M&B Enterprises
A diversified portfolio of 50+ operating and real estate investment companies across the Southwest and South Central US.
We Invest Where Infrastructure Grows.
We focus on commercial and industrial real estate in high-growth corridors across the Southwest and South Central United States. These markets benefit from sustained population migration, expanding logistics and energy infrastructure, and some of the most business-friendly regulatory environments in the country.
Our market selection is deliberate. Arizona and Texas anchor our portfolio. In these states, industrial demand consistently outpaces supply due to near-shoring trends, energy sector expansion, and interstate commerce. Our returns are engineered at the asset level. We don't rely on speculative market timing; instead, we capitalize on this growth by targeting under-managed properties with a clear path to stabilization and durable cash flow.
Distressed Acquisition. Value-Add.
M&B Enterprises is a cash-flow-first investment firm. We target undermanaged industrial assets in high-growth markets, identifying value in properties with deferred maintenance or operational inefficiencies.
Buy assets below market value in areas fueled by industrial growth.
Rehab physical infrastructure and streamline management.
Raise rents to market rates and secure long-term leases.
Secure institutional financing to return capital and repeat the cycle.
If an asset does not have a clear path to stabilization and cash flow, we do not buy it.
Value Creation In Action.
Featured Acquisition
Property Overview
Deal Metrics
Acquired in 2022 for $1.7M, this distressed industrial property consisted of 22,400 SF of light industrial buildings on 18.96 acres, including 5.4 acres of stabilized concrete yard. We invested approximately $600K in improvements, rehabilitating the buildings to create fully leaseable industrial space and stabilizing additional acreage for industrial outdoor storage (IOS). The property was leased to a combination of industrial tenants and port-related storage users, capitalizing on demand from the nearby logistics and port corridor. The asset reached $858,614.00 per year in revenue within 24 months of acquisition.
View More of Our PortfolioOur Acquisition Criteria.
Target Markets
Arizona and Texas anchor our acquisitions, with active investment across high-growth industrial corridors in the Southwest and South Central United States. We selectively pursue opportunities in adjacent markets with strong population growth and access to major logistics infrastructure.
Asset Types
Small bay industrial, flex space, warehouses, industrial outdoor storage, self-storage, RV and mobile home parks, and large-format retail big boxes.
Deal Profile
Value-add acquisitions with clear paths to stabilization, including properties with deferred maintenance, below-market rents, underutilized land, or operational inefficiencies. Our strategy focuses on acquiring assets below replacement cost and creating value through targeted improvements, leasing, and disciplined asset management.
Core Asset Classes.
We strategically target undervalued assets in growing energy and logistics corridors. This focus allows us to build a resilient portfolio of tangible, high-utility real estate positioned for long-term appreciation.
Light Industrial & Flex
We target functional small-bay assets purchased below replacement cost. Our strategy unlocks value by converting gross leases to Triple Net (NNN) structures, immediately correcting rent disparities and increasing Net Operating Income.
NNN Value Creation
Industrial Outdoor Storage
We capitalize on low-coverage land sites with high barriers to entry. These assets offer superior yield with minimal CapEx exposure, utilizing NNN structures to pass through maintenance costs and preserve margins.
High-Yield Low CapEx
RV & Mobile Home Parks
We capture the upside of industrial "super cycles" by serving transient workforce demand. To exit, we pivot to a tenant-owned home model, securing long-term lease stability and maximizing exit valuation.
Cyclical Cash Flow Capture
Self-Storage
We capitalize on the sector's historical resilience to economic downturns. Driven by life transitions rather than discretionary spending, self-storage provides durable cash flow and distinct downside protection in volatile markets.
Recession HedgeBuilt On Decades Of Operating Experience.
With a multi-state portfolio spanning industrial, storage, and operating businesses, M&B Enterprises combines deep operational expertise with disciplined capital allocation. Our principals have built and scaled businesses from the ground up, and we bring that same hands-on approach to every investment.
Mike Merrigan
Managing PartnerMike Merrigan is a lifelong entrepreneur and investor with experience spanning retail, vending, consumer services, and commercial real estate. He built and scaled cash-flow businesses across multiple states before redeploying capital into industrial, self-storage, and operating real estate assets in Arizona and Texas. Mike focuses on long-term ownership, asset repositioning, and disciplined capital allocation.
Bo Kort
Managing PartnerBo Kort is a founding partner of M&B Enterprises, where he specializes in deal structuring, negotiation, and capital formation across real estate and operating businesses. He is known for engineering transactions that align capital structure, cash flow, tax efficiency, and long-term upside. Bo is deeply hands-on, bringing strategic foresight, partnership design, and culture-driven leadership to every investment.
Work With Us.
We buy and operate real estate ourselves, and we partner with people who are doing the same. If you're sourcing deals, operating properties, or looking to invest alongside experienced operators, we'd like to connect.
Operators & Deal Partners
We work with brokers, owners, and operators who bring acquisition opportunities or operate assets within our target markets.
Capital Partners
We invest alongside partners looking for long-term exposure to commercial real estate and operating businesses.