What PMB Real Estate Services does

PMB Real Estate Services (PMB RES) is a privately held, healthcare-specialized real estate management and leasing firm headquartered in Solana Beach, California, operating as a subsidiary of PMB LLC. Founded in 2008 and led by President Stephen King, the company exclusively focuses on medical office building (MOB) and healthcare real estate, managing and leasing approximately 4.4 million square feet of medical office space across nine western U.S. states through 11 regional offices. Its customer base comprises hospital and health systems (e.g., CommonSpirit, Providence, Sutter, Tenet, Baylor Scott & White, Dignity Health, Renown, Sharp, UC Davis, Hoag), academic medical centers and universities, and institutional real estate investors.

The company operates a vertically integrated service platform covering property management, leasing and marketing, construction management, accounting and financial planning & analysis, asset management, and ground-up development services, supplemented by the PMB CARES tenant engagement program. The underlying technology stack is anchored by the Yardi property management system for lease administration, financial reporting, and SOX-compliant accounting controls; the company does not disclose proprietary technology platforms or AI/ML capabilities. Marketing is limited to web presence and operational data tools (Google Analytics, MixPanel, Singular), with no public-facing mobile app or API platform.

The business model is fee-based managed services revenue generated through management and leasing agreements with institutional owners and health system clients; specific pricing is not publicly disclosed. GTM is exclusively relationship-driven and sales-led, executed through direct field engagement by leasing teams and leadership with hospital executives and institutional investors, supported by industry reputation and Kingsley Index tenant satisfaction leadership rather than paid marketing or channel partners. Reported portfolio-level metrics include 90% average occupancy, 86%+ renewal rates, greater than 85% tenant retention over ten years, and over $160 million in annual revenues generated by the properties under management (a property-level, not company-level, figure).

Name

PMB Real Estate Services

Legal name

PMB Real Estate Services LLC

Website

https://pmbres.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

PMB Real Estate Services is a privately held healthcare-specialized property management and leasing firm managing 4.4 million square feet of medical office buildings across nine western U.S. states for hospital systems, universities, and institutional investors.

Ownership category

akta.pro rank

Product category

Healthcare Real Estate Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Healthcare & Senior Housing Real Estate Asset Management (BPAJAMAH)

Keywords

• Medical office buildings
• Healthcare property management
• Commercial real estate leasing
• Healthcare real estate services
• Institutional property management

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Property Management & Leasing Services: PMB RES generates revenue through fees charged for management and leasing of healthcare-focused real estate. The company manages and leases 4.4 million square feet of medical office building space across nine western U.S. states. Properties under management generate annual revenues exceeding $160 million. Revenue is derived from institutional owners, hospital systems, and university partners who engage PMB RES for full-spectrum real estate services including property management, leasing, construction management, accounting, and FP&A.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

PMB Real Estate Services is a healthcare-focused real estate management firm that provides property management, leasing, construction management, accounting and financial planning, asset management, and development services exclusively for medical office buildings (MOBs). The company manages and leases approximately 4.4 million square feet of healthcare real estate across nine western U.S. states on behalf of hospital systems, universities, and institutional investors.

Product overview

PMB Real Estate Services is a vertically integrated healthcare real estate management company offering a unified platform of property management, leasing, accounting and financial planning, construction management, asset management, and development services. The core offering centers on Property Management & Operations Services paired with specialized Leasing & Marketing Services for medical office buildings, supplemented by Accounting & Financial Planning, Construction Management, and the PMB CARES team tenant engagement program. The company manages 4.4 million square feet of medical office building space across 11 offices in the western United States.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management & Operations Services Comprehensive property management for healthcare real estate, including business plan and budget development, oversight of property performance, vendor contracting and management, engineering services, regulatory compliance, regular inspections, preventative maintenance plans, and tenant insurance administration.
• Leasing & Marketing Services Leasing and marketing support including marketing strategy development, annual marketing plans, complete lease administration, third-party broker management, market studies, and quarterly pricing and market updates for medical office buildings.
• Accounting & Financial Planning Services Full-service accounting and FP&A handled at corporate headquarters, including monthly financial close and reconciliation, multi-level review, monthly financial report delivery per management agreement deadlines, cash distribution calculations, budgeting, forecasting, and SOX-compliant financial controls.
• Construction Management Services Full-scope construction management from project management on new facility development to tenant improvements, including permit process review, construction plan management, vendor bidding (minimum three vendors per trade), construction and project tracking, payment management, and owner representation.
• Asset Management Strategic asset management services for healthcare systems and hospitals, including capital unlocking strategies, executive advisory, and initiatives to help organizations realize their financial potential from medical office real estate holdings.
• Development Services Healthcare real estate development services including ground-up development of acute care hospitals and medical office buildings, entitlement, and development services.
• PMB CARES Tenant Engagement Program Centralized tenant engagement program operating from corporate headquarters that provides event ideas, booking assistance, marketing support, and in-person participation for tenant appreciation activities including Doctor's Day, Nurse's Week, and summer ice cream-themed gatherings.

Quantifiable outcome

• 90% average occupancy rate on fully completed buildings
• +5 more outcomes

Named customers16 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Twelve partnerships are on record, tiered major and core.

