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Cadillac Fairview Acquires Lincoln Property Company’s Residential Division and Announces New CEO and Leadership Changes
Cadillac Fairview Acquires Lincoln Property Company’s Residential Division and Announces New CEO and Leadership Changes

Cadillac Fairview (CF) is pleased to announce it has acquired Lincoln Property Company’s Residential Division (Lincoln Residential). Today’s announcement represents the completion of a carefully planned transition that started in 2019 when CF first acquired a 49% interest in the business to support and grow multifamily property operations and investments across the United States. Mack Pogue, who founded Lincoln Property Company in 1965, and Tim Byrne, Lincoln Residential’s retiring CEO, have retained a 5% interest in the business.

“The closing of this transaction marks the beginning of a new era for both companies,” said John Sullivan, President and CEO, Cadillac Fairview. “For the past five years Cadillac Fairview has been actively focused on growing and diversifying its global real estate portfolio with best-in-class partners, and since collaborating with Lincoln Residential in 2019 we’ve had tremendous success, which speaks to the strong collaboration between our leadership teams.”

Based in Canada, CF manages the global real estate portfolio for Ontario Teachers’ Pension Plan, managing in excess of $40 billion of assets across the Americas, Europe and Asia.

Under the leadership of Mack Pogue and Tim Byrne, Lincoln Residential has grown to be one of the largest multifamily operators in the United States with more than 4500 employees. In 2019 Lincoln and CF co-sponsored a long-term investment program focused on the development and acquisition of high quality multifamily assets in top U.S. markets. To date, Lincoln Residential has completed over $1.5 billion of acquisitions and has another $2 billion under development, with significant planned expansion of this program.

Leadership Team Changes

As part of the acquisition and in preparation for the company’s strategic growth plans, Duncan Osborne is succeeding Tim Byrne as CEO, who has held the position since 1984. Duncan joins Lincoln Residential with more than 25 years of experience in real estate, investment and commercial transactions. He most recently served as Executive Vice President, Investments with CF where he led the firm’s international business and spearheaded the partnership with Lincoln Residential.

“I am humbled and excited by the responsibility to lead Lincoln Residential on this new journey,” said Duncan. “Lincoln Residential’s client-first reputation and excellence in property management is a testament to the strength of our people and sets us up for a bright future. In partnership with senior leadership, we will develop a thoughtful, people-led strategy to support and grow our property management operations and our clients, while expanding our development and investment program to position us for long-term success.”

In support of the company’s growth strategy, Lincoln Residential is pleased to announce additional changes to its senior executive team.

Jeff Courtwright has assumed the new role of President, National Development. Jeff joined the company in 1996 and led the growth of the Southwest Region for the last 26 years as Executive Vice President. In this new role, Jeff will lead Lincoln Residential’s development program nationally and oversee program strategy, resourcing and execution to scale the company’s portfolio.

Chris Stallsworth has joined Lincoln Residential as Executive Vice President, Investments and Asset Management to build out the company’s asset management and investment capabilities. Chris has over 20 years’ experience in investment and asset management and most recently was a Managing Director in CF’s Dallas office responsible for investment activity across the U.S.

Lincoln Residential is no longer affiliated with Lincoln Property Company's commercial division and operates as a separate, independent company.

​TD Securities acted as Financial Advisor and Fried Frank as Legal Advisor for Cadillac Fairview. Goodwin Proctor acted as Legal Advisor for Lincoln Residential.

About Lincoln Residential

Founded in 1965 by Mack Pogue, Lincoln Residential is one of the United States’ most respected real estate firms, bringing more than 50 years of expertise and continued success to their multifamily portfolio. Focused on real estate investment, development, acquisition and property management, Lincoln Residential is the second largest multifamily operator in the country. Globally focused owner, operator, investor and developer of best-in-class real estate assets, Cadillac Fairview, is the majority owner of Lincoln Residential. Positioned for continued strategic growth, the company proudly employs over 4500 team members and is headquartered in Dallas, Texas. To learn more, visit

About Cadillac Fairview

Cadillac Fairview (CF) is a globally focused owner, operator, investor, and developer of best-in-class real estate across retail, office, residential, industrial and mixed-use asset classes. Wholly owned by the Ontario Teachers’ Pension Plan, CF manages in excess of $40 billion of assets across the Americas, Europe and Asia. Internationally, CF invests in communities with like-minded partners, including Stanhope in the UK, Lincoln Residential in the U.S., and Multiplan in Brazil. The company’s Canadian portfolio comprises 68 landmark properties, including the Toronto-Dominion Centre, CF Toronto Eaton Centre, Tour Deloitte, CF Carrefour Laval, CF Chinook Centre and CF Pacific Centre. Continually striving to make a positive impact in communities where it operates by promoting social connection, growth, and a sustainable future, CF’s Purpose is Transforming Communities for a Vibrant Tomorrow. Learn more at

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