Pine Tree (Pine Tree Commercial Realty, LLC) is a national, privately owned retail real estate owner and operator based in Oakbrook Terrace, Illinois. Founded in 1995, the firm manages over $3 billion in assets under management and 17 million square feet of open-air shopping centers across the United States. Pine Tree is vertically integrated, offering services across acquisitions, leasing, property management, development, design construction, and marketing, with a portfolio of 66 shopping centers. The firm describes itself as risk-agnostic with over 200 projects completed since inception, working with deep capital relationships nationwide. Pine Tree is not a venture capital or startup investor; its focus is exclusively on retail real estate property ownership and management.

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