Lincoln Property Company
Lincoln Property Company is one of the largest private US commercial real estate firms, providing integrated build, lease, manage, invest, and advisory services to institutional investors, corporate occupiers, and developers across 720+ million square feet and $31B+ AUM.
- Company typePrivate
- Founded1960
- HeadquartersDallas, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Lincoln Property Company does
Lincoln Property Company is one of the largest private commercial real estate firms in the United States, founded in 1960 and headquartered in Dallas, Texas. The company operates a vertically integrated platform organized around five service lines — Build, Lease, Manage, Invest, and Corporate Advisory & Solutions — serving institutional investors, REITs, corporate occupiers, developers, government entities, and educational institutions across office, multifamily, industrial, retail, life sciences, healthcare, data center, and mixed-use asset classes. As of December 2025, Lincoln manages over $31 billion in assets and a combined portfolio exceeding 720 million square feet of commercial space, with 35+ offices across the United States, United Kingdom, and a European regional headquarters in Warsaw, Poland.
Revenue is generated through four primary streams: recurring property management fees on behalf of institutional and third-party owners; transaction-based leasing and brokerage commissions; development fees from ground-up and redevelopment projects; and investment returns including carried interest and promotes from proprietary vehicles such as Lincoln Logistics Fund II. Lincoln's go-to-market relies on direct enterprise field sales teams managing relationships with institutional investors, REITs, and major corporate occupiers, augmented by local market teams empowered to negotiate property-level transactions. Notable customers include Walmart, Honeywell, ZoomInfo, Deloitte, TIAA, Keurig Dr Pepper, the Dallas Cowboys, Cleveland Browns, San Antonio Spurs, and 1 Hotels.
The firm is majority-owned by Stone Point Capital following a February 2023 strategic investment that installed co-CEOs Clay Duvall and David Binswanger as part of an explicit growth and succession plan. Lincoln has pursued an active inorganic strategy, acquiring Capstone Development Partners (student housing), RiverRock Real Estate Group, and strategic stakes in Unire Real Estate Group, Trigild, and Centennial, while launching joint ventures with PGIM Real Estate (outpatient medical), Metrobloks (data centers), and Cross Ocean Partners (office). Major development projects include The Star in Frisco, Texas ($2 billion mixed-use); Huntington Bank Field in Brook Park, Ohio ($2.4 billion stadium and entertainment district); and Waterline in Austin, Texas (74-story tower).
Lincoln Property Company firmographics
Firmographics- Name
- Lincoln Property Company
- Legal name
- Lincoln Property Company Commercial LLC
- Website
- https://lpc.com
- Company type
- Private
- Founded year
- 1960
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Lincoln Property Company is one of the largest private US commercial real estate firms, providing integrated build, lease, manage, invest, and advisory services to institutional investors, corporate occupiers, and developers across 720+ million square feet and $31B+ AUM.
- Ownership category
- akta.pro rank
Lincoln Property Company industry classification
Industry- Product category
- Commercial Real Estate Services
- NAICS
- Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Offices of Real Estate Agents and Brokers (5312), Other Activities Related to Real Estate (531390)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Office Real Estate Asset Management (BPAJAMAG)
- akta.pro secondary industries
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL), Tenant Representation & Corporate Services Brokerage (BPAJABAJ), Seller Representation & Listing Services (BPAJAAAK)
Keywords
Where Lincoln Property Company is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices35 records
Markets served
Lincoln Property Company business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Property Management Fees: Lincoln earns recurring management fees for managing commercial properties on behalf of institutional clients and third-party owners. Their combined management and leasing portfolio exceeds 720 million square feet of commercial space.
- Leasing and Brokerage Commissions: The company earns transaction-based commissions on leasing and sales of commercial properties, including office, industrial, retail, and multifamily assets.
- Development Fees: Lincoln generates development fees from ground-up development and redevelopment projects, including build-to-suit office, industrial, mixed-use, and multifamily developments.
