{"id":1004644055,"date":"2023-02-06T16:39:31","date_gmt":"2023-02-07T00:39:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004644055"},"modified":"2023-02-07T04:59:40","modified_gmt":"2023-02-07T12:59:40","slug":"lincoln-property-names-new-leaders-gains-investment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/","title":{"rendered":"Lincoln Property Names New Leaders, Gains Investment"},"content":{"rendered":"
\"David

David Binswanger. Image courtesy of Lincoln Property Co.<\/p><\/div>\n

Nearly six decades after its founding by Mack Pogue, Lincoln Property Co.<\/strong> is about to come under new leadership. The Dallas-based developer and investor said Monday that it has named David Binswanger and Clay Duvall, two longtime Lincoln executives, as the company’s co-CEOs. The duo will succeed Pogue, the firm’s chairman, and CEO Bill Duvall.<\/p>\n

Alongside the leadership changes, the company’s commercial real estate subsidiary, Lincoln Property Commercial<\/strong>, has inked an investment from Stone Point Capital<\/strong>, intended to enable the company to expand the scope and scale of its services, investments and acquisitions. The firm plans to use the funds to fuel further acquisitions in the office, industrial, retail, mixed-use and life science sectors, as well as to enhance its property and investment management offerings for its institutional clients. Berkshire Global Advisors<\/strong> served as the company\u2019s financial advisors in the transaction.<\/p>\n

Lincoln Property\u2019s leadership plans<\/h2>\n

Mack Pogue founded Lincoln Property Co. in 1965 as an apartment developer. Duvall joined the company in 1977, expanding it into the commercial real estate market nationwide. At present, the company owns and operates more than 226 million square feet of space, according to CommercialEdge information, and consistently ranks among Commercial Property Executive<\/em>\u2019s lists<\/a> of top managers, owners and developers of commercial space. Following the succession of their roles, Pogue and Duvall will maintain their ownership stakes in the company. Greg Courtwright, the company\u2019s COO, will remain in his role.<\/p>\n

\"Clay

Clay Duvall. Image courtesy of Lincoln Property Co.<\/p><\/div>\n

Binswanger and Duvall bring five decades of combined experience to their new positions. In his role as executive vice president of finance, Duvall managed the firm\u2019s relationships with its equity and capital markets partners. As senior executive vice president of LPC West<\/strong>, the company’s West Coast affiliate, Binswanger has overseen many of the company\u2019s high-profile acquisitions and developments in the region.<\/p>\n

Commercial conquest<\/h2>\n

Lincoln Property Co.\u2019s leadership change and newfound funding for its commercial subsidiary takes place amid partnerships and collaborations on several large-scale projects. Last month, the company broke ground on the Goodyear AirPark<\/a>, a planned 20-building, 7 million-square-foot industrial in the Phoenix area. In September of 2022, it, alongside Kairoi Residential begun construction on Waterline<\/a>, a 2.7 million-square foot mixed-use office, retail, multifamily and hospitality space in Austin. After its construction finishes, the building will be the tallest single building in Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"

Two co-CEOs will take the helm of the company founded by Mack Pogue in 1965. <\/p>\n","protected":false},"author":3012,"featured_media":1004644125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742,21744],"tags":[51871,34930,51870,46001],"class_list":["post-1004644055","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","category-people","tag-berkshire-global-advisors","tag-lincoln-property-co","tag-lincoln-property-commercial","tag-stone-point-capital"],"acf":[],"yoast_head":"\nLincoln Property Names New Leaders, Gains Investment - CPE<\/title>\n<meta name=\"description\" content=\"The company has appointed David Binswanger and Clay Duvall as Co-CEO's, and has gained a sizeable investment from Stone Point Capital.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Property Names New Leaders, Gains Investment\" \/>\n<meta property=\"og:description\" content=\"The company has appointed David Binswanger and Clay Duvall as Co-CEO's, and has gained a sizeable investment from Stone Point Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-07T00:39:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-07T12:59:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Clay-Duvall-and-David-Binswanger.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/\",\"name\":\"Lincoln Property Names New Leaders, Gains Investment - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Clay-Duvall-and-David-Binswanger.jpg\",\"datePublished\":\"2023-02-07T00:39:31+00:00\",\"dateModified\":\"2023-02-07T12:59:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/cf1bfd2d6753f6ea305911ffd020862c\"},\"description\":\"The company has appointed David Binswanger and Clay Duvall as Co-CEO's, and has gained a sizeable investment from Stone Point Capital.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-names-new-leaders-gains-investment\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Clay-Duvall-and-David-Binswanger.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/Clay-Duvall-and-David-Binswanger.jpg\",\"width\":800,\"height\":620,\"caption\":\"Clay Duvall and David Binswanger. 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