SKN Properties

What SKN Properties does

SKN Properties is a family-owned commercial real estate development and investment firm headquartered in Fresno, California, founded in 1991 by Scott and Kim Negri. The company acquires, develops, and operates enduring commercial assets across three property types — retail, multifamily, and industrial — with an active management footprint spanning six states (California, Texas, Washington, Arizona, Idaho, and Illinois) and over 100 different national tenant relationships. SKN pursues two distinct investment strategies: an Opportunistic strategy targeting value-add plays in the $1M-$25M range, and a Core strategy focused on income-producing properties in the $3M-$15M range, with a stated preference for the Western United States while considering assets nationally in primary and secondary MSAs.

The firm operates a lean team of approximately six core members covering investment sourcing, finance and operations, marketing, and property management. Notable properties include large single-tenant net-leased assets such as Trulite (Houston, TX; 133,457 sq ft industrial), ABC Supply Co. (Fort Worth, TX; 70,000 sq ft industrial), Lucky Supermarket (Sand City, CA; 64,500 sq ft retail, acquired 2026), and Sakata Seed (Marina, CA; 20,300 sq ft cold storage), alongside multi-tenant retail centers such as Shops @ the Dunes in Marina and Clovis & Inyo in Fresno. Recent portfolio activity has included the 2026 divestitures of Taco Bell Development, Sunrise at Pebble Beach, and Granite Bay Pavilions alongside the Lucky Supermarket acquisition, indicating disciplined capital recycling. The business model generates revenue through three streams: one-time acquisition and development gains, ongoing rental income from leased spaces, and sales of stabilized or repositioned assets.

Name

SKN Properties

Legal name

SKN Properties

Website

https://sknproperties.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

SKN Properties is a family-owned commercial real estate firm founded in 1991 that acquires, develops, and operates retail, multifamily, and industrial properties across six Western US states, serving over 100 national tenants including Portillo's, ABC Supply, and Starbucks.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Investors, Nec (6799)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industry

Real Estate Management for Family Offices (Acquisition, Development, Property Ops) (FSAAADAI)

Keywords

• Commercial real estate development
• Retail property leasing
• Multifamily development
• Industrial property investment
• Value-add acquisitions

Headquarters

HQ city

Monterey

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Commercial Real Estate Acquisitions: SKN Properties generates revenue through strategic acquisition of commercial properties below replacement cost in supply-constrained markets. The company acquires retail, multifamily, and industrial properties, with recent acquisitions including Lucky Supermarket (2026), Trulite (2021), Great Floors (2021), Portillo's (2021), ABC Supply (2020), and Sakata Seed (2018).
2. Property Development: SKN Properties develops new retail, multifamily, and industrial projects from the ground up or through repositioning. Development projects include Shops @ the Dunes (developed 2015-2018), Fisher's Landing Plaza (acquired 2014, redeveloped 2015), and multiple other ground-up developments.
3. Property Leasing: SKN Properties generates ongoing revenue through leasing space to tenants in their retail, multifamily, and industrial properties. Available spaces include drive-thru pads, inline retail spaces, and multi-tenant centers across their portfolio.
4. Property Sales: SKN Properties generates revenue through the sale of developed properties. Past projects sold include Taco Bell Development (developed 2003, sold 2026), Sunrise at Pebble Beach (acquired 2012, sold 2026), Granite Bay Pavilions (acquired 2010, sold 2026), Rohnert Park Redevelopment (redeveloped 1998, sold 2025), and numerous other properties.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

SKN Properties is a family-owned commercial real estate firm that acquires, develops, and operates retail, multifamily, and industrial properties across the Western United States. The company runs two investment strategies—an Opportunistic value-add strategy ($1M–$25M) and a Core income-producing strategy ($3M–$15M)—and leases available spaces directly to national and regional tenants from its owned portfolio.

Product overview

SKN Properties operates as a full-service commercial real estate company offering a unified platform of property development and management services. The company's core offerings span three property types: retail property development and management, industrial property development and management, and multifamily property development and management. Alongside property operations, SKN Properties provides two distinct investment strategies—Opportunistic (value-add and development plays, $1M-$25M) and Core (income-producing properties, $3M-$15M)—as well as property lease services for available spaces. The company has developed and operates a portfolio of existing properties across retail, industrial, and multifamily sectors, with past projects demonstrating experience across diverse markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Property Development & Management Development and long-term management of retail properties including single-tenant and multi-tenant retail spaces, pad developments, and strip centers serving national and regional tenants.
• Industrial Property Development & Management

Named customers16 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Sakata SeedscoreOthers · 1 January 2018Sakata Seed is a 20,300 square-foot industrial cold storage property tenant at 3345 Paul Davis Drive in Marina, California. SKN acquired this property in 2018, attracted to the asset's industrial cold storage profile in a submarket with very limited supply and historically low vacancy.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kite Realty Group: Public open-air shopping center REIT with a focus on mixed-use and necessity retail in growth markets. Comparable to SKN's multi-tenant retail development and value-add repositioning approach.
• Realty Income Corporation: Public net lease REIT (NYSE: O) with a portfolio of single-tenant commercial properties leased to national tenants. Directly comparable to SKN's single-tenant net-lease acquisitions (Wells Fargo, Portillo's, Sakata Seed, ABC Supply, Trulite).
• Terracap Management: Private commercial real estate investment firm focused on necessity-anchored retail and net lease properties in secondary markets. Closely matches SKN's mid-market, below-replacement-cost acquisition thesis and family-office-style operation.
• Broadstone Net Lease: Public diversified net lease REIT with retail, industrial, and restaurant tenants. Comparable to SKN's diversified single-tenant acquisition approach across multiple property types.
• NETSTREIT Corp: Public net lease REIT focused on high-quality retail and industrial single-tenant properties. Similar to SKN's strategy of acquiring necessity-anchored retail pads with long leases to investment-grade tenants.
• Agree Realty Corporation: Public net lease REIT specializing in retail and industrial single-tenant properties leased to national tenants. Closely mirrors SKN's opportunistic $1M-$25M acquisition strategy focused on credit tenants.
• Brixmor Property Group: Public open-air shopping center REIT with a national portfolio of necessity-based grocery-anchored retail. Highly comparable to SKN's multi-tenant retail strategy focused on daily-needs centers and credit tenants in supply-constrained submarkets.
• Phillips Edison & Company: Public REIT focused exclusively on necessity-based neighborhood shopping centers anchored by grocery. Closely matches SKN's strategy of acquiring below-replacement-cost retail in supply-constrained secondary markets with strong national-tenant synergy.

Broad incumbents

• Federal Realty Investment Trust: Large public shopping center REIT with premium open-air mixed-use properties. Comparable to SKN's high-quality retail focus but operates at much greater scale and in primary coastal markets.
• W. P. Carey: Large diversified public net lease REIT with industrial, retail, office, and warehouse tenants. Comparable to SKN's diversified commercial acquisition strategy but at significantly greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/skn-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SKN Properties