- Investment Returns: Through Lincoln Logistics Fund II and other proprietary investment vehicles, the company earns carried interest and promotes on equity investments alongside institutional capital partners like Stone Point Capital.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
Lincoln Property Company product offering
Product offeringCore offering
Lincoln Property Company is a vertically integrated commercial real estate services firm offering five core lines: Build (ground-up development and master planning), Lease (commercial leasing and brokerage across all major asset types), Manage (property and asset management for institutional owners), Invest (proprietary investment vehicles such as Lincoln Logistics Fund II that pursue value-add strategies alongside institutional capital partners), and Corporate Advisory & Solutions (occupier advisory, lease administration, and transaction management for corporate occupiers).
Product overview
Lincoln Property Company is one of the largest private commercial real estate firms in the United States, offering a comprehensive suite of integrated real estate services organized around five core offerings: Build Services (development and master planning), Manage Services (property and asset management), Lease Services (commercial leasing across asset types), Invest Services (real estate investment), and Corporate Advisory & Solutions (occupier advisory). The company operates across multiple property types including office, multifamily, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-use properties throughout the United States, United Kingdom, and Europe. Notable featured projects include The Star (Dallas Cowboys HQ in Frisco), Seaport Circle (life sciences in Boston), Legacy Union (mixed-use in Charlotte), Waterline (tallest building in Texas), and Luke Field (LEED Gold logistics campus in Arizona). The company manages over $31 billion in assets and a combined portfolio of more than 720 million square feet of commercial space.
Differentiator
Problem solved
Functional benefit
Brands
- Centennial, powered by Lincoln: National retail real estate operating platform
- Trigild, powered by Lincoln
- Lincoln Logistics Fund II
Products and services
- Build Services End-to-end real estate development and master planning services for ground-up development and redevelopment projects across office, multifamily, industrial, retail, life science, mixed-use, data center, and other asset classes. Available to institutional clients, developers, and property owners.
- Lease Services Commercial real estate leasing services covering agency leasing, tenant representation, and transaction support across all major asset types. Available to owners and tenants through locally empowered regional teams.
- Manage Services Property and asset management services delivered with an ownership mindset, covering more than 720 million sq. ft. of commercial space across multiple asset classes for institutional clients and third-party owners.
- Invest Services Real estate investment services using proprietary funds and direct equity investing, including Lincoln Logistics Fund II, which pursues last-mile and multi-tenant industrial value-add strategies with cornerstone commitments from Stone Point Capital and U.S. public pension plans.
- Corporate Advisory & Solutions Tailored real estate advisory services for corporate occupier clients, including strategy and execution support for lease administration, transaction management, project management, and workplace solutions across multiple industries.
Quantifiable outcome
- Luke Field achieved 100% occupancy with two full-building leases totaling over 1.1 million square feet
- +4 more outcomes
Companies that use Lincoln Property Company
Customer profileNamed customers19 records
Segments5 records
Ideal customer profiles4 records
Lincoln Property Company technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lincoln Property Company partnerships and signals
Strategic signalPartnerships
19 partnerships are on record, tiered core, strategic, flagship, minor, major and transactional.
- Austin Capital PartnerscoreCo-developer with Lincoln for Four Seasons Private Residences Lake Austin - a 210-acre ultra-luxury residential resort community on Lake Austin, Texas. TYKO Capital provided $870 million construction loan for this project.
- JLL Capital Markets GroupstrategicArranged the $870 million senior construction loan for Four Seasons Private Residences Lake Austin through TYKO Capital, with co-advisors Cobalt Equities and Adelaide Real Estate representing Austin Capital Partners and Lincoln.
- Haslam Sports GroupflagshipLincoln is development partner for the Huntington Bank Field stadium and adjacent mixed-use entertainment district in Brook Park, Ohio. The 176-acre sports and entertainment district includes stadium, music venue, hotels, apartments, and retail. Project valued at $2.4 billion for stadium with additional mixed-use investment.
