Ethan Conrad Properties is a privately held, vertically integrated commercial real estate investment and management firm operating throughout the Greater Sacramento region and California's Central Valley. Founded in 1995 by Ethan Conrad, a former industrial broker, the company began when Conrad purchased two value-add properties and has since expanded into one of Northern California's largest commercial real estate operators. The firm owns and manages a portfolio of over 180 commercial properties totaling more than 11 million square feet, with a combined portfolio value exceeding $2 billion and serving over 2,200 tenants across retail centers, office buildings, and industrial complexes. The company operates as a fully integrated platform, providing in-house brokerage, construction, property management, and facilities management services. The investment strategy centers on acquiring underutilized or distressed commercial assets in the Sacramento region and Central Valley markets, then repositioning them through capital improvements and active leasing. The firm pursues a long-term hold strategy rather than short-term dispositions. Geographic concentration includes Sacramento, Rancho Cordova, West Sacramento, Citrus Heights, Auburn, Granite Bay, and El Dorado Hills, with secondary Central Valley market exposure in Merced, Chico, Red Bluff, Stockton, and Vallejo. In 2025, Ethan Conrad Properties completed 727 transactions totaling $337 million in volume across 2.4 million square feet, representing leasing activity 300% above 2020 levels. Since 2020, the company has closed over $1.1 billion in total deal volume. The majority of holdings are concentrated in the Greater Sacramento region and Central Valley, creating geographic concentration risk. Portfolio diversification spans retail, office, and industrial asset classes. The company employs over 200 professionals managing operations across its vertically integrated platform.