Klein Enterprises   Baltimore Maryland

About This Sponsor

Headquartered in Baltimore, Maryland, Klein Enterprises is a diversified commercial real estate firm that specializes in development, acquisitions, brokerage, property and asset management throughout the Mid-Atlantic region. Founded in 1948, the company’s portfolio has grown to over 3,400,000 SF of square feet of apartment, retail, office, and flex properties. Now in its eighth decade, Klein Enterprises is well capitalized and under leveraged, leaving it well positioned for future growth. The company’s staff of professional development, management and leasing personnel has a combined experience of more than 100 years in the commercial real estate industry.

  • Geographic Regions: Mid-Atlantic
  • Risk Profiles: Value Add (8-12%), Opportunistic (12-20%)
  • Property Types Office, Retail / Shopping Center, Industrial, Multi-Family, Mixed Use
  • Total Capitalization $396M
  • Gross Leasable Area 3,400,000 sqft

Company Overview

  • Founded in 1948
  • Headquartered in Baltimore, Maryland
  • Over 3,400,000 square feet of apartment, retail, office, and flex space
  • Completed over $500 million worth of transactions
  • Experienced staff with specialization in real estate brokerage, acquisitions, development, and property management

Acquisition Criteria

Klein Enterprises acquires existing core and value-adding commercial investments, including stabilized and un-stabilized properties, throughout the Mid-Atlantic Region. The criteria we use to make our investments include the type of property, ownership characteristics and investment structure.

Target Market Locations

  • Supply-constrained submarkets located in the Baltimore-Metropolitan areas
  • Additional locations with rapid highway access, near select airports or seaports, or as part of a multi-city portfolio

Property Types

  • Office and/or retail properties, including mixed-use
  • Multi-tenant office and industrial/flex business parks
  • Properties that can be expanded or renovated
  • Entitled land for development
  • Properties with vacancy or rollover risk
  • Multi-Family

Acquisition Type

  • 100% fee interest
  • All Cash
  • Quick Closing
  • Leasehold/ground leases
  • Distressed Debt
  • Joint Ventures
  • Build-to-Suit

Portfolio

Number of Properties 29
Gross Leasable Area 3,400,000 sq. ft.
Total Capitalization $396,200,000+
Estimated Annual Base Rental Income $55,265,000
Estimated Amount of Net Operating Income $32,300,000+
Major Tennants Giant, Food Lion, Advance Auto, Petco, ALDI, Dollar Tree, Office Depot, Roses, Starbucks, Sav-A-Lot, Rainbow Apparel, Rent-A-Center, McDonald’s

Case Studies

Klein Enterprises has not added any case studies.

Executive Team

Michael Klein
Chief Executive Officer
Michael began working with his father, Philip E.

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Klein, in 1977, becoming the third Klein generation to develop, lease and manage income producing real estate in the Baltimore marketplace. He has been a principal in the design and construction of 25 shopping centers, office buildings, mixed-use and multi-family projects. He took the family business and created the management company and Klein Enterprises in 1979 when he took the initiative to manage and lease the commercial space in the Klein development portfolio, becoming one of the largest management companies in the Baltimore Metropolitan area. They landed consistently in the top 25 of the Baltimore Business Journal’s Book of Lists, year after year. Michael continues to oversee the management and leasing of the Klein shopping centers. In addition, he is a principal in the design and construction of new developments, including shopping centers, office buildings, mixed-use, and multi-family projects.

Daniel Klein
President
Daniel Klein is the President of Klein Enterprises, a 4th generation developer, owner, and operator of commercial real estate throughout the Mid-Atlantic Region.

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Daniel began his official career in real estate leasing and development in June of 2004. However, he first began familiarizing himself with the industry in the summer of 1996, assisting the maintenance crew sweeping parking lots and cleaning the centers. In his role as President, Daniel is responsible for the company’s overall performance, managing debt & equity, leasing, asset management, development & acquisitions, with a focus on sustaining the company’s existing portfolio while continuing long-term growth. Before joining Klein Enterprises, Daniel worked as a broker and real estate investor in Massachusetts while studying at Boston University, where he earned his BS in Communications with a concentration in economics. He holds a Real Estate Broker’s License in Massachusetts, as well as a Real Estate Salesperson’s License in Maryland.

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