- BeewiseminorBeewise's Bees for Buildings program partners with commercial real estate firms including Lincoln for AI-powered BeeHome robotic beehives. Program provides pollinator stewardship integration into real estate sustainability and tenant engagement initiatives.
- MetroblokscoreJoint venture to develop a 568,000-square-foot high-performance data center campus in Liberty, Missouri. The partnership combines Metrobloks' specialized data center site delivery with Lincoln's project execution capabilities. Project targets Q3 2027 for first tranche delivery with 150 MW power capacity.
- Centennial (powered by Lincoln)coreNational retail real estate operating platform powered by Lincoln. Steven Levin founded Centennial and is retiring June 2026, succeeded by Paul Kurzawa. Lincoln formalized strategic investment in Centennial's operating business.
- PGIM Real EstatecoreStrategic joint venture to pursue outpatient medical real estate investments across the United States. Partnership extends existing relationship and has executed two initial acquisitions totaling 193,000 square feet in Texas and California. PGIM manages $213 billion in gross assets.
- BlackBirch CapitalstrategicArranged the Lincoln-PGIM joint venture for outpatient medical real estate investments. BlackBirch Capital served as advisor facilitating the multi-year national investment vehicle.
- Capstone Development PartnersstrategicLincoln acquired Capstone Development Partners and Capstone Management Partners - a leading student housing and university facilities development and management company based in Birmingham, Alabama. Capstone continues operating under its own brand while gaining access to Lincoln's national scale.
- Kairoi ResidentialmajorCo-developer with Lincoln for 1 Hotel Austin at Waterline development in downtown Austin. The 252-room luxury hotel is part of the 74-story mixed-use Waterline tower, scheduled to open August 2026.
- Hunt CompaniesmajorHunt Companies and Lincoln Property Company submitted proposal for mixed-use development at Frost Bank Center and Freeman Coliseum in San Antonio. Plan includes 3.6 million square feet of mixed-use development over 15 years.
- TrigildstrategicLaunched 'Trigild, powered by Lincoln' platform providing real estate and asset management services across the US. Initiative follows Lincoln's strategic investment in Trigild to expand joint capabilities in distressed asset management.
- Proper HospitalitymajorPartnership for luxury hotel and residential tower in Uptown Dallas, expected completion 2029. Lincoln acquired the site in 2024. Project includes hotel, residences, wellness center, and social club.
- Peakline Real Estate FundsminorPartnership with Peakline Real Estate Funds for The Claire build-to-rent community in Naperville, Illinois - 90 townhomes representing the first build-to-rent development in Naperville.
- New York Life Real Estate InvestorsmajorPartnership to acquire 494,552-square-foot office property in San Francisco. This follows their collaboration where New York Life holds assets on balance sheet while Lincoln provides property management and leasing services.
- AECOM HuntflagshipJoint venture with AECOM Hunt and Turner Construction for Huntington Bank Field stadium development in Brook Park, Ohio. AECOM Hunt leads construction alongside Turner.
- Cross Ocean PartnersmajorJoint venture with Cross Ocean Partners to acquire 650,000-square-foot office building at 470 Vanderbilt Avenue in Downtown Brooklyn. This was the first collaboration between the two firms and Lincoln's sixth investment in NY Metro in one year.
- Unire Real Estate GroupstrategicStrategic investment expanding Lincoln's property management services in Southern California. Unire brings local market expertise and client relationships.
- CBRE Global InvestmenttransactionalCBRE Global Investment sold a DXC data center in Chandler, Arizona to Lincoln for $130 million. Lincoln plans to redevelop the 191,000 SF site into a 30-MW colocation facility.
Scale indicators18 records
Recent moves10 records
Expansion highlights8 records
Lincoln Property Company competitors and assessment
Company assessmentDirect peers
- CBRE Group: The largest global commercial real estate services firm, offering brokerage, property management, valuation, and investment management across all major asset classes. Directly comparable to Lincoln's vertically integrated Build-Lease-Manage-Invest platform, with overlapping institutional client base and similar office/logistics/multifamily focus.
