Lincoln Property Company’s multifamily division closed on a strategic partnership with Cadillac Fairview on Friday, May 31. The partnership will focus on the continued growth of multifamily property management operations and investment activities across the United States. Lincoln Property Company was founded by its Chairman Mack Pogue in 1965.

Tim Byrne, Lincoln’s Chief Executive Officer, and President stated, “We welcome Cadillac Fairview and see their investment as an opportunity to continue multifamily expansion across the country with significant capital. Cadillac Fairview is a quality institution with a strong management team and set of values.” Lincoln Property Company’s owners and management team will continue in their current roles.

Scott Wilder, Lincoln’s Executive Vice President of Residential Management, added that “This solid partnership is a testament to the strength of the people and processes which have driven our success over the last five decades. We can assure our clients, investors, employees, and residents that they will continue to receive the highest level of service.”

The partnership is in the final stages of raising a long-term investment vehicle focused on the acquisition and development of high-quality multifamily assets across the country, mirroring Lincoln’s current footprint.

“We are excited to partner with Lincoln Property Company, as this new investment is consistent with our heritage,” said John Sullivan, President, and CEO, Cadillac Fairview. “Cadillac Fairview started out as one of Canada’s major builders of houses and apartments. Now, we’re coming back full circle, joining forces with a partner that shares the same values, has a strong commitment to quality, and like us, believes in investing over the long term.”

“At Cadillac Fairview, we have a longstanding focus on working with best-in-class partners and we think this is a great opportunity to partner with a strong team, in a sector where we see huge opportunity,” said Duncan Osborne, Executive Vice President, Investments, Cadillac Fairview. “Looking forward, we are extremely committed to the existing business and expanding and supporting management to scale the business.”

Lincoln Property Company is currently the second largest multifamily manager in the United States with over 191,000 units under management and is the fifth largest multifamily developer.

Lincoln Property Commercial is not included in this strategic partnership and continues to operate independently as a closely held company in the United States and Europe. Additionally, Lincoln Military Housing is not included in this strategic partnership.