Lincoln Property Company, Cadillac Fairview and IMCO Grow Multifamily Fund to $1.8 Billion
Posted on 11/12/2021
Dallas-based Lincoln Property Company’s residential division (Lincoln Residential) and its partner, Cadillac Fairview, as co-sponsor, have grown their U.S. multifamily fund from US$ 800 million to US$ 1.8 billion in equity. Lincoln Residential, Cadillac Fairview and the Investment Management Corporation of Ontario (IMCO) contributed to the US$ 1.0 billion expansion. The fund will continue to work as a long-term investment vehicle, focusing on the development and acquisition of multifamily assets in U.S. markets.
To date, the fund has acquired several luxury communities including:
The Earl in Arlington, VA
The Pullman in Denver, CO
The Registry on the Park in Atlanta, GA
The Bernardin in Chicago, IL
Lake House in Orlando, FL
In fact, the fund has numerous development projects under construction, with additional projects planned in major cities, including Boston, Washington, D.C., Charlotte, Nashville, Dallas, Atlanta, Miami, Phoenix, and Chicago, to name a few.
Lincoln Property Company was founded in 1965, by Mack Pogue, as a builder and operator of residential communities.
Cadillac Fairview is wholly owned by the Ontario Teachers Pension Plan. Cadillac Fairview manages in excess of US$ 35 billion of assets across the Americas and the United Kingdom, with further expansion planned into Europe and Asia.