- JLL (Jones Lang LaSalle): Global commercial real estate services and investment management firm with similar service lines (leasing, property management, capital markets, valuation) and institutional client focus. Directly comparable in scope and asset class coverage, including corporate occupier advisory.
- Cushman & Wakefield: Global commercial real estate services firm competing directly in brokerage, property management, valuation, and advisory across office, industrial, retail, and multifamily. Highly comparable service mix and customer base to Lincoln's core platform.
- Newmark Group: Commercial real estate services and investment firm with capital markets, leasing, and property management offerings. Comparable to Lincoln in brokerage and investment sales focus, particularly across office and industrial.
- Colliers International: Global commercial real estate services and investment management firm with similar brokerage, property management, and advisory capabilities. Comparable in service portfolio, asset class coverage, and institutional client orientation.
- Tishman Speyer: Private global real estate investment, development, and operating company focused on office, life sciences, and mixed-use properties. Closely comparable to Lincoln in combining development, ownership, and operating capabilities under a single private platform with institutional capital partners.
- Related Companies: Large private diversified real estate firm spanning development, acquisitions, management, and mixed-use projects. Comparable to Lincoln in its integration of development, asset management, and operating capabilities across multiple asset classes.
- Hines: Privately held global real estate investment, development, and management firm with institutional capital partnerships. Comparable to Lincoln's vertically integrated model across office, multifamily, industrial, and mixed-use assets in the US and Europe.
- Marcus & Millichap: Commercial real estate investment sales and financing firm specializing in brokerage of office, industrial, multifamily, retail, and hospitality assets. Comparable to Lincoln's brokerage/investment sales capability, particularly for institutional and private capital clients.
Broad incumbents
- Brookfield Property Group: A much larger global real estate owner, operator, and developer across office, retail, multifamily, logistics, and hospitality under Brookfield Asset Management. Comparable to Lincoln in office and mixed-use development and management but operates at significantly greater scale with broader asset ownership.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Lincoln Property Company social profiles
Digital presenceLincoln Property Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lincoln Property Company leadership team
Management profileNumber of profiles
Profiles16 records
Lincoln Property Company subsidiaries and ownership
Company hierarchySubsidiaries10 records
Lincoln Property Company funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lincoln Property Company M&A and investment
M&A and investmentM&A4 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lincoln Property Company
What does Lincoln Property Company do?
Lincoln Property Company is a vertically integrated commercial real estate services firm offering five core lines: Build (ground-up development and master planning), Lease (commercial leasing and brokerage across all major asset types), Manage (property and asset management for institutional owners), Invest (proprietary investment vehicles such as Lincoln Logistics Fund II that pursue value-add strategies alongside institutional capital partners), and Corporate Advisory & Solutions (occupier advisory, lease administration, and transaction management for corporate occupiers).
Is Lincoln Property Company a public or private company?
Lincoln Property Company is a private company. It is classified as private equity controlled and is currently operating.
When was Lincoln Property Company founded?
Lincoln Property Company was founded in 1960. It employs 1,001 to 5,000 people.
Where is Lincoln Property Company based?
Lincoln Property Company is headquartered in Dallas, United States, in the North America region.
How does Lincoln Property Company make money?
Four revenue lines are on record. Property Management Fees are the primary driver. The others are leasing and Brokerage Commissions, development Fees and investment Returns.
Who are Lincoln Property Company's main competitors?
Direct peers on record are CBRE Group, JLL (Jones Lang LaSalle), Cushman & Wakefield, Newmark Group, Colliers International, Tishman Speyer, Related Companies, Hines and Marcus & Millichap. Brookfield Property Group is listed as a broad incumbent.
Does Lincoln Property Company have an API?
No public API is recorded for Lincoln Property Company.
What industry is Lincoln Property Company in?
Lincoln Property Company's product category is Commercial Real Estate Services. Its primary akta.pro industry code is BPAJAMAG, Office Real Estate Asset Management, with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 53131 and its SIC code is 6531.