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Texas  + Dallas-Fort Worth  + Apartments  | 
Dallas-based Lincoln Residential bought by Canadian mall developer/pension fund.

Dallas-Based Lincoln Residential Bought by Canadian Mall Operator

Cadillac Fairview (CF) has acquired 95% of Lincoln Property Company’s residential division. 5% will go to Mack Pogue and Tim Byrne, the Lincoln Property Company founder and CEO, respectively.

The Toronto-based mall operator owned by the Ontario Teachers’ Pension Plan did not say how much it paid for the stake in the Dallas-based real estate investment and development company. 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.

The transition began in 2019, when Cadillac Fairview acquired a 49 per cent interest in Lincoln Property Company.

Lincoln Residential says it has completed more than $1.5 billion in acquisitions and has another $2 billion under development. 


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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