Thomas Park acquires Loughlin Management Group

ANNAPOLIS, Md.–(BUSINESS WIRE)–Thomas Park, an Annapolis-based private real estate investment firm, announced today that it has acquired The Loughlin Management Group, a third commercial property management firm based in Annapolis. The contract includes a 50 percent stake in KLNB Management.

Loughlin Management Group will now trade as Thomas Park Management. Thomas Park Management today manages more than eight million square feet comprising two hundred commercial properties including medical offices, industrial, flexible, office and retail properties in Maryland, Virginia, North Carolina, Pennsylvania, New Jersey and Massachusetts. Full-service commercial property services include accounting, 24/7 on-call support, on-site civil engineers, consulting, property and construction management, and monthly budgeting and reporting for commercial property owners throughout the East Coast.

“Providing third-party management services has been on Thomas Park’s agenda for over a year, and now we have entered the space as one of the largest companies in the region,” says Thomas Park CEO EJ Rumpke. “We are excited to work with KLNB and expand our footprint on the East Coast and beyond.”

Carl Truitt, executive vice president and longtime executive at Loughlin, has been promoted to president of Thomas Park Management. “I look forward to working with the Thomas Park team as we jointly develop our service offering while expanding our geographic presence,” says Truitt. Thomas Park intends to enhance its customer-centric approach and high level of service for third-party clients, while investing heavily in improving the company’s technology group and processes.

“Thomas Park is a top-notch organization and we are excited to work with their team,” says KLNB President Marc Menick. “At KLNB, we understand the importance of a strong asset management platform to be able to assure our clients that we will provide best-in-class service. We are confident that Thomas Park will deliver on this promise.”

Since acquiring the company in November 2022, Thomas Park has hired three new asset managers to service its growing book of business. Thomas Park, now a team of 70, will move to a new 14,000 square foot headquarters in the Annapolis Towne Center in March 2023.

About Thomas Park

Founded in 2019, Thomas Park is a full service commercial real estate firm offering alternative investment strategies and third party commercial real estate services throughout the East Coast. Headquartered in Annapolis, Maryland, with three offices, Thomas Park manages more than eight million square feet of commercial real estate and owns more than $200 million in healthcare real estate. For more information, visit

Photos available upon request.

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