{"id":1004671611,"date":"2023-07-11T03:16:12","date_gmt":"2023-07-11T11:16:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004671611"},"modified":"2023-07-11T04:12:46","modified_gmt":"2023-07-11T12:12:46","slug":"lincoln-property-buys-california-management-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-buys-california-management-firm\/","title":{"rendered":"Lincoln Property Buys California Management Firm"},"content":{"rendered":"
\"Lincoln<\/a>

Building in El Segundo, Calif., owned by Lincoln Property Co. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

Lincoln Property Co.<\/strong> has acquired Irvine, Calif.-based property and asset management company RiverRock Real Estate Group<\/strong>, in a deal that adds more than 50 million square feet to Lincoln\u2019s property management portfolio. With this move, Lincoln is expanding its services to third-party clients connected to various asset classes including office, retail and industrial.<\/p>\n

Founded in 2003, RiverRock is active in California and Arizona and offers services such as property and project management, accounting, as well as due diligence and financial management. Founder John Combs will continue to be part of the leadership team and will focus on the West Coast.<\/p>\n

This is the first merger and acquisition deal for Lincoln since the appointment of Ali Daubert as Chief Strategy and M&A Officer and the February announcement of the company\u2019s strategy that involved the appointment of David Binswanger and Clay Duvall as Co-CEOs, as well as an investment by funds managed by Stone Point Capital. At that time, the company also announced its plan to expand in management services.<\/p>\n

Since its founding in 1965, Lincoln has constantly diversified. Starting from residential, the company later expanded into commercial real estate in the 1970s and then into military housing starting with 2001. The company\u2019s current footprint includes some 470 million square feet. Since 2018, Lincoln acquired and developed more than 60 million square feet of space, valued at $24 billion.<\/p>\n

Recent Lincoln Property Co. deals<\/h2>\n

Lincoln Property Co. made several significant moves involving retail, office and industrial assets throughout the first half of 2023. In early January, Lincoln, in partnership with Harvard Investments, broke ground on Goodyear AirPark<\/a>, a 7 million-square-foot industrial project in Goodyear, Ariz.<\/p>\n

Back in April, Lincoln secured a lease with Sabra Health Care REIT at its FLIGHT at Tustin Legacy<\/a>, an 870,000-square-foot office campus in Tustin, Calif. That same month, the company was selected to manage<\/a> a 640,000-square-foot Amazon fulfillment center in Pooler, Ga.<\/p>\n","protected":false},"excerpt":{"rendered":"

The RiverRock deal expands the company’s footprint by 50 million square feet.<\/p>\n","protected":false},"author":2829,"featured_media":1004671613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,23891,21742,34267,21785,15],"tags":[32838,35345],"class_list":["post-1004671611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-national","category-latest","category-orange-county","category-property-management","category-west","tag-lincoln-property-company","tag-riverrock-real-estate-group"],"acf":[],"yoast_head":"\nLincoln Property Buys California Management Firm - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Lincoln Property Co. has acquired RiverRock Real Estate Group, expanding its property management portfolio by 50 million square feet.\" \/>\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-buys-california-management-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lincoln Property Buys California Management Firm\" \/>\n<meta property=\"og:description\" content=\"Lincoln Property Co. has acquired RiverRock Real Estate Group, expanding its property management portfolio by 50 million square feet.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-buys-california-management-firm\/\" \/>\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=\"2023-07-11T11:16:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T12:12:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Lincoln-Property-Company-asset-in-El-Segundo-Calif.-Image-courtesy-of-CommercialEdge-e1689069623825.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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-buys-california-management-firm\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-buys-california-management-firm\/\",\"name\":\"Lincoln Property Buys California Management Firm - 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