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.