Dallas’ Lincoln Property apartment division sells to Canada real estate giant
— which manages property investments for the Ontario Teachers’ Pension Plan — has owned a 49% stake in Lincoln Property’s apartment operations. The Toronto-based investor will now hold 95% of the Dallas-based firm.
“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,” Osborne said in a statement. After the sale to Cadillac Fairview, Lincoln Property plans to continue building residential projects as part of mixed-use developments underway around the country.The sale of Lincoln Property’s apartment operations follows a
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