ScanlanKemperBard (SKB) Company Profile

Background

Founded in 1993, ScanlanKemperBard (SKB) is a privately held real estate investment and development firm headquartered in Portland, Oregon. The company specializes in acquiring, managing, and transforming commercial properties into profitable, risk-adjusted returns for its partners, which include institutions, high-net-worth investors, trusts, and family offices. Since its inception, SKB has originated over $5.35 billion in portfolio activities, encompassing more than 34 million square feet of office, industrial, and retail space, along with 2,154 residential units.

Key Strategic Focus

SKB's strategic focus centers on urban industrial and suburban mixed-use commercial properties. The firm targets major West Coast markets, including Portland, Seattle, the Bay Area, Phoenix, and Denver. By leveraging longstanding relationships in these regions, SKB effectively sources, structures, and executes value creation across a wide spectrum of real estate opportunities.

Financials and Funding

As of 2024, SKB has generated over $5.35 billion in portfolio activities. The company's revenue is estimated at $20.4 million, with a workforce of approximately 87 employees. SKB has raised a total of $5.2 million in funding over four rounds.

Pipeline Development

SKB's recent acquisitions and developments include:

Advanced Manufacturing Facility in Broomfield, Colorado: In July 2024, SKB acquired a 436,534-square-foot former pharmaceutical manufacturing facility situated on 22.68 acres. The property boasts nearly 12,000 amps of power, making it suitable for advanced manufacturing operations.

Walnut Business Center in Boulder, Colorado: Also in July 2024, SKB, in partnership with Landrock, acquired this urban industrial and retail complex. Plans include significant capital improvements to modernize the property into a state-of-the-art mixed-use district.

Chandler Business Center in Chandler, Arizona: In August 2021, SKB acquired a 106,892-square-foot industrial and flex property located on over 10 acres. The property is fully leased, highlighting strong tenant demand in the region.

American Steel Block and Peralta Street Building in Oakland, California: In September 2021, SKB acquired a 14-acre portfolio consisting of a 439,368-square-foot urban industrial property. The firm plans to reposition the facility into a multi-tenant industrial campus catering to advanced manufacturing and R&D users.

Technological Platform and Innovation

SKB distinguishes itself through its comprehensive approach to real estate investment and development. The firm employs proprietary methodologies to identify and capitalize on value-add opportunities within urban industrial and suburban mixed-use properties. By focusing on markets with strong growth potential and leveraging its extensive network, SKB effectively transforms underutilized properties into high-performing assets.

Leadership Team

Bob Scanlan: Co-Founder, Chairman, and Chief Executive Officer. Bob has been instrumental in guiding SKB's strategic direction and fostering its growth since the company's inception.

Todd Gooding: President. Todd oversees SKB's investment activities and has played a pivotal role in expanding the firm's portfolio across major West Coast markets.

James Paul: Executive Vice President. James focuses on asset management and has been key in executing SKB's value creation strategies.

Gregory M. Scharlemann: Senior Vice President. Gregory specializes in acquisitions and has led several of SKB's significant property acquisitions and repositioning projects.

Leadership Changes

In 2013, SKB launched the SKB Hotel Group in partnership with hotel industry veteran Robert Riley, who brought extensive experience from his tenure as CEO of Mandarin Oriental Hotel Group, Le Meridien Hotels and Resorts, and Armani Hotels.

Competitor Profile

Market Insights and Dynamics

The real estate investment and development industry is characterized by significant competition, with numerous firms vying for prime properties and development opportunities. The market is influenced by economic cycles, interest rates, and regional growth trends.

Competitor Analysis

SKB's primary competitors include other real estate investment and development firms specializing in urban industrial and mixed-use properties. Notable competitors are:

Island Capital: With approximately 102 employees and an estimated revenue of $29 million, Island Capital focuses on real estate investment and advisory services.

Cheslock Bakker & Associates: This firm has around 133 employees and an estimated revenue of $25.6 million, specializing in real estate development and management.

PCCP: Employing about 136 individuals, PCCP has an estimated revenue of $24.5 million and focuses on real estate finance and investment management.

The Davis Companies: With approximately 143 employees and an estimated revenue of $65.5 million, this firm specializes in real estate investment, development, and management.

Hearthstone: Employing around 85 individuals, Hearthstone has an estimated revenue of $29.4 million and focuses on residential real estate investment.