• CommonSpirit HealthmajorStrategic or Co-development PartnerCommonSpirit Health is one of the largest healthcare systems in the U.S. PMB RES has established a partnership to manage and lease CommonSpirit Health-affiliated medical office buildings as part of its portfolio of hospital system clients.
• Providence St. Joseph HealthmajorStrategic or Co-development PartnerProvidence is a major healthcare system operating across the western United States. PMB RES manages Providence-affiliated medical facilities including Providence Medical Plazas in Burbank, CA and St. Francis Medical Center in Lynwood, CA.
• Sutter HealthmajorStrategic or Co-development PartnerSutter Health is a major not-for-profit health system in Northern California. PMB RES manages Sutter-affiliated facilities including the Sutter Castro Valley Clinic in Castro Valley, CA and 1100 Van Ness in San Francisco.
• Tenet HealthmajorStrategic or Co-development PartnerTenet Health is a diversified healthcare services company operating hospitals and related healthcare facilities. PMB RES manages Tenet-affiliated medical office buildings as part of its western U.S. portfolio.
• Baylor Scott & White HealthmajorStrategic or Co-development PartnerBaylor Scott & White is the largest not-for-profit health system in Texas. PMB RES developed and manages the Baylor Scott & White Medical Center and Medical Office Building in Lakeway, TX (328,000 SF, ground-up development).
• Hoag HealthcoreStrategic or Co-development PartnerHoag is a premier health system in Orange County, California. PMB RES partners with Hoag for management and leasing of Hoag-affiliated medical office facilities.
• Huntington HospitalcoreStrategic or Co-development PartnerHuntington Hospital is a major acute care facility in Pasadena, CA. PMB RES manages the Huntington Pavilion, a 190,000 SF medical office building adjacent to the hospital.
• Dignity Health East ValleymajorStrategic or Co-development PartnerDignity Health East Valley is part of the CommonSpirit Health network. PMB RES has completed multiple projects with Dignity Health including Mercy Gilbert Medical Plaza I (60,000 SF), Mercy Gilbert Medical Plaza II (80,500 SF), and Mercy Gilbert III (45,000 SF, $32M) in Gilbert, AZ.
• Renown Health SystemmajorStrategic or Co-development PartnerRenown Health System is a major healthcare provider in Nevada. PMB RES has partnered with Renown on multiple projects including Medical Pavilion B (The Terrace at South Meadows) in Reno, NV (52,000 SF), representing the second PMB/Renown partnership.
• Sharp HealthCare / Grossmont Healthcare DistrictmajorStrategic or Co-development PartnerA tri-party partnership between Sharp Healthcare, the Grossmont Healthcare District, and PMB RES to develop and manage Grossmont Medical Terrace in La Mesa, CA (65,000 SF). The partnership was structured to expand services and solve a complex operational and parking challenge.
• St. Francis Medical Center (part of Promise Healthcare/Distributed Systems)coreStrategic or Co-development PartnerPMB RES manages the NHP-PMB Kenneth E Watts Medical Plaza LLC on the St. Francis Medical Center Hospital Campus in Torrance, CA (54,000 SF), serving the hospital's surrounding medical community.
• Providence Little Company of Mary Medical Center TorrancecoreStrategic or Co-development PartnerLocated adjacent to the Providence Little Company of Mary Medical Center in Torrance, PMB RES manages St. Francis Medical Center (61,000 SF) as part of the Providence-affiliated campus network.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• CBRE Healthcare: Largest global CRE services firm with a healthcare real estate practice spanning property management, brokerage, and project management for hospitals and MOBs. Competes for large institutional healthcare mandates.
• Healthcare Realty Trust: Public REIT (NYSE: HR) that owns and operates a large medical office building portfolio. Owns properties similar to those PMB RES manages, making it both a potential client and a competitor for third-party management mandates.
• Healthpeak Properties: Public REIT (NYSE: DOC) with a significant medical office and life science portfolio. Competes for institutional healthcare real estate mandates and may engage or compete with PMB RES-style third-party operators in select markets.
• JLL Healthcare: Global commercial real estate services firm with a dedicated healthcare practice covering property management, leasing, and capital markets for medical office buildings and hospitals. Larger, broader portfolio but directly competes for healthcare mandates.
• Newmark Healthcare: National CRE services firm with a healthcare and medical office practice providing property management, leasing, and capital markets services. Has been actively hiring healthcare real estate talent in PMB RES's footprint.
• Colliers Healthcare Services: Global CRE services firm with a dedicated healthcare practice offering property management, project management, and brokerage for medical office and hospital assets. Competes for healthcare mandates against regional specialists like PMB RES.
• Cushman & Wakefield Healthcare: Global CRE services firm with a healthcare practice covering medical office, hospital, and life science real estate. Competes with PMB RES for institutional healthcare property management and leasing mandates.

Direct peers

• Hammes Partners: Healthcare-focused real estate consulting, development, and asset management firm serving hospitals and health systems. Directly comparable strategic advisory and operational services for healthcare real estate owners.
• Anchor Health Properties: Specialized healthcare real estate management, leasing, and development firm serving hospital systems and medical groups. Directly comparable to PMB RES in focus on medical office buildings, vertically integrated service model, and hospital-system client base.
• NexCore Group: National healthcare real estate developer and operator offering property management, leasing, and development services for medical office buildings, ambulatory care, and specialty hospitals. Comparable vertically integrated platform serving similar hospital and health system clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/1952968

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 PMB Real Estate Services