Mkd Inc
MKD Partners is a private family office real estate investment firm that acquires and operates industrial, self-storage, retail, and select office properties across Northern and Southern California, co-investing 25–50% of equity with HNW individuals and institutional investors.
- Company typePrivate
- Founded2005
- HeadquartersRichmond, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Mkd Inc does
MKD Partners is a privately held family office real estate investment firm headquartered in Richmond, California, founded in 2005 by Patrick and Darla Flanagan. The firm acquires, operates, and disposes of commercial real estate assets — primarily industrial, self-storage, retail, and select office properties — concentrated in Northern California drive-to markets, with a smaller Southern California footprint (notably a West Covina retail asset). It operates through two named investment vehicles, MKD Investments (founded 2005) and PB&J Partners (formed in 2012 with Bill Sumski), and currently controls 21 commercial properties totaling over one million square feet. MKD does not manage a fund; instead, it co-invests 25% to 50% of equity per transaction alongside qualified high-net-worth individuals, sub-institutional, and institutional investors, which aligns principal and partner interests and allows selective deployment independent of fund timelines.
The firm generates returns through rental income, cash flow optimization, leasing-driven value creation (e.g., Petaluma Valley Portfolio occupancy raised from 65% to 92%), property appreciation, and capital gains upon disposition, including 1031 exchange transactions for tax deferral. Documented deal outcomes include a 35% annual cash-on-cash return on the 2021 West Covina acquisition, a 75% price-per-square-foot gain on the Novato industrial exit, and stabilized 97%+ occupancy at Northpoint Commerce. MKD does not maintain a proprietary technology platform; deal sourcing, underwriting, and asset management are executed by the five-partner team using direct relationships across Northern California's brokerage and ownership communities, with no public marketing or third-party distribution intermediaries.
In 2021, the firm added Mark Carrington (formerly a Managing Director at Newmark's Marin County office) to lead leasing, property management, and construction, and in January 2024 added Clay Flanagan (formerly President/Portfolio Manager of PNC Realty Investors' $6B+ Taft Hartley Core Fund) to scale institutional capital relationships and major acquisitions. Go-to-market is sales-led and relationship-driven: investment opportunities are sourced through the founders' decades of brokerage and ownership contacts and extended directly to a curated investor base, with no fund marketing, public distribution, or intermediary channels. Customer concentration on the capital side is moderate and episodic, while tenant concentration across 21 properties is low.
Mkd Inc firmographics
Firmographics- Name
- Mkd Inc
- Legal name
- MKD Partners
- Website
- https://mkdinv.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- MKD Partners is a private family office real estate investment firm that acquires and operates industrial, self-storage, retail, and select office properties across Northern and Southern California, co-investing 25–50% of equity with HNW individuals and institutional investors.
- Ownership category
- akta.pro rank
Mkd Inc industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Real Estate and Rental and Leasing (53), Lessors of Other Real Estate Property (53119), Lessors of Miniwarehouses and Self-Storage Units (53113)
- SIC
- Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519)
- akta.pro primary industry
- Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF)
- akta.pro secondary industry
- Estate Planning, Trust Structuring & Governance (FSAAADAF)
Keywords
Where Mkd Inc is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Mkd Inc business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Others, Marketing or Sales
Revenue model
- Real Estate Investment Returns: MKD generates returns through acquisition, development, leasing, and disposition of commercial real estate properties (industrial, self storage, retail, and select office) in Northern California. Revenue is derived from rental income, cash flow optimization, property appreciation, and capital gains upon sale. The firm also generates returns through 1031 exchange transactions for tax deferral benefits.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Mkd Inc product offering
Product offeringCore offering
MKD Partners is a private, family office real estate investment firm that acquires, develops, leases, manages, and disposes of commercial properties—primarily industrial, self-storage, retail, and select office—across Northern and Southern California. The firm operates two investment vehicles (MKD Investments and PB&J Partners) and co-invests 25% to 50% of equity in each transaction alongside qualified High Net Worth Individuals, Sub-Institutional, and Institutional Investors, rather than running a pooled fund. Returns are generated through rental income, cash flow optimization, property appreciation, capital gains on disposition, and 1031 exchange transactions.
Product overview
MKD Partners is a commercial real estate investment firm that operates as a unified family office investment platform, not a technology product company. The firm manages investment through two named investment vehicles — MKD Investments (founded 2005) and PB&J Partners (founded 2012) — which together acquire, operate, and dispose of commercial real estate assets. The firm's portfolio spans industrial, self storage, retail, and select office properties across Northern California and Southern California markets. The company is not a software product firm; its offerings are real estate investment services rather than technology products.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Real Estate Co-Investment Program Invitation-based co-investment program in commercial real estate acquisitions, developments, and dispositions across Northern and Southern California, offered to qualified High Net Worth Individuals, Sub-Institutional, and Institutional Investors. MKD contributes 25% to 50% of equity per transaction alongside outside capital partners, generating returns through rental income, cash flow optimization, property appreciation, capital gains, and 1031 exchange transactions.
