Lincoln Fund Reaches $280M Cornerstone Close

May 5, 2026

The fund is investing in last-mile, multi-tenant properties across the country.

Lincoln Property Co. has raised $280 million in capital commitments for its Lincoln Logistics Fund II, representing a cornerstone close for the fund that focuses on last-mile, multi-tenant investments across the U.S. The close totals more than a quarter of the fund’s $1 billion target.

The milestone reflects major support from two of Lincoln’s longstanding investors—U.S. public pension plans and Lincoln’s majority owner, Stone Point Capital LLC—along with Lincoln employees.

Lincoln Co-CEO David Binswanger remarked in a prepared statement that these two U.S. public pension plans have both invested with the company for more than a decade and one for more than 25 years.

A Lincoln spokesperson told Commercial Property Executive that the fund already has one asset acquired and two additional assets awarded. All three are in target markets, including South Florida, Dallas and Seattle.

A wide range of projects

Only a few weeks ago, Lincoln and Los Angeles–based Metrobloks announced their formation of a joint venture to develop a 150 MW, three-building, 568,000-square-foot data center campus in metro Kansas City, Mo. The approximately 30-acre site is at 2525 Old Hughes Road in Liberty, Mo.

In February, Lincoln secured $77.1 million in construction financing for a 466,000-square-foot industrial project in the Denver suburb of Commerce City, Colo. The financing, which included a construction loan from First Horizon Bank and joint venture equity from a confidential partner, was arranged by JLL.

The 46-acre development, known as Commerce Yards, will comprise three low-coverage warehouses and was scheduled set to break ground last month.