Kaplan Properties

What Kaplan Properties does

Kaplan Properties Inc. is a private, family-owned industrial real estate holding company headquartered at 1100 E Baltimore Pike, Kennett Square, Pennsylvania. Founded by Harry Kaplan in the early 1900s as a Philadelphia scrap metal business, the company evolved over four to five generations (Harry, Ray, Robert, John, Karen, and Jake Kaplan) from scrap metal into factory purchases, then into industrial warehouse leasing and sales. Today it owns and manages a portfolio of Class C and D warehouse and industrial properties ranging from 3,500 to 95,000 square feet across Pennsylvania (Philadelphia, Bucks County, Delaware County, Concordville, Bryn Mawr), New Jersey (Camden, Pennsauken, Gibbsboro), and a conservation parcel in German, New York. The primary tenant base is cost-conscious small businesses, including minority business owners and first-generation immigrants, served at below-market rents, while the named enterprise tenants span healthcare (Children's Hospital of Philadelphia, DaVita, Greenbrook TMS, Kolmac), retail distribution (Rite Aid, Piggly Wiggly), and industrial distribution (Fleet Pride, FMC, ALCO).

The company's core product is industrial warehouse rental, with supplementary offerings in medical/wellness commercial space, conservation land, and sustainability-focused building upgrades including rooftop-mounted solar arrays, electric vehicle charging infrastructure, and a corporate EV fleet. The technology differentiator is operational rather than software-based: a building repurposing strategy that keeps 1950s-era structures in service with minimal modification, plus recent clean-energy installations producing all electricity for certain tenants. The platform integrates an in-house Acquisitions and Transactions Team with a Building Management Team, but no proprietary software platform, API, AI/ML capability, or digital product surface is disclosed.

Revenue derives from two streams: recurring monthly rental income on leased industrial and commercial properties (quote-based pricing, with disclosed examples ranging from $1,750 per month for a 3,500 sq ft Class C unit to $12,000 per month for a 26,500 sq ft Class B warehouse), and one-time proceeds from periodic property sales and tax-deferred exchanges. Go-to-market is sales-led and direct, relying on the company website (kaplanprop.com), a tenant newsletter, and direct phone and contact-form engagement; no third-party broker channel, marketplace listing, or institutional leasing partnerships are evidenced. The company employs 11-50 people, performs due diligence on more than $50 million in US real estate assets annually, and operates with a conservative "cash-is-king" capital approach that includes strategic tax planning support from advisors who have testified before Congress.

Name

Kaplan Properties

Legal name

Kaplan Properties Inc.

Website

https://kaplanprop.com

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

11–50 employees

Short description

Kaplan Properties Inc. is a family-owned industrial real estate holding company operating since the early 1900s, leasing Class C and D warehouse and commercial spaces to small businesses at below-market rents across Pennsylvania, New Jersey, and New York.

Ownership category

akta.pro rank

Product category

Industrial Real Estate Leasing

NAICS

Lessors of Real Estate (5311), Real Estate Property Managers (53131), Rental and Leasing Services (532)

SIC

Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Manufacturing & Heavy Industrial Facilities Brokerage (BPAJACAB)

akta.pro secondary industries

Flex / R&D Industrial Space Brokerage (BPAJACAC), Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Industrial warehouse leasing
• Commercial real estate holdings
• Small business warehousing
• Property management services
• Below-market rentals

Headquarters

HQ city

Kennett Square

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Operations, Supply Chain

Revenue model

1. Warehouse/Industrial Property Leasing: Rental income from leasing Class C and D warehouse spaces (10,000 SF to 80,000 SF) to small businesses, national distributors, and regional companies. Properties include warehouses, industrial facilities, and commercial spaces. Offering below-market rents to cost-conscious small business tenants.
2. Property Sales: Direct property sales as part of portfolio management. Properties marketed nationally. Includes exchanges of properties for assets nationwide.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Kaplan Properties is a real estate holding company that owns and leases Class C and D industrial warehouse spaces (ranging from 10,000 to 80,000 square feet) to small businesses, national distributors, and regional companies at below-market rents. The company focuses on the Philadelphia, Pennsylvania market with a portfolio of functional, no-frills warehouse and commercial properties near major thoroughfares such as the I-95 corridor.

