Lincoln Property Company Becomes 3rd Largest Apartment Manager in the Country
DALLAS, May 31, 2012 /PRNewswire/ -- Lincoln Property Company has recently advanced from the 4th to the 3rd spot on the NMHC 50 Largest Apartment Managers Rankings for 2012 with over 140,000 apartment units currently under management. The improvement was largely due to their success in third party fee management.
"We had significant growth in our third party fee management business in 2011 allowing us to climb from 4th to 3rd position" says Jennifer Staciokas, Vice President of Marketing and Training of Lincoln Property Company. In 2009 the company was ranked sixth on the rankings list and has consistently improved one spot every year. Aside from the NMHC rankings, LPC has also received many other awards and honors for quality property management.
Founded in Dallas Texas, in 1965 for the purpose of building and operating quality residential communities, Lincoln Property Company has since expanded into other major areas of the United States. With their most notable presence in the Southwest and Southeast regions, Lincoln Property Company is working to strengthen their management portfolio in Southern California and the Midwest and Mid-Atlantic regions of the country. High-rise, mid-rise, garden-style, new construction and stabilized assets have all been added to LPC's substantial property listing throughout the year with continued growth in the forecast.
Some of Lincoln's newest additions to the management portfolio are Union at Carrollton Square, a new construction mixed-use development in Carrollton, Texas, Dunton Tower Apartments, a high-rise apartment building in Arlington Heights, Illinois, the Avery Townhome Apartments, an all-townhome upscale development in Willingboro, New Jersey and in Southern California, a new construction project consisting of 180 units located in Los Angeles, The Avenue Hollywood.
The upturn in the real estate sector has also revived the development pipeline for LPC; new projects in the Northeast, Southeast and Southwest regions are currently in the planning stages. These new projects are anticipated to considerably grow LPC's national management portfolio.
Aside from providing affordable apartments nationwide, LPC also manages commercial, build-to-suit, office, hotel, industrial and other mixed-use assets. In addition, over 70% of Lincoln's apartment management portfolio is comprised of fee management accounts for third party investors.
SOURCE Lincoln Property CompanyBack to top