- Property Management, Leasing, and Construction Services
Quantifiable outcome
- 35% annual cash on cash return on West Covina retail investment
- +3 more outcomes
Companies that use Mkd Inc
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles2 records
Mkd Inc technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Mkd Inc partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- PB&J PartnerscoreFormed in 2012 with Bill Sumski to capitalize on post-recession real estate recovery. Leveraged MKD's balance sheet with outside investment from institutions and high-net-worth investors to acquire quality assets at market bottom.
- MKD Investments (internal platform)coreFounded by Pat and Darla Flanagan in 2005 as the family office real estate investment platform, growing to 19 commercial properties in the Greater Bay Area and 2 in Southern California.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Mkd Inc competitors and assessment
Company assessmentDirect peers
- Sares Regis Group: Northern California-rooted commercial real estate investor and developer operating across residential, office, industrial, and mixed-use. Similar regional anchor, vertically integrated operating model, and use of co-investment capital from institutional and high-net-worth partners.
- Wilson Meany: Bay Area-headquartered real estate investment and development firm with residential, office, and mixed-use assets and a long-standing local operating platform. Comparable as a regionally anchored, principal-driven investment firm with deep Bay Area relationships.
- Harvest Properties: Bay Area-focused commercial real estate investor and operator with a comparable mix of office, industrial, and R&D properties. Both firms are regional owner-operators that co-invest with outside investors and rely on local relationships for deal sourcing.
- Westcore Properties: Industrial and office owner-operator with a similarly sized portfolio concentrated in the Western U.S. Both firms emphasize direct acquisitions, active asset management, and opportunistic repositioning of under-managed assets.
Broad incumbents
- Crow Holdings: Large real estate investment and development firm running dedicated co-investment and JV platforms alongside institutional capital. Comparable in deploying JV/partnership capital with experienced operators, though at much larger scale and with multiple product types.
- Hudson Pacific Properties: Public West Coast office and studio REIT with significant Northern California exposure. Provides a public-market benchmark for West Coast commercial real estate valuations and a comparable office-segment risk profile to MKD's 770 L Street holding.
- Stockbridge Capital Group: Real estate investment manager offering value-add and opportunistic strategies across geographies, raising capital from institutional LPs. Comparable as a discretionary RE investor using co-investment vehicles, but operating at materially larger AUM and broader product scope.
- Rexford Industrial Realty: Public REIT specializing exclusively in Southern California industrial real estate, with growing Northern California presence. Direct comparison point for industrial sub-sector pricing, rents, and cap rates across the same geographic markets MKD targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Mkd Inc social profiles
Digital presenceMkd Inc financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mkd Inc leadership team
Management profileNumber of profiles
Profiles5 records
Mkd Inc funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mkd Inc 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 Mkd Inc
What does Mkd Inc do?
MKD Partners is a private, family office real estate investment firm that acquires, develops, leases, manages, and disposes of commercial properties—primarily industrial, self-storage, retail, and select office—across Northern and Southern California. The firm operates two investment vehicles (MKD Investments and PB&J Partners) and co-invests 25% to 50% of equity in each transaction alongside qualified High Net Worth Individuals, Sub-Institutional, and Institutional Investors, rather than running a pooled fund. Returns are generated through rental income, cash flow optimization, property appreciation, capital gains on disposition, and 1031 exchange transactions.
Is Mkd Inc a public or private company?
Mkd Inc is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Mkd Inc founded?
Mkd Inc was founded in 2005. It employs 1 to 10 people.
Where is Mkd Inc based?
Mkd Inc is headquartered in Richmond, United States, in the North America region.
How does Mkd Inc make money?
One revenue line is on record: real Estate Investment Returns.
Who are Mkd Inc's main competitors?
Direct peers on record are Sares Regis Group, Wilson Meany, Harvest Properties and Westcore Properties. Broad incumbents are Crow Holdings, Hudson Pacific Properties, Stockbridge Capital Group and Rexford Industrial Realty.
Does Mkd Inc have an API?
No public API is recorded for Mkd Inc.
What industry is Mkd Inc in?
Mkd Inc's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is BPAJANAF, Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships), with a secondary code of FSAAADAF, Estate Planning, Trust Structuring & Governance. Its NAICS code is 53 and its SIC code is 6799.