Product overview

Kaplan Properties operates as a real estate holding company offering a portfolio of industrial warehouse and commercial properties for small business tenants. The core product is Industrial Warehouse Rental, providing Class C/D warehouse spaces (10,000-80,000 SF) across the Philadelphia region in locations including Bensalem PA, Pennsauken NJ, Bryn Mawr PA, Gibbsboro NJ, and Concordville PA. Supplementary offerings include Conservation Properties (forest land for carbon sequestration), Medical/Wellness Property Rental, and sustainability-focused add-on modules including Solar Panel Installation Services and EV Charging Infrastructure. The company targets small businesses and offers below-market rents with flexible leasing arrangements.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Warehouse Rental Class C or D warehouse spaces ranging from 10,000 SF to 80,000 SF, providing functional industrial warehousing for small businesses, national distributors, and regional companies at below-market rents across properties in Bensalem PA, Pennsauken NJ, Bryn Mawr PA, Gibbsboro NJ, and Concordville PA.
• Conservation Properties Land holdings maintained for conservation purposes, including forest acreage used for carbon sequestration, environmental sustainability, and renewable natural resource stewardship.
• Medical and Wellness Property Rental Commercial rental spaces suitable for medical and wellness tenants, including facilities with features such as new roofs and solar power installations, leased to healthcare operators such as Greenbrook TMS, DaVita, and Kolmac.

Quantifiable outcome

• Properties held since the 1950s continue to perform
• +2 more outcomes

Named customers9 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

Feature3 records

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Prologis: The largest global industrial REIT, focused primarily on Class A mega-box logistics facilities. Operates in the same broad industrial real estate category as Kaplan but at vastly larger scale and with a Class A focus, making it an incumbent peer rather than a direct competitor.
• Duke Realty (now part of Prologis): Was a major publicly traded industrial REIT with a portfolio of bulk distribution and industrial properties before being acquired by Prologis. Operates in the same industrial real estate space as Kaplan at significantly larger scale and institutional capitalization.

Direct peers

• LXP Industrial Trust: Industrial REIT focused on single-tenant warehouse/light industrial and office/industrial hybrid properties, often leased to mid-sized operating companies. Comparable to Kaplan's strategy of owning single-tenant industrial product in supply-constrained submarkets.
• First Industrial Realty Trust: Diversified industrial REIT owning and operating light industrial and bulk distribution properties across major US markets. Comparable in its focus on owning and leasing industrial real estate to operating businesses, though at significantly larger scale.
• Monmouth Real Estate Investment Corp (Industrial Logistics Properties): Industrial REIT focused on single-tenant, net-leased industrial properties leased to investment-grade tenants. Comparable in leasing industrial space to creditworthy operating tenants and focusing on smaller, regionally located warehouses.
• EastGroup Properties: Publicly traded industrial REIT specializing in small-bay distribution and light industrial properties (typically 20,000–100,000 SF). Shares Kaplan's focus on smaller industrial unit sizes and a multi-tenant leasing approach for operating businesses.
• STAG Industrial: Publicly traded industrial REIT focused on smaller-bay, single-tenant and multi-tenant industrial properties (often 50,000–300,000 SF) acquired from smaller operators. Most directly comparable peer in scale and strategy: buys and leases functionally oriented, often older industrial product to operating businesses at competitive rents.
• Plymouth Industrial REIT: Publicly traded industrial REIT focused on Class B industrial properties in secondary and tertiary markets. Comparable to Kaplan's strategy of owning functionally oriented, often older industrial space leased to a diversified tenant base of small and mid-sized businesses.
• Terreno Realty: Publicly traded industrial REIT that acquires, owns, and operates infill industrial properties in major US markets. Comparable in its direct ownership and operation of smaller industrial assets leased to distribution, light manufacturing, and similar tenants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/kaplan-properties-inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Kaplan Properties