real EstatecoreInvesco awarded Pine Tree management of two Washington DC-area retail assets (Cityline at Tenley and Burke Town Center). Also awarded Palm Beach Promenade and Georgia Crossing management in 2025.
- Wafra Inc.corePartnership with New York-based alternative investment firm acquired Harvest Junction community center in Boulder MSA for $73.8 million.
- DRA AdvisorscoreFund managed by DRA Advisors in partnership with Pine Tree acquired Shops at CenterPoint in Grand Rapids, MI for $63.5 million. Previously operated enclosed mall converted to open-air center.
- The Harold E. Eisenberg FoundationminorLong-standing partnership supporting professional development and advancement in the real estate industry.
- Youth GuidanceminorPartnership supporting youth programs and community development.
- EmbarcminorChicago-based partnership supporting youth career development in real estate.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
Pine Tree competitors and assessment
Company assessmentDirect peers
- Brixmor Property Group: Publicly traded retail REIT (NYSE: BRX) operating one of the largest portfolios of open-air shopping centers in the U.S. — the same asset class, tenant type and submarket profile that anchors Pine Tree's portfolio, and historically a counterparty in Pine Tree transactions.
- Regency Centers: National grocery-anchored open-air shopping center REIT (NASDAQ: REG) with a portfolio that directly parallels Pine Tree's necessity-anchored retail strategy and tenant roster across coastal and Sun Belt markets.
- Phillips Edison & Company: Open-air shopping center REIT (NASDAQ: PECO) focused on grocery-anchored necessity retail — a near-mirror of Pine Tree's investment thesis, tenant-mix philosophy and risk-spectrum positioning.
- Kite Realty Group: Open-air shopping center REIT (NYSE: KRG) operating in major Sun Belt markets — direct overlap with Pine Tree's Southeast and Texas expansion strategy and a similar grocery-anchored day-to-day retail focus.
- SITE Centers: Open-air shopping center REIT (NYSE: SITC) — direct asset-class comparable; Pine Tree's President of Capital Markets previously held senior finance roles at predecessor DDR Corp.
- Macerich: Major U.S. shopping center REIT (NYSE: MAC) competing for the same institutional-quality retail real estate assets, with a heavier tilt toward super-regional centers but significant overlap in tenant relationships.
- Madison Marquette: Private commercial real estate investment, management and development firm focused on retail and mixed-use properties — closest private-sector analog to Pine Tree's vertically integrated owner-operator and third-party-services model.
Broad incumbents
- Kimco Realty: Largest U.S. open-air shopping center REIT (NYSE: KIM) — broader-scope incumbent competing for the same institutional-quality retail assets Pine Tree targets, with superior cost of capital and a post-Weingarten/post-RPT platform footprint.
- Federal Realty Investment Trust: High-end open-air and mixed-use retail REIT (NYSE: FRT) operating in many of the same primary MSAs as Pine Tree, though with a more premium/lifestyle tilt and a longer operating history.
Emerging players
- InvenTrust Properties: Open-air retail REIT (NASDAQ: IVT) focused on daily-needs grocery-anchored centers — closely comparable strategy to Pine Tree at smaller scale and recent market-cap float.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Pine Tree social profiles
Digital presencePine Tree financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pine Tree leadership team
Management profileNumber of profiles
Profiles25 records
Pine Tree funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pine Tree M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pine Tree
What does Pine Tree do?
Pine Tree is a vertically integrated retail real estate owner, operator, and service provider that acquires, develops, manages, and leases open-air shopping centers across the United States. The company offers a full suite of services including acquisitions and dispositions, property management, asset management, leasing, construction management, legal, accounting and financial reporting, and marketing to institutional investors, pension funds, and private owners. Pine Tree manages $3 billion in assets under management across 81 shopping centers totaling 18 million square feet nationwide.
Is Pine Tree a public or private company?
Pine Tree is a private company. It is classified as management employee owned and is currently operating.
When was Pine Tree founded?
Pine Tree was founded in 1995. It employs 101 to 250 people.
Where is Pine Tree based?
Pine Tree is headquartered in Northbrook, United States, in the North America region.
How does Pine Tree make money?
One revenue line is on record: real Estate Investment and Asset Management.
Who are Pine Tree's main competitors?
Direct peers on record are Brixmor Property Group, Regency Centers, Phillips Edison & Company, Kite Realty Group, SITE Centers, Macerich and Madison Marquette. Broad incumbents are Kimco Realty and Federal Realty Investment Trust. InvenTrust Properties is listed as an emerging player.
Does Pine Tree have an API?
No public API is recorded for Pine Tree.